I've been a member at YOBIT for a few weeks now and I've been collecting from their long, long, long list of altcoin faucets. It takes around twenty minutes to make it through the whole thing. I have over 200,000 various altcoins. There was a 0.00002000 BTC claim on there that was just taken off the list. That one was definitely worth solving the one captcha. As for the value of the rest of the coins, I couldn't even name 1/20 of them, the highest valued amount I have is 44709.0 PAC which equals exactly 0.00044709 BTC. That is one of the lower valued coins at 0.00000001 BTC Per coin. There are several claims for PAC on their list ranging from 0.00000001 to 1000.00000. Then out of the other hundred or so types of coin in which I have a few hundred thousand, the total value in BTC is only 0.00080000ish. With the minimum sell amount of 0.0001....... I don't know..... I've gone screwy eyed....You get my point though. I hope.
I was very excited when I stumbled upon this site but as I become more acquainted with the terminology and increase my overall understanding of this strangely wonderful market, I can't help but wonder where the profit might be and why are there so many free coins on their list? If one could actually profit from the collection of these "shitcoins", wouldn't it be more popular?
I know my post is all over the place. It does accurately portray my mixed feelings on the topic though.
Thank You if you made it through this jumbled up post and double thanks for any knowledge you may impart on to me.
ChrisBin702