BitTube Review, Earn Free Cryptocurrency By Watching Youtube Videos

arantuil (47)in #bittube • 6 years ago

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What is BitTube?

The BitTube platform is a platform for video content that is free from censorship. It also does away with centralized storage, and aims to remove the need for advertising to generate revenue.

Instead, content producers will receive payment simply for producing and uploading videos. Viewers can also receive payment for viewing videos. The payments will be made in the native currency of the BitTube platform, known as the BitTube Coin (TUBE).

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BitTube in the Browser

The BitTube application lives completely in the web browser, so users don’t need to download and install any special software to view content uploaded to BitTube. It’s also possible to identify any video on the network with a hash, allowing it to also be viewed.

Live video is also a possibility, but the creators of the live videos do need to install the BitTube Sender application that allows them to share their screen. The application will deliver live broadcasts directly through the IPFS peer-to-peer network, and avoids the need for a centralized data center by uploading data directly to the BitTube network.

Payments for Content Viewers

In addition to content creators getting paid, the economic model of BitTube also provides payments for content viewers. This happens as viewers mine TUBE while viewing videos. Those coins get divided between the content creator, the content user, and the BitTube project.

Because content owners can get paid from the very first view of their videos, it isn’t necessary to have huge subscriber counts to earn TUBE rewards. Content owners receive 70% of the rewards created by mining, while viewers get 20% and the BitTube project receives 10% to help with development costs. This model allows users from low income areas to make a potentially substantial income stream simply by watching videos.

TUBE Technical Details

The BitTube platform was created using the C++ programming language, and the Monero codebase was used as a template for the project. This means that TUBE was initially based on the CryptoNight proof-of-work consensus algorithm, which made it fully ASIC-resistant.

Because ASIC miners were created for the CryptoNight algorithm in early 2018, BitTube forked on July 2, 2018 and switched to the CN Saber algorithm, allowing it to remain free of ASIC mining. That means home miners are still able to mine TUBE coins with their computer GPU.