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Author Topic: Is it profitable to run a Bitcoin faucet in 2017  (Read 9876 times)
Arvydas77
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February 15, 2017, 02:43:36 PM
 #1

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

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Reply with quote  #2

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February 15, 2017, 04:57:57 PM
 #2

Yes. If you use the right methods, then you may be able to earn a lot more in (advertisement) revenues when compared to the expenses. Keep in mind that you need to set a slightly harder threshold. If your faucet is giving 0.001 mBTC at a time, then make the threshold 0.1 mBTC. The user needs to visit the site 100 times, before he can withdraw the payment. Only a very few are going to have that much patience.
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February 15, 2017, 05:12:19 PM
 #3

A faucet can always be profitable for a owner if he knows how to run it. All you need are visitors to your faucet and it should probably attract them so that they should come back again. And as told earlier by someone, set a threshold of quite high amount so that they come again every time to reach the threshold before getting their bits so that they don't run away after coming 2, 3 times.

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February 15, 2017, 05:14:56 PM
 #4

Yes. If you use the right methods, then you may be able to earn a lot more in (advertisement) revenues when compared to the expenses. Keep in mind that you need to set a slightly harder threshold. If your faucet is giving 0.001 mBTC at a time, then make the threshold 0.1 mBTC. The user needs to visit the site 100 times, before he can withdraw the payment. Only a very few are going to have that much patience.

Correct. but this is only good for the beginner in this world. Like what you said you withdraw 0.1mbtc you needs to visit the site 100x, well that is really tiring and waste of time. Yes you earn but small amount of satshi only. In short its not profitable.




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February 15, 2017, 05:15:48 PM
 #5

I'm not sure if there are plugins that can turn wordpress in to a faucet, but you'd probably be better off using some custom built software. Wordpress is widely used, so it is a bit target for hackers and any exploits they find will affect your setup. Nobody can really define how much it will cost to fund a faucet, but you need to cover any funds that are earned until the advertisers pay you

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February 15, 2017, 07:33:40 PM
 #6

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
For a short term, the answer is a big "NO" but for a long term, you might see profits after some time. It's getting harder and harder to make profits in a honest way from a faucet owner's perspective so don't expect good results nowadays.

What initial investment is needed?
It depends on how the rewards going to be, the time interval between claims and up to what extent you'll be limiting the claims in a certain time.

I'm not sure if there are plugins that can turn wordpress in to a faucet,
~Snipped~
I've seen some faucets that were built on a WordPress platform although not sure if it was with a use of a plugin or purely by coding parts of it.

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February 15, 2017, 08:30:58 PM
 #7

The problem with running a profitable bitcoin faucet is that google ad sense wont accept your site if you are running a a faucet as they think it is against their terms of service and before that it was a profitable model and look out for hackers who try to drain the wallet .You can still start a faucet site but never expect the profit in the beginning.
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February 15, 2017, 08:35:11 PM
 #8

If you are going only with faucet then its may be profitable as you want but if you will try to go with some unique idea like game or something else which is new then may be its give you some profit you can check freebitco.in its going with Hi Lo but surviving for long time


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February 15, 2017, 11:00:22 PM
 #9

Would highly doubt it would be a profitable venture based on the sheer fact of the amount of bitcoin faucets there are in the small bitcoin community at the moment (probably thousands) and the inability for people to use google adsense which was paying them a pretty hefty amount for ads on the site.

Now you're stuck using some bitcoin specific ad company which only pays a fraction of what google adsense would pay, easily destroying your business.

If you are going only with faucet then its may be profitable as you want but if you will try to go with some unique idea like game or something else which is new then may be its give you some profit you can check freebitco.in its going with Hi Lo but surviving for long time

Unique idea is a must, if you're going to be doing some sort of faucet box or a generic site it'll never work so just don't try it.



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February 15, 2017, 11:22:10 PM
 #10

I don't think building a faucet and having it available to the public would make you rich. Sure you might make a couple of dollars, the amount that you make from it will be used for the maintenance of your faucet so I don't think it's worth building. Of course you will have to try it yourself to be 100% sure of the outcome because we don't know everything. Trial and Error will give you success if you have a plan.

If you want to make some money with your faucet, you should strive to be the most popular Bitcoin BTC faucet online. Then you will be banking.

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February 15, 2017, 11:29:36 PM
 #11

It depends on your faucet and i know if you run faucet you are legible and required to pay i am not sure if it is hosting but you will pay it monthly as your faucet site declared .My friend creates a Faucet site but unluckily his site is not known so he only lose money for that. So make sure if you want to run a faucet you can make it known to people who use to claim on faucets .


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February 15, 2017, 11:31:52 PM
 #12

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?
Running Bitcoin faucet this year is still profitable but the problem is the way you promote your faucet to gain more traffic and users.

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February 15, 2017, 11:34:53 PM
 #13

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

Yes it is still profitable but that depends on how you can get attract a lot of visitors that will claim satoshi to your site.

And probably 1 BTC is sustainable already to build your own faucet and that amount is already good for staring your own site.

Just set things out and do something different to attract claimers, you can also advertise it alone.

.

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February 15, 2017, 11:39:32 PM
 #14

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

i think its profitable if you can make attracting design and not only make simple design, you can make reward little bit higher than other sites, don't take too long to roll, but for higher rewards, you need to careful because in out there, we can see there is a bot that will cheat the system so you need to keep an eye for your faucet site otherwise you will get empty to fast.

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February 15, 2017, 11:39:44 PM
 #15

Considering the large number of faucets in circulation, I think any user willing to learn would be able to make one, but I think the biggest problem will be with marketing. You will have to use a good marketing strategy, so that your website stands out from the rest.
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February 16, 2017, 03:13:57 AM
 #16

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?
You must know if your site will have a good traffic and thanks to god. your faucet will be profitable but if your faucet will have gained a little traffic and it's not profitable for you and you must retire from its business. Too many the dead faucet site in this time. they can't encourage enough traffic to keep his site is life.



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February 16, 2017, 03:21:40 AM
 #17

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

Bitcoin recently have quite high value , it means that you need spend quite high fund to operate the faucet
Just make sure that you able to cover operation cost ( hosting and faucet payrate ) and the right place to operate the faucet or you will got less even no visitor

I think 0.05 should be enough as starter !

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February 16, 2017, 03:36:11 AM
 #18

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

Bitcoin recently have quite high value , it means that you need spend quite high fund to operate the faucet
Just make sure that you able to cover operation cost ( hosting and faucet payrate ) and the right place to operate the faucet or you will got less even no visitor

I think 0.05 should be enough as starter !

I don't think that 0.05 BTC is going to be enough computing all the expenses, hosting and other scripts that you need. Make it half bitcoin or 0.5 BTC I think that is already sufficient for him to make his own faucet with wordpress or you mean that 0.05 BTC to be in his faucet excluding all the expenses as his starting balance.

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pooya87
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February 16, 2017, 04:59:32 AM
 #19

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

Bitcoin recently have quite high value , it means that you need spend quite high fund to operate the faucet
Just make sure that you able to cover operation cost ( hosting and faucet payrate ) and the right place to operate the faucet or you will got less even no visitor

I think 0.05 should be enough as starter !

I don't think that 0.05 BTC is going to be enough computing all the expenses, hosting and other scripts that you need. Make it half bitcoin or 0.5 BTC I think that is already sufficient for him to make his own faucet with wordpress or you mean that 0.05 BTC to be in his faucet excluding all the expenses as his starting balance.

technically you need much less to start a crappy faucet, you can even do it on free hosting sites as start and then move on to a better place, and besides the hosting that you use for a faucet doesn't have to be great since there is not going to be much traffic anyways.
people these days aren't going to spend lots of time for a stupid 100 to 1000 satoshi reward!

X-ray
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February 16, 2017, 05:06:14 AM
 #20

Hi,

I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?

Yes it is still profitable but that depends on how you can get attract a lot of visitors that will claim satoshi to your site.

And probably 1 BTC is sustainable already to build your own faucet and that amount is already good for staring your own site.

Just set things out and do something different to attract claimers, you can also advertise it alone.
With 1 bitcoin is just more than enough, but be sure to keep changing the rewards to the possible lower without making you lose the visitor's interests. There's also something you will eventually get in touch to, and it's about faucet cheaters and bot, you need to improve your faucet security to prevent from getting cheated by people otherwise you will only losing your bitcoin without getting reward


     
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