Join over 94,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. DR version: Bitcoin faucets are a type of website that give away small amounts of Bitcoins coinad bitcoin wallet their users. Faucet owners make money by placing ads on this highly engaging websites.
The good news is that it’s super informative as well. This post will teach you EVERYTHING you need to know about Bitcoin faucets. This post was originally written on November 2015 BUT I’ve been updating it constantly to stay relevant. The main things that changes since then is that you can’t use Adsense ads on Bitcoin faucets and the price of Bitcoin has increased dramatically making it much harder to generate a profit. Whenever there are relevant updates I have added them throughout the post.
Before I begin I just want to say that my experience of running a Bitcoin faucet isn’t vast. I’ve started 99BItcoins’ faucet a little over a month ago, but I’ve learned a lot since. And now I would like to pass on this information to you. We’ve covered Bitcoin faucets many times in the past so I won’t go over them in detail. In short, a Bitcoin faucet is a website that gives out a small amount of Bitcoins to its visitors. Usually after you receive your coins you need to wait a certain amount of time until you can ask for another batch. The original Bitcoin faucet was operated by Gavin Andresen, The Bitcoin Foundation’s chief scientist.
It started out around late 2010 and it gave visitors five Bitcoins for free. How People Make Money from Bitcoin faucets You may be asking yourself why people give away free Bitcoins. They are trying to teach people about Bitcoin. They are somehow making money from it. 2 is the main reason people set up faucets. Bitcoin websites today in terms of traffic are faucets. But the question remains: How can you make money from these faucets?
Well, most of these websites have an overwhelming amount of ads placed all around them. So the business model of these faucets is bringing cheap traffic in and getting them to click on ads. Faucets will let you earn a percentage of the Bitcoins they give away to visitors you brought in. A rotator site is a site that allows you to quickly surf through different faucets without opening a new site or tab each time.