Week 17 of the Crypto Faucet Experiment

Can you still make money claiming from crytpo faucets? This experiment will try to answer that question, here is my 17th week of data analysis for my crypto faucet experiment. I started this because of typical FOMO,(if only I had started this, 6 months ago, a year ago it could be worth X). This is not your typical faucet post with “check out this faucet” (affiliate link). While these are my affiliate links, you will also see my transparency in reporting.

TL/DR: Lifetime Value: $25.49 (Down $1.92 from Week 16)— Over 6,926+ claims $24.19. 94.91% of earnings are from my actions, 5.09% are from referral claims.

Week 15 – Over 540+ claims for a total of $1.47. 89.9% of earnings (467 claims) are from my actions, 10.1% (73+) are from referral claims.

 

 

Week 17 Breakdown

Personal Actions Value Referrals Value
Faucet claims: $1.42 Referrals claims: 73 $0.17
Daily Bonus: 7 $0.05
Offers Completed: 0 $0.00
CoinPot Mining $0

Its been a bumpy ride, some days are great for claiming, while others I hardly have time to get in 1 or 2 a day to keep my loyalty bonus climbing. Here is what my weekly claim activity looks like.

 

And there is the intra week for week 7. I have wild swings from day to day. Some days I really try to get as many as possible while working on other projects or on Steemit.

Here is a quick breakdown by coins and value for the week

Coin Amt Claimed Value
BTC .00010250 $0.99
BCH .00010300 $0.12
Dash .00015714 $0..09
Doge 16.64 $0.1
LTC .00049866 $0.10

There are 9 faucets I am using for this experiment, I only plan on adding more if CoinPot does. Honestly at this point it is hard to keep up with them all to maximize returns. Plus I start traveling for work, and I doubt airports and plane rides are conductive to reCaptcha.

Lifetime Claim Data *(slight variance to total holdings due to missing claims in coinpot data)

Currency Faucet Claims Total Currency
BTC Bonus Bitcoin Faucet Claim .00050262
BTC Bonus Bitcoin Daily Bonus .00006578
BTC FreeBitco.in. -00000308
BTC BitFun Faucet .00030465
BTC MoonBitCoin Faucet .00034515
LTC MoonLitecoin Faucet .01498326
Dash Moon Dash .00248487
Doge Moon Dogecoin 541.07
BCH Moon BCH .00042568
Offers
BTC MoonBitCoin .00007660
BTC Bonus Bitcoin .00000080
BTC BitFun .00001190
Referrals
BTC FreeBitco.in Referral .00000352
BTC BitFun .00004548
BTC Moon Bitcoin .00005334
Mining
BCH CoinPot Mining .00002656
LTC CoinPot Mining .00005574
DASH CoinPot Mning .00019045

Weekly Thoughts

After last weeks post, I am trying to build up my FreeBTC bonus. It is NOT east, I am stuck under 30% after a lot of Hi/Lo and 1000+ lottery tickets. I think to move the needle I will need to increase my exposure to risk and bet higher amounts to buy more lottery tickets. We will see if I get burned am able to build it up, I feel like the bonus structure is tied to when the faucet paid out more.

Getting your coins!

None of this is worth doing, when if it comes time to collect your built up balances, only to find out you are unable to transfer. I chose to transfer 100k Satoshi to Coinbase since to avoid a transfer fee, and hold until I determine my long term goals. The 100k basically drained all available satoshi, but it is nice to clear them to a wallet where if I want I can move to GDAX to sell or trade. I am not sure if I want to keep each base coin I collect, or convert all into one coin for ease. In the coming weeks I will work though my options, but for now here is proof my transfer worked.

 

Is it too late? Removing price volitility.

The graph below tries to remove the price volatility from my faucet claims results by using a static prices based on the price of the first day I started to claim from that faucet. That dip reset me to almost even, but it has climbed back to profit from the growing coin values. I love those dips to really crank up the faucet claims. They can be almost double on the dips.

 

Summary

I think you can still make small amounts of money from the faucets, but you have to put in the work, and complete the claims.

Upcoming

I plan to move the remaining BTC balance out of Coinpot. I am going to keep the renaming coins in Coinport until the reach a value of at least $5. Then I will either convert them to one currency, or move them to Coinbase as is. Coinbase doesn’t currently support Doge or Dash so I will either need to convert those or move elsewhere.

Please let me know your tricks and tips or ask some questions below. If you want next weeks update, give me a follow.