Creating Bitcoin Faucets - Passive Money Maker!
Creating a Bitcoin faucet could be a very profitable small business if done correctly, since the cost is low and the reward is steady, possibly high over time. Let me give you a brief overview how you can do it, and you decide if it's good enough for you.
1) Sign up to FaucetBox
Using Faucet Box is very advantageous since it can be installed very quickly, pretty easily with minimal technical knowledge and the best part it is that you don't even need a full bitcoin client running for it, it's all done online via their API system. They also have:
- Altcoin support
- Cloudfare integration (against DDOS & bots)
- CAPTCHA support
2) Buy a website domain + Hosting
You can buy a website domain with GoDaddy or similar registrars and buy hosting from them in the traditional way, but you can also setup a faucet totally anonymously and with Bitcoin via the following way:
- https://anonymously.io - Webhosting + Domain Name via Bitcoin
- https://ititch.com - Webhosting + Domain Name via Bitcoin
You choose which one you prefer, but it would cost you at least 5$/month + the domain name you rent for X years. The domain name you buy can be relative to your budget, usually .com & .net domain names are the most expensive (up to 500$/year), but if you are low budget you can get some cheap ones for 20$ like .ws & .tk and others, however cheap domain names are disadvantaged on Google. The word "faucet" should be in the domain name in order to get higher ranking in Google searches.
It should cost you about 30-50$ if you are low budget to set it up. But if you want a fancy server with a good domain then it could cost you up to 500$.
3) Configure your website & Install the Faucet
You have to configure your website and install the faucet on it. Now if you are doing this for the first time, you might want to read some tutorials how to setup a website, or watch some Youtube videos about it, and then start installing the Faucet after you know what you are doing.
Go to: https://faucetinabox.com & Install the Faucet
It is a very short and good tutorial how to setup the faucet script. The dependencies should already be installed on the host platform, but if they are not, you need to install them and configure them (it could get complicated, but StackOverflow or Reddit is your friend)
4) Setup Revenue Sources
After you are done, and setup some revenue sources. You will put referral links and advertisements on your website. You can put up Google Adsense, if you want fiat income, but I heard they ban faucet websites quickly, and if you want to stay anonymous, just use Bitcoin revenue IMO.
So there are some choices available for ad banner networks:
...and others, just search on Google for: "
bitcoin banner advertising"You can also add referral links to other websites
- Amazon / Ebay affiliate links, you name it
- Other referral links or products that give you passive income
You should also look into some SEO tips how to get free traffic from Google, I'm no SEO expert, but I heard that it's not wise to have more than 100 links on a website, so make sure your site loads fast and has not too much referral links, or Google will not rank your site well in the searches.
5) Deposit Bitcoins & Advertise your Faucet
After you are done, you should deposit some BTC on your faucet, but not more than 0.02 for starters, and make sure your bot filters are good, because if not then bots will drain it quickly.
Then make your faucet known to the world, you should post in on Bitcointalk, in the mini-earnings section for free, and promote it there.
You can also pay some cheap BTC Traffic Exchange ads, and do arbitrage between that you spend to promote your faucet, and what you earn from the revenue generators on your website. Cheap ones are:
- http://btcclicks.com
- http://btcvic.com
- https://clickforbtc.com/?x=advertise
- http://bitter.io
- https://coinurl.com
- http://ads4btc.com/?x=advertise
- http://bitptc.com
- and so on....
You should also add your faucet to the Faucetbox List to get traffic from there: https://faucetbox.com/en/list/BTC
6) Sit Back & Earn Money
After everything is setup, start up your faucet, and let the visitors come in and make you money. It is the ultimate passive income source, setting up a website that generates money for you. After the fauceters empty your balance, you should make sure you earn it back in ads and sales, with profit of course, and fill up the faucet frequently.
The profit margin should be high, although ads pay small income, but combined with some good referral links, it should be a profitable business. It depends how good you are and how competitive you can stay. There are a lot of faucets out there, so it won't be easy at first to get recognized.
Some guys I have chatted with say that a profit of 50$/month is doable, and some people have 10-20 faucets, so it could be up to 1000$/month. So the initial costs of 30$ + 0.02 BTC deposit, could be refunded in 1 month of operation if you do it well enough.
I am also planning to set up some faucets in the near future, and I will share my experience with you.
BONUS
You can also add a Steemit banner to your faucet and redirect fauceters here to sign up to Steemit. It would be an easy way to get new users to sign up to Steemit, and it would be a charitable thing you can do for this Community!
Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational purposes.
Upvote, ReSteem & 
This is a very good page, I recommend them. You can put your limits and also have a very long list of faucet.
I found it incredibly difficult to cover the expenses for funding the faucet with monetization. For the first few months, you will be at a heavy loss but if you are lucky and gain enough traffic, advertisers will want to partner and you'll be lucky to cover the cost for funding, hosting technically a bonus.
Domain names, I agree, my regular domain name, techiskey.tk doesn't quite get as many page views as the brief time I used a .com domain.
Do you run a faucet? I am tempted to continue my faucet review series.
No, but I know somebody who does, and he is very profitable. He started out in 2014, and has over 20 faucets, linking to eachother. He uses Adsense (luckily he didnt got banned) + other bitcoin revenue sites.
But the key is to combine income sources, and make the faucet payout low. You dont have to give out a lot to faucet users, only as much so that they come back.
Referral links on faucets would be a minimum.
This is just my opinion, maybe it can inspire you!
Thank you for your ideas! I followed your blog and I love your posts!
Interesting post. I always wondered what people were doing to create these.
Yes it's a profitable business for the faucet owner.
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Well faucetbox its about to close their services, and there are others options to keep with the script and just change the api keys, but this guide its amazing, but remember not all faucets does make money, this is a two side partnership, you and network ads and your costumers support.
Really? That is sad to hear, I just wanted to setup a few faucets with them, I guess I have to use another service.
Just now they shut down when the most people are joining us, and the demand for faucets is going up.
Thanks for the article. It is sad to hear they are closing. I've posted the news in this article.
I had always wondered how they were profitable and have been researching it more as of late. I just came across this post now and have been recently using a lot of the faucets on https://faucethub.io and was wondering about the faucet creation side and then after researching it more I'm realizing some sites are also using the www.coinhive.com Java Miner to allow users to mine and give them more of a kick back. The coinhive.com mining makes me think of how much that'll be integrated into everything down the road as a form of micropayment, while you watch a 10 min video online you allow part of your cpu to be used for the curator as a form of micropayment and then can skip ads. I think this will be what happens down the road with most streaming media.