Posted on: 08. March 2018

Faucet

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What is a faucet?

Faucet is a reward system in the form of a website or app. The rewards at Bitcoin are spent in the form of a Satoshi, which is a hundredth of a millionth of a BTC, earmarked for visitors in exchange for a captcha or a task from the website.

There are also faucets that issue alternative cryptocurrencies. The Bitcoin Faucet was developed by Gavin Andresen in 2010.

Operations

The operation rewards are issued at various predetermined time intervals, as a reward for completing simple tasks such as captcha completion and as prizes from simple games, like the Bitcoin-Fidget-Spinner.

Faucets usually give fractions of a Bitcoin, but the amount typically varies according to the daily value of Bitcoin. The typical payout per transaction is less than 1,000 Satoshi, although some faucets have bigger rewards.

To reduce the mining fees, faucets usually save these small, individual payments in their own books, which then add up to make a larger payment, which is sent to a user's Bitcoin address.

Since Bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers who steal the bitcoins.

Purpose

The primary purpose is to familiarize users with Bitcoin, and faucets are a great way to lead new people to Bitcoin or any other Altcoins.

Most faucets provide information to new users and offer them some free coins so they can “try before they buy” by experimenting with one or two test transactions before they bring in real money.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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