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Author Topic: Is BitCoin faucets really worth the time?  (Read 17478 times)
Muhammed Zakir
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July 16, 2014, 05:19:27 PM
 #321

I did some faucets back in 2013. It was a waste of time then -- gotta be a colossal waste of time now. Roll Eyes


probably

but remember

if you did faucets in 2009 and kept the coins it would be worth it

if someone does faucets in 2014 and keeps them until 2019

will it be worth it? Smiley

Maybe, but even in that scenario doing faucets for hundreds of hours would still be less profitable than buying 5$ worth of Bitcoins and holding until then Tongue

+1.
You are right when considering electricity costs but if the faucet pay out was 1BTC per dispense he may get a great profit. I don't know how much BTC faucet gave at the time. Now there is nothing we can do about it except dreaming, it is waste of time telling about past things, I suggest you to tell what we can do now.
IMO it is better to trade BTC like lynn_402 told. You can buy as little as $5 and can sell when the price increases, you can get upto $10 when you sell, if you are so lucky, you may get even more.

Kindly,
       MZ

If I understand the posts correctly, lynn_402 was actually suggesting people to buy and hold bitcoin for a long period of time, instead of trading lol. Cheesy

He was suggesting trading but what he told was a that buying BTC is better than earning from faucets. Normally what every person do is trade that BTC, that was what I told.
Kindly,
        MZ

DannyElfman
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July 17, 2014, 04:56:50 AM
 #322

I did some faucets back in 2013. It was a waste of time then -- gotta be a colossal waste of time now. Roll Eyes


probably

but remember

if you did faucets in 2009 and kept the coins it would be worth it

if someone does faucets in 2014 and keeps them until 2019

will it be worth it? Smiley

Maybe, but even in that scenario doing faucets for hundreds of hours would still be less profitable than buying 5$ worth of Bitcoins and holding until then Tongue
It would be a much better use of your time if you were to work some additional time and use the money you earn to purchase bitcoin on an exchange. The total amount of additional money that will be in your name will be much greater then if you were to try to make money from faucets.

This spot for rent.
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September 01, 2014, 07:36:47 PM
 #323

of course it's not worth of your time, and electricity you pay..
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September 01, 2014, 07:40:30 PM
 #324

I wouldn't recommend faucets to anyone except to the people who wants to build a website with that.
saif92
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September 01, 2014, 07:42:58 PM
 #325

I wouldn't recommend faucets to anyone except to the people who wants to build a website with that.
But still many faucets coming on daily basis and these are good for newbies

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September 01, 2014, 07:46:23 PM
 #326

of course it's not worth of your time, and electricity you pay..

Exactly.

If you can find a job paying you $5 an hour, you shouldn't waste your time on faucet unless you can get 0.01 btc an hour.
If you can find a job paying you just $1 a day, you shouldn't waste your time on faucet unless you can get 0.002 btc a day.

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September 01, 2014, 07:47:31 PM
 #327

I personally would not recommend faucets myself because for the amount that you make it is really not worth it and you are more than likely going to end up paying way more in electricity than you make from the faucets.
waqas
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September 02, 2014, 10:48:33 AM
 #328

I personally would not recommend faucets myself because for the amount that you make it is really not worth it and you are more than likely going to end up paying way more in electricity than you make from the faucets.
But if you are doing already online work and during this time you can check some faucets for few satoshis its not a bad idea I have some good amount

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September 02, 2014, 11:33:22 AM
 #329

no, the amount you got is small compared to the time you wasted
use that time to work part time and buy btc with your wage

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September 02, 2014, 12:45:39 PM
 #330

Absolutely not.
You can take a part time job on your real life if you want some money and that make better money.

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September 02, 2014, 12:47:25 PM
 #331

17 pages long.... and answer is still no Smiley.  I think we can agree faucets pay so little its not worth the time.
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September 02, 2014, 01:27:30 PM
 #332

Of course. I know a site who always complain about abuse in their faucet. Players always cashout on them.
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September 02, 2014, 05:51:23 PM
 #333

for me freebitco.in, coinad and bitvisitor are nice sites. but they will cost a lot of free time
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September 02, 2014, 05:56:07 PM
 #334

faucets are a waste of time considering the minimum wage

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September 02, 2014, 06:08:30 PM
 #335

Faucets are a joke the amount of time and electricity doesn't equate to the payout. 
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September 02, 2014, 06:35:35 PM
 #336

Faucets are a good way to learn about bitcoin or to do while you wait for a bus/train  Smiley

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September 02, 2014, 07:47:09 PM
 #337

for me freebitco.in, coinad and bitvisitor are nice sites. but they will cost a lot of free time
I am using these sites for long time and have too much just for my free time and its not cost me too much

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September 02, 2014, 07:55:48 PM
 #338

Faucets are a good way to learn about bitcoin or to do while you wait for a bus/train  Smiley

Look around you instead of filling in captchas...
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September 02, 2014, 08:47:57 PM
 #339

No, faucets aren't worth the time in my opinion. People have already calculated how much you can make theoretically by using the faucets non stop for 8 hours or so, and come up with a measly couple of USD. Totally not worth the time. Way below minimum wage!

I should have gotten into Bitcoin back in 1992...
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September 02, 2014, 09:49:22 PM
 #340

Faucets is not worth of time, but very good way to learn the about Bitcoin.
You do not need to spend your money and you can understand how Bitcoin payment process work.
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