About Latest Posts Latest posts by Dean (see all) My Long Awaited Altcoin Trading Article: STOP BUYING ALTCOINS THEY ARE IN A MASSIVE BUBBLE Orocrypt ICO: Own a share of a gold backed cryptocurrency network Wagerr Decentralized Sportsbook: ICO Crowdsale; ‘Be The House’ Oracle Opportunities Faucets are amongst the most popular Bitcoin-related website out there, with the average site getting tens of thousands of visits every day.The same goes for many altcoins, which also have their own faucets (for example, we run ones for Litecoin, Dogecoin, and Peercoin as well as BTC).But why would anybody want to run a website whose sole purpose in life is to give away free money?Well, here are just a few reasons why you might consider running your own faucet: There are loads of great services and tools out there to help you make your own faucet website.There are also some nice services to help you jazz it up a little – for example Faucet Custom offer design themes to help you get the most out of your site as well as web hosting to keep it running.

One of the most popular methods for creating a faucet is using micropayment services like Faucetbox, Microwallet or Paytoshi, which provide an API for tracking claims and referrals, and usually provide a website script to get you started with a basic site.What you will need to get started: Each of the services mentioned above provide their own website script with a choice of design templates and full instructions showing you how to install it and get a basic website up and running on your hosting account.When a user makes a claim it will be added to their balance on this site, which they can then cash out when they reach a certain threshold.The reason for this is because if you tried to send a transaction for each claim, the whole amount and probably more besides would get eaten up by the miners’ fee.The basic service provided by each one is very similar, but there are still important differences you need to consider when choosing which one to use.Often this type of service will provide the script for free, but charge you a fee each time you deposit coins to your faucet, so you should compare the costs for each one and factor this into your calculations.

They will also offer to help you promote your website through their own list or rotator, so you may want to consider which site is most popular with faucet users – Faucetbox seems popular at the moment but that may have changed by the time you read this.bitcoin lost laptopAlso, each one will offer different template designs, different thresholds for users to cash out, and perhaps different extra features.ethereum schoolAn even easier method is to pay for an all-on-one service, in which your website is set up and hosted for you, and you are just given the ‘keys’ to an admin panel where you can customize its settings.wow ethereum staffOn example of this is the JackPotFaucet Network.bitcoin armory guide

You pay them a one-off fee and they make your site for you and host it forever.You also get to participate in their shared Jackpot, which means your visitors get the chance to win a big prize, which gets bigger and bigger each time somebody visits any of the faucets in their network.euro bitcoin graficoThey also promise to send you free traffic.otizacion bitcoinBe warned, however, that they do put their own adverts in the captcha mechanism within your faucet, which can have a big effect on your ability to monetize the traffic you get.bitcoin exchange thailandIf you are capable of doing it then building your own fully independent site is the best way to go.bitcoin narrow moneyThis way you can take the faucet profit and also the profit which would otherwise go to the micropayment sites like Faucetbox.dogecoin video

This extra profit comes from the fees that faucet owners pay them, but also from users who never reach the threshold and so never cash out their earnings.You also get much more freedom to create a unique user-experience that will attract people to visit your site over the hundred of others that they could go to.You have to really know what you are doing in terms of security, however, as people will try to exploit any vulnerabilities in your site to steal your coins.There are quite a few different ways that you can promote your new site.Here are some of the most common: If you plan on trying to make a profit from placing advertising on your site, then this will be the most important and the probably the most difficult part to get right.Visitors to site like this are notoriously low value, in terms of the advertising income they generate.But there are lots of different methods that you can experiment with:Digital currencies are gaining momentum, and their popularity is boosted by a number of different factors: – decentralization – there is no central bank to control it.

– anonymity – all transactions are private.– crypto-currencies are cheap and convenient – it is instant, with low-cost transaction fees, and no debit/credit card or bank required.Those advantages are clear, but do you know exactly what Bitcoin is?Some people say that Bitcoin is like something in between gold and a dollar bill.It’s not quite a currency, rather a cryptocurrency (no one’s printing it), and it has elements of gold (its limited supply).It is called a “digital currency,” and it is only created and stored online.There is no single entity (governments or banks) to control Bitcoin.All transactions are made “peer to peer,” (i.e.from one individual to another) and all transactions are entirely anonymous.Bitcoins are produced by several users running computer scripts all over the world; these scripts solve difficult mathematical problems and, once solved, an amount of Bitcoin is “released”.These mathematical problems ensure that transactions are anonymous, and it also gives rise to the term “cryptocurrency,” which is often used to describe Bitcoin.

So, it is all math-based, and the process is called “mining”.Bitcoin is used to buy products and services electronically, and there’s an increasing demand for Bitcoin in markets where anonymity and security is essential.The best way to describe a Bitcoin transaction is to compare it with a typical “cash in hand” transaction from many years ago.When an individual buys an item from another individual with cash, there is no government record taken to know that this transaction ever existed.While all Bitcoin transactions are monitored on the “block chain,” much like cash payments, there is no record of the individuals involved in the transaction.Bitcoin does not run through a central bank, and there is no “bank” that controls the money supply by printing or removing Bitcoin from the market.Bitcoin is produced through the mathematical problems mentioned above, and there is a limited supply that cannot be manipulated by anyone, anywhere in the world.The total amount of Bitcoins that will ever be produced is 21 million.