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Author Topic: Is it profitable to run a Bitcoin faucet in 2017  (Read 10008 times)
bitcoinvestor
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February 16, 2017, 05:07:22 AM
 #21

Investing in website or faucet is still provitable. When your faucet get thousand views everyday you can monetize your site from many sources like affiliates, PPC ads , native ads, pop under ads and you can sell your ad space on your own. the key is how to bring traffic to your site. I run some blogs and I put PPC ads with bitcoin and Google adsense.
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February 16, 2017, 05:21:07 AM
 #22

I would argue that you're pushing your luck quite considerably, however it is possible that you can earn your money back plus some via a faucet system being set up on a domain that you own. it might have its own challenges, like bots and everything, but you can probably set up some business agreements so that you are able to make money regardless of that.
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February 16, 2017, 05:25:45 AM
 #23

The answer is no. Unless you own a big site like freebitco.in, you will never earn anything from the faucet. Try to do something else which is more realistic and profitable. If I were you, I would open a bitcoin casino whenever I have enough money for it. More and more people are interested in the cryptos world and therefore, the number of cryptos gamblers also increases.

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February 16, 2017, 07:49:15 AM
 #24

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.
Make a faucet sites initially will have little traffic because it's new and not many people know. So had to do promotions or other means to develop the faucet site that was built. Indeed you are right a lot of faucet sites die because they do not have a good traffic so it does unattractive. Create a faucet site can still be profitable at this time because there are many who use the faucet to get a free bitcoin. Perhaps make a faucet sites by showing a lot of advertising will help because the advertisers who will pay you. Or creating a faucet with a gambling game will also make it attractive for someone who does not have the money and want to gamble will use the faucet to get capital for gambling. The point should be make faucet sites more attractive to attract people.

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February 16, 2017, 07:54:42 AM
 #25

Faucet for bitcoin not any more but for altcoins yes, in first 2 or 3 years there was small numbers of transactions so faucets were helping with mining bitcoin but not now that we already have block size problems. there are already fair numbers of txs for miners to include, now that you've got the hint you should move on from this topic.

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February 16, 2017, 09:27:48 AM
 #26

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.

That is the point. It is not at all beneficial for the visitors. But the site owner can make money out of it, through the advertisement revenues. If 1,000 individuals visit this website every day, just 4 or 5 will have the patience to continuously doing it for 100 days.

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February 16, 2017, 10:19:43 AM
 #27

Faucet for bitcoin not any more but for altcoins yes, in first 2 or 3 years there was small numbers of transactions so faucets were helping with mining bitcoin but not now that we already have block size problems. there are already fair numbers of txs for miners to include, now that you've got the hint you should move on from this topic.
I guess there would be few significant differences between bitcoin faucets and altcoin faucets. But initial set up costs would be same but we can run a faucet with relatively low capital (in equivalent USD value) if we choose altcoin faucets. If you pay 0.001 in altcoin it will attract many users whereas bitcoin faucets are hardly paying 200 satoshi.

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February 16, 2017, 10:51:56 AM
 #28

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?

Creating a faucet is both profitable and not. It is profitable if you create a large traffic that will make sure that you will earn huge profit. But if there are no traffic then the sites you advertise will not give you a penny and all you have is expenses without income. Before you launch your faucet make sure that you already have a marketing strategy to attract people to visit and claim in your faucet so there will be a good traffic flowing in. Next is you must also have a good system that is both an advantage for you and for the users. If you already have thought about it and has good plans then you are ready to go.

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February 16, 2017, 10:54:25 AM
 #29

The answer is no. Unless you own a big site like freebitco.in, you will never earn anything from the faucet. Try to do something else which is more realistic and profitable. If I were you, I would open a bitcoin casino whenever I have enough money for it. More and more people are interested in the cryptos world and therefore, the number of cryptos gamblers also increases.
I think it is very likely you could make a profit, if you have innovated on the faucet and have a good strategy. so you can have a site like freebitco.in. Of course you can make a profit from the faucet

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February 16, 2017, 11:48:24 AM
 #30

Yeah it can be profitable but you only have satoshi a smallest value and like what I am having faucet on mobile phones only run mobile faucets which has very slow satoshi earning balances. The small satoshi amounts earned will waste my time and I don't think that profit would be sustainable for a long time.

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February 16, 2017, 12:03:35 PM
 #31

Running a bitcoin faucet might be profitable if you use a free hosting site to host your faucet. If you did not host your faucet using free method, it will not be very profitable since you need to pay hoating plus the visitors you get when entering faucet that would be hard to do unless you have good income from advertisements shown in the site. If you really want to start, I guess you need to look for a free way to establish your own faucet domain.

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February 16, 2017, 12:22:20 PM
 #32

Investing in website or faucet is still provitable. When your faucet get thousand views everyday you can monetize your site from many sources like affiliates, PPC ads , native ads, pop under ads and you can sell your ad space on your own. the key is how to bring traffic to your site. I run some blogs and I put PPC ads with bitcoin and Google adsense.
but make sure you have great advertising that pays you for cpm and click. because the reward and fes for user would be great if you already have a big faucet site. and Do not just rely on advertising for revenue #imo

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February 16, 2017, 12:30:22 PM
 #33

It depends on how you market your faucet website but i dont think that it would be profitable since most bitcoin users would not tend to waste of their time on collecting very small amounts on faucets and if you do have lots of visitors then double the source of income which you could place ad slots.

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February 16, 2017, 08:04:56 PM
 #34

I think.. No, It is not profitable if you run a bitcoin faucet this year because the amount of faucet users are getting smaller because some of them realized that it is not profitable anymore and it's just a waste of time. So in conclusion, i think it is a bad idea if you pursue your bitcoin faucet. Find another kind of investment or site that will help you to make more money rather than doing bitcoin faucet.

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February 16, 2017, 08:18:23 PM
 #35

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?

If you are willing to spend "LOTS" of time and putting a "DECENT" amount to risk to take care of anything else then it should be profitable but don't expect too much at your early phase. First you need to make something that is not present in other faucets to make it attractive and people will spend some time claiming at your faucets again and again. Traffic is really important since it's the one that will give you a revenue.

Today there are only few faucets that still standing strong up to today, if you really want to become one of them, patience is the key as in the past those faucets are not that popular too.

But honestly for me, there are other ways instead to earn more that will be worth to the time and effort you will spend to make your faucet become popular. Yours to decide and goodluck.

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February 16, 2017, 08:26:54 PM
 #36

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?

Run it via WordPress? Oo
Well dude, I use Wordpress a lot that's for sure...
But if you manage to run a faucet with it and keep it secure...
Please teach me master xD
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February 16, 2017, 08:33:48 PM
 #37

The answer is no. Unless you own a big site like freebitco.in, you will never earn anything from the faucet. Try to do something else which is more realistic and profitable. If I were you, I would open a bitcoin casino whenever I have enough money for it. More and more people are interested in the cryptos world and therefore, the number of cryptos gamblers also increases.

I think it is still profitable, as the earlier replies said.  It depends on the strategy on how you will monetize your site.  Setting a threshold can maximize  your expenses since they need to visit x times before paying them out.  Aside from that  free sites and domain is available everywhere.  So depends on how well verse the owner of the faucet on getting the most out of his site, monetizing site with the use of faucet is still profitable.


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February 17, 2017, 04:38:28 PM
 #38

The answer is no. Unless you own a big site like freebitco.in, you will never earn anything from the faucet. Try to do something else which is more realistic and profitable. If I were you, I would open a bitcoin casino whenever I have enough money for it. More and more people are interested in the cryptos world and therefore, the number of cryptos gamblers also increases.

I think it is still profitable, as the earlier replies said.  It depends on the strategy on how you will monetize your site.  Setting a threshold can maximize  your expenses since they need to visit x times before paying them out.  Aside from that  free sites and domain is available everywhere.  So depends on how well verse the owner of the faucet on getting the most out of his site, monetizing site with the use of faucet is still profitable.
Yeah, it might be profitable for the ones who really how to manage all the things effectively, because making a faucet requires first an amount that you can afford and like you need to pay hosting every month which is about $30 and then you need traffic and something that makes you different than the other faucets to make you stand up.

Monetizing is not an easy task for any content still free bitcoins might get you some assured visitors. Yet, making them keep on visiting would be the prime field, we need to focus for the success of a faucet business.
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February 17, 2017, 05:35:31 PM
 #39

I think it could become the greatest opportunity to start your own business. Faucets are attracting many people who have free time and wish to make free bitcoins. I think such site will have success, of course if the interface will be nice and easy to use. Wish you luck.

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February 17, 2017, 05:40:25 PM
 #40

The answer is no. Unless you own a big site like freebitco.in, you will never earn anything from the faucet. Try to do something else which is more realistic and profitable. If I were you, I would open a bitcoin casino whenever I have enough money for it. More and more people are interested in the cryptos world and therefore, the number of cryptos gamblers also increases.

I think it is still profitable, as the earlier replies said.  It depends on the strategy on how you will monetize your site.  Setting a threshold can maximize  your expenses since they need to visit x times before paying them out.  Aside from that  free sites and domain is available everywhere.  So depends on how well verse the owner of the faucet on getting the most out of his site, monetizing site with the use of faucet is still profitable.
Yeah, it might be profitable for the ones who really how to manage all the things effectively, because making a faucet requires first an amount that you can afford and like you need to pay hosting every month which is about $30 and then you need traffic and something that makes you different than the other faucets to make you stand up.

Monetizing is not an easy task for any content still free bitcoins might get you some assured visitors. Yet, making them keep on visiting would be the prime field, we need to focus for the success of a faucet business.

As a starter the owner can use free domains and free hostings or if he wanted to have his own domain and hostings, around $20 can make up for the whole year of domain + hostings.  you can add another $10 if you want SSL certs for the site.  You can check the pricing here.  And I do agree that monetizing a site is not an easy task but at least you have some tools to attract visitors.


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NanoHealthcare Token
  A Blockchain powered ecosystem of Total Health 

▄▄▄   ANN THREAD   ▄▄▄▄▄   BOUNTY THREAD     ▄▄▄▄▄▄▄▄



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