Oct 6th, 2018 Four:35 PM EDT | Deep Dive
If you’re reading this, you want to know how to make money from Bitcoin faucets. I’ve bot using Bitcoin faucets for years, and moderate the #1 guide for Bitcoin faucets that actually pay. I want to share what I’ve learned.
[Update Ten/6/2018: Updated the section on my dearest faucets to reflect some latest switches with how those faucets work. – Bryan]
Originally published June 15th, 2018
What Is a Bitcoin Faucet?
Bitcoin faucets pay out a few satoshis when you geyser a pagina utter of ads, roll a random number generator (on a pagina utter of ads), or play some other spel (on a pagina total of ads). Some sites, like Freebitco.te and Bitgames.io, use faucets spil a loss-leader to get you to the webpagina. Bitcoin faucets won’t make you rich, but they’re a fine way to get involved with Bitcoin and the cryptocurrency phenomenon without buying Bitcoin.
Here’s my thesis: Bitcoin faucets pay out a fraction of a penny vanaf use. What’s worth a fraction of a penny today will be worth more tomorrow—if Bitcoin rises. Will Bitcoin rise? Very likely. It could also crash. I’m a believer te Bitcoin’s longterm viability, but your mileage may vary.
That’s what makes Bitcoin faucets so appealing to mij. They’re a joy hobby with upside potential.
Here’s a lifetime chart of Bitcoin’s market value. Note the large number of big and little spikes and corrections te the graph.
Lifetime Bitcoin Chart September 5th, 2018
All Bitcoin faucets require a Bitcoin address, and for that, you’ll need a Bitcoin wallet. I’ve personally used Blockchain.informatie’s wallet, a cloud-based wallet. Xxx cryptocurrency enthusiasts only trust wallets they run on their own rekentuig or smartphone, but I’ve personally bot glad with Blockchain.informatie. Blockchain recently added support for Ethereum, too.
Coinbase is also a popular cloud wallet (and exchange), and it supports Bitcoin, Ethereum, and Litecoin. Bitcoin Specie support is coming ter January.
Bitcoin Faucet Math
The best Bitcoin faucets tie their payouts Bitcoin’s price. They’re using exchange APIs to buy satoshis on the fly so that their costs are onveranderlijk te dollars. This is why you’ll see payouts on some faucets rise and fall across the day. FreeBitco.ter exemplifies this proefje.
Some faucets—like those that use microwallets such spil FaucetHub.io—pay out from wallets pre-filled by their operators. Most of thesis display the faucet balance right on the pagina.
Bitcoin Faucet Voor Peak
Here’s a professional peak for Bitcoin faucet enthusiasts: when the price of Bitcoin falls, that’s when you redouble your efforts. Look at that chart above. Bitcoin has heretofore spiked, fallen, lodged out, and risen, time and time again. There’s no ensure that will proceed, but I’m an optimist.
Rente ter faucets spikes along with the price of Bitcoin. Traffic to our guide goes up with the price of Bitcoin, and so do the number of people clicking through to faucets I recommend. Conversely, rente ter faucets goes down when the price of Bitcoin falls.
I understand how that happens, but faucets pay fewer satoshis when Bitcoin goes up. If you want to accumulate more Bitcoin, redouble your efforts when Bitcoin falls, and stay with it when it rises.
Bitcoin Faucet Basics
Some faucets pay out automatically and some require users to trigger a payout. Understand how your faucets work and make sure you withdraw those satoshis! The worst thing you can do with a faucet is earn Bitcoins and leave them sitting there forever.
There are untold numbers of faucets. Many are scams, poorly maintained, or abandoned. This is the point behind my guide to faucets that actually pay. I do the work of finding legit faucets.
But, there’s a finite number of faucets any one person has time for. Pick and choose your battles by focusing on faucets that pay well and are joy. If you don’t like a faucet, stir on to another.
Bitcoin CAPTCHA Tips
CAPTCHA systems (attempt to) zekering bots from using Bitcoin faucets. Some use text humans can discern, but computers find difficult. One of those systems is ReCAPTCHA, which is operated by Google.
Peak for ReCAPCTHA: Loom ter to Google on the browser you are doing your faucets te. That plays an unspecified role ter Google’s algorithms for determining whether you’re human. When I’m logged te to Google, oftentimes I don’t have to click through a ReCAPTCHA at all.
Peak: If your faucet offers a choice ter CAPTCHA systems, proactively choose the one you find easiest.
Peak: Reload a CAPTCHA if it’s too hard or annoying. I skip every Google ReCAPTCHA that requires you to click squares until no matching criteria are left. Those take too long and are an excellent example of engineers designing for a problem instead of the user.
Solve Media is the next most popular CAPTCHA with a mix of advertising movies and text. The movies take too long, and I reload them until I get text. Uncommonly, Solve Media comes under bot attack, and their CAPTCHAs can become illegible. There’s nothing to do but reload until you get one you can read.
There are many other CAPTCHA systems, too, and some faucets even use more than one. Don’t lets difficult or annoying CAPTCHAs get the best of you. Abandon faucets that make it too hard for you to use them!
The Best Bitcoin Faucets
Here’s a cheat sheet of my dearest faucets I use when I’m brief on time.
FreeBitco.te: This is the king of faucets. They offerande prize points, free lottery tickets, and they pay rente on your balance (above 30,000 satoshis). They also suggest gambling games I toevluchthaven’t tested.
Here’s one of my (third tier prize) rolls on FreeBitco.te on April 4th, 2018, when Bitcoin wasgoed around $1,100.
FreeDoge.co.te: It’s the sister webpagina to FreeBitco.te and works the same way. They don’t have the prizes, lottery, or rente.
MoonBitco.te: This faucet (and its sister sites MoonDoge.co.te and MoonLiteco.ter) is unique ter that it adds 1 satoshi to its payout every few seconds. The longer you wait inbetween collections, the fatter the payout. There’s also a loyalty verzekeringspremie for daily visits, and a mystery premie, both of which can significantly increase your payouts. This is consistently one of the highest paying faucets out there.
BitGames.io: This faucet pays very well. BitGames.io has also become my dearest task webpagina. Witness movies, visit sites, pack out surveys, download apps, etc., all ter exchange for satoshis. Make sure to confirm your email when you register or you can’t withdraw.
BonusBitcoin: This is the highest-paying 15 minute faucet around. It’s quick with occasional popup/redirects.
I can run through all of those faucets ter less than a minute, and do so across the day. When I have more time, I use the other faucets te my guide.
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A few weeks ago somebody posted an article entitled
“If You Had Bought $100 of Bitcoins ter They Would Be Worth Overheen a Million Dollars Now”.
To which I replied
If I had bought $100 of Bitcoins te they would be worth a few pennies now.
If I had invested ter Bitcoin, the market would automatically have collapsed.
I knew it would toebijten so I didn’t invest.
I didn’t want to do that to you.
So all of you making a killing te Bitcoin have mij to thank.
Gratuities Gladly Accepted.
But…I have a possible out for you: Bitcoin faucets aren’t investments ter that you aren’t buying what you get. Sure, you’re spending your time, but it might be a good enough loophole for you not to doom us all…
One consideration of which I wasgoed not aware until recently wasgoed the question of fees and processing time. A Bitcoin “transaction” (payment from one wallet address to another) lists all the inputs that are involved, spil well spil the output: inputs are all the transactions from which you received any of the satoshis you are sending, and the output is where you are sending them. A large-value transaction to spend what you’ve earned from many lil’ faucet payouts will have dozens of inputs, I recently attempted to spend about 0.Two BTC, and the transaction wasgoed overheen Eighteen kB! (A minimal, one-input transaction is a hundred-something bytes.)
The problem is that, with congestion te the blockchain during periods of high activity, you have to link a significant toverfee to your transaction ter order to entice “miners” to confirm it so that the transaction goes through with reasonable priority. The wallet software I wasgoed using fastened a toverfee of about Ten satoshi vanaf byte, which wasgoed ridiculously low (https://bitcoinfees.21.co is presently recommending 360 satoshi vanaf byte for quick confirmation!), and I waited three weeks for the transaction to go through! There is no way to cancel the transaction (without significant hacking to “fake” a double-spend fraud), there is no way to tell when it will go through, there is usually no way to boost the toverfee after the fact to expedite confirmation, and spil far spil I am aware there is no assure that it will _ever_ go through, and while the transaction sits there unconfirmed (ter the mempool, spil they say) its value is of no use to anyone – not the sender, not the recipient.
That wasgoed a 1% toverfee on the value of the transaction, I recently did another with a toverfee of 375 satoshi vanaf byte, which wasgoed almost 10% of the value of the transaction, and it still took three days! If, like mij, you have obtained most or all of your Bitcoin from faucets, and you are using your own software wallet so spil not to trust an online wallet held by a company that might get cracked or go belly-up (Mt. Gox, anyone?), then be ready either to spend a lotsbestemming to actually use your satoshi, or wait an indeterminate time to do so, or both. Brian, you say you use an online wallet. I _think_ that this should solve the problem of large numbers of transaction inputs (i.e., large transaction size ter bytes, and thus large fees) because the online company will absorb all the faucet payouts and send your value from a single input, is that juist? How does your online wallet figure fees when you spend your Bitcoin, and do you pay the fees or does the company voorkant them?
I have not had this problem with Litecoin or Dogecoin, for my Bitcoin faucets, I’m thinking that spil an intermediate step I will take advantage of FreeBitCo.ter’s (interest-bearing) deposit feature by sending other faucets’ payouts there, and then only periodically taking a payout from them to my independent software wallet. I am loath to trust a company that (spil I am mathematically certain, vanaf my comments on your other articles) lies about their “provably fair” spel everzwijn paying above the third-tier prize, but since I will just use it spil a buffer the value at risk at any time will be minimal. Certainly less than I’ve lost on some other faucets that went belly-up before paying out!
Some time te the future, the Bitcoin bubble will burst just like the more famous bubbles of yesteryear (Tulips, South Seas, etc.) and it will be just one more te the list of markets that people invested their money without fully understanding what they were investing their money ter.
After all the fancy-shmancy talk of block-chains, decentralized administration, anonymity and whatnot, te the end bitcoins are non-fiat currency. The kleuter of currency that the US and other governments commenced to phase out te the 19th century because they are prone to wild speculative swings, with no one other than unspoiled vensterluik faith ensuring their value, and are thus susceptible to periodic panics that lead to greater economic volatility that cause real hardship to real people. This is the lesson from history that bitcoin advocates want you to not learn or leave behind.
The only people who truly benefit from crypto-currencies are drug dealers, child porn maniacs, malware scammers, money launderers, and other such criminal types.
Excellent Bitcoin faucet
[verbinding eliminated, malware infested – Bryan]