Mining is a process of extracting Bitcoins currency.Bitcoin mining is a business – most people mint Bitcoins to gain profit.Bitcoins are minted using a special software (known as Bitcoin Miner) which tries to find a new block in the chain of Bitcoin network.
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Technically, a computer has to perform long and tough hash calculations to find a new block. You can send Bitcoins to a person, buy goods, or donate to non-profit foundations who accept it, such as Wikileaks, P2P Foundation, Operation Anonymous, Free Software Foundation,
You can send Bitcoins to anyone once you know their bitcoin address. It is a specific commodity that is an equivalent form of evaluating other goods and services, which was agreed by some group of people.
Meaning that money in itself is not valuable, valuable are the things that can be bought for it.
Money is like energy – if it appears in one place, it disappears in another, this is the way how economics work. Of course, but, for that, someone must earn it and then give it to anybody else.
On the similar principle charity funds work – rich people give the part of their income to help poor ones.
Or one can become a philanthropist – to finance art projects with unselfish aim.
Far from unselfishness are the owners of network resources that offer free Bitcoins or other crypto-currencies.
These resources are called faucets, because they function in much the same way – like those devices in your kitchen or bathroom, when closed not tightly – drops of “reward” periodically fall and you have to catch them.
To receive these “drops” you have to just visit a website, enter your Bitcoin wallet address, pass the verification procedure and prove you are a human being, and spend several moments of your precious time before you take your reward.
This moment of your time is your payment for the free Bitcoins.
Websites place ads and, while you were waiting, you were looking at them and maybe even clicked on one of the banners.