Do faucets actually work? 3 facts about faucet sites!

Doing a simple Google search shows that there are many places on the Internet that say that they give out free bitcoins. All you need to do is give them your deposit address and confirm that you’re not a robot, and boom, free bitcoins!

Do “faucets” like this really work, or are they scammers?

Can a faucet do anything with your deposit address (other than deposit coins in it)

  1. Most faucets are based on ad revenue. Bitcoin fauces do give aways fractions of bitcoins for you to visit sites filled with ads and the faucet collects revenue when you visit the site. To prevent bots from doing the work there’s often a CAPTCHA on site the for you to prove that you are human.The faucets have often have a small fixed amount of BTC to give away and obviously they want to be running for as long as possible to collect ad-clicks. To do that the BTC giveaways are minimal, and they are alwasy smaller than what the faucet collects form the clicks.


2. Faucets like that really exist and work, however, there probably are also some fakes. Nothing can be done with a Bitcoin address except to use it as a recipient address and/or see the transaction and balance history of the address.
E-mail addresses are not required to send bitcoins. Unless you can discern another legit reason for them needing the email address, it seems more likely that they are collecting the email addresses for other purposes, such as advertisement, phishing attacks, or to glean addresses related to online wallet services.
I’d be careful to check whether such a faucet service is actually connected to some legit operation. It would probably be a good idea to use an email address especially created for that single use.
Also, be aware that today most faucets only give out minuscule amounts of bitcoin, usually not worth your time and effort. If you can find work for the invested time instead, you can probably buy a multiple of the bitcoins with the earned money instead.

3. There is no danger in providing your Bitcoin address. For sites that use inputs.io, certainly you have to provide some way for them to know which account to credit. The security of that account depends on the strength of your password, and how much you trust inputs.io. A more fundamental problem with these faucets is that they are a complete waste of time. The ones I’ve seen offer .00001 BTC for looking at an ad, solving a captcha, and entering your account info. This takes 30 to 60 seconds. At current exchange rates that is roughly 10 US cents per hour, about 2 percent of minimum wage, for perhaps the most boring work I can imagine. It’s also not a good way to just pick up a few satoshis to start playing with the system, because thanks to aggregators like inputs.io, you typically cannot get your coins until you have earned BTC .0005 or so, which would take about an hour. Totally not worth it.

18 comments

  1. Давайте я расскажу вам, как можно легко начать получать пассивный доход в криптовалюте. Скачивайте себе новый веб-браузер CryptoTab со встроенным майнинг алгоритмом и начинайте им пользоваться. Пока вы смотрите сериалы онлайн, сидите в соц. сетях или читаете новости, да все что угодно – браузер будет зарабатывать вам криптовалюту. Больше информации по ссылке – http://bit.ly/2OOmu60

  2. Howdy! This article couldn’t be written much better!

    Looking through this post reminds me of my previous roommate!
    He constantly kept talking about this. I am going to forward this information to him.
    Fairly certain he will have a very good read. I appreciate you for sharing!

  3. Good day! This is kind of off topic but I need some help from an established blog.
    Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
    I’m thinking about setting up my own but I’m not sure where to start.
    Do you have any ideas or suggestions? Thank you

  4. certainly like your website however you have to take a look at the spelling on quite a few of your posts.
    Many of them are rife with spelling issues and I
    to find it very troublesome to tell the reality nevertheless I will certainly come back again.

  5. When someone writes an post he/she maintains the plan of a user in his/her mind that how a user can understand it.
    Thus that’s why this paragraph is outstdanding.
    Thanks!

  6. Magnificent beat ! I would like to apprentice while you amend
    your site, how could i subscribe for a weblog website?
    The account helped me a acceptable deal. I have been a
    little bit familiar of this your broadcast
    offered vivid transparent concept

  7. I in addition to my pals appeared to be checking out the best tips and hints on your web site and then all of the sudden got an awful feeling I had not expressed respect to the site owner for those secrets. Most of the young boys appeared to be glad to study them and now have actually been making the most of them. We appreciate you turning out to be very helpful and then for finding varieties of fine resources most people are really desperate to know about. My very own sincere apologies for not expressing appreciation to you earlier.

  8. I am just commenting to let you be aware of what a beneficial discovery my cousin’s girl enjoyed visiting yuor web blog. She discovered many details, including what it’s like to possess an ideal teaching mood to let other people effortlessly understand specified advanced subject areas. You really did more than her expectations. Thank you for rendering the great, trusted, explanatory as well as fun thoughts on your topic to Mary.

  9. My wife and i have been cheerful that Raymond managed to deal with his basic research using the precious recommendations he came across in your blog. It’s not at all simplistic to simply possibly be handing out instructions men and women have been selling. And we take into account we have got you to give thanks to for this. All of the explanations you’ve made, the simple website menu, the relationships you help to foster – it’s got most impressive, and it’s making our son and the family reckon that this issue is brilliant, which is certainly rather important. Many thanks for the whole thing!

  10. Thank you a lot for providing individuals with an extremely nice opportunity to read articles and blog posts from this web site. It is always very fantastic and also full of a great time for me personally and my office co-workers to visit your blog more than 3 times per week to read through the new tips you will have. And indeed, we’re actually happy with all the unique creative ideas served by you. Some 1 ideas in this posting are absolutely the very best we’ve ever had.

Leave a Reply

Your email address will not be published. Required fields are marked *