Welcome to Part 2 of The Bitcoin Faucet!
Where we discuss anything and everything about Bitcoin and Altcoin faucets.
If you missed the first part you can read The Bitcoin Faucet Part 1 here.
The last week has been quite exciting with a lot of ground work covered with some ups and downs so there is quite a bit of information to share and report on.
Sometime we find things that are too good to be true and as an experiment I tried this with my account.
Please watch the video to see how this faucet auto betting works and then I will explain what happened when I tried this with my account…
VIDEO – FreeBitcoin Faucet Auto Bet Tool earns 40 000 Satoshi per hour!
Don’t be tempted to try this if you not sure what you doing.
We do not recommend gambling! If you do this, it is at your own risk and you have been warned.
If you don’t understand this video, here is a simple explanation.
This is basically gambling and you are setting up an auto system to bet for you in hopes of winning.
You set how much Bitcoin / Satoshi you want to bet which should always be set to 1 Satoshi, if you loose this the system doubles the betting amount until you win.
In order to do this successfully you need to have a significant amount of Satoshi in your account to cover all the inevitable losses and understand how the settings work.
You set the minimum winning amount to X amount Satoshi, like in the video and the system plays until you reach this winning amount or more.
So what happened when I tried this?
I lost 22 000 Satoshi that was accumulated in my account from free claims.
Why did I lose?
Because I had the setting identical as in the video.
In the video the guy has about 220 000 Satoshi and I tried this with 22 000!
Which means instead of setting the “STOP BETTING AFTER” “PROFIT” tab to 100, I should have set it to 10 considering the low amount of Satoshi that was available to support losses.
Hopefully this all makes sense but please feel free to ask questions in the comment section below.
Even though this can work for some it didn’t work for us so it was a bit of a failed experiment. We might try this again with 220 000 Satoshi but it will be the last if we loose this amount to either prove that the system isn’t as flawless as presented on YouTube or it is in fact reliable if done properly.
This week we have found another faucet to try out.
It is still new (2017) so hard to determine how safe it is but once we reach the withdraw threshold, we will report if it was a success or not.
Premium Faucet Network
Timer: No time limit!
Reward (Current Average): 15 Satoshi as fast as you can claim
Referral Commission: 33%
Bonus Features: It is possible to earn over 50 000+ Satoshi per day with this faucet without support from referral earnings.
REFERRAL RESULTS & EARNINGS REPORT
Due to having a full time job this all takes extra time, I have to use the faucets, research if they safe, apply strategies to get referrals and write the articles on my website providing screenshots, videos, links and all the information + helping all our referrals via email, comments and other platforms via PM’s 🙂
A goal has been set to try and build a team of 1000 active referrals and this might take a long time but that is what we aiming for.
Currently we are far off this mark but at the same time we just got started.
If you keen on joining some faucets and earning free Bitcoin here is a LIST of all the ones we use. Just scroll down through the article and the list is there.
We try to update this list as often as possible but a few faucets will be listed in later posts, like this one with Premium Faucet Network.
Here are a few screenshots of current progress from some top faucets (1st August 2017):
This has officially turned into a passive income stream, a very small one for now but with infinite potential!
COINPOT REFERRAL COMMISSIONS – CENTRAL MICRO-WALLET FOR 6 FAUCETS
BONUS BITCOIN – 10 REFERRALS – 29 284 SATOSHI
There is also a 5% daily bonus for the total of daily claims you and all your referrals make.
This is today’s total, 90% of this total is from referral claims as I didn’t have much time to make a lot of claims today.
BTC CLICKS – 17 REFERRALS – 7216 SATOSHI
MOON BITCOIN – 6 REFERRALS – 6069 SATOSHI
BITFUN – 5 REFERRALS – 10 299 SATOSHI
SUNBTC – 11 REFERRALS – 1075 SATOSHI
WORLD OF BITCOIN – 7 REFERRALS – 376 SATOSHI
WE LOVE BITCOIN – 6 REFERRALS – 2727 SATOSHI
MOON LITECOIN – 5 REFERRALS – 104 940 LITOSHI
These are just some of the faucets we use and should give you an idea of what to expect at the beginning stages with faucet referrals and commissions.
Last but not least you may be very interested to join this forum where many of these faucets are discussed in details.
A community can cover a lot more information than just one individual so I will do my best to provide sources where you can get updates and more information.
Please comment below should you need assistance or have any questions.
You can also warn and help the community by reporting a improper faucet or similar site or if you have something interesting to share with the audience.
Will be glad to help you in anyway I can.