Bitcoin Forum

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Very well said... It's very true that when you make them, and try to spend them, you see that they ain't worth a dime based on some very small faucet earnings and go back empty-handed... They should learn to invest instead or to gain them by doing jobs for it like writing, translating, photography, microjobs, etc...

This is what I do when I know bitcoin, yeah faucet is worth a penny and wasting time, after I earn some penny from  faucet I invest to cm and now I know most all of cm is ponziii :-\

There are two kinds of people who actually make money on faucets.  The biggest is the faucer owner, he's making money on every single person.  Second is the referral magicians that some how get a lot of people to use their referral. (There are not many of the referrals that make good money.)   It's pretty much the owner.

The only thing I was surprised on is signature campaigns.  If you are a decent rank you can make more with it then you would using a faucet all month long.  I wish I would have done signature campaigns long ago but i started only in Sr. Member status doing it.

Yes you right, if I have a lot of reff is useless if they not active.

Sig campaign is my field for earn bitcoin now its so fun and not waste time :)

Its pretty hard to get people to stay active being your referral. I had about 20 people under me with freebitco.in and they all one day slowly just not caring anymore, even when I put good incentives like a raffle time setup.

I had about .1 btc to give out every month, but never really fell through. That and people are just really lazy..

Yeah right its preety hard to get ACTIVE when the site gets aged. But you can make refs if the site is newly launched and with nice designs. Simply advertise it on ptc site im sure you will get lots of ACTIVE refs.

yeah sig campaigns are really the best way to get some bitcoin. besides having a job and buying it with fiat

To newbies, once you realize that you can earn much more from other means with the same amount of time, eventually you will give up faucet. I started everything from faucet, people that I personally know also begin their journey from there but one advice is that once you get the hang out of it, think of other more productive methods to make bitcoin. There are a lot more that you will ever find out.

its impossible to make a solid 1 bitcoin off those faucets

yes agree with you signature campaign is the best way toe arn bitcoin BTC  8)

yea agree make 1 btc from faucet its very hard :(

Not even faucet owners make big profits. There are faucet owners around complaining that they can't get much with them and shutting them down. Only the big ones give reasonable returns.

If it is just to know how things works I think others coins like Doge are better because takes less time to get some transferable amount and all works more or less like BTC

I've driven this point in to the ground..

PASSIVE INCOME.. WORK FROM HOME!!!! 10,000 SATOSHI A MONTH WITH A CHANCE AT THE JACKPOT OF 30,000 SATOSHI!!!

By the way this is 99.99% of the BTC game and faucet sites.. One that pays even $0.10/36,257 on a good month run simply doesn't exist.. This is almost as annoying as the SEO miracle systems that pop up every few months..

Well said.

I have said many times that there are only 2 types of Bitcoin faucets:
1. Bad Faucets
2. Worse Faucets

There are no good faucets.
All faucets pay you just pennies for filling out CAPTCHAS. The amount of time you spend doing that is not worth it. Even if you do some laborious day job that pays you minimum wage, you will earn more in your real job than those faucets.

These people who launch these sites are exploiting the fact most people don't know and don't bother to learn BTC units and place value..

Watch me pay these stupid people $0.03 a month to do $20+ worth of work..

It's no different than people who use tenths of a cent and pay people $5.00 a month to do daily work hours in duration.. ex: 0.001 per ad view or other action..

This is exactly the best and the most accurate description of faucets I have seen ever. People do not realise that they are in fact being used by faucets providers and are working as cheap laborers for them.

Invest? In BTC? With what's been going on with it's price I don't think it's a good idea. If bitcoin keeps losing value that fast nobody will want to get their salary in it.

all i can say is :
use a calculator, its an easy math  (XXX satoshi per hour * XX hour a day * X days)* BTC price
then deduct that from how much your time is worth
and you'll get how much you can profit fromit!

Yeah I really wouldn't bother using faucets if you intend to get some 'free' money, spending hours earning fractions of a dollar is a complete waste of time and energy. They're great for learning how bitcoin works but not much else ;)

Try using www.CoinLearn.org and refer it to newbies... its a great place to learn & earn.

Excellent OP.

*And for you new investors, you can see bitcoin is highly volatile (to say the least) so as always, only invest what you can afford to lose!  And please, if you do hold BTC, don't give somebody else control over them.

I just started on the faucet and did my first withdrawal and I'm eager to learn more and earn more now

I am curious. How much did you earn from that? Is that was worth your time? What faucet was that?

So you came to this thread that advices newbies to stay away from faucets; and you did just the opposite. Great going.

So it would be very interesting to see how much you earned from the faucet. Kindly post the BTC amount you earned (with transaction ID if possible).
Also, convert your earnings to Dollars at current price and let us know how many 'cents' you earned.

My friendly advice is pick up some cheap coin, never try to wait for too long, magical low bottoms hardly ever happen.  Dont invest what you cant afford to lose.

Not going to agree. Faucet might be wasting our time, but.. who know? Those 'little' satoshi we get from faucet might worth one dollar next year. I get into Bitcoin somewhere in 2012/2013 when the price was around 100 USD. I faucet and earn around 20 Cents.. Somewhere in 2014, when Bitcoin price reach 1000 USD.. it became one dollar!

However, dont spend too much time on faucet. Spend more time on Signature campaign.

I agree with you, but you missed my point.

I'm with you in saying you should accumulate all BTC you could afford, but my point is - faucets are a terrible way to do it.
You should instead work a day job and buy BTC with the fiat you earn.

Let's say 'working' on faucets 4 hours a day can get you 1x satoshis.
Now if you work any laborious job for 4 hours, you should have enough fiat to buy 10x satoshis.

That's what I'm saying.

The only way to get a legitimate amount of BTC is by working for fiat and then buying it. This is another reason BTC is crashing. Your average joe that works a 9-5 isn't going to risk their hard earned money for what they consider (and truthfully so) an experiment, specially when they can buy anything they want with cash/paypal.

How to hell does one solve this? The ideal would be getting paid in BTC, but even if you got paid in BTC, one would argue "why get paid in such a volatile currency? my salary may be worth 40% less in a month".

This is a problem.

Well said.

I have gone through the exact same experience as you lol. When I first learned about bitcoin, I spent way too much time on dozens of faucets, and was happy to see my wallet balance going up. But then after a few days, I suddenly realized I was just getting about $1.
And even worse, when I tried to spend those $1 bitcoin, I realized I have to pay a high tx fee because of all those dusts from faucets.

good advice. here are two more:

-dont install shady BTC stuff on your pc

-install a proper anti-virus and antimaleware

Well said dude. When I first heard about faucets when I'm still new to the bitcoin world, I thought that doing those stuffs would amount me to anything. But after realizing that the site owners, and not the users, gains more from it, I stopped doing it and just stayed in here in BTT. Honestly, going on to faucets and getting some small amounts of money really helps the user get motivated and familiar to the bitcoin economy. It's just that staying in it for a long time doesn't take the cut at all.

I don't think it's about laziness, but about how much you can earn per hour.  Faucets are good to get a feel and learn about bit coin, but you can make more per hour picking through garbage for bottles to recycle.

10,000 satoshi($0.04) a month.. And that's only if you hit a button every 30 minutes..

Better idea: Go gather rocks and sell them in piles..

but then the question is, why at all people are running faucets, if no one, neither clients nor people who run it, find it profitable. I understand that having really many referrers you may in the end earn some pennies, but still there are much better ways to spend your time and earn much better, e.g., mini jobs, signature campaigns and many more.

Good words of advice for the newbie reading up on and learning about Bitcoin.  I've actually used faucets a looooong time ago as well, not so much to accumulate or get wealthy, but just to learn how Bitcoin works, sending the dust amounts to my address, and so forth.

Once I've read up and learned as much as possible, I stopped going to faucet sites, as spending hours and hours of wasteful time, didn't make sense for getting pennies in return.

Only time faucets were worthwhile was when Gavin gave up over 10000BTC from the first faucet at 5 BTC per visitor, but back then it was worth zilch.  Imagine if you got a few hundred and somehow held on to them.   :)

http://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

Lucky are those who held their coins all the way. No one really cares about what bitcoins are until the price peaked in 2013. Until then, many people  surged towards the bitcoin economy expecting to get some easy money out of it, and most of the newbies think that they might get it through faucets--which literally contradicts reality in the first place.

Lots of good info here, thanks.

<20000000 satoshi(0.02BTC) a month and you're losing money trying to make money..

coinlearn is garbage by the way.. It literally takes you a month to make $0.08 there even with a bot. If you find a site paying you $5.00 a month for constant labor on your part you're actually on one of the best sites under the sucker market that is 100% of the market right now..

Well I consider a faucet as a starter, once doing 0.05 BTC or so move to invest in cloud mining ( and here expect no miracles either). I tested a package from Zeushash which returned the invest after 30 days, and the purchased 5GHz (for 0.062 BTC) just yielded around 0.00136 BTC. Now purchasing the same 5 GHz in the next package costs even more than 1 month ago!

thinking to test trustable HYIP with some low amount, 0.035 BTC and see what happens

Don't waste your time with faucets.  You will get paid pennies for hours of work.  It just is not worth it.

Buy .05 BTC if you need it and save your self day's/month worth of faucet.

Even for the owner faucets most of the times are not worth, they usually give small profits, if any.

Only the big ones have decent income, but not absurdly high too

faucets are a very good way for the beginners to start with bitcoin only if they don't want to spend their money on buying it. it is good because they will learn how to receive bitcoin and how to send it later.

but it is only worth the time for the users who can gather a lot of referrals. which makes their earnings a lot more that way.

yikes this is scary.. People here don't understand why you shouldn't work daily for <= $5.00 a month..

Amen to this my friend, this is what I am trying to explain to everybody and especially to the people who I got into Bitcoin. After they read a little about Bitcoin, this is exact behavior that they have about faucets. Then after few days, they come back to me and admit how I was right.

Sober up people, and forget the faucets!

Every so often, I will either go to the liquor store and buy a bottle of vodka or since I have a medical marijuana card, I will buy a pot brownie and use a rotator script to earn a few pennies. This is every so often of course, and most of the time I buy the brownie. Just something I do to make faucets a tad more interesting.

I think faucet is wasted our time,for me bitmedia.io and a-ads is a best advice for earn bitcoin

Exactly! I had high hopes too when i started! When i got my first faucet payout,I felt i could earn so much even though i hardly earned 0.0005 BTC after solving captchas for whole week! Bitcoin price was $800 at that time i guess..

I just wish to add one more warning: usually if you are profiting from faucets your income comes in really low quantities like 1000 Satoshis or something.
It is called dust transaction and be warned - if you try to send larger transaction in the future composed from these small 'dust' transactions your fee will be HUGE.
Be warned. It's not worth it.

me to,i was excited to, when i used faucet for the first time i thought i was gone to be rich with it but actually it was just a dust and so wasted my time

Yeah first time i heard bitcoin and doing captchas from faucets i got only cents but im happy because after i withdraw i saw my wallet has recieving btc and i invest it to investment site that i was scam.. im newbie in that time thats why im looking for much better work to earn much btc.. i will never invest it  again....

its not a waste of time, if you can get people to sign up under you.

theres people at freebitcoi.n with several active users as referrals and they clear .2 btc minimum a week. Not saying everyone can do this, but its still possible im pretty sure.

Iam not sure if my referral will doing to captcha everyday,just like me they're would leave it if they get tired
anyway i have some referrals on freebitco to but not much,

its debtable, but my time for faucets are only to refer, and so far I only have one active user, but still its worth it.

since i dont sit there and do captchas all the time etc.

And for this reason is good to use services like FaucetBOX and accumulate higher amounts and then make payment.
I use 0.001 for now,but I think I will increase to 0.01 BTC for these reasons.

I started on faucets thinking," i might earn something". 3 days later i released faucets are a completely waste of time :p
 

I agree! It's been 2 weeks now and I've racked up a whole $0.40 on faucets alone. I tried getting into signature campaigns but those silly companies don't make any codes for Newbie members! How do they expect to get the maximum airplay?

But getting so many referrals is not a easy job. You really need to put lot of efforts to get so many referrals but if you can get then you will get some free coins every week.

Thanks for informing people. Just one question how do people or you at the start not realize you were not going to make anything do the faucet sites do giveaways or something sorry little confused

Some people work the faucets like they were at a full time job, hitting as many as they can as often as they can. They might make as much as a dollar a week, but what they don't realize is that that dollar is made up of dozens and dozens of dust transactions, so when they try to spend it the tx fees are so high they lose over half of it, maybe as much as 45% is lost. Faucets are ok for the total newbie just so they can experience receiving, holding and sending btc but they risk scaring noobs away because of the high tx which are not representative of "real" btc transactions.
Faucets definitely are not profitable often even for their owners (they go broke all the time)
For a good run down of the risks and realities see the stickied thread at the top of the "micro-earnings" section of this forum

Only 0.4$ in two weeks?
Try faucet rotator,I made about 10$ in last month.,This is not some earnings, but it is better then 0.4$.
I know people will now questions how much time I spent and why not use a signature campaign?
Only 2 hours of my free time while doing other things on the Internet,and I join SC probably when I reach next rank.

The people who own these faucets are doing us a favor they should profit a little because they are helping people like myself get into bitcoin be a bit more grateful

It's not really doing you a favor when your doing things to make them money.  Were talking about very very small micro payments.  There are entire threads on better ways then faucets.

Yes some do faucets but you will make cents for hours of work.    That does not work for most people.  Just to little pay for the amount of time and effort.

For people in Venezuela as reported in this topic 0.037 BTC is half of they monthly salary,I think it would be worth for them to earn some $ even from faucet.
https://bitcointalk.org/index.php?topic=1150751.0

That's because the rate currency of Venezuela. But it's good to see Bitcoin can help financial people in Venezuela.

For me better to find some giveaway than use faucet as earn btc, i don't have a passion on faucet, i even can't earn 0.037 BTC just from faucet.

The best way to earn bitcoin has always been to sell products people want for bitcoin. You get your bitcoin at a discount from your profit margin and help bitcoin grow. Instead of looking for a free lunch find something to sell you are passionate about and start an online shop.

How do I upload a picture? I've searched high and low under the profile tab, I see where I can adjust all my other preferences, but no where will it let me upload a pic.

Thanks!

The question is in the wrong place.
If you think the picture for the avatar you can not set it until you become a Full Memeber,and if you think just an image to post in forum use upload service like TinyPic.

That sounds like a nice idea!

Many people have shared many good ideas here. Still, bitcoin oriented services will get us more bitcoins as quick as any other methods could bring more bitcoins to us.

Well said advice, thanks. This is what I am experiencing and this thread opened my mind. But I use faucets only on my spare time while joining a sc.

The only consistent way to earn bitcoins today, is from signature campaigns.

Some1 should make a thead about that and tell all newbies to sign up for sig campaigns, and then make that thread pinned.

This is the best advice for newbies.

Everybody recommends signature campaign but leaving faucet earning.
I do not understand when some selective faucets provides more than signature campaign, why not we do both at a time?

I don't think thread like that is should be a pinned. Because signature campaign thread is has been created on service discussion, the problem is people, especially newbie rank here is too lazy to search that thread.

That is why it should be pinned, newbies are lazy to search the forum, they go in the beginner section, and there we should have that info right in their face so that they dont have to open 20 threads /day asking "how to earn bitcoin".


Faucets used to pay alot back in 2014 but nowadays they pay crappy 400 satoshi / post.

In sig campaign i get at least 0.0008/post.

What got me started was selling stuff strictly for bitcoin, stuff that I normally put up on Ebay, I just sold it for bitcoin and bought my first mining gear, slowly but steady started to grow, just recently quitted mining, to much factory sound in my house ;D

My part goes here...
1. Choose a suitable wallet either online or desktop
2. Use strong password
3. Use this forum for educating yourself
4. Learn and earn bitcoins simultaneously....

I do these. I too need more tips from veterans...

You just ruined my dreams. haha. I am new to BTC but yes i already know this will not give me much but still better than nothing right? Trying to get to know how this system works. Hopefully i'll be in a better place soon

1- Used freebitco.in for a month straight, thought I was getting rich.

2- Realised I wasnt.

3- Quit bitcoin.

4- Came back.

5- Got into bitcointalk.

6- Signed up for sig campaign

7- Earned more in a week than I did in a month of faucets.

Story of my life.

thanks for the advice, i start yesterday some faucets, but i think they're good only to know better the bitcoin ecosistem

at least do the math with any investment you do and see if it's worth the time

Learn more about bitcoin. Learning will make you earn bitcoin in multiple ways. Shine.