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  • !1!

    BitLucky faucet


    I hear the term Bitcoin faucet a lot.  What does it mean?

    BitLucky faucet paying satoshi every 5 minutes

    BitLucky is a completely FREE bitcoin faucet paying out up to 10 satoshi every 5 minutes. Each time you visit this page  you will receive a faucet payout amount randomly selected from the available amounts shown in green above.

    As well as the faucet we also have some information about other ways you can earn bitcoins. Head on over to the earn more page for details of other free bitcoin faucets, bitcoin gambling and casino sites and bitcoin mining opportunities.

    Bitcoin mining - you need hardware and software  

    Mining is actually the process for transactions that helps to secure all the network and keeps the whole system in the right order and balance. If you have a special harware you can become a Bitcoin miner. With special mining software and hardware you will get transactions and there will be special tasks processed to confirm these transactions.

    Bitcoin miners can earn transaction fees paid by users, they also get brand new created bitcoins. Along with a mathematical proof of work they will need to be included in a block, so the new transacctions can get confirmed.

    Bitcoin mining and operating costs

    The only way to generate that kind of proofs is to try billions of calculations per second. Minors need to do that kind of calculations because their blocks can get rearded or accepted by the network. Miners are not able to cheat by processing transperent transactions or by increasing their own reward. Even if not all bitcoin minters are trustworthy, the whole network remains safe and secure. Spending operating costs and less energy made Bitcoin mining more optimized over time.

     

    Majority of energy used for mining will be transformed into heat

    Some miners decide to stop with their activities when bitcoin mining becomes less profitable and too competitive. Eventually majority of energy used for mining will be transformed into heat and the smartest miners will use this heat. The best mining energy is the one that is using as smallest amounts of extra energy as possible. Most miners are working toward this. To operate and secure a good payment system is hardly a waste of energy. The whole Bitcoin cryptography, protocol and technoloy is designed to have a very strong security record, Bitcoin network is surely one of the biggest advertised projects in the world.

     

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