Topic: Making a living off of bitcoin faucets, is it actually possible? - page 2. (Read 1837 times)

Probably won't be a possibility even if you grow somehow a big and active ref list.

That doesn't mean you cannot try to earn some "free" money in your spare time.

I have been collecting faucets casually over the last few months, taking what I have earned and playing in the exchanges with some small-name coins.
This has led me to have a very diversified collection of coins.  The interesting thing is; I have invested no money at all, and have a worth of approximately 30 USD, if I liquidate at the time of this writing & sell at the price ~2770 USD / 1BTC.   

Now, I agree, this will not pay my bills or get me out of debt tomorrow, but for a little time spent a few times a day collecting, and then some homework on coins, only helping me understand more how the whole system works, it isn't bad.  Now, take that out 3 years. If some of the big name predictions are correct, then my ~0.01BTC I have now will be worth ~$5000 USD!!  Without any effort on my part from today on. 

Add into that the profit you can make from ad revenue of running a faucet, and you really can pay your bills off of it.  It IS NOT easy, and it takes some very good luck and skills as a "Sales Person". But there are people who do it.  My suggestion, and that is all it is, would be to collect faucets if you have the time and patience. If you make some "free lunch", congrats.  If you don't, all you've lost is no more than the time we've all lost doing something useless every day (TV, Candy Crush, XBOX, Etc...). 

Remember:

Who Murphy is and his famous law http://www.urbandictionary.com/define.php?term=Murphy%27s%20Law
#CryptosHateYouToo
Just cause it worked for "jack", does not mean it will work for "john"
Go with your Gut

Most importantly never think you KNOW what is going to happen with Crypto, that is the time the universe will smack some sense back into you O_o

Cheers, and Good Luck
Glitch

If you are lucky you can also win with gambling or with trading at a currency exchange.

Thank you, you have been very inciteful. I too have been considering using the faucets for a few satoshi. I've always wonderd about the signatures people displayed. This micopayment sub section is awesome!

It's hard, but possible, if you live in 3rd world country. But it's boring tiring and not effective job. You have to make hundreds or even thousand claims from faucet to get more or less decent profit. If you have plans to earn for a living, I agree that would be waste of time.
But hunting of referrals can help. Create simple blog/faucet list/rotator, put referral links there and promote it everywhere you can. With referral you will earn more than you can earn yourself. From my own experience, now I can earn 50k-100k from single faucet, like Bitfun.co or Bonusbitcoin.co. I think it's not bad to get such amount passively every day If I would have better marketing skills, I would be able to earn even more. Offcourse, it takes quite long time to build referrals team.

I believe I remembered reading someone breaking down the details and the conclusion is if you sit in front of your PC hardcore and claim from faucets straight for around 10 hours, it's possible to earn $3-4 (>300,000 satoshis) per day. That's about $120 a month but I still have no idea which rotator or game(s) are able to let you have enough activity to claim that much.

Well I guess you can't make a very luxurious living but depending on the country you live in and the rise of Bitcoin over time it might be possible.

For example my faucet paid the best player of all time (It's a faucet where players compete in a fun browser game against each other and the winners get rewarded, check out the statistics of all time players yourself to verify) 1.56 Bitcoin since we started in September 2015. So over 3,653.40 USD in todays terms - or 159 USD per month since the site is running. This is only income from one faucet and in some countries the cost of living is below 200 USD per month.

Of course this calculation is somewhat dubious since it's thinking in value of Bitcoin today - it's just to give you an idea much one could make by being consistent and hoping for a rise in Bitcoin prices. 

People who say it's waste of time it's because they have better sources of money, but for who doesn't have anything, faucets are very helpful. The real waste in my opinion is to put all the micro earnings into Ponzi HYIP schemes hoping to double it and many or most faucet users from these third world countries are doing this...

When I started claiming on faucets I did this mistake and lost few millions of satoshis for nothing, thinking the cloud minings offering good profit were real and legit. If faucet claimers just store their earnings or put into trusted sites there isn't problem, it's a good saving account method.

It depends where you live
If you live in the United States, you will never get to live out the winnings generated by a faucet... at most you will be able to buy a cola and a pizza.
If you live in Nigeria, Afghanistan, Haiti, or other 3-rd countries and you make 200-300$ per month it will give you a decent living.

I make at least USD$20 per week from BTC-related advertising, and USD$10 from faucet referrals. This is definitely not making a living, but does pay for all my domains and most importantly my VPS server.

If I was in a fantasy world and figures were at least 10x to 20x, then I could even start a decent non-spammy suite of faucets, and use them (i.e. their ad revenue) to save for holidays, xmas, things for the kids etc.

Above image proves that, rather than making living, it could have made you very rich if you were one of the first faucet users in Bitcoin world. Today, i am little more sceptical about faucet incomes. It is hardly possible to make your living from them, but i have seen some old users with tens of thousands referrals from biggest faucets such as freebitco and moonbitcoin. Considering some of these faucets offer gambling service as well, i believe they make some decent money which may actually become as big as a sallary. However, i don´t reccomand anyone to expect that if starting today.

It can be a source of passive income if you manage to get yourself hundreds of referrals. Otherwise, it's not worth it, in my opinion.
Even if you manage to claim something like 100 000 satoshi per week, that's about $2 only.

So, nowadays I'm mostly trying my luck in Freebitco.in lottery

The right way would be to get you first hundreds of satoshi on faucets (if you can't afford to buy them when BTC drops), deposit them on some exchange and learn trading.

Mostly the opinion about faucets is that they are waste of time and in some way I can agree with that.But with good faucet list/rotator and with some referrals you can earn something every day.That coins have not some great value today,but as you say in few years that coins may worth ten or twenty times more than today.

In my best days with faucets I can make up to 500 000 satoshi per day,but then price was around 200-250$.Many say to me that I am wasting my time,but today that coins worth ten times more.So claiming from faucets and participation in signature/twitter/facebook campaings + if you have some services to offer is good combination to get some coins.

It also depends in wich country you live. You can do more or less for 1 btc in different countries.

You miss one point here. In some part of the world the costs of living and wages are way lower than in the Unitated States. Sometimes its so vast differences as ten times or so. Another point you miss is that there could be 100 faucets someone uses.

I think you exaggerete the 1000 satoshi per hour. I think its too much. Most of the time its far less.

There are not enough of a good faucets to make living on them in a third world possible. Most of the faucets takes way too much time and have the feeling of working with them. Imagine the faucets that gives entertainment like some gambling sites do, and for addition they are fast and easy to claim. That would be a great additional income. Sadly its not possible nowadays without boring yourself to death.

Sadly there are very few entertaining faucets out there to make such an option viable for third world countries.

There are two very entertaining faucet games that gives surprisingly high reward:

http://www.satoshigalaxy.com/?r=przemax

https://bitfootball.net/index.php?r=17h8ZEmFae6TCVV2RSMSNKRyTYjMYJauHx

Please use my ref links, and I will teach you how to play them properly.

P.S making high quality posts takes a lot of time as well. And making yourself a member status takes even longer time. You do not feel it like so, because you would use the forum anyway. So if someone is having the entertainment by playing, they do not feel it as wasting their time.

that's the same thing that i'm gonna say if OP is willing to wait for that long maybe he can earn a lot and if he really aiming to earn then share a ref link to have many commissions coming from his referral or also he can use railblocks faucets not exactly bitcoin but another alts which can give him at least some penny a day enough to save paying his electricity.

Yes, it's possible since you are an influent personality on the internet, more precisely on Crypto-Currency world. So you will have a large audience, you can share your referral links with thousands of people and they will sign up under it, generating comission for you.

That is the only way to make a living from faucets. By yourself only it's impossible. Maybe if you store all the earnings you have it could be possible after many years... So you have some savings in Bitcoin from the faucets income that you can use to invest later when BTC hits high prices (some people expect  BTC price $500.000 in 3 years). Your 50 satoshis earnings from each faucet would price $0.25 thinking this way...

I can't say that's impossible because there may be a some faucet site that gives a good reward. just relying on the faucet it is very heavy the average faucet site only gives low reward and there are still many better sources than faucet.

No, believe me it won't. I also started with faucets when I was just new in bitcoin. It just makes me feel an idiot because usually when I get  the 10k satoshi payment threshold that I clicked for the captcha more than 1 or 2 weeks and then you transfer it your account but the fee is equivalent to your payment so in the end you got nothing left. I think what people really do is to find many referrals so it's like they get paid by the hardwork of others. Very smart eh!.

Yes, you could make money, perhaps even 20 or even 30 cents a day, which will help cover the electricity costs.