Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: frauswif on August 01, 2018, 09:24:55 PM
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"When I first started exploring the cryptocurrency space I spent a good amount of time on faucet sites. For those who are not familiar with the concept of faucets, they are websites that dole out tiny amounts of free cryptocurrency to visitors (i.e. they ‘drip’ small amounts of crypto). Typically, you claim the free coins by clicking a button and completing a captcha. The coins slowly build up in your account on the site until you hit the minimum withdrawal limit (I’ve seen this vary from .0001 to .001 BTC depending on the site). At that point, you can withdraw your accumulated earnings to a personal wallet. Some faucet sites allow you to claim every 15mins, others every hour, and some only once a day. The frequency at which you can make claims is directly related to the amount of payout. The more often the site allows you to claim, the less BTC you receive with each one."
Full article: https://hackernoon.com/my-journey-into-the-world-of-crypto-faucets-and-how-i-came-out-the-other-side-9cd72732b160
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Those faucets were great many years ago when crypto was only used by a small minority of believers. Now, there are too many users and the faucet payouts are too low. Now, it is better to do bounties rather than spend time clicking the button for faucet payouts
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Yes, the golden age of faucets seems to be over.
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On such cranes it was appropriate to sit 5 years ago or maybe earlier, now payments in them are not essential at all!