Do you want to get free Bitcoins?
Enter your Bitcoin address to get started.
We will send your Bitcoins there!
Invalid addresses will be considered as a donation.
What is The BTC generator?
The BTC generator is a special faucet because YOU decide how often to claim!*
The faucet will gradually** fill up until you make a claim.
So the longer you leave it the more you will be able to claim.
You may prefer to claim a smaller amount every 5 minutes,
or visit once per day and claim the large amount that has built up while you were away!
* minimum 5 minutes between claims per account/IP address.
** very quickly initially but it will slow down over time, click here for the actual rates.
No work needed - just wait as long as you want and click!
Your balance will be paid on Sunday each week if you reach 10,000 Satoshi!
No transaction fees!
Refer and get 50% of every claim!
If a user enters his address using your referral link, we lock that in forever!
Important: These rates are based on the current BTC/USD exchange rate, so they will change over time.
What is Bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.
Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.
If you want to know more then check out the full Bitcoin Wikipedia article or watch the YouTube video below.
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