Faucets, Basic Income, How to Maximise Profits, Avoid Scams, Save Time. We Offer Service News and Tests, Guides, Reviews, Ways to Earn Cryptocurrencies Without Investments: Tips, Hints, Tricks. Unbiased, Sincere, Honest: We Are On Your Side.
Still do not hold an account on what we (seriously) consider the absolute best Bitcoin faucet around? Today would be a great time to spend two minutes of your time and do so.
REMINDER: if you register a Freebitco.in account using our referral link, you will regularly receive additional free Bitcoin (…and then we stopped dreaming…), or, rather, satoshi from DMYF, increasing your earnings legally and automatically.
— Just in case… —
A Guide to Overcoming The Infinite Complexity of the FreeBitco.in Registration Process:
1. Clicking the image below, following this link or simply copy-pasting pasting https://freebitco.in/?r=11862541 into the address bar of your browser should let you reach the destination close enough to be able to Sign Up.
2. Make sure that the text field after “Your Referrer” is not left blank or set to 0, but states 11862541.
3. Enter your e-mail address. Freebitco.in has not been known to send spam, but has been known to send free satoshi. Seriously. 4. Pick a password. 5. Solve Captcha which will be different to the one shown above. If the Captcha seems to difficult, clicking the small green “refresh” button (bottom right, two arrows) helps. 6. Click “Sign Up”.
Congratulations. You are in.
– Just another guide. We’re glad we shared it with you. –
Where were we… Oh, yeah. Reward Points.
HOW TO: Change the bonus which is credited along with every one of your free Bitcoin rolls:
Disclaimer: We are not massive fans of lotteries and since (in our subjective opinion) FreeBitco.in Reward Points are far more valuable on average, we dare suggest you visit your Profile page,
then click the blue button which states “Disable Lottery and Interest”,
make sure the option to DISABLE LOTTERY is selected.
Optionally, ask yourself: why would anyone choose to opt out of INTEREST paid DAILY and AUTOMATICALLY on your BALANCE with NO HIDDEN CHARGES and INSTANT ACCESS TO YOUR SAVINGS? Is it choice for the sake of choice, is there some PC (stands for political correctness) rationale, or…? Make sure you have not disabled interest by accident if your balance exceeds 30,000 satoshi. If you do, – pray tel us why.
RESULT: when making your roll, hoping for dem big bucks to lighten up your weekend, should you win some free BTC or free satoshi, you will receive Reward Points instead of Lottery Tickets.
NOTE: Should you wish to return to earning free lottery tickets, you can untick the box to return to default settings.
Sadly, unlike Coinpot Tokens, the exchange of Reward Points to satoshi is offered at a flat rate of 1RP to 1sat. 1000 Reward Points can be converted to 0.00001000 BTC.
Besides, minimum 100,000 RP have to be exchanged at one time… Which prevents impatient users to sell Reward Points below their real value.
Feel free to check out what Reward Points can be redeemed for by visiting the Rewards Section (button highlighted yellow).
Q: OMG! Everything is so expensive! A: Have no fear, DMYF is here. 😉 Stay tuned.
We might not know an overnight method of earning enough for an APPLE IPHONE 8 (256 GB), and even the SAMSUNG GALAXY S9+ (64 GB) is not something we can guarantee to reach your doorstep next week, but we can promise you justice give you hope. For as long as free BTC rolls are made, liberty will never perish.
29.01.2019 update: this is an archived article. Learn from our mistakes! Do not take our warnings lightly!
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.
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?
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…
In addition to the minimum withdrawal amount, there is a 4 Dogecoin transaction fee.
Red Alert! Warning bell!
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:
Only very important questions, otherwise we will not answer. email@example.com”
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.
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.
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: 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.
We used to write about faucets extensively, however our primary focus has always been investments, trading, coins, tokens trading signals and cryptocurrency market news and trends. Regular readers will notice the shift in focus soon, if they have not yet paid attention to the front-page trends.
Sidenote: we get a lot of emails such as “great article… By the way… I just created my first faucet… Could you please review it…”
We appreciate the positive feedback, our worst nightmare is creating a website which looks like a list of faucet links, created purely referral-generation (want examples? Visit Faucethub).
On a brighter note, we are also often contacted with investment opportunities and other cryptocurrency-related topics. That, we are more likely to feature.
We are open to any suggestions and any welcome any kind of cooperation, but we view faucets as a simple way of accumulating some knowledge about cryptocurrencies, or even save up some basic trading or investment capital for your portfolio. With few exceptions, such as Freebitco.in which is also an excellent investment vehicle, carefully ask yourself whether you are going to make a fortune off a faucet.
Especially, if you just try a faucet, use it for a few days and leave it be. Congratulations! You have been fleeced. Not only the faucet owner has generated advertisement (or other) income off you, you did not bother taking anything in return. Thinking of trying a faucet? Try it. But do not quit half-way. Do not let the system win!
What is advertisement income can a faucet generate off you? That is an interesting question. If we take Moon Faucets, the price of an appearance of a small banner is $0.10-$0.15 USD per 1000 views. You do the maths who’s the winner in this equation.
Do not get us wrong, we will still post news relevant to the faucets we featured, publish articles on how to make the most of them, update the Tips section.
Why don’t we just completely get rid of faucets? Because, even today, those 50 doge can kickstart your trading career. Sounds surreal? It is not.
Soon, we will publish a review of the excellent next-generation Cointiply bitcoin faucet (register at Cointiply now) and, after that, dedicate most time on writing about market news, investments, trading strategies, trading signals.
P. S. We are thankful to all those using our referral links; the revenue will either be used for project development; this project is designed as something built entirely using cryptocurrency (hosting, domain name, design), product testing (i. e. testing a new exchange) and the rest will be given back to the community directly (see our weekly giveaway section), or indirectly, in forms of bounties. One of our goals is that one day 100% of every faucet income will be given back to our referrals… So we have a lot of work in front of us.
Yes, that term has already been coined. We would be surprised, otherwise.
The markets have seen worse. Remember the prophecies of doom what happened when China slashed cryptocurrency trading, restricting the search engines from showing anything crypto-related? First of all, when rumours of the Central Bank’s talks began spreading, within a day, bitcoin price in the Chinese exchange market increased by 9.3%, while other major markets (both Western and Eastern) remained stagnant. Momentum was rebuilding in China, despite the ongoing bitcoin exchange ban talks.
Then, for some time, Japan became the Asian cryptocurrency centre and the yen trade volume surged. Surprise! Traders moved offshore. Besides… What is the geolocation of Binance, the leading cryptocurrency exchange by daily trade volume? Demand for Bitcoin in China increased. Japan’s stagnating economy only welcomed the new status:
Takashi Shiono, Credit Suisse, Tokyo: “There are estimates that tax revenue from the cryptocurrency business, including capital gains taxes from individual investors and from corporations, could amount to 1 trillion yen (US$9.2 billion), though that is very speculative at this stage.”
Oh, the price of Bitcoin slumped temporarily, allowing those willing and able to take risks to profit off buying in cheap. Same scenario happened with South Korean government agencies proposed regulation: about 10 days later, the markets were, pardon the slang, like “whatever” (see chart below).
We mentioned the fate of said South Korean regulations previously. Why? There almost was a public uprising!
Why did the price of Bitcoin fall so low over the past days?
There are about 10-15 solid an 25-30 speculative reasons why. We will let Carter Thomas, do that for us. Hey, it’s the weekend. To us, it looks like one of those perfect times when you should go out, meet some friends, watch a film, do some shopping, play a computer game.
Still thinking about the cryptocurrency market and the blood-red of your portfolio? Ok, watch something on Viuly instead and get yourself some free VIU. Shop for virtually anything through the CCRB shopping system, – browse through AliExpress, get yourself a new gadget, buy someone a present or explore some holiday destination at a massive discount and get yourself a flat 25% cryptocashback bonus. Register at Cointiply and play a computer game, earning some satoshi for it. The rewards aren’t great, but you are free to play as often as you like and some of the games are actually cool; the truck arcades and Swoop are amongst the ones we enjoyed testing out:
(please forgive us for our sense of humour; the actual gameplay is fun: flying around amongst pretty landscapes, collecting shineys; but Black CryptoFriday (or BlackCrypto Friday? right?) 🙂
*note: we previously have not mentioned Crave. We will.
*note: all factors considered, almost any CCRB cryptocashback offer, not mentioning special offers, beats a similar cashback offer from a traditional provider, such as Quidco.
*note: we have not previously mentioned Viuly: if you haven’t yet, create an account now; you get 10 VIU for registration and random amounts of VIU for various bounty tasks. The ERC20 token is traded on major exchanges, however withdrawing VIU is a subject for a separate guide. Hint: VIU supply is limited…
“Three recent headlines: DashBoost entering public beta, Dash Watch’s release, and Dash Core now legally owned by the Dash network. These three represent something much more significant than anything currently under development for Dash.”Continue reading “What a Difference a Day Makes”→
According to today’s Friendz newsletter, the platform’s Android app has been finally officially released internationally.
We have previously mentioned that Friendz is an established marketing advisory company and uses the ICO for targeted fundraising. Although the FDZ Etherium token is not yet traded externally (as far as we know) app development usually positively affects the market price.