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If youu2019ve stumbled upon this guide, chances are that youu2019re not only somewhat familiar with Bitcoin but are also looking for ways of how you could profit from this cryptocurrency.
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2 Cryptoknowmics is an innovative decentralized platform that serves almost every aspect of the crypto space. It aims to be the top destination and the largest media portal in the crypto world and the all-in-one solution for information and services for the industry. www.cryptoknowmics.com
3 Highest Paying Bitcoin Faucets If you’ve stumbled upon this guide, chances are that you’re not only somewh at familiar with Bitcoin but are also looking for ways of how you could profit fro m this cryptocurrency. Many people still don’t really know about Bitcoin faucet s – this means that these people aren’t maximizing their potential earnings. T hat’s why today I want to tell you about the highest paying Bitcoin faucet optio ns. We shall embark on this journey together – at first, I shall tell you about th e very concept of a Bitcoin faucet in general. As I’ve mentioned, not a lot of p eople know of such a thing, so it might be good to cover the basic information first. Following this, we’ll take a look at a list that I composed. I call it the “Hig hest Paying Bitcoin Faucets” list. We’ll talk about the pros and cons of each faucet and try to pick out the best BTC faucet out there. www.cryptoknowmics.com
3 Introduction Before we get ahead of ourselves and put our “highest paying Bitcoin fauce t” goggles on, we should take it from the top and analyze just what a Bitcoi n faucet actually is. What is a Bitcoin Faucet? If you were to google “what is a Bitcoin faucet?”, the most general answer t hat you would get is “a reward system”. Although this is technically true, it’ s actually so much more than that. Let me elaborate with a metaphorical e xample. Imagine a leaking faucet – you’ve probably had (or at least seen) o ne at some point in your life. Maybe your kitchen faucet isn’t working quite properly and keeps on dripping water slowly but surely? Now, if you were t o place a bowl under that faucet, what would happen? www.cryptoknowmics.com
3 Well, nothing spectacular at first, that’s for sure, but imagine leaving the bowl there f or a couple of months. What would be the situation now? If you think it would overfl ow with water, you’re definitely right. This is exactly the same principle when it come s to Bitcoin faucets, only these leak satoshis instead of Bitcoin. As you might have hea rd, nobody really knows who created Bitcoin. The person (or group of people) did so under the nickname Satoshi Nakamoto. To this day, the person (people) remain anonymous. This is where the term satoshi co mes from. A Satoshi is the smallest possible unit of Bitcoin. To give you an idea of just how small this unit is, the current price of Bitcoin is almost $6400 USD. $1 USD is equ al to 15,536 satoshis. Yup, that small. Even the highest paying Bitcoin faucets offer th e very little amount of revenue when you take things into perspective. But I’m getting ahead of myself – I haven’t even properly explained what a Bitcoin faucet is! www.cryptoknowmics.com
3 History You can’t really find the highest paying Bitcoin faucet without knowing the story of the very first one, now can you? The very first (self-titled) Bitcoin f aucet was released exactly one year after Bitcoin’s initial launch in 2009. 2 010 was honestly a strange time when it came to a BTC faucet release – b y that time, not only nobody had even heard about Bitcoin, but it was basi cally worthless. However, a man by the name of Gavin Andresen someho w saw potential in the emergence of cryptocurrency and decided to act u pon his gut feeling. It should be noted that he was an instant supporter of the crypto cause – Mr. Andresen believed in the future of Bitcoin and bloc kchain development (he still does to this day) and was amazed by the con cept of a decentralized, encrypted digital currency www.cryptoknowmics.com
3 Bitcoin Faucets as a Business Decision It will probably be of no surprise to you when I say that it’s actually really h ard to make money with Bitcoin faucets. I mean, you are literally giving aw ay free money without asking for (virtually) anything back. Sounds bonkers , doesn’t it? Well, most of the Bitcoin faucets that are still functioning to th is day have some sort of an external income model. What this means is tha t when a user comes to join the faucet or to collect his daily earnings, he is greeted with third-party advertisements that aim to sell some sort of a pro duct or service. With this affiliate-like business model, faucet owners hope to at least break even, and maybe even profit a bit in the process. www.cryptoknowmics.com
3 Source https://www.cryptoknowmics.com/news/highest-paying-bitcoin-faucets www.cryptoknowmics.com
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