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Wednesday 16 July 2014

Stop Wasting Your Time Mining Bitcoin

For anyone who don't know about bitcoin (BTC), I suggest you read about it first before reading this post. You also can see the video about bitcoin in Youtube. People are going crazy about bitcoin because it is considered a new currency with high value. At this time, the value of 1 bitcoin is around USD620. You can check bitcoin live value at Preev.com.

The highest value ever reached by bitcoin is USD1000. With bitcoin high in value, people are going bitcoin-crazy about it. If you don't know yet, bitcoin can be obtain freely on the internet. With the right hardware, it is easy to mine bitcoin. The hardware that you usually need is the Graphic Processing Unit (GPU). To mine bitcoin, your hardware must be really mean and it can cost up to USD10,000. 
Bitcoin is better than gold


That sounds easy because many people can afford to buy the hardware for their mining rig. The bad news is the mining process is going to be difficult from day to day. We are talking about high-tech mining equipment here. With your home pc or laptop, you can forget about it. 

I tried to mine bitcoin using my laptop once. In a few days, I only can mine 1 satoshi. That is equivalent to 0.00000001 BTC. I know it sounds stupid to mine from my laptop but I would like to try it hands on to see how difficult it is to mine bitcoin. 

Mining is not for everyone including me and all those who have crappy pc like mine. The good news is, you still can get bitcoin in any other way. You can sell something online and tell your customers that you receive bitcoin as payment and you also can buy bitcoin online. 

My favorite way to get my hands on bitcoin is through free bitcoin sites. You don't earn much but it is faster than mining it yourself. Basically I'm talking about earning bitcoin through visiting websites. Here is my best two website where they pay high in commission after clicking and viewing other websites.

Bitvisitor

This is the best website out there and the easiest website to earn free bitcoin. The minimum payout is 0.00006000 BTC. You don't have to cash out your balance. It is automatically credited to your bitcoin wallet. To reach the minimum payout, it takes up to 2-3 days with no affiliate.

All you have to do is enter your wallet address to log in. Enter the capcha image and wait for 5 minutes for the advertisement to finish. There is a counter on top of the website and wait for it to finish and click next to proceed. Your balance also will appear at the timer's banner.

Coinad

The difference about Coinad from Bitvisitor is the amount of ads to click and the amount you receive. Coinad pays much better but it takes longer to pay you. It can take up to 1 week before you can see your earning in your wallet. The minimum payout is 0.15 mbtc.

Coinbox faucets

This is a group of websites that pays you bitcoin when you enter your wallet address. All your earning from these websites are send to coinbox. You can check your balance there. One website will pay you once in every 30 minutes. Your minimum payout will be 0.00005500 BTC. Here are the websites:


Update 18/07/2014
Landofbitcoin.com
This is one website that contain all the faucets above including others. There are 99 faucets listed and you don't have to click to open any other window to view them. In one day you can get up to 7000 satoshi. Enjoy!

There you have it! Those are all the websites that can give you free bitcoins. However, if you think that mining is good for you and fast enough, you can go for it. But in my case, I think I prefer to earn bitcoin in other ways. If you have other websites that you want to recommend, please share them at the comment box.

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