You would think that I should have outgrown faucets by now. I mean, they are great when you’re starting out but compared to what I’m able to earn completing a writing assignment for one of my clients, the faucet payouts are miniscule.
For the most part I ignore the faucets. Not only is it a lot of effort to put in your address and solve the Captcha enough times to get the still tiny payout, but faucets often dry up, and sometimes very quickly. Take this Noblecoin faucet which I discovered only two days ago. I successfully claimed and cashed out three dispenses. I have learned to cash out ASAP when given the option because you really never know. Then this morning I claimed a dispense, but when I tried to cash out, I got an error message informing me the site does not have enough coins to pay out. It’s possible the operators will restock it, but then again, most of the time an empty faucet simply dries up for good. I’ve lost track of how many faucets have dried up leaving me with fairly high balances. Seeing the Noblecoin faucet dry up so soon after I discovered it also brings back memories of the Inputs faucets heyday–those faucets were extremely generous… until one day they weren’t because the Inputs carpet got yanked out from under them.
So faucets can be time consuming and plenty of time they end up not paying out. They come and go like butterflies flitting from one flower to the next. Some of them have such ridiculously high payment thresholds that you could be visiting them for months, if not years, before cashing out that first payment.
Are faucets worth it? This question gets raised on just about every cryptocurrency forum I’ve been on, and I’m sure plenty of forums I have not been on as well. I think the answer largely depends on your other sources of cryptocoins. If faucets represent a significant source of your cryptocoin acquisitions, then they are worth it to you. Just like with those speculators who quickly mine out the brand new cryptos in the hopes that they will one day be worth a lot more, you could make a point to find and frequent the faucets for the brand new alt coins in the hopes of collecting the largest dispenses before the coin truly takes off and the dispenses get a lot smaller.
You could get systematic about visiting the greatest number of tried and true faucets in the shortest amount of time. You could even use a rotator like this one. You can rack up a surprising amount in faucet payouts just by visiting one right after another. But you won’t get much else done during that time. Every so often I go through the rotator just to see what new faucets are out there. But not very often…
I’ve been there, done that. I’ve had to keep a lid on my own faucet involvement because it can seriously mushroom out of control. There are that many faucets. For me personally it’s not really about the amount I earn, but just the fact that whoever is behind the faucet is handing out free coin. It’s always fun to get something for free even if you don’t really need it. It’s not just poor people who shop the sales and clip coupons. Everyone enjoys getting a good deal. Everyone enjoys at least the perception of getting something for nothing. Another analogy is that of going to the grocery store on a day when they are passing out a lot of free samples, and you feel like you scored a free meal (a rather eclectic one) along with your groceries.
The addictive nature of faucets lies in the feeling you get of having scored a great deal from your visit. “All I had to do was enter my address and solve a Captcha!” You get some coin just for stopping by, and of course you want to keep coming back again and again so you can accumulate enough coin to cash out.
I too find faucets addicting, but I have found that not all faucets are created equally. As I mentioned before some don’t last, while others would take hundreds of visits before a payout is possible. I’ve lost plenty of microamounts of Bitcoin and Litecoin on faucets which folded midway through my reaching the payment threshold, and plenty more time. These experiences have caused me not to completely abandon faucets, but rather, to become a bit of a faucet connoisseur–basically a faucet snob.
I have a few faucets that I frequent regularly. Unless I say otherwise these ones have actually paid me either automatically or upon cashout request for at least several months, and they do not take forever to reach the cashout threshold. I’m sure there are other perfectly good faucets out there. All I need to enjoy my faucet fun is a few.
I also look for faucets for alt coins I’m starting to get involved with. It’s always nice to have something in my wallet, no matter how small. Hence my few visits to the short lived Noblecoin faucet I mentioned above. When I first got involved with Litecoin, I looked for a few Litecoin faucets. And a couple days ago, I discovered a great little Next faucet, and after three days of visiting I almost have built up an entire Next, just one third of the payout threshold. I have not yet received a payout from this one so I can’t speak for its viability. But it won’t take me too long to find out.
Free Bitcoin is another one I frequent. If I visit it a few times a day, then I get a small payout each week on Sunday or Monday. It automatically goes straight to my wallet. If I hit it often enough this faucet yields enough to cover one Bitcoin transaction fee a week, which is not too shabby.
This brings me to why I really like the Devcoin Faucet. The yield isn’t super high–5 DVC is currently worth around 130 sat. However transaction fees to send Devcoins around typically cost from 1 to 5 DVCs each. It’s automatically tacked on to my total transaction. This means that if I accumulate 10 DVC worth of transaction fees on a given day, all I have to do to have those completely covered is visit the Devcoin Faucet twice that day. It’s usually possible to visit the Devcoin faucet up to ten times or more per day. Every time I send out DVCs, I visit the Devcoin faucet at least once. But I don’t limit myself to just when I’ve paid some transaction fees. When I first got into Devcoin I visited it multiple times and actually accumulated enough DVC that way to buy my very first Devcoin Bounty shares on Cryptostocks. When you can actually do something cool with your faucet earnings… now that makes for a great faucet. I don’t think there is any faucet better than the Devcoin faucet in terms of reliability, longevity, and dispensing a worthwhile payout.
There is one Litecoin faucet I visit fairly regularly too. This one has a rather high payout threshold but there is always the chance of winning big, same as with Free Bitcoin. I have found there aren’t too many Litecoin faucets so I can’t be too picky. LTC 4 U is the best one I’ve found so far, but I admit I have yet to reach my first payout threshold. I have also visited Litecoiner from time to time, but never enough to accumulate the cashout threshold. There is a similar faucet which dispenses Bitcoins called Bitcoiner. Both Bitcoiner and Litecoiner have been around for a long time. Bitcoiner was one of the first faucets I encountered when my own cryptojourney began. I think it is safe to assume they are going to be here for the long haul.
What if there was a faucet you didn’t have to visit all the time? What if you could just register an account once and receive your daily dispenses regardless of whether you logged in or not? It turns out there is such a faucet, QoinPro. it pays out in five different cryptos every twenty-four hours and you don’t even have to log in. I of course recommend everyone at least sign up, and once you do, you will get your dispenses. You will be waiting a while to reach the cashout threshold, but it’s not like you have to actually work to reach it. But despite the few seconds it takes out of your day, there’s actually something rather satisfying in actually going to a faucet and doing what it takes to collect the dispense, and the automated nature of QoinPro kind of takes that away. If I were them, I’d have both an automatic faucet and one that people actually have to visit.
In the end, what it comes down to is that although faucets won’t make you rich, they are kind of fun, so even though I don’t really need the extra earnings, I do have a few favorite faucets that I go back to quite regularly (and then take breaks from as needed). Hey, I can quit my faucet habit anytime. Right?
But I do have to face it: faucets can be so addicting.