Thursday, August 10, 2017

Bitcoin faucet

Bitcoin 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.

Bitcoin faucets were developed by Gavin Andresen in 2010.
Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin. Typical payout per transaction is less than 1000 satoshi, 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.
As bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers stealing the bitcoins.
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 tolegality of bitcoin by country.
Learn more about Bitcoin:
bitcointalk.org forum 
bitcoin.com forum 
bitalk.org forum 
bitco.in forum 
bithash.org forum 
money-bits forum 
bitcoin on reddit 
forum.bits.media 
bitcoinforum.com 
bitcoin wiki 
blockchain.info 
coindesk.com 
coinmarketcap.com 
cryptocointalk.com 
cryptocurrency wiki 
cryptocoinsnews.com 
cryptocompare.com 
cryptocoincharts.info 
cryptocoinsinfo.com 
cryptocurrencyfacts.com 

Free Satoshis For All !

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