Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,776,955 members, 6,616,203 topics. Date: Saturday, 04 December 2021 at 11:36 AM

Intoduction To Cryptocurrency Faucets. - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Intoduction To Cryptocurrency Faucets. (2034 Views)

Faucets In A File. / Love To Earn Big From Bitcoin Faucets? / Free Bitcoins And Altcoins Through Faucets (2) (3) (4)

(1) (Reply) (Go Down)

Intoduction To Cryptocurrency Faucets. by snakepliskin142: 4:14pm On Feb 26, 2018
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.

The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person.

Rewards are dispensed at various predetermined intervals of time, as rewards for completing simple tasks such as captcha completion and as prizes from simple games like the bitcoin fidget spinner. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin. Typical payout per transaction is less than 1000 satoshi, although some faucets also have random larger rewards. To reduce mining fees, faucets normally save up these small individual payments in their own ledgers, which then add up to make a larger payment that is sent to a user's bitcoin address.

Purpose

To introduce users to cryptocurrency: Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line.

[i]To get traffic:[/i]Faucets are high traffic websites. It is not all that difficult to get a huge number of page views per day to a site which is giving away free money. If a website has other content or services to promote to Bitcoin users, especially new users, a faucet is a great way to bring them to make them familiar with a brand name.

[i]To make money:[/i]Making a healthy profit from a faucet site on its own is a lot harder than just making a popular faucet, but it is still possible. There are a lot of these sites around today, so it's a very competitive market, and earning enough from advertising to cover the cost of the coins you are giving away and hosting costs is nearly impossible.

I hope this has been informative, I will be making a posts later today on some legit faucet websites with proof of payments.

thank you.

Re: Intoduction To Cryptocurrency Faucets. by midworld: 4:55pm On Feb 26, 2018
Good one bro. Following

1 Like

Re: Intoduction To Cryptocurrency Faucets. by pessotto(m): 5:39pm On Feb 26, 2018
I'm keen as well.
Thx.
Re: Intoduction To Cryptocurrency Faucets. by SimonJones87EsJ: 8:32am On Nov 25, 2020
Where can I find more info?
Re: Intoduction To Cryptocurrency Faucets. by TellMeTheTruth(m): 11:36pm On Dec 02, 2020
MollyClarkson:

Why didn’t anyone tell me about this some months ago?!

Better late than never
Re: Intoduction To Cryptocurrency Faucets. by segunflavour1: 4:16am On Dec 03, 2020
Pls am interested, I want to invest in like 2 different coins that will grow in like 4 to 5 years to come, I need a suggestion on the coin I should buy. Thanks, my WhatsApp is +2348140357385
Re: Intoduction To Cryptocurrency Faucets. by blessStar(m): 9:44am On Dec 05, 2020
segunflavour1:
Pls am interested, I want to invest in like 2 different coins that will grow in like 4 to 5 years to come, I need a suggestion on the coin I should buy. Thanks, my WhatsApp is +2348140357385

hello segunflavour 1 sent you a mail
Re: Intoduction To Cryptocurrency Faucets. by save4live: 8:32pm On Jan 07
Nice one mate. You could check here too for more faucet ideas https://www.nairaland.com/4203212/free-bitcoins-altcoins-through-faucets
Re: Intoduction To Cryptocurrency Faucets. by smartking1: 11:41pm On Jan 07
[b]Forex Money making machine[/b

Re: Intoduction To Cryptocurrency Faucets. by firfinch(m): 12:12am On Jan 08
If you can afford 15k I can show you how to get $2 daily.

Enter this link to your web browser to chat me on WhatsApp
/pz5rmw
Re: Intoduction To Cryptocurrency Faucets. by Jacob1234: 12:45pm On Aug 24
Hey! In fact, crypto faucets are an incredibly useful thing with which you can really get your first bitcoin absolutely for free and by completing simple tasks. I advise you to take a closer look at these crypto faucets
Yes, the rewards for the tasks are really small, but you need to complete very easy, and often even interesting tasks, which you can complete even 100 pieces per day, so if you actively use crypto faucets, after a while you can accumulate a large amount of BTC.
Re: Intoduction To Cryptocurrency Faucets. by Krch: 6:41pm On Aug 24
Nice

(1) (Reply)

18 & 24 Carat Gold For Sale In Different Designs And Weights / Setting Up Of A Cooking Gas Filling Station / Yougov

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.