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Question: do faucets provide enough ROI in terms of time and electricity spent on it?
yes - 5 (31.3%)
no - 11 (68.8%)
i really don't know - 0 (0%)
never heard of faucets because i have a better way - 0 (0%)
Total Voters: 16

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Author Topic: bitcoin faucets, can you make a major profit?  (Read 1209 times)
Jededia (OP)
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January 28, 2016, 02:48:25 AM
 #1

 I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.
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January 28, 2016, 02:50:15 AM
 #2

I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.

Faucets are meant for people starting in bitcoin,making a major profit would be  nearly impossible.
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January 28, 2016, 03:04:12 AM
 #3

No you can't. Faucets waste of time and resource, only the faucet owner wins it from ads. I wouldn't advice to any newbie faucets because they can use their time reading forum and learning basics of crypto-currency, then find ways to make more money.
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January 28, 2016, 03:04:37 AM
 #4

I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.

I do not think it could, in addition to a very small income, you also have to work hard and take a long time to get 100k satoshi only,
very small bro
iv4n
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January 28, 2016, 03:17:41 AM
 #5

I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.


Well in theory u can. With free time and energy, good comp, big screen, connection u can open hundreds and hundreds faucets in one hour.
Plus is referrals, if u can gather active people (more then 100 for sure) u can have nice money from that.
And if u try to claim when u have time, here and there, like I did in beggining then u can earn couple dollars for a week (sometimes more if u catch some nice bonus or something).
All in all its waste of time, but that u find out when u start to earn some bigger amounts then 200, 300, 500 for much less work.

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January 28, 2016, 03:29:06 AM
 #6

We started a Faucet http://CoinPrizes.com a couple years ago and it shows consistent profits. A lot of people start a new faucet with high payouts and lose money because they haven't optimized their ads. You want to start small and over time increase payouts and earnings. Having a referral program is also important to get backlinks and traffic. We are in the process of upgrading our Faucet with more features.

The key to running a successful faucet is:

-Good brand/domain name
-Referral system
-Start low payouts then increase as you optimize ads

That's the basic formula. As you increase the payouts your faucet will get listed higher on faucet lists and more people will visit daily, but you have to have optimal click-through-rates. Good luck!



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January 28, 2016, 05:08:05 AM
 #7

I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.


Faucets are a good source of free bitcoins you can get a decent earnings here if you have active referrals,remember some faucets are giving as high as 50% of your referrals earnings,so if you have a lot of referrals at least 20 and they are actively clicking daily ,you can make $10 to $30 worth of btc in a month

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January 28, 2016, 05:11:56 AM
 #8

No. The income for faucets is dependent on the advertisements. Unfortunately not many users click on those ads.

This is why many faucets come and go. The ones that survived actually give out less and less reward...

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January 28, 2016, 05:13:30 AM
 #9

Faucets are for people that want to make small amounts of Bitcoin. Signature campaigns are much better.


 
 
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Kakmakr
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January 28, 2016, 05:30:20 AM
 #10

Let us put it this way, If you had zero other options and free electricity the faucet route would be your third option to make some money. You can spend your time more constructively, if you took up a second job and invested that income into buying more bitcoins or you could signup for a signature campaign and get some more income.

I experimented with faucets when I first saw them a few years ago, and I built up a huge referral network. Now I receive referral income weekly from people who use these faucets and I am doing nothing. So this was a Win-Win relationship for me. ^smile^

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January 28, 2016, 05:31:22 AM
 #11

Can anyone tell the faucets list which are most highest paying ?
MyBTT
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January 28, 2016, 05:35:38 AM
 #12

Can anyone tell the faucets list which are most highest paying ?
Just don't even try using faucets dude. You are already in a signature campaign and you will earn way more with that.


 
 
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rally
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January 28, 2016, 05:39:40 AM
 #13

I use from time to time faucets which give at least 400 sat minimum reward.
If it is less i find it takes too much time.
I first try most of the faucets, but when they go under 400, mostly i stop.
I know it are not big amounts, but i like it as it is;

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January 28, 2016, 06:08:32 AM
 #14

But using faucets with refferrals , can this give good reasonable income ?
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January 28, 2016, 06:12:26 AM
 #15

I voted for a No as certainly would pay the price for electricity used and even if it happens your a lucky guy with free expenses, it wouldn't be a getaway path into earning significantly. Some might still remember me from the days I was really active in the micro earning sections and I used to do faucet somewhere between 8 to 12 hrs daily and my earning was somewhere on average near 1$ daily from it (Also note that at same time I was operating my news site as well so have of my time was consumed there as well) and on the side I was doing some captcha works as well so I tried to maximize the earnings as much as possible specially that my forum rank was just a Jr. Member by then (IIRC) so it wasn't worth to join a campaign at all so what I did was to open around 80 to 100 tabs (different faucets) at the same time and organized them by their time interval and then hit refresh once in a while on some so I could claim and thanks to the big screen I got, a small portion of my screen as dedicated to the captcha software that I was using at the same time (Multi tasking). You could see screen shot below of my past proof (also take notice that I almost hand't any referrals, only few). I would still advise to put your dedication into mastering a skill in which you could offer to the community in exchange for BTCitcoins though.

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January 28, 2016, 06:22:26 AM
Last edit: January 28, 2016, 06:37:10 AM by teddy5145
 #16

We started a Faucet http://CoinPrizes.com a couple years ago and it shows consistent profits. A lot of people start a new faucet with high payouts and lose money because they haven't optimized their ads. You want to start small and over time increase payouts and earnings. Having a referral program is also important to get backlinks and traffic. We are in the process of upgrading our Faucet with more features.

The key to running a successful faucet is:

-Good brand/domain name
-Referral system
-Start low payouts then increase as you optimize ads

That's the basic formula. As you increase the payouts your faucet will get listed higher on faucet lists and more people will visit daily, but you have to have optimal click-through-rates. Good luck!
He's the user of faucet, not developer of faucet Tongue

Anyway, no you can't as faucet were made to introduce people to bitcoin, not making them rich as fuck Tongue
Best way to make money ?
Easiest one is by joining sig campaigns Wink
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January 28, 2016, 06:27:00 AM
 #17

It's always a waste of time to be clicking on faucets. If you are the faucet owner it would be a better option to get some bitcoins.

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January 28, 2016, 08:12:12 AM
 #18

faceuts were making profit in the doge era, where many other faucets about alt, were popping up, now they are good as died like altcoin itself

when there was a certain competition between faucets owner, the value was also greater and it was profitable to have a bot to dry them
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January 28, 2016, 09:16:15 AM
 #19

Can anyone tell the faucets list which are most highest paying ?

Here is a good list of quality faucets which is updated often: http://bittikolikot.com/freebits/

As what comes to the subject no, you cannot make 'major' profit. Nothing comes for free, at least not that easily. That being said, you can definitely still earn something. I've earned 40mBTC this month which comes down to about $15 with the current price. Still not much if we are honest but hey, it's free money after all.

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January 28, 2016, 09:23:37 AM
 #20

I have read many peoples views on how to make your first bitcoin and most of them recommend faucets but I have been using faucets for over more than 3 months now and my balance still stands at btc 0.004. if anyone has any better opinion on how to make bitcoin, with out any investment or with little investment please feel free to give any advice.


Who told you that can be made 1 bitcoin with faucets or have no idea what is the faucet and what can be earned using those, or has joked with you. With faucets cannot be made never 1 bitcoin even after "working" for years with those and staying all the day clicking on all the existing ones. Only if you find 10 K active referrals (which will make you to sell your home in order to find them and to make them interested to do the same thing and in the same way like you) you can earn this amount in much few time. The faucets serve for the newbies to understand how to move with bitcoin and to understand more about it. That's all. Then doing such "job" is worthless.

As for the investments with bitcoin I have invested my bitcoin in some cryptos and in two websites. I am having very good profits from the investment did in one of the cryptos, I'am stable (nor loss, neither profit) in another one and have began recently the investment in another (so don't exist data for this third one). While about the investments on the websites I am having good profit from one of those and I am waiting to see how will go the second one (it is a long term investment and the results can be seen only after one year).
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