The irrational appeal of faucets | Bitcointalksearch.org

odolvlobo

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Quote from: FaucetBuilder on July 15, 2015, 01:52:06 PM

Quote from: odolvlobo on July 11, 2015, 08:15:40 PM

You can earn a lot more by doing mechanical turk than by clicking on faucets, and they both take the same amount of skill and effort.

Bitcoin faucets are like free food. People will do anything for "free" food.

Do you know if there are any mechanical turk sites that pay in bitcoin?

They pay with Amazon gift cards, which you can exchange for BTC at purse.io.

FaucetBuilder

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Quote from: odolvlobo on July 11, 2015, 08:15:40 PM

You can earn a lot more by doing mechanical turk than by clicking on faucets, and they both take the same amount of skill and effort.

Bitcoin faucets are like free food. People will do anything for "free" food.

Do you know if there are any mechanical turk sites that pay in bitcoin?

OmegaCollector

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The many small transaction fees was the reason I switched to only collecting from FaucetBox accounts. I let FaucetBox collect all the small amounts for me for a whole month, and then I lower the payout threshold on the last day of the month. I only get transaction a month, and each month, I can see how much I earned compared to previous months.

I still collect from a few Direct pay faucets too, but the fees are higher.

Borisz

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I was like you when I started and I remained like that for a long time, saying the getting anything so my balance is not in 0.0 is good. So I collected and clicked and waited and clicked. Getting free stuff felt good and finally I could see some coins in my balance.
It was only later that I realised that the dust I collected was hard to spend, because a transaction I wanted to make was from so many small inputs that the fee was higher than the amount I wanted to send. This was a long time ago and I haven't really looked at faucets ever since.
It is a good start, but there will probably be a point where you realise that you can spend the time of your life with something more valuable.

jambola2

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I think faucets such as freebitco.in added the gambling factor to make it even more effective.
Not sure if they offer it anymore, but they used to have a jackpot of 150$ equivalent in Bitcoin at a point. While the average faucet reward was a few satoshis, nobody played it for that. It felt like getting to enter a lottery without needing to pay for your tickets.

Actually, I think spending time on freebitco.in was a good thing. I mostly ended gambling away on their in-built dice, but this mean that you would not lose any of your Bitcoin gambling, just the few cents you had gotten from their faucets that was going to take ages to reach the minimum withdraw anyways.

Scratch the itch to gamble + They earn money = Win-Win?

EXtremeAEX

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Now, I dont really have much time to spent on faucets, but yes, last time I used to spend all the time on faucets, just to get some mere satoshis to see the numbers run up

But not anymore, Im busier too, and I find that its a little tiring also, so I just stick to the higher paying faucets, and especially moonbitcoin, where I check it every few moments or so.

Faucets can be fun, but it is really not worth the time and electricity, so I guess just stick to a few good ones will do Cheesy

kronkodil

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I have always use faucet, i prefer earn 100 satoshi and not 1 euro to real work, but now i use only faucet with minimum rewards 1000 satoshi, other is only lose times

OmegaCollector

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It`s true, faucets are addicting, and fun for awhile. I still do some everyday, but at one time I was doing mostly FaucetBox faucets, and only cashing out from FaucetBox once per month, for about .05 per month. I used that money to invest in something, so I didn`t care as much if I lost it - which I haven`t.
And now that the value of btc is rising, my faucet money is worth even more.

There are so many lists that prioritize faucets by value that only claiming from the highest paying ones is easy. This list, for example (Not mine, I just keep it open all day, and click here and there) http://bit.makejar.com/?filter=best-profit-faucets

The Sceptical Chymist

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Quote from: ragi on July 12, 2015, 10:15:13 AM

Quote from: josephno1 on July 11, 2015, 07:29:57 PM

Faucets are actually pretty nice if you write a script that collects them for you. Otherwise they aren't worth it

If you do that, then there will be no faucets to collect from. You understand how a faucet works right?

^^I was thinking exactly this.

And amph, I was wondering how long it would take you to post some incoherent bullshit and it wasn't long at all. This is why you're on my ignore list.

On a related note, my little faucet payments are getting clogged up in all this nonsense we have going on with the miners/spammers/whatever. But the payments I did receive gained a lot in value in the past few days. Nice to see.

ragi

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Quote from: josephno1 on July 11, 2015, 07:29:57 PM

Faucets are actually pretty nice if you write a script that collects them for you. Otherwise they aren't worth it

If you do that, then there will be no faucets to collect from. You understand how a faucet works right?

upsidedown75

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There is no bot because of the captcha problem.

Quote from: josephno1 on July 11, 2015, 07:29:57 PM

Faucets are actually pretty nice if you write a script that collects them for you. Otherwise they aren't worth it

Amph

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Quote from: odolvlobo on July 11, 2015, 08:15:40 PM

You can earn a lot more by doing mechanical turk than by clicking on faucets, and they both take the same amount of skill and effort.

Bitcoin faucets are like free food. People will do anything for "free" food.

the difference is that in the second you can use a bot and increase your profit and also you can earn bitcoin directly without buying them, and in the case bitcoin go up(like now) your earning will increase drastically

also faucets is another way of earning money in a more anon way

subSTRATA

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:^)

id think that the people that continue to defend faucets are usually unaware of other more efficient ways to obtain bitcoin for minimal effort; posting on this forum being one of the more lucrative methods.

gogxmagog

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The way I feel about faucets is the same way I feel about small change on the sidewalk. I dont go around looking for it, but if I happen to see a nickle on the ground, I pick it up. If you've ever been hungry, you appreciate everything you might get. there are a few faucets that are on my tabs page of my browser, so when I'm surfing the web I may click on a few. Pays my tx fees for no trouble at all.
I've probably made ~0.005 btc over the course of a few years of doing this little habit. that's around $2, but say bitcoin went to 5000$... i would have earned around 30$. its like finding money in your couch!

I never really paid attention to faucets until later in 2012... did they exist before that? how much did they pay out when btc was only worth a few bucks? i bet the guys who went to them in 2009 are pretty glad they did (providing they didn't spend the btc on food... Ive heard homeless guys were big on faucets back in the day)

odolvlobo

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You can earn a lot more by doing mechanical turk than by clicking on faucets, and they both take the same amount of skill and effort.

Bitcoin faucets are like free food. People will do anything for "free" food.

josephno1

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Faucets are actually pretty nice if you write a script that collects them for you. Otherwise they aren't worth it

streamiumcams

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Quote from: The Sceptical Chymist on July 11, 2015, 07:20:27 PM

Since getting into bitcoin not too long ago, I have been very much attracted to faucets. I have what you might call an obsession with the stock market, and if I could get a fraction of a share of, say, Coca-Cola or Apple for free by looking at their advertising I'd jump on it like it was a slut wagon. With BTC it's kind of the same way, because it behaves like a stock somewhat.

What I'm getting at is this: My frontal cortex is telling me that the time I spend getting a few satoshis could be better spent on other tasks. If it was a purely economic decision, I could work more hours or do something else to earn money. The amount faucets give you is pretty trivial in all but the most economically depressed countries, but I do believe that something in my brain that comes from earlier stages of evolution tells me that getting something, anything, for free, is GOOD. And that's the impetus to keep clicking away on those faucets.

Does anyone else here get this sort of thought?

BTW, feel free to insult me. God knows my last 100 posts have been filled with vitriol. It is true that I detest people (you included), but I try to play nicely sometimes.

In all honesty, you have a healthy obsession. Grin

Harry Hood

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Sure, I do. There's also an appealing easy to obtaining the bitcoin - no accounts to set up just solve the captcha and bitcoin gets sent. There's also zero risk that would be associated if you bought bitcoin (and are new to it.) There's also the opportunity to gamble with someone else's money. Maybe that last bit is the real appeal. If you go to a casino and someone gives you a dime (for doing some remedial task) and says you can bet this on anything in this place and for as long or as short as you want and you can keep all that you win - wouldn't you be up for it? (Let alone the fact that you're starting with $0.10 and the amount of luck you'd need to turn that into something worthwhile is really, really high.)

Enjoy the faucets, just don't let them neglect your focus on the stuff that earns you real money.

The Sceptical Chymist

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Since getting into bitcoin not too long ago, I have been very much attracted to faucets. I have what you might call an obsession with the stock market, and if I could get a fraction of a share of, say, Coca-Cola or Apple for free by looking at their advertising I'd jump on it like it was a slut wagon. With BTC it's kind of the same way, because it behaves like a stock somewhat.

What I'm getting at is this: My frontal cortex is telling me that the time I spend getting a few satoshis could be better spent on other tasks. If it was a purely economic decision, I could work more hours or do something else to earn money. The amount faucets give you is pretty trivial in all but the most economically depressed countries, but I do believe that something in my brain that comes from earlier stages of evolution tells me that getting something, anything, for free, is GOOD. And that's the impetus to keep clicking away on those faucets.

Does anyone else here get this sort of thought?

BTW, feel free to insult me. God knows my last 100 posts have been filled with vitriol. It is true that I detest people (you included), but I try to play nicely sometimes.

Topic: The irrational appeal of faucets (Read 787 times)