Autofaucet.org

Showing posts with label tekcoin. Show all posts
Showing posts with label tekcoin. Show all posts

Friday, June 3, 2016

Creating your own Wealth with Cryptocurrency.



A while back I had stated that cryptocurrency was the gamers currency. That statement was a fact. Yes I compared it to WARCRAFT, but that is only because the WARCRAFT game is one of the strategy games. Another strategy game that helps you understand this currency is MONOPOLY TYCOON.

I have already shown you the TEKCOIN wallet that is mining to itself and gains interest, which becomes an AUTOMATIC depositing savings account that adds interest just for keeping your wallet open to secure the network. Why stop there? Another Wallet I have downloaded and got completely synced with the network was Evergreencoin (EGC).

This is another wallet that I have set to mine to which adds interest, or staking too. In theory, I have built 2 credit unions which are for me. Some of the benefits I get from it are:

1. NO FEES FOR INACTIVITY. I do not have to check up on it, I do not have to do anything. The mining and the staking, or interest, are on fully automatic.
2. NO CHARGES OR ACCOUNT START UP FEES. You will never have to pay anything to set up your wallet and start getting coins to it.

As you can see, with BITCOIN there are so many things you can friggen do with it, that you only limit yourself. Understanding how these strategy games were played, makes it that much easier to use this currency and get the most out of it.

Tuesday, May 24, 2016

Mining with a purpose

The one thing that I have done here is set up a do-it-yourself automatic depositing savings account.

 What I did first was to download the Tekcoin Wallet. I did this because Tekcoin is one of the currencies that has no limit on how many coins. Once I ran the wallet I let it sync up and after it was synced to the network I encrypted it,as well as unlocked it for staking only.

Once that main step was completed I ran my bfgminer program that I had set up to mine Tekcoin to my wallet using the address for that wallet.

Now coins are coming in automatically every so often, and when they get to a certain amount they will stake or add interest.

This will continue to deposit Tekcoin into my wallet and stake without me having to do anything at all. Think about it, I have a fully automatic depositing savings account.