Coins, Faucet News, Faucets, Giveaway, Guide, Mining, Selling Cryptocurrency

Faucet News: Cointiply Mining Game GpC Rate, FreeBitcoin Promotion, FreeDogecoin Rewards Increase. Bonus: “Hidden” Faucets, Unconventional Solution to “Dusty” Wallets

FreeDogecoin:

how much doge can i earn per hour
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!)

*hint:

“Why has the minimum faucet reward been reduced?”

why minimum faucet dogecoin doge earnings have reduced

…however participants of our Dogecoin Giveaway earn 50%+ more than those too lazy to create/switch/add an account. 😛

Cointiply Mining Game “Fuel” – Gems

cointiply how much are gems
And yes, this is important (to those “earning passive income” by playing the Mining Game)

what are cointiply gems for
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…

gemsss
…one faucet roll is enough to forget about “Gem Mode” for a day…
is cointiply loyalty bonus worth it
…or two, if you have a 100% loyalty bonus.

*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.

Screen Shot 2018-10-21 at 4.09.38

Remember:

“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.”

(wink-wink)

FreeBitcoin

fbc

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. 

faucet with no captchaearn bitcoin 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.

 


 

cloud mining faucet exchange
Est. 2013

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.

eobot faucet
“+0.03001822 GNT added for visiting our Faucet page”

LuckyGames

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.

cryptocurrency casino
Directions: bottom left – lowest button on the bar… a click brings up the faucet menu.

Strengths:

  • 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.

    cryptocurrecy casino miimum bet 1 satoshi
    LuckyGames.io currency exchange

    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.

Coins, Important, Mining, News, Scams

DogeMoon scammers = closed.

Surprise!

DogeMoon.cc
As we expected, predicted, warned, explained… DogeMoon.cc were proven to be scammers.

We are happy that, unlike TeslaMining, our Review (READ: DogeMoon” Dogecoin Cloud Mining Investment – Review (part 1) ) was persuasive enough to discourage the registration of referrals, despite the presence of the referral link.

Why did we insert the referral link, if we did not want users to register on the scammy criminal operation? 

To test the extent to which our readers trust our warnings.

DogeMoon = Scam.

Be careful out there.

Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Faucets, Featured, Markets, Mining, News, Scams, Signals, Trends

Ode to Dogecoin

Upon our first visit to Freedoge.co.in today, we noticed that the minimum roll win amount has dropped down to 0.17 (it was at 0.21 Dogecoin per hour minimum just a few days ago) DOGE.

dogecoin
(Quiz – ask yourself – What does this indicate?)

Continue reading “Ode to Dogecoin”

Coins, Faucet News, Faucets, Mining, News

DogeMoon – Dogecoin “Cloudmining” adds… a faucet.

In between our lengthly scam/or/not reviews…

Previously On..: DogeMoon” Dogecoin Cloud Mining Investment – Review (part 1)

…while contemplating choosing the lesser of two evils whether to risk withdrawing or risk reinvesting our Dogemoon “earnings” …

Dogemoon has introduced an hourly Dogecoin faucet.

Everything is pretty much as straightforward as it gets.

1. Register using your Dogecoin wallet address, which you will later use for login (no e-mail/password necessary)
2. Solve Captcha to claim free Dogecoin every hour (timer included)
3. Watch your free Doge balance grow.

claim free doge every hour free doge hourly free doge free dogecoin

Warning: The faucet info is not even featured in the FAQ section yet, thus it is unclear what the minimum and maximum free Doge rolls are, it is unclear whether you will be able to invest your winnings or withdraw your winnings at 100 DOGE and 50 DOGE respectively, as per the “cloudmining” terms.

NOTE: Ask yourself, would a cloudmining service will add a free cryptocurrency giveaway out of generosity, or to attract even more traffic/users/”investors”? 

Guess, for now, it is what it is. Perhaps, a cause for cautious optimism, – services which are about to go bust rarely add new features.

DMYF does not offer investment advice and does not condone investing cryptocurrency in cloudmining services. 

Coins, Editor's Choice, Featured, Mining, News, Scams

DogeMoon” Dogecoin Cloud Mining Investment – Review (part 1)

29.01.2019 update: this is an archived article. Learn from our mistakes! Do not take our warnings lightly!

DogeMoon dogecoin invest review
Since we just do not learn from our mistakes and despite our own recommendations regarding never ever ever “investing” ANYTHING into “mining” websites, 99.9% of which are Ponzi schemes (you will get lucky if you jump on the train early on and you will lose all your moneys if you are late to the ball), we have come across a recommendation on (!) FaucetHub (!) forum (!!!) which we followed (!!!) and “invested” our entire DogeCoin savings we earned from MoonDoge Faucet into testing another “Cloud Mining” company.

invest dogecoin
Goodbye, hard-earned Doge…

We previously reviewed Tesla Mining, which boasted promising free hashpower, so we did not have to actually spend any crypto then. Now, we decided to go all in. Why?

Off-topic:

DMYF is a non-profit portal. What little we earn from referring users to Faucets (and spending hours writing guides, articles, news, etc.) we use for:

– Testing Exchanges
– Testing Faucets
– Testing Wallets (e. g. how fast Coinpot releases funds)
– Exposing scammers, – making sure a criminal does not run away with thousands of your dollars.
– Improving our Website (this is where we need your kind help, – read more)
Giving it away to you, our readers.

As you can see we are willing to spend our own crypto to test a service or expose a scam. For the sake of your safety.

We believe in our cause.

Back to DogeMoon.

So, it took about a DAY for our deposit to reach DogeMoon‘s autogenerated deposit address. We were starting to get nervous, but eventually…

multiply your doge
A deposit of 252.18 Doge has reached the Cloud Mining service. DogeMoon offers 4.5% a day from amount of your deposit.

So, not so long ago we checked our balance to find out that…

dogemoon legit or scam.png
…we have reached the minimum withdrawal.

Now, we are faced with a dilemma: DogeMoon offers its users to “reinvest” the Doge they “earned” instead of withdrawing them. Tempting?

moondoge withdrawal.png
Not really. We want to make sure that DogeMoon pays out what it promises to pay out.

However, being careful and cautious, we go to the FAQ section to find out that…
moondoge minimum withdrawal amount.png
In addition to the minimum withdrawal amount, there is a 4 Dogecoin transaction fee.

Red Alert! Warning bell! 

Why?

Because Dogecoin notoriously charges very little for wallet to wallet transactions. 4 Doge commission on 50 Doge is nothing but robbery. 

Coinpot.co charges nothing for Dogecoin withdrawal (50 Dogecoin minimum).

CoinExchange, a cryptocurrency exchange charges 2 Doge for withdrawal.

LiveCoin, a cryptocurrency exchange charges 2 Doge for Withdrawal.

Why is this important?

Because it is a sign that MoonDoge is a Ponzi scheme and not a legitimate operation. DogeMoon’s primary source of income should be mining, not transaction fees. 

Contemplating on that, we remember another issue: it is well-known that Coinpot.co addresses often do not work for deposits. We have contacted Support about this issue (waiting for a reply). Since we do not want our Doge lost in transition, we want to change our withdrawal address. As expected, there is no such function anywhere on DogeMoon.

Our only option is to contact Support. At the very end of the FAQ page, we find the following:

“HOW CAN I GET IN TOUCH WITH YOU?

Only very important questions, otherwise we will not answer. admin@dogemoon.cc”

Oh, wow. ORLY??? Do not even bother to contact the administration with a general knowledge question. Make sure your question is important. The administration is very busy trying to multiply your Doge.

Dear Readers, please note that it takes no more than a few hours to construct a website like DogeMoon for a small team of experienced web designers. Maintaining the website is not building the Great Wall of China either. 

Now, why is it so difficult to reach the owners of Ponzi Scheme Cryptocurrency Mining websites?..

We have sent an intro e-mail prior to depositing the Doge. Naturally, we received no response. Now we have sent an email asking whether it is possible to change the Dogecoin withdrawal address. We will be surprised if we will receive a reply, however hope dies last…

Staus quo: 50 Doge lies on DogeMoon hanging. 

We are not sure we will receive the profits to our Coinpot Doge address, -previously we received an “invalid address” error when trying to transfer Dogecoin from CoinExchange cryptocurrency exchange to coinpot.co, so instead we transferred the Doge to LiveCoin cryptocurrency exchange wallet, as we thought the issue had to do with CoinExchange…. The transfers to coinpot.co wallet were intended to benefit from low exchange rates (but that is a story that deserves another article). Both LiveCoin and CoinExchange are reputable companies, unlike DogeMoon which is, pardon our French, dodgy as fuck.

Since we do not expect a reply for hours and, besides, we do not even know whether our query is important enough for the DogeMoon administration, we are choosing the worst possible option.

Since we believe that money should always be working to make more money, we decide to “reinvest” our “profits. 

invest doge multiply doge doge mining doge profit mining passive doge mining cloud doge mining
…only to find out that…

invest doge low minimum payout

The minimum reinvest amount is 100 Doge.

Was it mentioned anywhere in the FAQ section?

Hell no.

Red Alert. Mayday, Mayday! Warning Bell!

What’s the panic? Well… CloudMining Websites are short-lived.

DogeMoon Dogecoin Cloud Mining Investment Vehicle: Preliminary Summary and Part 1. Conclusion:

how old is dogemoon how old dogecoin cloud mining
As sceptical we are regarding DogeMoon’s legitimacy, we do not doubt that the Dogecoin payout figure is correct. However, what one must focus his or her attention on is how many days DogeMoon has been running for. Hopefully, “why is it important” is a hypothetical question. Subjectively, we feel that our investment is in serious risk.

Circa 20% of our initial investment is ready for withdrawal on day 5.

If you have 100 Dogecoin, you can trust in goodwill of DogeMoon’s owners and “invest” the funds in their Cloud Mining operation. There is no evidence that DogeMoon actually uses the funds acquired from investments towards expanding their mining business.

All you need is a Dogecoin address (do not use your Coinpot address as we did!), which acts as a login. You do not need to create an account to start “earning” the advertised 4.5% ROI a day. Minimum withdrawal is 50 DOGE, minimum investment is 100 DOGE, minimum reinvestment is 100 DOGE. Your earnings are calculated in real time. Other users’ investments and payouts are demonstrated in real time.

Note: your deposit lasts 30 days.

Q: Is 4.5% daily ROI a lot? 
A: It is insanely a lot. Freebitcoin offers 4.08% annual return, or 0.0109589% daily return on your Bitcoin savings, – that is realistic. What DogeMoon promises is viable only as long as new users keep registering and sending their Dogecoin to the website’s address. That is, unless the creators of DogeMoon know something about economics, cryptocurrency, investments and mining that we don’t.

Q: What is a Ponzi Scheme? You keep mentioning it in relation to mining websites…
A:
See above. A Ponzi Scheme is a financial pyramid which is sustainable as long as investments in the system grow exponentially. Ergo, the first “investors” will receive their “profits” which are generated by people who “invested” funds at a later stage. There is a timer before it all explodes. Since cryptocurrency market is poorly regulated, the amount of scammers using a century-long trick to fool people out of their money is incredible. We are doing our best to warn and educate users about a simple fact: if something is too good to be true, it is too good to be true.
Practical example: Tesla Mining.
Further reading: https://en.wikipedia.org/wiki/Ponzi_scheme

Q: If you are so sceptical about DogeMoon, why did you spend your Dogecoin?
A: To demonstrate the degree of our involvement in testing cryptocurrency services. To show that we are not lying when we state that our mission is to make the crypto world a tiny bit safer. The doge invested in DogeMoon were earned through Moon Faucets. We do not like reviewing mining businesses; alternatively we would have used the Doge to test out LuckyGames, – a cryptocurrency casino!

Q: Are there LEGITIMATE Cloud Mining operations? 
A: So far, Eobot’s Cloud MIning service has not gone out of business and has been around for a long time, as these businesses go. Apart from Cloud Mining, Eobot offers a faucet and some other features. Our review of Eobot is pending. In comparison to DogeMoon, Eobot seems more legitimate.

Aside from that, the only vehicle which we would trust when depositing our funds is Freebitcoin.

Q: Is DogeMoon associated with MoonDogecoin?
A: NO! DogeMoon is exploiting the name of a popular, legitimate faucet which does pay out Dogecoin. Want to add legitimacy to your shit brand? Try to associate with something popular. CCRB’s CEO shakes V. Buterin’s hand on a summit CCRB sponsored? That photo was the reason CCRB sponsored the forum. Vitalik Buterin will NEVER appear anywhere close to a CCRB official. CCRB’s CEO signs a deal? The caption mentions “Canary Wharf offices”. Tesla Mining mentions an address? They have an office! Moreover, it is a London address! Must be legit!.. Disgusting, right?..

…or maybe, sometimes Moon is just a Moon.

Q: If you keep repeating how risky Cloud Mining investments are and review DogeMoon negatively, why do you post referral links to their website?! Isn’t that hypocrisy?!
A: No. First of all, referral links help us track the number of people interested in our articles. Secondly, should a visitor find the article informative, decide to create a DogeMoon account and manage to make a profit, why should we say “no” to some extra income from DogeMoon? The referral income does not come out of a user’s pocket. Finally, this article is merely part 1 of the review. We will publish part 2 in five days time; a lot might change in five days.

P. S. We do not offer investment advice, we do not recommend investing in Cloud Mining operations, we do not offer financial advice. All information mentioned above is a reflection of personal experience and is published for entertainment purposes. When making a financial decision, please contact your financial advisor.

To be continued…
Editor's Choice, Mining, News, Scams

Tesla Mining – Legit or Scam?

Dear All,

As predicted, Tesla Mining turned out to be a 100% scam.

When trying to open the Tesla Mining website, we get:

tesla mining scam bitcoin free hashpower scam

We have warned our readers previously and we mentioned numerously that “bitcoin mining” websites which encourage you to “invest” in mining, promising 100000% returns are typical Ponzi schemes.

If, by any chance, any of you have spent your Bitcoin or fiat currency on those websites, we hope you will not be fooled again.

Please remember, – if something smells like **** and looks like ****, it is most likely CCRB (jk) ****.

Read more about our brief investigation:

Tesla Mining

Tesla Mining – “free” Bitcoin Mining… What’s the catch?

Q: Are there reliable ways to multiply your Bitcoin (or other cryptocurrency)?

A: So far, the only service which has a history of payouts and has not been accused of scamming or stealing users’ investments is FreeBitcoin’s “saving” scheme.

Starting with a minimum deposit of 30000 Satoshi, a user will earn daily interest (4.08% p. a.). Anyone can invest their Bitcoin at any time, withdraw the Bitcoin at any time and watch the investment grow daily. FreeBitcoin is one of the oldest Bitcoin services (established in 2013).

Please note that we do not offer investment advice. We do not claim that FreeBitcoin is a Swiss Bank. However, compared to various Tesla Minings, which appear out of nowhere and disappear into nowhere with your money, a service that’s been around for five years and which offers a modest ROI would be our personal choice.