What is a "bitcoin faucet"?
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What is a "bitcoin faucet"?
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https://bitcoinmagazine.com/18137/bi...ts-in-trouble/Quote:
Dismissed by many for the tiny amounts of bitcoin they give to end users, these faucets still have served an important entry gateway into bitcoin for a number of years now, enabling people to get their hands on their first bitcoin. I think the first thing that people find out is that there are easier ways to get their first bitcoins. But as many people are exposed to new brands and service, whether good, bad or shady, a number of these users will go on to buy or trade bitcoins on exchanges, buy mining hardware to generate bitcoin themselves. or invest in cloud mining services.
Users visit the sites, usually plastered with advertising, and fill in a captcha and their bitcoin wallet address. A small amount (anything from 10-500 satoshi) is then transferred into an associated micro wallet, and the visitor needs to wait for a specified cool-down period from five to 240 minutes before being able to repeat the process. People then can systematically do this across several sites using the same micro wallet, which builds up. Once they pass the bitcoin network’s 5430 minimum payment threshold , a payment is queued to be sent to a large batch of users on a set frequency.
Bitcoin Faucet are websites on the internet were you can get a certain amount of free bitcoins per a certain time period (for example: 1000 satoshi every 60 minutes) after solving a captcha. A captcha is a question or simple puzzle that you have to complete before getting free bitcoins and that is used to prove that you are not a bot. Those are usually very easy questions or short words or phrases that you have to enter to "solve" a captcha.Quote:
Originally Posted by Neuro
I use a lot of bitcoin faucets to get free bitcoin but some of the best ones (IMO) are the following:
1. Freebitco
2. Bitcoin Zebra
3. Moon Bitcoin
4. Bitcoinker
Those above 4 are some of the highest bitcoin payouts typically between 750 to as much as 10,000 an hour. There are many other smaller bitcoin faucets that I use but those are the 4 best ones on the internet if one just wanted to use faucets to earn bitcoin on the internet. Earning bitcoins from intenet faucets is, IMO, is the east way to get and build up a bitcoin savings with out having to exchange FRNs for BTC through Coinbase especially when you are on the computer anyway doing something else.
FaucetBox is the main microwallet that I use storing bitcoin earnings from the smaller faucets.Quote:
Originally Posted by Horn
I wanted to add that there are internet faucets for Litcoin, DOGEcoin and DASH to name a few alto coins and the payouts on those will vary.
I added up my bitcoin earnings for July 4, 2015. I earned a bitcoin total of 131,046 satoshis (0.00131046 BTC). What I earned in one day would have took a week to earn a year ago. Now I will see how much I can earn on July 5, 2015 (Sunday).
So at todays rate you value your hour at 0.25 cents if BTC is at $250 and you get 1000 Satoshis for one hour of your time? You wouldn't even earn a full bitcoin if you spent every hour in a day for a year doing this...Quote:
Originally Posted by 1970 silver art
Keep in mind that I am on the computer anyway (usually listening to internet radio while browsing web sites and forums such as GSUS) so earning bitcoin on the faucets is not a big deal to me and it is easy to do. I am not going out of my way doing this. I used a rate of 1000 satoshis/hour as an example, I earn a lot more than that in an hour depending on what I do and how many faucets I decide to do (also depending if I am at work in which case I am not at home on my home computer earning BTC). I was on the computer most of the time today since it was raining all day outside where I live and I do not go to work today being that it is a July 4 holiday. I am not concerned about earning a full bitcoin in a certain period of time doing this. If I do (by hitting a large faucet jackpot for example), then great. If not, then that's fine too.Quote:
Originally Posted by Neuro
That is around 30 cents FRN...Quote:
Originally Posted by 1970 silver art
Actually 34 cents but who's counting since BTC price is above 250 at last check ($262.10 to be exact on Coindesk at last check)? Well I guess that I am. :) As I have mentioned in my previous post, I am not going out of my way nor is it cramping my lifestyle earning BTC on the faucets. Even if the BTC internet faucets did not exist, I would still be on the computer doing the same things that I am doing now (posting on gold and silver forums, listening to internet radio, browsing web sites etc.). The only difference now is that I am earning BTC while doing the things on my computer that I normally do.Quote:
Originally Posted by Neuro