Bitcoin faucets have been around ever since Bitcoin started out more or less. The idea of faucets is simple – visit the faucet in order to get a small amount of Bitcoin to experience your first Bitcoin transaction. The first Bitcoin faucet ever created was made by Gavin Andresen on late 2010. The faucet gave out 5 whole Bitcoins to every user (at the time these were worth around 8 cents). Since then Bitcoin has developed and so did the faucets. Today faucets are used mostly by people trying to earn Bitcoin micro-income. Faucets nowadays supply a small amount of Satoshis (anywhere between 50-10,000) every few minutes. Some of the more notable faucets are Bitcoin Aliens , Milli and Bitcoinker . Setting up a faucet is pretty hard for the average user since you need to have some programing knowledge in order to set up the system. However, lately a new Bitcoin faucet WordPress plugin was created that allows any wordpress user to set up his own faucet. The process is pretty simple and requires basic knowledge in operating the WordPress CMS. The plugin is currently in its Beta stages, which means that users may encounter bugs here and there but the developers are quick to respond and take care of them. Support is done mainly through the comment section on the plugin page. You may be asking yourself what’s the incentive for running a Bitcoin faucet? Well the answer is of course money. Faucet owners are able to make money from ads due to the huge amount of traffic these Bitcoin faucets are getting. In fact some of the most highly visited sites inside the Bitcoin ecosystem are Bitcoin faucets. In the past, faucets monetized their traffic through Google Adsense, but in the last few years Google started […]
