How to Make Money from Bitcoin Faucets – The Mac Observer

How to Make Money from Bitcoin Faucets

Sep 5th, two thousand seventeen Three:55 PM EDT | Deep Dive

If you’re reading this, you want to know how to make money from Bitcoin faucets. I’ve been 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 9/Five/2017: Updated the Bitcoin graph, updated the section on Bitcoin wallets. Updated the section on my beloved faucets. – Bryan]

Originally published June 15th, 2017

What Is a Bitcoin Faucet

Bitcoin faucets pay out a few satoshis when you blast a page total of ads, roll a random number generator (on a page total of ads), or play some other game (on a page total of ads). 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 per 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 in Bitcoin’s longterm viability, but that’s subjective.

That’s what makes Bitcoin faucets so appealing to me. 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 in the graph.

Lifetime Bitcoin Chart September 5th, 2017

Bitcoin Wallet

All Bitcoin faucets require a Bitcoin address, and for that, you’ll need a Bitcoin wallet. I’ve personally used Blockchain.info‘s wallet, a cloud-based wallet. Xxx cryptocurrency enthusiasts only trust wallets they run on their own computer or smartphone, but I’ve personally been blessed with Blockchain.info. Blockchain recently added support for Ethereum, too.

Coinbase is also a popular cloud wallet (and exchange), and it supports Bitcoin, Ethereum, and Litecoin. Bitcoin Cash support is coming in January, according to the company.

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 constant in dollars. This is why you’ll see payouts on some faucets rise and fall across the day. FreeBitco.in exemplifies this model.

Some faucets—like those that use microwallets such as FaucetHub.io—pay out from wallets pre-filled by their operators. Most of these display the faucet balance right on the page.

Bitcoin Faucet Pro Peak

Here’s a pro 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 again. There’s no ensure that will proceed, but I’m an optimist.

Interest in 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.

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, not 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 faucets you’ll have 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 stop 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. It deep-throats. I get false positives and negatives all the time. ReCAPCTHA is inaccurate and requires more and more clicks as time goes on.

If your faucet offers a choice in CAPTCHA systems, proactively choose the one you find easiest wherever you can.

Another peak is to reload a CAPTCHA if it’s too hard or annoying. I skip every Google CAPTCHA that requires you to click squares until no matching criteria are left. Those take too damned 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, their CAPTCHAs can become illegible. There’s nothing to do but reload until you get one you can read.

My Beloved Bitcoin Faucets

Here’s a cheat sheet of my dearest faucets I use when I’m brief on time. Note that some of these faucets suggest gambling games I’m neither testing nor promoting.

FreeBitco.in: This is the king of faucets. They suggest prize points, free lottery tickets, and they pay interest on your balance (above 30,000 satoshis). This faucet has gambling games I’m neither testing nor promoting.

Here’s one of my (third tier prize) rolls on FreeBitco.in on April 4th, 2017, when Bitcoin was at around $1,100.

FreeDoge.co.in: It’s the sister site to FreeBitco.in and works the same way. They don’t have the prizes, lottery, or interest.

BitGames.io: This faucet pays very well. BitGames.io has also become my fresh beloved task site. Witness movies, visit sites, pack out surveys, download apps, etc. Make sure to confirm your email when you register or you can’t withdraw.

MoonBitco.in: This faucet (and its MoonDoge.co.in sister) is unique in that it adds one satoshi to its payout every few seconds. The longer you wait inbetween collections, the fatter the payout. There’s also a loyalty bonus for daily visits, and a mystery bonus, both of which can significantly increase your payouts.

BonusBitcoin: This is the highest-paying fifteen minute faucet around. It’s quick with occasional popup/redirects.

MultiCoin Faucet: This site has faucets for Bitcoin and Ethereum (you’ll need both to register), and you can roll two faucets for each coin. There’s a free “Roll Dice” faucet and a free “Faucet” under the “Earn” menu for both cryptocurrencies. Plus, their CAPCTHA is swift. [Update 9/Five/2017: payments have been slow, but proceed to be made. – Bryan]

SwissAdsPaysFaucet: Its minimum payout is presently fifty five satoshis, the highest of the hourly faucets. [Update 9/Five/2017: payments have been slow, but proceed to be made. – Bryan]

Share this:

You might also like…

A few weeks ago somebody posted an article entitled

“If You Had Bought $100 of Bitcoins in They Would Be Worth Over a Million Dollars Now”.

To which I replied

If I had bought $100 of Bitcoins in they would be worth a few pennies now.

If I had invested in Bitcoin, the market would automatically have collapsed.

I knew it would happen so I didn’t invest.

I didn’t want to do that to you.

So all of you making a killing in Bitcoin have me to thank.

Gratuities Gladly Accepted.

But…I have a possible out for you: Bitcoin faucets aren’t investments in 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 was not aware until recently was the question of fees and processing time. A Bitcoin “transaction” (payment from one wallet address to another) lists all the inputs that are involved, as well as 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 little faucet payouts will have dozens of inputs; I recently attempted to spend about 0.Two BTC, and the transaction was over eighteen kB! (A minimal, one-input transaction is a hundred-something bytes.)

The problem is that, with congestion in the blockchain during periods of high activity, you have to link a significant fee to your transaction in order to entice “miners” to confirm it so that the transaction goes through with reasonable priority. The wallet software I was using affixed a fee of about ten satoshi per byte, which was ridiculously low (https://bitcoinfees.21.co is presently recommending three hundred sixty satoshi per 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 fee after the fact to expedite confirmation, and as far as I am aware there is no ensure that it will _ever_ go through; and while the transaction sits there unconfirmed (in the mempool, as they say) its value is of no use to anyone — not the sender, not the recipient.

That was a 1% fee on the value of the transaction; I recently did another with a fee of three hundred seventy five satoshi per byte, which was almost 10% of the value of the transaction, and it still took three days! If, like me, you have obtained most or all of your Bitcoin from faucets, and you are using your own software wallet so as 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 lot 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 in 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 correct? How does your online wallet figure fees when you spend your Bitcoin, and do you pay the fees or does the company cover them?

I have not had this problem with Litecoin or Dogecoin; for my Bitcoin faucets, I’m thinking that as an intermediate step I will take advantage of FreeBitCo.in’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 (as I am mathematically certain, per my comments on your other articles) lies about their “provably fair” game ever paying above the third-tier prize, but since I will just use it as 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 in 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 in the list of markets that people invested their money without fully understanding what they were investing their money in.

After all the fancy-shmancy talk of block-chains, decentralized administration, anonymity and whatnot, in the end bitcoins are non-fiat currency. The kind of currency that the US and other governments began to phase out in the 19th century because they are prone to wild speculative swings, with no one other than unspoiled blind 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

[link eliminated, malware infested – Bryan]

How to Make Money from Bitcoin Faucets – The Mac Observer

How to Make Money from Bitcoin Faucets

Sep 5th, two thousand seventeen Trio:55 PM EDT | Deep Dive

If you’re reading this, you want to know how to make money from Bitcoin faucets. I’ve been 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 9/Five/2017: Updated the Bitcoin graph, updated the section on Bitcoin wallets. Updated the section on my dearest faucets. – Bryan]

Originally published June 15th, 2017

What Is a Bitcoin Faucet

Bitcoin faucets pay out a few satoshis when you stream a page total of ads, roll a random number generator (on a page total of ads), or play some other game (on a page total of ads). Bitcoin faucets won’t make you rich, but they’re a good 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 per use. What’s worth a fraction of a penny today will be worth more tomorrow—if Bitcoin rises. Will Bitcoin rise? Most likely. It could also crash. I’m a believer in Bitcoin’s longterm viability, but that’s subjective.

That’s what makes Bitcoin faucets so appealing to me. 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 in the graph.

Lifetime Bitcoin Chart September 5th, 2017

Bitcoin Wallet

All Bitcoin faucets require a Bitcoin address, and for that, you’ll need a Bitcoin wallet. I’ve personally used Blockchain.info‘s wallet, a cloud-based wallet. Xxx cryptocurrency enthusiasts only trust wallets they run on their own computer or smartphone, but I’ve personally been glad with Blockchain.info. Blockchain recently added support for Ethereum, too.

Coinbase is also a popular cloud wallet (and exchange), and it supports Bitcoin, Ethereum, and Litecoin. Bitcoin Cash support is coming in January, according to the company.

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 constant in dollars. This is why you’ll see payouts on some faucets rise and fall across the day. FreeBitco.in exemplifies this model.

Some faucets—like those that use microwallets such as FaucetHub.io—pay out from wallets pre-filled by their operators. Most of these display the faucet balance right on the page.

Bitcoin Faucet Pro Peak

Here’s a pro 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 again. There’s no ensure that will proceed, but I’m an optimist.

Interest in 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.

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, not 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 faucets you’ll have time for. Pick and choose your battles by focusing on faucets that pay well and are joy. If you don’t like a faucet, budge on to another.

Bitcoin CAPTCHA Tips

CAPTCHA systems stop 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. It deep-throats. I get false positives and negatives all the time. ReCAPCTHA is inaccurate and requires more and more clicks as time goes on.

If your faucet offers a choice in CAPTCHA systems, proactively choose the one you find easiest wherever you can.

Another peak is to reload a CAPTCHA if it’s too hard or annoying. I skip every Google CAPTCHA that requires you to click squares until no matching criteria are left. Those take too damned 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. Infrequently, Solve Media comes under bot attack, their CAPTCHAs can become illegible. There’s nothing to do but reload until you get one you can read.

My Dearest Bitcoin Faucets

Here’s a cheat sheet of my dearest faucets I use when I’m brief on time. Note that some of these faucets suggest gambling games I’m neither testing nor promoting.

FreeBitco.in: This is the king of faucets. They suggest prize points, free lottery tickets, and they pay interest on your balance (above 30,000 satoshis). This faucet has gambling games I’m neither testing nor promoting.

Here’s one of my (third tier prize) rolls on FreeBitco.in on April 4th, 2017, when Bitcoin was at around $1,100.

FreeDoge.co.in: It’s the sister site to FreeBitco.in and works the same way. They don’t have the prizes, lottery, or interest.

BitGames.io: This faucet pays very well. BitGames.io has also become my fresh dearest task site. Observe movies, visit sites, pack out surveys, download apps, etc. Make sure to confirm your email when you register or you can’t withdraw.

MoonBitco.in: This faucet (and its MoonDoge.co.in sister) is unique in that it adds one satoshi to its payout every few seconds. The longer you wait inbetween collections, the thicker the payout. There’s also a loyalty bonus for daily visits, and a mystery bonus, both of which can significantly increase your payouts.

BonusBitcoin: This is the highest-paying fifteen minute faucet around. It’s rapid with occasional popup/redirects.

MultiCoin Faucet: This site has faucets for Bitcoin and Ethereum (you’ll need both to register), and you can roll two faucets for each coin. There’s a free “Roll Dice” faucet and a free “Faucet” under the “Earn” menu for both cryptocurrencies. Plus, their CAPCTHA is quick. [Update 9/Five/2017: payments have been slow, but proceed to be made. – Bryan]

SwissAdsPaysFaucet: Its minimum payout is presently fifty five satoshis, the highest of the hourly faucets. [Update 9/Five/2017: payments have been slow, but proceed to be made. – Bryan]

Share this:

You might also like…

A few weeks ago somebody posted an article entitled

“If You Had Bought $100 of Bitcoins in They Would Be Worth Over a Million Dollars Now”.

To which I replied

If I had bought $100 of Bitcoins in they would be worth a few pennies now.

If I had invested in Bitcoin, the market would automatically have collapsed.

I knew it would happen so I didn’t invest.

I didn’t want to do that to you.

So all of you making a killing in Bitcoin have me to thank.

Gratuities Gladly Accepted.

But…I have a possible out for you: Bitcoin faucets aren’t investments in 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 was not aware until recently was the question of fees and processing time. A Bitcoin “transaction” (payment from one wallet address to another) lists all the inputs that are involved, as well as 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 was over eighteen kB! (A minimal, one-input transaction is a hundred-something bytes.)

The problem is that, with congestion in the blockchain during periods of high activity, you have to link a significant fee to your transaction in order to entice “miners” to confirm it so that the transaction goes through with reasonable priority. The wallet software I was using linked a fee of about ten satoshi per byte, which was ridiculously low (https://bitcoinfees.21.co is presently recommending three hundred sixty satoshi per 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 fee after the fact to expedite confirmation, and as far as I am aware there is no assure that it will _ever_ go through; and while the transaction sits there unconfirmed (in the mempool, as they say) its value is of no use to anyone — not the sender, not the recipient.

That was a 1% fee on the value of the transaction; I recently did another with a fee of three hundred seventy five satoshi per byte, which was almost 10% of the value of the transaction, and it still took three days! If, like me, you have obtained most or all of your Bitcoin from faucets, and you are using your own software wallet so as 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 lot 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 in 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 correct? How does your online wallet figure fees when you spend your Bitcoin, and do you pay the fees or does the company cover them?

I have not had this problem with Litecoin or Dogecoin; for my Bitcoin faucets, I’m thinking that as an intermediate step I will take advantage of FreeBitCo.in’s (interest-bearing) deposit feature by sending other faucets’ payouts there, and then only from time to time taking a payout from them to my independent software wallet. I am loath to trust a company that (as I am mathematically certain, per my comments on your other articles) lies about their “provably fair” game ever paying above the third-tier prize, but since I will just use it as 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 in 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 in the list of markets that people invested their money without fully understanding what they were investing their money in.

After all the fancy-shmancy talk of block-chains, decentralized administration, anonymity and whatnot, in the end bitcoins are non-fiat currency. The kind of currency that the US and other governments commenced to phase out in the 19th century because they are prone to wild speculative swings, with no one other than unspoiled blind faith assuring 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 indeed benefit from crypto-currencies are drug dealers, child porn maniacs, malware scammers, money launderers, and other such criminal types.

Excellent Bitcoin faucet

[link liquidated, malware infested – Bryan]

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