18 Months Using Faucets! Reached Bronze Level on CoinPot, and Trying a Different Faucet
After much grinding in the faucets, I've finally reached the Bronze level of CoinPot's VIP Rewards program. I gave an overview of the reward levels in this other post, but basically, to be at Bronze level we need a balance of at least 100k CoinPot Tokens. This level pays 0.04% daily interest on the CoinPot Tokens balance, and the tokens we get for every faucet claim increase from 3 to 4. It also gives a challenge star, but sadly this doesn't give 100 extra CoinPot Tokens like the stars from the other challenges. At least, 0.04% of 100k is 40, meaning I get 40 free extra tokens daily.
It was in January 3rd, 2021 that I reached the 100k tokens mark. As I expected, it took nearly three months to get here from the halfway point (around 50k tokens). And January 12th marked one year and a half (18 months) since I started using faucets! It's nice to at least begin 2021 already achieving some milestones.
Image source: Openclipart
Now that I've reached the Bronze level, I can resume my original plan of converting my small crypto earnings from all the CoinPot faucets (including the CoinPot Tokens) to satoshi (Bitcoin), since Bitcoin is the crypto that gets more valuable faster. I just need to keep in mind that the reward levels are recalculated every day, which means I need to keep a balance of at least 100k CoinPot Tokens in order to remain at the Bronze level. So, I can convert whatever goes above 100k. Probably not now, though, as the Bitcoin price is so high that the CoinPot Token is currently worth only 1/4 of a satoshi! I'll continue accumulating tokens and waiting to convert once the conversion rates are more favorable.
With the crypto prices going up, I was thinking of converting the faucet earnings into cash and using them to help pay something from the daily life in the "physical world." I decided to hold off on that, though, after reading a post where the author - who has also been using faucets for a few years - wrote that, if he hadn't spent the earnings since the time he began in 2014 (which he unfortunately didn't do), he would have around 400k BRL (Brazilian Reals, around 80k USD) worth of Bitcoin now. With this as inspiration, I decided to continue using faucets and accumulating the earnings, how small they might look. One day, they might be worth much more, who knows... even if the opposite happens and they lose their value, I had gotten them for free anyway, so it'll mean I haven't lost anything.
With that decided, I thought it may be time to also try other faucets!
So far, I had been using only the faucets that use CoinPot to collect the crypto (here's an older post explaining how each one works), but now I've decided to try out other faucets besides the CoinPot ones. One that I began testing recently is Freebitco.in. It exists since 2013, being one of the oldest faucets around, and is still going strong (and paying). We can claim satoshi once every hour. The amounts we get vary, but currently (with the Bitcoin priced at around 35k USD) the minimum amount is 5 satoshi, and the maximum will always be the amount of satoshi equivalent to 200 USD (though obviously, we'll be getting the minimum value most of the time). With every claim, we get free tickets for their weekly lottery (also with prizes in satoshi), reward points which can be used to skip the captcha when claiming from the faucet, or increasing the minimum amounts we get from the faucet for 24 hours, or traded for satoshi (once we reach 100k points), or even physical prizes like crypto hardware wallets or smartphones (though those require millions of points!).
Another interesting feature of the website is that they pay 0.011% daily interest (4.08% interest per year) on our balance if it reaches at least 30k satoshi (either winning from them or depositing Bitcoin from somewhere else). So, it may be a good place to "hodl" the satoshi we get from faucets once we have enough, and make our earnings passively increase little by little.
Also, if we subscribe to their promotional emails, they send daily emails with a special link to spin their "wheel of fortune" to get free satoshi, reward points, or lottery tickets.
The website also has multiplier and betting games which I'm not comfortable to play because of the risk of losing satoshi.
Last but not least, there's also a different lottery where the winner gets a Lamborghini! But the tickets for that cost 25k satoshi.
This summarizes what the website has to offer. I'm liking the website so far, and may write a more detailed post about it once I have used it more and have some tips to share. Here's the site's link again for anyone interested.
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