Come on, stop it with this "faucet bashing" it's not an Horrible way ..?!
Yes, it is.
I just received 171176 satoshis from faucets yesterday.. @ current price= 0.63/day= 229,95$/year
And how much time and effort did that take you?
Current minimum wage here in Illinois is $8.25 per hour. That means you could get a job and work for 4 and a half minutes to earn the same amount.
Earthworks Recycling will pay $0.45 per pound for aluminum cans. Here in Illinois 1 pound is about 33 average 12oz beverage cans. Therefore, if you can find about 46 beverage cans to recycle, you'll have made $0.63.
Furthermore, since you'll have to pay a 10000 satoshi transaction fee for every 5 payments that you received from the faucet, you don't really have 171176 satoshis in spendable funds. If you received your 171176 satoshis in 17 separate payments, then all you really have in spendable funds right now are 1176 satoshis (about $0.0043, or less than a half a U.S. penny). I'd make more money taking a 30 minute walk along the beach and looking for pennies that people accidentally dropped out of their pockets.
If the price of Bitcoin goes up (as some ppl say) to + 1000$.. it can be 1.71$day, 625$/year even more..
Perhaps, but there is no guarantee that bitoins will be worth any particular amount in the future.
More importantly though, it doesn't matter how you earn the bitcoins today. Whatever method you use, they will still be worth more money in the future "if the price of Bitcoin goes up".
No matter what method you use to earn the bitoins today, Faucets are pretty much horrible. Choose any other method and you'll earn more bitcoins in less time with a better spendable balance (since the payments will be larger, the relative effect of the transaction fee will be smaller). Then when "the price of Bitcoin goes up", you'll have more money than you would have if you had wasted your time on faucets.
The problem with the faucets is that people are calculating profitability @ current price.. that's incorrect.
You don't sell those sats you get from faucets right now..! you HOLD them, and wait for the price to go up.... then you can sell.
No, the problem with people who believe that about faucets is that they forget that fact is true of all forms of acquiring bitcoins.
Mail me a $1 bill, and I'll send you $0.90 worth of bitcoins at the BitStamp exchange rate at the time the envelope arrives. That will get you $0.90 worth of bitcoins. But in the future "if the price of Bitcoin goes up" it will be worth more than $1! And since you received the entire $0.90 worth of bitcoins in a single transaction, you won't have to worry about the effect of the transaction fee.