Tag Archive: bitcoin

Crypto Faucet Awards 2015

Let’s face it Crypto Faucets can be hit and miss. We’ve tested hundreds over the last few months and have come up with a robust list of sites that give good rewards, almost 100% reliability and regular consistent payouts. Grab some free crypto at our recommended faucets before everyone else joins the crypto party!

Best Bitcoin Faucets

Winner:
Moon Bitcoin – Pays out as often as you like (your total grows in between claims) Visit Site
2nd:
Bitcoin Zebra – 1k to 3k BTC satoshis every hour plus great bonus chance Visit Site
3rd:
Bitcoinker – Pays every 5 mins 1.2k to 3k satoshis Visit Site
4th:
Free Bitcoin – Every hour – chance of big bonus Visit Site
New Kid On The Block:Bonus Bitcoin – Up to 5,000 satoshi every 15 minutes plus bonus and specials Visit Site

Best Dogecoin Faucets

Winner:
Moon Dogecoin – Pays out as often as you like (your total grows between claims) Visit Site
2nd:
Free Dogecoin – Every hour – chance of big bonus Visit Site
New kid on the block:
Blue Doge – 15-700,000 doge every 30 mins Visit Site

Best Litecoin Faucet

Winner:
Moon Litecoin – Pays out as often as you like (your total grows between claims) Visit Site
2nd:
Field Litecoin – Pays out as often as you like (your total grows between claims) Visit Site

Best AudioCoin Faucet

Winner:
Free Crypto – ADC and Multi coin faucet (choose your coin) Visit Site
2nd:
Bleutrade ADC Faucet Regular ADC payouts for Bleutrade users Visit Site

Best Bitcoin Wallet

Winner:
Xapo – has quickly grown to become wallet of choice (with great mobile app) Visit Xapo

Ponzis, Scams, Theft and The Price Of Bitcoin

Christmas 2014 will go down in history as a time when hackers, thieves and ponzis changed everything. As I write this post BTC has sunk to $186 (and was considerably lower earlier in the day), major cloud mining operations have powered down their farms (cex.io and hashnest) and unless the price recovers the whole BTC landscape will irreversibly change.

What has caused the current issues?

Around Christmas Eve several cloud mining operations including PB Mining, Hashie, Hashprofit and LTC Gear suffered hacks or operational issues with a net effect of halting payments to customers. The circumstances and validity of each issue no doubt vary but the consensus seems to be that PB mining could well have been a ponzi although the operators claim the closure was a result of blackmail and personal threats. Hashie claimed a hack although the way they dealt with the aftermath screamed incompetance or ponzi. Hashprofit claimed a db breach although in hindsight this looks like a solid ponzi and finally LTC Gear more believably claimed a hack but the jury is still out as the website has still to recover and they are several weeks behind with payments.

To compound matters, the large exchange Bitstamp had a major breach/hack involving the theft of $5 million worth of Bitcoin. Clearly evoking memories of the Mt. Gox situation, the markets reacted badly to an already depressed value.

So what next?

Some are predicting a crash of epic proportions and the death of bitcoin (many of these doommongers are from traditional financial institutions who are threatened in the extreme by cryptocurrency). Their insecurity is manifesting itself into unprecedented attacks during the ongoing slump. Witness this Guardian article (very naive in it’s assumption that Bitcoin has no use)

Our View

Cryptocurrency is in an embryonic stage similar to the birth of the internet. Such great ideas will always prosper even though the naysayers will do their utmost to put a ‘spanner in the works’. Our philosophy is to sit tight, buy bitcoin and ride out the slump.

 

Get 50,000 Satoshi Free Now

How to Get 50,000 Satoshi Free Now

Step One

Latium is the first and only truly FREE cryptocurrency.
Sign up today and get 5 FREE coins…and they say nothing in life is free, well they’re wrong! LATIUM is totally free!

latium-sign-up-button-png-i2

Step Two

Download the Windows/Mac/Linux client that you see after registering on the latium site

latium wallet client

Now launch the wallet and let it sync. Then click ‘receive coins’ at the top.
Copy your latium address as shown below then proceed to step 3.

latium-client

Step 3

You should be logged into your Latium account on the website. In the left had menu click ‘Reports’ then “Payouts To Me’. Add your copied wallet address and then click request payment.

LatiumScreenShot2

That’s it! You can now trade your Latium for Bitcoin, Leave it in your wallet to accrue interest or you can get more latium by using your referral link and spreading the word. See below:

1. Open an account at Coinswap to trade in your Latium for Bitcoin.

2. Get referrals buy advertising on BTC Clicks or CoinAds.

3. Leave Latium in your wallet to earn interest (see screenshot below)

Latium Earnings

* Please note: only valid referrals will credit you with Latium and are subject to approval before being credited to your account. Price of Latium will vary and go up or down. 50,000 satoshi for 5 Latium was the price quoted on CoinSwap on 1/8/2014.

Circle launches new Bitcoin exchange service. Time to go mainstream?

Nobody gets me Bitcoins!

Nobody gets me Bitcoins! (Photo credit: zcopley)

The recent Bitcoin conference in Amsterdam saw the launch of a new Bitcoin trading platform Circle.

With a manifesto to smooth the transition of adaptation into everyday use the website’s strapline is “Bitcoin is digital money for the modern world. We make it easy to use—instant, secure, and free. The way money should be.”

The secret here is that the site will seamlessly connect with regular debit/credit cards and handle the crypto conversions on the fly. Currently the service is free and users need to request an invite to take part. Founded by former Brightcove CEO Jeremy Allaire, Circle has already raised over $26 million in private capital,

The site has invested heavily in security and compliance regulation. A wise move with the bad press surrounding other large bitcoin exchanges. They’ve promised a $10 credit to all new users too!

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Bitpay introduces test payments for developers

Bitcoin payment processor Bitpay has announced new testing capabilities for developers wanting to explore the payment system in a sandbox or none live data environment.

Bitpay recently acquired over $30 million in stage one funding with investors including the likes of Richard Branson.

English: Industrialist Richard Branson at the ...

English: Industrialist Richard Branson at the Time 100 Gala, May 3, 2010. Photo by David Shankbone. 

Andy Philipson described the feature on the bitpay blog as

‘The BitPay test environment is a scalable, production-like environment that exactly mirrors our world-class payment-processing platform.’

The BitPay test server exposes all of the features of the BitPay payment processing platform including:

Merchant payment processing
Bitcoin Payment Gateway API interaction
Billing
Mobile checkout
Hosted checkout
Catalog items
Donations
Payroll payment processing
Bitcoin Payroll API interaction

Read more at the Bitpay blog

By

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CEX.IO introduces Multipool

One BTC coins

One BTC coins (Photo credit: zcopley)

Cloud BTC and conventional Scrypt (ghash.io) mining site CEX.IO have introduced multipool mining alongside their existing offering of Litecoin, Auroracoin, Feathercoin and Dogecoin.

Unlike other multipools the ghash.io system allows users to convert their block rewards profits to BTC on the fly, thus avoiding the need to exchange on cryptocurrency exchange sites.

Currently in beta, the pool has had some teething troubles with zero payouts on certain coins although the community forum explains that the beta stage will not be 100% trouble free and they are asking for bug reports.

We tried the system and liked the automatic conversion to btc. Multipools have been criticised as damaging the real world possibilities of certain coins and creating havoc with valuations but while they exist it makes sense for miners to make the most from their equipment.

Find out more at CEX.IO or read the support article.

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QoinPro offers free bitcoins and alt coins – What’s the catch?

A 26 segment × 3 exposure (78 frames in total)...

Hong Kong (Photo credit: Wikipedia)

QoinPro.com launched at the end of January 2014 and is growing rapidly. So what is it?
Well erm… you simply register with them and they give you free coins. So there must be a catch then?
Well anything that looks too good to be true usually is but in this case we couldn’t find anything.

The company is based out of Hong Kong and has full transparency. They admit to being backed by private investors and have a ‘fully thought out business plan’. The aim of the game at the moment seems to be compiling a large user database so the plan could be to ‘convert’ these ‘members’ to users of (for example) a new currency exchange.

It’s a fascinating yet simple model and – as the company advertises – you can sign up and get Free Bitcoins every 24 hours.

We signed up and were immediately rewarded with Bitcoins, Litecoins and Feathercoins. Further coins are unlocked after 2 days membership. You get coins on a daily basis and can get bonus coins by referring further users. There is also a credit system that you can use to ‘unlock’ other features using an SMS service. All intriguing stuff!

Find out more at the QoinPro website.

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CEX.IO Bitcoin commodity exchange announce trade fee

cex.io trade fee introduction graphic

In preparation for it’s expanded currency exchange features (including USD/BTC), CEX.IO the cloud mining and commodity exchange has announced that a trade fee will become applicable in the next 2 weeks.

Up until now it has been possible to exchange BTC and LTC etc for Hashing power with no transaction fee. CEX.IO have only charged a fee for maintenance of their mining facility and hardware.

CEX.IO argue that their new exchange features will negate the need for it’s user base to use 3rd party exchanges such as Cryptsy and Coinbase to convert alt coins and FIAT currencies into BTC before being able to use their services.

Their discussion forum has had a few complaints from some users who think that the existing hardware fees can make the system prohibitively expensive for the smaller miners. Others point out that these fees are already imposed by third party exchanges and so the convenience of having the new features on-site will outweigh the new charges.

The charge will be implemented as a 0.2% flat fee and then later will vary between 0.2 and 0.5% based on the number of transactions being made by each user.

Full story at the CEX.IO blog

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