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Topic: [EDU - Warning] Faucet types and what you should know about them (Read 340 times)
Faucets are awesome and definitely the best way to help newbies to get familiarize with the concept of bitcoin and other cryptocurrencies in general, but there's one big problems with faucets these days. Mosts faucet owners who wants to gain bigger income can go too far with advertisements. They don't really care about user experience. When I started collecting from faucets years ago I enjoyed it from the first moment on. If I would be a newbie to bitcoin world today and all I would see popups, redirects (probably several of them with adult content) I would run in the opposite direction and never come back. Try claiming a faucet like that with a real time malware protection software on. If a good quality and stable advertisement network would appear what would give users at least a minimum amount of income and quality ads only, it would solve this problem easily. Fortunately there are some great people providing awesome faucets for us - And they serve the purpose what faucets were originally created for. It's a good thing and I hope all newbie bitcoin users will find those faucets 1st and not the dangerous ones .
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Great info and thanks for helping to keep people safe.
You da man mex!
You da man mex!
Hello,
a lot of people mix the terms "faucet", "faucet game(s)", "Ponzi faucets", "Investment faucets", and many more terms which people have come up with in the past years.
I'd like to help people understand the differences so they don't get confused in the future.
This is the micro-earnings section and not the gambling/risky/scam investments section.
The risks with the above are at the minimum. Worst case scenario, you don't get paid from the person who runs the faucet, and/or, if the person who runs the site is a malicious owner, he can sell your emails or even use them to spam you with useless content.
So, what you should look at here is the minimum amount needed to withdraw your coins.
All you'd lose here is your time.
Faucets are depended 100% on advertising income. Either it's banner advertising, or any other form of advertising income.
Now, faucet games are more profitable for the people who run them, but they're risky business if the owners are greedy and allow you buy packages which promise you mad gains in the short term.
If we assume that we don't believe that there's people who give money away for free (in exchange for nothing), then we can understand the above.
Such sites can turn into scams or insolvent due to bad calculations. Those site owners need to monitor a lot of things in order to keep their sites "alive" and allow people enjoy their games.
What you need to look at here is the numbers of your ROI, since those games exist so you enjoy playing them and earn a buck, or two, in the mid term.
If it's too good to be true, it's too good to be true. Don't fall for it.
Not all sites are designed to be scam sites, but the majority of them can and will turn into scam sites after they peak, if their owners are greedy/malicious.
Those ROI numbers can differ from site to site. Even if it's 1% per day, it cannot be sustainable in the long term and you can figure out with simple math. Growth can be capped, because of the demand for such sites.
When investments stop coming in, they disappear because they've wasted money on advertising through their "faucets", through advertising networks and because of their greed.
So, those "Investment" sites are: Ponzies, HYIPs, doublers or whatever they call them nowadays.
Do not feed the scammers. If you've found a site that pays a lot through their faucet and has investments, take the free coins (milk the hell out of them), do not deposit any coins, because you'll end up losing them.
You might get lucky once, by getting your ROI, but the scammers need you feel safe, so you decide to deposit more money, since you've already "taken money out". That's their ace in the sleeve card. Your trust.
-
If I've missed something, please let me know and I'll edit.
Thanks for your time.
a lot of people mix the terms "faucet", "faucet game(s)", "Ponzi faucets", "Investment faucets", and many more terms which people have come up with in the past years.
I'd like to help people understand the differences so they don't get confused in the future.
This is the micro-earnings section and not the gambling/risky/scam investments section.
Faucets
Quote
A faucet is a site which gives you free cryptocurrencies for visiting their website. All you need to do on those sites is provide your cryptocurrency address or/and email address. (This depends on the way they pay. XAPO faucets, for example, ask for your email.Faucets which use direct payments or faucet that use microwallets will ask for your cryptocurrency addresses.
The risks with the above are at the minimum. Worst case scenario, you don't get paid from the person who runs the faucet, and/or, if the person who runs the site is a malicious owner, he can sell your emails or even use them to spam you with useless content.
So, what you should look at here is the minimum amount needed to withdraw your coins.
All you'd lose here is your time.
Faucets are depended 100% on advertising income. Either it's banner advertising, or any other form of advertising income.
Faucet games
Quote
Faucet games are exactly what you are thinking of. It's games which pay you cryptocurrencies to play on their websites, so the owners can profit/sustain the site with advertising income. Some sell packages, VIP/Premium accounts and some don't see anything.
Now, faucet games are more profitable for the people who run them, but they're risky business if the owners are greedy and allow you buy packages which promise you mad gains in the short term.
If we assume that we don't believe that there's people who give money away for free (in exchange for nothing), then we can understand the above.
Such sites can turn into scams or insolvent due to bad calculations. Those site owners need to monitor a lot of things in order to keep their sites "alive" and allow people enjoy their games.
What you need to look at here is the numbers of your ROI, since those games exist so you enjoy playing them and earn a buck, or two, in the mid term.
If it's too good to be true, it's too good to be true. Don't fall for it.
Not all sites are designed to be scam sites, but the majority of them can and will turn into scam sites after they peak, if their owners are greedy/malicious.
"Investment faucets"
Quote
This is the biggest bullsh*t you'll ever see in the cryptocurrencies space. Those "faucets" are HYIP/Ponzi sites which -have a faucet- on their sites
They promise you crazy gains. 5%+ per day. 150%+ per month. Those ROI numbers can differ from site to site. Even if it's 1% per day, it cannot be sustainable in the long term and you can figure out with simple math. Growth can be capped, because of the demand for such sites.
When investments stop coming in, they disappear because they've wasted money on advertising through their "faucets", through advertising networks and because of their greed.
So, those "Investment" sites are: Ponzies, HYIPs, doublers or whatever they call them nowadays.
Do not feed the scammers. If you've found a site that pays a lot through their faucet and has investments, take the free coins (milk the hell out of them), do not deposit any coins, because you'll end up losing them.
You might get lucky once, by getting your ROI, but the scammers need you feel safe, so you decide to deposit more money, since you've already "taken money out". That's their ace in the sleeve card. Your trust.
-
If I've missed something, please let me know and I'll edit.
Thanks for your time.
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