Bitcoin faucets give people a small quantity of bitcoin and the owners make money when someone clicks on the ad that they place on their websites. It is very easy to build a faucet and you can finish building one under just 10 minutes. All you need to do is to get yourself a Bluehost account and then simply install a Bitcoin faucet WordPress plugin in it. Bitcoin price does not in any way affect the number of bitcoin you can get from the faucets.
While faucets can help you to earn some bitcoin, no matter how small, you too can decide to own a faucet and give people bitcoin for reading ads and for taking part in various activities, many of such activities can help you to make some money or help you to push information or idea to the consciousness of the general public. As a faucet owner, it is wise to take every step necessary to protect your faucet from the activities of scammers or hackers.
What bitcoin faucets represent
As stated earlier, a bitcoin faucet gives visitors small bitcoins when they visit the website. The visitors will only receive that amount of bitcoin after they have taken the desired action on the website. The amount given by the faucets differ one from another and it is completely the prerogative of the faucet owner. Some may give their visitors up to 100 Satoshis after performing a particular action, like reading emails, reading books or clicking ads; 100 Satoshis are equivalent to 0.000001 BTC. Some may even give the visitors as much as 10,000 Satoshis, which is equivalent to 0.0001 BTC.
The bitcoins given by the faucets can come at intervals. For example, you may have to wait for another 30 minutes before you can get another bitcoin. Some may ask you to wait for ten minutes or even for one hour; it all depends on the prerogative of the faucet owner. As stated earlier, the amount you get from a bitcoin faucet does not in any way determine bitcoin price. The bitcoin you get from the faucet can also be transferred to your bitcoin wallet address but you will have to do things in line with the rules of the faucet.