Recently, three different startups have begun offering a way for anyone to earn bitcoin by uploading content such as images and videos. Bitcoin.com examines the differences between the three platforms.
Loopnroll allows users to publish photos, short videos and animated gifs along with music that plays while viewing. For each view that a post gets, a small amount of bitcoin is earned by its poster. “Our site is about one year old, but the BTC feature is just a few days old”, the Loopnroll team told Bitcoin.com, adding that “There are about 10,000 posts on the site”.
According to the website, the company shares “about 50% of our profit” with users, and previous day’s earnings are automatically sent daily to users’ bitcoin wallets with no minimum payout. “Your earnings will primarily depend on: number of views and geo-location of viewers”, the website says. “A view from Sweden is worth a few times more than a view from Somalia”, the team clarified.
Of the three platforms, Loopnroll’s interface looks the most like Imgur, the world’s most popular such website.
File Army launched its website in January, and an Android app shortly thereafter. Users upload images and earn money when their posts are viewed, liked, and also when someone follows their account. Occasionally, bonus money is offered from various activities such as “logging in, opening newsletters and more”, the site says, adding that they are working on “introducing pay-to-moderate soon”. Users are paid daily without any minimum payout size. Currently, JPG/JPEG, GIF, PNG and BMP are the supported file formats.
The service has a unique pay scale based on the amount and quality of traffic which “is graded over time”, according to the site’s FAQ page. The scale potentially allows the service to pay power users more than its competitors because “Users producing high-quality traffic can earn higher rates”, the startup explained.
In File Army’s payout structure, there are overall 9 grades of pay. A new user starts off at the rank of Corporal and gets promoted or demoted depending on the quality of their traffic. Corporals earn $1 per 4,000 views, $1 per 100 likes and $1 per 50 followers. However, Corporals have a cap of $2 per day. Meanwhile, the maximum one can earn is $1 per 750 views, $1 per 50 likes, and $1 per 5 followers. This level is referred to as the ‘Emperor’ and has a daily cap of $5,000.
One drawback to this system is that earnings received must be received in File Army’s official bitcoin wallet called Bitcoinwallet.com. This web-based service is another project by File Army’s founder Price Givens, who has also created Fiatleak.com and a few other online businesses.
File Army’s platform has a white background, and instead of the familiar side menu, visitors have to swipe left or right to view more posts.
The service that has been paying bitcoin for uploaded images the longest is Supload, which describes itself as “free image hosting that splits the profits with you from advertising”. Bitcoin.com has already profiled Supload back in December.
The service also looks similar to Imgur with a few slight differences, and allows users to upload images and videos. Currently, jpg, png, webp, gif are supported file types for images and mp/4, webm, mov, avi, and gif are supported for videos, which must be restricted to 30 seconds.
The site pays 50% of its profits generated from ads displayed on its website and the minimum payout is $1, which can be withdrawn at any time.
Which of the three platforms do you prefer? Let us know in the comments section below.
Images courtesy of Shutterstock, LoopNRoll, File Army, Bitcoinwallet.com, and Supload
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