What is a faucet?
A faucet is a reward system that dispenses small amounts of cryptocurrency to visitors who claim in exchange for completing a task or captcha. A faucet gives a fraction of a Bitcoin called Satoshi or any other cryptocurrency being dispensed by the faucet for example Bitcoin Cash, Litecoin, Dash, Dogecoin. The amount of cryptocurrency dispensed by the faucet depends on the USD value of the cryptocurrency at that time. The higher the USD value of the cryptocurrency the less cryptocurrency is dispensed.
Why claim from a faucet?
Claiming from a faucet is a great way to start your cryptocurrency journey. It costs you nothing to claim, just a bit of time during the day to make your claims.
What is mining?
Mining is a process where by transaction are verified by means of compiling recent transactions into blocks and then solving a mathematical puzzle. Once the puzzle is solved by the first participant, the transactions are are added to a public ledger known is the blockchain and the participant is rewarded in Bitcoin.
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What is cloud mining?
Cloud mining enables you to mine cryptocurrencies without the hassle of managing your own hardware. Simply put cloud mining uses shared processing power run from remote data centres. However there are certain risks associated with cloud mining that investors must understand before investing in a cloud mine:
Pros: A quiet and cooler home. No huge electricity costs. No ventilation and heat problems caused by hot equipment.
Cons: Potential risk of fraud. Lower profits as operators have to cover their expenses. Mining operation might cease at any time. No control and lack of flexibility.
Pros: A quiet and cooler home. No huge electricity costs. No ventilation and heat problems caused by hot equipment.
Cons: Potential risk of fraud. Lower profits as operators have to cover their expenses. Mining operation might cease at any time. No control and lack of flexibility.