The bitcoin faucet 2010

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Claim ID

Payout Address

Sending Amount (BTC)

Date

Time

270565	1MZ3QuqDfmKXkSYtrPHtQ5gQoeqjzY1NB3	2 Satoshi	11/06/2021	10:42:14
270564	bc1q9d8y33nvml7tmzh4xhsw8rvqhd0fntkqch3xfk	2 Satoshi	11/06/2021	10:40:36
270563	bc1qamt892wp3fykc6t6nzgj0sf0g32nutmtxxwhv9	2 Satoshi	11/06/2021	10:40:01
270562	3AdaWgGWuESikggrKGWbYZ3HJHaqjo8aKK	2 Satoshi	11/06/2021	10:39:09
270561	372fJqcqUChxssBfh8pbWiKKC5kxjv1dwh	2 Satoshi	11/06/2021	10:36:46
270560	t1Vm69QoFGuZh7wXxvC59dKqvBePNnAQqMm	2 Satoshi	11/06/2021	10:34:02
270559	1NS1ZmsEX85UzUN2kvHMGXoQZG7XnGhVtc	2 Satoshi	11/06/2021	10:33:11
270558	1AZkUhr78sfBakUdqhG6m9pCebuz3emtx1	2 Satoshi	11/06/2021	10:32:16
270557	1CQnC3vAKjqtwdR3vyBTVz4oaQHctsP3LP	2 Satoshi	11/06/2021	10:31:21
270556	13bWJSZzkoFNGBGc1hUmb9zPViC7cVx98P	2 Satoshi	11/06/2021	10:29:34

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and by reputable economists stating that «it should have a zero price». Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

— Satoshi Nakamoto, Founder of Bitcoin

A bitcoin faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person.

Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin.

Faucets are a great way to help introduce new people to bitcoin, or to your favourite altcoin. Many faucets provide information to newbies 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 area is so new and a bit scary to some people, who perhaps don’t quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

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Bitcoin History Part 3: Turning on the Faucet

With no exchanges, P2P marketplaces, or escrow services in Bitcoin’s earliest days, acquiring coins wasn’t easy. You either mined them or begged someone on the Bitcointalk forum to sell to you OTC. Then, along came a developer called Gavin Andresen who created a faucet that allowed anyone to claim free BTC.

How Gavin Andresen Turned on the Tap for Bitcoin

“For my first Bitcoin coding project, I decided to do something that sounds really dumb,” wrote Gavin Andresen. “I created a website that gives away bitcoins.” It was June 2010 and, in an era when obtaining BTC wasn’t easy, Andresen’s idea proved to be very smart. For the nascent cryptocurrency community to grow, it was essential that bitcoin be distributed as widely as possible. Only through having skin in the game, and sending and receiving BTC, would it be possible for people to understand Bitcoin and for it to grow from an idea into a global phenomenon.

Bitcoin faucets were the original airdrops, and Andresen’s was the first faucet. To begin with, it dispensed 5 BTC per visitor, each of whom was required to do nothing more than complete a captcha. The notion of receiving a king’s ransom in BTC for little more than visiting a webpage seems outlandish today, but back then, 5 BTC was worthless in dollar terms. “It only gives 5 coins [a day],” complained the second forum user to reply to Andersen’s post (the first was bitcoin pizza guy Laszlo). Satoshi was impressed though, enthusing:

Excellent choice of a first project, nice work. I had planned to do this exact thing if someone else didn’t do it, so when it gets too hard for mortals to generate 50BTC, new users could get some coins to play with right away.

To those who had the perspicacity to appreciate what they were taking from the tap, those bitcoins were priceless. A handful may have hodled, but the majority of claimants will have long since frittered their coins away on sites like Satoshidice and later Silk Road. Faucets such as Andresen’s were forerunners to the sort of websites where BTC could be exchanged for goods and services.

The webpage for Gavin Andresen’s bitcoin faucet

One thing that anyone revisiting the early Bitcointalk threads will note is the benevolence that pervaded: More than one individual found security holes in Andresen’s faucet, and one drained his wallet of BTC before kindly returning it and explaining how to patch the flaw. Through altruistic deeds such as these, bitcoin’s early adopters gave the cryptocurrency its value back then, placing community ahead of personal profit.

19,700 BTC Given Away

To fuel the first faucet, Andresen loaded it with 1,100 BTC of his own. After these were disbursed, the faucet was reloaded, with early bitcoin miners and whales also donating coins. “Bitcoins are a new kind of money,” explained Andresen’s faucet website. “They aren’t created or controlled by a government (like dollars or euros), they’re created and controlled by anybody who wants to be part of the Bitcoin payment network.”

“What’s the catch?” asked the last of the four questions on the developer’s website, to which came Andresen’s reply: “I want Bitcoin to be successful, so I created this little service to give you a few coins to start with.”

It’s fair to say that both Bitcoin and Andresen went on to overachieve in some style. By the time the faucet had dispensed its last coins in early 2011, 19,715 BTC had passed through Andresen’s wallet . Bitcoin, meanwhile, was on the way to its first parabolic price spike, mainstream media coverage, political censure, and a world of adventure. But those are all tales for another time in Bitcoin History.

Bitcoin History is a multipart series from news.Bitcoin.com charting pivotal moments in the evolution of the world’s first and finest cryptocurrency. Read part one here.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

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Best Bitcoin Faucet: Complete Guide

Best Bitcoin faucet list: find out what is a Bitcoin faucet & which Bitcoin faucets are worth the attention inside this best Bitcoin faucet guide.

Last Updated: January 05, 2021

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Bitcoin faucets are a very popular theme within the various crypto communities around the world. They receive both a lot of praise and backlash. Some people love them, others think that they are nothing more than a scam. Well, in this guide we are going to try to find out not only which group is right, but also look for the best Bitcoin faucet available — assuming that it’s legit, of course.

I’ll tell you all about the topic: what is a Bitcoin faucet, what they’re used for, why are they even a thing in the first place. We’ll talk about their impact on Bitcoin (whether it be good or bad) and then finally see if we can find a legit and profitable Bitcoin faucet.

Table of Contents

Understanding Bitcoin Faucet Meaning

If you’ve ever left a faucet not fully closed in your kitchen or bathroom, you probably noticed that it dripped water. If you would place a bowl under it, it would probably fill the bowl within a day.

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This is exactly what a Bitcoin faucet does — only replace “water” with “Bitcoin”.

A Bitcoin faucet is a website that offers you very small amounts of Bitcoin in exchange for you solving captchas, watching ads or doing some other super easy tasks. The name of the units of Bitcoin that these sites offer are called satoshis (in honor of the creator(s) of Bitcoin). A satoshi is considered to be the smallest imaginable amount of Bitcoin — one BTC is equal to 100 million satoshis.

The number of satoshis that a Bitcoin faucet could offer you for the tasks vary — some sites have great rates, while others… not so much. It’s a case-by-case scenario.

Origin and Purpose

The first-ever Bitcoin faucet was called exactly that — The Bitcoin Faucet — and was released for public use back in 2010 — one year after the inception of Bitcoin itself. It was created by a man named Gavin Andresen, who is currently known for being heavily involved in cryptocurrencies, especially Bitcoin.

The Bitcoin Faucet offered users a reward of 5 Bitcoins.

Just let that sink in for a bit.

Naturally, Bitcoin was in its very early stages of development and was worth around $0,01. In this type of scenario, a website offering users to earn $0,05 for watching an ad or doing some other simple task still seems generous.

But if we converted that into Bitcoin’s current price, that would mean that Gavin offered people almost $29,000 for solving captcha! Imagine that!

The original purpose of a Bitcoin faucet was to spread awareness and educate people about Bitcoin. As you enter the site, the faucet would first of all offer you a gamified method of learning about cryptocurrency transactions — you would get some game credits (coins) and could try different transaction methods within the site (or app).

After you’re comfortable and feel like you know what you’re doing, the site lets you participate in various activities that grant you a certain amount of satoshis. It’s a great way to gamify the learning process, while simultaneously bringing in new users.

Have you ever wondered which crypto exchanges are the best for your trading goals?

Business Model

Now that you know what is a Bitcoin faucet and how Bitcoin faucets function, I bet you’re probably wondering — how does it make money?

Truth be told, it isn’t easy to earn a profit with Bitcoin faucets. You could have the best Bitcoin faucet in the market and still be struggling to make ends meet.

Faucet owners usually deposit some sort of an amount of Bitcoin into their cryptocurrency wallet (if you’re looking for a reliable wallet, check out Ledger Nano S and Trezor). This wallet is then connected to their own, personal faucet site. After people earn a specific amount of Bitcoin by completing tasks and playing minigames within the site or app, that amount of Bitcoin is paid out of the crypto wallet to the person in question.

To earn money and make a profit from a Bitcoin faucet site, you would have to come up with something unique and original to make your faucet stand out of the crowd. New Bitcoin faucets are emerging every single day (both as websites and as apps), so the market is considered to be very competitive. Only the most original ideas can power through the crowd.

You shouldn’t forget that, at the end of the day, you’re giving out money (just in the form of Bitcoin). This makes it even harder to break even, let alone make a profit. Some options of what you could do with your faucet include, but are not limited to: host more advertisers, promote your products or services with unskippable ad rolls, offer paid competitions and prize wheels, crowdfund, etc.

Unique and noticeable content will not only help you make money or spread awareness but also climb into the ranks of best Bitcoin faucet sites on the web.

Best Bitcoin Faucets

So you know how faucets work, how they make money and how they came to be in the first place. You’re interested and eager to try out the best Bitcoin faucet out there and earn yourself some Bitcoin. To do that, however, you’ll need a Bitcoin faucet list. Not any list, though — you’ll need the “Best Bitcoin Faucet” list, and that’s what I’m going to provide.

Before we jump into the Bitcoin faucet list, however, I’d like to tell you about a site called bestchange.com.

BestChange is a currency price converter site. It is a great site to convert fiat currency prices into crypto ones, and vice versa. The reason I bring it up in this tutorial, however, is that it lets you convert satoshis into any other popular currency you want. This is a great tool to quickly check just how much you would make with a specific faucet.

Now, unto the Bitcoin faucet list.

Bitcoin Aliens

Bitcoin Aliens is a great example of a Bitcoin faucet that is both effective AND unique.

BTC Aliens offer you to play games in exchange for Bitcoin. The way this works is that you install an app on your Android or iOS device, register and simply start playing. While you do that, the faucet generates specific amounts of Bitcoin in the background (depending on the game, different actions that you perform generate different amounts of BTC).

This Bitcoin faucet is also famous for having great payout rates. A single payment from this site is said to be around 4000 satoshis, which roughly translates into $0,25.

If you’re looking for the best Bitcoin faucet out there, you should give Bitcoin Aliens a chance.

Bitcoin Zebra

Bitcoin Zebra was born out of frustration and a need for quality — the developer behind this faucet said that he was disappointed by the lack of reputable and well-working faucet sites, so he decided to make one of his own.

What makes Bitcoin Zebra unique is that it’s constantly getting updates and new content, various competitions are being held with great prize pots and the app is being kept up-to-date with updates and changelogs.

The developer of Bitcoin Zebra is determined to keep the faucet up and running as long as people enjoy using it and are active with “feeding the zebra”. The way that the faucet works is that you have to log in at specific periods too, well… feed an animated zebra. By doing this, you earn some satoshis every time.

If the creator of the app will be honest & stand by his words and deliver, Bitcoin Zebra has the potential to become one of the top Bitcoin faucets in the market, if not the best Bitcoin faucet there is.

Moon Bitcoin

An established Bitcoin faucet, Moon Bitcoin has a dedicated user base and is considered by many to be one of the better faucets there are.

Moon Bitcoin aims to attract new users by offering them a range of different cryptocurrencies to attain, while also having daily login rewards. This faucet issues its payments every few minutes, so you can just leave an open tab on your browser and watch a movie or play a game, and simply come back to Moon Bitcoin every few minutes to claim your satoshis.

The site also offers you consistency rewards — if you claim satoshis at least once per day, you start getting increasingly more profit after a certain time. As you can see from the screenshot above, after 30 days of consistent claims your potential profits could increase by 4,7% — this is a great margin when you think of it.

Just like most other Bitcoin faucet sites, Moon Bitcoin offers its users’ affiliate bonuses. If you bring new users to the site, you could potentially earn up to 10% more with your claims!

Moon Bitcoin is a great addition to any “best Bitcoin faucet” list, so don’t hesitate to give it a try!

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