Bidvertiser

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I have heard that apart from Adsense there are ad generating programs like Bidvertiser.How is it's report? I mean how does it fair as opposed to Adsense? I have also come to know that you should have a certain number of hits daily otherwise you can't signup. Is it true? Can I go on with both Adsense and Bidvertiser? If I want to change or add Bid... can I do it? Will I have to delete the adsense code? What is Bid... minimum payout?