The Bitcoin world is an exciting space where numerous opportunities exist for hard working people to earn free crypto currency by completing small tasks online, and one of the easiest platforms to do that on is called FaucetHub. But what is FaucetHub actually? How does it work? Is it legitimate, and how do new users get involved and start earning coins? The aim of this article is to remove the shroud of mystery surrounding the free Bitcoin industry by providing information about faucets and giving instruction on becoming involved and participating in the FaucetHub network. By reading this article the reader should be confident in setting up a new FaucetHub account, correctly linking a number of crypto coin wallets, and starting to earn real coins.
What are Faucets?
As a brief introduction, “faucets” are tiny websites full of sponsored advertising that pay visitors a small amount of crypto coins in return for validating each visit with a completed captcha. Faucets are linked to the visitor's account in FaucetHub through the use of wallet addresses, and the coins can eventually be withdrawn to the user's own desktop or mobile wallet once a withdrawal threshold has been reached.
The amount of coins earned per visit is very small, and is normally figured in terms of 'satoshi' – the tiniest calculable part of a bitcoin, although a diverse range of altcoins is also supported.
Earning coins from Faucets
While the earnings from faucets and the other methods available on the FaucetHub platform are not huge, they do accumulate over time, and, with the use of the built-in referral system, give new crypto users a chance to get their foot in the door and on the path to earning coins which can be sent to other sites such as coin exchanges, for the purposes of crypto trading etc. One does not get rich from faucets but may generate seed coins that can be grown with skill and practise over time.
How to set up a FaucetHub Account
Account setup in FaucetHub is fairly straight forward, and security is enhanced with Two-Factor Authentication. The website itself has a few interstitial and popup ads which can trip up new users but so long as one remembers to refresh the page from time to time it is not a major issue. Please not that only one account per user/IP address is permitted.
Upon creation of a new account and logging-in for the first time, it is recommended to familiarise one's self wth the site and read the Terms linked at the bottom of the front page. Users will notice a chat box at the left hand side of the screen, various menu items along the page, and a 'User Dashboard' pretty much in the centre of the page. This is the main area where coin balances are displayed.
After a basic recon of the site has been done, the user should start linking coin addresses from their own desktop wallets. This is done by opening a desktop wallet such as Exodus, Jaxx or an account on an online wallet or exchange such as Bittrex or Coinbase; generate an address for each coin, then copy and paste it into the “Wallet Addresses” section in the FaucetHub website. FaucetHub supports a number of major coins plus a few lesser known alts. Bitcoin, Dash, Litecoin and Ethereum are accompanied by Peercoin, Blackcoin, Primecoin and BitCore, among others.
The reader is encouraged to look for more articles that introduce and explain the various types of wallets available for storing their crypto coins safely.
It can be extremely helpful to also copy and paste the same coin addresses into a simple text file on one's desktop as they must be entered into each faucet prior to making a claim. Note that claimed coins do not go directly into one's own desktop wallet but are held in the FaucetHub account until the withdrawal threshold for each coin is reached.
How to use FaucetHub Faucets
Each faucet claim is usually rewarded with just a few 'sats' (satoshi) of bitcoin or alt coin as designated by the type of faucet. Faucets will generally reject any claim for which an invalid wallet address has been entered. For instance, and Ethereum faucet will not make a valid payout to a DASH wallet address, and vice versa.
Following a successful faucet claim, the coins will in most cases be immediately credited to the user's corresponding balance for the appropriate crypto coin in their Dashboard. Progress has been made. Keep in mind that some faucets do not make immediate payment but rather, hold the coins until their own withdrawal threshold has been met. These type of faucets are less popular than those that make immediate payment, although the payout rates are often a bit higher than those from standard faucets.
The FaucetHub Coin Exchange
Once a user has made several claims for a number of coin types, they may decide to convert them into bitcoin by selling them in the 'Exchange'. The FaucetHub exchange is a fairly basic one however it does allow the user to place buy and sell orders that will remain active until activated. A non-refundable fee is charged on all orders placed so it is wise to plan one's trading strategy before randomly hitting the buy and sell features.
By collecting alt coins and using the exchange feature, a user can achieve the withdrawal threshold for Bitcoin much faster than just by claiming from BTC faucets, although there are still various other ways to earn bitcoins on the site.
FaucetHub Paywalls, Offers and Surveys
In the top menu of the FaucetHub main page is a link to a list of faucet categories. Some faucets are designed as games, some as gambling apps, others as paid-to-click advertising sites. The 'PTC & Offers' section includes some high paying surveys sites, paid-to-read emails, paid-to-view videos and the like. Most of the faucets and websites listed in this category only pay in bitcoin, and the actual payouts can be very handsome indeed, although many of the surveys and other offers can be much more time consuming than regular faucet claims. Definitely worth a look if you are interested in maximising your BTC earnings.
It is important, however, to use a separate email address when signing up to any of the offers or 'survey websites', as they tend to send a lot of spam emails, and nobody wants their mail email account to be filled up with junk. Additionally, there are a number of offers that reward a person for installing an app on their smartphone or tablet. Again, proceed with caution. Installing the apps is normally fairly safe but check the terms and conditions of the offers. If you agree to receive text messages and give the company involved your cellphone number, there can be charges made to your phone bill, and many people have been caught out by that type of thing in the past. Do your research and look for reviews online before accepting these type of offers.
There are a number of interesting and enjoyable games available on the FaucetHub platform. Some of them are actually decent fun games in their own right, whereas others are just a bit of a giggle to be had while earning coins. Each user has their own preference when it comes to games, and some people spend a lot of time mixing pleasure with earnings. Each to their own.
Gambling Games on FaucetHub
Some of the 'games' on FaucetHub are actually gambling games, and can put a user's own coin balance at risk. For instance, the Rambo Dice game is a tricky game of virtual dice rolling, with the objective being to roll certain numbers. The 'player' bets a certain amound of bitcoin satoshi, chooses a multiplier number, and clicks the “Roll” button. Payouts occur when a correct number is rolled, however, a player loses their betted coins when an incorrect number is rolled, so it is a game with some risk attached. Please avoid the temptation to chase lost coins in this type of game, because as with most forms of gambling, the odds invariably favour the house.
FaucetHub Chat Rules and Guidelines
An exciting benefit of membership in the FaucetHub platform is the ability to interact with the community of users via the forums and especially the live chat room built into the left sidebar of the main page. The chat is moderated and has a strict set of rules that apply while participating. All users are strongly advised to read the rules and adhere to them. Bans are given to people who transgress, and those bans become longer for repeat offenders.
The chat room is designed as a place for faucet users to share ideas, ask and answer questions about faucets, and generally to interact with others in a positive way. Trolling, abuse and chat spam are not tolerated, and the community and chat moderators tend to come down hard on people who fail to “play nice”.
In particular, the following guidelines should be noted about conducting one's self in the chat room:
- No swearing or abuse of other people and no bad mouthing of the website, its moderators, owners or administrators;
- No spam will be tolerated, and users must speak only in the language designated for each particular chat room. Rooms currently exist for English, Spanish and Russian based chat;
- No repeated use of one-word-comments in an attempt to earn rain. This is known as "rain leeching”;
- When participating in the chat room discussion, it is recommended to '”tag” the user you are addressing to alleviate any confusion. You tag a user by simply clicking on their username before typing your comment;
- Users are not to thank the “rainmaster” or “tipmaster” - these are only bots. Thanking them is considered to be spam and can result in a warning or even a chat ban. Look for the actual name of the user who sent the tip or rain and thank them personally;
- No promotion of cloud mining sites or any type of HYIP or scammy investment programs – if you think a site might be marginal, then it is safe to assume that promotion of it in FaucetHub is not permitted;
- Users may only post web-links once per hour. Faucet owners may promote their own faucets inline with this schedule also;
- No posting of referral links or shortlinks of any type, nor links to social media accounts – an occasional link to a youtube video is ok but not to one's personal channel for purposes of gaining followers;
- No begging for coins in the form of handouts, tips or “rain”. Beggars will be cast out into the street where they belong, and may be sent a list of faucets or a link to the rules to give them something to read while they sit out their bans. Keep in mind that a ban from chat does not limit a user's access to other parts of the website, so a chat-banned person can continue to earn coins from the faucets and paywall offers.
Tips and Rain in FaucetHub
The chat room features two reward systems known as tips and rain. Tips are individual rewards sent from one user to another, often as a gratuity for help and sometimes just out of kindness. Asking for tips is not permitted however, and users are often banned from the chat room without warning for begging in that way. It is possible to send a tip to someone who is offline, not only people who are active in the chat room.
The correct format for sending a tip is “/tip username amount coin-name” e.g. “/tip megadump 1000 btc” - will send 1000 sats of BTC from the tipper's account to megadump's account.
'Rain' is another way that users can share coins with others in the chat room. Rain can be shared directly by using the format “/rain amount number-of-users coin-name” e.g. “/rain 50000 50 xpm” - will send 50000 sats of Primecoin from the sharer's account and “rain it” to 50 active users in the chat room, who would each receive 1000 sats of XPM in their accounts.
The FaucetHub system also “rains” coins on 50 random chat users at various times throughout the day. Users can contribute to the next rain event by sending a tip in the prescribed manner to the username “rainmaster”.
Please be aware that asking for rain and tips is not permitted and can result in a ban from the chat room.
User Levels in FaucetHub
FaucetHub operates a system of “user levels”, which gain users a few benefits as they level up. In particular, higher levels give a user new name colours, a mining bonus, and higher bet limits in the games. Higher levels are achieved by earning experience - "EXP" from many activities on the site, such as: claiming from faucets; completing paywall offers; betting in the games; and mining.
FaucetHub Mining is a browser mining system based on the CoinHive cpu mining script. It uses some of the user's cpu power to mine for Monero which is instantly transferred to bitcoin. Coins earned from the mining in FaucetHub are accumulated until they exceed 100 sats, at which point they will be credited to the user's BTC balance at the next update. It is all done automatically so there is no need for users to concern themselves about trying to “withdraw” the mining balance. If an amount is displayed as “pending”, it will be credited at some stage after it reaches 100 sats.
Mining also earns EXP, and can be a useful way for users to “level up”. However, with any form of crypto currency mining, FaucetHub mining places an extra load on a user's CPU, which can result in higher power bills and a build up of heat inside the user's computer. It is only recommended that people experienced with crypto mining use the FaucetHub mining system, as there are risks involved. At the very least it is recommended to use a monitoring program such as “Open Hardware Monitor” to keep track of the CPU temperature inside a user's computer. Windows Resource Monitor is generally unsuitable for this task and is NOT recommended.
Note - to unblock coinhive and enable mining please add these exclusions to your antivirus... https://faucethub.io/* and http://coinhive.com/*
Auto Faucets and Floodgates
It is also worth noting at this point that there is a special type of faucet known as “floodgates” or “auto faucets” that can be set to run indefinitely on a person's computer in order to send multiple “claims” per hour and raise the user's EXP to help them level up faster. Most auto faucets have a very low payout level – they are intended to help people level up faster, not get rich quickly. Keep in mind that some auto faucets run a background miner using the user's cpu – these particular type of faucets can cause a person's CPU to heat up and may cause damage to a computer when used for a long time. It is generally a better idea to only use auto faucets to DO NOT include a background miner, or that allow you to disable the function. Users are advised never to use faucets that use any type of “hidden” mining script. If you visit a faucet and immediately hear your CPU fan speeding up, it often indicates a miner script is in operation. Use the “Open Hardware Monitor” or another program to check the faucet. Some faucet owners use unscrupulous methods to trick people into mining coins for them. Please be aware and keep your system safe.
FaucetHub offers a 'Premium' account option, which costs a good amount of coins but gives a few benefits to users. It is a most handy feature for faucet owners but is not necessarily a great investment for standard users due to the relatively high cost.
Faucet Lists and Related Blogs
Many FaucetHub users run their own blogs and websites which feature personally curated “faucet lists”. These lists can be a valuable aid to faucet users because they are generally kept up to date with fresh faucets, and often include faucets that might not be readily visible on the FaucetHub site itself. It can be a good idea to keep an eye on the chat room for some of these lists as there are some real gems from time to time.
Withdrawals from FaucetHub are processed on a schedule, and are generally subject to very low fees. A withdrawal can only be processed to a wallet address that has already been “linked” to a FaucetHub account for three days, in order to mitigate the threat of hackers accessing and cleaning out a user's account. The withdrawal process for Faucet Owners is slightly different and subject to some different restrictions. Withdrawal fees for each type of coin are displayed on the website, and are generally lower for higher amounts.
The crypto currency revolution provides an exciting opportunity for people to earn bitcoins and other crypto coins by completing small tasks online and participating in games, surveys and online chat discussion at various faucet networks. FaucetHub is the largest such “faucet network” that also serves as a micro wallet, with basic coin exchange and coin mining facilities built in. This article has introduced a number of the concepts related to coin faucets, discussed several aspects of the FaucetHub website, and given the reader some basic guidelines about how to set up a FaucetHub account and participate in a number of activities on the site. Readers are encouraged to do more research on the topic and check that it matches their own goals for earning bitcoin and other crypto currency online before opening a FaucetHub account.