Bitcoin Forum

Why is it everyone wants to post FREE BITCOINS in faucets!!! But the pay out is equal to maybe 1 cent USD for wasting hours upon hours tryin to read the capthchas, you have to read 500,000 capthchas to get 0.01 BTC totally not worth the time You may as well walk around your town looking for change on the ground. The sites listed in these faucets want you to have a certain amount to payout and who says they will still be around tommorow.

i agree.

That will different if you have many referral  :)

They've been sucky since I joined (back in March) and they probably suck even more now!  I haven't gone back to them in a while.

There are only a couple faucets worth even entering the captcha.  The best way to get free bitcoin in my opinion is to do the little activites for microbtc like bitcoinget

They exist primarily because the faucet owners make more money than they give away in minuscule amounts of bitcoin. :)

I think this may be a hindrance to bitcoin in general. We are familiar with quantities of 1000s or even millions/billions...less so milli, micro etc. It's also pretty lame to spend all this money and get a single "coin" psychologically.

Well that's right but whatdo you expect? They pay you that 0.01 cent for free (at least for entering a captcha).
Generally they make there money from advertisement sales and high traffic,if they pay every one of those "high traffic" they would be paying more than what advertisers pay them.

Do you expect somebody to pay you 1BTC per day to solve capthchas?

Yes,the bitcoin faucets aren't to make you a lot of bitcoins so this is the situation.Maybe some of them are good,but you decide whether or not to use them.

Faucets exist primarily to get some very little cointo new users

Not suitable if you want to accumulate significant positions

I made 8 cents worth of bitcoin when I solved captchas, I wanted to have reason to have a wallet and see how well transfers were, now its worth like 70 cents or something, the faucet's gave me a little to play with and I came to understand wallets a little, they serve their purpose I think.

www.minecraftcc.com/getpaid/ - up to 0.04 BTC/week is paid out based on your gameplay.  I regularly pay 0.04 BTC to at least 20-25 players each week - it is very acheivable.

Faucets are a "joke" now when bitcoins are at $900,
but they weren't when it was at $50 level at the beginning of the year.
They operate by turning ads revenue (in dollars) into bitcoins,
if bitcoin price rises, amount of free bitcoin they give away drops.
I remember getting 0.01btc/day from visiting a handful of faucets (around march this year)
and some said they could even get 0.1btc/day by doing small tasks.

I admit faucets are running on fumes now, and we will see less and less of them in the future.

i agree. they used to pay out a lot more -- now that we know how much bitcoins are worth!  ;)

Yes,the situation is like that-before it was more worthy but you can do it now as well if you want.Just isn't that much.

Joke? still not...

They are not joke. It's good way to get some free bitcoins, to eg. test some services that requires this coins.

Also, noone wants to give away something that can become even more valuable soon :)

Yes,if you want to earn some bitcoins despite it's not that much faucets can be a good way.Depends on what are you willing to do.

Minimum Bitcoin transaction must be about 5500 Satoshi. This is why you need accumulate. Faucets are profitable only for bots, humans will waste a lot of time for one cent  ;D

Agree, gave up on faucet long ago.

Check out my signature for some good ways to get free btc, easier than those faucets

Yes, I using gambling sites faucets only, the payout is higher than regular free faucets. But you have to bet it

Yeah , but there is also the chance of winning , and that will bring more money than viewing websites .

Because of the commission from your referral

Faucets are for investors.  If you exchange the money for a cent right away, your a dufas.  Wait 10 years when it might be worth something.  Like $10000