Bitcoin Faucets. Are They Really Viable As Free Options To Earn Money From Internet?
Since Bitcoin gained its prominence among my circle of online friends for about three years now. I cannot help but encounter these platforms that offer FREE Bitcoin in exchange for your time. These are called Bitcoin faucets because you can tap bitcoin just by doing simple tasks,
With Bitcoin's price reaching over $2000 and the current trend where it is going to its ATH (all time high) almost every month it maybe is worth taking a second look. If these companies can indeed provide us a way to earn Bitcoins on our free time or not.
Bitcoin faucets are primarily designed to get people onto specific websites which usually make money through ad revenue. Generally, the higher the amount of traffic a website has, the more ad revenue it can make. This creates a situation where the Bitcoin faucet owner and the faucet participant benefit – the latter get free Satoshi paid into their Bitcoin wallet.
There are a few different types of Bitcoin faucet. Some only require a participant to log onto a website to claim a reward, while others involve very simple games being played before a payout is secured.
Two Main Types Of Bitcoin Faucets.
Playing Games to Earn Bitcoins.
The earning process here can be entertaining and interactive. One example is by Rollin.io where it is just a straightforward higher or lower type of dice game, players just need to input a number and then make a prediction on whether a generated number will be higher or lower.
Most if not all of these platforms provide details of the rules of the game. For you as a player it is very important to fully familiarize yourself and plot a strategy to always be at the advantage side of the game.
There are myriads of game offerings now to earn Bitcoins. Some can be compared to playing casino games like roulette or blackjack, again what is more important is to understand the pros and cons of your betting position as well as the odds of winning.
Just Sign Up And Claim Bitcoins.
By far the easiest way to earn, all you have to do is sign up using your Bitcoin address and start claiming. However most of these sites have limits on how frequent you can claim. Like 99Bitcoins restrict users to claiming 10,000 Satoshis every 5 minutes.
Conclusion.
There are hundreds of Bitcoin faucets available today. And they offer a good way to earn FREE Bitcoins, but only in small quantities.
Make sure to research on reviews and feedback of each owner of the Bitcoin faucet you are about to join. Those that promises rewards that are too good to be true are usually the ones that you must avoid. But there are also those that are trustworthy and have higher success payout rates.
As my conclusion, I could say that earning money using Bitcoin faucets are good if you have extra time and would like to get a hold of few Bitcoins. However this should not be treated as a source of income to provide food on the table.
If you are looking to earn a living/full time income source using internet, this might not be for you. Like real world business you need a start up capital before you can make serious online income. Most if not all free sites are only to give you a foretaste or training of what it is like to make money online but the real income comes with proper, time, money and knowledge invested.
Sharing is Caring!!! I love to hear your thoughts. What is your opinion about Bitcoin faucets? Leave a comment below and resteem.
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@arnel
nice post..... upvoted
Thank you... I appreciate your upvote. Keep it coming. :)
I use freebitco.in and a app for smartphone named Abundance. The payment is coming fine. Freebitco.in also recently started giving a 4.08 interest rate for the bitcoin stored on your account.
I also have a app for Litecoin called Claim Litecoin. However I still haven't received the payment from it.
Nice... thank you for sharing us your experience.
You can earn 100 satoshis if you do that full time, maybe you can buy a piece of gum with that if you are lucky and your candy store is willing to take that as a payment.
100 satoshi may not be such a small amount if bitcoin keeps growing relative to the dollar. A 100X valuation from where it is presently isn't out of the picture.
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Wow! Awesome! I appreciate it, thank you for the award, it encourages us to do more...
[quote author=maxwellg link=topic=687571.msg20927927#msg20927927 date=1502892086]
[quote author="Bitcoin Forum"]
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.
[quote]client bet the opposite way so many times on the long shot, the server was more likely going to give that number given the substantial odds that were in there favor most likely... it's what happens when things aren't truely random... you give a mathmatician, an economist, and a programmer a group of rules that lets them place money anywhere at anytime at any ratio on a stat calc...they can come up with a formula of bets that will pay for their total loss thru inflation before that happens.. that produces profits at a predictable rate..just have to get the sample large enough (1:3) and grow it exponentially with an added function for a small percent of inflation... just enough that when the "unlucky" moment happens, you've made more profit than what your "total loss" is... and give yourself the right odds...they ....but someone comes along with a big enough bank roll, they shut it down... it's not a hack... it's just computer science and math.... Programs need an algorithm to run... and if you play it back, you should get desired results... it's why I was so excited when this was supposed to be truly random... and maybe it is... but you can't just lock out anyone that starts betting a particular pattern...
It was really hard to figure out because of all of the possible combinations of bets and where certain things pop up on the screen that over lap other aspects...along human error and the long run of all of those decimals... idk, I asked mods in chat if there was any problems with me using a mouse tool that a trained by it recording my human actions and then playing it back.. and they say no... but every time i get my mouse click script trained for what I believe to be an infinitely successful loop with inflation... they shut the site down almost immediately
I took my little bit of money and ran before I tested it the last time... I think these stories about whales coming in are somehow originating from their back end as an excuse to withdraw money when the risk is too high.. Not monetary wise... but strategy wise... just saying, the house is always going to win... and I thought with this provable fairness stuff...they'd be putting out legit random numbers... but computers are not capable of being fully "random" ...it's a problem and a decentralized strategy for producing the seed is the answer... I'm new on the technology...but it was my understanding that was the goal... decentralization...yeah?
EDIT: Good on them for getting the site back up so quickly... ^^^^ that's still my theory... but only time will tell if it proves true or not..Best wishes... and good luck ;) [/quote]
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This place is a den of thieves! When a gambler comes in with money, they will let him win at first... but they have the ability to weight the dice... and in the end you will lose.... unless you join their little "marketplace" (it goes down in the chat and dm) ... It's not a place for gamblers to win... It's a place for them to take advantage of gamblers... they make suddle changes to the site to take advantage of "human error" ... and if you do win, and withdraw even less than what is the equivalent of $20 usd... they will shut the site down and make up a bunch of lies regarding why they took it down... It's not fair... They say it's "provably fair" ...but that just means you can verify your bets... It does not mean they don't have the ability to "weight the dice" so to say.... at any time, they keep around 200 nodes online that can be controlled by the site mods on whether to bet "with the house" or "against the house" ... whatever odds you choose to play on their site... they will use their "marketplace" to multiply those odds by 1 in 2xx .....you're not going to win unless they let you...and they will only let you for so long to get you hooked, and then your money will start flowing the other direction...
THE ONLY THING ROLLIN.IO IS GOOD FOR IS PEOPLE WHO HAVE A GAMBLING ADDICTION AND NEED A FREE FIX.... DO NOT PUT YOUR MONEY IN THIS SITE UNLESS YOU ARE A WALLSTREET WOLF. either way... now that you've been warned fair and square... enter at your own risk:
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