What is Bitcoin Faucets and how to earn money by creating our own faucet ?
Bitcoin Faucets are websites who give Free bitcoins for doing simple task like watching an advertisement, solving captcha or some times only supplying your details to them. So the question arises why they are distributing free bitcoins to us. In this article we will share every thing related to faucets and how to earn money from them . Usually faucets give lowest denomination of bitcoins called satoshi. And here is the calculation of Satoshi in bitcoins
1 Satoshi = 0.00000001 ฿
100,000 Satoshi = 0.00100000 ฿
1,000,000 Satoshi = 0.01000000 ฿
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿
Most of the websites are providing maximum 10,000 Satoshi in one go some are providing more than that as well. I am not sure have you ever noticed this or not but most of the website has a time restriction to claim the satoshi again. The reason behind is to earn money from Adsense.
Believe it or not but you can make Make $500 per month by running your own faucets.
How to create Faucet
- First of all we need to host an website and we would recommend to go by wordpress as it will ease our job for creating faucet. Because they have ready made plugin for BTC Faucet.
- Now we need to buy micro payment process for Bitcoin so that we can make payments in Satoshi. You can buy from Faucethub
- In order to protect the wallet from bot abuse we also need to buy Capctha keys from Solvemedia
- Now supply all the required details in plugin.
- Fund your wallet and activate your faucet account
How to Earn money from Faucets
Here will cover all the aspects through which we can earn money from Bitcoin Faucet.
When ever you visit any faucet website you will find lots of banner advertising from google and this is the main source of their earning. So the purpose behind this is simply to bring the traffic on our website in order to make them click on our ads. Which would eventually generate more money as compare to the given satoshi’s.
Visiting Faucets and claiming Satoshi can never give you substantial money but running your own can. But we need to make sure that we have good volume of traffic. Else it will only bring you loss.
Faucets business is growing at very fast pace and due to this people came up with new concept called faucet rotator. It is referral platform where most of the companies display their faucets add . And in exchange they charge commission for bringing traffic on website. So it opens altogether a new door to increase our earning. So we can list our faucet account to these website to get more traffic.
We can use affiliate links on our website like good Trading platforms, Popular bitcoin wallets, Bitcoin gambling and casinos . They provide pretty good percentage on affiliate commission.