Wednesday, August 1, 2018

Free Mining of Cryptocurrency Using Coinpot: The Bitcoin Faucet Experiment (1)


https://coinpot.co/


Use Coinpot to Earn Crypto For Free
Bitcoin Faucets are a great way to obtain cryptocurrency if you don’t have the funds to invest in Bitcoin, but still want to invest in this growing asset class. Who knows what Bitcoin will be worth in 7 years.

Mine Bitcoin Directly From Your Computer
You don’t have to be wealthy to invest in crypto. You can mine Bitcoin and other cryptocurrencies through what are referred to as “Bitcoin Faucets”. To make a “claim” on one of these Bitcoin faucets all you have to do is register and follow the claim instructions. Claim instructions generally tell you to click on a captcha that proves you are human to make the claim.

What are Bitcoin Faucets?
A “faucet” is a term used in the cryptocurrency world. It means a place where you can go to claim a small amount of crypto (like 1% of $.01). There are hundreds of faucets out there. Some are scams, some are real.

At first I (like many others) dismissed this as a Ponzi scheme. It isn’t. You are investing your time, nothing else. Faucet owners get paid by advertisers and in exchange they give you a portion of those earnings. I’ve been doing it for about a month and have made a successful withdrawal of coins to my wallet. I’ve also researched these faucets and they are highly reputable.

All you need to sign up for the faucet is an email address and a computer. Never give your ID, address or any payment information to any faucet

Bitcoin Faucet Claims Are Small
Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. One year later at $3.19, $100 would have bought you 31 Bitcoin. In 2013, Bitcoin really took off to $724. Six months ago, in June 2017, no one thought Bitcoin could go much higher than $2,500. At the end of 2017, Bitcoin was trading for $13,170.

No wonder people are fascinated with Bitcoin as an investment.

The biggest complaint about Bitcoin faucets is that “the amount of the claim is small.” If you are already wealthy or got in on cryptocurrency 7 years ago, I can understand your concern. Bitcoin faucets make small claims, but you never know where Bitcoin will be trading in 7 years. Still, this is a valid concern, especially for people with bills to pay and no extra time on their hands.

The truth about rising concerns:

1) The amount is small, but there are ways to maximize your earnings. Each faucet, like a game, has a few secrets that can greatly increase your earnings, sometimes by 500%. I’ll explain the key to maximizing your claim amount for each faucet in a moment.

2) You can’t make a decent income by yourself, you need referrals. Those referrals must be users as well. It is not enough to simply give someone else your referral code. You also need to help them optimize the claim amount.

3) Bitcoin is the front-runner and the fastest growing asset class in the world. Bitcoin is highly volatile and tends to go up over time.

4) These faucets give out more than Bitcoin. They also give out Bitcoin Cash, Litecoin, Dash and Dogecoin. You are actually earning a diversified set of cryptos. Each one of these is on the top 50 list of cryptos by market capitalization, which is to say they have a lot of growth potential.

5) Finally, think of your daily claim potential as you would interest on savings. The amount may be small, but it has the potential to add up over time. Also keep in mind, inflation is going up.

The value of a dollar in savings may not be worth what it is today. Much of the interest in Bitcoin is due to a loss of interest in the US dollar.

What will I be compensated for this experiment?
You will be compensated in the crypto that you earn.

Why only 100?
In my research model you only need 100 referrals to optimize your results. Of course, you are always welcome to do more. As you grow your referral base, you may want to limit the number of people as well.

You need to be able to answer questions and help each person, regardless of their level of understanding. In fact, if they know how to use faucets already you can show them the tips I provide, but you may not want them in your 100 referral group. Not that they won’t be a good referral, but because the goal of the experiment is to help those who can benefit from this the most. This is social entrepreneurship at its best. You benefit the most from helping those that need it the most.

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