Is it worth it? - page 2. | Bitcointalksearch.org

Lethn

legendary

Activity: 1540

Merit: 1000

Not really no, signature campaigns pay out better, even with the low amount it's still something you can use, I've actually decided to open up an Etsy store and I'll be using the money I earn from the coins I make to do some advertising and pay for fees Cheesy

which will hopefully end up netting me some money which I can then re-invest.

Right now there aren't many opportunities in Bitcoin but I hope one day we'll see a lot more trading, I am seeing merchants adopt it now but it's not happening fast just yet.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

If I did a faucet every 15 min, every day, 365 days a year I would lose what's left of my wee mind, and it would only take about 4 hours.

You'll make more money collecting returnable bottles from the trash. More dignified too, lol

panck4beer

full member

Activity: 140

Merit: 100

Hardly to imagine anyone will be able filling the captchas full day for whole year.

I tested few faucets when I started, but after realizing this is the way to go nowhere I stopped. About two days fun plus new experience

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Quote from: fulgurite on October 29, 2014, 12:37:46 AM

you can earn a lot of money from it in several years, so don't say it's not worth.

The amount of time you lose in the process is much costly than the amount of BTC you are going to earn.

grumpyoldtroll

newbie

Activity: 42

Merit: 0

Quote from: cryptworld on October 28, 2014, 04:32:34 AM

short answer: no
long answer: you can do many others things with higher profit in bitcoin world

That is right. Why settle in that case?

fulgurite

member

Activity: 73

Merit: 10

you can earn a lot of money from it in several years, so don't say it's not worth.

BTCjust

sr. member

Activity: 241

Merit: 250

many years later, you will find that what you are doing now is too wise

franky1

legendary

Activity: 4410

Merit: 4766

short answer, not worth it.

faucets are not suppose to be used by people grabbing at them as a means of income, so never expect to make an income out of them. instead think of a faucet as a means to grab a small donation so that you can then use bitcoin and learn to send and receive transactions.

if you want to actually have a full bitcoin or even more, then these are some proper options:
Work for a company that pays wages in bitcoin
mine bitcoins by investing a large amount in mining
simply buy bitcoins

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: bornil267645 on October 28, 2014, 04:18:40 AM

I made a calculation,

current BTC price 330$

A faucet gives 250 btc per 15 mnt at best

So that's 24000 satoshi per day

720000 per month

8640000 per year

Thats worth 30.8534400000 USD given the current price.

So my question is?

Is it worth it?

Definitely not worth it. I just wish everybody would do this calculation.
It would put faucets out of business or encourage them to pay more.

funtotry

sr. member

Activity: 420

Merit: 250

Ever wanted to run your own casino? PM me for info

Quote from: young3dvard on October 28, 2014, 04:22:18 AM

Only for a bot capable filling the captcha

The captcha used on most faucets will generally not be able to be solved with a bot. I also think that some captchas will say that you failed to solve it regardless of if you get it right or not.

The OP is also incorrect as to how much you can earn with a faucet. His assumption is that you can find a faucet that pays 250 satoshi at least once every 15 minutes, however not all faucets pay this much and there is no guarantee that you would be able to be able to earn this much.

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: bornil267645 on October 28, 2014, 04:18:40 AM

I made a calculation,

current BTC price 330$

A faucet gives 250 btc per 15 mnt at best

So that's 24000 satoshi per day

720000 per month

8640000 per year

Thats worth 30.8534400000 USD given the current price.

So my question is?

Is it worth it?

Not worth it, but on the other hand if you get a lot of referral then its worth it

novacn

full member

Activity: 140

Merit: 100

No, not worth it. Should invest your time into some more meaningful stuff.

Q7

sr. member

Activity: 448

Merit: 250

I'm sure he meant to say satoshi and not btc. But don't forget once you take out the fees, you can see the real amount that you actually made. Unless it's running on bots

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Quote from: bornil267645 on October 28, 2014, 04:18:40 AM

I made a calculation,

current BTC price 330$

A faucet gives 250 btc per 15 mnt at best

So that's 24000 satoshi per day

720000 per month

8640000 per year

Thats worth 30.8534400000 USD given the current price.

So my question is?

Is it worth it?

Not unless $30 can buy you a decent living standard and thats not possible in any country. Just buy some bitcoin is so much better then grinding faucet.

leex1528

hero member

Activity: 784

Merit: 1000

Well what if you were able to do 20 faucets at a time and each one provided 200 sats?

20*200 = 4,000 per 15min

4 * 4,000 = 16,000 Per Hour

8 * 16,000 = 128,000 Per Day(8 hour day)

365 * 128,000 = .4672 per year so roughly $150 dollars

Is $150 dollars worth your time for 1 full year of grinding out faucets like a mad man, no, probably not.

BiTJack

hero member

Activity: 806

Merit: 1000

Not worth at all unless you gets lucky and hit some higher number other than that it's just dust.

Unbelive

full member

Activity: 210

Merit: 100

Invest & Earn: https://cloudthink.io

What faucets are good at is at spreading bitcoin adoption. People are quite ready to install wallet when they get free satoshies. IF they then start learning more of Bitcoin, they stay if not, they soon forget about it, after they calculate their earning.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Quote from: cryptworld on October 28, 2014, 04:32:34 AM

short answer: no
long answer: you can do many others things with higher profit in bitcoin world

Can you please give some example and guidance about that, i want to try those possibilities.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Quote from: 1Referee on October 28, 2014, 04:30:23 AM

Quote from: bornil267645 on October 28, 2014, 04:18:40 AM

A faucet gives 250 btc per 15 mnt at best

Where is this faucet? Tongue

Faucets are not worth it at all, perhaps great for newbies trying to get some free coins, but that's it.

Too much effort for only dust as reward. It's up to you, if you want it, and have the time for it, then do it

I only found 1 faucet that gives 233 satoshi every 15 mnt

cryptworld

hero member

Activity: 714

Merit: 503

short answer: no
long answer: you can do many others things with higher profit in bitcoin world

Topic: Is it worth it? - page 2. (Read 3216 times)