Have you ever heard of the CryptoTab bitcoin mining plug-in? If you are curious to know more about it, then read our review of this Chrome web store app.
What Is CryptoTab?
The principle is to ‘earn bitcoins while using Google Chrome web browser'. That is the hook CryptoTab uses to try to and position themselves to you – great concept right?The idea is that you download a plug-in extention for Chrome and then you will be able to mine Bitcoin while you use your browser and surb the web, which will make you earn Bitcoin for doing so with the app activated. You can also invite friends and earn more Bitcoin. The company states that you will be able to earn more than 1 BTC in a single month (which is actually pretty hard to believe) but does not say how many people it requires for that earning potential. As long as Chrome is open and you have the plug-in you will be able to mine cryptocurrency.
How Does CryptoTab Work?
The idea is that CryptoTab is a huge mining pool which uses the collective power of many computers to earn Bitcoin. This is known as a mining pool.You will be able to log in your account by using your Facebook or Google account. This is a good idea because your Bitcoin balance will be always safe. If you accidentally delete your app, you will lose all the Bitcoin that you already have mined if you do not create an account.
Have you ever heard of a Ponzi Scheme? That is exactly what this is. You will get money from the people that you invite but you have to invite more people, which will also have to do this. This is not a sustainable model of business, which means that this company is basically doomed. You will only be able to get any money by basically scamming people into calling other people to be scammed.At the moment, you can only use this platform via your desktop computer. The smartphone version is still not online at the moment.
How To Invest In CryptoTab?
It is very easy to use the app. You have to download it and then install it on Google Chrome. It is important to perceive that this is not an official app sanctioned by Google and nor it is a very good investment, so be warned that it might not be a good idea to use this program at all.You can also increase the speed of mining by using the settings of the CryptoTab plug-in, but this will make you spend more processing power than you would be if you just left the settings on Normal, so it might not be a good idea if your computer does not have a high speed processor.Payments are made twice a day and the company has proof that it pays, so you can be at least somewhat secure that they will really pay you for using the app.
The CryptoTab Verdict
As we stated above, if you want to try to passively earn Bitcoin (BTC) this is virtually a risk free venture. The only downside risk you might face, assuming in fact you will earn Bitcoin by using this cryptocurrency web browser tab extension, it will probably make Google Chrome noticeably slower. It will be up to you to decide the pros and cons of using a slower computer when surfing the internet or can pick and choose when to use the Crypto Tab app to see if you will earn enough profits to justify all of the mining power contribution.One thing is for sure – there are not many applications like CryptoTab to choose from that allow you the legit possibility and opportunity to earn bitcoin passively. Especially if you take into consideration and compare the faucets or HYIP programs promoted all over the Internet. While we tend to favor the fact that everything that sounds too good to be true (in real life and especially cryptocurrency space), it likely is but this one might just find a sweet spot that allows users to monetize their internet computer power in exchange for mining bitcoins by just making a decision to try it out – you can download CryptoTab here.