Bitcoin Forum

I think the past few months with the rise of the 1000+ satoshi faucets - all started perhaps by MotherFaucet - I personally think that it's a great time to use faucets. Bitcoin is still in the early stages, despite what the media or pessimistic miners think. To me, the miners are in Bitcoin for the short term return on their investment in mining equipment. Faucet users, on the other hand, have benefited from a huge increase in the number of faucets paying instantly to microcaches, as well as faucets offering direct payments.

We've seen the price of BTC hit $200 twice in the last year and it's hit $300 for the second time IIRC. $400 again?

If anything, I think faucet admins have helped to stablize Bitcoin. If you look at the traffic that faucet users receive, the vast majority is from Russia, Ukraine and countries from the 'Global South'. People who want to get into Bitcoin who can't afford arrays of miners, or even expensive GPUs (and GPU mining is pretty much obsolete anyway) and don't want to take up mining as a hobby have a pretty fair chance of getting a little bit of Bitcoin, as well as learning about Blockchain transactions.

Tips from The Faucet Runner:

1. Don't gamble all your satoshis. Or if you do gamble, only gamble what you can afford to lose. House always wins.
2. Don't be picky - support the little guys. Satoshi is free and nobody knows how much it's worth in the long run, so stick with it.
3. Support Bitcoin ads and faucets. Advertise your referral link and promote other faucets! Since starting out in Bitcoin I've earned around 3BTC in referral earnings purely from faucets.
4. Don't invest in cloud mining operations. If it sounds too good to be true, steer clear.

 ;D

Great tips, and I agree with all of them. :) Faucets help beginners into the bitcoin world, as well as any veteran earn some micro amounts. I myself earned by first bit through faucets!

Great list of tips OP! Also, if you enjoy the faucet and want to support the owners, remember that faucets are run on advertisements, so you might want to check out the faucet's advertisers. Usually, the more successful a faucet is, the longer they will stick around and they also may increase the payouts.

A very good time to be a micro-earner indeed ..

Bitcoin isn't that popular here in nigeria, well at least not yet ..


But i'm spreading the word. ;D

+1

But more faucet have a revenue in satoshi, balanced to the bitcoin value.
Example, 2 week later, freebit.co.in pay 850 satoshi for claim, now pay only 630 satoshi.

I suggest already , help faucet with high rewards, whit click to advertising, and not use faucet with antibot, is only a lose time

Big faucets are like that but there are still a lot of faucets that pay 1000 or more every 1 hour or even less(maybe they will not last forever like moon, freebitco etc but every day a new one pop ups so it's not a problem).

I totally agree with this topic.

The only problem that persists blocking the new faucets grow is the scamming action.

If the scammers and bots stop to drain the faucets of course we could offer higger rewards to the faucet users.

In addition to, the faucet users should support that faucets that they like checking the its advertisers.

nice tips, ty ;)

Faucet is great for newbies to get their hands on some play money. Faucets pays too little to worth the time. Time could be spent elsewhere with a better income. It is also not a good time for faucet either. Bitcoin price is rising, faucets are likely to disappear when price rockets.

I see this stance quite a lot, usually from users with sig campaigns who are looking for an excuse to have a little pop and get paid while they're at it. It's a bit of a sneery attitude.

People waste plenty of time on social media doing nothing and get paid nothing, while increasing the share value and ad revenue of huge companies. And I don't think there's a big issue with faucets disappearing - there are 10 new faucets every day at the moment it seems.

The micro-economy is having some sort of impact on the rest of the wider Bitcoin economy, the volume of 'dust' transactions that are actually meaningful has probably never been so high.

Amen!!

There will always be people who think that the faucets is waste of time,perhaps for some who earn per post 100k satoshi really are a waste of time.
If used in the correct way faucets can make a profit,and I think now there is no better way of using faucet than with rotator in combination with FaucetBox to avoid a lot of small transactions.

Faucet will exist and when price of Bitcoin go up,only will adjust the size of the prize-as many are already doing these days.

I git my first satoshies from faucets and still use some of them from time to time. Sure it is good way to start with bitcoin and get feeling about what it is. In my opinion, faucets are great for promoting bitcoin.

I agree and I think that faucets move a lot of money into the bitcoin environment.

It is bigger than just what we can see.

For example... Because of faucets I started to buy bitcoins. Now I'm spending US$ 150,00 monthly buying bitcoins.

Faucets are very very very important to incentivate the growing bictoins world.

Nice tips Thank's

Tips from The Faucet Runner:

1. Don't gamble all your satoshis. Or if you do gamble, only gamble what you can afford to lose. House always wins.
2. Don't be picky - support the little guys. Satoshi is free and nobody knows how much it's worth in the long run, so stick with it.
3. Support Bitcoin ads and faucets. Advertise your referral link and promote other faucets! Since starting out in Bitcoin I've earned around 3BTC in referral earnings purely from faucets.
4. Don't invest in cloud mining operations. If it sounds too good to be true, steer clear.

Awesome tips for newbies. Investing is not good if your newbie so think twice or think wise.Then Yes playing gamble is high risky so dont play what you earn from faucet. The way you can earn more is to have a lots of faucet referals and make your own faucet rotator to easy locate it...