Moneybit (Bitcoin Generator Bitcoin Generator) reviews

Online Bitcoin generators: advantages and disadvantages

This is the easiest way to earn coins, which does not require downloading and installing software. Financial investments are not needed, but the income will be small. To earn from 100-200 dollars a month you need to visit various cryptocurrency faucets and request payments as often as possible. Or again, connect a bot that will do this for you.

Reference! Cryptocurrency faucets are sites that pay users for simple tasks: entering a captcha, viewing ads, following links, etc. Such services exist at the expense of advertising. The more users visit the chat, the more clicks on advertising banners. Thus, faucer owners receive profit from advertisers and share part of the funds with visitors to their site.

The main advantages of online generators:

Quick registration. You can register on different resources at the same time. This will take no more than 5-10 minutes.
There is no need to invest money to purchase expensive equipment.
Most services credit coins around the clock, even if your computer is offline.
You can earn Bitcoins from different gadgets, including mobile phones.
Referral programs offered on Bitcoin faucets allow you to increase your income several times.

Disadvantages include small profits and time consumption. Although bots make your work easier, they do not guarantee an increase in income. If you want to receive more than $100 per month, you will have to use both automatic and manual modes. Also keep in mind that there are many scammers in this segment. If a faucet offers huge profits with minimal time investment, this should immediately alert you. Never transfer money to any account, remember that cryptocurrency faucets are free online services that pay and do not require money.

To avoid falling into the hands of scammers, start with simple and proven faucets. After spending an hour or two on a thematic forum, you will already have an initial idea about a particular resource. When registering, be sure to check the domain zone (.com, .io, .ru, etc.), since there are many scam projects that pretend to be trusted services. Today there are a large number of rotators that serve as a directory for quickly searching and viewing faucets.

What is a bitcoin generator

In simple terms, a Bitcoin generator is any program that allows you to get BTC in some way. Today, a total of six types of bitcoin generators can be named, in addition to trading cryptocurrency on the exchange:

Mining farm. Note that due to the growth of the Bitcoin network, this method has recently lost its relevance. It is extremely difficult for video card farms to compete with industrial mining on ASICs and other integrated circuits. However, there are still crypto enthusiasts who continue to slowly but surely generate bitcoins in this way;
Mining in a pool. This point flows smoothly from the first, since users who continue to mine Bitcoin on the GPU most often join a pool, combining the power of hundreds, if not thousands of users;
Cloud mining. Despite the fact that some consider this type of Bitcoin generator to be a myth and a scam, there are still companies that are really stable in this field;
Bots. One of the simplest methods that does not require any investment. These can be both programs on a PC and built-in bots in instant messengers, for example, Telegram;
Online generators. Like bots, they are built to automatically collect Satoshi from Bitcoin faucets. The user watches an advertisement, solves the captcha, for which he receives a small amount of cryptocurrency;
Bitcoin games. They come with or without attachments. The principle is to incentivize players with payments in Satoshi for winning. Today, quite a lot of such games have been created, these are various lotteries, arcades, strategies, simulators and even RPGs.

Now let's look at each method of generating bitcoins separately.

Verified Bitcoin faucets

Here is a list of the best, in my opinion, faucets that pay consistently:

Autofaucets is an automatic faucet for solving captchas. To do this, you need to install a special extension in your browser, which will collect Satoshi while you go about your business. For now, the program is free for users, but the developers are preparing a more universal and profitable version that will need to be purchased. If you install the extension and leave the tab active, you can earn up to 5,000 satoshi per day. You can increase your income using an affiliate program. From the profit of each referral you will receive from 5 to 25%.
Bestrotator (inactive) is a directory of cryptocurrency faucets for quick searching. It does not require any special programs or equipment; you just need to register and set up a profile. Bestrotator offers many benefits, including the ability to work with different digital assets.
Bitfun is a reliable faucet with free Satoshi distribution every 10 minutes. Earned funds are withdrawn to the CoinPont wallet. This is a one-page site with a moderate amount of advertising. To get started, you need to register.
MoonBitcoin is one of the most popular faucets with payouts every 5 minutes. To earn more money, you need to visit the resource as often as possible and request payments. Funds are also withdrawn to the CoinPot partner wallet, from which you can withdraw money to any external wallet. The advantage of the faucet is the variety of bonuses: bonus for tasks, referral loyalty bonus, referral program, etc. If you use all the features, you can make relatively good earnings.

The list of faucets can be listed for a very long time; it’s easier to go to a good rotator and evaluate the services yourself.

What are the types of Bitcoin generators?

Let’s dot the t’s: consider all types of BTC earnings that at least nominally belong to the “generators” of cryptocurrency.

This includes both reliable sources of digital coins and dubious options.

1) Farms for the “production” of cryptocurrency

Mining is the extraction of bitcoins using computers, or rather processors. Processors solve mathematical problems, confirming transactions made by users of the Bitcoin network. The creation of new blocks is, in essence, the emission of new coins, since cue balls are nothing more than entries in registers.

Mining – supporting the operation of the blockchain and creating new blocks. Without the participation of miners, the Bitcoin system will simply stop, because this is the basis of its viability.

To become a breadwinner, desire alone is not enough. We need production capacity. If a few years ago a regular computer was enough to generate new blocks, now special equipment is needed. Even modern video cards, which were used to mine 1-2 years ago, are not enough.

No, no one will forbid you to calculate blocks on video cards, but whether you will get a reward this way is still unknown. It is likely that it will not be possible to wait for the block to be calculated even after a year of constant work.

Large farms have dozens of processors assembled into a single network. Energy consumption is colossal, as is the cost of the farm itself. Either industrial companies or wealthy people can afford this.

Information that a novice “farmer” needs to know:

professional mining equipment is expensive;
the farm pays for itself in at least 12-15 months;
technology quickly becomes obsolete;
the process is accompanied by high electricity consumption;
The complexity and duration of computing on the network is growing, and the reward is falling.

Experts say that it is no longer profitable to engage in private bitcoin mining. Fortunately, there are other types of cryptocurrencies besides BTK. Some, for example, Bitcoin Cash or Ethereum, do not require such financial costs and are mined on regular video cards.

Read a separate article on how to buy bitcoins for rubles.

2) Bitcoin pools

Either millionaires or altruists mine BTC alone. The rest gather in pools - communities that monitor the even distribution of rewards and regulate the production of cryptocurrency.

Mining crypto coins as part of a pool is much easier and more reliable . It's like a miners' union supporting its members. But it is important to choose the right community. There are large and promising pools, and there are small pools, without any guarantee of reward.

A special type is cloud mining pools (OM). This option is for those who do not have the funds to buy a farm or do not want to tinker with equipment. Invest money in renting equipment, download software and receive rewards online without building a farm.

But there is a catch: a significant part of sites posing as OM services turn out to be either scammers or intermediaries. But if you manage to find a truly honest resource, be prepared to pay a hefty price.

Advantages of cloud mining:

don't buy equipment;
don't pay for electricity;
don’t look for software – the program is provided by the community;
you hardly have to worry about setting up the equipment - professionals will do it for you;
predict your profit yourself - it depends on the capacity you rent.

But I repeat, there are only a few real OM sites on the network.

But there are plenty of investment firms operating on the principle of pyramids. Sooner or later such projects are closed. “Mining has failed” is a phrase known to all cloud miners.

3) Bitcoin generator bots

Bitcoin bots generate rewards in Satoshi for everyone, which, upon reaching a certain threshold, users withdraw to their wallets. The program is downloaded to your computer for free, and its script performs the actions necessary to receive rewards on faucet sites and other similar resources.

But this is a theory. The practice is somewhat different. The power of your computer that the organizers of such sites talk about is actually of no use to anyone. But you need money, which scammers want to get from you in one way or another during the interaction.

Criminals play on people's gullibility and sometimes greed. Users themselves do not notice how they find themselves in a trap. It’s good if the losses are insignificant – within 1000 rubles. Sometimes attackers manage to scam lovers of freebies out of larger sums.

To be fair, I will say that there are also quite harmless resources with automatic or manual withdrawal of earnings. They pay rewards for simple tasks performed by users. But basically this is not related to mining - they share with you part of the income from advertisers, presented in a fashionable “cryptocurrency” format.
Some “earners” even earn several thousand rubles a month from referral programs there. But only until the site stops paying.

Generator comparison table:

BTK mining methods	Expenses	Reliability
Mining	High (from RUB 100,000)	High
Cloud mining	Average	Average
Bots	Zero	Low

Reliable generator bots

Among the large number of similar programs, I will highlight the following:

Hack . This is an old BTC generator that is suitable for smartphones and mobile devices. The site has a clear interface and has been paying consistently for several years. The program can run in a browser and is available without installation. On the developer's website, Hack can be downloaded completely free of charge. Try not to install a bot from third-party services, otherwise you risk running into scammers. Often, such programs hide a virus to steal personal data.
BTG4GEN . The program has been operating since 2014 and is a leader in its category. In my opinion, BTG4GEN has no worthy competitors. The software is quickly configured and installed, even beginners can cope with this procedure. The developers are constantly improving the functionality of the bot and making it possible to use it for free. A good indicator of BTG4GEN is the rapidly growing number of downloads.
SuperBit v5 . Although this is an old version of the program, the user base is quite large. This is a semi-automatic device, that is, the bot makes it easier to navigate through various sites, but it does not solve the captcha on its own. The advantage of the program is that it has a clear interface and is easy to install.

There are also paid bots, but I don’t see the point in them, especially for beginner crypto-maniacs, since free programs do an excellent job of collecting Bitcoins. Although you can use several software at the same time, and only then draw conclusions which one is better.

Types of Bitcoin generators

Let’s take a closer look at what types of Bitcoin generators exist.

Farm

A Bitcoin farm is a good choice for those people who can afford to buy powerful equipment. You can create a farm yourself, or order a ready-made, assembled version. All this requires large expenses, but the payback occurs quite quickly with a competent approach to the matter.

Sometimes users form groups, combining their capacities into a single small server, guaranteeing even higher profits. Each participant needs to download a special program for this. Such servers are called “pools”.

Bitcoin pools

A Bitcoin pool is a cloud that combines the technical power of several hundreds, and in some cases even thousands of users. Such a service can solve problems much faster than individual computers. For each solved block a reward is awarded. Profits are divided among users proportionally depending on the invested technical capacity.

The advantages of Bitcoin pools include:

The highest and most stable income.
Good chances of decrypting the block.
Does not require large investments.

The downside is that you still need to purchase your own farm, so you can’t do it without expenses.

Bots for generating bitcoins

Today, the generation of bitcoins can occur without any investment at all. Bitcoin bot is a special program that will allow the owner to receive a small amount of cryptocurrency without any special financial costs. In this case, everything is done offline.

One of the leaders in this direction is BTC4GEN - the program has been operating since 2014, is characterized by ease of use and high income. You can also pay attention to bitcoin generator hack - an updated version of the program was released in 2020, it can be used even without installation. And one more representative – SuperBit v5. This generator has not been updated for a long time, but it still allows people to receive a stable income in the form of cryptocurrency in a semi-automatic mode.

Popular Bitcoin pools

The choice of a pool must be approached with particular scrupulousness, since unlike faucets, which are absolutely free, here you need to make an initial payment. And if the site turns out to be a phishing site, you will lose a tidy sum. Especially considering that most services require a 1-year contract.

Popular Bitcoin pools that pay consistently:

Antpool is a Chinese service, a leader in its industry. It accounts for 20% of the total hashrate of the Bitcoin network. The service belongs to the well-known company Bitmain, which produces ASIC devices. An additional feature is cloud mining. Technical support is stable and helps with any questions. But if you want to ask for help, then you will have to do it in English.
ViaBTC is a large pool that additionally offers a cloud mining service. You can also order a transaction acceleration service, but it is not free. Although the site is aimed at Chinese users, it is translated into 5 languages, including Russian. There are applications for IOS and Android that provide 24/7 access to the site.
F2Pool is another Chinese multi-currency service. This is one of the first pools, founded in 2013. Developers regularly expand the functionality of the service and add new digital assets for mining. F2Pool is considered a simple and lightweight resource. Miners are rewarded after providing a share of proof of work. There are applications for IOS and Android. The disadvantage is that the site does not support the Russian language.
BTCC is a service owned by the same company Bitmain. It does not have a very simple interface, and it is not easy to configure. But it pays consistently and has a large number of satisfied customers. Payments are made daily at 00:00. The transfer is credited within two hours. There is no withdrawal fee, you only pay for the internal transaction in the Bitcoin network.

These are not all the pools that you can take a closer look at. No less stable are BTC.com, Bitclub Network, Bitfury, BW Pool.