Coinpot Launches

If you like claiming from faucets for bitcoin, litecoin and dogecoin then you know the recent struggles it has faced over high transaction fees. This issue has come as a result of the increase demand of transactions on each of the blockchains. Each block can only hold so many transactions so to have your transaction take place in a timely manner you need to outbeat everyone else who is paying a fee to have their transaction included in one of those first few blocks.

Example bitcoins blocks are about one every 10 minutes. If your not able to fit your transaction via paying a higher fee in the first 6 blocks then you can expect to wait at least a hour for your transaction to take place. As new coins come out they now see this bottleneck and are making changes to help avoid this while keeping fees down and allowing more transactions per block.

You can join Coinpot by clicking here

What Does Coinpot Do?

Coinpot takes faucet transactions from sites such as Bonusbitcoin.co and Moonbit.co.in and stores the earnings off the blockchain only paying them out when requested. This greatly reduces the higher payout and transaction fees that would normally happen on a faucet that pays directly to a wallet instead of a 3rd party system such as coinpot.

I suspect many more faucets to come from this program and hope they soon release a script that can be used for others as I would love to run a faucet of my own again on Bitcoinflood.com

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