Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
Posts Tagged ‘BitBean pool’
BitBean (BITB) SHA256-based alternative cryptocoin
11, Jan 2015
Bitbeans (BITB) is a new crypto currency designed for scale-ability, speed and lightening fast transactions! It features an innovative Proof of Stake algorithm that more closely resembles traditional Proof of Work crypto currencies. BitBean is the first crypto to impliment 20MB blocks, based off Gavin Andersen’s proposals to fix Bitcoin’s scale-ability limitations.
SHA-256 ASIC mining is energy efficient so it was chosen as the algorithm for the pow period. After initial distribution of 10,000 blocks, to those who mined all around the world, BitBean became a pure Proof of Stake (PoS) crypto currency. PoS was active during the PoW mining period, so about a third of those 10,000 blocks issued were proof of stake blocks. BitBean’s money supply is currently over 600 million virtual beans created. The amount of existing BitBeans is still small compared to the maximum cap of 50 billion BitBeans that are yet to be created with pure Proof of Stake.
Website:
– http://www.bitbean.org/
Block Explorer:
– https://chainz.cryptoid.info/bitb/
– http://cryptobe.com/chain/BitBean
Coin Specifications
- SHA256 Algorithm PoW + PoS
- 50 billion BitBeans maximum
- PoW phase is 10,000 blocks, over now
- Each PoS block is 1000 coins
- 6 hours of age in the PoS calculations
- Time to Maturity is 110 Confirmations
- maximum block size 20 megabytes
Wallet:
– Online Staking Wallet
– Windows
– Linux
Source Code:
– at GitHub
Ports:
– RPC Port: 22461
– P2P Port: 22460
Mining Pools:
No mining pools available anymore, the coin is now PoS only.
Coin Exchanges:
– Yobit
- Published in: Crypto Coins
- Related tags: BITB, BITB exchanges, BITB info, BITB mining, BITB pools, BITB trading, BitBean, BitBean exchange, BitBean info, BitBean mining, BitBean pool, BitBean trading, SHA256, SHA256 coin, SHA256 crypto, SHA256 mining