Now I came to know the reasons and goals of Bitcoin

I came to know bitcoin online sometime in 2010. I am engage in generating income from the web through paid to click, surveys, blogging, marketing and advertising. I don't care about bitcoin but i had encountered  the system.  When i became a member of digital coingeneration.com in 2013 that was the time that i came to know "bitcoin" because coingeneration.com is earning a lot with bitcoins. Other competitors of coingeneration had also came out with their own site like "EOBOT" the first bitcoin and crypto mining that i had known.  That year is the start of "bitcoins" being so popular and i had know the first crisis related to bitcoin was when "silk road" was shutdown who  was suspected of trading drugs and using bitcoins as the means of payments. Until now the second big "scandal"  is about Mt. Gox whom again was related to bitcoin, where a lot of investors on bitcoin had lost their money.

When i started with bitcoin also in 2013, i was only interested with the earning aspect of the system. I create a blog about bitcoin and post articles about the sites that gives free bitcoin. My idea was to gather many bitcoins that i could through this sites and later exchange it to a fiat currency.  I know also that bitcoin had to be "MINED"  but i prepare to just click on sites that gives free "bitcoins".  And i am also starting with other crypto currencies which i believe are are the same with "bitcoin". Because of  the scandal on Mt. Gox i am studying  more about bitcoins its origin, how it was develop,  what is really the bitcoin, where it is going  and who are behind this?  So through video's on you tube it had given me a wider and deeper orientation about bitcoins, the very popular ANDREAS ANTONOPOLOUS  the Bitcoin Evangelist and security expert of Blockhain.info  is the MAN to be consulted , here is a video on one of his DISCUSSION ABOUT BITCOIN;

With this video now i know the reasons and goals of bitcoin system

Alternative Programs sharing CPU power

The making of this new blogsite  was an offshoot of relatively new experienced with coingeneration which was a site that has a program of sharing CPU power thru thread and provides earnings out of the services by the site to its client sharing the PC power of members.  At first what i knew when i registered with the site was that it is just like other sharing power of the PC  just like the programs PeerGomez who is also a site that provides you with a software which is installed in members computer and letting it run and helps the site PeerGomez with its client then you got paid monthly  The difference with coingeneration is the payment PeerGomez only pays as much as $30 a month but not like coingeneration which is more bigger. But having problems with coingeneration regarding the payments,  there is a  need to look for "Alternative Programs which is also sharing CPU power oriented.

With digital generations undetermined time to cashout  or let us say beginning to rectify his errors it is still  imperative to look for other programs which is related and or similar  with digital generation.. Some members are saying that coingeneration is "ponzi". Let us research and really found out why they say this or they also are on  the "bandwagon mentality" ,, where there are people clustering on a site there is activity and  there is money".

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.<sup>[1]. If we will look at coingeneration.com , there was really an investment and a high return but an investment gives you a thread manager software. There is a product that generates the earnings which was the business of coingeneration.com. The scheme had not been continuing because of some problems with the funding and payment processors.  So i do not think coingeneration is a "ponzi". 

A competitor of  Eobot.com is  coingeneration.com as what the site describes digital generation. Eobot.com is a mining site that generates and deals with bitcoin convertions and exchanges. Having said by Eobot.com that coingeneration.com is a competitor , it indirectly describes the kind of business coingeneration is doing which was  still not clear to the members even if it has a goal and an objective. 

Here is an image from Eobot.com  describing others not to join coingeneration.com where it indirectly states that coingeneration is also a bitcoin mining site.</sup>

Looking at the chart it describes the competitors of Eobot.com , which is a bitcoin mining site one of the competitor is  coingeneration.com . This describes probably how  coingeneration is  working and it also has matrixes  to level 2  which probably makes it have more earnings but this is still  just a part of the picture for coingeneration.com.  What is clear is that  all of the above  "competitors"  are using bitcoin,  so the need to search more about bitcoin  is very important.