Bitcoin adventures (English)

It is only my 8th day and I am admittedly still a noob when it comes to Bitcoin and understanding all its nuances. I did spend a few hours looking it up in the beginning, though. I have a fairly firm understanding of technology so it wasn’t too hard to understand the gist of it. And that’s also why I decided to integrate Bitcoin collecting into my daily routine.

This is NOT a post that explains everything I understand about Bitcoin. To save you time, I’ll just lay down the bullet points.

• Bitcoin is real money – It doesn’t have physical form because it’s not tied with any bank or any country making it completely independent and unregulated by any single entity.
• There are TONS of ways to get Bitcoin for free – Too many to list. There are other sites who try to enumerate them as best as they can. I only use two sites but I will be discussing one particular Bitcoin source in depth later.
• Earning Bitcoin for free is SLOW – Some people choose to make this into a career, even investing hardware and lots of time into it. I don’t like that. I happen to like my current job and I value time more than money.

So how slow is slow?

To find out, you need to know how Bitcoin is expressed, as well as its market value. You can always check the most updated exchange rate on the Internet. Note that a dollar is to a cent as a Bitcoin is to a satoshi, but with much much more zeroes.

1 satoshi(or “bit”) = 0.00000001 Bitcoin(or “BTC”)

1 BTC = 2577.01 USD (as of 7/5/2017 10:40 AM)

There are sites that will give you an average of around 100 satoshi per hour by just clicking a button and solving a captcha every few minutes. These are called Bitcoin faucets. They require almost zero time or commitment; if you only use 1 or 2 sites. Naturally the more Bitcoin faucets and drops you want to catch, the more time you’re gonna spend running around the Internet. I honestly don’t think it’s worth it. And like I said, there are a lot more ways to collect Bitcoin. 

But I will tell you about one particular site I have been using a lot.

Freebitco

It’s a Bitcoin faucet that drops about 80 bits per hour but with LOADS of features and ways of winning.

• Lucky roll game – Every hour, you get to roll for a random number between 1 and 10000. Even if you get a 1, you still collect around 78-85 bits. If you hit the better lucky numbers though… well, check out their matrix below. Rolling 10,000 might not look like much, but that amount of bits is already worth $200.

• Free lottery – Everytime you roll and collect bits, you get 2 lottery tickets which are automatically included in the next lottery draw held once a week and there are 10 winners every draw. This is how the payout looks like:

• Free rewards points – You get two of these as well. This is like their internal currency. You can use this to increase your bits collection for 24 hours, purchase more lottery tickets, even purchase real stuff.

 

• Referral system – you can send your unique referral link to your friends and you earn more bits every time they collect bits, gamble, as well as do other things on the site.

 

• Gambling – I honestly don’t recommend this. You use your bits to play their Hi-Low game. I’d rather just play it safe and just collect bits and go back to whatever it was you were doing before. Less time on the site, and zero chances of losing your bits.

 

IMPORTANT NOTE: You must replace the withdrawal address with your OWN wallet ID. To do this, click the Profile button then the Change Withdrawal Address button. If you do not have one yet, get one from xapo.com. If you do not do this, you would be giving your bitcoin to someone else when you try to withdraw.

So that’s it. A few seconds an hour is all it takes. Other sites accuse this site of just dangling a carrot on a stick. But I’ve already won an additional 16,800 bits from 3 lucky rolls. The chance of getting that 10,000 roll is astronomically slim, but for me that’s okay. It’s not like I’m spending any real money or time on it anyway.

Here are the links of the two sites I use including the freebitco site again:

Freebitco

Moonbit – a far more simpler site. Less features. 5 minute drips. Average of 80 bits per hour.

Below are my recommended wallets which you will need to withdraw your accumulated bitcoin:

Xapo.com

Coins – highly recommended for Filipinos!