Hourly minimum roll rewards are creeping up (0.09-0.10.0.11). Which means that the Dogecoin trade value is… (who knows the answer? Raise your hand up!)
…however participants of our Dogecoin Giveaway earn 50%+ more than those too lazy to create/switch/add an account. 😛
Cointiply Mining Game “Fuel” – Gems
And yes, this is important (to those “earning passive income” by playing the Mining Game)
Depending on the Mine’s Level, maintaining Efficiency (passive Coin production) at 200% costs from 200 Gems per hour to… more.
When the GpC rate is good…
*hint: Cointiply Mining Game implies risk, can be addictive and is not free-to-play.
However, constructing a building or two and simply claiming Gems once per hour to sell them on the Marketpace for Coins = second Cointiply hourly faucet and an extra way of earning more on Cointiply. A click is enough.
“Gems are used to purchase efficiency and upgrades for your Mine. You can toggle between earning Gems or Coins on Cointiply at any time.
Changing your earning mode will effect all earning methods including offer walls, faucet, videos & PTC. The conversion rate for Coins to Gems fluctuates based on the number of Gems in circulation.”
We are yet to test our “OMG REWARD POINTS ARE AWESOME” theory.
For now, at least consider the fact that Reward Points are used to earn Satoshi hourly with no captcha.
New Content: Preview.
Faucets and Beyond…
As a reminder that DMYF was, is and will be devoted to providing quality, in-depth, educational, but, most importantly, thought-provoking content, it has been decided that our permanent followers get to read about something besides Cointiply during this weekend, even if it will cause a delay in the implementation of cosmetic changes.
Eobot (a multi-currency cloud-mining service we are currently testing; as of now, we can merely state that visiting Eobot is 100% safe and interesting) also has a faucet – is that a well-known .fact? Only one claim per day can be made, but a user can either claim one of many cryptocurrencies featured on Eobot (Litcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Ripple, Dash, Golem, Cardano, CureCoin, NEM, Monero, Zcash, Factom, Bytecoin, STEEM, Lisk, EOS, USD, Gridcoin, and Ethereum Classic), or “roll” a random crypto.
Eobot (or Eobot-like service) is meant to be Destination 2 in the “Earn, Invest, Trade” journey: a faucet user earns cryptocurrency fauceting, learning about the market and coins, gaining some transferrable skills. Faucet earnings can either be used to learn a thing or two about trading, or finding a reliable short-term investment vehicle offering decent enough ROIs, flexibility, access to funds and transparency.
We are not yet confident enough to contemplate purchasing hashpower through investing personal funds, but the faucet is free, generous (depending on the currency, = $0.01 per roll is not a abnormal reward), which means hashpower can be rented (= coins multiplied) using faucet earnings only. The “profits” are hardly worth the effort (although, in the future, who knows…).
Notably, the faucet-cloud “demo” offers an incentive to explore Eobot’s system from within and should not be mistaken for a source of income… which applies to (*spoiler: almost) any faucet.
LuckyGames (also under test) is an online cryptocurrency casino, considered legitimate, safe, fun and not rigged.
DMYF does not promote or encourage gambling. However, anyone following our faucet guides has made more than enough cryptocurrency to… do what? HODL? Trade? Speculate? Invest in dodgy scams? Withdraw to fiat?.. “What to do with Coinpot Tokens” is the most popular question we get. We do not offer financial advice; Coinpot Tokens can be used in many different ways… the worst of them is playing Lottery and Multiplier on Coinpot.co.
Many users actually stare at their Coinpot.co, FreeDoge or Cointiply balances and think: “now what?”
DMYF’s answer: NOW IS WHEN ONE SHOULD ASK ONESELF: WHY DO I NOT YET KNOW WHAT TO DO WITH MY FAUCET/EXCHANGE/INTEREST/TRADING/MINING EARNINGS? MAYBE NOW IS A GOOD TIME TO RESEARCH HOW EASY IS IT TO TURN 0.01 LTC TO CASH? OR IS BCH GOOD FOR HODLING? OR WHERE CAN I SPEND WHATEVER I EARNED AND WHY THE HELL ARE MY EARNINGS STILL NOT ON A REAL WALLET? IS YOUR PORTFOLIO UP TO DATE? DO YOU HAVE A PORTFOLIO?
The worst “now” is gambling the earnings within the faucet the earnings came from because “probably fair” is “probably” fair and (FreeBitcoin is an exception, to a degree). If games of chance is a user’s hobby, DMYF mentions LuckyGames, which is not a scam and a million times more fun than Cointiply’s new
“earnings down the drain innovation” Multiplier.
LuckyGames, interestingly enough, is a casino which has an internal faucet which can be used to replenish your balance whenever it reaches 0… Yes, really. To try out any game, the user does not have to invest a hair of a Dogecoin; moreover, the internal currency has some real-life value (albeit, only at enormous amounts)… …and is acquired via a faucet.
- LuckyGames accepts deposits of 77+ (!!!) currencies.
- Minimum bet in any currency is the market value of 1 Satoshi (!)
- No fee for transferring/depositing currencies to their respective wallets
- 70+ addresses for 70+ currencies which are perfectly maintained and not going “offline” when the coin’s value rises (or falls).
- Security = 2FA, “new IP” warning.
- Pleasant design.
- Cryptocurrency Exchange. Allowing users to exchange any of the 75+ currencies to any of the 75+ currencies. The exchange is what attracted our attention, as it solves problems of “dust” (leftover bits of currencies, usually polluting balances after trades) and… offers a second “chance” for a rookie investor/trader to “correct” a common mistake.Example of a Newbie Mistake (not to be taken for advice!): a coin/token purchased in hopes of to-the-moon turns redder and redder…. and is getting delisted in 24 hours (delisted does not necessarily mean there is anything wrong with a coin; but it definitely can mean that the exchange will “eat” whatever was left of the coin without making a big fuss, apart a very discrete, barely noticeable warning) and trades will either be frozen, or the minimum trade shall exceed the balance…Yet it is possible to withdraw the coin. Withdraw where? Research the creation of a wallet for some random altcoin? Creating an account on yet another shady exchange, possibly facing deposit and trade fees? All for something worth $0.10 months ago and worth $0.05 now?.. Although HODLing “might” be worth it, there is always an option of admitting that:
– Learning about fees, exchanges’ policies, altcoins’ liquidity is a must
– Some exchanges are made to cheat users by silently “delisting” coins
– There are no regulations, nobody to complain to and support will say “you should have read the “News” section…
– Considering researching every coin before purchasing the coin
– Fees change, prices rise and fall, altseasons come and go, innovations appear, the market is volatile and unregulated. There are only 24 hours in a day… yet CoinExchange, Yobit and many others keep introducing new trading pairs. With minimum amounts required for a trade range from 5 to 10 Doge, it is tempting to skip the “research” part.
….depositing “dust” onto a LuckyGames wallet where the currency can be exchanged for other coin,, or multiplied by playing Blackjack…. a 0.000001 BTC minimum bet in any currency. When gambling is the only option, it is not gambling, but a form of an exit strategy with an added chance of winning.
Summary: “stable”, liquid currencies, currencies which have potential to increase in value, even crazy, but “who knows” altcoins (example: Dogecoin), or anything that adds value to one’s portfolio is one category.
“Dust”, dying currencies (inactive team, low market cap), balances on shady exchanges, trade leftovers which can be converted to e. g. Litecoin only by using more :Litecoin to purchase more shitcoin… …to meet the minimum trade amount necessary to trade it back to Litecoin (fees+fees+fees+fees…)… Portfolio is worth $1000, out of which $950 is 4-5 coins of value, rest is 50 currencies representing $50 of dust? Many have been there. Many inactive “dusty” accounts made many exchanges profits.
As Thomas Carter says, “always have a plan”. Even if the plan features a cryptocurrency casino, a plan is better than no plan. A plan that has been thought through is better than just a plan.
Finally, when the ill-researched plan fails and the options are “forget xxxcoin ever existed” (=loss for you, =profit for the exchange), or salvage it through a casino since no exchange accepts a trade below XXX amount of xxxcoin”… (=there is still a chance), the plan is not completely doomed.