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| Some Faucets You Just Let Run Click to Find out Why |
As I have mentioned in previous posts all sites I share I have withdrawn from as well as currently use services as I a going to discuss.
I first heard of the faucets years ago and had spent some time investigating then but really wanted nothing to do with anything I couldn't touch. If i could have, would right? So that brings me to today. These faucets I believe are fundamental to cryptocurrencies. I'll have Wiki give you it's definition of what a faucet is and then I will give you some key pointers in helping you discover the fun in a leaking faucet.
faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010.[1] It originally gave out 5 bitcoins per person.
Operation[edit]
Rewards are dispensed at various predetermined intervals of time, as rewards for completing simple tasks such as captcha completion like Coins Mondo Faucet[2] and as prizes from simple games like the bitcoin fidget spinner[3]. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin. after the price increase of bitcoin, most faucets pay between 10,15,20...satoshi every 5,7,10 minutes, but juste one faucet pay 20 satoshi unlimited(whithout timer) it's Coins Mondo Faucet[4],[note 1] although some faucets also have random larger rewards. To reduce mining fees, faucets normally save up these small individual payments in their own ledgers, which then add up to make a larger payment that is sent to a user's bitcoin address.[5]
As bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers stealing the bitcoins.[6]
Purpose[edit]
- To introduce users to bitcoin: Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don’t quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.
- To get traffic: Faucets are high traffic websites. It is not all that difficult to get a huge number of page views per day to a site which is giving away free money. If a website has other content or services to promote to Bitcoin users, especially new users, a faucet is a great way to bring them to make them familiar with a brand name.
- To make money: Making a healthy profit from a faucet site on its own is a lot harder than just making a popular faucet, but it is still possible. There are a lot of these sites around today, so it's a very competitive market, and earning enough from advertising to cover the cost of the coins you are giving away and hosting costs is nearly impossible. Adding additional content to a website, or creating some kind of unique or interesting twist, is the only way to generate an income for a Bitcoin faucet.[7]
Referral system[edit]
It is typical for faucets to have a referral system, where existing users referring new ones are rewarded with a pro rata portion of new users' earnings from the faucet. Unlike illegal pyramid schemes, earnings do not percolate to the top in the chain of referrals. The exact legal status of bitcoin faucets is unclear and can vary by jurisdiction, refer to legality of bitcoin by country.
So I'm glad Wiki brought up referrals. One great thing about cryptocurrencies is the need to communite with others. How fun it is to interact with people globally and maybe make some friends along the way. I know that I have definitely been able to interact with some wonderful people on my quest to bring you opportunities to generate some coin in your wallet.
The link below goes to one of my referrals and is the site I will be discussing today. Feel Free to click it and have open as I walk you through how to receive all the different coins this site has to offer. Th site is called FireFaucet Click on name or on banner below and you will be directed there.
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| Click Here Now |
Once on the homepage it will require you to register. Simple enough. Now it will also ask for you to have a Faucethub account. If you do not have one yet wich i'm pretty sure is going to be the case Go ahead and create one Here . Faucethub is the network in which Firefaucet is apart of. Think of it as a rewards center where you can interact with others and have good times. Once you are registered for both Enter your coin address in associated with your FaucetHub account. Things makes life so much easier as you have one centralized location for your coins and can do accordingly as you wish.
After you have completed those steps it is on to the good stuff. Claim your coins. What dets this site apart from most is the auto faucet feature. Instead of having to go and claim every few minutes, this site does on its own for you. Simple,easy and transparent. Your coins are automatically sent to your corresponding wallets within Faucethub.
If you want to maximize your rewards it is simple:
Read the steps on page and of course follow them. It is that simple.
Just do me a favor after you see it works. Tell your friends how to find my page so they too can enjoy the benefits of a leaking faucet.
