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Thursday, January 18, 2018

Mine Cryptocurrency For Free Using Cointiply: Earn $8K in Bitcoin With The Bitcoin Faucet Experiment (Updated)

Bitcoin Faucets like Cointiply are a great way to obtain cryptocurrency if you don’t have the funds to invest in Bitcoin, but still want to invest in this growing asset class. Who knows what Bitcoin will be worth in 7 years.
Below, I show you how to make the equivalent of $8K in bitcoin using Cointiply.
But first, let's do a quick primer of bitcoin faucets.

What are Bitcoin Faucets?

A “faucet” is a term used in the cryptocurrency world. It means a place where you can go to claim a small amount of crypto (like 1% of $.01). There are hundreds of faucets out there. Some are scams, some (like Cointiply) are real.

 At first I (like many others) dismissed this as a Ponzi scheme. It isn’t. You are investing your time, nothing else. Faucet owners get paid by advertisers and in exchange they give you a portion of those earnings. I’ve been doing it for about a month and have made a successful withdrawal of coins to my wallet.

All you need to sign up for the faucet is an email address and a computer. Never give your ID, address or any payment information to any faucet.

Bitcoin Faucet Claims Are Small

Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. One year later at $3.19, $100 would have bought you 31 Bitcoin. In 2013, Bitcoin really took off to $724. In June 2017, no one thought Bitcoin could go much higher than $2,500. At the end of 2017, Bitcoin was trading for $13,170. Today it's trading for over $50K.

 No wonder people are fascinated with Bitcoin as an investment.

The biggest complaint about Bitcoin faucets is that “the amount of the claim is small.” If you are already wealthy or got in on cryptocurrency 7 years ago, I can understand your concern. Bitcoin faucets make small claims, but you never know where Bitcoin will be trading in 7 years. Still, this is a valid concern, especially for people with bills to pay and no extra time on their hands.

 This is my response to these concerns:

 1) The amount is small, but there are ways to maximize your earnings (I'll show you how to do this with
Cointiply below). Each faucet, like a game, has a few secrets that can greatly increase your earnings, sometimes by 500%. I’ll explain the key to maximizing your claim amount for each faucet in a moment.

 2) You can’t make a decent income by yourself, you need referrals. Those referrals must be users as well. It is not enough to simply give someone else your referral code. You also need to help them optimize the claim amount.

 3) Bitcoin is the front-runner in the fastest growing asset class in the world. As you can see from the chart below: the value of Bitcoin is highly volatile and tends to go up over time.

This is perhaps the most important aspect of this experiment for me. It gives anyone with an email address the ability to earn/mine crypto, just like Bitcoin miners were doing 7 years ago.

 In one year the value of the Bitcoin you have may be 10x what it is today. It could also be 10x less, but at least you don’t lose any money if you “mined” your Bitcoin from a Bitcoin faucet. In other words, the value of what you hold may be small today, but the value of cryptos is going up and if the trend continues, this is a way for you (for everyone) to invest even if you don’t have the money. If you don’t have access to your own computer, go to a computer lab or a library. Use your phone. It’s also a great way to hedge against those dollars in your savings. As the value of cryptocurrencies goes up, it will be against the dollar.

Not all faucets are the same

Some faucets are definitely better than others.

With Coinpot gone, Cointiply has taken the lead as the world’s best bitcoin faucet.

What does it mean to be the “best” faucet — it means providing the best opportunity for higher and consistent payouts.

How much can you make on

To figure this out, we need to create a model. The model is based on the following assumptions:

1 dollar = 10,000 Cointiply coins

1 Cointiply coin = $0.0001 dollars

1 bitcoin = 56,300 US dollars

1 bitcoin =563,000,000 Cointiply coins

Now let’s make some basic assumptions about your level of activity on Cointiply.

  •     There’s the main faucet, which can be boosted by increasing your Cointiplier (we’ll talk about how to do that in a moment).
  •     There’s also offer walls (visiting webpages, downloading apps, watching videos), surveys, videos, and paid to click ads.
  •     You can also boost your earnings temporarily and permanently by playing the game Cointivity, which is a little mining game created by the folks at Cointiply (we’ll talk about this a bit later as well).
  •     Last but not least, you can earn 5% interest on your balance if you have over 35,000 coins, which isn’t hard to do.

Let’s take a minute to model out how much you can make on each, starting with The Faucet.


If you're new to
Cointiply, start by signing up here, then make your first faucet claim by rolling the dice.This is the easiest way to make your first coin.

Cointiply has one of the best faucets out there. It’s attached to a progressive jackpot, which as of now is for 272,881 coins.

On average, I make around 30 coins per claim, but you can make anywhere from 22 to 280 coins. The amount depends on the roll.

For the purpose of creating a model, let’s assume you make 22 coins per roll and roll the faucet as often as the faucet allows (24 times a day or once every hour). If you do this, you will make 385,440 coins, $38.54 or 0.0006846181172 bitcoin in one year.

Seems small I know, but just wait.

Important: This is our baseline. I doubt you’ll be able to make a claim every hour on the hour, but you may also make more than 22 coins per claim, so it all evens out, especially because only a small portion of your payout is going to come from the faucet (unless you win the jackpot of course). The largest portion of your bitcoin will come from offers and maximizing those offers, which you’ll see in a minute.

Note: This baseline amount includes the loyalty bonus, which doubles your reward. You get a loyalty bonus of 1% for every day you make a claim on the faucet up to 100%. So as long as you make at least one claim per day, you will receive the loyalty bonus.
Offer Walls

Cointiply offer-walls are a great way to earn coins. According to the website, top users earn 100’s of thousands coins from offer walls. The most popular offer walls are Theorem Reach, Tap Research, Adscend Media and Adgate Media. There are more than a dozen others. They are all different, so find one you like and work it. The good news is you have variety.

A single survey or offer can pay as much as 300,000 coins, with many paying between 1,000 and 20,000 Coins. There are many offers for both US and non-US players.

Tip: always click on “Earn Coins” first. You will see a list of the most popular offers as well as any new ways to earn additional coins.

Some offers are for games and others are surveys or simply ads to click on. Games and offers pay the most, while pay-per-click ads pay the least (9 coins per click). Cointiply paid-to-click ads are pretty normal. You earn coins for visiting a webpage and they’re available all around the world.

Watching videos is one of the most passive ways to earn coins because all you have to do is pull up a video and have it streaming. My favorites are VideoFox, EngagMe and You need to see 3 ads before your account will be credited. The same applies to Hideout.TV. You earn points for every three ads that play between videos.

For our earnings model, let’s say you can commit to doing four offers per month that average out to 50,000 coins per offer.

That’s a total of 2,400,000 coins per year or $240.

Now let’s add videos.

Let’s say you can commit to watching two hours of video every day. You don’t really have to watch, just have it on. You are allowed to watch video from three different portals (cell phone, desktop, tablet) at one time. For the purposes of this exercise, we are going to be conservative and just use one portal for 2 hours per day. That’s a total of 43,797 coins per year or $4.38.

Next: What if we add interest to our model?

Earning Interest

Cointiply pays 5% annual interest on coin balances over 35,000 coins.

To earn interest, you have to maintain this balance and make at least 1 claim each week.

To start earning interest, you need to go to the settings page and toggle the “Enable Interest” switch and then save your settings. Interest is paid every Sunday night.

As a word of caution, be sure to place a 2FA on your account if you have enough to earn interest. You can find the 2FA set up in settings.

Interest is calculated using an annual interest rate of 5% paid out once a week based on your average daily balance. For example, if you have 100,000 Coins for a 1 week period you will earn 99 Coins interest for that week (100,000 * 0.05126 / 52.14). Based on our numbers above (approximately 7,400 coins per week) that equates to 370 coins per year. Not much, but you don’t have to do anything for it.

Next: Now let’s look at how much we can make on offers, games, video and paid per click ads.

So where does that put us?

If we add offers, videos and interest to our annual tally we get:

  •     2,831,958 coins
  •     $283.20; and,
  •     0.005030120818

Two things to keep in mind:

  •     When we first started this project, bitcoin was worth around $10,000 so these numbers are not static. For example, bitcoin extraordinaire, the person that introduced me to bitcoin, Max Kaiser predicts bitcoin will be trading at $240K by the end of the year. So he’s predicting an almost 500% growth rate this year.
  •     This amount is based on both conservative and aggressive assumptions.

So now that you know about all the ways to earn bitcoin on Cointiply, let’s talk about how you can boost earnings.

The Cointivity Game & It’s Impact On Earnings

This is perhaps the main reason I like Cointiply so much — there are so many ways to boost your earnings. The Cointivity Game gives you the ability to boost your earnings.

How much can it boost earnings?

The following is an overview of how much we’ve earned so far using the model:

As you can see, the largest percentage of your earnings come from doing offers. So you can really maximize your earnings by doing two things:

  1.     Increase the number of offers you do from once per week to every day.
  2.     Boost your earnings potential on the day that you do those offers by purchasing “items”.

If we increase the number of offers per week from once per week to seven per week, we can increase annual earnings from $283 to $1,724.

Cointivity Maximization Strategy:

Select one day a week to do all 7 offers and then purchase items that boost earnings for that day.

To understand this, first a little tutorial on how to purchase items.

CointiPoints are Cointiply’s reward point system. For every 10 coins you earn , you’ll receive 1 CointiPoint. The more Cointipoints you have, the higher your level. You can also use these points to buy “items”. The “items” are used for your “bitcoin mining business”.

The goal is to collect as many items as possible to be successful with your bitcoin mining business. However, you can only collect items if you have a “slot” to place the item in.

Each level you go up unlocks more “slots”, which allows you to have more items.

Now, let’s figure out what kind of “items” you can place in your slots.

Items: Equippables Vs. Consumables

Everyone starts off with 2 slots: 1 for Consumables and 1 for Equippables. Every time you unlock another level, you also get more slots to put your items in. Remember, you want lots of items because they boost your earnings, but you have to have slots to place them in.

There are two types of “items” that you can buy to help your mining business: Equippables and Consumables.

  1.     Consumables are items that are consumed or used in a short period of time. They are short-term in nature and the earnings boost from consumables is temporary.
  2.     Equippables are items that are part of your equipment. They are long-term in nature and they boost your earnings permanently.

Each item is also classified as Common, Uncommon, and Rare quality. Rare and Uncommon items boost your earnings higher than Common items.

Where can you find items?

In Pods. You can buy Pods with either CointiPoints or coins. Every Pod contains three items. The higher quality the Pod, the higher your chance of getting Uncommon and Rare items, which are worth the most.

In these Pods you will find “items” like the ones below.

We’re not done. There are also Cointivity Collections.

Cointivity Collections

Cointivity Collections are a way to get an even higher earnings boost. This is a great way to maximize earnings if you know you’re going to be on Cointiply for 4 to 72 hours.

Each collection requires a different group of items. The most valuable Collection also has the most Rare and Uncommon Items. Here’s a graphic from the website of the Collections currently available:

When you have all items in a Collection, a “LOCK IN” button appears on that Collection. Click the button, and you will be asked to confirm that you wish to activate the Collection.

TIP: If you know you’re going to have a big offer day, you might want to Lock In your Collection on the day before and then activate it on the day you are going to do the offers.

All of your items are part of your “Inventory”. So, at any point in time you can check to see how many items you have by clicking on Inventory. You can check out your level, your boosts, your slots, and the items you have in those slots by clicking on your Cointivity Profile. Also remember, that you can use the items to boost earnings or you can sell them for coins.

Let’s get back to maximizing strategy.

Our model assumes that on the day we complete 7 offers, we also purchase:

  •     three Equipables that permanently increase the offer reward by 2% each
  •     two Consumables that temporarily increase the offer reward by 3% each
  •     one Collectible which temporarily boosts my offer account by another 7%.

By doing this I can increase annual earnings from $1,724 to $2,147.

If we assume that Max Keiser is right, and bitcoin is going to grow by another 500% by year end, the amount could increase to $8,000 by the end of the year. And that’s just in 1 year!

Ready to get started click here!

Two more things before I send you off to start your bitcoin mining business — Chat Rain and Cointiply Multiplier.

Next: Chat Rain

Chat Rain

Chat Rain is an opportunity to make a portion of the Chat Rain pool. I’ve never made much on Chat Rain, but I want to include it here even though I don’t include it in the model because you don’t really have to do anything for it.

At the top of the Cointiply Chat forum is a water drop icon, along with how many coins are in the current Rain pool. Cointiply does not tell you how big the Pool needs to be before it “rains”, but you can see what your current share is by looking at the Progress Bar. When the Rail pool is paid out, the site literally rains. The rain looks more like snowflakes than rain, but it’s cute.

The amount you can make depends on how many coins you earn for that day. The more you earn, the higher your share of the Chat Rain pool. You can also donate to the Rain pool, but it doesn’t increase your share so I don’t know why people do it. Karma?
Important: You have to opt in to the Chat Rain pool by clicking on the “Tap to Qualify for Rain Pool” button.

Next: Cointiply Multiplier

Cointiply Multiplier

I’m not a big fan of gambling, so I didn’t mention this in the opening remarks. You want to earn and hold (or hodl as the bitcoin community likes to say). That said, if you’re into this for the gambling, you can wager as few as 10 coins or as many as 50,000 coins in Cointiply’s multiplier game. The maximum multiplier is 61.3x so you could make as much as 613 coins from a 10 coin wager, but it’s highly unlikely.

When you start a new round of the CointiPly Multiplier you will be presented with 11 different “targets” on the screen. The targets look like small white circles. If you win, you can either press your luck or play it safe and click the “Take Win” button at any time to claim your coins and end the round.
What’s Next

I’ll be researching the impact of referrals and premium memberships on earnings.

Final thoughts: Crypto is For Everyone

The world of investments is largely cut off from people that don’t have the means, but crypto isn’t. I have family and friends on both sides of the wealth spectrum and this is a great way for both to accumulate coins. Those that have money, but are worried about Bitcoin’s viability, can use faucets as a no risk way to participate in the crypto boom. Those that don’t have the money can also use this as a way to participate.

Translation: If you don’t have $1 million (or even $10,000), Cointiply is a great way to earn crypto.