.png)
Moon Faucet is really a collection of 3 faucets: Moon Bitcoin, Moon Litecoin, and Moon Dogecoin. They all work on the same basic principles, just with different cryptocurrencies, so I've decided to lump them all together. I decided to start hitting faucets to learn more about the world of cryptocurrency with no risk. After hitting these faucets for a month, here's what I learned.
The Good
Easy signup - All I had to do was enter my wallet address to start earning. No email address, no actual registration. Your login is your wallet address, no password needed. It was super easy and fast to get started.
Continual earning - One of the unique features of this faucet is that the amount you earn increases over time. For the first 5 minutes (the minimum time required between claims), the rate of accumulation is the highest. The longer you let the faucet sit between claims, the slower it accumulates. The more frequently you claim, the higher your rate of return. But of course, this needs to be balanced with the effort required to solve the captchas and the rest of life. For myself, I found making a claim a couple times a day was reasonable.
The Payouts - The faucets pay out once you hit a certain amount of each currency. The Litecoin, Bitcoin, and Dogecoin faucets pay out at 500,000 litoshi, 25,000 satoshi, and 100 doge, respectively. After a month, I qualified for 2 Litecoin payouts, and 1 each of Bitcoin and Dogecoin, netting me roughly 1,278,000 litoshi, 108 doge, and 25,300 satoshi. Not going to make me rich, but enough to learn about transactions and maybe some trades, which was the goal.
Bonuses - For each day you consecutively hit the faucet, you earn an additional 1%. You also get a randomly determined mystery bonus. So you're always receiving more than the baseline payout promised. If you use the faucet every day, it can add up rather quickly.
Support - The support chat was really good. Anytime I had a question, they were fast, friendly and helpful. Other sites could learn from their support infrastructure.
The Bad
The Ads - My god, the ads. There are so many ads. I'm sure that's why it pays out decently, but it can be a little intimidating at first. Once you get used to the layout of the pages, it's navigable, but you have to be persistent and keep closing ads to get to the goal.
The Captchas - Once you navigate the overwhelming sea of ads, you have to solve the captchas. I have never encountered captchas that are so difficult to get through. I often have to go through 2 rounds of multistep captchas to get to the claim. And the captchas are slow. I've gotten pretty good at solving these things quickly, but it takes a couple seconds for the pictures in the captchas to refresh, so I'm sitting waiting for pics to load (and no, the issue is not slow wifi, I've tested it on 4 different networks, all with the same result).
Wallet Inflexibility - When I first signed up, I didn't really know what I was doing. I signed up with a wallet provider, then used that wallet address at moon faucet. When I learned a bit more and realized I wanted to switch to a different wallet, I found out that the ability to sign up with just a wallet address has a downside too. I couldn't change my wallet address without losing my accumulated funds as well as my daily bonus accumulation, since my new wallet address would be an entirely different account. I ended up waiting until I had hit my payout threshold, then switched my wallet address. I still had to start over on my daily bonus accumulation, but at least I didn't lose my coins. I got my payout to the old address, then started earning on the new address.
App is a data hog - They have an android app, which I found to be more convenient than the website on a mobile device, as you can get notification reminders. However, after running it for a week, I noticed my data utilization was much higher than usual, and it turned out that Moon Faucet was the culprit. So I now only use the faucet on wifi. If you have an unlimited plan it doesn't matter, but it's something to watch out for.
In Summary
On the whole, this faucet has served its purpose. I earned some coins of various types and have furthered my understanding of the cryptocurrency technosystem. In the future, I probably won't use this faucet as vigorously as I have for the past month, but it is a way to earn some crypto with fairly minimal effort. And when Dogecoin is worth $1000 a coin, I'll have a nice payday.
If you found this information helpful and would like to sign up, I'd appreciate you using my referral links below. It doesn't cost you anything, but it does give me a referral bonus. Thanks for reading!
Congratulations @methus! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPThe Catchpas load up quickly for me so I wonder what's going on there. The problem I have is sometimes they don't work first time and they have to be done two or three times in a row.