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Author Topic: Are the bitcoin faucets no longer worth it?  (Read 434 times)
Gabb
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September 13, 2018, 02:46:06 AM
 #1

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?
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September 13, 2018, 02:51:35 AM
 #2

Nope. I don't think faucets weren't made to be monetized with in the first place. It was more of so that the people could test out and transact with bitcoin without putting in money.

Honestly if you're going to find something to make money on, look for something that also can actually improve your skills. You literally don't learn anything from collecting faucets alone as all you're going to do is solving captchas.

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September 13, 2018, 02:52:13 AM
 #3

No I don't think they are worth it, they're referred to as micro-earnings for a reason. I guess if you honestly have nothing else to do it's something but doesn't seem worth the effort.

 I wasn't around when faucets were big. IIRC they were meant to be a way to help push adoption and bring people to bitcoin in a risk free way. It was a beginners tool, you earned free BTC and could then practice sending transactions, creating wallets. Any that still exist now I would expect to be sending out very small amounts for the same purpose as the originals, remember it's essentially a charity for knowledge.

The few I have seen now though I think are usually geared as a promotion for a website, or casino. So they come with their own agendas.

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September 13, 2018, 03:12:33 AM
 #4

Yes, if you can't/don't want do any jobs and you believe Bitcoin price will rise a lot in future.
No, if you have other job or don't think Bitcoin price will rise in future.

Faucet is only useful for beginner to know more about Bitcoin works especially about address, transaction and wallet, but don't want/can't buy Bitcoin.

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September 13, 2018, 04:11:39 AM
 #5

Certainly they aren't worth it. You would earn better by doing bounties here or working on Steemit rather than doing that mindless work.

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September 13, 2018, 04:17:18 AM
 #6

After I knew about trading and bounties, I've already ignored some apps and website faucets. I do not have enough patience waiting and waiting to reach the minimum withdrawal amount. Somehow, some still using fauvets hoping to have free bitcoin. There is some luck for others.

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September 13, 2018, 04:21:30 AM
 #7

If you know that much about it then surely you can feel the difference between that period and the current period of the faucets earning. Literally faucets are getting way down in the payout and its not because they dont want to pay you but its because the prices of the crypto currencies have gone wild. Specifically bitcoin I am talking about, where they are paying you the same rate of Satoshi as they did back in those days. Dont look at it in BTC way but they look at it in USD value. If they start giving you 1000 Satoshi then they would end up giving you huge money for very less value of their income. They need to look after their profits too.


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September 13, 2018, 04:23:23 AM
 #8

I remember that about three years ago, when I was just learning about the existence of bitcoin, there were a lot of faucets who paid more than 1000 satoshi per hour, which allowed those who had enough free time to spend in faucets, to accumulate a good amount of satoshi each week. In fact, that was the way I could get my first fractions of bitcoin by not knowing more alternatives.

However, in these days already very few serious faucets survive, and the most popular of them hardly grant a few satoshis after much effort.

Do you think it's still worth investing time in faucets? what is your experience with that?
That's right, I thought it was not working. We will not have many effective strategies at this time. But if you are a believer in Crypto, you should invest in Bitcoin and determine to hold them for 3 years. That would be a most wise decision.

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September 13, 2018, 04:32:04 AM
 #9

faucets have never been "worth" it even when they were paying higher amounts such as 1000 satoshi, i would even say that faucets weren't even worth it back in the time when there was one and it was giving away 5BTC per claim!
it is never about the amount, it is about the time you waste on claiming them and also the risks you are putting yourself in. for instance a while ago there was a vulnerability in Electrum RPC calls, a faucet forces you to disable your ad block so they can run any script they wanted on your computer. if you had your Electrum open (without password encryption) and was claiming a malicious faucet it could technically steal your coins.
as for waste of time. the time you were wasting a couple of years ago claiming 1000 satoshis could have been spent earning 1000000 satoshi!

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September 13, 2018, 04:33:04 AM
 #10

Yes, you are right that the claims as of today are much lesser compared with previous years when bitcoin has just started. Actually, I register in 99bitcoins faucets and able to claim at least 10 Satoshi per 5 minutes and with a 10K threshold amount before it will be added to your BTC wallet. Though it is only a fraction of bitcoin, for me it is still worth it because I'll use it for buying loads.
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September 13, 2018, 04:54:01 AM
 #11

For me faucets are not worth it, its not worth your time because you can earn so little with spending so much time for it like collecting always.

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September 13, 2018, 05:01:07 AM
 #12

My Wife used to do faucets back in the day, but now you get peanuts and it is just not worth our time anymore. She used to click them for hours each day, nowadays you only get like 20 or 30 sats and that is not enough even to pay the internet and electricity cost in the time frame you are clicking. You are better off finding other tasks to get paid in Bitcoin instead if you can find any that will pay you. Nowadays it seems harder and harder to find good jobs.


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September 13, 2018, 05:18:22 AM
Merited by OgNasty (1)
 #13

Am not sure the f faucets are really much worth and as a basis of knowing much abut bitcoin will be better but using it as a money making avenue for fractions of bitcoin would be quite complicated. There quite better ways of gaining bitcoins aside these faucets which might gain you nothing.

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September 13, 2018, 05:19:37 AM
 #14

Bitcoin faucets are no longer worth it,if you are a faucet owner.The competition between all the onlne faucets killed that business idea(if this really is a business idea).The golden time for the bitcoin faucets is over.
However bitcoin faucets were always totally pointless to use,if you were a faucet user,wasting your time clicking and solving captchas every 5 minutes.Faucets are like PTC sites,like Neobux,they are a waste of time and a dead model to make money.

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September 13, 2018, 05:20:26 AM
Merited by OgNasty (1)
 #15

I think all of us here in crypto will always find a way to earn bitcoin, but for the first timers like me, we will commonly search on google "how to earn bitcoin easily" or something similar. And the result most of the time is the bitcoin faucets. But for sure soon enough we will realize, faucets are not meant to earn a lot of bitcoin, i just realized it after I tried several faucets.
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September 13, 2018, 05:28:04 AM
 #16

Even since the creation of faucets, it isn't worth it. There is already a lot of pretty good explanation about why faucets aren't good in the Beginner & help section pinned post. take a look at here: https://bitcointalk.org/index.php?topic=1629118.0
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September 13, 2018, 05:37:49 AM
 #17

Maybe yes because the price is to much high and these faucets are use less since they're paying with low bitcoins. No one want to waste there time for 100 200 satoshi per hour

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September 13, 2018, 05:42:37 AM
Merited by Haunebu (3)
 #18

No I don't think they are worth it, they're referred to as micro-earnings for a reason. I guess if you honestly have nothing else to do it's something but doesn't seem worth the effort.

 I wasn't around when faucets were big. IIRC they were meant to be a way to help push adoption and bring people to bitcoin in a risk free way. It was a beginners tool, you earned free BTC and could then practice sending transactions, creating wallets. Any that still exist now I would expect to be sending out very small amounts for the same purpose as the originals, remember it's essentially a charity for knowledge.

The few I have seen now though I think are usually geared as a promotion for a website, or casino. So they come with their own agendas.
I agree. They are absolutely not worth it. Are you planning on earning a few cents per hour op? This is how much most faucets pay out these days. There are a few faucets that pay big amounts through lotteries, but everyone knows how lotteries work.

I suggest going outside and looking for a real job rather than depending on faucets due to the low pay per hour op.

Your statement that faucets were designed to help conduct crypto transactions makes complete sense and I had honestly done the same during my initial days in the crypto world.
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September 13, 2018, 08:19:22 AM
 #19

almost all beginners who are new to cryptocurrency must feel the struggle to get some free shatosi, bitcoin tap must be the main target visited by beginners in this field. That is because they still do not fully understand the ways that can generate some shatosi without issuing capital, therefore the bitcoin tap is certainly still suitable for beginners to be able to collect some of the smallest bitcoin units first, namely (shatosi).
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September 13, 2018, 08:24:11 AM
 #20

I think faucet bitcoin and other popular crypto not worth again but faucet from new coin can get more worth if you hold it


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