Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BitBean | Innovative PoS | Scalability | No IPO | No premine -New Dev Team
by
vella85
on 02/06/2017, 23:24:15 UTC
Can you tell me if there is any interest on the wallet?

If you mean do we earn interest on our BitBeans? then the answer is yes we do however you will need a few hundred thousand BitBeans before you start earning rewards. You could start with a small amount however it might take days before you earn any rewards so that is why I recommend at least 100k BitBeans to get started and if you can maybe even 500k as that should get you a few sprouts per week so around 3k BitBeans in interest a week if you leave the wallet unlocked and open for a long period of time.
When you buy BITB, send the BITB directly to your wallet Don't you need to do anything else? It doesn't seem like POS interest. What would you like to set up?

bitbean same as other pos coin, you dont need anything else. The difference is bitbean sprouting 1000 new bean if your coin mature

That's right, no need for anything else. BitBean in my opinion is better then all other POS coins as the staking/sprouting (BitBean terms) is a lot different and is like Bitcoin where as it's like mining a block and earning the full reward unlike other POS coins where you earn a certain percent on the amount of coins you stake. Say for example 10% per year on your coins while BitBean doesn't have this so you can earn a lot more coins.

someone said here that we need at least 1 million coins to get 1,000 coins after 3 days. the price is too high right now so according to this i need to invest 0.7 BTC to get reward? i only staked bitbean at poswallet so i dont really know how much i will stake at my own computer and i cant afford invest too much right now. but i do want to enter again.

i currently have 3 pos wallets at my computer opened whenever i`m online, and looking for more coins to stake!

1 million BitBeans would at least get you a couple of sprouts each day if you leave your computer on 24/7 With 500k I think you would sprout either every day 1k Beans or every second day. The price is holding steady so I think that if you buy some Beans each week you should make some profit in the long term as like I said the price has been steady for a few weeks now at around 50+ sats. Like I have said in previous posts I think this could be the new floor for BitBean.