Doubling Your Investment With BitBean is Almost Too Easy
If you are already holding onto a lump sum of BitBean, you probably already have an idea of how versatile this asset is when it comes to making money; To you I say, 'Kudos 😉. Like, Resteem, & Comment.' For those of you unfamiliar with the true earning power of BitBean, I am going to let you in on the secret! Now, before I Spill the Proverbial Beans, let me go on record stating that I am not a financial advisor, and encourage EVERYONE here to do their own Due Diligence as you would with any business venture. I can not stress that enough. With that being said, please allow me a moment to bring the new comers up to speed with a brief highlight of what makes the digital asset unique from other Proof of Stake coins, and how this difference is directly correlated to BitBeans earning capabilities.
BitBean is Unique to Any Other Proof of Stake Currency!
Unlike other PoS crypto currencies, BitBean creates new blocks using a similar approach as PoW crypto currencies. Blocks which are found are static blocks similar to PoW. Each PoS block reward is 1,000 virtual beans. This is a much better form of proof of stake than determining rewards based on a percentage basis. Crypto currencies are supposed to be a payment system. BitBean's PoS encourages people to actually process transactions instead of hoarding their coins. Hoarding coins and only processing transactions rarely to collect an interest payment, does not make for a good payment transaction network.' For more information visit: BitBean
The Key Factors to take away from that Quote are:
- BitBean is A Proof of Stake currency that creates new blocks similar to Proof of Work currency.
- For every static block added to the blockchain, there is a reward of 1,000 BitBean (also known as Sprouts) to a 'share-holder'
- The rewards are NOT determined by your share percentage, but instead by a couple of other factors that make it possible for everyone in the BitBean Community to earn.
So Hows It Work?
If you were to do the bare minimum to be eligible to earn passive income with BitBean, you would simply have to make a purchase of 1000 BitBeans, from one of the exchanges, and send those Beans over to the Official BitBean Wallet: Available Here. After a period of 6 Hours, those beans would mature and join the reward network. Now the likelihood of an investment this small actually sprouting is unlikely, but I am told by the developers that it is still however theoretically possible. Not really an ideal if you're looking to add some depth to your portfolio, but the reason for this is simple: Your "wallet weight" or amount of beans in your wallet isn't sufficient enough to influence the blockchain to distribute out an reward. Lucky for you, I am here to show you how to increase your weight, so you can take advantage of this reward system multiple times a day, adding a significant amount of funds to your bottom dollar!!!
Lets Work Some Math Here
To begin, we will start with an initial investment of 1 BTC. At the current market rate, 1 Bitcoin will get you anywhere between 780k-850kBitB. For demonstration purposes, this amount works out perfectly because it falls within the recommend weight parameters (750k to 1m BitB) to trigger a reward a of at least 1-3 SPROUTS per day .
Calculated conservatively, that works out to approximately 0.00127317-0.00381952 BTC a day. All things remaining the same, that works out to about: 0.00891219 -0.02673664 per week; 0.0381951 - 0.1145856 BTC per month; and 0.046343388 - 1.39030528 BTC of passive income per year. (math calculate at a ratio of 127sats:1BitB)
It is important to note that BitBean is expected to increase in price as we progress throughout the year. With that stated, your actual earnings could be exponentially higher than the stated rate.
The Wrap Up
To further illustrate the true earning potential of BitBean, I have taken the liberty of setting up a demonstrative wallet meeting the recommend weight guidelines (see image below). I am going to document its progression over time and post them periodically so you can get a better understanding of what BitBean has to offer. If for any reason you have any questions or concerns please feel free to comment below and I will address your concerns openly.
THANKS FOR TUNING IN AND KEEP SPROUTING!
