What is bitcoin

Took this straight from Wikipedia

Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

There have been various claims and speculation concerning the identity of Nakamoto, none of which are confirmed. The system is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account.

Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency.

Bitcoin is often called the first cryptocurrency, although prior systems existed and it is more correctly described as the first decentralized digital currency. Bitcoin is the largest of its kind in terms of total market value.


Wallet

You are going to need a wallet, I use blockchain seems to be the most popular, a link to the main site is at the bottom of the page.

Please check out all the sites I have been using in the blog archive list

FreeBitCo.in

So this site allows you to earn free bitcoin every hour with a digital roll, there are a few prizes you can win I have never won anything bigger than the second one down.

But I am hopeful I may hit one of the big prizes one day.

But as well as BTC you earn 2 free lottery tickets and 2 reward points with every roll.

The lottery is drawn each Sunday and below is last weeks prizes (29/01/17)

top prize nearly 3 bit coins, now you may be thinking yeh but I bet you need millions of tickets to win, well look at 10th only 264 tickets. You can buy tickets with BTC and reward points if you want to increase your chances.

Now I have been building my reward points using this strategy, on a weekend I can do more than 12 rolls in a 24 hour period, as I don't sleep much I am able to do about 16-18 rolls. I have been spending my reward points to buy the following.

So I bought the first one and it allowed me to add extra reward points each hour, did this a couple of times until I could afford the next one up, that was an extra 10 reward points per roll, now I have done this one a couple of times and next weekend will be doing the 50 reward point one. My goal is to get to the 100 reward option, I should be there in a week or so. the plan then is to start buying these packs

this allows you to spend reward points to increase the pay outs so I want to build up to the 1000% mark, so this will mean each hour instead off around 200 satoshi I will be getting 2000 per hour.

With all of the faucets I have used so far it is all about slowly building the rewards so that you can earn more money, this just takes time so be patient.

Also on this site you can gamble your BTC, bit of advice don't the odds are against you and when I first started I lost every satoshi I earned very quickly.

Like all the other sites I use this one makes you prove you are human but other than that I have had zero pop ups from this site.

Please use this referral link - Thank you

Moon Bitcoin

I have been using moon bitcoin for a couple of weeks now, I have had two payments into my bitcoin wallet very small amounts 20,000 satoshi the first week and 125,000 the second week, I earned 100,000 extra the second week by doing one of the surveys.

The site is very easy to use and navigate, once you have registered you just load the page and click 'Claim Now' and a pop up comes up asking you to complete a captcha

These do become annoying but you get used to them.

This site has a varying satoshi claim rate, this depends on the time between claims, if you have the time you can claim every 5 minutes or you can leave it for days, below shows the rates.

My advice would be to log in a couple of times a day and build up your daily bonus level, there are several bonus percentages you can get

You get a daily bonus, this climbs 1% per day, next is the referral bonus, then the offer bonus, this is increased by completing surveys etc. and finally a mystery bonus, each claim this varies from 1% to 100% (which I did get once)

There is one down side to this site and that is with every couple of claim clicks you get a pop up taking you to another website, but they have to make their money somehow that's how they pay us, its not really free. I would advise also helping them out, click a couple of their ads if they are making money then we are to.

There are other ways to earn on this site but be careful most are not free and will cost you, however I did one of the surveys, took me about 15 minutes and earned 100,000 satoshi.

So here is the link, go and get some free (almost) money.