Tag Archives: faucets

Easy Guide to Getting Free Crypto

What If I Told You You Can Get Crypto For Free?

One day, I woke up to new magical internet monies sitting in my online wallet:

These are coins I’ve never bought. How did this happen?

I soon learned that what I received was an “airdrop” – free cryptocurrency just for having the right crypto wallet open.

At the time of this writing, I’ve received about $100 worth of crypto from passive (didn’t do nothin’) to active (mildly headache-inducing) strategies. If you like free money, I’ll walk you through the easiest ways to earn free cryptocurrency.

These methods, in order of easy to difficult, are:

  1. Setting up online wallets
  2. Earning crypto from airdrops
  3. Playing with crypto faucets

Or if you’re impatient, jump to the end for the best-bang-for-your-effort options.

Method 1: Get free crypto with online wallets

Effort: minimal

A cryptocurrency airdrop is when a blockchain platform distributes free coins. To receive airdrops, you need a wallet associated with that blockchain.

For example, new crypto projects can leverage an existing blockchain platform like Ethereum to create tokens. Specifically, these ethereum-based coins are called ERC-20 (“Ethereum Request for Comment”) tokens. When the popular ERC-20 token OMG launched, as part of their promotion they airdropped OMG to anyone with an Ethereum Wallet.

Two caveats with this:

  1. You’ll have to have some non-zero balance of the main crypto (e.g. Ether) in your wallet to receive airdropped tokens (e.g. OMG).
  2. An independent wallet with private keys that you own (e.g. not at an crypto exchange) is necessary for this to work.

In addition to airdrops, having wallets with the major blockchains is handy whenever there’s a software fork – when a clone of the blockchain is created.

When Bitcoin Cash forked from the main Bitcoin blockchain, everyone with a proper wallet received a 1:1 equivalent of Bitcoin Cash according to how much Bitcoin they already owned (e.g. 1 BCH for 1 BTC).

This is why it’s important to move any Bitcoins you have from an exchange to your own web wallet; exchanges like Coinbase are great for buying crypto with dollars, but terrible for holding. It’s up to exchanges if they want to release coins from forks or airdrops to their users.

So what kind of wallet should you open up? Where and how?

Pro tip: go to CoinMarketCap and filter for “Coins,” then set up the official wallet for that coin:

You’ll notice that even when you filter for coins, there are hundreds of independent blockchains, and setting up individual wallets for each one is impractical. You can also explore this shortlist of blockchain platforms.

Here’s the simple option with minimal effort: just open up a MyEtherWallet (“MEW”). The majority of new tokens are built off of Ethereum, and MEW is the most popular and supported Ether web wallet which will maximize the chances of getting free crypto airdrops.

Just to summarize, here’s the low hanging fruit option:

  1. Open a MyEtherWallet account
  2. Transfer any quantity of Ether, e.g. 0.01 ETH from Coinbase into MEW
  3. Wait for airdrops!

^ Note that you can repeat similar steps with other blockchain platforms like NEO and Stellar

Method 2: Earn free crypto by hunting for airdrops & bonuses

Effort level: medium to high

You might now be wondering why companies even do airdrops in the first place. It’s a promotional strategy to raise awareness for their new project. Many crypto teams have a specific allocation for marketing activities, and airdrops is just one part of them.

Given this context, it makes sense that many new cryptos give away coins & sign up bonuses. Sometimes it’s just a matter of signing up with your email and a wallet address.

Other promotional bonuses can be earned through effort, such as reviewing a crypto project or signing up for their Facebook.

I earned free Badcoin by reviewing and supporting The Bad Crypto Podcast (which you should all listen to!)

Hunting for crypto bonuses & airdrops takes work, and almost requires you to be an early adopter: exploring ICOs, subscribing to newsletters, following crypto news.

But there’s an automated way to learn about + earn crypto bonuses.

It’s called Earn.com, a platform that pays you in crypto to read promotional messages from businesses.

How this works: sign up to join lists like “Web designer” or “Bitcoin buyer,” and businesses interested in promoting to these lists will send paid messages.

By far the most common paid messages are from crypto projects raising awareness about their own coin or ICO. Thus, Earn.com has become a streamlined interface to get notified about, and receive airdrops of new coins:

There’s a double benefit to using Earn. Not only do you get $1+ in Bitcoin for every message you open, BUT you also enlist to get free airdropped tokens:

The do-it-yourself way is to scour for upcoming airdrops on sites like AirdropAlert, but Earn.com is a much more integrated experience. You can save your MyEtherWallet address to join ERC-20 token airdrops, and the platform also provides a quick way to get paid out to BTC to a bitcoin wallet like Coinbase:

To get started, join Earn via my personal referral link.

Method 3: Earn free crypto with crypto faucets

Effort level: annoying, often low ROI

Crypto faucets work by distributing tiny amounts of cryptocurrencies for actions taken, usually by looking at ads, completing micro tasks or even playing games. Faucets share their advertising revenue back to the users in the form of crypto.

Big caveat: faucets require a lot of work and the ROI in terms of looking at ads for being paid small amounts of crypto many not be worth it.

With that being said, after scouring the web, these are the three most reputable faucet websites I’ve played with:

FreeBitcoin.in

Probably the oldest and most reputable Bitcoin faucets. FreeBitcoin has been around since 2013 and has multiple features, from offering its own wallet with interest, casino/dice type games and more ways to earn (or gamble away) BTC.

FaucetHub.io

One of the few reputable faucet sites with tons of options (games, ads) to earn multiple cryptos, from BTC to ETH to Dogecoin. Like many other faucets, you have to turn off your Adblocker which is annoying. A lot of other faucets also require FaucetHub account for payouts, similar to Coinpot.

Moon Bitcoin

The “Moon” chain of faucets are really straight forward: ads are displayed, and you can claim Satoshis (fractions of a Bitcoin) every 5 minutes. Easy peasy!

Coinpot

A “microwallet” service required by many faucets like Moon Bitcoin to deposit crypto earnings.

The easy 80/20 solution for most people

If you’re overwhelmed by the # of options, don’t stress. The best bang-for-your-effort option should take a total of no more than 15 minutes of setup time:

  1. Create a MyEtherWallet account.
  2. Create an account at Earn.com.
  3. Get free random airdrops into MEW, or get notified of new airdrops at Earn.com.
  4. Bonus step: transfer a tiny bit of Ether, acquired from an exchange like Coinbase, into your MyEtherWallet. Some airdrops require small amounts of Ether in your wallet to receive free ERC-20 tokens; do this step as insurance to get your free cryptocurrency.
  5. Join the Markethive Daily Faucet Group to work together daily in a web room with the Faucets. Markethive has a faucet, airdrop and bounty program as well when you join for free.

Only if you have time and patience on your hands would I bother with crypto faucets.

 

 

Thomas Prendergast

What was 1st bitcoin faucet?

What was 1st bitcoin faucet?

The Faucet and Airdrop relationship

The First Faucet

When Bitcoin came to be, many of you are aware of the first sale that being a Delivery Pizza paid for with 10000 Bitcoins. That would have been nice if you were that pizza delivery professional, huh? But the advent of the “faucet” was not far behind and is just recently getting its well-deserved recognition in the history of the Bitcoin revolution.

Like why and what is a faucet? The term faucet is used because Bitcoin faucets even by today’s standards deliver meager amounts for menial effort. The use of giving away small amounts of Bitcoin does serve several purposes. It brings traffic to the domain site that is giving away this valuable commodity. Back in 2011 when Bitcoin was trading (selling) for around .08 cents as of July 2011 (note: It did increase in value that year by 900% and closed in December at $2.00 per coin) and it also raises the awareness of the coin. Two very important functions of these strategies. Raise awareness and drive traffic.

Even today, in fact, more so, the faucets are not only becoming main stream but also becoming a major factor in introducing new emerging coins.

Who is Gavin Andresen


Gavin Andresen is a software developer best known for his involvement with bitcoin. He is also known for inventing the first coin faucet and the name as well.

Originally a developer of 3D graphics and virtual reality software, he became involved in developing products for the bitcoin market in 2010, and was declared by Satoshi Nakamoto as the lead developer of the reference implementation for bitcoin client software after Satoshi Nakamoto had announced his departure. In 2012 he founded the Bitcoin Foundation to support and nurture the development of the bitcoin currency, and by 2014 left his software development role to concentrate on his work with the Foundation.

Faucet Culture


When Gavin first introduced his landmark free Bitcoin faucet in 2011, little did he know he would spur a huge cottage industry. From the scams of the Russian faucets, to established long-term faucets like freebitco.in, coin distribution and awareness have been driven in part by this new industry, simply by giving away small amounts of valuable coins for just visiting, and a series of qualification submissions then verified (to prevent robots) simple captcha action.

Today's multi-faceted faucet systems have matured to the point where intense evaluations have delivered well organized semi-automated platforms with documented recorded and live training making it possible for the entry level penniless novice, with great determination, discipline, and patience the potential of producing literally millions of dollars in a matter of a few years. Case in point:

If you had been so perceptive and fortunate to have been aware of Gavin Andresen’s Bitcoin faucet that was paying out 5 coin per captcha (remember back then 5 Bitcoin represented .40 cents) If you had been determined and processed that faucet just 2 times a day for 1 year (assuming the faucet limitations permitted like today’s faucets do) you could have earned 3,650 coins. At the time worth only about $292. But with foresight and understanding, holding on to those coins for just 2 years would have yielded (Bitcoin grew to over $1000) about $3,650,000.

Fast forwarding to today and making historical assumptions with the projected value of Bitcoin come 2020, many projectionists, experts and market makers predict Bitcoin reaching as high as $1 million dollars.

Our recent analysis has shown with aggressive determination and borderline obsession one can achieve about .5 – 1 coin per month with today’s faucets. That would be 24 coins by 2020 and based on these assumptions; a person could literally earn over 24 million dollars.

This understanding makes it clear why faucets have become mainstream and have grown major successes in the cottage industry like the 2-year-old company known as Faucethub.

Faucethub

A centralized advanced faucet system(s) with a secure API based wallet (to eliminate fees) for micropayments has created a portfolio of literally 100s of third-party faucets and has made the developer of the Faucethub system very successful with an active network of 1.2 plus million Faucet Heads (the culture of obsessed people doing menial task for meagre results).

His system has been responsible for making others wealthy and extreme supporters of the crypto counterculture.

Airdrops and Faucets similarities


2017 was the year a new coin giveaway occurred called Airdrops. Similar in results, many new crypto companies traditionally launched by selling their soon to be coins called tokens at perceived deep discounts, thereby raising literally millions upon millions of dollars before even beginning the development phase, I am sure you have heard the bad press of many of these ICOs just being nothing more than exit scams, making many investors victims and losing millions of dollars in this new wild west crypto culture. That being said, the expected results are many countries particularly the United States coming down hard on the ICO launches, with huge costly legal requirements, filings and regulations.

This is to be expected with any new industry but has hit the crypto industry particularly hard. Therefore the mother of invention always a close associate of the entrepreneur, has given birth to the Airdrop. The concept being similar to the faucet, the Airdrop is designed for several reasons. First is to bring awareness the new company, organization, platform, what have you. Many Airdrops have launched major success, like OmiseGO. Dropping 75 million coins with a site registration and ether wallet requirement, the airdrop has been extremely successful with the coin now trading at around $15 per coin in less than a year

Article by

Thomas Prendergast
Markethive Founder
http://twitter.com/markethive 

Thomas Prendergast

Make $9K to $2M in Bitcoin in 1 year. No Investment

Make $9000 to $2M in Bitcoin a year with no investment

 

 

LEARN ABOUT CRYPTO FAUCETS

From wikipedia:   “Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don’t quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.”

How much can you make on Coinpot in one year? 
It’s a fair question. People want to know how much they can make before investing the time. I understand.

The answer is, it depends. There’s a wide range. Based on my model you can make as little as $900 or as much as $2 million in 1 year. It depends on a variety of factors including the original claim amount, the number of times you claim a day, the number of referrals you have, the number of times your referrals claim a day, loyalty days and a number of other factors, not to mention the price of crypto.

I had to create a calculator to figure it all out. Within the calculator, I’ve created scenarios that help to understand how the different factors above can impact your daily claim amount. These scenarios are labeled min, mid and max. The min scenario represents the person who puts forth the least amount of effort. The max scenario models out the power user with the highest amount of activity. The mid scenario is somewhere in between.

Here’s a quick slide to help explain each scenario:

In other words, Min activity is just mailing it in with one click a day. Mid activity is someone with 100 referrals making between 25 and 48 claims a day, and Max activity is someone who’s maxing out every claim. I like to the think of Min as a lower limit, Max as an upper limit and Mid as an average.

Next, I annualized the daily claim amount from each faucet calculator under each scenario, made a forecast of cryptocurrencies one year from today and these are the results.

The Results

The first set of results provides an estimate of how much you can make if crypto prices remain the same as they are today.

As you can see from the boxes highlighted in yellow, the minimum amount you can make is around $900, the middle point is around $10K and the max is almost $70K.

So, another way to interpret the results is:

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $900, providing prices remain the same.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make $10K, providing prices remain the same.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make $70K, providing prices remain the same.

The thing about crypto is that the price does not stay the same. As much as I like free money, I wouldn’t be advising you to do this for $900 a year — though that’s nothing to sneeze at, especially if it’s free. Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. It is highly unlikely that crypto prices in one year will be what they are today.

What if crypto prices grew 30% on average? The following chart shows what happens to the value of your crypto holdings if crypto prices at the end of 2018 are 30% higher than they are today.

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $1,100, with a 30% increase in prices.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$13K, with a 30% increase in prices.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$90K, with a 30% increase in prices.

This is amazing, but again, I wouldn’t be telling you to do this for $1,100. The reason people are interested in cryptos, the reason why people are taking out a mortgage on their home (DO NOT DO THAT) to invest in cryptocurrency is that of the exponential growth rates. Bitcoin, Dash, Litecoin and Dogecoin all grew by 1326%, 5935%, 5215% and 3916%, respectively, over the last year (Bitcoin Cash just started in late July/early Aug.).

This chart shows a more likely scenarion with a 500% growth rate (but experts all agree that a 1000% – 1400% rate is more likely)

This is amazing growth and there’s a chance it won’t ever happen again, but cryptos have been on a growth trend for the past five years so I don’t think last year was a fluke. Here’s a chart showing the pace of growth in the crypto market over the last 4 years.

As you can see, market capitalization grew from $4.3 billion in 2014 to $221 billion in 2017. 2014 was a bad year, but all other years saw phenomenal gains. Now that the word is out about the value of cryptos, I believe the growth trend will continue to grow exponentially.

So what if the cryptos in your Coinpot portfolio grow at the same level they grew at last year in 2018? These are the results:

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $13K if prices grow the same rate as they did last year.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$240K if prices grow the same rate as they did last year.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$2 million if prices grow the same rate as they did last year. Note: there is no max on referrals so this could be higher.

Cryptos may not be able to keep up the bull run they had last year, but if they do it means you could be sitting on a nice portfolio of crypto by the end of the year without spending a dime.

Cliff High: “Bitcoin can reach $100,000 in 2018”

Cliff High’s web bots are predicting bitcoin to reach $64.000 in the first half of 2018 and probably going higher than that to even $100.000.

At this point this prediction might sound a little crazy to you… if you think about his last prediction, it isn’t that weird at all!

Last year when Bitcoin was around $800 he predicted Bitcoin would hit $13.880 in February 2018 according to the data sets. He still believes that this is going to be true. He said that this would be the price by February 2018, even when he knew it would go higher than that. And it did. It almost hit $20.000.

The $13.800 price is a new base to steady take off again and rise! The $64.000 is the new base to take off to a new ATH in 2018. Before we go past 64, we will get a pull back into the mid 40’s.

So the future does look bright for Bitcoin and cryptocurrency in general. Other big coins like Litecoin, Dash, Monero, Ethereum, and so on will keep going up along with Bitcoin.

Here’s a quick overview slide of all three price scenarios.

No matter what the scenario, in terms of activity level or price, Coinpot is a great way to invest in cryptocurrency without incurring any risk. It’s also great for people that are new to the cryptocurrency world. You don’t have to buy anything or set anything up. It’s all been done for you and it’s all freeAll you need is a computer and an email address. To be clear, not all faucets are like Coinpot, so be careful. The reason I chose Coinpot for this experiment is due to its ease of use and credibility. I’m currently working on a few others and will send out a post when that happens.

How To Sign Up For & Maximize Coinpot Faucets

So now that you see the potential, these are the steps to sign up and get started:

Step 1: Sign up for a Coinpot MicroWallet (https://coinpot.co/)This is a where each faucet will send your “claim”. When you reach your withdrawal minimum, you will want to move your cryptocurrency from your software wallet (CoinPot) to another wallet.

Step 2: Sign up with each of the following faucets. Each one of these faucets are already connected to your Coinpot MicroWallet. As long as you sign up with the same email address you used to sign up for your Coinpot, they are automatically connected. Play around with each faucet a bit to get a feel for how this works. Please use my referral codes to sign up for the faucet.

Moon Bitcoin

Moon Dogecoin

Moon Litecoin

Moon BitcoinCash

MoonDash

Bit Fun

Bonus Bitcoin

Step 3: Optimize your claim amount on each faucet. I’ve modeled out the performance of each faucet.

Each faucet has its own incentive structure. In general, there are two different structures. Your goal is to maximize the claim by paying attention to rewards:

Moon Bitcoin

This is a unique faucet. It pays out in Bitcoin. It is the only incentive structure with 5 different bonus categories. Each bonus category gives you the ability to double your claim amount. It also pays at 50% for referrals. This makes Moon Bitcoin one of the best opportunities in the Coinpot faucet network. In addition to referrals, Moon Bitcoin also rewards the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus.

In addition to getting 50% of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Offer Bonus — Action: do 10 offers to take full advantage of the 100% claim bonus. This bonus has a ceiling of 10 offers.

4) Mystery Bonus — Do nothing and earn this bonus.

5) Mining Bonus — Mine on your computer for a 100% bonus depending on your hash rate. This is new.

There’s one other thing that is absolutely critical in your claim amount. This is true for all 6 faucets — the number of times you claim can drastically increase your daily claim amount. For example, based on the current claim rate which is published on the Moon Bitcoin site, if you claim every 5 minutes for 4 weeks you get 16,128 satoshis (assuming no referrals or bonus opportunities). However, if you claim every 4 weeks you get 111 satoshis.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes (I say 25 because you don’t want to wait until the last minute). This makes MoonBitcoin one of the easier Moon faucets to reach maximum claims on. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. You want to refer at least 100 people to take advantage of the 50% referral commission and max out on the 1% per referral bonus. You want to do 10 offers to take advantage of the offer bonus. You can also get a bonus for mining on your computer. Focusing on these actions can greatly increase your claims.

Moon Dogecoin

Moon Dogecoin is like Moon Bitcoin, but pays out in Dogecoin. All the Moon faucets have the same basic structure, but not as many bonus options.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less dogecoin until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonDoge one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Moon Litecoin

Moon Litecoin is the same as Moon Dash (see below), but it pays out in Litecoin. Though it has a similar bonus structure to MoonDoge and MoonBitcoin, it requires more claims to max out.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other Moon faucets, but not by much. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonCash

Newest faucet. The bonus structure is the same as MoonDoge and MoonLitecoin, but pays out in Bitcoin Cash. You can optimize your daily claims by doing the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonCash one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonDash

MoonDash is the same as MoonLitecoin, but it pays out in Dash.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim as often as you can, at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other two faucets. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Bit Fun

Bitfun is slightly different. It pays out in Bitcoin at a higher rate than MoonBitcoin and has no limitations on claim time. You can also play games and do offers. Playing games does not increase faucet amount rate, however.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim around 4hrs, but there is no loyalty bonus. You want to refer as many people as you can to take advantage of the 50% referral commission. Focusing on these actions can greatly increase your claims.

Bonus Bitcoin

Bonus Bitcoin pays out in Bitcoin. The amount you can claim varies, but you can get a bonus of 5% on all your claims and referrals for the past 3 days as long as you make a claim every day. You can only make a claim every 15 minutes.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim as often as you can every 15 min. You want to refer as many people as you can to take advantage of the 50% referral commission and the 72 hr loyalty bonus. Focusing on these actions can greatly increase your claims.

STEP 4: FINAL STEP

Take what I’ve written here and make it your own. You have full license to plagiarize all you want. First, replace my referral codes with your own referral codes (please let me know if you need help finding your codes). Send it out to your friends and family. Set up a seminar at your community center or library. Send it out on Facebook/Twitter/Instagram. If you do add additional faucets to your list, be sure to vet them out for your base.

You can look up the price of any cryptocurrency on  https://coinmarketcap.com/.

Final thoughts: Crypto is For Everyone

The world of investments is largely cut off from people that don’t have the means, but crypto isn’t. I have family and friends on both sides of the wealth spectrum and this is a great way for both to accumulate coins. Those that have money, but are worried about Bitcoin’s viability, can use faucets as a no risk way to still participate in the crypto boom. Those that don’t have the money can also use this as a way to participate.

Translation: If you don’t have $1 million (or even $10,000), Coinpot is a great way to build a diversified portfolio of high potential crypto. It is a portfolio strategy in and of itself.

Bitcoin, Bitcoin Cash, Litecoin, Dash and Dogecoin represent a good cross-section of cryptos available on the market today. The only one that’s missing is Ethereum and I’m looking for a good Ethereum faucet to recommend now.

I will also warn that the learning curve for crypto is steep, but you don’t have to know any of that for Coinpot. Coinpot is a wallet and the faucets it supports are already set up to deposit directly into your Coinpot wallet — real time. It couldn’t be any easier.

Update

As a corollary, I wanted to follow up with a very important piece of the crypto puzzle — security. You need to keep your crypto safe — it’s not safe in Coinpot once you make more than the threshold limits.

The threshold limit varies for each coin. According to the website, “Withdrawal requests are processed and paid directly to your wallet within 48 hours.” In my experience, it’s much faster.

These are the current withdrawal threshold limits which can be found on Coinpot when you click on “Withdraw”:

 

Bitcoin — 10,000 satoshi (.00010000)

Bitcoin Cash — 10,000 satoshi (.00010000)

Litecoin — 200,000 latoshi (.00200000)

Dash — 20,000 duffs (.00020000)

Dogecoin — 50 dogecoin — side note: you can only withdraw dogecoin to a dogecoin wallet (for free). Then you can transfer to your main wallet.

 

Once you reach the threshold, you should withdraw your coin to a safe wallet.

I have made a comprehensive list of wallets, (as well as exchanges, additional verified faucets, and other sources to make this venture safe, quick and well organized).

http://www.markethive.net/faucet/

Once you decide on one of these wallets, you need to follow that wallet’s instructions for receiving or depositing funds. These instructions are very important — do not skip this part.

Your new wallet will give you an address in order to deposit funds. Each address is specific to a certain coin. In other words, you have a different address for each coin. Copy the address and put it in the “withdrawal box” in Coinpot. You want to copy your address and put it in the box.

You’re not done yet. Once you make this request, Coinpot will send you a verification email to confirm your request as an extra layer of security. If you don’t click the link, the withdrawal will not occur.

The upgrade to the list of faucets:

On the same link above you will also see a well-organized and researched list of faucets. They are sorted by time to complete and have a built in timer so as to make managing this a lot easier.

The Coinpot faucets are identified in a Sky Blue as the illustration reveals.

We have frequent live workshops on this. They are listed on our Markethive calendar in the back office and also open to the public at http://aboutco.in

Thomas Prendergast
Founder
Markethive

Thomas Prendergast

Make $9000 to $2M in Bitcoin a year with no investment

Make $9000 to $2M in Bitcoin a year with no investment

LEARN ABOUT CRYPTO FAUCETS

From wikipedia:   “Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don’t quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.”

How much can you make on Coinpot in one year? 
It’s a fair question. People want to know how much they can make before investing the time. I understand.

The answer is, it depends. There’s a wide range. Based on my model you can make as little as $900 or as much as $2 million in 1 year. It depends on a variety of factors including the original claim amount, the number of times you claim a day, the number of referrals you have, the number of times your referrals claim a day, loyalty days and a number of other factors, not to mention the price of crypto.

I had to create a calculator to figure it all out. Within the calculator, I’ve created scenarios that help to understand how the different factors above can impact your daily claim amount. These scenarios are labeled min, mid and max. The min scenario represents the person who puts forth the least amount of effort. The max scenario models out the power user with the highest amount of activity. The mid scenario is somewhere in between.

Here’s a quick slide to help explain each scenario:

In other words, Min activity is just mailing it in with one click a day. Mid activity is someone with 100 referrals making between 25 and 48 claims a day, and Max activity is someone who’s maxing out every claim. I like to the think of Min as a lower limit, Max as an upper limit and Mid as an average.

Next, I annualized the daily claim amount from each faucet calculator under each scenario, made a forecast of cryptocurrencies one year from today and these are the results.

The Results

The first set of results provides an estimate of how much you can make if crypto prices remain the same as they are today.

As you can see from the boxes highlighted in yellow, the minimum amount you can make is around $900, the middle point is around $10K and the max is almost $70K.

So, another way to interpret the results is:

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $900, providing prices remain the same.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make $10K, providing prices remain the same.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make $70K, providing prices remain the same.

The thing about crypto is that the price does not stay the same. As much as I like free money, I wouldn’t be advising you to do this for $900 a year — though that’s nothing to sneeze at, especially if it’s free. Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. It is highly unlikely that crypto prices in one year will be what they are today.

What if crypto prices grew 30% on average? The following chart shows what happens to the value of your crypto holdings if crypto prices at the end of 2018 are 30% higher than they are today.

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $1,100, with a 30% increase in prices.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$13K, with a 30% increase in prices.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$90K, with a 30% increase in prices.

This is amazing, but again, I wouldn’t be telling you to do this for $1,100. The reason people are interested in cryptos, the reason why people are taking out a mortgage on their home (DO NOT DO THAT) to invest in cryptocurrency is that of the exponential growth rates. Bitcoin, Dash, Litecoin and Dogecoin all grew by 1326%, 5935%, 5215% and 3916%, respectively, over the last year (Bitcoin Cash just started in late July/early Aug.).

This chart shows a more likely scenarion with a 500% growth rate (but experts all agree that a 1000% – 1400% rate is more likely)

This is amazing growth and there’s a chance it won’t ever happen again, but cryptos have been on a growth trend for the past five years so I don’t think last year was a fluke. Here’s a chart showing the pace of growth in the crypto market over the last 4 years.

As you can see, market capitalization grew from $4.3 billion in 2014 to $221 billion in 2017. 2014 was a bad year, but all other years saw phenomenal gains. Now that the word is out about the value of cryptos, I believe the growth trend will continue to grow exponentially.

So what if the cryptos in your Coinpot portfolio grow at the same level they grew at last year in 2018? These are the results:

  • If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $13K if prices grow the same rate as they did last year.
  • If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$240K if prices grow the same rate as they did last year.
  • If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$2 million if prices grow the same rate as they did last year. Note: there is no max on referrals so this could be higher.

Cryptos may not be able to keep up the bull run they had last year, but if they do it means you could be sitting on a nice portfolio of crypto by the end of the year without spending a dime.

Cliff High: “Bitcoin can reach $100,000 in 2018”

Cliff High’s web bots are predicting bitcoin to reach $64.000 in the first half of 2018 and probably going higher than that to even $100.000.

At this point this prediction might sound a little crazy to you… if you think about his last prediction, it isn’t that weird at all!

Last year when Bitcoin was around $800 he predicted Bitcoin would hit $13.880 in February 2018 according to the data sets. He still believes that this is going to be true. He said that this would be the price by February 2018, even when he knew it would go higher than that. And it did. It almost hit $20.000.

The $13.800 price is a new base to steady take off again and rise! The $64.000 is the new base to take off to a new ATH in 2018. Before we go past 64, we will get a pull back into the mid 40’s.

So the future does look bright for Bitcoin and cryptocurrency in general. Other big coins like Litecoin, Dash, Monero, Ethereum, and so on will keep going up along with Bitcoin.

Here’s a quick overview slide of all three price scenarios.

No matter what the scenario, in terms of activity level or price, Coinpot is a great way to invest in cryptocurrency without incurring any risk. It’s also great for people that are new to the cryptocurrency world. You don’t have to buy anything or set anything up. It’s all been done for you and it’s all freeAll you need is a computer and an email address. To be clear, not all faucets are like Coinpot, so be careful. The reason I chose Coinpot for this experiment is due to its ease of use and credibility. I’m currently working on a few others and will send out a post when that happens.

How To Sign Up For & Maximize Coinpot Faucets

So now that you see the potential, these are the steps to sign up and get started:

Step 1: Sign up for a Coinpot MicroWallet (https://coinpot.co/)This is a where each faucet will send your “claim”. When you reach your withdrawal minimum, you will want to move your cryptocurrency from your software wallet (CoinPot) to another wallet.

Step 2: Sign up with each of the following faucets. Each one of these faucets are already connected to your Coinpot MicroWallet. As long as you sign up with the same email address you used to sign up for your Coinpot, they are automatically connected. Play around with each faucet a bit to get a feel for how this works. Please use my referral codes to sign up for the faucet.

Moon Bitcoin

Moon Dogecoin

Moon Litecoin

Moon BitcoinCash

MoonDash

Bit Fun

Bonus Bitcoin

Step 3: Optimize your claim amount on each faucet. I’ve modeled out the performance of each faucet.

Each faucet has its own incentive structure. In general, there are two different structures. Your goal is to maximize the claim by paying attention to rewards:

Moon Bitcoin

This is a unique faucet. It pays out in Bitcoin. It is the only incentive structure with 5 different bonus categories. Each bonus category gives you the ability to double your claim amount. It also pays at 50% for referrals. This makes Moon Bitcoin one of the best opportunities in the Coinpot faucet network. In addition to referrals, Moon Bitcoin also rewards the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus.

In addition to getting 50% of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Offer Bonus — Action: do 10 offers to take full advantage of the 100% claim bonus. This bonus has a ceiling of 10 offers.

4) Mystery Bonus — Do nothing and earn this bonus.

5) Mining Bonus — Mine on your computer for a 100% bonus depending on your hash rate. This is new.

There’s one other thing that is absolutely critical in your claim amount. This is true for all 6 faucets — the number of times you claim can drastically increase your daily claim amount. For example, based on the current claim rate which is published on the Moon Bitcoin site, if you claim every 5 minutes for 4 weeks you get 16,128 satoshis (assuming no referrals or bonus opportunities). However, if you claim every 4 weeks you get 111 satoshis.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes (I say 25 because you don’t want to wait until the last minute). This makes MoonBitcoin one of the easier Moon faucets to reach maximum claims on. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. You want to refer at least 100 people to take advantage of the 50% referral commission and max out on the 1% per referral bonus. You want to do 10 offers to take advantage of the offer bonus. You can also get a bonus for mining on your computer. Focusing on these actions can greatly increase your claims.

Moon Dogecoin

Moon Dogecoin is like Moon Bitcoin, but pays out in Dogecoin. All the Moon faucets have the same basic structure, but not as many bonus options.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less dogecoin until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonDoge one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Moon Litecoin

Moon Litecoin is the same as Moon Dash (see below), but it pays out in Litecoin. Though it has a similar bonus structure to MoonDoge and MoonBitcoin, it requires more claims to max out.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other Moon faucets, but not by much. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonCash

Newest faucet. The bonus structure is the same as MoonDoge and MoonLitecoin, but pays out in Bitcoin Cash. You can optimize your daily claims by doing the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonCash one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonDash

MoonDash is the same as MoonLitecoin, but it pays out in Dash.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim as often as you can, at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other two faucets. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Bit Fun

Bitfun is slightly different. It pays out in Bitcoin at a higher rate than MoonBitcoin and has no limitations on claim time. You can also play games and do offers. Playing games does not increase faucet amount rate, however.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim around 4hrs, but there is no loyalty bonus. You want to refer as many people as you can to take advantage of the 50% referral commission. Focusing on these actions can greatly increase your claims.

Bonus Bitcoin

Bonus Bitcoin pays out in Bitcoin. The amount you can claim varies, but you can get a bonus of 5% on all your claims and referrals for the past 3 days as long as you make a claim every day. You can only make a claim every 15 minutes.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim as often as you can every 15 min. You want to refer as many people as you can to take advantage of the 50% referral commission and the 72 hr loyalty bonus. Focusing on these actions can greatly increase your claims.

STEP 4: FINAL STEP

Take what I’ve written here and make it your own. You have full license to plagiarize all you want. First, replace my referral codes with your own referral codes (please let me know if you need help finding your codes). Send it out to your friends and family. Set up a seminar at your community center or library. Send it out on Facebook/Twitter/Instagram. If you do add additional faucets to your list, be sure to vet them out for your base.

You can look up the price of any cryptocurrency on  https://coinmarketcap.com/.

Final thoughts: Crypto is For Everyone

The world of investments is largely cut off from people that don’t have the means, but crypto isn’t. I have family and friends on both sides of the wealth spectrum and this is a great way for both to accumulate coins. Those that have money, but are worried about Bitcoin’s viability, can use faucets as a no risk way to still participate in the crypto boom. Those that don’t have the money can also use this as a way to participate.

Translation: If you don’t have $1 million (or even $10,000), Coinpot is a great way to build a diversified portfolio of high potential crypto. It is a portfolio strategy in and of itself.

Bitcoin, Bitcoin Cash, Litecoin, Dash and Dogecoin represent a good cross-section of cryptos available on the market today. The only one that’s missing is Ethereum and I’m looking for a good Ethereum faucet to recommend now.

I will also warn that the learning curve for crypto is steep, but you don’t have to know any of that for Coinpot. Coinpot is a wallet and the faucets it supports are already set up to deposit directly into your Coinpot wallet — real time. It couldn’t be any easier.

Update

As a corollary, I wanted to follow up with a very important piece of the crypto puzzle — security. You need to keep your crypto safe — it’s not safe in Coinpot once you make more than the threshold limits.

The threshold limit varies for each coin. According to the website, “Withdrawal requests are processed and paid directly to your wallet within 48 hours.” In my experience, it’s much faster.

These are the current withdrawal threshold limits which can be found on Coinpot when you click on “Withdraw”:

 

Bitcoin — 10,000 satoshi (.00010000)

Bitcoin Cash — 10,000 satoshi (.00010000)

Litecoin — 200,000 latoshi (.00200000)

Dash — 20,000 duffs (.00020000)

Dogecoin — 50 dogecoin — side note: you can only withdraw dogecoin to a dogecoin wallet (for free). Then you can transfer to your main wallet.

 

Once you reach the threshold, you should withdraw your coin to a safe wallet.

I have made a comprehensive list of wallets, (as well as exchanges, additional verified faucets, and other sources to make this venture safe, quick and well organized).

http://www.markethive.net/faucet/

Once you decide on one of these wallets, you need to follow that wallet’s instructions for receiving or depositing funds. These instructions are very important — do not skip this part.

Your new wallet will give you an address in order to deposit funds. Each address is specific to a certain coin. In other words, you have a different address for each coin. Copy the address and put it in the “withdrawal box” in Coinpot. You want to copy your address and put it in the box.

You’re not done yet. Once you make this request, Coinpot will send you a verification email to confirm your request as an extra layer of security. If you don’t click the link, the withdrawal will not occur.

The upgrade to the list of faucets:

On the same link above you will also see a well-organized and researched list of faucets. They are sorted by time to complete and have a built in timer so as to make managing this a lot easier.

The Coinpot faucets are identified in a Sky Blue as the illustration reveals.

We have frequent live workshops on this. They are listed on our Markethive calendar in the back office and also open to the public at http://aboutco.in

Thomas Prendergast
Founder
Markethive

Thomas Prendergast