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Earning BTC through Bitcoin Faucets: Is it Worth it?

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Back in the day, when cryptocurrencies only started to emerge, there was not a lot of different ways to buy Bitcoin. However, as years went on, and the development progressed, a lot more options for obtaining different coins emerged. Of course, cryptocurrencies are still far away from mass adoption that the community is hoping to see. Even so, their popularity is rising rapidly, which eventually led to a phenomenon known as Bitcoin faucets.

Simply put, Bitcoin faucets are websites that pay people tiny amounts of Bitcoin in exchange for watching videos, clicking links, and doing similar activities that require no particular skills or knowledge.

These amounts are not really measured in BTC, but rather in Satoshis, which are 100 millionth of 1 BTC. This means that 1 BTC equals 100,000,000 Satoshis, and the amount a person gets per click is usually only around one Satoshi. At this point, you would need 25,000 satoshi’s to have $1, which is not exactly profitable. You would need to earn one satoshi per second for as long as three years to earn a single Bitcoin, which is currently less than $4,000. In other words, if you worked 24 hours per day, clicking on one link per second, you would still end the day with only $3.65 in your wallet.

Furthermore, a lot of these offers are scams which promise larger rewards and never pay users for their hard clicking work. In other words, most of these offers are a waste of time, which will result in little to no profit. Even so, there are a few of them that might be worth checking out.

Cointiply

The first one to consider is Cointiply, which is supposedly not only trustworthy but also profitable. At least, more profitable than most. The service’s users can earn BTC by playing games and watching videos. They will spend time collecting coins, with 100 of them being worth $0.01, but they can only withdraw the funds after they hit $35,000 coins.

After some quick calculations, it turns out that users can earn around $35 after watching ads for over 87 days, so we will leave it to you to decide how profitable it is. However, there is a trick to it, and it is a simple one at that — users can open multiple tabs at once and “watch” multiple videos at the same time, which can allow them to quickly collect more coins.

The games are slightly more profitable, although most of them are crosswords. These require that user remains at their computer and remain engaged, which is less appealing than just playing numerous videos in the background.

Moon Bitcoin

This service allows users to claim their funds every five minutes, but the trick is to leave it unclaimed for a longer period, which will allow you to earn more. It also requires you to disable your ad-block, but other than that, you can leave it open in the background and watch your funds increase over time. The amount that you can earn is about 250 satoshis per 5 minutes, which is around $0.11 per hour.

Bonus Bitcoin

Bonus Bitcoin is a more profitable alternative that promises to pay 5,000 satoshis per 15 minutes if the user keeps the webpage open and click on a button every 15 minutes. It also causes multiple new sites to open in new tabs, which quickly becomes rather annoying. The promise to earn 5,000 satoshis in 15 minutes does not appear to be true, and while earnings can be increased through games, it would still never add up to 5,000. Even if it did, that is about $0.80 per hour, which doesn’t make it worth the effort.

Conclusion

There are many other services like these, and they may even be profitable if you can run an entire network of computers, although that would lead to larger costs which ultimately defeats the purpose. In the end, Bitcoin faucets are a nice idea, but they are hardly worth it, and they will likely end up wasting your time for fractions of a dollar per hour.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Source: CryptoCoinSpy

Bitcoin

Why Bitcoin Price Remains Stable Before the Expected Hike

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The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

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Stanford Lecturer praises XRP over Bitcoin

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The world of cryptocurrencies continues to cause controversies even now, particularly when it comes to matters such as the superiority of one coin over others. According to recent reports, one student from Stanford University has stated that one of Stanford’s guest lecturers — Dr. Susan Athey — bashed the first and largest cryptocurrency, Bitcoin, while praising XRP.

Does guest lecturer go anti-Bitcoin?

In late February, Stanford’s student called Conner Brown came out publicly with a claim that Athey described Bitcoin’s network and protocol inaccurately, and that she also used the opportunity to make unfounded criticism. Athey, who also sits on Board of Directors at Ripple Labs — XRP’s parent company — supposedly also stated that XRP provides solutions to all issues mentioned in regards to Bitcoin.

According to Brown’s comments on the matter, the lecture in question took place over a month ago, and after attending it, he wrote an open letter to Standford, explaining the incident. In the letter, Brown claims that Athey inaccurately presented Bitcoin’s consensus protocol and overstated several issues, such as the threat of a 51% attack on the coins network, as well as Bitcoin’s mining centralization.

However, the main problem with the lecture, as Brown sees it, is the professor’s claims that XRP presents a solution to these problems.

The claims caused Dr. Athey to respond publicly via Twitter, stating…

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Bitcoin Chasing Green — First Positive Month Since July In Sight

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The crypto market has started seeing gains in mid-February, with Bitcoin (BTC) following the bullish trend as well. In fact, the largest coin was on its way of seeing the first positive month since July of the last year. Even though its price was struggling to permanently overcome the major resistance at $4,000, the coin kept trying, and as long as its price doesn’t drop below $3,414, this goal can still be achieved

The return of the bearish trend which briefly overtook the market on February 24th caused a lot of damage, although Bitcoin managed to remain above $3,800. Following the crash, BTC started seeing minor gains once again, indicating that the bears have withdrawn for now.

What does the future hold for BTC?

As mentioned, Bitcoin can only complete a positive month if its price remains above $3,500 until the end of February. At the time of writing, the price sits at $3,807 according to TradingView, with an increase of 0.58% in the last 24 hours. As things are right now, it is likely that BTC might succeed in doing this, as its price performed relatively well ever since January 11th, even though it remained between $3,300 and $3,700.

Chart courtesy of TradingView

The recently-emerging bullish trend took it beyond this, and while the price…

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