Bean Cash Price, News and Analysis (BITB)

BitBean is another alternative cryptocurrency. Its Proof of Stake is different from other coins. In addition to only giving all coins that have over 6 hours of age only 6 hours of age in the PoS calculations, the blocks which are found are static blocks similar to PoW. Each PoS block is 1000 coins. "Bean Cash (Ticker: BEAN) is a re-brand of the digital currency and network, previously known as "BitBean" (Ticker: BITB). The "BitBean" blockchain and network began on February 13th., 2015. In 2018 a private company (unrelated to the cryptocurrency previously known as "BitBean") began using US Trademark authority to usurp the name "BitBean" for its own use. Pre-empting this action, in late 2017, it was decided by Bean Core to rebrand to Bean Cash to avoid unnecessary conflicts. It was the first 'crypto-currency' to implement a maximum of 20MB block sizes, based on Gavin Andersen's proposals to fix Bitcoin's scalability limitations. BitBean was also the first 'cryptocurrency' to pioneer the use of static block rewards in a Proof of Bean (PoB) system -- which now makes energy wasting PoW (Proof of Work) systems, inefficient, expensive and archaic!" (Description provided by CryptoCompare)

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Bean Cash.

Bean Cash produces its own wallet software that is available for download on its website, which allows you to store Bean Cash on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Bean Cash (BITB) is currently worth $0.00 on major cryptocurrency exchanges. You can also exchange one Bean Cash for 0.00000001 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Bean Cash in U.S. dollars is $2.05 million.

Bean Cash is a proof of work (PoW) and proof of stake (PoS) token that uses the SHA256 algorithm.

Bean Cash and other SHA256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

The following coins use the same hashing algorithm (SHA256) as Bean Cash: XinFin Network, Mixin, Fusion, Measurable Data Token, RSK Smart Bitcoin, Safe Haven, Litecoin Cash, Manna, Bitcoin Atom, TigerCash, Sakura Bloom, Alt.Estate token, Qbao, BitCoen and EDRCoin.