Is it too late to use Crypto Faucets? Week 21 analysis - Getting deeper in the numbers
Sorry for the delay, I was traveling for work on couldnt get to the data and get it analyzed. For the record this is the data for the week ending 3/24/2018
Can you still make money claiming from crytpo faucets? Week 21 of data analysis for my crypto faucet experiment. I started this because of typical fear of missing out,(if only I had started this, 6 months ago, a year ago it could be worth X). This is not your typical faucet post with "check out this faucet" (affiliate link). While these are my affiliate links, you will also see my transparency in reporting.
TL/DR: Lifetime Value: $24.60 (Up $2.73 from Week 20)--- Over 8,200+ claims $21.97 92.35% of earnings are from my actions, 7.65% are from referral claims.
Week 19 - Over 300+ claims for a total of $1.07 84% of earnings are from my actions, 15% $0.16 are from referral claims.
Week 19 Breakdown
| Personal Actions | Value | Referrals | Value |
|---|---|---|---|
| Faucet claims: | $0.77 | Referrals claims: 47 | $0.16 |
| Daily Bonus: 7 | $0.03 | ||
| Offers Completed: 0 | $0.00 | ||
| CoinPot Mining | $0 |
Claims Claims and more Claims
Another Down week for me, the crypto slump is killer
Here is a quick breakdown by coins and value for the week
| Coin | Amt Claimed | Value |
|---|---|---|
| BTC | .00007094 | $0.60 |
| BCH | .00005017 | $0.05 |
| Dash | .00014978 | $0.06 |
| Doge | 22.05 | $0.08 |
| LTC | .00056861 | $0.09 |
There are 9 faucets I am using for this experiment, I only plan on adding more if CoinPot does. Honestly at this point it is hard to keep up with them all to maximize returns. Plus I start traveling for work, and I doubt airports and plane rides are conductive to reCaptcha.
MoonBitCoin
MoonDash
MoonLiteCoin
MoonDogeCoin
Bonus Bit Coin
BitFun
Freebitco.in
Satoshihero
PrimeDice
Lifetime Claim Data *(slight variance to total holdings due to missing claims in coinpot data)
| Currency | Faucet Claims | Total Currency |
|---|---|---|
| BTC | Bonus Bitcoin Faucet Claim | .00057326 |
| BTC | Bonus Bitcoin Daily Bonus | .00007804 |
| BTC | FreeBitco.in Faucet. | .00037022 |
| BTC | FreeBitco.in Hi/Lo | (.00026773) *see below |
| BTC | BitFun Faucet | .00035632 |
| BTC | MoonBitCoin Faucet | .00043392 |
| BTC | Satoshi Hero | .00009998 |
| LTC | MoonLitecoin Faucet | .01712268 |
| Dash | Moon Dash | .00314354 |
| Doge | Moon Dogecoin | 628.14 |
| BCH | Moon BCH | .00067117 |
| Offers | ||
| BTC | MoonBitCoin | .00008680 |
| BTC | Bonus Bitcoin | .00000080 |
| BTC | BitFun | .00001190 |
| Referrals | ||
| BTC | FreeBitco.in Referral | .00005690 |
| BTC | BitFun | .00006898 |
| BTC | Moon Bitcoin | .00008237 |
| BTC | Satoshi Hero | .00000466 |
| Mining | ||
| BCH | CoinPot Mining | .00002656 |
| LTC | CoinPot Mining | .00005574 |
| DASH | CoinPot Mning | .00019045 |
* Loses include HI/LO and bonuses.
Is it too late? Removing price volatility.
The graph below tries to remove the price volatility from my faucet claims results by using a static prices based on the price of the first day I started to claim from that faucet. At this rate I will be back to even. Yes you can make money but I will HODL until these either go bust or Moon.... Still hoping to clear $100 USD in the year. Not looking great.
Upcoming
Give me feedback below, if you actually read this. If I don't get any engagement I may consider no longer posting these updates. I will be adding a new facuet next week, because why not?
I've been wondering about faucets lately myself.
I'm really not at all sure how they work or how to participate.
At my level (around $150 USD transfered to crypto), every bit makes a difference. I've gotten something like eight airdrops from new post-ICO tokens on the ERC20 protocol and I'm "mining" ETN on my phone, all of which provide a very small stream of income and diversification. So from your post I'm thinking a few faucets would be a good idea for me.
Also, as much as we've talked lately I just noticed that I haven't been following you. That has now changed. Thank you for providing valuable information to my feed :)
Sounds like I need to include a little section about how the faucets work in my posts, thanks for the idea. Nice part about faucets, it only costs your time. For me, I basically since I started this experiment, I have dropped off facebook and reddit. Bascially they will give you free bits of coins to get views on ads, its their marketing expense.
Fb is being phased out of my life fairly quickly. I'm trying to bring my friends over here, but nobody wants to lol
Are there sites to visit for faucets? I'm down to read an explaination post and resteem if applicable.
I posted the 9 faucets links in my post, but challenge accepted I will start drafting my explanation of how they sites work.
Duh. I knew that lol smacks self for dumb question
Coins mentioned in post: