Bitcoin big upgrade after 4 years

Taproot, Bitcoin’s biggest upgrade in four years, was activated on November 14, prioritizing the privacy and efficiency of transactions.

Taproot is important because it opens up a lot of opportunities for entrepreneurs and businesses interested in expanding the utility of Bitcoin, is what Alyse Killeen, founder of a research firm specializing in mining money. Stillmark issue, told CNBC.

Unlike the 2017 SegWit upgrade that was likened to the final civil war, because of controversy and internal division among miners, Taproot received more than 90% consensus. In June, Taproot got 1,815 out of 2,016 signal blocks agreeing. Blocks represent the capacity of Bitcoin factories with the largest hashrate in the world.

Biggest change

The Taproot update changes related to three issues: Optimization, Privacy, and Smart Contracts.

In it, the digital signature is optimized in Bitcoin transactions. Currently, the Bitcoin network uses something called the Elliptic Curve Digital Signature Algorithm, called Elliptic Signatures, which allows the creation of digital signatures from a private key that controls the Bitcoin wallet and ensures that only the Bitcoins contained therein. Only legal owners can use.

Description of the digital signature when performing a regular Bitcoin transaction (left) and with a Schnorr digital signature (right). Photo: AzCoin

According to Torre, the Schnorr Signature system does not enhance the anonymity of individual Bitcoin wallet addresses on the public blockchain. However, it makes simple transactions almost indistinguishable from complex transactions, including multi-signature transactions.

Thanks to Taproot, concurrent transactions are also easier due to the ability to aggregate public keys and signatures. For example, if an exchange sends 500 concurrent transactions to 500 people, they can compress all 500 public keys into one and 500 digital signatures into one.

Smart contract

New additional signatures on the Bitcoin network are also instrumental in changing smart contracts – agreements between two blockchain-based partners. Theoretically, smart contracts can be used for any type of transaction. Taproot makes transactions cheaper and smaller in terms of space occupied on the blockchain.

According to the famous Bitcoin developer Hampus Sjöberg, to do this, the system needs the Merkelized Abstract Syntax Tree (MAST).

Smart contracts can now be created both on Bitcoin’s core protocol layer and on the Lightning Network, a payment platform that enables instant transactions. Smart contracts executed on the Lightning Network often make transactions faster and less expensive.

According to Sjöberg, the addition of Taproot next to the Lightning Network is important for the longevity of the Bitcoin network, helping network nodes no longer place too much burden as well as higher payment volumes than before.

In addition, experts say that as more and more programmers build smart contracts on the Bitcoin blockchain, the network could become a new force in the world of DeFi (decentralized finance). Currently Ethereum dominates as the blockchain of choice for these decentralized applications, aka dApps.

After the announcement of Taproot, cryptocurrency miners and developers responded positively. Some expect the price of Bitcoin to continue to increase sharply as in 2017. Four years ago, Bitcoin increased from $4,000 to $20,000 per coin after the SegWit upgrade. Currently Bitcoin price is at 64,000 USD.

The World’s First Bitcoin City

Nayib Bukele, the president born in 1981 of El Salvador, intends to build Bitcoin City with an investment of about 1 billion USD.

The plan was announced by Mr. Bukele at Bitcoin Week – an event held this past week to mark El Salvador becoming the first country to recognize the cryptocurrency.

Accordingly, Bitcoin City will be a city with full functions including: residential area, commercial center, restaurant, harbor. It will all revolve around Bitcoin, President Bukele said. The city will also be planned in a circular shape, looking down from the air will see the shape of the Bitcoin coin.

The city is planned to be located on the east side of the La Union area, getting geothermal energy from a volcano. In the city, residents do not have to pay any tax except VAT. This tax will be used to pay for bonds and to build and maintain public infrastructure.

The President of El Salvador plans to issue a $1 billion Bitcoin bond by 2022 to build the city. The bond issuance is backed by two industry giants, the Bitfinex exchange and blockchain services firm Blockstream.

Samson Mao, a representative of Blockstream, said the alliance is confident with calling for investment of $ 1 billion. Bitfinex exchange has many individuals and organizations with assets so large that they can manipulate the market, Blockstream does not see a problem with this amount of bonds worth 1 billion USD.

According to the plan, half of the 1 billion USD will be locked in 5 years, in order to reduce the source of Bitcoin’s circulation and possibly push this cryptocurrency up in price. The participants also expect to have 10 similar cities in other countries, thereby attracting about half of the Bitcoin market.

El Salvador was the first country in the world to recognize the value of Bitcoin in September. The country is said to have purchased around 1,120 BTC. Thanks to the price difference, the BTC brought in a profit of about 12 million USD in early November. This money was used to build about 20 schools and 1 hospital in the country.

Regret buying gold instead of Bitcoin

With the same capital of more than 100 USD, if buying 0.03 Bitcoin since the beginning of the year, so far, the profit has been doubled compared to buying gold.

Less than a month when Bitcoin hit $60,000, the digital currency set an all-time high when it crossed the $67,000 mark.

After I shared the link to the article above, a friend made a calculation and regretted that earlier this year he used his savings to buy gold. At that time, my friend bought four gold rings for about 9500 USD. At the same time, I bought 0.03 Bitcoin as mentioned.

Calculating, if my friend put all the money to buy gold above to buy Bitcoin, at the same time, he will buy about 0.29 Bitcoin. Now, temporarily with the highest milestone that Bitcoin has reached is 67,778 USD per coin, which is almost double the profit compared to the amount spent buying gold.

We write this post not to encourage anyone to play Bitcoin. The main problem that we want to point out is that, nowadays, the digital currency investment channel, represented by Bitcoin, is much more attractive than other traditional channels such as real estate and gold.

To buy a real estate, a large amount of capital is required. If you do not have a thick capital, of course you have to borrow and pay the principal and interest for many years. During this Covid-19 situation, real estate is still not bright and liquidity is not high.

As for gold, we think it’s just something to anchor the value of labor, to avoid devaluation compared to holding cash. Gold is not an attractive investment channel today when its value increases too slowly. Right now, the price of gold rings of each type 1 that my friend bought has a buying price of 51.85 million dong a tael. Obviously, if you sell, my friend is at a loss, not a profit.

Energy Consumption Soars As Bitcoin Peaks

The Bitcoin network’s energy consumption spiked as the cryptocurrency’s price surpassed $66,000, as world leaders sought to tackle climate change.

The price of the world’s largest cryptocurrency reached $ 66,700 at the end of October, breaking the record set in mid-April of this year. Bitcoin’s rally also helped Ether, the second largest cryptocurrency, rise to more than $4,054 a coin.

This also leads to many people racing to mine cryptocurrencies, which increases the energy consumption of the entire network. Bitcoin’s hashrate is accelerating and is likely to hit a new high, along with record energy consumption, according to data from the UK’s University of Cambridge.

The Bitcoin system uses as much electricity as the whole of the Netherlands, an uncomfortable reality as world leaders attend the COP26 climate change summit in Glasgow, Scotland.

Bitcoin Mining

Bitcoin and Ethereum are operating under a proof-of-work (PoW) method, in which miners use computers to solve complex math problems to validate transactions and receive new coins as a reward. This method requires a highly configurable computer system or specialized equipment, which consumes power.

The higher the Bitcoin price, the more attractive the mining activity. Bitcoin miners’ revenue in October soared to $1.72 billion, close to the $1.75 billion peak hit in March.

“Hashrate and energy consumption will soon reach new peaks at current Bitcoin prices, as more and more people join mining,” said Alex de Vries, founder of Bitcoin energy data service company Digiconomist.

In addition to using huge amounts of electricity, cryptocurrency mining also creates a lot of electronic waste, as miners constantly replace old machines with new, more efficient products. Digiconomist’s report shows that one Bitcoin transaction can generate as much waste as throwing away two iPhones.

Hot controversy

An increase in energy consumption does not mean an increase in carbon emissions, especially as many large businesses in the Bitcoin mining industry are looking to transition to renewable energy sources and form the Bitcoin Mining Council (BMC). ) to promote greener cryptocurrency mining.

Coins that simulate Bitcoin. Photo: Reuters

Cambridge University 2020 data estimates that around 40% of Bitcoin mining uses green energy. BMC said last month that the rate has now increased to 58%, making Bitcoin mining one of the greenest industries in the world, despite many critics still arguing that the energy poured into cryptocurrency mining can used elsewhere.

The crackdown on crypto mining in China in the middle of the year also pushed Bitcoin to become greener. Much of the mining in the country relies on coal-fired power, but the government’s ban forces many miners to move to the US, where renewable energy is the cheapest source of electricity.

Environmental efforts in the financial industry also make a difference, as low-energy platforms attract investments from big names.

Ethereum is gearing up for an ambitious upgrade, Ethereum 2.0, in which the network will transition to a proof-of-stake (PoS) method that relies on people already holding cryptocurrency to process new transactions. This method does not require a power-consuming computer system, which is more environmentally friendly than current PoW.

The fate of millions of Bitcoin miners in China

Millions of Bitcoin miners from China have traveled to other countries including many in the US, Kazakhstan, Russia and Canada, following the mid-year ban.

According to the Financial Times, the 14 largest cryptocurrency miners in the world have moved more than 2 million Bitcoin miners out of China following a crackdown by the Chinese government in May.

In fact, investors have started moving Bitcoin mining machines since March 2020. But by the time the ban was announced, there were still more than 20,000 machines left here. This is just the number of statistics at Bit Digital.

Bit Digital hired an international logistics company to move tens of thousands of Bitcoin miners elsewhere, but there are still a shipment of 1,000 waiting to be shipped to New York and 372 are left behind because they have expired.

The places that benefit the most

In the midst of panic as China cracked down on cryptocurrency mining operations, many companies in this field received offers to buy back Bitcoin miners.

According to mining company Luxor, the ban from China triggered the liquidation of Bitcoin miners at a very cheap price. For instance, the Bitmain Antminer S19, one of the popular models, dropped 41.7% in price in the May-July period.

Bitman, today’s leading mining machine manufacturer, sold 30,000 S19 models to Marathon Digital Holdings – a company based in Las Vegas – in August. Similar machines were also supplied to Terauulf in Maryland. However, the company is currently limiting the number of units sold because of concerns that their prices will continue to fall.

Besides North America, Kazakhstan is also becoming an attractive destination. Financial Times data shows that the majority of miners shipped to the Central Asian country are from Chinese company Bitfufu, with 80,000 machines arriving at farms in Kazakhstan in August.

Russia is the place that attracts the most miners after China’s ban. Source: Financial Times

However, the place that benefits the most is Russia when it attracts 205,000 mining machines from China. In which, BitRiver alone received 200,000 machines, shipped in lots, the rest belonged to Bit Cluster in Moscow.

Jaran Mellerud, an analyst at research firm Arcane Crypto, said that there are currently less than 700,000 miners in China that have not yet been activated. They are likely being stored or discarded as many of them are of an older generation, which would make long-distance transportation less efficient in terms of cost.

Old Bitcoin miner – opportunity for small countries

According to experts, the old machine’s fate will follow two paths: being discarded or scattered to less noticeable mining locations. South America, especially Venezuela or Paraguay, becomes an ideal destination because of low electricity prices.

Juan Jose Pinto, co-founder of Doctor Miner, a Venezuelan mining company, said the Chinese limits are a great opportunity to buy a machine at a good price. So far, there are three major companies in China contacted to provide about 7,000 machines. If we had the resources, we would continue to buy and hoard more, Pinto said.

According to him, Venezuela currently has relatively cheap electricity and Doctor Miner only has to pay $ 0.01 per kWh. This is an opportunity for the old, power-hungry Bitcoin miner to have a chance to be used.

Besides, because old machines often fail, the company tries to make use of working components to assemble new machines. Usable components will be combined with each other in the hope of creating a coin miner.

Digital Assets, a company based in Paraguay, is also set to receive 15,500 miners in the coming months. However, these companies are facing competition from some people who are also starting to buy machines and mine independently.

In the context of the economy going down, cryptocurrencies are a way for people to earn extra income. Getting $100 a month also makes a big difference to them.

Virtual currency exchanges are recognized by many people

Currently, there are many cryptocurrency exchanges in the country as well as abroad. Let’s review the top recommended virtual currency exchanges for participants in the Blockchain market.

After many experiences owning and trading Bitcoin and other Altcoins, along with the reflection of the crypto community, we have come up with a ranking of today’s virtual currency exchanges.

Huobi

Topping the list of recommendations because of its advantages and convenience: Rich coins, large trading volume, free OTC trading floor, Margin loans support for many markets.

Is a major exchange of China and Southeast Asia. Huobi was originally developed in China. However, after the strict regulations on Crypto trading, Huobi has grown and developed worldwide. In Vietnam, since 2018 Huobi has established a representative office in Ho Chinh Minh. Along with a series of programs, airdrops, and markets, Huobi has really shown its serious ambition in developing the market.

Transaction fee: 0.2%/ each transaction. Owning Huobi Token will receive a 25% fee reduction.

Binance

Binance is the world’s largest digital currency exchange, founded in Shanghai, China by Changpeng Zhao – CEO of Beiji Technology and currently has many headquarters in countries such as Korea, Malta , USA, Singapore and many other countries. With the right paths, Binance has always maintained its leading position and is a trusted address for crypto-asset investors on the Blockchain market.

Although this exchange does not have an exchange, the transaction fee is quite cheap. You can buy crypto from Huobi or Remitano and then transfer it to Binance for trading.

Transaction fee: 0.1%/ each transaction. If you own Binance Coin, the transaction fee will be reduced by 25%.

Remitano

Remitano is a product of Babylon Solutions Limited – founded in Seychelles, providing a guaranteed P2P Tether USDT trading solution where anyone buys and sells Tether USDT easily and absolutely securely with a simple yet effective interface. efficient, friendly customer support team 24/7 and lowest transaction fees. Remitano is built by highly specialized teams with experience working in professional banking systems and in building systems in Finance, Cryptocurrencies, Payment Systems and Software Development.

Currently, Remitano is provided and used in many countries such as USA, Malaysia, Nigeria, Vietnam, Campodia, China and is being developed and expanded every day.

However, the disadvantage of Remitano is high transaction fees, few Altcoin pairs. However, with a growing Team, the future of Remitano is expected.

Transaction fee: 1% per transaction. The transaction fee is 0% if you are the person who posts buy/sell news on the exchange.

Bittrex

Fast, safe and stable trading floor is an important factor to help investors feel more secure when participating in their investment projects. One of the exchanges trusted by investors is Bittrex.

Bittrex is a legal virtual currency (cryptocurrency) exchange based on the US legal system, headquartered in the US and one of the first companies licensed to operate for cryptocurrency transactions. in New York City.

The transaction fee of this exchange is at 0.25% per transaction.

What will happen when all 21 million BTC are mined

Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be extracted from gold mines on Earth. Bitcoins must be mined through highly configurable machines. The Bitcoin mining algorithm and process was created and predefined by the founder. Like gold, bitcoin has a finite supply.

In fact, only a total of 21 million Bitcoins can be mined. Once miners have unlocked this many bitcoins, the supply of the Bitcoin network will essentially be exhausted, unless bitcoin’s protocol is changed to allow for a larger increase in supply. Bitcoin advocates say that, like gold, a fixed supply of the currency means that banks are vetted and not allowed to arbitrarily issue fiduciary media. What happens when the global bitcoin supply reaches its limit? This is the subject of much debate among followers and fans of all things crypto.

Currently, about 18 million bitcoins have been mined, less than 3 million more waiting to be mined. To better understand what will happen to these remaining bitcoins and when and how the network will mine its final tokens, we will need to explore some details of the mining process itself. waterfall.

Bitcoin Mining Rewards

With the first 18 million bitcoins mined in just a decade since the bitcoin network launched, and only 3 million more to go, it seems like we are in the final stages of bitcoin mining. This is true, but only in a certain sense. While it is true that the majority of bitcoin has been mined, the timeline is more complicated than that.

After each Bitcoin Halving, the BTC reward for miners will be reduced by half. When bitcoin first launched, the reward was 50 BTC. A few years later, in 2012, it halved to 25 BTC. In 2016 it halved to 12.5 BTC. Miners now receive this reward when they succeed in their efforts.

When will you run out of Bitcoins?

Around 2020, the reward will be halved to 6.25 BTC. It will continue to halve every four years or so until the last bitcoin is mined. This means that the rewards for miners are getting smaller and smaller over time and also taking longer to reach the final bitcoin than it has been so far.

In fact, the last bitcoin is unlikely to be mined until around 2140, unless the bitcoin network protocol is changed sometime between now and then.

Thus, by 2140, the supply of Bitcoin will be almost exhausted. In fact, Bitcoin will never really be mined. Because the reward will continue to be divided gradually over time. You just try to take the current 12.5 BTC and halve it in a row to see if it ever reaches absolute zero? The number of BTC that has not been mined is only asymptote to zero, never zero.

Impact on Bitcoin Miners

It seems likely that the group of individuals most directly affected by the cap of the bitcoin supply will be the bitcoin miners themselves. On the one hand, there are detractors of the protocol who say that miners will be forced out of the block rewards they receive for their work once the bitcoin supply has reached 21 million in circulation.

Without the incentive provided by a bitcoin prize at the end of a rigorous and expensive mining process, miners may not be motivated to continue supporting the network. This will have catastrophic effects on bitcoin. Because mining is not only a process by which new tokens are introduced into the ecosystem, but first and foremost the way in which the decentralized blockchain is supported and maintained in the absence of a central bank or authority. The only other thing, if miners give up their networks will potentially move towards centralization or collapse altogether.

Even if bitcoin is eventually produced, miners will likely continue to actively participate and compete for and confirm new transactions. The reason is that every bitcoin transaction has a small transaction fee attached to it. These fees, while today represent several hundred dollars per block, can potentially add up to thousands of dollars or more per block as the number of transactions on the blockchain increases and as the price of bitcoin rises. Ultimately, it will act like a closed economy, where transaction fees are assessed like taxes.

However, it is worth noting that it will be more than 100 years before the bitcoin network mines its final token. In fact, when the year 2140, miners will spend years getting rewards that are actually only a tiny fraction of the final bitcoins mined. A significant reduction in reward size could mean that the mining process will change radically before the 2140 deadline.

It is also important to note that the bitcoin network is likely to change dramatically between now and then. Consider how much has happened to bitcoin in just a decade, hard forks, new protocols, new methods of recording and processing transactions, and any number of other factors that can affect the mining process. . Even in general, at some point before 2140 bitcoins are most likely going out of favor at all, essentially completing a whole-thought-out test of what happens after the last token is mined. waterfall.

Top 10 Coin Miners

Up to $3 billion in Bitcoin is expected to be divided among bitcoin miners in the next year. If you are planning to invest in a Coin miner, then the top 10 miners below cannot be ignored.

Before talking about Bitcoin miners aka buffalo plows, let’s learn the basic terms, which will help us understand the techniques involved in Bitcoin mining. Recently Samsung announced that it will start designing chips for mining purposes. This information came out during one of the conferences in China, and it proves that the competition is going to be tough.

Hash Rate means the number of complex computations that the hardware can complete in one second. The Hash Rate increases the chances of solving the complex calculations necessary to earn Bitcoin as a reward. Hash rate is measured in Megahash or Gigahash or Terahash per second. The first mining hardware has a hash rate from 336 MH/s to 14,000,000 MH/s.

Given that Bitcoin mining is an investment and you have to be willing to bear a certain cost to complete the mining process efficiently, of which one of the main costs is the cost of energy. You can get approximate cost in bitcoin mining calculator by bitcoin mining contract. The more powerful the hardware, the more power you consume. Before purchasing any mining hardware, you should consider the power consumption rating in watts, this will allow you to calculate the cost of energy consumed by the unit and will help you determine the mining capacity. BTC with the aforementioned hardware.

Power consumption and hash rate numbers can help you understand how many hashes can be mined from each watt of electricity that runs through the mining hardware. Then divide the hash rate by the watt consumption of the hardware to get the calculation.

Nice Miner is a free Bitcoin miner that can be used by beginners and is popularly used by bitcoin mining pools and bitcoin mining sites. USB Bitcoin Miners, when connected to a PC with the right software, perform mining with a certain hash rate.

Top 10 Coin Miners

  1. BitMain AntMiner S5

Even if the Antminer S5 may not be as up-to-date as the other models – the S7 and S9, its functionality is exemplary. The Bitmain Antminer S5 has a power supply labeled 115 Volts, which draws about 560 Watts. Its power consumption is low, similar to those running bitcoin mining computers can accommodate Antminer S5. The device generates about 1 GH/s for every 0.51 watts consumed relative to its efficiency. S3, the efficiency of the S5 has been improved compared to its predecessor. This is one of the best Bitcoin mining hardware of 2019.

  1. BitMain AntMiner S7

Since its introduction in 2015, BitMain AntMiner S7 has become one of the most popular Bitcoin mining hardware because of its lower energy consumption factor. The recommended power supply unit for using the S7 is 1600 watts APW3, one of the best available on the market, designed specifically for Bitcoin mining. The effectiveness of AntMiner S7 depends on the effectiveness of the ambient temperature and the power used. But, at room temperature around 25 degrees Celsius, the S7 generates about 1300 watts.

  1. BitMain AntMiner S9

Bitmain Antminer S9 is one of the best Bitcoin mining hardware available in the market. It has the highest hash rate around 14 TH/s. This high hash rate was made possible with the courtesy of 3 circuit boards totaling 189 chips. It is one of the efficient bitcoin mining software out there, where it consumes 300 watts more than the S7, twice as efficient at around 0.1 Joules per Gigahash.

  1. AntMiner T9

AntMiner T9 is another Bitcoin mining hardware that is a bit expensive compared to S9. The T9 draws about 1450 watts for about 11.5 TH/s for Batch 23 and has an efficiency of 0.125 J/GH. Going by the numbers, the S9 is better than the T9. S9 quality chips are of lower quality which leads to their stability decrease. But then T9 Miner has lower quality problem fixed.

  1. AvalonMiner 741

AvalonMiner 741 is one of the affordable Bitcoin mining hardware created by a company called Canaan. It offers a good hash rate of around 7.3 TH/s with an efficiency of 0.16 J/GH and has an air-forming cooling system that allows the 88 chips to work as a unit. It even helps keep miners running all the time.

  1. AntMiner L3 +

The AntMiner L3+ features four boards containing 288 chips, double that of its predecessor. The L3+ is an easy-to-use, power packed mining hardware with a hash rate of about 504 MH/s and use of about 800 watts and sports performance of 1.6 J/MH.

  1. BitMain AntMiner D3

AntMiner D3 is the best when it comes to Dash ASIC miners. Most of the miners are using this hardware to mine the first coin they convert into Bitcoin and make a profit in the process. The Bitmain Antminer D3 offers a hash rate of 15 GH/s and uses around 1200 Watts. It has dimensions of 320x130x190mm which can really be a good arrangement when running multiple miners at the same time.

  1. Dragonmint T16

Dragonmint T16 is the first BTC mining hardware to achieve a hash rate of 16 TH/s, making it special. It requires a 1600 W supply but only consumes 0.075J/GH compared to 0.098J/GH in Bitmain’s Antminer S9. Due to ASICBOOST algorithm, Dragonmint T16 efficiency can be increased by 20 percent. This is one of the best Bitcoin mining hardware of 2019.

  1. Pagolin Miner M3X

The Pagolin Miner M3X is not as energy efficient or efficient as its aforementioned contemporaries but a larger unit because of its embedded ASIC chips. It is the most power demanding Bitcoin mining device on the market, with withdrawal rates ranging from 1.8kw to 2kw. It appeals to people because of its high hash rate of 13 TH/s.

  1. Avalon6

Avalon6 is one of the best Bitcoin mining hardware for beginners. The setup process is quite simple and is one of the profitable ones that have been around for a long time. From the 1050W it draws, it can only output 3.5 TH/s. Unfortunately, the Avalon6 does not come with its own power supply and they can be purchased separately. The Avalon6 makes for a good unit to run in the office or at home that can cost money but serves a very selfless purpose by securing the network.

Profit of investing in Bitcoin mining

Bitcoin mining can prove to be beneficial for some individuals as the equipment is easily obtainable and flexible to different environments. They can perform a cost/benefit analysis to understand the breakeven price. There are several web-based profit calculators that help with cost benefit equation analysis. Even individuals can join a mining pool to compete with major mining hubs.

Earn Bitcoin and Ethereum by playing games

With Bitcoin (BTC) continuously setting the highest price peaks, it is possible that investors will be afraid to invest in this currency, because at this point the price of Bitcoin is too big for newbies. . We also had this thought.

Fortunately, however, investing is not the only way to get started in the field. If you want to start your trading journey without facing any risk, crypto faucets will be a suitable choice.

What are Crypto Faucets?

Crypto faucets are mobile apps or websites that reward small amounts of BTC, ETH, and other coins when you complete requested tasks. Imagine a plumbing pipe that is leaking water. Crypto faucets are similar, but instead of water, the site gradually distributes cryptocurrencies.

These conduits don’t offer much crypto but they are completely free. On these apps and websites, you get rewarded for completing simple tasks like watching product videos, completing surveys, clicking links, viewing ads, and playing games.

Play the following 6 games to get Ethereum and Bitcoin

Do you like video games and cryptocurrencies? Then you will definitely like this way of making money. We will teach you how to earn Bitcoin and Ethereum by playing games

RollerCoin

This is a virtual BTC mining simulator where you pit against your friends and get a chance to get block rewards. Basically, this game removes all the clutter from the mining operation and just challenges your skills. You need to complete quests, take on challenges and play games to build your mining empire.

Improve mining power through side quests, mini quests, and upgrades after performing actual tasks like paying electricity bills, repairing data centers, paying air conditioner bills, and more. . This site will disburse one block reward every five minutes and share to all participants based on their mining power.

Bitcoin Alien Run

Bitcoin Alien Run is a Super Mario game where you go on a journey with Daniel D’Allen and face special missions across the galaxy and receive BTC rewards for completing them.

This smartphone game is available for Android and iOS operating systems, and rewards are distributed every Tuesday.

Spark Profit

Want to challenge your judgment? Spark Profit is an interactive application for Bitcoin market prediction. Your task is to make predictions about the market like cryptocurrencies or derivatives, the better you predict, the more money you will make.

After reaching enough points in the game, you can convert them into BTC. This game is available for any browser or application running Android and iOS operating systems.

Fantasy Altcoins

Like Spark Point, Altcoin Fantasy is a simulator. However, instead of focusing on the price prediction aspect, this game is about trading digital assets in a risk-free environment. Trade virtual USD, practice trading strategies and use them in weekly and monthly contests for a chance to win BTC and other cryptocurrencies.

Altcoin Fantasy can be played on web browsers and iOS or Android devices.

Satoshi Quiz

Do you like trivia game style? Then Satoshi Quiz was born for you. This quiz program allows you to win BTC by answering questions from various categories.

To win, create an account, log in and be one of the first three correct answers. The reward for each round depends on the tiering system and each user can choose daily, weekly or monthly rewards. Payments are processed at the end of the month with a withdrawal limit as low as 11,000 satoshis.

Axie Infinity

Axie Infinity is an electronic pet universe where you can raise, trade, and participate in battles between creatures called Axies. Start by downloading the app through their website and then build Axies with Ethereum.

Earn Small Love Porions (SLP) by completing daily quests, going on adventures (PvE) and winning in arenas (PvP) to earn coins. You can then sell them on the secondary market for money. In addition, Axie will also reward players who climb up in the arena.

This is one of the most attractive games because players can earn money by playing the game hard – up to 400 USD per week. This number may be small for some countries, but it is enough to support a family in developing countries.

This blockchain game runs on the Ethereum platform. You can play Axie Infinity on iOS and Android devices.

Try it out, it’s completely free

Let’s say you’ve always been interested in the cryptocurrency market but aren’t ready to actually invest. If so, these Bitcoin and Ethereum games are the best way to help you step-by-step into the crypto space.

It can be said that this has been a great year for cryptocurrencies as Bitcoin continues to reach new valuations. However, the prospect of these coins becoming popular among the masses is still a distant future. Currently, the idea of cryptocurrency is still new to many people and blockchain games are a great way for them to learn about the field.

Free Bitcoin Mining With CryptoTab Browser

Hello friends, today I would like to introduce to you a free form of Bitcoin mining, which is Bitcoin mining with CryptoTab Browser.

So what is CryptoTab Browser? Why can it mine Bitcoins? In this article, I will learn about this browser with you.

  1. What is CryptoTab Browser?

CryptoTab is a browser with an interface based on Google’s Chrome, so when you use the CryptoTab Browser, there is no difference compared to if you are using the Chrome browser.

In addition to normal web browsing functions like browsers, it is also designed to allow users to conduct Bitcoin mining right on this browser.

  1. Hanging BTC miner on CryptoTab Browser?

This is not cloud mining like Eobot so you will have to keep your browser active if you want to mine Bitcoin.

However, this is a browser so you can combine 2 in 1: It is both mining and surfing the web, this is a great function of this browser.

Since this is a copy of Chrome, if you are currently using Chrome to browse the web, you can consider switching to CryptoTab Browser, and still earn money while browsing the web.

  1. Bitcoin Mining Instructions on CryptoTab Browser

Step 1: Download and install CryptoTab browser

You access the link below to download the browser to your device. After you access the homepage, usually the web will display French, so you go to switch to English for easier use.

Now everyone click Download to start downloading the browser to your device. After downloading, you proceed to run the installation file just downloaded.

Step 2: Start mining Bitcoin

The first thing you need to do is log into your Gmail account to start mining. If you do not log in to Gmail, the coins you mine will not be counted. You go to Sign in and proceed to log in to Gmail as usual.

After successfully logging into Gmail, now will start to mine Bitcoin. You notice in the right corner of the screen, click on the $ icon to enter the Coin mining configuration page.

After entering the mining settings. The Mining slider, you pull to OFF to stop mining and drag to the left to conduct mining, if you dig at MAX, the machine will dig at full capacity.

We encourage everyone to only mine at a medium level, because mining at MAX will be very heavy.

You can use the link below the right corner of the screen to recruit refs and enjoy referral commissions, your commission will be up to 10 levels.

  1. Withdraw coins from CryptoTab

You click on the 3 dashes in the right corner of the screen, then go to Withdraw and then continue to enter the Bitcoin wallet address to proceed with the withdrawal. Note that min withdrawal is 0.00001 BTC.

  1. Conclusion

CryptoTab Browser is a pretty cool browser for you to earn extra income for yourself by using it to mine coins.

Hope the article will be useful to you, share to help us let everyone know about this mining method. And regularly monitor the Website to update the latest ways to earn free Bitcoins.