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Author Topic: Coin faucets.. are they worth it?  (Read 1639 times)
SnowboardJacket
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November 22, 2013, 05:29:41 AM
 #1

I've been messing around with coin faucets for about 3 days now and have managed to come up on .50$ worth of Bit Coin.

Do any of you do the same? Is this a viable way to generate bitcoin?
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dominicwin
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November 22, 2013, 05:38:56 AM
 #2

Viable way? the best way would be to purchase it. They are really just for fun and to spread the bitcoin message around.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
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SnowboardJacket
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November 22, 2013, 05:42:24 AM
 #3

that's what im starting to gather as i search around more and more.
most fun is playing the game / gambling ones.
i guess it comes down to making the 700$ investment.
dominicwin
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November 22, 2013, 05:44:18 AM
 #4

that's what im starting to gather as i search around more and more.
most fun is playing the game / gambling ones.
i guess it comes down to making the 700$ investment.

That would be up to you. But $.50 of bitcoin if BTC multiplied 100x in value your $.50 would only be worth $50

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
jakeok
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November 22, 2013, 05:44:59 AM
 #5

Treat faucets as a way to get involved with the currency, not as a way to profit. However, I imagine you wouldn't be disappointed if you were one of the first people to use a Bitcoin faucet where you would get more per "usage".
romneybuck
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November 22, 2013, 05:46:15 AM
 #6

It's like begging on the street. You better get a job, son. And don't forget to do the right thing for the right people when you have the possibility. Support the successful, and you become successful.

This account is inaccessible. No one knows its randomized password.
dominicwin
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November 22, 2013, 05:46:31 AM
 #7

Treat faucets as a way to get involved with the currency, not as a way to profit. However, I imagine you wouldn't be disappointed if you were one of the first people to use a Bitcoin faucet where you would get more per "usage".

Yes now that was when Bitcoin faucets were handing out BTC that's worth a lot of money today!

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
bitmarket.io
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November 22, 2013, 05:57:14 AM
 #8

I'm not really sure what a faucet is. I know one thing though, it isn't for any serious investor.  Those numbers are gravely deflated... =/
PenAndPaper
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November 22, 2013, 06:01:47 AM
 #9

I'm not really sure what a faucet is. I know one thing though, it isn't for any serious investor.  Those numbers are gravely deflated... =/

A faucet is a web site that gives away timy amount of bitcoins for free. Usually it involves completing some tasks.
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November 22, 2013, 06:48:56 AM
 #10

I think a faucet is a neat little distraction every now and then. Plus the amount coming out now each offer something different which keeps things interesting. They aren't really worth it if you are trying to make any real profit though.

Also, ad-driven faucets are great ways of learning about available Bitcoin related services.
wuvdoll
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November 22, 2013, 07:00:49 AM
 #11

it just for free time entertain

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ranlo
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November 22, 2013, 07:50:22 AM
 #12

that's what im starting to gather as i search around more and more.
most fun is playing the game / gambling ones.
i guess it comes down to making the 700$ investment.

That would be up to you. But $.50 of bitcoin if BTC multiplied 100x in value your $.50 would only be worth $50

This is how I feel. People feel that BTC will go up in value hundreds of times, meaning that what we get now is worth a lot more. Faucets used to give full Bitcoins, for example. Then went down to partial, then to mBTC, then to parts of mBTC. Discounting ANY of a deflating currency is a bad idea I think. After all, there will NEVER be more than 21 million BTC, meaning the more pieces you have, the more you hold of something that will never increase in number.

FWIW, if you're doing faucets, you can hit up the Bitcoin faucet rotator to make the process much faster and easier than doing each one manually. It won't get you rich or anything, but it helps trivialize the process.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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dominicwin
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November 22, 2013, 08:30:04 AM
 #13

that's what im starting to gather as i search around more and more.
most fun is playing the game / gambling ones.
i guess it comes down to making the 700$ investment.

That would be up to you. But $.50 of bitcoin if BTC multiplied 100x in value your $.50 would only be worth $50

This is how I feel. People feel that BTC will go up in value hundreds of times, meaning that what we get now is worth a lot more. Faucets used to give full Bitcoins, for example. Then went down to partial, then to mBTC, then to parts of mBTC. Discounting ANY of a deflating currency is a bad idea I think. After all, there will NEVER be more than 21 million BTC, meaning the more pieces you have, the more you hold of something that will never increase in number.

FWIW, if you're doing faucets, you can hit up the Bitcoin faucet rotator to make the process much faster and easier than doing each one manually. It won't get you rich or anything, but it helps trivialize the process.

Exactly, because the supply is finite. Of course still all a risk even if you put $700 and get 1 bitcoin out of it. But with every little multiply of bitcoin value, it increases so much more depending on what you have.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
beetcoin
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November 22, 2013, 08:39:45 AM
 #14

it's a waste of time typing in numbers every hour so you can make $.0001 each time. for that measly .0001, you lose your dignity.
TheNewAnon135246
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November 22, 2013, 08:40:56 AM
 #15

I only use 1 faucet, since it is different from normal ones. It combines the faucet with a dice game. You can earn up to 0.3 BTC per roll. You can also use your earnings in a high/low game so you can earn more (or lose everything Tongue). My latest payout was 0.002 BTC. I know it isn't much, but it's still free right?

My referral link: http://freebitco.in/?r=73 (would help me if you use this one Grin)
Normal link: http://freebitco.in/

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addy4u
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November 22, 2013, 08:42:05 AM
 #16

Faucet sites are just waste of time but they do help them who are totally new to btc and want few btc to start
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November 22, 2013, 08:45:57 AM
 #17

I've visited a few since learning more about Bitcoin this week. At this point it is mild curiosity, and I'm not sure yet whether I will invest.
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November 22, 2013, 08:50:31 AM
 #18

Faucet sites are just waste of time but they do help them who are totally new to btc and want few btc to start

The problem with the low BTC amounts you get from free faucets (dust) is the huge % fee you have to pay when you sending the dust. It might be for new user bad experience with Bitcoin right from the start

 

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November 22, 2013, 08:53:27 AM
 #19

I've been visiting Crypto's Place and others. Turnout is very (very) low, but it's sometimes fun to do. Mainly when your bored or waiting for something to finish Smiley
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November 22, 2013, 08:55:10 AM
 #20

I used to run a bitcoin faucet myself. It ran for a few months, and i must say: the top visitors earned quite a bit. But then again it cost them a lot of time.

I made sure my faucet was break-even, so i maximised the user's earnings.
I don't recommend faucets to "make a profit". Just use it to get a little bit of bitcoin to play around with.

I really loved helping the bitcoin community this way, because it really helps beginners to discover bitcoin.

I plan on restarting my faucet, but i'm unsure about wether i can make it break-even this time. If not, i'll just lose my initial investment.
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