Faucets profitable?

[pealr12]

As a newbie Faucets is a good option to start earning your first bitcoin but to other people claiming on bitcoin faucets is a waste of time.

[mk4]

What is the benefit of having a faucet?

As I see it, you are giving away satoshis (am I right or I am missing something here?)

People who make faucet sites implement ads on their sites, because ad networks pay their applicants per impression. So the trick is to give out sats that cost cheaper than the cost-per-impression for the faucet owner to make a profit. Though I've read in some posts that some ad networks don't allow faucet sites now.

As a newbie Faucets is a good option to start earning your first bitcoin but to other people claiming on bitcoin faucets is a waste of time.

It's definitely in no way a good option to start earning. You literally gain nothing but a few sats.

[Twkasun52]

Sure they Can be anytime.You should forget about the tokens just after received them & hold at-least 1 year,i am sure you will be surprised.

[Zulfiyan]

Faucet not profitable, Faucet will profitable if you have an active refferal, If no, you will be tired. 1$/Month 😭😭

[coly20032003]

In fact a lot of faucets before, some are good some are scam. And on some faucet, there are just so many advertisement. I do have a few faucets that I use regularly now. One of them even have app on iphone so it is convenient for me to use. But it is hard to make a lot of money from faucets.

[Kakmakr]

There was a time when major Ad companies were paying for faucet traffic and some of these Faucets made some nice profits, but they soon realized that advertisement traffic from faucet users are worthless, because these people are not an ideal target market. <In short, they are not big spenders>

A lot of faucets had to add extra gambling features to retain their users and to subsidize their faucet payouts. The remaining faucets are hanging by the tip of their fingers and some are losing money.   

The initial idea behind faucets was to grow adoption by giving people small amounts of bitcoin/Satoshi to start using it, but it quickly turned into a money making venture. 

[Sofia234Edwards]

How to own them, are there any sources to learn about faucets like how popular you are?

[DALVIRSINGH5353]

It may be profitable in Venezuela......since they only make a few usd per month because of hyperinflation.  For everyone else though, no its not worth it in the slightest.

[vagrom]

The faucet is mainly used to test the wallet or earn a transfer fee. This is my personal thought.
Earn it through it, and estimate the efficiency is a bit low.

[jseverson]

It may be profitable in Venezuela......since they only make a few usd per month because of hyperinflation.  For everyone else though, no its not worth it in the slightest.

It could be for end users, but it's not going to make a difference for the operator unless he moves to Venezuela and runs it from there. I doubt OP would be willing to do that lol.

I know this is purely theoretical, but he probably won't make any money there either because I don't think advertisers would be lining up for the Venezuelan market.

Anyway, 99bitcoins has a faucet guide that people who are interested in starting a faucet may want to check out.

[Velkro]

It may be profitable in Venezuela......since they only make a few usd per month because of hyperinflation.  For everyone else though, no its not worth it in the slightest.

Agree, this was viable business in years before. Still such new faucet can contribute to community in some cases like in very poor countries or people that want to just "test" bitcoin and see how it works.
Maybe you will be able to get great advertisements (for great $ to you). It only depend on your selling skills

[Crypto Girl]

The initial idea behind faucets was to grow adoption by giving people small amounts of bitcoin/Satoshi to start using it, but it quickly turned into a money making venture.  

That actually unbeknownst to the company because faucet is obviously a free money and people who had used it came out with the idea that it can be a good source. Of course, everyone loves free.

Though somehow, adoption was achieved in some way as bitcoin widely spread in internet. And because of that, people flock in faucet sites however bitcoin had grown its value and that's the end of the story.

[Twkasun52]

Honestly they not profitable these days.May be they will be worth some day but cant say sure.try to do bounties that time.

[Iamskr]

Yes as a faucet owner faucet are still profitable but profits are low compare to 2017 but as a faucet worker faucets are nowadays not profitable that are time consuming and their payout is very low so I would suggest everyone who wants to earn through faucets never waste your time in that you can use those time in bounties this is just my suggestion.

[marlon45]

What i've gleaned from this is that it can only really be profitable (and not that much) if you have a faucet website.

[AdolfinWolf]

Yes as a faucet owner faucet are still profitable but profits are low compare to 2017 but as a faucet worker faucets are nowadays not profitable that are time consuming and their payout is very low so I would suggest everyone who wants to earn through faucets never waste your time in that you can use those time in bounties this is just my suggestion.

What's your faucet? I'm quite curious.

What i've gleaned from this is that it can only really be profitable (and not that much) if you have a faucet website.

Whether or not faucets are profitable from a user perspective really boils down to how much your time is worth.

It may be profitable in Venezuela......since they only make a few usd per month because of hyperinflation.  For everyone else though, no its not worth it in the slightest.

Agree, this was viable business in years before. Still such new faucet can contribute to community in some cases like in very poor countries or people that want to just "test" bitcoin and see how it works.
Maybe you will be able to get great advertisements (for great $ to you). It only depend on your selling skills

I doubt that this "depends" on your selling skills, but rather how much convertable traffic you're getting and what your site looks and functions like. Just saying.

How to own them, are there any sources to learn about faucets like how popular you are?

Well, google should be your first step; https://www.google.com/search?q=how+to+create+a+faucet

There's dozens and dozens of guides and free templates out there that you'll be able to use. A complete newbie to programming could make one.

As to the metrics, most adnetworks either ask you for your google analytics, or your alexa ranking.

I'm a little bit out of date on the current meta, but i'm pretty sure faucethub.io is still pretty popular, you can see their most "popular" faucets here -> https://faucethub.io/faucets/BTC

[darkangel11]

What i've gleaned from this is that it can only really be profitable (and not that much) if you have a faucet website.

It's going to get less profitable as people learn that faucets are a waste of time.
Every time you start to think about whether something is profitable or not check out how much time it will take you and how much money you'll be able to make per hour. For me anything that pays less than $10 per hour is a total waste of time (I'm talking about work, not pleasure). Faucets will pay you maybe $1 per hour if you farm a bunch of them at the same time. Even if BTC goes to 20k this will be $4 per hour of your time. Not worth it!

[efrenbilantok]

Yes, its profitable because will not invest anything but you can only profit a very very tiny amount of money in exchange of your time. Very time consuming to be taken seriously. I suggest for you to join bounty programs and airdrops it's worth the time when you picked the right coins.

[marlon45]

What i've gleaned from this is that it can only really be profitable (and not that much) if you have a faucet website.

It's going to get less profitable as people learn that faucets are a waste of time.
Every time you start to think about whether something is profitable or not check out how much time it will take you and how much money you'll be able to make per hour. For me anything that pays less than $10 per hour is a total waste of time (I'm talking about work, not pleasure). Faucets will pay you maybe $1 per hour if you farm a bunch of them at the same time. Even if BTC goes to 20k this will be $4 per hour of your time. Not worth it!

I see. I think that goes for most things though - any PTC stuff for example is never going to generate you enough income.

[P_percy]

The payouts from the faucets are really small and that makes it insignificant.