I collected from faucets. Don’t collect from faucets.


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tldr at bottom

Since 2012 I collected from faucets, using a singular address to collect all faucets from. That was, until, referral bonuses started to become a reality. Soon enough I found myself collecting on my cell, gf's cell, my work wifi, etc.

Since 2012 (and this is when faucets would sometimes pay insane amounts like .001), I've managed to collect around .1 bitcoins.

Yup. That's it. A tenth of a bitcoin. And it sits in my wallet collecting dust (pun intended, since i still get referral bonuses every week), but literally unspendable.

Why is it unspendable? I really want to move that .1 bitcoin to my long term HODL wallet that I won't touch for atleast 20 years. However, the tx fee my wallet wants me to pay is .03 ($30).

Look, if segwit goes through, and tx fees drop considerably, I'll be happy. But for now, it sits on my wallet.

Faucets are not worth it. They are fun, and when bitcoin was sub-300 there were a few faucets that were paying me $.15 worth of bitcoin a week. Obviously if the price were to hit $1,000,000/btc and segwit (or something similar) were to get pushed through, faucets would still not be worth your time.

After typing this out, I'm still going to visit my 2 favorite faucet sites and collect. I don't know why. It's really not worth it. But I've been doing it for 5 years now I'm so accustomed to it.

I just wanted to share my story. Thank you everybody.

tl;dr: collected faucets since 2012. Made around .1 bitcoin. Costs .03 bitcoin to send anywhere because it's hundreds of transactions

submitted by /u/JeBalon
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247 BTC

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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