After a bit of consideration, I decided to give CSN a whirl with the whole output from the earlier position.
So I bought into CSN @ just under 20k sats for a total of 22.5 coins. Hosting that on CHT now has it up to 32 CSN with a current market price of 22k sats. Overall currently a net gain of just over 30%. However with how thin the market is on the sell side and the currently insane ROI, I am likely to let this ride for another day or two.
Any suggestions for other projects to look into?
Topic: How I'm currently growing my faucet earnings. - page 2. (Read 650 times)
Any suggestions for a new position to open?
A practical example fo I talked about in the first post:
Let's say I'd bought WCF on Cryptobridge for 100k sats two days back, that'd roughly have gotten me 8 coins. Sticking them on CHT in an instant node for 2 days would have brought that up to 12.5 coins that today are worth roughly 40k sats each.
Can you do this every time?
No frigging way! But fairly frequently has been my experience so far. The experience I've used to evaluate what coins etc I'll take a run at I got from looking at which faucets are or aren't worth claiming from. I think there are an awful lot of people hiding in this section with the skill set needed to make solid evaluations of what is and isn't worthwhile.
I'd like to use this thread to share my experiences and to hopefully learn from some of the rest of you guys
Let's say I'd bought WCF on Cryptobridge for 100k sats two days back, that'd roughly have gotten me 8 coins. Sticking them on CHT in an instant node for 2 days would have brought that up to 12.5 coins that today are worth roughly 40k sats each.
Can you do this every time?
No frigging way! But fairly frequently has been my experience so far. The experience I've used to evaluate what coins etc I'll take a run at I got from looking at which faucets are or aren't worth claiming from. I think there are an awful lot of people hiding in this section with the skill set needed to make solid evaluations of what is and isn't worthwhile.
I'd like to use this thread to share my experiences and to hopefully learn from some of the rest of you guys
I haven't said much in microearnings for a while but here goes:
I've spent a stupid amount of time on faucets So what do I do with the earnings from that, well there are various options gamble, trade or buy into MN/POS coins.
Currently I'm sticking most of my earnings on to Cryptobridge and buying the fastest ROI listed coins hosted on CHT in "Instant" masternodes. The instant part is when the coin developer provides the coins for the first MN and all the other smaller contributions earn proportional rewards from that. So your coins start earning the second they validate on CHT.
I stay in the coins for very short periods 1-2 weeks sometimes even less for a quick in and out and have all my rewards sent directly to an exchange address once I start cashing out.
Sure some of these coins turn Exit scam etc but if you get in and out fast enough.....
Once a coin starts having been around for a while on there I look a bit closer at it and if I like what I see (no spam in their discord/answers to questions/no one banning peeps for asking difficult questions on their discord/ a solid white paper/ etc) I will open a smaller long term position in it.
I also mine a fair bit and comparing this to mining, about 2 hours a day in spread out 20min chunks earns about as much as 16 1060 6Gb cranking away at RVN sure it's not going to get you rich quickly but it all helps.
I've spent a stupid amount of time on faucets
So what do I do with the earnings from that, well there are various options gamble, trade or buy into MN/POS coins.Currently I'm sticking most of my earnings on to Cryptobridge and buying the fastest ROI listed coins hosted on CHT in "Instant" masternodes. The instant part is when the coin developer provides the coins for the first MN and all the other smaller contributions earn proportional rewards from that. So your coins start earning the second they validate on CHT.
I stay in the coins for very short periods 1-2 weeks sometimes even less for a quick in and out and have all my rewards sent directly to an exchange address once I start cashing out.
Sure some of these coins turn Exit scam etc but if you get in and out fast enough.....
Once a coin starts having been around for a while on there I look a bit closer at it and if I like what I see (no spam in their discord/answers to questions/no one banning peeps for asking difficult questions on their discord/ a solid white paper/ etc) I will open a smaller long term position in it.
I also mine a fair bit and comparing this to mining, about 2 hours a day in spread out 20min chunks earns about as much as 16 1060 6Gb cranking away at RVN sure it's not going to get you rich quickly but it all helps.
Jump to: