faucetbox: which coin to claim?

[merelcoin]

This morning, i installed the coinomi wallet on my phone (just for testing, i don't plan on keeping more than pocket change on my phone... I'm a strong believer in desktop wallets and paper wallets to store funds).
Just for testing purposes, i wanted some Dash to transfer to my wallet, so i went to faucetbox and claimed some dash from their dash faucet list (seemed easyer than transferring BTC to an exchange, exchanging it for DASH and withdrawing).

The following question popped up in my mind: did anybody ever calculate if it's more efficient to claim altcoins on faucetbox, or is it more efficient to claim BTC directly?
Because of the market fluctuations, it seems possible to me, that from time to time, you can get a lot more satoshi's by claiming an ALT on faucetbox, and then exchanging the ALT for BTC... Or not?

I couldn't find the answer, and it's rather hard to do the simple math, because not all faucets give the same amount of coins each time, and not all waiting periods are the same, nor is the exchange rate BTC/ALT...

Anybody got an idear: Bitcoin, Litecoin, Dogecoin, Peercoin, Primecoin or Dash?

[~BitSy~]

Interesting idea that from what I experienced couple of months back, dogecoin and peercoin were much more worth the try for claiming among faucets as compared to bitcoin faucets but ever since then the faucet owners have lowered their reward and it's pretty much the same outcome no matter which of those you claim.

[Doubter]

Seems to me you could build an Excel template for this.

Put in the exhange rate of altcoin, giving you the value of each altcoin in $.
Then simply put in the faucet payments in a column, versus the dollar price et voila?
You can see which altcoin provides you the must actual $'s per claim

gr,
doubter

[merelcoin]

Seems to me you could build an Excel template for this.

Put in the exhange rate of altcoin, giving you the value of each altcoin in $.
Then simply put in the faucet payments in a column, versus the dollar price et voila?
You can see which altcoin provides you the must actual $'s per claim

gr,
doubter

Yeah, indeed, but i'd need to factor in the fact that some faucets look dry, the chances of winning more (or less) coins differ from faucet to faucet, exchange rates change all the time, the number of available faucets differ,...
That was why i wondered if somebody already did this work

[azguard]

this is interesting question you asked
but simply putted someone is more for alt other for btc
mainly cuz they think that alt will go sky high at some point but to be honest create some small list of all that you think are good and collect all

[merelcoin]

this is interesting question you asked
but simply putted someone is more for alt other for btc
mainly cuz they think that alt will go sky high at some point but to be honest create some small list of all that you think are good and collect all

Well, as far as i'm concerned, you can convert any ALT to BTC, and you can buy any alt with BTC.

A fictional example...
claiming BTC for 8 hours would give you 100.000 satoshi's (completely fictional)
claiming LTC for 8 hours would give you an equivalent of 50.000 satoshi's (when exchanged)
claiming DASH for 8 hours would give you an equivalent of 200.000 satoshi's (when exchanged).

In my fictional example, i expect LTC to rise skyhigh in the next year, so i want to become an LTC bagholder.
Scenario 1 : claim BTC for 800 hours, exchange it for LTC => you end up with 0.1BTC worth of LTC
Scenario 2 : claim LTC directly for 800 hours => you end up with 0.05BTC worth of LTC
Scenario 3 : claim DASH for 800 hours, exchange it to BTC, exchange it to LTC => you end up with 0.2BTC worth of LTC

Offcourse, only in scenario 2 you don't have to pay exchange fees, but i still think it's something to think about

[kwaasteniet]

It is just the same as mine altcoins and exchange them to bitcoin. Some altcoin are profitable mineable with simple equipment. I have done it with my laptop en mined DGB. I mined about 100.000 sat a day that's more profitable than faucets.

[amacar2]

Claiming both bitcoin and altcoin from faucet is very low compared to effort and time we have to put into. But mining some early altcoin which have future potential can be really profitable.

[mrcash02]

this is interesting question you asked
but simply putted someone is more for alt other for btc
mainly cuz they think that alt will go sky high at some point but to be honest create some small list of all that you think are good and collect all

Well, as far as i'm concerned, you can convert any ALT to BTC, and you can buy any alt with BTC.

A fictional example...
claiming BTC for 8 hours would give you 100.000 satoshi's (completely fictional)
claiming LTC for 8 hours would give you an equivalent of 50.000 satoshi's (when exchanged)
claiming DASH for 8 hours would give you an equivalent of 200.000 satoshi's (when exchanged).

In my fictional example, i expect LTC to rise skyhigh in the next year, so i want to become an LTC bagholder.
Scenario 1 : claim BTC for 800 hours, exchange it for LTC => you end up with 0.1BTC worth of LTC
Scenario 2 : claim LTC directly for 800 hours => you end up with 0.05BTC worth of LTC
Scenario 3 : claim DASH for 800 hours, exchange it to BTC, exchange it to LTC => you end up with 0.2BTC worth of LTC

Offcourse, only in scenario 2 you don't have to pay exchange fees, but i still think it's something to think about

This way DASH is the most profitable faucet... But my doubt is: Is there sufficient DASH faucets for 8 hours claiming? I think the only coin that has many faucets is BTC and depending of the faucets list you are using, you can earn 100.000 satoshi in less than 8 hours.

I still think BTC faucets are the most profitable (if you use only the high paying), faucetbox list isn't good to use, many poor faucets giving low rewards on the top.

About coins price that will grow in the future i think it's the same situation of BTC.

[Johnny00]

Is it worth it to claim faucets for other coins?

[Johnny00]

Does anyone do faucets for all coins?

[merelcoin]

I thought it would be smart to claim dash doge and ltc, and i didnt claim btc for few days, and now i know that wasnt good idea because earning wasnt so high and there arent many faucets for alt, on other side btc has 1000+ faucets...so, find best faucets with highest payment in btc and claim from them.

Thanks for sharing... This is actually a very usefull answer, because you've actually tried claiming alts, so you can confirm that it gives you less profit than claiming BTC directly 

[LTU_btc]

I'm sure that best to claim from bitcoin faucets. They are getting most traffic, it means biggest income from advertisements, so they can give biggest rewards. I'm also claiming from dogecoin faucets and tried to convert doge rewards to satoshi. I got results that doge faucets gives 30-50% lower rewards than bitcoin faucets. I never tried to claim from dash or peercoin faucets but I'm sure that they giving lower rewards than bitcoin faucets, because faucets of these altcoins is no popular and can't give high rewards.

[zenitzz]

I thought it would be smart to claim dash doge and ltc, and i didnt claim btc for few days, and now i know that wasnt good idea because earning wasnt so high and there arent many faucets for alt, on other side btc has 1000+ faucets...so, find best faucets with highest payment in btc and claim from them.

In my opinion is a great option for claim dasha and doge because The price is very strong and i thought your earning is not useless when exchanged to btc