Freebitcoinz changed their dispense amount (again)

One of the most generous Bircoin faucets that I have ever found, Freebitcoinz, was not long ago giving away 4000 Satoshi every 24 hrs. It was supposed to only take 25 days to cashout, meaning you have reached the amount of 0.001 BTC.

The faucet gave 1000 Satoshi for a daily visit and another 3000, just because they can, and we were all very happy. Then, due to a "sudden surge in popularity of this website and the increasing value of bitcoin", the amount of Satoshi from the Extra page a.k.a. Just-because-they -can page, was reduced to a 2000 Satoshi, making a daily dispense of 3000 Satoshi.

Then, couple of days ago, when I visited for my daily share, I noticed that they once again have reduced the amount of satoshi giveaway from the extra page, this time to 1000 Satoshi, making a daily dispense of 2000. On the plus side they have removed the "not interested" pop-up, which is actually no plus at all imho.

I can't blame everyone for wanting a piece of the pie, after all, Freebitcoinz is one of the best faucets out there. I love them, and I hope they continue to rise and still take care of the people joining in. I mean, if the dispense keeps dropping so should the cooldown period and the minimum payout to keep us happy and coming back.

Have a different opinion?
Feel free to share it, I'd love to chat with y'all

What is Bitcoin, anyway?

Freedom - Justice - Truth

You've probably heard about Fitcoin, saw it on the news, read it in the paper, your friends are talking about it. An you may wonder, what exactly is Bitcoin? Where does it come from? What is mining? Can I buy stuff with it, is it legit?

Well, Bitcoin is a peer-to-peer electronic currency, actually it is the first implementation of a concept called "crypto-currency". It was first described in 1998, but the first specification and proof of concept was published in one year later, in 2009 by Satoshi Nakamoto (a Japanese name that roughly translates as "Thinking clearly inside the foundation"). To this day, no one knows who he is, if he is one person or a group of people.

Bitcoin is decentralized, which means no bank, organization or government is controlling it. Currently, here are 12 million coins in circulation and the number of Bitcoins that will ever exist is 21 million. New 25 coins are generated with each block and this will be halved every four years.

So what does it mean the coins are in a block and how do people get them out of it? Well this video explains it very well:

Besides mining, you can obtain Bitcoins by purchasing them in one of the cryptocurrency exchanges by paying with fiat currencies such as USD and EUR.

Another way is to visit sites that are giving you Bitcoins for free, they can be either paid-to-click sites, faucets or even games.

So why does Bitcoin has value? Well, Bitcoins have value because they are useful as a form of money.  As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.

Nonetheless, there is a possibility that Bitcoin will lose its value, similar to what can happen to fiat currencies. There is always potential for technical failures, competing currencies, political issues and so on. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

So you may still wonder, is Bitcoin legal? Well, the answer to this question is yes, it is legal, as long as don't you use it for illegal activities, doing shady business and buy/sell black market stuff.

Get free bitcoins, no investment

Hi there bitcoin gatherers!

In this post I will share with you the best get-free-bitcoin sites I have found so far.

Faucets

Freebitcoinz: My most favorite so far. Earn 1000 satoshi (0.00001000 BTC) for just visiting the site plus 2000 satoshi (0.00002000 BTC) to view an advertisement, or a total of 0.00003000 BTC every 24 hours. They have great referral program where you get 50% of what your referrals make. Minimum payout is 0.001 BTC (which will take about a month if you don''t have any referrals).

freebitco.in: Get up to 0.22 BTC every hour and play the hi-lo game to can multiply your winnings. Also, you can make a massive 50% commission on all free play earnings made by your referred users. Minimum payout is 0.00005460 BTC.

Dailybitcoins: Win up to 0.0003 BTC every hour. Also, you can obtain one of more than 50K vouchers 0.00001BTC each for either Daily Bitcoins advertising credits or Peerbet credit. Be aware that voucher expires in 2 minutes or if you refresh your webpage. You can start up your own advertisement on their site, starting 0.0001 BTC (10 vouchers). Minimum payout is 0.0001 BTC.

Hotswap: Get up to 2000 satoshi every hour. Cashout is 0.0001 BTC. Referrals get you 10% of every dispense.

DailyFreeBitcoin: Earn up to 500 satoshi every hour. Minimum payout is 10 000 satoshi and referrals give you 10% of every dispense.

MMOclub: Earn up to 500 satoshi every hour. Minimum payout is 10 000 satoshi and referrals give you 5% of every dispense.

Coinbooster: Earn up to 999 satoshi every hour. Minimum payout is 100 000 satoshi and referrals give you 5% of every dispense.

bitcoinfaucet.tk: Get free bitcoins every 6 hrs. Minimum payout is 0.00005430 BTC

LandOfBitcoin: Get BTC from 60+ working faucets in one place. You can get ~8000 satoshi per round.

Games

99.9% dice: Hi/Lo game with free faucet. Get 0.000002 every hour and multiply them.

Bitcrate: Break a crate and get free Bitcoins game. You could get as much as 800+ satoshi, or 0. Visit every 24 hours

Tasks / click ads

Bitcoinget: Get up to 0.0003 BTC for completing small tasks or watch videos.. Minimum payout is 0.00009000 BTC. The referral program gives you up to 10% of your referral earnings.

BTC Clicks: Earn up to 0.00000584 BTC per click. Every day 30+ ads to click on with a ~10 sec duration.

Bitvisitor: Get up to 3 uBTC for surfing the web. Payout is 60 uBTC every hour.

This list will be updated regularely with new sites that give free bitcoin, so stay tuned.

Happy gathering!

P.S. Feel free to post your referral links in the comments but please don't abuse it.