Monthly Archive: June 2014

What’s the fuss about Latium?

Latium Coin Crypto Logo

Anybody who reads this blog will know that I’m a big fan of cryptocurrencies that have something different to offer.

Latium is one such currency. Like another favourite of mine NXT, Latium can’t be mined and relies on 2 channels for value and growth. The first channel is the affiliate or referral network. Nothing much new there unless you dig a bit deeper.

[Edit July 5th: The Latium system had a big problem with bogus sign-ups and many genuine referral campaigns had their earnings approved before the loophole was detected. In many cases these ‘approved’ earnings were removed from existing users wallets, leaving a lot of bad feeling on the forums. If you do use a referral campaign to acquire affiliates then please bear this in mind. The admins claim the system has been improved]

Firstly you get 5 coins just for creating an account and downloading the wallet and then you accrue coins by referring others up to a maximum of 99 levels. Don’t forget the first 5 coins are free so this can’t be considered a pyramid scheme.

Secondly and perhaps crucially, if you choose to store the coins in your downloaded wallet rather than trade them they will accrue interest for you. This is clever as it creates a value/need for the coin.

This minting is explained on the website

Minting is performed automatically by the Latium wallet only if the wallet is online and connected. There is no additional work or requirements to mint your Latium. Once your Latium has been confirmed, you will start generating “coin age.” Once your coin age exceeds six hours, your coins will be available to mint new blocks. When you mint a block, the coins used will be placed “at stake” and will remain at stake until 48 blocks have minted. Coins that are at stake are unavailable for transfer. After the 48 blocks have been minted, your initial coins along with the interest gained by minting will be available in your balance.”

At the moment on coin-swap the value of 1 Latium is 0.00009000 BTC – not a bad start – although with a new pre-mined coin the value could fluctuate wildly and any artificial buy orders could soon have an effect.

With any take up or online transaction traction we could see Latium becoming another Doge but with less draw on energy bills because of the absence of any mining need. Definitely one to watch.

Read more on Latium and sign up here.

Free Bitcoins! – A Guide To The Best Faucets – Updated Daily!

Not everyone wants to mine or trade bitcoins. If you want to dabble in Bitcoins without risking your own funds there are numerous FREE BITCOIN resources available enabling you to get some bitcoins for free. We’ve researched these faucets (taps if you prefer the UK nomenclature) and produced this handy list of sites where you can claim your free coins. For Altcoin faucets please see our other guide here.

Don’t forget if you are an absolute starter you’ll need a wallet and address so you can store your coins. Get one free at Blockchain.info

Free Bitcoin Faucets
Site Reward Comments Rating Link
Moon Bitcoin Increases with time! Whenever you want 5 stars visitsite
Spin & Win Up to 500000 satoshi Every 15 mins 5 stars visitsite
E Pay Faucet Rotator 50-500000 Satoshi Rotator 5 stars visitsite
Scratch4Satoshis Up to 10000 satoshi Every hour 5 stars visitsite
Bitcoinker 100-200 Satoshi Payout every 15 mins 4 stars visitsite
Free Bitcoin Varies Up to 0.3 BTC every hour! 5 stars visitsite
Quoin Faucet 200-500 Satoshi Every hour 4 stars visitsite