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Author Topic: Bitcoin Faucets, Are they worth it?  (Read 7502 times)
Kprawn
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October 29, 2014, 06:29:23 AM
 #21

I do not see, where people get to the "many hours you spend on faucets every day" and "it's a waste of time...."

In the morning, you login once and keep the browser open for the whole day in the background, whilst you do something else. {Tested it on 5 faucets and it took me less than 5 min}

During the day, you go back to your 5 faucets and solve 5 Captchas every hour {Tested 1 min per faucet}

If you do 5 x faucets every hour, 8 times a day, it takes 40 minutes plus the 5 minutes, it took you to login = 45 minutes per day.

The average payout per faucet recently is 500+ per hour. {FreeBitco.in / BitcoinZebra ......}

500 Satoshi x 5 = 2500 Satoshi x 8 = 20 000 Satoshi per day. {+/- 10 cents US per day }

Now let's say, you living in one of the 3rd world countries and your currency is 15 times weaker than the US Dollar { 15 x 0.10 cents = 1.5 <Insert your currency here>}

So if you living in a 1st world country 10 US cents per day will be a waste of time, but when you live in a 3rd world country and your currency is weak against the dollar and you get paid in dollar, it is worth it.

Let's say you keep your earnings for a month and the bitcoin price double. { 10 cents per week x 4 = 40 cents x 2 = 80 cents and then x 15 to convert to your currency = 12 }

This is for one person using the faucet. {If you had 5 tablets, recharged with solar power for every member of the family with it's own sim card and unique address --> 12 x 5 = 60 <your currency>

All of this, from a waste of time faucet.  Grin

See my other idea with faucets here --> https://bitcointalk.org/index.php?topic=837383.0

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October 29, 2014, 06:59:16 AM
 #22

I do not see, where people get to the "many hours you spend on faucets every day" and "it's a waste of time...."

grosminer was talking about getting 750k satoshi in a month, and I was talking about many hours spent on faucet every month.
Where did you get the idea I was talking about "many hours every day"?

If you spend 45 minutes a day (as in your example) on faucet, you are going to spend 22.5 hours a month.

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October 29, 2014, 07:08:12 AM
 #23

I do not see, where people get to the "many hours you spend on faucets every day" and "it's a waste of time...."

In the morning, you login once and keep the browser open for the whole day in the background, whilst you do something else. {Tested it on 5 faucets and it took me less than 5 min}

During the day, you go back to your 5 faucets and solve 5 Captchas every hour {Tested 1 min per faucet}

If you do 5 x faucets every hour, 8 times a day, it takes 40 minutes plus the 5 minutes, it took you to login = 45 minutes per day.

The average payout per faucet recently is 500+ per hour. {FreeBitco.in / BitcoinZebra ......}

500 Satoshi x 5 = 2500 Satoshi x 8 = 20 000 Satoshi per day. {+/- 10 cents US per day }

Now let's say, you living in one of the 3rd world countries and your currency is 15 times weaker than the US Dollar { 15 x 0.10 cents = 1.5 <Insert your currency here>}

So if you living in a 1st world country 10 US cents per day will be a waste of time, but when you live in a 3rd world country and your currency is weak against the dollar and you get paid in dollar, it is worth it.

Let's say you keep your earnings for a month and the bitcoin price double. { 10 cents per week x 4 = 40 cents x 2 = 80 cents and then x 15 to convert to your currency = 12 }

This is for one person using the faucet. {If you had 5 tablets, recharged with solar power for every member of the family with it's own sim card and unique address --> 12 x 5 = 60 <your currency>

All of this, from a waste of time faucet.  Grin

See my other idea with faucets here --> https://bitcointalk.org/index.php?topic=837383.0
 

I like the idea of a third world family in wich every component own his solar-powered tablet..

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October 29, 2014, 08:13:37 AM
 #24

I do not see, where people get to the "many hours you spend on faucets every day" and "it's a waste of time...."

grosminer was talking about getting 750k satoshi in a month, and I was talking about many hours spent on faucet every month.
Where did you get the idea I was talking about "many hours every day"?

If you spend 45 minutes a day (as in your example) on faucet, you are going to spend 22.5 hours a month.

Some People spend 4 hours a day in front of the television = 120 hours a month and it brings in NO money.  Wink

I see what you saying .... tho and I agree with you on your point, but I still think that is productive and better than doing nothing or watching TV.

There are better ways of earning money, but if it's your only income, it's better than nothing. {I live in a country with very high unemployment, so for most, it would be their only income}

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October 29, 2014, 08:16:49 AM
 #25

In the early days, Yes but now it's just a waste of time.
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October 29, 2014, 08:30:28 AM
 #26

I do not see, where people get to the "many hours you spend on faucets every day" and "it's a waste of time...."

grosminer was talking about getting 750k satoshi in a month, and I was talking about many hours spent on faucet every month.
Where did you get the idea I was talking about "many hours every day"?

If you spend 45 minutes a day (as in your example) on faucet, you are going to spend 22.5 hours a month.

Some People spend 4 hours a day in front of the television = 120 hours a month and it brings in NO money.  Wink

I see what you saying .... tho and I agree with you on your point, but I still think that is productive and better than doing nothing or watching TV.

There are better ways of earning money, but if it's your only income, it's better than nothing. {I live in a country with very high unemployment, so for most, it would be their only income}

Well guess I have to agree on that.
20000 satoshi is not much but is still better than 0, and if that is the best opportunity you have, you should take it and fully utilize it.

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October 29, 2014, 09:44:14 AM
 #27

Faucets are profitable only if have thousands of referrals in your downline. Maybe just the first ones who signed up on Freebitco.in and spread their ref links all around social networks, forums, email, ect. earned something relevant.

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October 29, 2014, 10:17:27 AM
 #28

Some of them yes, some of them no. So better be good in your research first.
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October 29, 2014, 02:14:06 PM
 #29

Based on my experience, I earn more here on bitcointalk by doing signature campaign (newbie) than in faucets.

I agree with others comments regarding having many referrals on faucets. It would give you better profit.

I also do live in a third country and it is far better for me to earn cents or more per day in front of my PC than doing nothing to gain profit.

By the way, if you have decent job, go to it. If none find one. In my own opinion, do not depend on business on the internet.
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October 30, 2014, 03:16:18 AM
 #30

Depends on how big the faucet is..
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October 30, 2014, 10:55:30 AM
 #31

Its not worth my time.
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October 30, 2014, 01:13:19 PM
 #32

Let's talk about a real example..
I just spent exactly 3 minutes playing a dice game. I started with FREE faucet from the site (I'm lvl 14 so it's 1436 sats.) Then i played the dice game for exactly 3 mins, that's 180 secs, and i was able to reach the minimum payout: 50k sats.

That's 16.7k sats/min, way more than 500/h !!

And guess what? i can try again because i get 1436 sats to play EVERY 3 mins. Do the maths..

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October 30, 2014, 01:15:16 PM
 #33

Let's talk about a real example..
I just spent exactly 3 minutes playing a dice game. I started with FREE faucet from the site (I'm lvl 14 so it's 1436 sats.) Then i played the dice game for exactly 3 mins, that's 180 secs, and i was able to reach the minimum payout: 50k sats.

That's 16.7k sats/min, way more than 500/h !!

And guess what? i can try again because i get 1436 sats to play EVERY 3 mins. Do the maths..

and that's for you. Not everyone's a lvl 14 on that dice site, also maybe someone isn't good at gambling or has bad luck. You can't look at it that way.



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TheDragonSlayer
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October 30, 2014, 01:17:06 PM
 #34

Let's talk about a real example..
I just spent exactly 3 minutes playing a dice game. I started with FREE faucet from the site (I'm lvl 14 so it's 1436 sats.) Then i played the dice game for exactly 3 mins, that's 180 secs, and i was able to reach the minimum payout: 50k sats.

That's 16.7k sats/min, way more than 500/h !!

And guess what? i can try again because i get 1436 sats to play EVERY 3 mins. Do the maths..

That was just a one time luck, try again and Im sure you won't be that lucky..

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October 30, 2014, 01:21:23 PM
 #35

Let's talk about a real example..
I just spent exactly 3 minutes playing a dice game. I started with FREE faucet from the site (I'm lvl 14 so it's 1436 sats.) Then i played the dice game for exactly 3 mins, that's 180 secs, and i was able to reach the minimum payout: 50k sats.

That's 16.7k sats/min, way more than 500/h !!

And guess what? i can try again because i get 1436 sats to play EVERY 3 mins. Do the maths..

That may be more, but you have more of a chance to lose more than you make.

*On another note
Why did you guys have to revive this thread? Cheesy

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October 30, 2014, 02:03:20 PM
 #36

They are.. As long as they pay what they said they will pay.

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October 30, 2014, 05:26:12 PM
 #37

They are.. As long as they pay what they said they will pay.

...and as long as you know how much fiat-equivalent you are earning for an hour of seeing spam and compiling annoying captcha.

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October 31, 2014, 05:24:57 AM
 #38

They serve a double purpose :

1. They stimulate business through advertizing
2. They provide a income for both the owner of the faucet and it's users.

You see it as Spam, I see it as the above. Even the Captha's providers, earn money from this. {Tripple Wamy}

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October 31, 2014, 01:47:31 PM
 #39

Are bitcoin faucets worth it?

most faucet sites give you like 2 ubtc, and to make 1 bitcoin it would take a couple thousand
submissions.



who uses faucets? have you made 1 bitcoin?


Do you find it worth it?
faucets will pay 200 satoshis on average if you visit 10 per hour and every hour for 10 hours it would be
200*10*10= 20000 satoshi per day so it would take 100,000,000/20,000=5000 days=416month to get 1 BTC

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November 01, 2014, 08:28:28 AM
 #40

on my part, it is worth on its own. I did tried and up to now, doing faucets, and made about 0.03 btc out of it alone. If you dont have anything to do, (like me), collecting satoshi is worth your time.

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