What is Bitcoin?
Bitcoin, like Litecoin, Dogecoin, etc., is a form of Digital Currency (Cryptocurrency) that can be used to purchase online goods or services to any online store around the globe. Bitcoin was invented by Satoshi Nakamo in 2008, an open-source payment peer-to-peer system software. Transaction are verified by network nodes and recorded in the block chain.
3 ways to obtain bitcoins:
One way to obtain bitcoins is by purchase, but first, you need to have your own bitcoin wallet, like blockchain, coinbase or xapo. You can buy and sell bitcoin through your localbitcoins.com, coinbase or xapo. Obviously, it will cost your hard earn money.
Another way is to mine bitcoin, but it requires computer with good hashing power, but this is not profitable in these days. Mining is base on difficulty factor, hash rate and exchange rate versus your computer hardware and power consumption. For a 1 GH/s with 58279339704 difficulty factor you’ll get 0.00000863 BTC per day / 0.00026265 BTC per month, the amount of Bitcoins you can get depends on difficulty factor. The difficulty factor may rise or fall depends on the total amount of computational power in the network. If you plan to mine, you might want to join a pool. A pool is a group of miners combining their computer power for mining bitcoins. And you will get a share depends on your computing power.
Bitcoin Faucet is the easiest way to obtain bitcoin without spending a dime. Bitcoin faucets reward you in satoshi, named after satoshi nakamoto, which is a fraction of bitcoin like a cent in a dollar. There are thousands of faucets you can claim 24/7 for free bitcoins. Bitcoins faucet get their revenue from advertisers, in which they give free bitcoins for visiting their site. To claim free bitcoins, just enter your wallet address and click on the claim button and get rewarded for random amount of bitcoin. Below are some good faucet you can claim free bitcoin.
Moonbitcoin. You can claim bitcoin every 15 minutes from this faucet. Reward is increasing over time if not claim. So if you miss to claim today, the following day reward is bigger and increasing. The Bonus: a random bonus reward from 1-100% that can double your reward for every claim. A loyalty bonus increases by 1% per day, up to a maximum of 100% which means the faucet payouts are doubled and a chance to get a bonus up to 300%. Make a claim at least once daily to get the loyalty bonus.
Freebitcoin. A faucet that pays from 800 to 80,000,000 satoshi randomly every 60 minutes.
Bitcoin Zebra. Pays between 100 up to 3,000 satoshi every 60 minutes. With the average payout of 800 satoshi per hour.
Freesatoshi. Payout is 1000 satoshi every 60 minutes.
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