Bitcoin Forum

My point being , there's so many other much more profitable ways to be earning bitcoins can someone explain to me who the people using these are ? and why.

I am not sure if at all this topic is needed. There plenty of topics on faucets in this section and in most of them you will find suitable arguments for and against them. No need to start them anew here. I am personally considering faucet a waste of time.

its just that , i keep seeing people reccomending faucets to newbie's and its making me wondering cause everytime im at a faucet i see them givving less than a penny and takes about 30 seconds to complete. which is a complete waste of time.

Well, it's a great way for newbies to get their hands on their first satoshis. Also, if you manage to somehow get a lot of referrals, you can get a decent amount.

I can answer you. Faucets are used by newbies and people who believe that by using faucets they will earn something decent. First group are just being newbies, so it is to be expected but second group it simply stupid.

Newbies use faucets which get's them used to the wallets and how to send BTC putting there address places to deposit also helps, gets them acquainted with smaller amount satoshi and fee's.

Not a money maker by a long shot but i learned alot threw them and earning my first ten cent in BTC  ;D

They are used to feed the owners ad payments basically :)

It's indeed a good start in the beginning to earn something (a very litte bit).
It are all very small amounts but i liked it in the beginning when they came into my wallet.
After some time, you find it all taking too much time for that little amounts.
But it is a good learning school, without risk.

a better way is to sign up to a campaign , and at the same time be able to actually learn something new at the same time , at a faucet you simply type random captcha's

sure , but i see legendary , hero members , sr members etc suggesting people to use faucets which i still cant belive. i do belive why a newbie would get the impression that using a faucet would be a good idea tho.

i kind of like this explanation , i could see how you'd like some first bitcoins etc to get started. but in my understanding the owners actually earn from these faucets , which probably means there's people that actually do like 20 faucets daily which i cant get into my mind.

yup , i know that what im wondering is why people keep actively using them.

alright , but there's like 1000 + faucets , how can the owners still profit from ads people using them are probaly using them 1-2 times untill they realise their getting pennies ?

just so you guys know, I have already earned over 0.30 bitcoin from faucet referral commissions in the last 6 months. It was not hard work and it continues to pay me daily. It's great to help cover some of the transaction fees and it pays for my hosting.  8)

People that say faucets are a waste of time and just lazy with no unique ideas.  ;)

Good luck to all and let's make the bitcoin community bigger.

I just don't understand what does the Faucet get out of it? Is it for advertising purposes?

The same reason why people keep using pyramid schemes, ponzis and trying to make 1440$ every day from working from home ;)

They get a automatic flow of multiple income streams from the faucet traffic clicking on banner ads and joining affiliate banners.

The faucet owners earn profit from multiple ad networks that pay for hits and clicks. Also they earn referral commissions from affiliate banners and links.

IF done right, anyone can run a successful faucet website.

Tip:  If you thing you cant, then don't try.

Easiest answer ever.

Who uses Faucets and why?

NOOBS, because they're uninformed.  You get more money checking your couch cushions for change.

There are plenty of more effective ways of earning pennies, be it mini jobs, watching adverts, participating in questionnaires,...., but still as a source of getting first btc it may be fun, for at most a week. And that only if you are really stubborn.After that, you either have a huge refferal network or you quit it.

wouldn't some people have botnets too to get a little extra bitcoin from faucets? i'm sure some bots would be able to crack capthcas on some of these faucets. i'd imagine they'd make a good amount of bitcoin by running a botnet on bitcoin faucets.

You would make more at a faucet then at a newbie signature campaign, so that's why newbies go to faucets.

Faucets are a good start for newbies on using bitcoins. Its like testing the waters. While other creative guys used faucets to gather funds for trying to gamble on other sites too, hoping to increase their btc holdings.

I don't know, perhaps you, or your friends?

Faucets are ad platforms.

It's hard to persuade people to spend money or invest in unless something is given. For instance, faucet is for new,clean users.

While others have been earning profit regardless the price index against the dollars. I am one of them ,time will tell if succeed or not. If you are not sure, Why don't you PM to ask?

When i know bitcoin, i used faucet and everyday i used faucet :') why? because i want to invest in cloud mining service then most all cloud mining service is ponzi :')
the point is who used faucet is newbie who new in bitcoin world.

Faucets are a waste of time.
But if you want to get your hands on your first satoshis, it is a better way of obtaining them than begging.
People are initially reluctant to "spend" money to buy bitcoins.

Many people on my country have many alt accounts on a faucet, about 20-200 each person. They make a script/macro, then they earn from it massively.

My comment is even if you have so much time to spare, you are still better off doing nothing. Most of the time, amount of bitcoin you earn are not even enough to cover the transaction fees

Newbies that are yet to figure out that it is time better spent to earn fiat and buy btc rather than chase faucets

Faucet isn't really useless in my opinion..

The faucets were the one introduced me into bitcoin world
Then I learn the basic about how bitcoin works, what they do, etc
also if I lucky maybe I got the biggest jackpot on there :p

But yeah, faucet doesn't make you rich.. working does ;D

Faucets are the easiest way to earn bitcoins and there are only few that are really good as you earn lot and they withdraw to your bitcoin account only after you earn the minimum else the fee charged is a lot. Few good ones are http://moonbit.co.in/, bitcoinaliens, freebitco.in

They can have a rational use, for those who want to try using cryptocurrencies for the first time.

Since newbies would likely not have much knowledge in Bitcoin, they are unable to post constructively on the forum. To truly understand Bitcoin, one must try to send or receive Bitcoin. There's where the faucet comes in.

faucet should reward you more, maybe adding captcha to solve with it, cuz right now they are useless really

Speaking as someone who both uses faucets AND runs her own bitcoin faucet, I look at it primarily as an introduction to
acquiring / sending Bitcoin. They see how easy Bitcoin transactions are and it isn't the Big Unknown Thing anymore. I think
too that it appeals to the gambler's mentality in a lot of folks - will I or won't I will the big payout this time?

The only thing that that irks me are the insane number of ads faucet owners try to cram onto their faucet pages. I get
the ad revenue angle, but having so many ads, pop-ups, and pop-unders that users' browsers start sobbing uncontrollably
in the corner? Not cool. Also the porn ads. A LOT of newbie Bitcoin faucet users are kids and faucet owners need to take
that into account.

/end rant

i can categories people who use faucets like this:
1) people who just started with bitcoin (like me back then) and what to see what is what and learn a bit.
2) people who can gather a lot of refferals in a way that it would be worth the effort
3) people who don't know how to use a calculator or their time is worthless

just a beginner, and to master faucet usually play a lot and have a lot refferal :)

and anyone for he felt faucet was paid a high enough

the only people who use faucets are the ones which worthless time! because it is a waste of time. you fill in the captcha only to get average of 100 satoshi!!!

i don't think it is possible, or at least not possible with those numbers (20-200 accounts) because faucets will not pay the same IP in one time period and also i doubt if someone can change IP 200 times!

Its obvious that they want to earn some extra money by using faucets.


I dont think thats bots can solve the capthcas. its impossible

There is bots which can solve simple captchas such as recaptcha's captcha. Solvemedia, Minteye and areyouahuman captchas are even better. But there are bots which takes specific captchas from websites and will give to paid captcha solvers(humams).

P.S. If you want to look for yourself, go to browser extension/plugin store, search for captcha solver and install it and open a faucet which has recaptcha. Solvemedia may not work.

   -MZ

Yes, but like someone said, newbies are sometimes unable to make constructive posts, and the only way to truly understand bitcoin is to send some around. Newbies make 60 satoshis per post in a signature campaign every 4 minutes. (Due to the time limit, newbies can only post every 4 minutes) While faucets give 100 satoshis or more every 30 seconds. Newbies might make an account here, but they will also go to faucets, as faucets have better pay then their own signature campaign.

Also, in future, quoting someone elses post and editing it looks weird. I look like I'm making a point to myself, lol.

AFAIK, no automated bot can solve recaptcha at all. If bots are detected, they will just increase the difficulty. Even if OCRs are created, the accuracy will be very low. Most of them are just human captcha solving services. Solvemedia involves the user to click on the screen which can be abit complicated.

hmm thats great information  ;D thanks lol i will try if there are few sites so i can use that bot
but what is  recaptcha's?

thanks

It is currently a captcha service provided by Google(http://www.google.com/recaptcha/intro/) it was originally developed by another team before acquired by Google. Google use it to digitize books and for Google street view to determine location.

Not, there aren't many other alternatives for most of beginners.

In the services forum there aren't so many works, and most of them are PHP related.

I'm with you bro.  When I got into bitcoin (price was $11), I looked at the faucets and saw that people are spending a lot of time to hunt down 3 cents worth of Bitcoin.   I asked myself the question your posing.   I've decided faucet users are either clueless, living in a country where 3 cents is worth something, or basically ... children.

How many children come on here to debate I wonder.  ::)

I'm glad I didn't waste a minute on that crap, and instead went into my storage closet to see what I can sell for bitcoin.   Best decision I ever made.  But hey "there are reasons for and against faucets"... yeah, right!

Beginners at bitcoin who don't know better. After few weeks they realize what a waste of time faucets are. But buy then there are new beginners to take their seats :-)

Alright , how did you get those referral's ? if it was with a signature , you could get atleast 1-2 btc in 6 month time making it a waste.
and im mostly , talking about the newbs using the faucets i understand why faucets keep getting made etc , i just dont understand whom the people using them actively are

yea , they get publicity to their website ( domain goes up in value ) and their getting income from adsense , etc

this is kind of what i think aswell, i do understand why someone would use a faucets 1-2 times though , but obviously since faucet owners are profiting there has to be people spending hours after hours typing captcha and i can help but feel bad for them would be awesome to get one of them in this thread :>

this is a good theory , and something i'd actually belive cause i have a hard time beliving there's people spending countless hours doing the captcha's :>

newbie's can earn 0.00005 per post , which i belive is more than any faucet out there ? if not , please tell me which ^-^

all faucets i know of , already use captcha right ? : > please inform me if im wrong

Earn extra money using faucets ? ,the points is they'd earn more money stealing from the poorest people alive  ::)

still , children could just ask their parents for 3 bucks and they'd have more money than they'd earn in a week. and if you live in a poor country , where 3 cents is worth something , i dont think you'd have a pc in the first place.

there's signature campaigns , paying way more than what the faucets do though.

newbie signature campaigns pay out 0.00005 BTC / POST which is , quite alot more than what a faucet pays out

I noticed that it's better than mining for (absolute/lazy n00bs). I still prefer pools.

Oh yeah, I misread, my mistake. So 5000 satoshis every 4 minutes. Some newbies find faucets easier though. Not sure why. Then again, if you can somehow get tons of referals at faucets, you can get a decent amount of satoshis.

OCRs have very low accuracy, they take sometime before it solves the captcha. The ads in the browser could cause computers to slow down and become noticeable. Most faucet uses either recaptcha or solvemedia which is close to impossible to solve using OCRs right now. Think about it, if owners knows their captcha can be solve by OCR s, they would likely to change it as repeated viewing would yield less profits.

Lots of people dont have the money to invest into btc (ie buying BTC with $). Faucets are a very quick and (imo) excellent way for poor people and noobies to gain some satoshi's, so they can then start trading and, hopefully, earn some really good amounts . I myself still use faucets to this day

MEPH

beginner players, and people who need :)
and people who are not so good at anything, who always want to get the easiest way

Even, if it can be solved... it would not break the bigger faucets. You just implement second tier validation. {Popup with questions} or you increase the time between payouts.

Back to the OP's topic. - People are suckers for anything labelled as FREE. We tested that theory at a market once, and gave out FREE "Lion piss" in bottles. {Obviously it was fake, but it was meant to test a theory} We had 135 bottles and gave away EVERYTHING within the first hour. {We then approached these people and asked them why they took the bottles .... and the majority of them said.... "IT WAS FREE"}

Nobody bothered to ask, how we managed to "farm" the lions piss.  ???

I was a user faucet :)

sure , mining is even a bigger waste unless you have a asiic i guess , but if you can do faucets you can do signature campaigns rite ? :>

you'd need a shitton of refeerals :P

yup , indeed i doubt there's bots solving them which makes it weird that faucet owners profit at all from people using these facuets.

may i ask why you use faucets? seeing that you're a full member and probably in a decent signature campaign , you'd have to use 10-100 faucets to get the same that you would from ONE post

sure , but if you're capeable of using a faucet you are capeable of joining a signature campaign and get money from it.

you'd be able to sell that bottle of lion piss to a wild farmer for like 10 bucks tho  :>

Tell us more please ?

I disagree. For getting Satoshis from faucets, you just need to know how to type English alphabets. To earn from signature campaigns, you need to know rules of this forum, about English statement and patience to read.


He is just telling he used to earn from faucets.

You ought tobe careful, friend! You should quote the posts you are replying to one post instead of making many just to increase the post count and thus to earn more money. You may get a temporary ban(insubstantial posts+signature advertisement). :)

   -MZ

i have no idea how to quote many posts at once :l , my posts are manually counted so my sig campaign doesnt have to include all of them if it doesnt want to

If you are using 'Quick Reply'^[1], you can click 'quote' as many times you like. If you use normal reply^[2], i.e., when you click quote, you go to a new page with icons and text fields, you click 'Insert Quote'^[3] to insert as many quotes you like.

[1] http://flic.kr/p/ra2cvL
[2] http://flic.kr/p/ra2pRN
[3] http://flic.kr/p/qUJMuY


But mods don't want to hear 'how payments are calculated' but... as you didn't know 'how to multi-quote', they may not do anything about the posts you made till today. ::) :)

   -MZ

Faucet owners profit by users visiting their page and a view would be counted by the advertiser and a portion of money is paid. Faucet owners are more likely to profit by unique view instead of continuous views from same IP.

True, but every little helps, specially when i keep buying damn coins at the high end, then the price falls, lol. Plus, this is only my 2nd week of sig campaign, so i am still new to that.

MEPH

Because it not cost like mining or to pay anything, just need vps (cheap) buy script. Ez but earn not much then another ways

can you explain more about script how it work and where to buy script and rent vps?

thanks for helping out , gonna try to get started with that
also guys , i found a bot that actually does captcha's tried it on faucets with succes called " rumola " its not free tho. but this means , that most people using faucets are probably abusing them with bots :/

Faucets are great for beginners to add a few bits to their wallets.

Faucet owners earn money from ads.

exactly. Good only for the first week. Once you realise how little you may earn that way, look immediately for something better, i.e., paid to watch adds, signature campaigns, etc.

How much time does it take to solve a captha? 5 seconds {I counted it} - If you solved 10 per day, you would have spend +/- 1 minute of your day on that. {Counting all the other little things.. waiting for the site to load etc... not more than 10 minutes max}

FreeBitcoin payout is about 1000 Satoshi per hour x 10 = 10 000 Satoshi per day income. {Most will say that is a waste of time... in reality, that increase over a few days and it pays for ALL your transactions/miner fees, when you do transactions}

It will not create "dust" because it's only paid at the end of a week, if it's more than a minimum amount.

My referral network currently pay ALL my miners fees, and I do not solve a single captha on these faucets. They even pay for my adverticement cost, because a % of my income go directly to my adverticement account.

Tell me again, that it's a waste of time.  ;)

The only people using faucets are the ones that don't understand the point you're making. Mostly noobs.

More explanation for those who're still using faucets and are reading this topic:

There are only 2 types of Bitcoin faucets:
1. Bad faucets
2. Worst faucets

- Calculate the amount of time you spend for filling out CAPTCHAS on faucets.
- See how much BTC you earned by spending that time.
- Look for a job that you can do and see how much it pays for the same amount of time
- See how many Bitcoins you can buy by earning that much of fiat.

VOILA!  A MOMENT OF LIBERATION !!

It's mostly noobs, who cannot read a whole thread, where it was explained to them, how they can make BTC without having to spend ANY time solving capthas on a faucet... who will make statements like that.

I spend time in the beginning, building a referral network, and now I do not have to spend ANY time, to get BTC. {Every week, I get BTC from other people using the faucet}

What other work, pay you for doing nothing?

Even if you have to solve 10 capthas a day at the start, it will still only take you 10 minutes a day. {What other jobs, pay you for 10 minutes, and how much do they pay you?}

There is a lot of unemployed people in this world, and faucets can make a difference to them. { I live in a country, where poor people have access to FREE internet and computers } They pay nothing for electricity and internet access... All income through faucets are pure profit to them.

If they supplement income from faucets with other small tasks, it will help them, pay for a meal or a drink. {It takes 10 minutes of their time} $0.10 converted from dollar to other currencies, sometimes multiplies by 10 or even 15... So when these people gets paid in dollar, they get more of their own currency. {Here people can buy a satchel of concentrated powder to make 2Lt of cooldrink for $0.10} 

Some people have money and look down on people using faucets.. but they are totally missing the point.  >:(  

When i first joined , even faucet seemed nice to me , it was fun , searching out new faucets and thinking i could really make some good money with that , it was untill i realised that i was just wasting my time unless we can get what we used to get in 2012 :D

Dump Bitcoin at cheaper than earlier. Then you will start getting what you used to get in 2011-2012. ::)

   -MZ

My story exactly.

Fun in the beginning to see anything else than 0.000000 BTC in your wallet. However, you make less than a few pennies plus if you want to move the coins you would need to pay more coins than what you have.

Personally I'm not looking down on it, I'm trying to figure out the economics of it.  As others are I'm sure.  I still don't see how it could be worth the time wasted doing it, even in the poorest of countries. 

I'm not sure either, the rewards are so low lately.  If people stop using them maybe they'll have to increase rewards to get their site visits or to even get noticed.

the best answer is, faucet is the most easily to get a little mount of satoshi

lately? Do you compare it to the times when faucets gave out 1 bitcoin per hour and one bitcoin was worth 0.50 cents? In those days, hardly anyone knew about bitcoin, so the userbase of a faucet would have been a few hundred people. Things have changed now... the higest paying faucets now pay out to millions of registered users. {Freebitco.in has 1,165,107 registered users}

The math to run a profitable faucet these days are staggering and if you get the margin wrong, you will die quickly.

@MichealBliss : Believe me, the rich kids of a first world country, will not benefit from using a faucet... they pay more for a cup of coffee than what you would make from a faucet in a year... but for a person in a 3rd world country, that same amount will be the difference between, having a cheap drink or having none at all.

totally new users who don't have hardwares to mine and want to get into bitcoin without any investment use them
some people use them to get some satoshis and learn how bitcoin works

Rumola is actually a company that pays workers to solve captcha for their customer. It would likely to pass the captcha check as it is actual human solving it. However, the cost per captcha is very high and would make it impossible for anyone to make a profit or may even get loss due to the operating fees.

oh , okey then i guess the only ones profiting from faucets are the faucet owners ^_^