Re: Sprouting Bitbean is 10X more profitable than mining
No, that's a really good point about running a computer just to keep wallets open for staking. My electricity costs $0.12/kw-hr so running that laptop costs me around $0.10 per day and I can guarantee you it isn't earning anywhere close to that from staking two different POS coins. Fortunately, I use the laptop to monitor my mining rigs as well so it would be running 24/7, anyway.
Yeah I think you got my point whereas others didnt!
A modern hardware laptop would be good, but there's bound to be people using old rigs with poor hardware efficiency leaving them on 24/7. I use a power meter at the wall so know from a variety of systems that all the watts add up and counts when mining/staking/zombie use etc.
In the time it took me to mine 5$ worth I sprouted 80$ of Beans. Factoring in electricity consumption my original estimate is no longer accurate, its more like sprouting is 20x more profitable. Beans are still cheap for the nonce I should probably buy some more.
That's quite a large amount in its own right. But it's a very small amount compared to what it would have been, had Beancash not lost 95% of its value since the day you started this thread...
Yes the loss in value is alarming but... the whole market is down... and before the loss in value I took everything I originally invested out so I am all in profit no matter what I do.
My main mining rigs are off so for now I'm just using one rx 580. It took 17 days mining bittube to get that 5$. I'm not being aggressive, just trying to generate sats in a passive way for now.
The 95% loss sucks, for sure. At one time I could have sold my Beans for 225k$ but I thought BTC was going to soar to greater heights and let it ride. Beans will recover, the market will recover, we shall see.