The crypto world is one of the innovations in finance and technology that can make it easier for individuals to make money in various ways.
One such way is through the Crypto Faucet, one of the easiest ways to earn crypto. But seeing the dim of publications regarding Crypto Faucets in 2021 and 2022, the question arises, are Crypto Faucets still profitable? The answer is in this article.
What are Crypto Faucets?
Crypto Faucet is an app or site to generate crypto for free by fulfilling a straightforward task.
Generally, the rewards given by a Crypto Faucet are crypto in small amounts.
This is because the tasks that need to be done generally do not require a high level of knowledge about crypto or blockchain.
Each Crypto Faucet is generally managed by a party with a pool of crypto to give to the user after completing a small task.
These tasks are generally completing captchas, sharing links or links, watching ads or videos, filling out questionnaires, playing games, and downloading and using applications.
This Crypto Faucet is often used for the needs of advertising or promotion of a product by a party.
The more complex the task, the more significant the reward, but most investors still consider it small, regardless of the prize.
Before using a Crypto Faucet, users will generally be asked to register with the Crypto Faucet application or site.
The user will also be asked for a wallet address during registration.
Later a site or Crypto Faucet application will make users have two wallets.
The first wallet is on a Crypto Faucet site or app, and the second is a crypto wallet like Metamask for receiving rewards.
Often to maximize marketing, a Crypto Faucet will require users to earn a certain amount of crypto before being able to withdraw it to the main wallet.
Unfortunately, the amount of crypto required to be obtained from the Crypto Faucet before it can be withdrawn is quite large.
There are also several Crypto Faucets with crypto withdrawal limits, and the crypto withdrawal process is quite complicated.
The more widespread crypto is in the community, the fewer rewards for Crypto Faucet users, so the question arises, is it still profitable?
Is It Still Profitable?
As an example of the Crypto Faucet case, this article will compare the advantages of Bitcoin Faucets in 2010 and 2021.
In 2010, there was a Crypto Faucet formed by Gavin Andersen, where he gave rewards in the form of Bitcoin by filling in a captcha.
Gavin Andersen created the Faucet through the site to raise awareness of Bitcoin.
The reward on the site established from 2010 to 2012 is quite interesting: five Bitcoins per captcha.
The payoff didn’t seem too attractive because, at that time, Bitcoin still had a lot of negative perceptions and was far below its current value.
Unfortunately, when compared to today, there are no other Crypto Faucets that reward as much as 2010. Most Bitcoin Faucets currently provide rewards ranging from around 0.00005 Bitcoins and below per completed task.
Several other Bitcoin Faucets also give higher rewards than that number.
But remember again that the higher the reward, the more difficult it is to get it.
Apart from Bitcoin, it’s also worth noting that there are Crypto Faucets with other rewards, and the newer the crypto, the higher the rewards.
Some sites have provided a list of Crypto Faucets for easy small profits, for example, crypto faucets. cash.
Keep in mind that all rewards will be given in crypto. The price of the crypto needs to be an aspect that is considered.
Seeing the movement of crypto prices that are still volatile, users are most likely to generate diverse income just from Crypto Faucets.
Everything can be returned to the individual user to answer whether it is profitable. Because there are several factors, such as time, the cost of electrical energy from the hardware used, and the power that needs to be spent to focus on Crypto Faucet.
But in general, most crypto investors have stayed away from Crypto Faucet because they think the profits are too small compared to the effort to generate them.
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