The Virtual Currency Revolution and how to get free Bitcoins
Monday, 02 January 2017.
For the past two months, I have been diligently clicking my time away, trying to get my hands on Bitcoins, with the hope, and promise, of getting Bitcoins for free.
Please note: Now there should be an immediate caution here, that even though you get “free Bitcoins”, you actually only get the smallest fraction of a Bitcoin for free for your efforts of clicking and view websites. You also have to first gather a minimum amount, which differs from each website, before you can withdraw them to your Bitcoin wallet.
You might have heard of this mysterious internet phenomenon called Bitcoins, and its various cryptocurrency counterparts, and have seen how it has gained a very strong value against the dollar over the last few years (at the time of writing it is $1005 for 1 Bitcoin). The appeal in Bitcoins is that it is not regulated by any central government or authority, and can be owned and traded anonymously. The only time that you would need to pay taxes on your Bitcoins is when you exchange it for you local currency into your bank account and then it is up to you to declare any profit made through your investment. The value of Bitcoins, however, remain volatile and can go up or down quite quickly but I have no actual idea how its value is determined.
Now, this might sound like a dream offer, getting free Bitcoins for viewing websites for a short amount of time or visiting an advert invested website that allows you to claim new Bitcoins after a set amount of time, which are called faucet sites, and the fact is that you do get paid in Bitcoins, but you get paid fraction of a Bitcoin, called Satoshis.
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
In general, for each website you visit, at a pay per click site, or the amount of time you wait between claiming your free Bitcoins at a faucet site, which is between 5 minutes to 60 minutes, you can get around 100 to 800 Satoshis. Now, if you do the math then you will see it will actually take you years before have 1 complete Bitcoin. This should however not stop you from getting your hand on this valuable commodity as there are ways to increase your Bitcoins in terms of interest in savings account or investments (which a lot of time turns out to be a scams, so be warned).
Even if you only have a small amount of Satoshis you can still use that to do purchases at many online stores, including Shopify, Steam and a whole range of online and offline companies. Visit https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ for a more comprehensive list.)
Now, this could be seen as a complete waste of time, as you could be using this time to do something else constructive, or it could be seen as an investment (over a long time), or a means to do immediate purchases. If done right, it could work out if you get into a pattern of claiming free Bitcoins, which does not interfere too much with daily life. If done wrong, then it will be a waste of time and you can better spend it elsewhere.
To date, after two months of finding the best sites to get free Bitcoins, I have made about half a Bitcoin cent, that is 0,005 BTC. That alone will show you how long it will take to actually get one whole Bitcoin. I will probably not continue with this pursuit of the Coin much longer, or rather cut down on my daily claiming as it does take up a lot of my time, which I could be using elsewhere to make more money, or to learn something new and increase my skills, or spend that time writing or making music, the things I enjoy doing.
At the end of the post is a list of the better, if not best, Bitcoin Faucets and PPC (Pay Per Click) sites where you can claim free Bitcoins. I have used all of them and they have paid out without any issues. Each link has an ID pointing to my account and if you sign up then you become an affiliate of mine, which gives me bonuses each time you claim, so you help me out in that way.
Check it out, even if just to satisfy your curiosity.
Digital, or virtual, currency is definitely the future of the global economy. Sooner or later we will be using it, if not Bitcoin, but an equivalent. Galactic Credits has a nice ring to it.
p.s. You will need a Bitcoin Wallet to store your newly acquired Bitcoins. Here are three popular online wallets:
Free Bitcoin faucets and PPC sites:
The last four sites in the list above work together in a network, adding your claims to a combined pool, resulting in much higher withdraws.