Bitcoin Forum

I have not tried with both online and telegram bot faucets which I think is a waste of time, mining websites are known scam which I tried with a couple of websites


Why these bots and websites are running even though these are all known scams

Newbie may not have much knowledge about how this works so they may try to use them but end up losing their money but its proves that no more faucets and cloud mining sites were profitable to the end user.

Yeah that is true faucet is obe of the source of earnings herin crypto before but honestly after the captcha is gone I'll never try again to work into faucet. And telling prankly I have not try minung unto my pc to get earn earn, I focus in trading job risky.

Because they own the domain and they can only be stopped if people stopped using them or the domain expires. There are bitcoin faucets that are for real like the ones that are the casinos offering.

I wonder how long you should click to earn 1 btc  ;D

At this current moment, it's more of slavery. You keep claiming faucet daily, weeks and months yet wouldn't amount to anything tangible.

So, in conclusion, the Bitcoin Faucet and cloud mining website won't pay.

Thank God ... I know it now!!!

Some time ago, someone offered/invited me to do that, he tried to convince me by telling me about the profit would get later. At first glance it is very convincing, but thankfully here, now, I knew the truth.

I just wanted to chime in my 2 satoshi's...
The average faucet seems to be paying out <50 sat (source: a quick browse trough the list of faucethub, coinpot, freebitco.in,...).

This means you'll have to make about 2 million claims to "get" 1 BTC.
If you incorporate the fact that at least half of the faucets are dry, scams, dissapear, or have hidden their claim button so good nobody can find it), you'll need to visit at least 4 million faucets to get 1 BTC.

Opening the faucet, filling in all those captcha's, you addresss, claim, popups, even more captcha's.. I estimate it takes 2 minutes to make a claim.

So 1 claiming 1 BTC would be equal to spending 8 million minutes =~ 133.000 hours.

So, with the current BTC rate, you'll make about ~7 cents per hour... If the minimum wage in your country is higher than 7 dollarcents per hour (substract the energy you used for that hour of claiming, substract the cost of decent internet, substract the cost of the device you use to claim), it would be wiser to get an IRL job and convert some of your wages into btc rather than spending your time claiming from faucets.

That being said: there are "real" online faucets that aren't a scam (they "pay" 7 cents per hour)... I wouldn't trust those telegram bots tough, i don't get their businessmodel, i don't see where they get their money from, so i don't think they can operate without scamming people.

Sometimes i wonder if humans solving the captcha isn't more valuable to them than what few satoshis they give? Yes i am aware of services that pay humans to solve captchas, which defeats the whole point... I guess the whole captcha thing just increased spamming costs a bit.

Unfortunately i live in that country you mention... It makes for a hard choice when a full time job will net you 2¢ per hour (not a joke).

But yes, you can earn more doing some other things rather than faucets. I know people that try to do all they can with their internet, still better than the alternative... Try microtasks, or even ad clicking (again another model that feeds back itself...).

I wouldn't bother with "mining" websites, at all. The only good mining is asic mining, and maybe gpu mining for some altcoins, but thats about it. You can probably make more buying and holding, if you have spare money to invest that can be put aside for a long time.

I don’t know about everyone, but the freebitcoin definitely pays. I even checked it personally.

because there are people who's starving to death if they don't participate in scammings lol.

this scammers will stop if there is no victims,but since there are too many prospective victims then they are continuing the strategy.

They just pretends to be,because faucet sites have limits to withdraw ad high transaction fee so we are going to give everything as transaction fee to the faucet back so yes they are fooling us.

They pay mostly Bitcoin cranes, but not all.

Still there are few doge faucets :) BTC transaction fee is too expensive to allow existing this kind faucets, no body remember on the beginning there was few BTC faucets which really works

They really pay, but it's crumbs from the amount of money that they get per ton of advertising on their sites