New Feature : S&E or Share & Earn
About 'Share & Earn' : Basically you have to share our faucet in different crypto currency related platform and post a proof here along with your Dogecoin address (must be linked to faucethub). Then we will review that and pay you some extra Dogecoin for your posts. There are some rules and restrictions regarding this -
1.The site where you will share must be a crypto currency related site.
2. If you post in a forum or social media group (at least 3 months old), you will receive 14 Dogecoin one time.
3. If you own a faucet site/faucet list site/blog and you post about our faucet there, you will receive 5 Dogecoin/week as long as your post about our faucet exist there in top/visible area! But you site/blog must have paid hosting and a decent no. of visitors everyday.
4. Only one post by a person per site will be counted. If we detect multiple posts in same site, then only the person who will first post proof here will get the payment.
5. Share in chat, msg, comment section will not be counted.
6. Remember to post everything clearly about our faucet. False and negative impression in post will result in 0 payment.
7. You can share in as many sites as you want and will get payment for all as long as it meets all above rules.
Payment will be sent every Saturday. Post here the url of your post so we can check and verify. And don't delay to give proof here after your post. Some others may post proof of yours before you as we can't verify all usernames! One more thing, obviously you can share your referral link, it may give you some extra coin too. (posts in bitcointalk and faucethub will not be counted as both places have already been used)
We are going to change our reward system a bit due to this feature: Claim rate up to 0.9 Doge/12 min (previously 1.05/15 min) and referral commission 55% (previously 60%)
Have bitcoins on your wallet is nice, but being able to spend it on everyday goods and services is even better!
With Wirex, you can order and then load a virtual card (for online purchases) or plastic (normal shopping or ATM) with bitcoins and other cryptocurrencies (Litecoin, etc). You can also exchange cryptocurrenvies with each other (BTC<->LTC)
It can be interesting to spend your bitcoins without going through your bank.
Affiliate link: https://links.wirexapp.com/MpmB/4bTIQcutbK?action=affiliate-register&code=sSKkSbsdcUWXHp25_tTkDw
Direct link: https://app.wirexapp.com
Let's continue our adventure in the world of Bitcoin, in a simplified way and talk a bit about mining.
The Bitcoin network rewards those who validate the blocks; blocks that contain a set of transactions made by bitcoin users. Currently, this award is 12.5BTC. This reward is divided by two periodically (every 210000 blocks)
You can see the countdown for the next halving here:
The Bitcoin database consists of a chain of blocks, and each block is connected to its predecessor. It is possible to designate a block by its number (height) but internally, a block is designated by its signature (hash).
Transactions (movement between bitcoin addresses, etc.) use a specific scripting language. This script is also hashed to be included in the blocks but the type of hashing is different because it is reversible and it is possible to decode a hash script.
When a person wants to validate blocks, a miner, he will use a special program. This program will ask the network to do some work.
The network will return , as information, to simplify:
previous hash (of the blockchain)
timestamp (date & hour )
transactions (hash of the script + one with our address for possible reward)
target (difficulty of the network)
For simplicity, we will use alphanumeric represensation and a simple sha256 hash. Bitcoin works in binary and double hashes (double sha256)
With this information, the miner will be able to work to validate a block. He is not alone! Thousands of miners perform this task as well: it is a competitive race of speed, to whoever will find the block before the others. Other miners do not necessarily get the same work to do: the date can vary, the transactions too.
To this information, we add a variable, called "nonce". It is this variable that we will evolve. It constitutes the proof of work (pow).
We will play again with our hash online: http://www.xorbin.com/tools/sha256-hash-calculator
Let say the target is: 0fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
Data to hash
Nice! With nonce=5, we got a result under the target!
08017f74987b08b331f2681c948d804f39ca94ea3b6ad737ab86d8b0ed5cf884 < 0fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
So, we can submit our work to the network. All nodes of the network will check the validity of this work, and if valid, will accept it and create a new block into the chain (with the transactions included into the work)
We will receive the reward and after 100 confirmations (maturation of 100 blocks), we will able to spend it.
We can request a new work from the network and work on the next block.
The network will adjust the difficulty (the target) every 2016 blocks to respect an average time between blocks of 600 seconds (10 minutes). The lower the value of the target, the harder it is to find a lower hash than the target. (and vice versa).