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Bitcoin Blog a1

Friday, January 18, 2019

Bitkong



So I’m trying a new site out, bitkong. Bitkong offers a captcha-free faucet, but how it works is different than other faucets I have tried. You get 1 bit every 5 min (with Facebook verification) but you have to spend it right away on the game they have. If you have basically any amount of money in your account, you can’t use the faucet. There are different levels and each level has either ⅓ , ½ or ⅔ chance of you losing. Per the site, ”100.00 ƀits transaction fee will be deducted from your withdrawal amount. Minimum withdrawal amount is 2,000.00 ƀits.“

You need to get pretty lucky in order to get any money off of this site. To be exact, winning just once isn’t very meaningful, as you need to get to 2,000 bits in order to even withdraw anything. It seems that maximum winning in the easy setting will result in multiplying your original wager by 42.5; doing this twice would result in about 1,806.25 bits. But the odds of winning the easy game just once is (2/3)^10 or 0.01734152991 or 00.003% chance to win twice and almost have enough to actually win something. Also, you only get 500 chances with the faucet, which means that winning isn’t an eventuality. You probably will run out of chances before you actually win.


It is provably fair, like other games of chance sites. But that is a topic all on its own.

They also have a referral program, so use my link above, or here https://bitkong.com/en?r=mJdSKHYy and maybe I will get something out of it. Just to be clear, I don’t condone gambling. However, if it is at no cost to me, I am fine using the free bits they give in the faucet for a chance to make more money. However, it doesn’t seem to be that good of a use of time.

Sunday, January 13, 2019

The Bit

Back when I started this blog, there was not much by way of cryptocurrency news. But now days, that is not the case! There is a lot of news. One of the news sources I use is the bit, it's a daily email with some of the top crypto related stories. Sign up under my referral link here:


With this being said, I probably will not post as often on this site, as there is not so much need for bitcoin news. I will likely focus on personal stories or crypto related content that affects me personally. For all my loyal readers, thanks for coming along on this adventure, and there is still content coming, but just possibly not in the same way it used to be.


I also have some old content I didn’t get out:

I saw this comment on reddit and was intrigued, what type of scam is this? Shouldn’t it fail pretty quick? It looks like they have a pretty good url and a pretty good interface, but it looks like it may just be a straight up scam.