Friday, December 26, 2014

Who knew? Bitcoins from leaky faucets?

Hello all!

So, I've always been curious about this Bitcoin thing, but it was something that I never really looked too hard into - until about a week ago. And now, I'm addicted.

Anyway, as I've since discovered, there's tons of leaky faucets online where so long as you have a spare bucket, you can catch some falling Satoshi, which are the smallest denomination of Bitcoins. Think pennies. Or less than pennies I suppose since there's 100,000,000 Satoshi in a Bitcoin.

If you were curious, from the average, 1 Satoshi = US $0.0000032724 and 1 Bitcoin = US $325.87. These numbers are from http://www.btcsatoshi.com/ so feel free to check out that page for the latest information.

Anyway, these leaky faucets often collect into specific online buckets until they reach the tipping point when they are automatically poured into your own personal bucket (aka your Bitcoin wallet). Not really sure which wallet to choose, I picked, https://blockchain.info which so far has had two buckets of Satoshi poured into it.

So far both of these buckets were hosted through https://faucetbox.com, so I highly recommend finding leaky faucets which support faucetBOX, because they will promptly send the collected Satoshi's to your main bucket within 24 hours of filling their bucket. Their bucket becomes full at 13,000 Satoshi.

I've also tried some other faucets which deal with other collection agencies, but these have not yet completed the transfer of collected Satoshi, so I will not be endorsing these ones just yet. They do claim that they'll empty out their buckets into mine once a week though, so we'll see if this is the case.

As of now, FaucetBOX has emptied their intermediate buckets into my personal bucket twice to the amount of 30,775 Satoshi. (14,351 + 16,424 Satoshi). For using FaucetBOX, they retain 3% of any Satoshi you catch from leaking faucets - which seems like a fair amount.

Now that I know they pay, I will add some links to this blog so you all can see more stats about the various leaking faucets I've discovered as well as how leaky they are and how often they let you drop your bucket under them and collect.

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