Nothing is actually free but some are 99.9% free,
depending on your definition for free. Without consulting dictionary, FREE is not physically restrained, obstructed,
or fixed; unimpeded. To be precise, the free I mentioned above is without cost or
payment. This leads us to a currency called BITCOIN.
What is Bitcoin?
Bitcoin is a peer-to-peer currency. Peer-to-peer means
that no central authority issues new money or tracks transactions. These tasks
are managed collectively by the network.
A Bitcoin is the base currency of the
Bitcoin market. It is like how we reference a Dollar or a Euro, and like the
different currencies in the world, the Bitcoin trades at different values based
primarily on speculation, supply and demand.
One of the most attractive features of
Bitcoin is that they are not controlled by any government. They cannot be
artificially inflated or deflated. A monetary authority cannot pump more of
them into the market to boost the economy. Basically, there is a set amount
going out over time and as time goes on the amount entering the market
decreases.
The way that they are entered into the
market is a process called “Mining”. Basically, computers solve mathematical
algorithms to earn the Bitcoin. They are very complex and take a lot of
computing power to solve. The more computers trying to solve the equations, the
harder the equations become to solve, the less you get for mining.
Have I answered the question, of
course yes? For more details, inbox me but if you go thoroughly through this
piece, I had solve the mystery.
How Do Bitcoin Transactions Work?
When a person wants to make
a transaction, they broadcast that they want some of their Bitcoins moved to
another person or companies wallet and within a few seconds, everyone running
the Bitcoin client receives this message. They may send the Bitcoin from their
home computer or an application running on their cell phone for an in-person
purchase. When Bitcoin just started, users would have to enter the exact
address of the recipient and the exact amount of Bitcoin to pay a specific
dollar amount. Fortunately, things have gotten much easier. Here are a few of
the ways you can transfer funds.
Manually using the Bitcoin
client:
The Bitcoin software that runs on
Bitcoin user’s computers has a screen that you can copy and paste the address
of the recipient and type in the amount of Bitcoin you would like to send. It
is a little cumbersome for day to day use, but it is a tried and true way to
use your Bitcoin.
For in person purchases, you will want
to use a smartphone app like Bitcoin Wallet. This allows you to use your phones
camera to scan a QR code that contains the amount and the address provided by
the merchant. These apps do all of the hard work for the customer so they just
has to scan the automated QR code approve the transaction. It takes only
seconds and is easier than cash or credit. Now let’s go through the process of
making bitcoin online absolutely free.
Required Tools:
-
A Personal Computer
-
A smartphone (If you really
love flexibility and comfort)
-
Data bundle (Am sure you
can’t get connect ultimately without it)
-
A Bitcoin wallet
-
And little of your time
(that’s why I say 99.9% free because time is work and work is money)
Start – up:
Get a wallet. You can either store
your wallet locally or store it online. Coinbase.com is an online wallet
that is surprisingly simple to set up. Wallets require you to use or download a
fairly large blockchain file – about 6GB – so downloading and updating a local
wallet may be a non-starter. Like all wealth storage mediums, keeping your
bitcoins “local” is probably a better idea than trusting a web service, but
that’s a matter of private preference. There is no preferred wallet type and
there are obvious trade-offs to both. Privacy advocates would probably say a
local wallet is best.
Once you’ve create a wallet, you’ll get an address like
this: 1BEkUGADFbrEShQb9Xr4pKPtM8jAyiNQsJ.
Take note of your address. You
need to set it up thereby having an identifier id and a password. Visit coinbase.com for a secure wallet, it’s absolutely free and safe. Or blockchain.info but I recommend the former, either ways all is free and
safe.
Where and how to earn
free Bitcoin:
There are lots of ways
to earn free Bitcoin but for the sake of this piece I will recommend two ways
and probably will explain one exclusively.
The first one is MINING BITCOIN. This Topic I will like
to leave for another day but for reference purpose, I have brush through it.
1.
Get a miner. There are a number of
mining options for multiple platforms although OSX users may find themselves in
a bit of a pickle. Miners use spare GPU cycles to power the mining operation,
much like services like SETI@Home uses spare cycles for finding intelligent life.
Miners, on the other hand, use these cycles to help handle peer-to-peer
processes associated with bitcoins. Thus by doing “work” you are maintaining
the network as well.
GUIMiner is
the simplest solution for Windows users as it allows you to create miners using
almost all standard graphics cards. You can download it here. 50Miner is also a popular
solution. Both require you to enter your worker info and pool and they’ll start
mining.
Linux users can run miners like CGMiner. An excellent guide to installing a
miner on Ubuntu is available here.
OS X users can use DiabloMiner, a two-year old command-line
program that will mine using OpenCL. Sadly, it uses deprecated calls to Bitcoin
and is quite a bit slower. As a result, you need to run your own proxy, Stratum that allows Diablo to connect with
services like Slush’s pool. Both of these programs usually run without issue on
OSX although you may need to install OpenCL for OSX.
To mine I’ve created a script that I run in Terminal
that simply runs the proxy in the background and then connects Diablo. Note the
last two arguments are necessary for Mountain Lion.
./stratum-mining-proxy-master/mining_proxy.py
&
./DiabloMiner-OSX.sh -u WORKERNAME -p WORKERPASSWORD -o localhost -r 8332 -w 64 -na
./DiabloMiner-OSX.sh -u WORKERNAME -p WORKERPASSWORD -o localhost -r 8332 -w 64 -na
RPCMiner is far easier to run
– you simply click an icon and enter some data – and both have very
rudimentary, text-based interfaces. Running Diablo on my iMac has not had much
effect on application performance under OS X although it does slow down my
Windows 8 machine considerably.
Keep your mind on your money. Bitcoin are baffling
in that they are wildly simple to use and mine. Speculators, then, would
probably be able to throw hundreds of machines at the problem and gather Bitcoin
like raindrops, right? Wrong. As more Bitcoin are found, they become more
difficult to find. This
profitability calculator will
help you understand what you’re up against but understand that this isn’t a
sure thing. I’ve run my systems for a weekend and seen a mere $1.50 – enough
for a coke – but other users may have improved hardware and methods to succeed.
In short, if it costs more to run your hardware than you gain in Bitcoin,
you’re probably doing something wrong.
Good luck in your journey and enjoy your first foray
into this wild and wooly world.
2.
Another
popular means of earning free Bitcoin is via FAUCET
There are some sites where one can get free Bitcoin.
You might be showed some advertisement or it might be incentive for spending
more time at their site, to
gamble with or do something else there which will be to their benefit in some
way. Or it might be a way to give newbies a start with getting and using Bitcoin,
which, it is hoped, will benefit Bitcoin as a whole. As long as anything like
spending more time at their site or doing something else is optional, then I
will consider the coins given out there as "free." Sites which
include pop-ups, adfly-like redirections, or similarly annoying hoops to jump
through, will not be added to the list.
NOTE:
NOTE:
All faucets which only use Micro wallet to
payout have been removed. Micro wallet is no longer
paying out. If a faucet below has an option to use Micro wallet as a payout
method choose to use the other method it offers if you want to get paid.
***
Beware of sites/threads which just copy the entries from this official thread and hides the links behind url redirectors, making them untrustworthy or a spam-filled inconvenience at best. Also beware of faucet rotator-timer things that claim to make it easy for you to submit your address to each site at the proper times, especially ones you have to download to your own computer. It is hard to
know what is going on behind the curtain. Also even some of the sites listed here will have their own list of free Bitcoin sites but hide them behind coin url and/or adfly links, and other dubious and spammy things like that. For your convenience and safety it is best to just use their faucet, and avoid the other links there, and then come back to use the verified and maintained list of links here.
###
***
Beware of sites/threads which just copy the entries from this official thread and hides the links behind url redirectors, making them untrustworthy or a spam-filled inconvenience at best. Also beware of faucet rotator-timer things that claim to make it easy for you to submit your address to each site at the proper times, especially ones you have to download to your own computer. It is hard to
know what is going on behind the curtain. Also even some of the sites listed here will have their own list of free Bitcoin sites but hide them behind coin url and/or adfly links, and other dubious and spammy things like that. For your convenience and safety it is best to just use their faucet, and avoid the other links there, and then come back to use the verified and maintained list of links here.
###
Many of these sites only payout once a day, or even less
often, to save on transaction fees, so
don't get too worried if you don't see a payment for several hours. If after
more than a week you still don't
get anything, or you have any other problems, post in this thread. Some of the
operators of these various sites
follow this thread. Also note the * beside some entries and what it means
as explained under the list of
entries below. Also, many sites these days will not payout until
you have built up a minimum balance, often
over a number of days, so that they won't have to payout small amounts [
"dust" ]. This is good for both them
and you since "dust" transactions are problematic (you can read more
about "dust" and its problems in other threads on this forum ). Update: Most of these sites use a payout
service, like Micro wallet for example, which aggregates
payments and pays out to ones Bitcoin address when the total balance rises
above a certain minimum value.
The listed sites below are some trusted and
tested site to really earn free Bitcoin with ease and no work required. They
support Nigerians especially any IP so no need to tunnel or VPN, no
verification and approval, get your e-mail address ready for work.
There are tens of hundreds of such site online but having
carefully gone through some, they require little more “know – how” about
Bitcoin, but for starters, try these out and if need be, contact me via my
contact channels listed on this site. I look forward to hear breakthrough testimony
for committed beings, questions and comment are highly welcomed, if you’re
sending abuse/insult, please be organized, constructive, and reasonable else
your case will not be treated. Thanks and God bless has you step into total
financial freedom.
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HOW TO EARN FREE MONEY ONLINE (a sure way to financial freedom)