Are the bitcoin faucets no longer worth it?

tuvok007

legendary

Activity: 1358

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Quote from: Bitfort on September 17, 2018, 06:41:25 PM

The thing is faucets were not designed to make some reasonable income for users. The orginal purpose Gavin had in mind (he's the one who made the first faucet) was IMO to spread the word and coins among users who are not mining. Some sort of advertising BTC.

Later it became very attractive for webmasters to get huge traffic. Simply buying an audience ... I've been there as well but few hacks and fact the major advertising companies cease accepting such traffic forced me to quit.

For me using faucets was a great start (I've been riding them a lot) but they never worth it at the time of using.
The positive comes when coin price skyrockets and you kept your free claimed coins ... and this logic still applies today.

So if you believe BTC (or some other coin) will increase in value then you can say it's worth it.

Thats true and it looks so funny now, that faucet was giving 5 bitcoins per claim lol in 2011! This is how Gavin told folks about his experiment:
Gavin: "For my first Bitcoin coding project, I decided to do something that sounds really dumb: I created a web site that gives away Bitcoins. Five ฿ per customer, first come first served, I've stocked it with ฿1,100 to start."

Locotoni

member

Activity: 490

Merit: 15

Quote from: Gabb on September 12, 2018, 09:46:06 PM

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?

when i was newbie in cryptocurrency, around of me, here isnot people with information, i teach with my allday tests. and when i got my first erc20 tokens, i send transaction fee (0.01 ETH :d) from faucetHUB.

its not good things for make money, but Faucets is good for learning. first free money + transactions. thets not bad.

Bitfort

sr. member

Activity: 952

Merit: 339

invest trade and gamble wisely

The thing is faucets were not designed to make some reasonable income for users. The orginal purpose Gavin had in mind (he's the one who made the first faucet) was IMO to spread the word and coins among users who are not mining. Some sort of advertising BTC.

Later it became very attractive for webmasters to get huge traffic. Simply buying an audience ... I've been there as well but few hacks and fact the major advertising companies cease accepting such traffic forced me to quit.

For me using faucets was a great start (I've been riding them a lot) but they never worth it at the time of using.
The positive comes when coin price skyrockets and you kept your free claimed coins ... and this logic still applies today.

So if you believe BTC (or some other coin) will increase in value then you can say it's worth it.

chulos

jr. member

Activity: 268

Merit: 1

Personally, i think sometimes it made sense to use different faucets, today it is quite a fortune to find a quality faucet. You will find a good faucet /for example on twitters or in a new coin thread/ that gives a decent reward, but after a few days it is no longer complemented by the dev team. What i remember, so were good faucets on Doge coins or Waves. Now i do not use the faucets because there is little spare time.

Aleksandr_763

newbie

Activity: 38

Merit: 0

I have heard a lot about bitcoin cryptocurrency. In early 2016, I still decided to try this kind of earnings. Before starting work, I was faced with the question: where and how to withdraw this currency? It turns out that in the Web Money system there is a special WMX wallet, to which the earned bitcoins are withdrawn. I started with the fact that I created a bitcoin wallet, tied it to a WMX wallet and began to look for ways to earn. Having shoveled a lot of information, I decided to start with bitcoin faucets, there are many of them on the internet. They promise free satoshi: from 1 to several hundred thousand. Usually, to get your satoshi, you only need to enter your wallet and captcha. It would seem that nothing is easier if not for the fact that for a month of endless captcha input I earned only 2 dollars 43 cents. It's too little! And if we consider that 1 bitcoin is 100 million Satoshi, then it becomes clear at once-to earn in this way it will take several years of continuous search for faucets and entering captcha. I collected my satoshi on FaucetBox.com, there are collected almost all the faucets and they are all operating. However, from this type of earnings I long ago refused. And you do not advise.

Nasonn

jr. member

Activity: 616

Merit: 1

I don't think they were ever worth it. I remember some years ago when I had to solve captcha codes everyday to earn bitcoin faucets but the problem is being able to accumulate the minimum withdrawal amount so that you will be able to withdraw them. I never reached the withdrawal amount so I quit halfway and decided to do meaningful things with my life.

jerrison

full member

Activity: 1442

Merit: 106

although everyone knows that few or little drops of water makes mighty ocean, it is still valid and acceptable a parable in any part of the world and in any field but in this field, it currently does not have value, the faucets i mean. but in time to come it may be worth it.

jak3

legendary

Activity: 1274

Merit: 1004

Yes, I also started my Bitcoin journey with faucets, they used to pay 1000 Satoshi per hour or maybe half. But they are a very good option to start learning Bitcoin you can learn better when you're actually spending the money. Nowadays things have changed the Bitcoin price is so high and put it on the way around 10 or 15 satoshi but people need at least one Million satoshis every week or month to survive on the internet. So Bitcoin faucets have become no longer useful but still, I can see that people use them which inspires me till now.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: olyolali on September 16, 2018, 01:50:40 PM

Quote from: Gabb on September 12, 2018, 09:46:06 PM

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?

for me the faucet is now not as it used to be. many faucets don't pay and just waste our time.
if I can choose I prefer to mine or invest in bitcoin rather than just waste time in the faucet without results.

Faucets are bad because your expectations are low. 5 years from now if you farmed a faucet you could maybe make 1 dollar if you clicked a few times. Now it's still 1 dollar. What changed is the number of satoshis per click. People who used faucets in 2010 didn't know that 3 years later Bitcoin will be worth 100 times more.

olyolali

newbie

Activity: 210

Merit: 0

Quote from: Gabb on September 12, 2018, 09:46:06 PM

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?

for me the faucet is now not as it used to be. many faucets don't pay and just waste our time.
if I can choose I prefer to mine or invest in bitcoin rather than just waste time in the faucet without results.

mostcrack

member

Activity: 548

Merit: 12

maybe I disagree with the word worthless. because from there we can produce bits of bitcoin which really have been proven to pay. it's just that, at this time the bitcoin faucet is less commensurate with the time we give. the article, we can spend a few hours with very little bitcoin income. after all, now there are so many other alternatives that we can produce bitcoin.

Dtony

newbie

Activity: 38

Merit: 0

Quote from: NoSkyLimit on September 14, 2018, 10:13:12 AM

Well did someone ever got paid using those faucets? I have read only scam things about them so I'm avoiding this kind of websites but I don't think they were worth anything anyway.

I’ve been paid recently $10 in doge for doing nothing for a few months. Working on another claim right now

KrishaBitcoin

member

Activity: 350

Merit: 11

W12 – Blockchain protocol

From the very start faucet is not reliable souce to earn Bitcoin because it is time consuming task better to join bounty campaigns or if you already in bounty then compare the earnings and the time spent then you will see the difference of time wasted if you are in faucet task.

adrianto1995

full member

Activity: 714

Merit: 160

At this current situation, Bitcoin Faucet just wasting our time. Because the amount that we have got is too low and it takes too much time to get the result...
If you are looking for free money better join the airdrops than the Faucet, airdrop still worth it for me...

JMD07

member

Activity: 378

Merit: 10

It's just a waste of time as those sites will not give your reward and it needs to reach on a certain amount before you can withdraw your reward. If you can join in a bounty program then why you need to use your time in faucets? I think only those newbies that did not know about bounty program will do faucets.

lienfaye

hero member

Activity: 3010

Merit: 629

Well before I also started earning through faucets and I thought its the reliable way to earn because its free, however if you think about it the time you spent solving captchas/claiming satoshis is not worth your time since the amount you'll get is low.

I think if you want to improve yourself dont just be content in btc faucets but try to learn other things that can help you to earn more like in trading.

bigblackdeck45

jr. member

Activity: 266

Merit: 1

Yes bitcoin faucets are never worth it in the first place. Faucets only gives you a little amount and is not worth the time at all. For me I believe there is no such thing as free in this world. You have to work in order to earn or get something. Free bitcoin is too good to be true and for me it will always have a catch.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: RaffiAndra on September 15, 2018, 06:30:10 PM

in my opinion, faucets are now not so profitable anymore, considering that there are now many airdrops that emerge, because in my opinion it's better to look for airdrops than play faucets

They weren't even worth it to begin because the rewards are adjusted to the price of Bitcoin.

Quote from: bitcoin31 on September 15, 2018, 06:58:23 PM

First of all for me , faucet is worth it to invest your time because you will get only some satoshi on faucet and you spend so much time and wait. But other people spend their time for faucet only.

How is it worth it? You're spending too much time just to get a few cents it might take you several weeks before you can reach the minimum threshold. You could get lucky from faucets like freebitco.in claiming $100 worth of btc but that's just a one time opportunity. The trade that you get from faucets isn't cost effective you can save more money and time by not using your pc to claim faucets.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

Quote from: Gabb on September 12, 2018, 09:46:06 PM

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?

will for now on faucet in cryptocurrency are not so profitable,since from the start i've learned doing faucet things in crypto i've earned only a small penny amount of crypto coins,and its cannot been convertible into fiat for our own needs,and its waste a lots of time to doing a faucet in crypto,otherwise its good also for a newbie who want to earn a small things and hold the tokens in your wallet and save it until grow its grow and you can used it into different transaction.

bitcoin31

hero member

Activity: 1834

Merit: 523

First of all for me , faucet is worth it to invest your time because you will get only some satoshi on faucet and you spend so much time and wait. But other people spend their time for faucet only and they get only some satoshi only. Only few people can earn more than 100k satoshi if they have a lot of referrals.

Topic: Are the bitcoin faucets no longer worth it? (Read 716 times)