faucets have never been "worth" it even when they were paying higher amounts such as 1000 satoshi, i would even say that faucets weren't even worth it back in the time when there was one and it was giving away 5BTC per claim!
it is never about the amount, it is about the time you waste on claiming them and also the risks you are putting yourself in. for instance a while ago there was a vulnerability in Electrum RPC calls, a faucet forces you to disable your ad block so they can run any script they wanted on your computer. if you had your Electrum open (without password encryption) and was claiming a malicious faucet it could technically steal your coins.
as for waste of time. the time you were wasting a couple of years ago claiming 1000 satoshis could have been spent earning 1000000 satoshi!
Topic: Are the bitcoin faucets no longer worth it? - page 5. (Read 716 times)
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?
That's right, I thought it was not working. We will not have many effective strategies at this time. But if you are a believer in Crypto, you should invest in Bitcoin and determine to hold them for 3 years. That would be a most wise decision. 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?
If you know that much about it then surely you can feel the difference between that period and the current period of the faucets earning. Literally faucets are getting way down in the payout and its not because they dont want to pay you but its because the prices of the crypto currencies have gone wild. Specifically bitcoin I am talking about, where they are paying you the same rate of Satoshi as they did back in those days. Dont look at it in BTC way but they look at it in USD value. If they start giving you 1000 Satoshi then they would end up giving you huge money for very less value of their income. They need to look after their profits too.
After I knew about trading and bounties, I've already ignored some apps and website faucets. I do not have enough patience waiting and waiting to reach the minimum withdrawal amount. Somehow, some still using fauvets hoping to have free bitcoin. There is some luck for others.
Certainly they aren't worth it. You would earn better by doing bounties here or working on Steemit rather than doing that mindless work.
Yes, if you can't/don't want do any jobs and you believe Bitcoin price will rise a lot in future.
No, if you have other job or don't think Bitcoin price will rise in future.
Faucet is only useful for beginner to know more about Bitcoin works especially about address, transaction and wallet, but don't want/can't buy Bitcoin.
No, if you have other job or don't think Bitcoin price will rise in future.
Faucet is only useful for beginner to know more about Bitcoin works especially about address, transaction and wallet, but don't want/can't buy Bitcoin.
No I don't think they are worth it, they're referred to as micro-earnings for a reason. I guess if you honestly have nothing else to do it's something but doesn't seem worth the effort.
I wasn't around when faucets were big. IIRC they were meant to be a way to help push adoption and bring people to bitcoin in a risk free way. It was a beginners tool, you earned free BTC and could then practice sending transactions, creating wallets. Any that still exist now I would expect to be sending out very small amounts for the same purpose as the originals, remember it's essentially a charity for knowledge.
The few I have seen now though I think are usually geared as a promotion for a website, or casino. So they come with their own agendas.
I wasn't around when faucets were big. IIRC they were meant to be a way to help push adoption and bring people to bitcoin in a risk free way. It was a beginners tool, you earned free BTC and could then practice sending transactions, creating wallets. Any that still exist now I would expect to be sending out very small amounts for the same purpose as the originals, remember it's essentially a charity for knowledge.
The few I have seen now though I think are usually geared as a promotion for a website, or casino. So they come with their own agendas.
Nope. I don't think faucets weren't made to be monetized with in the first place. It was more of so that the people could test out and transact with bitcoin without putting in money.
Honestly if you're going to find something to make money on, look for something that also can actually improve your skills. You literally don't learn anything from collecting faucets alone as all you're going to do is solving captchas.
Honestly if you're going to find something to make money on, look for something that also can actually improve your skills. You literally don't learn anything from collecting faucets alone as all you're going to do is solving captchas.
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?
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?
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