I will start with a sort of disclaimer/introduction of myself. I make enough from my current job to get everything I need and have some left over for investing. As such, I have my own crypto investments but the prospect of free crypto in the form of faucets was too interesting to not delve into.
Now getting at the question in the title of are crypto faucets worth it. I know many people will point back to the bitcoin faucets and how they are worth so much now. But the crypto space is different now so lets just focus on the present. Finally, getting to the answer to our question, the short answer is no.
If you have a decent job then faucets will not really be worth it on just a monetary level. Though, for people who do not have an income or a very low income it can give some returns. However, the cost of electricity and internet are something that should be factored in if you are considering faucets as an income source.
But that would be far too short of post so I will talk through what I have gained from faucets both monetarily and otherwise. I have tried out many different faucets most not lasting long because returns were either not entertaining enough or not enough for me in that it would take forever to cash out or even if I could cash out it would be worthless. Nevertheless, some have kept me interested.
There is a whole list of websites with faucets which you can click every 30m minutes to 24 hours to ever so slightly increase your value in your balance on their site to eventually be able to cash out. I have completely avoided these sites for a variety of reasons. For one the time it would take to cash out is just too long for me. This is partially because the reward wouldn't be worth if for that time and also because it is just not entertaining to me, which is a large part of the interest in faucets for me. They have just failed at interesting me, I need to be able to get some even small amount of crypto into my wallet to gain that dopamine rush or I need to interact with an interesting system to challenge me to try to succeed within their system.
I will break down the faucets I have tried in future posts with pros and cons but currently I want to focus on one site that I think provides a good example of the non monetary gains I have received from a faucet. This starts with a site has kept me interested based on a simple feature they have, which peaked my interest in a mathematical sense. This site is Cointiply which I am sure many people have heard of. But their interest on cointiply coins you hold is what really caught me.
So I saw that 35,000 coins were needed to begin gaining this interest so I did some surveys and other tasks to get that 35K. It gave me a goal something to work towards which made it interesting. Finding what would work for me to gain the coins needed to reach this threshold. Problem is once I got there and a bit further my weekly reward of like 40 coins I was understandably underwhelming. So I decided to look at how many coins I would need to begin gaining meaningful amounts of coins each week.
If we look at the math 1,000,000 coins would net you a little shy of 1000 coins a week or (~$0.10). But that is not enough you need at least 30000 coins to withdraw, so I came to the realization that I would need to collect enough coins to be able to withdraw each week just from my interest. To achieve this I would need 31,200,000 coins in my cointiply account.
So I am sure you will all say this is not feasible its not worth it. But that is the point its not about it being monetarily worth it, it is about it being satisfying to see a bigger number. Therefore, I am beginning my trek to 31.2 million cointiply coins.
If you have not yet realized that this whole post was just to shill my cointiply referral link well here it is. Help me get to 30,000 coins in interest a week.
And with that,
Good trading, Faucet clicking, and Shit coin HODL-ing to you all
