Running faucet business in 2023 still possible?

[KiaKia]

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too,  where do you think I should start from? What do I need to learn about?

Lastly, what advice do you have for my goal?

[jackg]

I think faucets worked really well to advertise other parts of websites other companies (of they held a stake in the faucet). I think it's hard to get returning visitors on faucets now that'll think it's worthwhile and a lot of the free to play defi gaming space might take over from faucets in the next few years too if they haven't already.

There used to be a site (either called faucetbox of faucethub - both might've existed that had premade scripts and an integrated API).

I still think it's best to have a prepaid advertisement or somewhere you can direct people to from your site (that you also own).

[icalical]

If you want to add faucet into your website as part of it, I mean not like the main feature of your website then I would say go for it. But if you want to make website that specifically for faucet, I also think it is still possible, but there won't be much visitor in this market condition I doubt people will spend their time closing/skipping some ads for just a few sat that worth only few cent. Maybe waiting for the market to get better.

[FatFork]

Lastly, what advice do you have for my goal?

You have to consider how will you monetize your new faucet site.

Get a good plan together. Thinking about putting up ads for your visitors? If yes, what kind? Also, are you thinking of using affiliate links? It's all stuff to consider as you work on your faucet site. Once you've got that sorted, then you can start thinking about the technical and other details.

[avikz]

Faucet businesses can be profitable only if you run with some cheap but known coins. With Bitcoin, you won't make any money for sure. Also a lot depends on what kind of advertisements you want to show. Nowadays, you won't find a lot of advertising companies who pays out in Bitcoin. Also I don't think goggle adsense will give you approval for a faucet website. Also a lot of scripts can be found in the market which will run faucet websites for the users but no view will be counted due to strong as blocker. In long term, faucet is not a business you will prefer running.

[Coin_trader]

Lastly, what advice do you have for my goal?

This business is not profitable anymore since no one is interested to do captcha in exchange for a penny reward. The reason for this is because there’s a lot of cryptocurrency choices now and cryptocurrency is already grow a lot in price compared before when crypto is still on the early syage and everyone is optimistic that the price will grow someday even though we are just claiming a penny before. Cryptocurrency already reached the stage which it’s price is already discovered.

You might spend more on your faucet setup especially the hosting fees compared to the amount of profit you can get on your captcha and banner ads posted on your website. There’s no harm in trying though. I will gladly use your faucet when it’s already out but as a businessman, I don’t see any good profit on this plan.

[jossiel]

I'd like to hear it as well from someone who has ran and keeps on running it. But since there are still ones that's existing, maybe it is but not that much.

I guess that the reason for that is that it's still fun to operate it and owners of it have other sources of income which they're not dependent to the faucet website that they won.

[The Sceptical Chymist]

This business is not profitable anymore since no one is interested to do captcha in exchange for a penny reward. The reason for this is because there’s a lot of cryptocurrency choices now

Oh but man, if only you were able to claim a little bitcoin like you used to back in the day....I should be a millionaire for all the time I spent on faucets and buying cheap bitcoin (seriously) but instead I'm a fucking loser with nothing.

Coin_trader is probably right, though I'm guessing that it just became unprofitable for faucet owners, not because there weren't enough users.  I have no idea what the profits were ever like, but they had to have been minimal.  Faucets would come and go like the wind, so that should tell you something.

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Props to you if you saved whatever you claimed from those faucets.  If you did, you were a true believer where I was a doubting Thomas.

[lizarder]

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

And believe me for now the faucet has no more hope of making a profit because things that are free and small gifts will not last long in conditions of coins that have gained fundamentals and most of it is done on certain coins that are not so valuable.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too,  where do you think I should start from? What do I need to learn about?  

Apart from faucets there is also another method known as an airdrop, both of which have almost the same function to complete a few steps to get a prize. Now why aren't many people talking about it anymore because the potential profit from these two methods is quite small, so people prefer to find ways to invest or trade even if they use their own funds which are a little limited. For investments, we know the DCA term that can be applied and we can take advantage of small financial conditions to collect it.

If you intend to develop a faucet, maybe what you need to do is try to monetize the faucet site and after that place advertisements or videos that have user interest. Lastly you have to make sure that your site doesn't look like a scam so that people don't feel worried about joining and other things you might be able to learn with experienced people because there are lots of suggestions they can give you.

[panganib999]

They are pretty much considered gimmicks now since the sats they give out, are so negligible you're better off just buying bitcoins yourself or purchasing a mining rig than depend on these sites for free stuff. Years ago they were the best ways for you to earn bitcoin since not only are the reward blocks higher, but at the same time bitcoin is lower in value they can just give out money willy-nilly. 2016-18 is what I would consider the golden era of faucets as these were the times when bitcoin faucets are still relatively generous when it comes to rewards, but at the same time there's real value and relevance in bitcoin's part already, which makes it even more enticing to push for faucets like this.

Not saying  you should avoid faucets outright, but saying that you shouldn't expect so much from these sites anymore.

[Eternad]

They are pretty much considered gimmicks now since the sats they give out, are so negligible you're better off just buying bitcoins yourself or purchasing a mining rig than depend on these sites for free stuff.

The rewards is still the same in fiat value because I remember claiming sats back then that is totally negligible too. The price of Bitcoin just explode now that’s why the value in sats is very low while the fiat value is still the same low amount.

Faucet is just a micro earning even before. People nowadays is just very lazy to claim very they knew that there’s a slim chance for the Bitcoin price pump hard to make their little satoshi valuable.

[lionheart78]

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

The faucet owner earns through adverts.  Every round that a  person claim from the faucet, there is an advertisement running and the person has to finish it to claim from the faucet.  Unless the faucet is for airdrop purpose.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it?

.
Because faucet is not worth it anymore.  It needs a very long time before a person can meet the cashout requirement so people got bored and think it is not worth their time anymore.

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too,  where do you think I should start from? What do I need to learn about?

Lastly, what advice do you have for my goal?

@FatFork have good advice on this, I think you should follow his suggestion.

[Wimex]

The issue that most businesses work on, whether they are cryptographic or not, is mainly based on whether they are well executed ideas.. a faucet is not a bad idea and as other contributions say, the considerations you should make is what kind of advertising you expect show, what additional tasks it will involve, how much projection you hope to have and what cryptocurrency you hope to work or promote yourself with, achieving a good set in these aspects considered beforehand and throughout the time of the project you are considering, I can say with almost complete certainty that it will ensure the success of your venture is more a question of basic management notions.. now, if what you want is to generate money from a faucet, I can assure you that you will have to find many and put a lot of effort into them and even so the results they will not be very satisfying..

[vv181]

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

where do you think I should start from? What do I need to learn about?

Claiming a faucet requires the user to wait for an x amount of time and complete a captcha. The reason for that is that the faucet site inserts an advertisement on the claim page or the whole site. Since that advertising is usually paid by views, the amount the owner receives might be used to pay the claimant.

With that in mind, you should calculate how much you can get paid per view, and estimate how many users you may be able to get. Also, you should also remember to make an anti-bot or cheat system. I believe it is a kind of complex project, yet, the profit opportunity is minuscule.

Lastly, what advice do you have for my goal?

Given the reason I said above, you should consider looking for another business opportunity. Nowayads is truly different compared back then when you still claiming a faucet.

[teosanru]

From someone who have claimed faucets almost all his days in 2016-2018 and managed to make some good money from just faucet claiming, I can't help but thinking how those running faucets at that time making money from it.

Since I don't see many people talking about this today I will like to ask for your help if any one knows of any places that I can learn about how to run my own faucet and how to make money out of it? .

Running Doge coin and few other old cheap coins like Litecoin Faucet is still doable, I can even add the likes of Shiba too,  where do you think I should start from? What do I need to learn about?

Lastly, what advice do you have for my goal?

I don't think faucet today makes sense. Faucet earning is actually really simple. You earn very small amount of popular currencies in faucets and then if you are lucky enough one day those coins will get pumped and reach at a decent level and obviously at that time you'll feel that faucet was actually worth it. Unfortunately such a thing isn't really practical for top cryptos now because even faucet providers know how far can bitcoin go so actually they will give you peanuts which can never really become big money. Your best bet is to receive faucet money in a hidden gem of a crypto which tomorrow becomes a big blockbuster.

[Ultegra134]

Faucets used to be extremely popular during the early days of Bitcoin because, for the majority of us, it was the starting point. On top of that, Bitcoin was worth way less back then, and it wasn't seen as an investment as much as it is now. Thus, they were paying tremendous amounts of BTC, which were then worth a few pennies at most. It was actually my starting point for cryptocurrencies as well, from which I managed to accumulate a relatively decent amount of BTC for today's standards, some of which I held until a few years ago.

Nowadays, the majority of Bitcoin faucets have shut down because people lost interest in them because the payout was extremely insignificant. On top of that, most faucets were kept running through donations and advertisements, and since Bitcoin was considered a valuable asset, people stopped donating, and as I've mentioned earlier, people lost interest in them; thus, ad revenue was pretty much nonexistent. FreeBitco.in is still functioning but paying as little as 2 satoshi per roll; thus, it's a waste of time.

[yhiaali3]

I guess faucets are not that profitable anymore, not many people are interested in them now and it's hard to find enough users who are interested in faucets so that they can get enough advertising revenue to keep the faucets alive.

There was a golden period for faucets but these days it is gone, now there is a lot of work and time wasted for the sake of a little frivolous profit that is not worth it. I worked on faucets for a long time when I started but gave it up a long time ago.

[coupable]

Certainly, this is still possible today and may have become much easier compared to the early years of crypto, but the most important question is whether this is still profitable for the business owner or not. Certainly, the faucets are no longer useful to users, and the time they will spend following the faucets will be much more important than what they can get as a few satoshis, so do not expect a significant percentage of traffic. And even if it happens and you succeed in marketing your site, the traffic will be among the beginners who will not be affected by the ads on the site.
According to my expectation, the matter is no longer profitable for all parties.

[AmoreJaz]

I guess faucets are not that profitable anymore, not many people are interested in them now and it's hard to find enough users who are interested in faucets so that they can get enough advertising revenue to keep the faucets alive.

There was a golden period for faucets but these days it is gone, now there is a lot of work and time wasted for the sake of a little frivolous profit that is not worth it. I worked on faucets for a long time when I started but gave it up a long time ago.

no they are not. though there are still some people who are wasting their time on this, very few can survive. maybe hard to find ad companies which will advertise on your site. unless, you have other services other than faucets. because right now, you need to be innovative to survive.

[blockman]

Not anymore but if you wanna do it for fun, and you have the idea that you can still get banner ads and advertisers then that's what it means to be profitable.

no they are not. though there are still some people who are wasting their time on this, very few can survive. maybe hard to find ad companies which will advertise on your site. unless, you have other services other than faucets. because right now, you need to be innovative to survive.

Those that still remember the time how they started probably made their own faucets so that they can pass onto the other people on how they've known Bitcoin.