Bitcoins, Ether and such...are they still worth your time?

[LostWords]

Hi guys,

Obviously, I'm new to this forum and same thing goes for the Bitcoin/Ether currency thing. The reason I am interested is because of the money, I don't know if that's an obvious statement since it is for most or not but yeah, it is my reason to want more about these e-currencies (is that a thing? ). Anyway, years ago I've tried some mining but my PC was slow and it took for ages in my opinion so I've quit that stuff like in a couple of hours. Probably a mistake but I didn't even mine 0,001 BTC I think but yea, so since then it's been even more of a big player's thing more then a household PC-thing. At least, that's what I have read.

Now, I have registred to a couple of Bitcoin faucet sites like FreeBitco.in and Bagsatoshi.com and one Etheruem Faucet site: Ethereumfaucet.net. I've got these linked to my wallet (@BIT.AC).
I now have: 0.00001340 BTC in let's say 3 hours. That's nothing, I know. And that's exactly why I am here (since I've read like 5/6 topics all directed from Google to this forum). Is this is? Like, is there no better way to get more BTC's or faster without investing money? And even then, with investing money, is it still profitable? At this point I'm thinking: Ok, if i do this for a year and get like 1 BTC, and the value of 1 BTC still rises, then it can be worth but damn, it takes sooo much time with all those captchas...

So, long story short, repeating the most important part for me: Is there no better way to get more BTC's or faster without investing money? And even then, with investing money, is it still profitable?

PS. Moderators, I'm sorry if this isn't the right way or right place to start a topic. I've searched a couple of topics but those were not really like mine. I hope people can and want to help me. If not publicly, I am willing to maintain personal contact throughout e-mail, PM, Skype or Whatsapp to gain more information and on the longer run: wealth  All thanks in advance.

[LostWords]

I'll try make it short,
-Any cloud mining isn't profitable due to unstable cryptocurrency price.
-Bitcoin mining isn't profitable due to competition from chinise miners, unless you can find very cheap electricity, very efficient ASIC, very efficient/cheap cooling solution and low-cost maintenance.
-Altcoin mining such as DASH, ETH, XMR or ZEC is more profitable since the competition isn't too crazy, but these altcoin price is very volatile.

In your case, you just waste your time by collect bitcoin/altcoin faucet and obviously you can earn more money by doing other real jobs. But, mining altcoin is still profitable if you invest hundred to thousand dollars for good PC for mining altcoin.
See Mining (Altcoins) for more info.

Thanks for your response, mate.

You've said 'in your case'. Is there a different perspective/option for you? Or did you mean as in; if you are not a Chinese miner with 500 MonsterPC's connected to tapped electricity?

Mining altcoin seems the way to go, I guess. Is that doable with a normal PC? I have a decent PC and I am online 24/7. Is that doable? And my last question in this post:D: isn't there a PC System Requirement per Bitcoin/Altcoin site or calculator somewhere? I haven't found one but maybe I've missed something.

[RzeroD]

First of all, BTC, ETH, etc. are CURRENCIES. Yes, you can make money trading or holding them for the long term but they weren't designed just to make you earn money.

Second, after all my experience with cryptos, if you want to invest more money in them, it's easy: get a job or a second job or do overtime in your current job, then invest that money you have earned. There is no easy magic way to make money.

Finally, if you want to earn big amounts of money work hard and stop wasting your time at faucets.

[LostWords]

First of all, BTC, ETH, etc. are CURRENCIES. Yes, you can make money trading or holding them for the long term but they weren't designed just to make you earn money.

Second, after all my experience with cryptos, if you want to invest more money in them, it's easy: get a job or a second job or do overtime in your current job, then invest that money you have earned. There is no easy magic way to make money.

Finally, if you want to earn big amounts of money work hard and stop wasting your time at faucets.

Well, there was a easy magic way to make money, right? Back when you could get 1 BTC per faucet, as a matter of speach of course. And those rewards are worth thousands now. So, well, there isn't perhaps but it sure was. And why I am here isn't to make easy money per se. I wont complain if i do but that isnt the reason. I want to learn how to make money with investing my time and effort into BTC and Ether for example. For the most of the users here, it seems like its very simple stuff probably but for a newbie, its not that easy to understand the whole economy around this. Even if I would buy BTC I wouldn't know how to make money off it.

I ignore the fact that it wasn't designed to make me earn money. I'm not interested in it's purpose, I've read all about that (and support it btw), I'm interested in earning money off it. And you make me feel bad for wanting it btw

[RzeroD]

First of all, BTC, ETH, etc. are CURRENCIES. Yes, you can make money trading or holding them for the long term but they weren't designed just to make you earn money.

Second, after all my experience with cryptos, if you want to invest more money in them, it's easy: get a job or a second job or do overtime in your current job, then invest that money you have earned. There is no easy magic way to make money.

Finally, if you want to earn big amounts of money work hard and stop wasting your time at faucets.

Well, there was a easy magic way to make money, right? Back when you could get 1 BTC per faucet, as a matter of speach of course. And those rewards are worth thousands now. So, well, there isn't perhaps but it sure was. And why I am here isn't to make easy money per se. I wont complain if i do but that isnt the reason. I want to learn how to make money with investing my time and effort into BTC and Ether for example. For the most of the users here, it seems like its very simple stuff probably but for a newbie, its not that easy to understand the whole economy around this. Even if I would buy BTC I wouldn't know how to make money off it.

I ignore the fact that it wasn't designed to make me earn money. I'm not interested in it's purpose, I've read all about that (and support it btw), I'm interested in earning money off it. And you make me feel bad for wanting it btw

Ok, np after all, but it would impress you to know how many newbies come here to ask how they can become rich without moving a finger
To be fair, is quite difficult to make money just with repetitive actions (like faucets) if you want to make a good amount of money you have to know how to use your skills or sell them or learn new ones.

[LostWords]

First of all, BTC, ETH, etc. are CURRENCIES. Yes, you can make money trading or holding them for the long term but they weren't designed just to make you earn money.

Second, after all my experience with cryptos, if you want to invest more money in them, it's easy: get a job or a second job or do overtime in your current job, then invest that money you have earned. There is no easy magic way to make money.

Finally, if you want to earn big amounts of money work hard and stop wasting your time at faucets.

Well, there was a easy magic way to make money, right? Back when you could get 1 BTC per faucet, as a matter of speach of course. And those rewards are worth thousands now. So, well, there isn't perhaps but it sure was. And why I am here isn't to make easy money per se. I wont complain if i do but that isnt the reason. I want to learn how to make money with investing my time and effort into BTC and Ether for example. For the most of the users here, it seems like its very simple stuff probably but for a newbie, its not that easy to understand the whole economy around this. Even if I would buy BTC I wouldn't know how to make money off it.

I ignore the fact that it wasn't designed to make me earn money. I'm not interested in it's purpose, I've read all about that (and support it btw), I'm interested in earning money off it. And you make me feel bad for wanting it btw

Ok, np after all, but it would impress you to know how many newbies come here to ask how they can become rich without moving a finger
To be fair, is quite difficult to make money just with repetitive actions (like faucets) if you want to make a good amount of money you have to know how to use your skills or sell them or learn new ones.

Yeah, I've already seen the big list of 'one comment wonders'. The people who are too late to hop on the train off to The Golden Mountains. Just like me

Is it true it's just mining that helps now? Well, mining with a normal household PC isn't worth the time, now is it?

[Coin-Keeper]

There is another ingredient that is often overlooked, that being TIME.  I many times have thought long term where investments are concerned.  My experiences are that my wallet valuations have generally increased when long periods of time are considered.  Say 3 years duration for starters.  Its a no brainer where 2010 coins are concerned, but even as late as last year I had to face the tribulation of "should I acquire more with the price at 650?".  I made the move to get more and now in just under a year they are 1300 +.  You can't look at coins bought for peanuts and regret not buying 1000's more to the point where you get "frozen" with that regret.  I believe with all my heart that 5 years from now we might be viewing the 1300 coin and dreaming of the day we could have bought some for that price.  Get it?  Just think about Time and decide if you can let it work to your advantage.  I am not a fancy pants money man.  More of the tortoise and the hare, but I am very consistent over time.  Its worked well for me.

[aeternus]

Short answer, no, long answer no an this is why, bitcoin and all other cryptos are money and no one on their right mind gives significant amount of money for nothing so the same logic that you apply to fiat applies here, you want to earn then you need to work for it.

[DaveTheWerewolf]

Short answer, no, long answer no an this is why, bitcoin and all other cryptos are money and no one on their right mind gives significant amount of money for nothing so the same logic that you apply to fiat applies here, you want to earn then you need to work for it.

Why even with this, do people look to find an easy way out?
To me it would seem more profitable to mine/collect altcoin, wait for the price to go up, then sell and exchange for a better priced coin.

[Iranus]

Faucets were never worth your time.

Think about it.  They're just giving you some of the ad revenue that they get from people visiting their site.  That's never going to be more than a couple of cents worth of Bitcoin, and bots never click on ads so it's going to be annoying for you.

Even if you were using faucets several years ago before the Bitcoin price went up loads, you would have been much better off actually working properly for Bitcoin or buying it.

Bitcoin is just like fiat but within its own ecosystem.  If you have knowledge or skills, you can use them - do some developer jobs for Bitcoin, or start a blog, or really anything else.  In my case, I post self-referential crap like this and get paid  (signature campaigns are a significant thing on the forum as well, as long as you don't spam).

[Snorek]

So, long story short, repeating the most important part for me: Is there no better way to get more BTC's or faster without investing money? And even then, with investing money, is it still profitable?

Bitcoin is money, it will be worth even more in the future. There is no way that someone will give your BTC for free.
You are biased in thinking that there is a shortcut. There isn't and currently buying BTC is the best way to obtain it.
Every other way will give you insignificant amount of BTC compared to the time you will lose while trying to obtain bitcoin.
Of course you can  gamble, buy some cheaper altocoins you think it will be amazing in the future and then exchange it to BTC.
But all this is not certain way. If I knew what I know now back then  when I started with BTC I would spend all my fiat money just to buy Bitcoin.

[AdolfinWolf]

Short answer, no, long answer no an this is why, bitcoin and all other cryptos are money and no one on their right mind gives significant amount of money for nothing so the same logic that you apply to fiat applies here, you want to earn then you need to work for it.

Why even with this, do people look to find an easy way out?
To me it would seem more profitable to mine/collect altcoin, wait for the price to go up, then sell and exchange for a better priced coin.

Mining would/could be profitable yes, but collecting them in the form of doing faucets or offers?

No.
Absolutely not.
Stay far away from that. You're way better off by just buying it with fiat at that point, instead of working hours for 1$ of some altcoin.

[xuan87]

There are few ways to earn without investing but it requires skill and if you got money to start it will helped you to earn better and faster but all of that need process you can't ​expect to get rich in a month, I suggest you to learn trading if you got money to invest if you don't have go and offer your service, earning from faucet and other micro earning won't make you rich but it is a good way to start earning and it is hard to get profit with mining unless you got a very expensive tools

[Ctstrphy]

Faucets are okay, but do not devote all of your extra time in finding faucets or opening a lot of faucets; it is not worth the time and I learned this the hard way. I usually open 30+ tabs just for faucets and earned a few cents within a week. It is better if you devote this time in studying how the system works and how to make money using it. Trading is one of the ways to earn just like forex.
Here are some of the safest ways to earn money in cryptocurrency: Convert fiat money to coins and hold; Trade bitcoins to altcoins; Offer services and get paid in bitcoins.
There is no quick-rich scheme in any type of money-making businesses. Or if you think so, that is the easiest way to get scammed.

[susila_bai]

Using faucets for earning is a very old style and it is not worthy, trading is very good option but for that you should have lot of knowledge and patience. Apart from that if you want to earn bitcoins without earning through this forum, then first you should have high rank, atleast full member rank, and join signature campaign for earning per post or fixed next is try to do some free task in new altcoin launching where they are giving free coins, gain them and trade them in exchange and gain the trading knowledge with free coins. So like this their are so many other option which if you go through this forum you will know it.

[RamBahadur.Gurung]

-Altcoin mining such as DASH, ETH, XMR or ZEC is more profitable since the competition isn't too crazy, but these altcoin price is very volatile.

There are two possibilities with altcoin mining. The first possibility is that the mining competition will get more and more fierce, as more users are attracted to it by the handsome reward. The second possibility is that the altcoin bubble will burst, causing bankruptcy to the miners.

[Cereberus]

-Altcoin mining such as DASH, ETH, XMR or ZEC is more profitable since the competition isn't too crazy, but these altcoin price is very volatile.

There are two possibilities with altcoin mining. The first possibility is that the mining competition will get more and more fierce, as more users are attracted to it by the handsome reward. The second possibility is that the altcoin bubble will burst, causing bankruptcy to the miners.

Altcoin mining is at the peak , now that I am mining with 2 GTX 1060 3GB version I am making 4.5 USD in bitcoin in a day. I am one of the people with not big rigs but I love to get about 130 USD in bitcoin monthly through my PC mining activity. There are a lot of other persons much more serious in mining than me and the rewards are awesome as I write this reply. Yes Bitcoin is worth my time and every other person who believes firmly in the bitcoin potential in the longer run.

[LostWords]

The thing is, i want to work hard for it. I'll run circles, while doing push-ups, keeping a football on my nose and fighting John Cena at the same time if that gives me Bitcoins. My main problem is: i have no money to invest and I have no programming skills. I can make websites (HTLM and basic PHP combined with puzzling Photoshop elements), I am good with designing stuff and I like playing League of Legends. Pretty much my skillset. So, I don't know about other ways then Faucets at this moment but I am willing to learn and invest my time on it (or small amounts of money, if that's worth anything...like 50 EUR per month or so).

[AdolfinWolf]

The thing is, i want to work hard for it. I'll run circles, while doing push-ups, keeping a football on my nose and fighting John Cena at the same time if that gives me Bitcoins. My main problem is: i have no money to invest and I have no programming skills. I can make websites (HTLM and basic PHP combined with puzzling Photoshop elements), I am good with designing stuff and I like playing League of Legends. Pretty much my skillset. So, I don't know about other ways then Faucets at this moment but I am willing to learn and invest my time on it (or small amounts of money, if that's worth anything...like 50 EUR per month or so).

Playing League of Legends huh? Maybe you have a decent video card / processor and you can use those to mine?

You can get around 5$ daily with a GTX 1080 on this site, http://Nicehash.com Which doesn't seem like a lot at first, but in a couple months you'll have your ROI back.

Might be something worth to check out?

[LostWords]

The thing is, i want to work hard for it. I'll run circles, while doing push-ups, keeping a football on my nose and fighting John Cena at the same time if that gives me Bitcoins. My main problem is: i have no money to invest and I have no programming skills. I can make websites (HTLM and basic PHP combined with puzzling Photoshop elements), I am good with designing stuff and I like playing League of Legends. Pretty much my skillset. So, I don't know about other ways then Faucets at this moment but I am willing to learn and invest my time on it (or small amounts of money, if that's worth anything...like 50 EUR per month or so).

Playing League of Legends huh? Maybe you have a decent video card / processor and you can use those to mine?

You can get around 5$ daily with a GTX 1080 on this site, http://Nicehash.com Which doesn't seem like a lot at first, but in a couple months you'll have your ROI back.

Might be something worth to check out?

I have just installed it, thanks for the tip. Can I just let it start on it's own settigns and algorythms or should I hash something else? :$