About & FAQ
This sites provide information on cryptocurrency world
eg. Faucets,Mining,Ads,PTC/CPC,Wallet and other way to earn money or digital currency
What is Cryptocurrency?
a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
What is a Bitcoin?
Good question; see www.bitcoin.org for more information.
Bitcoin Faucets or Cryptocurrency Faucets?
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website.
What is Mining (PoW)?
This is exactly what it sounds like: you earn coin and transaction fee rewards according to the number of blocks you mine successfully. Once a miner or miners has completed the satisfactory mining of a data block, they earn a number of coins, a share of the transaction fees contained within that block, or a combination of the two. This type of mining requires an investor to take an active part in mining data blocks, which helps verify transaction data and create new coins. With proof-of-work mining, if you don't put in the effort to mine, you won't earn anything extra.
Stake Minting (PoS)?
In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.
Individual Mining and Pool Mining?
The good thing about being an individual miner is you get to keep 100% of the block rewards that are awarded when it's done. The bad thing is it can wind up being expensive, in terms of machine use, energy and time devoted to the process. When you use a slower mining algorithm, you may have to set aside a PC or laptop solely for the purpose of mining, or you'll have to purchase an application-specific integrated circuit (ASIC), which will be allocated for mining purposes alone. For many would-be individual miners, the aggregated potential expense can be intimidating.
That's why many digital currency investors join what are known as mining pools. These are formed when a group of miners get together and pool their resources in order to mine. The upside here is more mining can be completed in a shorter period of time, with the expense spread out over several people instead of just one individual. The downside is—just like the box of crayons in kindergarten—you have to learn to share. Any coin and/or transaction fees that are rewarded as a result of mined data blocks must be split equally among the mining pool's members. With faster processing and the higher number of blocks being validated, however, this can work out to be an enjoyable and modestly profitable venture.
Why are there so many ads?
Sorry about that, these ads and short link is just there for a quite time until we have enough money for bigger projects. This upcoming project will be running 100% from your donation(ads,shortlink,direct donation). More details? Lets keep it a secret for now ;)
How to advertise here?
Oh thanks and welcome, you can advertise here smply by hover over the ads icon. Currently we only used advertisement from Anonymous Ads and AdHitz. We have some problem with our old advertisement site CoinMedia and CoinURL but we will try to put them on back.
You can support us simply by visiting our sites regularly or our visiting sponsor (ads) and donate your extra bitcoin here : 1A253U2WmYCKxnGPmP54abay651ba9qcBN (no matter how much, its just a number)
eg. Faucets,Mining,Ads,PTC/CPC,Wallet and other way to earn money or digital currency
What is Cryptocurrency?
a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
What is a Bitcoin?
Good question; see www.bitcoin.org for more information.
Bitcoin Faucets or Cryptocurrency Faucets?
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website.
What is Mining (PoW)?
This is exactly what it sounds like: you earn coin and transaction fee rewards according to the number of blocks you mine successfully. Once a miner or miners has completed the satisfactory mining of a data block, they earn a number of coins, a share of the transaction fees contained within that block, or a combination of the two. This type of mining requires an investor to take an active part in mining data blocks, which helps verify transaction data and create new coins. With proof-of-work mining, if you don't put in the effort to mine, you won't earn anything extra.
Stake Minting (PoS)?
In the truest sense of the word, this isn't actually “mining” per se, since there isn't any additional work required on the part of the investor. All you have to do to earn with this method is to hold coins in a given type of digital currency. Your earnings are based upon the number of coins, or “stake,” you hold. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. This method is very rarely used alone, for it doesn't provide for any actual mining to take place.
Individual Mining and Pool Mining?
The good thing about being an individual miner is you get to keep 100% of the block rewards that are awarded when it's done. The bad thing is it can wind up being expensive, in terms of machine use, energy and time devoted to the process. When you use a slower mining algorithm, you may have to set aside a PC or laptop solely for the purpose of mining, or you'll have to purchase an application-specific integrated circuit (ASIC), which will be allocated for mining purposes alone. For many would-be individual miners, the aggregated potential expense can be intimidating.
That's why many digital currency investors join what are known as mining pools. These are formed when a group of miners get together and pool their resources in order to mine. The upside here is more mining can be completed in a shorter period of time, with the expense spread out over several people instead of just one individual. The downside is—just like the box of crayons in kindergarten—you have to learn to share. Any coin and/or transaction fees that are rewarded as a result of mined data blocks must be split equally among the mining pool's members. With faster processing and the higher number of blocks being validated, however, this can work out to be an enjoyable and modestly profitable venture.
Why are there so many ads?
Sorry about that, these ads and short link is just there for a quite time until we have enough money for bigger projects. This upcoming project will be running 100% from your donation(ads,shortlink,direct donation). More details? Lets keep it a secret for now ;)
How to advertise here?
Oh thanks and welcome, you can advertise here smply by hover over the ads icon. Currently we only used advertisement from Anonymous Ads and AdHitz. We have some problem with our old advertisement site CoinMedia and CoinURL but we will try to put them on back.
You can support us simply by visiting our sites regularly or our visiting sponsor (ads) and donate your extra bitcoin here : 1A253U2WmYCKxnGPmP54abay651ba9qcBN (no matter how much, its just a number)
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