Running faucet business in 2023 still possible? - page 4.

Marvell1

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

Lastly, what advice do you have for my goal?

I think there is one thing you need to pay more attention to before thinking about the faucet business. That is, how many people will still be interested and interested in collecting free coins through the faucet? What I see is that even newbies are no longer interested in faucets entering the market, let alone old investors. In 2016, people are interested in faucets because there are not many ways to earn free bitcoins, but so far we have bounty, airdrop, testnet...There are many ways to earn free money and they can even accumulate a significant amount of capital to invest. But can you do it for your faucet?

gunhell16

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In my opinion, faucets are a good addition to the business you have online. I'm just not familiar with how to do it on the online business platform you have if you actually have one dude. That is also an added attraction to attract even more clients to your platform.

As for crypto, that's also good if it's just a proper hobby, and I've seen many downloadable faucets on the play store that can directly transfer the crypto you collect to faucetpay.io. I tried it anyway and it was transferred to my faucetspay account in seconds.

flyingcarpet

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

Lastly, what advice do you have for my goal?

There are many details and you have to put these details in order and get started. What kind of ads will be for visitors to the site. There is also the possibility that the profit you will get from your captcha and banner ads will be less than the expense you make. So I don't think it will be a very profitable business at this time. You need to think about whether the amount of profit you will get, rather than the technical details, will be enough for you. I think the expense may be more than income in this process.

mvdheuvel1983

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Those were the good o' days. I remember this and the excitement that came with during the point in time. I miss 'em. It was the beginning of being crypto aware.

Quote

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Claiming faucets is no longer as popular as it used to be. The rewards are now very small. It doesn't match the amount of effort that is put in. I think that faucets evolved into airdrops.

I don't know how to help you run your faucet but I'll recommend that you start from YouTube. There are many videos explainers there that would be very helpful.

Yamane_Keto

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Faucets are the closest place where advertisers meet and those looking for ads. ideal faucet provide high-quality traffic to advertisers and people looking for ads who want more effort without effort.

Faucets were great in the past because dozens of bitcoins could be mined easily and they were hard to sell or use, so faucets were the answer.
At the moment, Bitcoin has value and to make succeed faucet, your idea must be creative, in the sense of getting advertisers to pay you and maintaining a high view history. The idea of the taps may have developed to be an application like the idea of TikTok or like signature campaigns. Here, you need a good marketing team.

Outhue

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This reminds me of the good old days, faucet always get me busy when I was learning about cryptocurrency and Bitcoin, I claimed some free Bitcoin on freebitco.in and I was able to withdraw, I played some HI and LoW gambling rollers and I earned some and lose some, it was a good experience.

Today faucets are not worth running that's why you don't see many people doing it, if it's still profitable there will be many in 2023 as we speak, I would rather run a online casino instead of a faucet.

You can learn about how to run a casino online and still add few faucets as part of free earning on the casino, this will be attractive to those that visits the website for gambling and those that have no money to gamble can still claim free coins via the faucet engine.

Kakmakr

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I was one of those "faucet suckers" back in the day..... and I regret every second that I wasted on there. It was big back then, until the advertisers realized that the people they are targeting are not people with money.

Those faucets were funded by advertising companies and when the advertising companies stopped paying for faucet traffic, they dried up and went away. (Freebitco.in quickly saw what was happening and they switched from advertisement income to gambling income) ...and they are still around and the faucet are still running to this day. Cheesy

Helena Yu

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You need a bankroll if you want to run a faucet business, usually a faucet business has their own mining, so they're making stable income from mining and give small amount of their profit as faucet to grow their sites and make more money through ads or pay per click.

Even you create Bitcoin faucet site, it's still possible even the reward is less than 10 Satoshi per hour, it just depends is people are still interested or not, I believe isn't.

Silberman

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too, where do you think I should start from? What do I need to learn about?

Lastly, what advice do you have for my goal?

You will have two main problems when running a faucet, how to make money with it and how to avoid abusers from claiming more than what you are willing to pay, if I am not wrong back in those days you could still use adwords and this allowed those faucets to keep themselves in business, but once Google changed their policies faucets could not find another source of income that was as good, and when it comes to stopping bots you will have a lot of problems as well as I am sure they are way more advanced than what they were back then.

8rch7

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Running faucet for advertising your project is still profitable and you hot thousand hundred traffic every day because many people active with hunting coins trough faucet. Right now many still faucet website available and you can promote your business trough faucet claiming by using Litecoin, Doge coin or coins with small price. But not profitable or worth when your project advertising with faucet claiming by using Bitcoin payment.
You have change payment way and focus with shit or meme coin actually with new shit coin not listed yet on exchange market will make many airdrop hunter interested for claiming faucet every day. Make limit faucet claiming with one hour duration and not worth when you use 24 hour in daily day for claiming faucet.

someone703

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Indeed, doing business in this field is not always easy to make a profit.

The issue regarding the use of Bitcoin as a means of payment in advertising is also truly remarkable. Restrictions on Bitcoin acceptance in day-to-day transactions and growing ad blockers are really affecting the ability of faucet sites to generate traffic and revenue.

Moreover, the competition in this field is increasing day by day, especially as many different faucet websites appear and try to attract users. This poses the challenge of having to create engaging and creative content to capture the user's attention.

adaseb

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Faucets were around for many many years and if it wasn’t for the abuse in 2017, many would still be around today.

Back in 2015 or so you could go to a gambling dice site and get like 1000 sats for free. If you lost it all then claim it again and again and again, basically all you had to do was wait a few minutes between the claiming.

From 1000 sats to 100,000 sats was easy to do with a few lucky rolls and no risk. Many did this in 2015-16 until they had to put an end to it in 2017 due to the abuse.

Stellarcast

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Quote from: coupable on August 18, 2023, 03:52:44 PM

Certainly, this is still possible today and may have become much easier compared to the early years of crypto, but the most important question is whether this is still profitable for the business owner or not. Certainly, the faucets are no longer useful to users, and the time they will spend following the faucets will be much more important than what they can get as a few satoshis, so do not expect a significant percentage of traffic. And even if it happens and you succeed in marketing your site, the traffic will be among the beginners who will not be affected by the ads on the site.
According to my expectation, the matter is no longer profitable for all parties.

I don't think a website with a faucet on its own can bring enough traffic for decent revenue. Sure, the owner can adjust the payout so that they will always have substantial profit from ad revenue after user payouts but nowadays who even clicks through faucet sites? 10 years ago you can find faucets paying 500-3000 satoshis per hour and per captcha with a low withdrawal fee with help from a central online wallet like microwallet that has shut down. Now sites give single digit satoshis per claim and requires thousands of claims to reach the threshold and cover the transaction fee. Sad to say the days of micro faucets are past, at least for BTC. Altcoins may still be viable but the audience will be too small to justify your project.

blockman

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Not anymore but if you wanna do it for fun, and you have the idea that you can still get banner ads and advertisers then that's what it means to be profitable.

Quote from: AmoreJaz on August 18, 2023, 06:27:10 PM

no they are not. though there are still some people who are wasting their time on this, very few can survive. maybe hard to find ad companies which will advertise on your site. unless, you have other services other than faucets. because right now, you need to be innovative to survive.

Those that still remember the time how they started probably made their own faucets so that they can pass onto the other people on how they've known Bitcoin.

AmoreJaz

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Quote from: yhiaali3 on August 18, 2023, 03:52:34 PM

I guess faucets are not that profitable anymore, not many people are interested in them now and it's hard to find enough users who are interested in faucets so that they can get enough advertising revenue to keep the faucets alive.

There was a golden period for faucets but these days it is gone, now there is a lot of work and time wasted for the sake of a little frivolous profit that is not worth it. I worked on faucets for a long time when I started but gave it up a long time ago.

no they are not. though there are still some people who are wasting their time on this, very few can survive. maybe hard to find ad companies which will advertise on your site. unless, you have other services other than faucets. because right now, you need to be innovative to survive.

coupable

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Certainly, this is still possible today and may have become much easier compared to the early years of crypto, but the most important question is whether this is still profitable for the business owner or not. Certainly, the faucets are no longer useful to users, and the time they will spend following the faucets will be much more important than what they can get as a few satoshis, so do not expect a significant percentage of traffic. And even if it happens and you succeed in marketing your site, the traffic will be among the beginners who will not be affected by the ads on the site.
According to my expectation, the matter is no longer profitable for all parties.

yhiaali3

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I guess faucets are not that profitable anymore, not many people are interested in them now and it's hard to find enough users who are interested in faucets so that they can get enough advertising revenue to keep the faucets alive.

There was a golden period for faucets but these days it is gone, now there is a lot of work and time wasted for the sake of a little frivolous profit that is not worth it. I worked on faucets for a long time when I started but gave it up a long time ago.

Ultegra134

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Faucets used to be extremely popular during the early days of Bitcoin because, for the majority of us, it was the starting point. On top of that, Bitcoin was worth way less back then, and it wasn't seen as an investment as much as it is now. Thus, they were paying tremendous amounts of BTC, which were then worth a few pennies at most. It was actually my starting point for cryptocurrencies as well, from which I managed to accumulate a relatively decent amount of BTC for today's standards, some of which I held until a few years ago.

Nowadays, the majority of Bitcoin faucets have shut down because people lost interest in them because the payout was extremely insignificant. On top of that, most faucets were kept running through donations and advertisements, and since Bitcoin was considered a valuable asset, people stopped donating, and as I've mentioned earlier, people lost interest in them; thus, ad revenue was pretty much nonexistent. FreeBitco.in is still functioning but paying as little as 2 satoshi per roll; thus, it's a waste of time.

teosanru

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too, where do you think I should start from? What do I need to learn about?

Lastly, what advice do you have for my goal?

I don't think faucet today makes sense. Faucet earning is actually really simple. You earn very small amount of popular currencies in faucets and then if you are lucky enough one day those coins will get pumped and reach at a decent level and obviously at that time you'll feel that faucet was actually worth it. Unfortunately such a thing isn't really practical for top cryptos now because even faucet providers know how far can bitcoin go so actually they will give you peanuts which can never really become big money. Your best bet is to receive faucet money in a hidden gem of a crypto which tomorrow becomes a big blockbuster.

vv181

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Quote from: KiaKia on August 18, 2023, 06:15:18 AM

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

where do you think I should start from? What do I need to learn about?

Claiming a faucet requires the user to wait for an x amount of time and complete a captcha. The reason for that is that the faucet site inserts an advertisement on the claim page or the whole site. Since that advertising is usually paid by views, the amount the owner receives might be used to pay the claimant.

With that in mind, you should calculate how much you can get paid per view, and estimate how many users you may be able to get. Also, you should also remember to make an anti-bot or cheat system. I believe it is a kind of complex project, yet, the profit opportunity is minuscule.

Quote from: KiaKia on August 18, 2023, 06:15:18 AM

Lastly, what advice do you have for my goal?

Given the reason I said above, you should consider looking for another business opportunity. Nowayads is truly different compared back then when you still claiming a faucet.

Topic: Running faucet business in 2023 still possible? - page 4. (Read 651 times)