Topic: Just a friendly advice for the new guys - page 2. (Read 5592 times)
The people who own these faucets are doing us a favor they should profit a little because they are helping people like myself get into bitcoin be a bit more grateful
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
I agree! It's been 2 weeks now and I've racked up a whole $0.40 on faucets alone. I tried getting into signature campaigns but those silly companies don't make any codes for Newbie members! How do they expect to get the maximum airplay?
Only 0.4$ in two weeks?
Try faucet rotator,I made about 10$ in last month.,This is not some earnings, but it is better then 0.4$.
I know people will now questions how much time I spent and why not use a signature campaign?
Only 2 hours of my free time while doing other things on the Internet,and I join SC probably when I reach next rank.
Some people work the faucets like they were at a full time job, hitting as many as they can as often as they can. They might make as much as a dollar a week, but what they don't realize is that that dollar is made up of dozens and dozens of dust transactions, so when they try to spend it the tx fees are so high they lose over half of it, maybe as much as 45% is lost. Faucets are ok for the total newbie just so they can experience receiving, holding and sending btc but they risk scaring noobs away because of the high tx which are not representative of "real" btc transactions.
Faucets definitely are not profitable often even for their owners (they go broke all the time)
For a good run down of the risks and realities see the stickied thread at the top of the "micro-earnings" section of this forum
Faucets definitely are not profitable often even for their owners (they go broke all the time)
For a good run down of the risks and realities see the stickied thread at the top of the "micro-earnings" section of this forum
Thanks for informing people. Just one question how do people or you at the start not realize you were not going to make anything do the faucet sites do giveaways or something sorry little confused
Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..
me to,i was excited to, when i used faucet for the first time i thought i was gone to be rich with it but actually it was just a dust and so wasted my time
its not a waste of time, if you can get people to sign up under you.
theres people at freebitcoi.n with several active users as referrals and they clear .2 btc minimum a week. Not saying everyone can do this, but its still possible im pretty sure.
But getting so many referrals is not a easy job. You really need to put lot of efforts to get so many referrals but if you can get then you will get some free coins every week.
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
I agree! It's been 2 weeks now and I've racked up a whole $0.40 on faucets alone. I tried getting into signature campaigns but those silly companies don't make any codes for Newbie members! How do they expect to get the maximum airplay?
I started on faucets thinking," i might earn something". 3 days later i released faucets are a completely waste of time :p
I just wish to add one more warning: usually if you are profiting from faucets your income comes in really low quantities like 1000 Satoshis or something.
It is called dust transaction and be warned - if you try to send larger transaction in the future composed from these small 'dust' transactions your fee will be HUGE.
Be warned. It's not worth it.
It is called dust transaction and be warned - if you try to send larger transaction in the future composed from these small 'dust' transactions your fee will be HUGE.
Be warned. It's not worth it.
And for this reason is good to use services like FaucetBOX and accumulate higher amounts and then make payment.
I use 0.001 for now,but I think I will increase to 0.01 BTC for these reasons.
I think faucet is wasted our time,for me bitmedia.io and a-ads is a best advice for earn bitcoin
its debtable, but my time for faucets are only to refer, and so far I only have one active user, but still its worth it.
since i dont sit there and do captchas all the time etc.
Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..
me to,i was excited to, when i used faucet for the first time i thought i was gone to be rich with it but actually it was just a dust and so wasted my time
its not a waste of time, if you can get people to sign up under you.
theres people at freebitcoi.n with several active users as referrals and they clear .2 btc minimum a week. Not saying everyone can do this, but its still possible im pretty sure.
Iam not sure if my referral will doing to captcha everyday,just like me they're would leave it if they get tired
anyway i have some referrals on freebitco to but not much,
Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..
me to,i was excited to, when i used faucet for the first time i thought i was gone to be rich with it but actually it was just a dust and so wasted my time
its not a waste of time, if you can get people to sign up under you.
theres people at freebitcoi.n with several active users as referrals and they clear .2 btc minimum a week. Not saying everyone can do this, but its still possible im pretty sure.
Yeah first time i heard bitcoin and doing captchas from faucets i got only cents but im happy because after i withdraw i saw my wallet has recieving btc and i invest it to investment site that i was scam.. im newbie in that time thats why im looking for much better work to earn much btc.. i will never invest it again....
Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..
me to,i was excited to, when i used faucet for the first time i thought i was gone to be rich with it but actually it was just a dust and so wasted my time
I just wish to add one more warning: usually if you are profiting from faucets your income comes in really low quantities like 1000 Satoshis or something.
It is called dust transaction and be warned - if you try to send larger transaction in the future composed from these small 'dust' transactions your fee will be HUGE.
Be warned. It's not worth it.
It is called dust transaction and be warned - if you try to send larger transaction in the future composed from these small 'dust' transactions your fee will be HUGE.
Be warned. It's not worth it.
Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..
I think faucet is wasted our time,for me bitmedia.io and a-ads is a best advice for earn bitcoin
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
Every so often, I will either go to the liquor store and buy a bottle of vodka or since I have a medical marijuana card, I will buy a pot brownie and use a rotator script to earn a few pennies. This is every so often of course, and most of the time I buy the brownie. Just something I do to make faucets a tad more interesting. So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.
Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.
Amen to this my friend, this is what I am trying to explain to everybody and especially to the people who I got into Bitcoin. After they read a little about Bitcoin, this is exact behavior that they have about faucets. Then after few days, they come back to me and admit how I was right.
Sober up people, and forget the faucets!
yikes this is scary.. People here don't understand why you shouldn't work daily for <= $5.00 a month..
faucets are a very good way for the beginners to start with bitcoin only if they don't want to spend their money on buying it. it is good because they will learn how to receive bitcoin and how to send it later.
but it is only worth the time for the users who can gather a lot of referrals. which makes their earnings a lot more that way.
but it is only worth the time for the users who can gather a lot of referrals. which makes their earnings a lot more that way.
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