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I started mining on the testnet and my main account (Etherbase) is getting ether quickly. It started 20 min ago and already have almost 300 ether and counting, which I think is a lot of money.

Is it just fake because I am on testnet? Is it not really ether, but something which is not worth that much?

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The testnet cryptocurrency has no value and is restarted regularly. The only point mining on testnet is graciously helping to maintain the testnet blockchain. And actually I am not sure it helps much.

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