What are Bitcoin faucets?
Usually soon after you are given your coins, you need to wait a certain amount of your time before you can ask for another batch. The original Bitcoin faucet was managed by Gavin Andresen, The Bitcoin Foundation's primary scientist. It commenced out around late 2010, and it offered visitors five Bitcoins for free. Back then, each Bitcoin was valued something like $0.08. The whole idea was to spread the word about the world's very first crypto currency.
How Folks Make Money from Bitcoin faucets
One may be asking yourself why people give away free Bitcoins. Well, there might be two answers for that:
They are attempting to teach people about Bitcoin.
They are somehow making money from it.
Obviously, you can most likely guess that # 2 is the main reason people developed faucets. Just so you'll get an idea of how big the faucet industry is, almost 50% of the leading Bitcoin websites today in regards to traffic are faucets.
But the question remains: How can you make money online from these faucets? Well, most of these web pages have an over-bearing amount of advertisements placed throughout them. Some deceiving faucets even put their promotions in places which will get you to accidentally click the ad instead of the "claim bitcoins" button.
So this business model of these faucets is introducing cheap traffic in and having them to click on ads. But where do they get their "low-cost" traffic from?
From a referral system.
Faucets will let you make a percentage of the Bitcoins they give away to visitors you brought in. This method is so successful that it's the fundamental traffic source for most faucets and it also developed a new type of site-- The Bitcoin faucet rotator.
A rotator site is a website that makes it possible for you to quickly surf through different faucets without opening a new site or tab each time. The links to each faucet inside the rotator are referral links, and the rotator owner earns a commission from each faucet anyone visit through it as well.
At this point, you may be feeling, "Hey I can make tons of money by visiting faucets!" Well, I'm sorry to break your bubble but attempting to get rich out of visiting faucets isn't a practical option. You 'd probably just be throwing away your time going from website to website winding up with no more than a few bucks after hours of work.
Despite the fact that you sit at your pc 24 hours a day, claims a new batch of coins every 30 seconds and manage to find only faucets that are paying 10,000 Satoshis (which practically don't exist), you would still only be making 0.0024 Bitcoins a day. At today's exchange rate, that equals 70 cents.
Another thought that may pass your mind is, "So maybe I can make a great deal of money by creating a faucet!" Well, this may be true, but you're most likely to need A LOT of website traffic in order to generate substantial revenue.
1. BTC Click
Earn up to 0.00221 mBTC per click
Earn up to 0.00177 mBTC per affiliate/referral click
Minimum payout is 0.10000 mBTC
Affiliate/referral program with a 40% to 80% commission!
Premium membership costs 2.59200 mBTC/3 months and earn x2 your earnings.
Payout - On Request
Payout Method - Direct Bitcoin Walle
2. Free Bitcoin
Earn up to 0.00221฿per Visit
Minimum payout is 0.00010฿
Maximum Claim per visit - 1.000฿
Affiliate/referral program with a 50% commission!
Payout - Weekly
Payout Method - Direct Bitcoin Wallet
3. Moon Bitcoin
Earn Every 5 min to 0.000002฿ per Visit
Minimum payout is 0.000055฿
Maximum Claim per visit - 0.00005฿
Affiliate/referral program with a 50% commission!
Payout - Instant
Payout Method - Direct Bitcoin Wallet and Xapo Wallet
4. SwissAdsPays Faucet
Earn Every 1 hour to 0.0000035฿ per Visit
Minimum payout is 0.000043฿
Maximum Claim per visit - 0.0000500฿
Affiliate/referral program with a 25% commission!
Payout - Reach threshold
Payout Method - Direct Bitcoin Wallet
5. Claim BTC
Earn Every 20 minutes to 0.000002฿ per Visit
Minimum payout is 0.0002฿
Maximum Claim per visit - 0.00003฿
Affiliate/referral program with a 25% commission!
Payout - Reach threshold
Payout Method - Direct Bitcoin Wallet
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