Bitcoin Forum

I have seen free Bitcoin faucets like www.coinlearn.org or www.coinchat.org and people say they do pay. But how do they ? Just inquisitive...

From donations and income from ads.

They pay out dust for hours if not days of work, and they get their money from ads etc. They're not worth your time.

Yep... but both of us are selling our signature space to earn that dust only ...right ?

Not exactly lol.
hilariousandco has over 4000 posts, so I am pretty sure he gets more than dust :D

From donations and income from ads

but most of faucets dead very soon because many peoples realizing these are waste of time and nothing more 

There will always be newbs who'll be naive enough to waste their time on them.

I don't understand how this is relevant to what I said.

yes true as same I done also and pay the price I want to send 0.2 and its take same fees mean too costly for me this transaction

LoLz ....I dint notice this Big Brother of Stunna's camp. Sorry hilariousandco  :)

Usually at some point when they either owe you more than the minimum transaction or a storage area owes you more, they send it to the wallet address you provided. bitcoinfreebees.me has a bonus area with a chance at 100,000 satoshis.

Just don't cry and your dust will turn into mud. Faucets earn more on ads and increases the traffic for any of their other purposes.

It's a win-win I guess.

Damn this dude mr. hilarious spam like a boss  ;D

Shhhhhh....this is his full time job  ;)

hello，bitcoindream，your name was my first post in the forum，but that is ok，i donot mind.....let us go straight to your topic. usually these faucets have their minimium payouts around 0.000055，you have to work hard to get little little dust to reach the line then you will get paid in 80 hours. the point is not everybody can endure the boring captcha input ，actallually  it is wasting time.

4k posts since Nov. 2013.

http://makeameme.org/media/created/isnt-that-crazy.jpg

some similar site pays in $ or € to do then same .. they give you 0,01 cents if you come on a site and do some clicks, and get paid e.g. 0,02 by ads, => the site owner earn 0,01 cents
If 10 000 persons comes on the site daily, that's interesting for the site owner !
that never interesting for the simple site user, I assume you can earn not more than some dozen of $ spending all day long clicking on sites during one month  ;D

that's the same with crypto coins

They get paid for the advertisements in the bonus page and the more popular the higher the profit and use. they also get donations from people who like what they do and the fact they draw people to bitcoins.

I disagree with people who thinks Bitcoin faucet earning does not matter. Do u know where the CoinChat.org earning of 2012 has shoot up in 2013 ?

is coinchat still running or no I try some time ago but nothing happening but hear from one friend its up again with new management is this true?

https://loquacious.cc/

See here:
https://bitcointalk.org/index.php?topic=74046.msg4746755#msg4746755

I can't read the CAPTCHA code on this faucets ;)

How much can you earn from that? I imagine it can't be much.

I don't know if one can earn anything from that anymore.

See the free Bitcoin sites thread for a list of sites that have been confirmed to pay out.

Free Bitcoin Sites and newbie lotto
https://bitcointalk.org/index.php?topic=90718

I did not get any CAPTCHA on CoinLearn.org :D

If you want the best list of paying bitcoin sites, see my signature...  ;)

LoLz u can also make some BTC with my signature. By d way, uR freebie list seems incomplete...

If I don't like it or think it's scam, I don't include it, and

there is already a million faucet lists out there, the world doesn't need more...lol

How much can you earn from faucets?

I did an experiment on faucets for about a month. Since I'm online most of the day anyway, I tested it out whenever I got a chance to waste some time. And it was time wasted indeed. After using various faucets and filling out countless captchas for about a month I made around .60 USD.

Definitely only worth it for the faucet owners making money from ads.

Thats a good question, I mean I`d assume its from google ads.

But also referring to other sites as well, so referral commissions add up as well.

I think you answered your own question here. Not very much haha. They're a complete waste of time.


Yeah, their money comes from ad hits etc.

I think the best way to earn Free BTC is Follow hilariousandco. Whenever and wherever he posts, post against that. You will get signature payment.  ;)

they earn revenue  from  ads on their website and the profit they share among other bitcoiners ;)

IT's real theres at least 10 000 persons coming on the site daily and that's interesting for the site owner

Bitcoin faucet is highly profitable and that is not insane to use them

This is how it works:

Say a site makes $10 off of the ads you click and whatever you do.  They will purchase $0.10 worth of bitcoins and send that to you.

It's a very small profitable business idea which the owner normally makes multiple websites in order to get more advertisement profit.

bitcoin faucet is never been a highly profitable because its usually works for only newbies and now too many faucets also dead

I like to play the free faucet on Primedice. You get 100 Satoshis to gamble with. Its fun but hard to win enough to cash out,

Very true lol.
It will be way way way better than faucet payments. :D

Higher profitable for the site owner maybe...

I think marginally profitable as site owner has to pay back in Bitcoin as well

But they pay out in dust. I don't think it matters what currency they use.

It might matter if Bitcoin takes off in the future and that dust is worth a lot of money lol

since a lot of newbies and beginners... needless to say beggars
go to faucets, the faucets put up ads which make them breakeven faster than
they can run out

exactly, and I presume, it will touch $ 10K by the end of 2015.

Don't even bother... It would be better to start a blog and expect some payouts from ads but it still would be small.

Mostly ad income!

U should not check its current valuation. Hold it...

I saw big brothers of this forum are suggesting in this thread that Free Faucets are worthless.

Newbies, check yourself here, even the Full Members use free faucet => https://bitcointalk.org/index.php?topic=399670.0

I guess in the early days of Bitcoin, there were people who discouraged CPU mining this way and did that for themselve.

If u are undecided yet, start making Satoshis from my signature referral.

It depends what people mean by worthless. You might be able to earn a little bit of money if you spend 24/7 filling out captchas or getting loads of referrals, but for most they're not worth the effort,

Yah, once upon a time CPU mining was considered worthless. Those who did it at that point of time, are now called millionaire.

You can't unless you're prepared to put in a lot of effort for little gain.

you cannot say this because I started from these faucets and have something in next few days you can check these coinad.com  landofbitcoin.com  and dailybitoins.org best faucets and some thing good coins

AFAIK... Activity increases every 2 week. By the time u take uR activity level to 50+ to be accepted in different signature advertising programs, u may use your own referral signature from CoinLearn.org. I am doing the same with my signature advertising for CoinLearn.org and the referral earning is interesting...  ;)

https://bitcointalk.org/index.php?topic=178608.0

You get 14 activity every two weeks. Think you only need to post once in that two week period to get your full 14 points.

And the faucets wants your email. I bet it's scary or a lot more work than mine some easy coins.

:)

Just buy $10 worth of bitcoins and save yourself 6 months of work.

I dont know which faucet u r talking about, but CoinLearn.org does not ask for email. Join them from my signature, create your own referral and start replying in the forum. Check you BTC address monthly. Bitcoins are pouring in.  :)

Which faucets are you talking about?
BTW, if you really need to fill in your email, just go register a new one with a new password :)

I've been using faucets for about a year, and frankly, it's probably not worth it for the vast majority of people. However, out of it I've been able to purchase 2g of very high grade hash every couple of months for that whole year, which to someone who does't smoke much and has very limited local availablity has frankly made it all worthwhile, so I'd like to thank all those faucet owners for keeping me just a little bit high.

I donno why it did not work for u. But my signature referral of CoinLearn.org works like a charm. I have also seen a lot of people are using freebitco.in referral on this forum.

Lol. What faucets did you use? I suppose you can profit on some if you put in the work, but depends how determined you are.

now I am also using some faucets and they are taking some good response even rate are very low but I have 5 mBTC in few days

Is 5mbtc 5000 satsoshis? Which faucets are you using?

Mostly from ads, coinchat makes 0.1 or more a day from ads alone!

no its 0.005 btc and I am using some different faucets like Prim-dice, freebitco and some more like these  

AFAIK PrimeDice is NOT a faucet, BUT a Gambling site !!!

Buy paying very small amounts. Some pay below 100 satoshi thats $.0001

It has a free faucet too.

from donations and advertisements

Cant check. I think PrimeDice is down now !!!

Hi

I used coinlearn.org and it has never paid out.  Freebitco.in does pay out Freebitco.in (http://freebitco.in/?r=301015)  

Qoinpro (http://qoinpro.com/3e22521e88acffa6fcfb6b62d54b0717) multicoin faucet that credits your account various coins every 24 hours.

Bitvisitor (http://www.bitvisitor.com/?ref=1FFVcYgkNWoje757fnkxhvw2zfAUKkGY1G) Also pays out.

http://www.thediabloguide.com/ is a good place to start as are the faucet listing threads on here.  Be open minded.  It isn't all about free bitcoin; there are many other coins with faucets that are worth using too.

I completely disagree with anyone who says faucets are a waste of time.  Yes it can take a while to build up some satoshi but it is what you do with the satoshi that counts.  Choose a solid coin to invest in, trade it on the exchanges and apply compounding.  

When it comes to choosing a coin to trade in / invest in; it is very important to pick a coin that has any combination or all of the following attributes:
A good development team behind it.
Is innovative in some way.
Has a use or is useful.
Has a unique feature.
Has good branding or is well branded.
A strong community who believe in the coin and can give valid justification of why.
Scarcity of the coin.
Has a strong affinity with something productive / positive [ Could be a movement or ideology + what are the community saying about it?]

These things add value.  A combination of; or all of the aforementioned properties are more likely to make the coin increase in value over time, resulting in a stable market that grows and has good prospects for medium to long term investment.  Avoid mindless "shitcoins", they only end up getting dumped and you will lose your hard earned satoshi.

Watch the markets and look for gradual organic growth, a nice steady natural increase in price.  When you see massive spikes then drops that is people doing pump and dumps.  Look how they market behaves after the pump and dump.  If it starts growing naturally again you know it is a pretty safe market to invest in.

Avoid public pump and dumps as these are often scams where the organisers will dump on you or encourage you to buy as they are dumping.  I personally do not join private pumps because I don't like the idea of dumping on people to profit for myself and I think pumps devalue the market long term.  If a pump comes along when I am trading I will capitalise on it but i will discuss that later in this post.

I like to trade by myself, based on research and informed decisions.  There are lots of free videos, seminars and credible articles on day trading.  Read up on day trading and apply those same techniques.  Read up on compounding and "the rule of 72" as well.  Banks us compounding and the rule of 72 and it is how they generate such massive profits.

I know some people might read this and think "whatever!" so I will give a real example of a trade I did on Mintpal.  In one day of trading I made a 250% return on investment through small incremental trades.  

Lets do a simple example and say you get 25,000 satoshi from the links I posted above.  ROI = [(Payback - Investment)/Investment)*100.  
Let's say you purchased a coin called Pretendcoin at 400 satoshi each.  
That would mean for 25000 satoshi you would have 62.5 Pretendcoin.
Now lets say you have looked at the way the market is behaving and are confident that you can sell those coins for 600 satoshi.
You are correct  :) and they do sell.  You now have 37500 satoshi

ROI = (37500 - 25000) / 25000*100 = 50%

The next day [or even within the next hour] you take your 37500 and the market has dropped a bit; but you can still see growth in the patterns of the market candlestick charts.
[It always pays to watch the market behavior and plan your next trade]

You buy Pretendcoin again at 554 satoshi each.  37500 / 500 = 75 Pretendcoin

Now let's imagine you are watching the market and it suddenly goes crazy.  Going up very fast.  All orders are getting bought up and the coin is breaking out 550, 570, 600, 640, 700, 715, 750, 800

This behavior is the start of a pump. Those prices will hit a peak and then the dumping will start and it will go back down very quickly.  The trick here is to use your intuition, NOT BE GREEDY and have a guess how high it will rise and where YOU are HAPPY to sell.  No matter what happens; as long as you made profit BE HAPPY.  Do not look after and think I sold at 1000 and it went to 2000.  You made a good trade and are in profit.  If you look at what you could of made "If only I held out longer"  that is where mistakes can happen.  If you get trapped in the dump you will either have your satoshi tied up in a trade or coin that will take a while for you to get it back or will be lost.

If this happens and the market is dropping long term on a clear downward longer term trend; it is better to draw a line under it, sell at a loss and start over with what you have left.  FACT all day traders lose on trades.  No one can ever or has ever made a profit on every single trade they ever did.  Be wise and do not take big risks.  Being patient and making small regular profit will pay you well in the medium to long term through compounding.  What counts is being in profit at the end of the day, week or month.  Win some battles, Lose some battles but make sure you are winning the war so to speak.  The medium to long term game is what counts and you want to be in profit overall.

So back to the maths.  The market is getting pumped and you decide to sell your coin at 1500 each.  75 * 1500 = 112500 satoshi  
(The dump starts after the coin peaks at 2220, but we don't care about that do we?  We sold when we were HAPPY and WE MADE PROFIT remember  :) )

ROI = (112500 - 37500) /37500 = 200%

To put those examples into perspective; Forex markets move about 1% a day if you are lucky and are high risk, many noobies who attempt day trading without really learning or planning lose their entire investment though Forex trading.  US stocks move around 30% on a good day and are lower risk but require larger investment to start trading (One site I was looking at $3000 minimum investment to open an account).  The good news is there are so many great free resources to learn the technical theory and techniques used in day trading.  Those same tried and tested principles apply to cryptocurrency trading.  For example watch: VIDEO :  How to understand Candlestick Charts - http://youtu.be/OGFxp3Pixg8

Get a spreadsheet and do some compounding for fun.  Make up some numbers and have a play around compounding your trades; put some losses in there too if you want just for fun.  Be realistic but also treat yourself to some big wins (it will happen); by around the 15th - 17th trade you will find a very pleasant surprise at how much your faucet money has turned into  ;D .  Even better, watch a market and put real trades you would have done on the spreadsheet without actually making the trades.  You won't make money but you will learn from this exercise, gain in confidence and any losses won't matter a single bit....coin  :D.


I have traded various coins; however the markets I am trading at the moment are:

Black coin [BC] / BTC
Fluttercoin [FLT] / BTC
BitcoinsCrypt [BTCS] / BTC
Karmacoin [KARMA] / [LTC]

Best advice I was given in regards trading (from a stockbroker turned day trader) was:  It is not about the size of the ROI on a single trade it is about making decent incremental gains at a pace you are happy with.  Do not take risks that you are uncomfortable with.  Yes you can put all of your satoshi in a single trade but do not get emotional about it.  If you lose it; it is lost.  Accept it and start again but look at the positive side too.  What did you learn from the experience?  Better to start off will small trades and realistic risks.  For example 10% of your satoshi and a 5% ROI.  This is good practice.  It will not take long for you to get a feel for the markets of the coins you choose and you can start making larger ROI with confidence because you are making informed decisions based on your knowledge, experience and intuition into that trade.  It is when people get caught up in the "buzz" of bigger and bigger returns that they take bigger and bigger risks.  Eventually one of those big risks will end in disaster.  Keep a day trading diary.  Whether trades go wrong or right keep a record of what you did?  What happened? Why did it happen?  Reflect on it and use it to enhance your insight and intuition.  Pattern recognition is a big part of successful trading and patterns repeat themselves; your diary can help you recognise these patterns in the future.  Markets are driven by human behavior and many behaviors are predictable.

Good luck with your faucets.  Keep collecting free satoshis but also remember to click adverts on those sites you are interested in.  If the faucet does not make money from the ads the free bitcoins will run out and the faucet will have to close.  By using those satoshi wisely you can earn some good money.

I know visiting faucets seems painfully slow going at first and can be a ball-ache, so I shall leave you with my quote of the day - "Nothing can be achieved without effort except for failure" - Anon.

P.S Don't waste those satoshi on gambling websites.  The house will always win in the long term and 0 satoshi = no trading opportunities.
 

It's mostly from ad revenue. And it's not much either. Waste of time if you ask me.

@GAML U have made a really good post clarifying why earnings from free faucets matter. I just disagree with u on one point, when u say CoinLearn.org does not pay. CoinLearn.org and FreeBitco.in are the 2 faucets from where I have received payement. CoinLearn.org payment proofs on blockchain are on their site too and u may also verify the same from other posts in the forum. For freebitco.in... u have already spoken the truth. :)

Hi thank you and thank you for pointing this out.  I must be doing something wrong in that case.  I have over 9000 satoshi on my coinlearn account back have never been able to find information or a check box or anything to get them paid out?  Is there a set limit I am missing to enable auto payment?  I also sent you a DM  ;)

There was an app or website that would take you to each website and what have you. Something to do while you're bored I guess.

Most faucets earned from donations and advertisements.

From www.CoinLearn.org home page...


So u r 1000 Satoshi less than the threshold. Once you reach the threshold, dont expect to be paid immediately. They'll move it to the pending. On their next payment schedule they'll pay u off. In the mean time u may increase your pending amount by spending more time on the site. I used to earn myself till mid of march. Now, as I have been a little busy, I am relying on some good referrals made at reddit, FB and twitter. Interestingly, their referral payout is better than freebitco.in ....at least in my case.

Faucets is complete waste of your time.

You should read GAML's post: https://bitcointalk.org/index.php?topic=431978.msg5883030#msg5883030

Faucet make money by donations and ads. And most of have minimum limit for payout.Most people will not reach payout. So their expense is very less.

+1

Yes and it's always newbies that fall in for that trap thinking that the tiny bits faucets give you can turn into something really big

They believe the dusts will still worth a lot when btc price go up 1000x  ;D

Nope, I used to visit faucets back when the price was ~$90 and saved up 0.0025BTC (from 2 months of faucet visiting) and when the price spiked up to ~$1200 it was only worth ~$3. Moral of the story: faucets are a waste of time

There use to be some "altruistic" faucets out there, run by guys who just wanted to spread bitcoin. These were generally funded by a mining rig, one GPU maybe in 2012, and I know there was one guy with a BFL single doing it 6 months or so back... but high demand and rising difficulty meant they went from millibits to dust over a couple of months. Then even when they "bottomed" at 100 satoshi or so, they'd be all out within an hour of midnight or whenever they reset.

I did not get your point !!! :o

Are you saying faucets pay by mining ?

No.
They pay by donation (people who believe in bitcoin and want to spread it...), but mainly from the ads that are present on the website.

This is why, you will not get a lot of btc, and it is not really worth your time ^^

Faucet owners don't earn a lot, just enough to keep their faucets running with a small profit.. Really not worth it imo.

faucet completely wasting time, especially if no referral program there
if it have great referral program, we can try and see how much we got ;D
faucet owner get $ from advertising and pay us with BTC

Faucets are good when you're starting out, to test your wallet and such.