What happens to the mined crypto?

Started by keiron, Aug 04, 2022, 10:14 AM

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keironTopic starter

It's interesting for me that a lot of people are trying to mine crypto and are starting to work very actively with bitcoin faucets. SATOSHI accumulated, people get frustrated and throw it.
What happens to the accumulated SATOSHI and how much is it stored?
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Ekatherina

Probably these SATOSHI need to be withdrawn, otherwise they will simply burn out. After all, the taps themselves often close, and then you can't get close to them. The same applies to games, where you need to display everything at once, as I think. The good question is what to do to prevent this from happening?!

What was not taken from the system by those who allegedly earned, everything returns to the creator of the bitcoin faucet, most likely, and this would be logical.
And in order to avoid problems with the withdrawal, it is necessary to choose faucets with a small minimum wage and automatic withdrawal.
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arthyk

I think the creators of bitcoin faucets are also counting on this, i.e. the name is loud and attractive, but in reality it is not so easy to get the same minimum of 10k satoshi. At the stage when the user is desperate to collect the required amount, he is offered even more murky schemes to allegedly speed up the process: referrals, parallel work with many faucets, etc. All this serves the only purpose - to gain as many "free" ad views as possible for their customers. :D
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nikola Kras

I know a lot of people who have forgotten the passwords from their crypto wallets and cannot log into them. Your Satoshi will not go anywhere for a very long time, the main thing is just not to forget the wallet data. Thus, a lot of bitcoins are simply inactive and not used in any way, and people have lost hundreds of thousands of dollars.
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plccourses

The technological advancement of blockchains will bring big dividends to developers: in addition to forks, analysts predict a wave of mergers and acquisitions, when as one blockchain becomes obsolete, each token becomes exchangeable at a fixed rate for another acquirer token.
Most likely, there will be as many tokens as there will be open source companies in this market.
A separate direction will be the promotion of non—commercial, but useful for humanity services - the use of crypts for non-commercial purposes. Crypto startups will become commonplace: by the end of the first half of the 20s, almost every tech startup will have a cryptocurrency component at its core.

Relations with government regulators in many countries remain vague or unclear. Bitcoin is legalized or at least allowed to be used by individuals in Japan, the United States, Singapore, Switzerland, Canada, Denmark and Sweden.
The reasonable fear of many states that the crypt can completely displace fiat and make banking systems obsolete atavisms has every reason. It is still unclear whether bitcoin will be legalized around the world, or will remain in the shadow segment where the state seeks to tightly control the financial market.
What we are already seeing is a real revolution in the financial sphere. Many analysts tend to call this a colossal disaster for investors.
But one thing remains clear — cryptocurrencies have become a new technological response to the inability of an aging economic system to respond to modern challenges — be it a pandemic or a shortage of chips. Because at the heart of the crypt is not a natural hydrocarbon, but the "gold" of the future — mathematics.
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