Category: 2. Faucets and free crypto myth

Even if the sums that can be earned from bitcoin faucets today are miniscule, you might reason that they’re worth using anyway. After all, just like with Andresen’s faucet in 2010, holding onto the Satoshis you receive could prove a highly profitable play a few years from now. That’s why ‘stacking sats’ is a very… Continue reading Free crypto comes at a price

Any website owner can now create a bitcoin faucet by funding a cryptocurrency wallet with BTC and connecting it to a simple script that runs on their website.  Faucets are quite easy to set up; there are even WordPress plugins that automate the process. The wallet is programmed to pay out Satoshis at predetermined intervals,… Continue reading How faucets work

In 2010 a Bitcoin developer called Gavin Andresen had the idea of creating something called a bitcoin faucet, to do just that. This was essentially a mechanism for drip-feeding small amounts of BTC to anyone willing to claim it. The faucet took the form of a simple webpage with a captcha to prevent spam or… Continue reading Birth of the bitcoin faucet

If you commute into a city or a big town you’re probably used to being offered tasters of new products such as soft-drinks, shampoo or energy bars. It is a low-cost and effective alternative to online or TV marketing for a completely new product – putting it directly in the hands of a large number… Continue reading Faucets and the free crypto myth

What you`ll learn : What a bitcoin faucet is The history of bitcoin faucets How bitcoin faucets work Risk vs reward of bitcoin faucets