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Title: Why do people use faucets? Post by: Enzyme on August 29, 2015, 07:36:09 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example. Title: Re: Why do people use faucets? Post by: Possum577 on August 29, 2015, 07:49:22 AM No one's using faucets in place of a job (it's economically not possible.) People use faucets because it's "free" bitcoin and "free" has a crazy allure to it...it pulls people in. Also, a lot of the faucet sites have a gambling aspect which gives people the opportunity to earn more.
1. Freebitco.in: Has a lottery each week, which pays 10 different people various amounts up to close 1BTC AND it as a gambling/wagering option 2. Xapofaucet (see my profile for a link): Has a daily bonus for people that use the site daily and has a mystery bonus on random claims so you could get 1-100% added to your claim...again, it's like gambling They're easy, they're free...what's not to understand? Title: Re: Why do people use faucets? Post by: n2004al on August 29, 2015, 07:56:05 AM The most of the people who use faucet are beginners in bitcoin and hope that with this method will have some bitcoin. Then are attracted by the free money. faucets give free bitcoins and this have a psychological effect that make them to use their time to take those free "money".
Title: Re: Why do people use faucets? Post by: GriffinHeart on August 29, 2015, 08:06:47 AM Its cheap "cash" and without a good asic, they tend to earn more there than mining.
Title: Re: Why do people use faucets? Post by: nizamcc on August 29, 2015, 08:09:58 AM They use faucets because they are in a well and they think that's their only world.
They use it thinking they will earn something big, will become rich by doing faucet thing and might get some COINS for doing that. Stupids don't even know that they are already giving their complete time and wasting their electricity before something which isn't worth anything if compared to what they are dedicating. Title: Re: Why do people use faucets? Post by: jacktheking on August 29, 2015, 08:18:08 AM I agree that the payout is too low but people use faucet to get free Satoshi. I also agree that doing other online job such as downloading app is better. However, in the future you will see more innovated revenue sharing site like mine which give out 0.015 BTC to user - http://bitrevenues.com/. :).
Title: Re: Why do people use faucets? Post by: NorrisK on August 29, 2015, 08:19:59 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. They are quite good for new people to learn how to use the wallet and such. Other than that, I don't see much use for it... Title: Re: Why do people use faucets? Post by: Nextgen on August 29, 2015, 08:20:05 AM well on the first plce not everyone does fucets ...most probably people who are new to bitcoin and who dont know about forums and all that try faucets ..
Title: Re: Why do people use faucets? Post by: dollarneed on August 29, 2015, 08:37:09 AM i used faucet when i recognize bitcoin for the first time,my friends recomended me to get a free bitcoin from faucet and learn about how to using wallet,send and received bitcoin etc ,for me its worked yeah its clasic and of course wasted my time but its such a good exprience for me
Title: Re: Why do people use faucets? Post by: Swordsoffreedom on August 29, 2015, 08:51:28 AM They can be fun to play with when your getting into Bitcoin
(Kind of funny though that when I first started using facuets the tiny dust values started to become tangible amounts before the price crashed and it went back down in the long run, those penny's can become nickels if the price moves enough ha-ha. Title: Re: Why do people use faucets? Post by: Proxiebuier on August 29, 2015, 09:01:27 AM i know you are Sr member and you can earning more BTC from your signature campaign and other service
but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? Title: Re: Why do people use faucets? Post by: Metadextrous on August 29, 2015, 09:08:07 AM For collecting small amounts to cover up the transaction fees? i know that faucet really gives small reward and does not worth the reward they give, but hey it's still a "free" money for some people.
Title: Re: Why do people use faucets? Post by: btccashacc on August 29, 2015, 09:16:18 AM Why do people use faucets?
play faucet just for fun :) because i can use some satosi from faucet to pay my fee transaction Title: Re: Why do people use faucets? Post by: randy8777 on August 29, 2015, 09:29:53 AM For collecting small amounts to cover up the transaction fees? i know that faucet really gives small reward and does not worth the reward they give, but hey it's still a "free" money for some people. the free thing is what makes people farm faucets while as you also said, it's barely worth the time. but for some people even the satoshi dust is a little bit of extra income, and combine a week of these tiny rewards, and some one in a third world country has got a nice extra revenue stream. Title: Re: Why do people use faucets? Post by: planetroving on August 29, 2015, 09:38:12 AM When I started with Bitcoin two years ago, it was already too late to mine. The only I knew at that time was to use faucets, which I used everyday for a few months, earning a tad more than dust. So the reasons are:
- only way to earn Bitcoins I knew of - simplest way to get Bitcoins - get Bitcoins for free That was for me and plus, I don't use faucets anymore. Title: Re: Why do people use faucets? Post by: Jeremycoin on August 29, 2015, 09:47:45 AM Because they want Bitcoin, and it's so easy to earn it with Faucet even it's just a small amount.
And also, because they don't know about Signature Campaign that can give them a lot more of Bitcoin. :D Title: Re: Why do people use faucets? Post by: Kprawn on August 29, 2015, 10:11:25 AM I think it's a no-brainer Mr. Moneybags. ::) ..... You walk down the street and you see a penny.... you pick it up. You walk 2 meter further and you
see another penny.... you pick it up.... this continues for the next two streets ..... At the end of the block, you walk into the corner shop, and you buy yourself a Coca Cola with those pennies. Get it? It's free money ..... You can use it for parking money or a free drink... it's as simple as that. It's also FUN... when you bored. ::) Title: Re: Why do people use faucets? Post by: Denker on August 29, 2015, 10:16:44 AM Faucets are great to get some small amounts of Bitcoin for Beginners to get used to how transactions work for instance. They can play with their wallets a bit and get a feeling for how this is different to other payment methods. At least this is what I used faucets for back in the days.
Title: Re: Why do people use faucets? Post by: Velkro on August 29, 2015, 10:41:20 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. I must agree, its waste of time. So much quicker ANY other job/work.Title: Re: Why do people use faucets? Post by: MUFC on August 29, 2015, 10:44:29 AM No one's using faucets in place of a job (it's economically not possible.) People use faucets because it's "free" bitcoin and "free" has a crazy allure to it...it pulls people in. Also, a lot of the faucet sites have a gambling aspect which gives people the opportunity to earn more. I agree and disagree. Some people must be trying to use faucets as a job because some just seemingly spend their entire time trying to get as much dust as possible from as many faucets as they can. If they had jobs they wouldn't bother wasting their time like this. I agree that most newbs just use them because they think its the easiest way to get free coins but the sooner they realise they're wasting their time the better. Title: Re: Why do people use faucets? Post by: NorrisK on August 29, 2015, 10:47:14 AM i know you are Sr member and you can earning more BTC from your signature campaign and other service but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? That guy must have a serious list if referrals to get an income like that.. Probably hundreds of people collecting under him.. Not realistic for most. Title: Re: Why do people use faucets? Post by: seedtrue on August 29, 2015, 10:49:44 AM I used to run an alt faucet (CLAMS). A lot of gamblers would use it in between deposits to the dice site. Not as a way to get rich, but a way to get a tiny bit of betting coins in between deposits. Or sometimes others would use it to keep from being bored while they wait to buy more coins.
Title: Re: Why do people use faucets? Post by: Amph on August 29, 2015, 11:22:09 AM because they are the easiest way to get free coins, no hassle of any kind like those site that need you to watch stupid video or compelte half-assed surveys
also if you can come up with a good bot, you can actually make a good profit better than a few s5 antminers Title: Re: Why do people use faucets? Post by: Tartaravatar on August 29, 2015, 11:45:21 AM cause Bitcoin faucet is a World Wide Web website that gives out "free" bitcoins (BTC) in exchange for doing a simple task,
such as clicking on an advert, solving a CAPTCHA, or viewing a webpage for a certain amount of time. There are also faucets that dispense alternative cryptocurrencies. Title: Re: Why do people use faucets? Post by: examplens on August 29, 2015, 12:01:34 PM i know you are Sr member and you can earning more BTC from your signature campaign and other service but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? wow respect for this account how many referrals is need to have 0.00619810 BTC per day Title: Re: Why do people use faucets? Post by: ANON.PURGED on August 29, 2015, 12:02:35 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. It is just for fun, Most of faucets owner have done this with their curiosity , boredness, and skills. These faucets are recommended for poor / new people that uses BitCoin. Title: Re: Why do people use faucets? Post by: BlueYozakuraBTC on August 29, 2015, 01:01:46 PM I like faucets because they're fun. With the right amout of referrals you can actually bring in some nice numbers. The biggest issue is getting people to just click. First you have the old timers in btc that think "eww that's so stupid" then you have the people that know nothing about btc and are afraid to get involved.
The people that can live off a month of faucet work typically make maybe no more than $1400-$1500 a year salary so they can easily ( with numbers) cover all of their expensese in a month. Realistically they could potentially bring in more than the average person trying to mine btc on their basic home computer. <-Not that you can actually even do that anymore realistically. There are so many ways to earn bitcoin and right now there are some generous sites out there that are giving it away and it's fun. Title: Re: Why do people use faucets? Post by: acquafredda on August 29, 2015, 01:06:04 PM I think faucets are a good way to save on transaction fees.
When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think Title: Re: Why do people use faucets? Post by: Jeremycoin on August 29, 2015, 01:12:45 PM i know you are Sr member and you can earning more BTC from your signature campaign and other service You are the best dude, maybe you can write a motivational thread about earning Bitcoin with faucet.but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? Or even write a book and sell it with Bitcoin :) Title: Re: Why do people use faucets? Post by: scumbag on August 29, 2015, 01:15:57 PM I guess everyone who uses bitcoin experienced using faucets since it is the easiest way to get bitcoins for free.
If you have a lot of referrals then faucets is for you, but if none, try another way to earn bitcoins for free. Title: Re: Why do people use faucets? Post by: Nikinger on August 29, 2015, 01:24:15 PM I rarely use faucets when I want to round up my BTC balance.
When having balances like 0.09975 whilst needing 0.1, faucets are great. Title: Re: Why do people use faucets? Post by: boliu on August 29, 2015, 01:36:25 PM I think the word is FREE
Title: Re: Why do people use faucets? Post by: maku on August 29, 2015, 02:57:03 PM I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. Title: Re: Why do people use faucets? Post by: Mickeyb on August 29, 2015, 03:03:00 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. I agree 100%, faucets are a complete waste of time where you can't earn nothing but some bitcoin dust. The only people that earn from faucets are the faucet operators. Why are people using them? Well these are mostly newbies that don't know much about Bitcoin and that think they will actually make some money by typing captchas. After some time, when people see that they can't make anything, they give up. Title: Re: Why do people use faucets? Post by: Za1n on August 29, 2015, 03:09:59 PM Yes, faucets are meant for newbies to get some bitcoins for free and get the feel for using them. They can then transfer them to a wallet, see how the fees work, maybe accumulate a few more and try gambling etc. I do not think anyone using a faucet expects to get rich off of them, but it is a good way for someone new to bitcoin and maybe a bit leery on how it works to get experience before risking their own funds.
Title: Re: Why do people use faucets? Post by: coinableS on August 29, 2015, 03:26:43 PM Faucets are a good time killer for those that are looking for some extra bitcoin.
Signature campaigns are better methods for extra BTC if you have SR member or higher rank. But there are also games you can play that pay out via faucets, so it's not just all captcha entering. For example have you ever played primedice and used their faucet? It's pretty cool except you can't cashout unless you 5000X the faucet amount. DISCLAIMER: SELF PROMOTION: That's why I created faucet+dice (http://coinables.website/faucetbox). It's a full provably fair dice game you can play that has no minimum cashout amount since it pays out via faucetbox. So you can immediately withdraw and just use it like a faucet or you can play dice and withdraw when you're done. Title: Re: Why do people use faucets? Post by: lexuz on August 29, 2015, 03:48:44 PM i know you are Sr member and you can earning more BTC from your signature campaign and other service he have insane skills and i dont know how he got that referralbut why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. I think Faucet is one of best way to get free money if you have time you just need spend a little bit of your time in front computerCheckout /r/beermoney for example. Title: Re: Why do people use faucets? Post by: Possum577 on August 29, 2015, 03:54:17 PM I rarely use faucets when I want to round up my BTC balance. When having balances like 0.09975 whilst needing 0.1, faucets are great. Haha, if it was so easy to earn BTC0.1 with a faucet, everyone would be doing it. That's 10,000,000 Satoshi, when the avg faucet offers 850 an hour, 11,764 claims or clicks or hours. Title: Re: Why do people use faucets? Post by: acquafredda on August 29, 2015, 04:05:14 PM I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. I don't understand what you mean. Can you explain a little more? I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them... Title: Re: Why do people use faucets? Post by: Nikinger on August 29, 2015, 04:09:03 PM I rarely use faucets when I want to round up my BTC balance. When having balances like 0.09975 whilst needing 0.1, faucets are great. Haha, if it was so easy to earn BTC0.1 with a faucet, everyone would be doing it. That's 10,000,000 Satoshi, when the avg faucet offers 850 an hour, 11,764 claims or clicks or hours. Title: Re: Why do people use faucets? Post by: btc-facebook on August 29, 2015, 04:10:03 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. When I noob on bitcoin , faucet taught me how I can earn bitcoin and how to save it rather than spend it. Guess what ? When I'm earned 17.000 satohi / week or BTC 0.00017 on freebitco.in , I was so happy. So faucet is the best practice for new people who want to know how bitcoin can be earn. Title: Re: Why do people use faucets? Post by: Possum577 on August 29, 2015, 04:12:19 PM I rarely use faucets when I want to round up my BTC balance. When having balances like 0.09975 whilst needing 0.1, faucets are great. Haha, if it was so easy to earn BTC0.1 with a faucet, everyone would be doing it. That's 10,000,000 Satoshi, when the avg faucet offers 850 an hour, 11,764 claims or clicks or hours. Nik, so you're using faucets to make up the difference betwee 0.09975 and 0.1? That makes more sense...you're looking for 0.0002500? That's definitely possible in a day...I get it, thanks. Title: Re: Why do people use faucets? Post by: dothebeats on August 29, 2015, 04:21:10 PM When you say the term "free", the tendency is people will gather to redeem it no matter how small or big it is. Same with how faucet works. They give you free pennies while you do their work for them through watching/clicking advertisements. Though what they don't know is that dust transactions often bring unwanted events. See http://bitcoin.stackexchange.com/questions/10986/what-is-meant-by-bitcoin-dust
Title: Re: Why do people use faucets? Post by: coinableS on August 29, 2015, 04:25:12 PM When you say the term "free", the tendency is people will gather to redeem it no matter how small or big it is. Same with how faucet works. They give you free pennies while you do their work for them through watching/clicking advertisements. Though what they don't know is that dust transactions often bring unwanted events. See http://bitcoin.stackexchange.com/questions/10986/what-is-meant-by-bitcoin-dust Hardly any faucets are on-chain faucets anymore. Most of them use xapo or faucetbox now. Yes there are still some faucets that will send payouts once a week using one transaction with a couple inputs and then sending to hundreds of outputs creating dust, but most faucet owners are switching to off-chain solutions these days. Title: Re: Why do people use faucets? Post by: Possum577 on August 29, 2015, 05:10:37 PM They give you free pennies while you do their work for them through watching/clicking advertisements. Not exactly. People that play the faucets do the work they get paid for, i.e., look at a web page. People that run faucet websites do the work they get paid for, i.e., create online real-estate to have ads and find people to look at those ads. Don't confuse the two. Everyone involved is doing their own work to get their own pay. Title: Re: Why do people use faucets? Post by: maokoto on August 29, 2015, 05:48:21 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. As for me, I use it to get some small amount of free bitcoins when there is no other way to do it. Beermoney is OK, but most sites are U.S.A. only, or do not have a continuous flow of tasks. Signature campaings are good, but sometimes you just don't know what to write or do not feel like it. Also, I use faucets while a do other regular online jobs. I get to load one or two faucets in between page loading and take some satoshis, then continue working. It adds up and I do not lose time doing faucets alone ;D Title: Re: Why do people use faucets? Post by: apriyani420 on August 29, 2015, 06:43:41 PM i think they want to earn some money to gamble with so they dont loose the required money besides that they might use it for saving money
Title: Re: Why do people use faucets? Post by: sifou on August 29, 2015, 07:13:06 PM No one's using faucets in place of a job (it's economically not possible.) People use faucets because it's "free" bitcoin and "free" has a crazy allure to it...it pulls people in. Also, a lot of the faucet sites have a gambling aspect which gives people the opportunity to earn more. I agree and disagree. Some people must be trying to use faucets as a job because some just seemingly spend their entire time trying to get as much dust as possible from as many faucets as they can. If they had jobs they wouldn't bother wasting their time like this. I agree that most newbs just use them because they think its the easiest way to get free coins but the sooner they realise they're wasting their time the better. Thank You Fore Posting Title: Re: Why do people use faucets? Post by: Cryptlexity on August 29, 2015, 07:16:11 PM I think faucets are great, there is a low barrier of entry and anyone can use it to learn more about bitcoin. It will never replace a job to purchase bitcoin. Its a risk free investment of just time.
Title: Re: Why do people use faucets? Post by: sana9821 on August 29, 2015, 07:18:29 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. I must agree, its waste of time. So much quicker ANY other job/work.Title: Re: Why do people use faucets? Post by: maku on August 30, 2015, 05:49:32 AM I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. I don't understand what you mean. Can you explain a little more? I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them... Quote The most common problem when using faucets is the small payment. Every time you receive a bitcoin payment to your wallet you have a new input to spend at a later date. Think of this like a lump of bitcoin you can use later. When you later want to use these lumps of bitcoin they need space as part of the transaction your wallet creates for you. This is usually 180 bytes per input. A bigger (in terms of byte) transaction will need more fees in order to be confirmed in a reasonable amount of time. Each block offers only a limited amount of space (currently 1 MB) and if you need a big chunk of the space a big chunk of your available funds will be used as fee for the miners. Faucets try to counter this by creating payout limits, but they are often set very small. A reasonable fee for a transaction with less than 1000 byte in size is 10,000 Satoshi. If the payout limit is 100,000 Satoshi and you try to spend this input, you will have to spend 10% on fees. If you want an example how bad this can end, I helped someone recover from this a while back, in numbers: ~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees. Source: https://bitcointalk.org/index.php?topic=1044399.0 (https://bitcointalk.org/index.php?topic=1044399.0) Title: Re: Why do people use faucets? Post by: Thekool1s on August 30, 2015, 05:56:31 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. It takes 5 seconds do a roll on freebitco.in and we can win upto 1 Btc. What are we losing here? People use it just for luck etc purposes, Faucets cant be replaced by a job. and freebitco.in has lottery so what are we losing. I have like 3 active referrals and i make around 50K satoshi from them. Title: Re: Why do people use faucets? Post by: Kprawn on August 30, 2015, 06:49:40 AM I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. You obviously have not used faucets linked to Xapo. ;) ....I can collect loads of Satoshi's from different faucets linked to Xapo and make one transfer from Xapo to my Bitcoin address. That can cover all my transaction fee's for a month, making Bitcoin transactions on the Blockchain Free! {Faucets pay for it} Or you can pay someone directly via Xapo for something, if they use it, and pay NO transaction fee's. Alternatively you could use one of these faucets and disable the "auto withdrawal" feature and send faucet income to your main Bitcoin address, when it clears the "dust" levels.... and use that to cover your expenses. There is many ways to counter "dust" from faucets my friend... Just do a little homework... and you too will have FREE Bitcoin transactions. :o Title: Re: Why do people use faucets? Post by: Q7 on August 30, 2015, 07:55:12 AM Those people who got into faucets are probably newbies. They need a way to earn something and experiment with the coin before deciding and then seeing the value of bitcoin. I agree it's totally not productive as getting a real job will earn you much more than spending the time clicking all day, but then it's free and it's fun, so why not?
Title: Re: Why do people use faucets? Post by: lahm-44 on August 30, 2015, 08:10:57 AM peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence
Title: Re: Why do people use faucets? Post by: acquafredda on August 30, 2015, 11:51:44 AM I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. I don't understand what you mean. Can you explain a little more? I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them... Quote The most common problem when using faucets is the small payment. Every time you receive a bitcoin payment to your wallet you have a new input to spend at a later date. Think of this like a lump of bitcoin you can use later. When you later want to use these lumps of bitcoin they need space as part of the transaction your wallet creates for you. This is usually 180 bytes per input. A bigger (in terms of byte) transaction will need more fees in order to be confirmed in a reasonable amount of time. Each block offers only a limited amount of space (currently 1 MB) and if you need a big chunk of the space a big chunk of your available funds will be used as fee for the miners. Faucets try to counter this by creating payout limits, but they are often set very small. A reasonable fee for a transaction with less than 1000 byte in size is 10,000 Satoshi. If the payout limit is 100,000 Satoshi and you try to spend this input, you will have to spend 10% on fees. If you want an example how bad this can end, I helped someone recover from this a while back, in numbers: ~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees. Source: https://bitcointalk.org/index.php?topic=1044399.0 (https://bitcointalk.org/index.php?topic=1044399.0) Thanks man I completely ignored this at all! I'll have a deep look on it. That's not what I thought. Good to know now Title: Re: Why do people use faucets? Post by: btccashacc on August 30, 2015, 01:36:12 PM peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence +1 so we can't we can not directly blame them it helps us provide insight Title: Re: Why do people use faucets? Post by: bootycamp on August 30, 2015, 01:38:54 PM i use faucets to just make some small amounts of bitcoins to have something to gamble with
Title: Re: Why do people use faucets? Post by: neochiny on August 30, 2015, 01:40:42 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. i use faucets on my free time and when killing time. i dont see bad things that i should stop doing it. besides its free.. and theres nothing i can lose when i use it... small satoshi when you combine all it will be big.. you can never make 1BITCOIN without those satoshis. getting a job online or whatever is a different topic. you will not enjoy it... :P Title: Re: Why do people use faucets? Post by: Solange on August 30, 2015, 01:57:04 PM Faucets are just the first way newbs try to get their hands on their first coins without having to pay anything. I used them for a few days back in the day but quickly stopped when I realized I was wasting my time.
Title: Re: Why do people use faucets? Post by: takingthis4 on August 30, 2015, 02:16:08 PM its kinda stupid to use faucets i think you cant make a lot of it and its just wasting time
Title: Re: Why do people use faucets? Post by: btccashacc on August 31, 2015, 02:53:04 AM still use faucet just for make me fun
http://prntscr.com/8au00f Title: Re: Why do people use faucets? Post by: alone bird on August 31, 2015, 03:51:26 AM most of peoples using faucets because they r new and noob in btc ....
I was also using faucets but later on I left that stupid faucets because they have less reward in order to earn more and enough money ..... but I suggest these to beginners who are noob in btc they can try to earn some cents in free mode.... Title: Re: Why do people use faucets? Post by: Shubhankar-01 on August 31, 2015, 04:01:23 AM Some of people are uses faucets.but faucets are not a popular site.it like a lottery to claim your free btc now.if it use then give low low btc we get
Title: Re: Why do people use faucets? Post by: Brad Harrison on August 31, 2015, 04:03:13 AM I use to run a few faucets but never used them, fun times and made some decent money from them
Title: Re: Why do people use faucets? Post by: kpitti on August 31, 2015, 12:27:47 PM I am quite often working being online on computer. There is very easy to go on some of the faucet and try luck.
Title: Re: Why do people use faucets? Post by: afriezalie on August 31, 2015, 01:04:57 PM Sometimes people use faucet because they own a faucet rotator so they just collect reff bonus from other users, or sometimes they want to spend their time, or learn more about bitcoin with faucet.
Title: Re: Why do people use faucets? Post by: RGBKey on August 31, 2015, 01:08:41 PM People like getting free money, and for some reason people like getting free bitcoin even more than free money. Just seeing another transaction going into your wallet is satisfying.
Title: Re: Why do people use faucets? Post by: Proxiebuier on August 31, 2015, 02:49:48 PM Sometimes people use faucet because they own a faucet rotator so they just collect reff bonus from other users, or sometimes they want to spend their time, or learn more about bitcoin with faucet. +1 some people use multiple account to collect from referal bonnus and he can double his earning it's a tactic from faucet hardcore Title: Re: Why do people use faucets? Post by: faridkifly on August 31, 2015, 02:50:41 PM The most of the people who use faucet are beginners in bitcoin and hope that with this method will have some bitcoin. Then are attracted by the free money. faucets give free bitcoins and this have a psychological effect that make them to use their time to take those free "money". yeah i agree with you dude.because they are begginer so dont know best way to get btc.. i used to be like that, but after i know signature campaign I started to leave the faucet Title: Re: Why do people use faucets? Post by: Proxiebuier on August 31, 2015, 03:29:21 PM The most of the people who use faucet are beginners in bitcoin and hope that with this method will have some bitcoin. Then are attracted by the free money. faucets give free bitcoins and this have a psychological effect that make them to use their time to take those free "money". yeah i agree with you dude.because they are begginer so dont know best way to get btc.. i used to be like that, but after i know signature campaign I started to leave the faucet so this is a beginner too ? :-\ https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 Title: Re: Why do people use faucets? Post by: lazlopanaflex on August 31, 2015, 04:43:22 PM Check out my sig for some good faucets :D 8)
Title: Re: Why do people use faucets? Post by: coinzat on August 31, 2015, 06:24:58 PM It is free and everyone loves to get something free even if it is some pennies only
Title: Re: Why do people use faucets? Post by: novadragon on August 31, 2015, 11:13:16 PM one reason being faucet provide free coins every hour :)
Title: Re: Why do people use faucets? Post by: cellard on September 01, 2015, 12:11:00 AM I think it's understandable. Once you understand the importance of Bitcoin something clicks in in your brain and you become desperate to make Bitcoin everyday at all costs, this includes measures like faucets. Everyday not getting Bitcoin is a wasted day.
Title: Re: Why do people use faucets? Post by: maokoto on September 01, 2015, 12:12:55 AM so this is a beginner too ? :-\ https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 Incredible!! How is this even possible? This must be due to tons of referals or something. If it is not so, I would love some tips ;D Title: Re: Why do people use faucets? Post by: allthingsluxury on September 01, 2015, 01:30:47 AM I believe they are simply for fun to most people, I doubt anyone is trying to make a living off them. That wouldn't be a good living.
Title: Re: Why do people use faucets? Post by: RGBKey on September 01, 2015, 03:02:55 AM The "free" word is catchy at first, at least till you do the math. I still use freebitco, hey, it takes just a few seconds each hour (or so), considering I am a lot of time in front of my laptop (since I am kind of a software engineer) I do not see the problem with it. Exactly, and think, there are plenty of people that never actually get a cashout so they only end up making money from the ads.Title: Re: Why do people use faucets? Post by: crazywack on September 01, 2015, 03:14:59 AM extra bits for our dice addictions :P
Title: Re: Why do people use faucets? Post by: tadakaluri on September 01, 2015, 04:17:50 AM Faucets are the best way to learn practically about How Bitcoin Works - without any investment. This is must and should for beginners.
At the same time, I know few people who live with Faucets!! So don't underestimate Faucets. Title: Re: Why do people use faucets? Post by: ralle14 on September 01, 2015, 04:52:00 AM maybe they have alot of referrals thats why they use faucets :)
others rake more coins than what you think 8) Title: Re: Why do people use faucets? Post by: megatown on September 01, 2015, 04:56:46 AM Faucets are fun.
Title: Re: Why do people use faucets? Post by: ObscureBean on September 01, 2015, 07:06:07 AM Faucets aren't useless. They're a great way for newbies to earn their first Satoshis plus they're accessible to people of all ages. It can be exciting for seven year old who doesn't get a lot of pocket money to collect BTC from faucets and eventually have enough to afford a $1-$5 game on steam :)
EDIT - or better yet, use the Bitcoin directly to buy a second hand console game from JJgames ;) Title: Re: Why do people use faucets? Post by: Franciem on September 01, 2015, 07:08:18 AM maybe they have alot of referrals thats why they use faucets :) others rake more coins than what you think 8) yoshhhh you can choose bigger reward referal some faucet give 50-100% Referral commission https://bitcointalk.org/index.php?topic=330599.msg12296573#msg12296573 Title: Re: Why do people use faucets? Post by: Possum577 on September 01, 2015, 07:13:37 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. You're stupid! Kidding, of course. one reason being faucet provide free coins every hour :) Free coins every hour are cool, but it's totally misleading to call it coins...you do mean satoshi, free satoshi every hour - or every 5 minutes at xapo (check out the link in my profile). Has anyone won a major lottery or pay from faucets? I've been getting 90%+ bonuses but no big jackpots. Anyone make it to 10,000 rolls on freebitco.in? Title: Re: Why do people use faucets? Post by: Possum577 on September 01, 2015, 07:32:51 AM Faucets are the best way to learn practically about How Bitcoin Works - without any investment. This is must and should for beginners. At the same time, I know few people who live with Faucets!! So don't underestimate Faucets. These people you know who live with faucets - how old are they and where do they live in this world? Let's be honest. Title: Re: Why do people use faucets? Post by: flock123 on September 01, 2015, 07:45:58 AM perhaps because the faucet provide free coins and gave many coins as you have many referrals
Title: Re: Why do people use faucets? Post by: BlueYozakuraBTC on September 01, 2015, 07:46:32 AM so this is a beginner too ? :-\ https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 Incredible!! How is this even possible? This must be due to tons of referals or something. If it is not so, I would love some tips ;D Damn so would I! I've been doing apps by phone etc. Share the wisdom. I even saw one guy's video where he does a bunch back to back. Title: Re: Why do people use faucets? Post by: Franciem on September 01, 2015, 09:26:44 AM so this is a beginner too ? :-\ https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 Incredible!! How is this even possible? This must be due to tons of referals or something. If it is not so, I would love some tips ;D Damn so would I! I've been doing apps by phone etc. Share the wisdom. I even saw one guy's video where he does a bunch back to back. damn look at his address https://blockchain.info/address/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 he also get from other weekly faucet :o Title: Re: Why do people use faucets? Post by: Honestman on September 01, 2015, 09:34:39 AM I thing the newbies go to faucet! The reasons are that they try to get some BTC and find out what it is! No one will just put in their own money to BTC at the beginning!
Title: Re: Why do people use faucets? Post by: mallard on September 01, 2015, 10:03:05 AM damn look at his address https://blockchain.info/address/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 he also get from other weekly faucet :o Are all of the coins in that address from faucets? Title: Re: Why do people use faucets? Post by: ashour on September 01, 2015, 11:16:42 AM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. Probably because people don't have time to work or maybe because they want to earn a few bucks in a couple minutes without spending much effort. And faucets are perfect for exactly that, earn money for small effort like captcha typing. Title: Re: Why do people use faucets? Post by: b457 on September 01, 2015, 02:25:57 PM Faucets could be useful for new users in the bitcoin space.
So they get a feeling how it is to receive bitcoins and how long (or short) the confirmation time is. Title: Re: Why do people use faucets? Post by: bitjamz on September 01, 2015, 03:01:16 PM faucets are only worth the time if you can get alot of referrals
Title: Re: Why do people use faucets? Post by: Aggressor66 on September 01, 2015, 03:27:51 PM Well, the best way to make the faucet worth your time is by referring people, unless you have the free time to hit all of the faucets out there every half hour, you’re probably not going to extract all the bitcoin you could out of them.
However, they’re free and it is possible to build up a decent amount of satoshi over time. Title: Re: Why do people use faucets? Post by: tennozer on September 01, 2015, 03:57:04 PM Faucets are easy way to learn begining of bitcoin. Firstly, I earn my first satoshis from faucets and I will contunie to earn from them. There are so many faucets at the begining of bitcoin and they will be.
Title: Re: Why do people use faucets? Post by: erikalui on September 01, 2015, 04:10:08 PM They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more. Checkout /r/beermoney for example. It's not stupidity but people often take part in faucets or captchas to spend some free time and earn BTC. Many of them have over 100 referrals and for them it's a good deal to make over $2-$10 daily. Yeah, it sounds like working for pennies but everyone has their own choice to make. Title: Re: Why do people use faucets? Post by: wxa7115 on September 01, 2015, 05:55:04 PM Personally, I used faucets to familiarize myself with the bitcoin technology, when I first began I read FAQS and some websites and it seemed that bitcoin was complicated, but after trying the faucets, receiving and sending money, I realized that bitcoin was extremely simple, and finally I was ready to put some money on it (not much thought).
Title: Re: Why do people use faucets? Post by: bitwarrior on September 03, 2015, 04:34:13 AM Faucets serves as a starter experience for the noobs and get acquainted with BTC. Others use them for farming and get few satoshis along the way. A free and easy way of getting BTC. I also started playing BTC with the introduction of faucets.
Title: Re: Why do people use faucets? Post by: afriezalie on September 03, 2015, 04:44:04 AM People use faucet to learn more about bitcoin. For stater it's the best way to learn and recognize about bitcoin for the first time. It's also an alternative way to try your luck beside of gambling
Title: Re: Why do people use faucets? Post by: wenG on September 03, 2015, 04:49:21 AM Faucet is great for as a beginner in the bitcoin I can get bitcoin.
Title: Re: Why do people use faucets? Post by: hardtime on September 03, 2015, 06:10:45 AM why? because its the easiest and the most newbie friendly way to earn bitcoins, that's the only reason i know
Title: Re: Why do people use faucets? Post by: Patatas on September 03, 2015, 08:30:01 AM I think some still use faucet cuz it's much easier way to earn bitcoins(especially to newbies) compared to other tasks like trading, freelancing, etc. Personally, I use faucets only when I have an extra time to earn some little bits
Title: Re: Why do people use faucets? Post by: S4VV4S on September 03, 2015, 09:56:29 AM Faucets is a good way to get in to Bitcoin if you are a newbie and cannot afford to buy Bitcoins or mine them.
Use that in combination with a signature campaign and as a new starter you are on your way to Bitcoin land. Title: Re: Why do people use faucets? Post by: tennozer on September 03, 2015, 09:59:56 AM Faucets is a good way to get in to Bitcoin if you are a newbie and cannot afford to buy Bitcoins or mine them. Use that in combination with a signature campaign and as a new starter you are on your way to Bitcoin land. This is a totally good explaination for way to bitcoin land. My way was like that and now I learn something about bitcoin by using faucets. Because I learned bitcointalks forum while I was looking for new faucets and then I sign up here and reading reading then learning. Title: Re: Why do people use faucets? Post by: Falconer on September 03, 2015, 04:42:50 PM Because faucet is one of many ways to earn bitcoin. If its not wasting our time, surely faucet still be popular until now.
Title: Re: Why do people use faucets? Post by: Hugroll on September 03, 2015, 04:44:21 PM even though it only pays a few measly cents. its still a good source for beginners to bitcoin
Title: Re: Why do people use faucets? Post by: RGBKey on September 03, 2015, 04:48:06 PM Yeah, faucets aren't only a place for free money, it's where you can get just enough bitcoin to send your first transaction or two.
Title: Re: Why do people use faucets? Post by: Dire on September 03, 2015, 04:54:09 PM I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more.
Faucets are a safe way to begin using BTC without any potential loss. Title: Re: Why do people use faucets? Post by: RGBKey on September 03, 2015, 05:27:12 PM I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more. Well, there is the aspect of building up a lot of dust transactions in your wallet, then the next transactions to include all those inputs are going to take forever to confirm or cost a lot of money in transaction fees.Faucets are a safe way to begin using BTC without any potential loss. Title: Re: Why do people use faucets? Post by: maokoto on September 03, 2015, 05:47:48 PM I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more. Faucets are a safe way to begin using BTC without any potential loss. Good point. I know of a friend that is waiting for just that. Plus, you can optimize faucet claims by opening several faucets at the same time and claiming while others load, or having a selection of faucets with fast loading captchas (solvemedia typed captchas are a lot faster to load). You can also optimize more using some other altcoins.... many faucets are good but usually only 4 or 5 are really good and more worth the time. Taking other cryptos (litecoin, doge) into account, you can save some time on getting more value. All that takes work, but you can be a more professional fauceter optimizing all that. ;D Title: Re: Why do people use faucets? Post by: cefen6777 on September 03, 2015, 06:28:54 PM i personally use it because it is a free way of earning bitcoins
Title: Re: Why do people use faucets? Post by: Pips on September 03, 2015, 06:32:25 PM i personally use it because it is a free way of earning bitcoins You're earning a couple pennies worth of bitcoins; hardly any amount to considering getting any at all. Title: Re: Why do people use faucets? Post by: Mickeyb on September 03, 2015, 07:23:26 PM I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more. Faucets are a safe way to begin using BTC without any potential loss. Good point. I know of a friend that is waiting for just that. Plus, you can optimize faucet claims by opening several faucets at the same time and claiming while others load, or having a selection of faucets with fast loading captchas (solvemedia typed captchas are a lot faster to load). You can also optimize more using some other altcoins.... many faucets are good but usually only 4 or 5 are really good and more worth the time. Taking other cryptos (litecoin, doge) into account, you can save some time on getting more value. All that takes work, but you can be a more professional fauceter optimizing all that. ;D Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof. The only person that earns from faucets is the faucet owner since the people keep bringing traffic to his faucet/web site. Everything else is just not worth in my modest opinion. Title: Re: Why do people use faucets? Post by: maokoto on September 03, 2015, 07:51:01 PM Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof. And while you earn your $100... and wait that BTC rise....in some place, far away, someone will be fauceting ;D Yes, I understand your point, and your are quite right, if you have a job to get those $100. But many do not even have it. Why do not faucet for a month, then start trading and maybe have those $100 two months later? Or perhaps learning about faucets enough and running their own faucet? Not easy, but not impossible either. A faucet worker is the best person to run a faucet later. Title: Re: Why do people use faucets? Post by: Pab on September 03, 2015, 07:53:17 PM It is easy to earn some btc,thay use,thay have referrals,if you will see faucet demographic stats you will see that thayare coming from poor countries where even one dollar count
Title: Re: Why do people use faucets? Post by: darkangel11 on September 03, 2015, 07:59:00 PM It is easy to earn some btc,thay use,thay have referrals,if you will see faucet demographic stats you will see that thayare coming from poor countries where even one dollar count true. People don't realize that in some countries a minimum wage is around 1USD per hour. You can get more from a sig campaign.Title: Re: Why do people use faucets? Post by: Wapinter on September 03, 2015, 08:00:10 PM The most of the people who use faucet are beginners in bitcoin and hope that with this method will have some bitcoin. Then are attracted by the free money. faucets give free bitcoins and this have a psychological effect that make them to use their time to take those free "money". I use faucet to cover my transaction fee which,if I pay from my hard earn bitcoin,gives me heartache:D besides faucet are good source of some free satoshi in your free timeTitle: Re: Why do people use faucets? Post by: Ginguin on September 03, 2015, 08:07:36 PM I literally created my first wallet this week and started using faucets last night. I am quickly coming to the realization that it isn't worth my time. I may do a few more rounds to hit the faucetbox threshhold and get my first bits in my wallet, but that may be the end of my 1 day faucet experience.
Title: Re: Why do people use faucets? Post by: Mickeyb on September 03, 2015, 08:19:04 PM Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof. And while you earn your $100... and wait that BTC rise....in some place, far away, someone will be fauceting ;D Yes, I understand your point, and your are quite right, if you have a job to get those $100. But many do not even have it. Why do not faucet for a month, then start trading and maybe have those $100 two months later? Or perhaps learning about faucets enough and running their own faucet? Not easy, but not impossible either. A faucet worker is the best person to run a faucet later. Fair enough, you made a valid point. Who doesn't have any money, not just those $100, he is better off hitting those captchas and faucets than sitting on their a** and doing nothing! I guess their is no case unique for anything in this world, the same goes for the faucets! :) Title: Re: Why do people use faucets? Post by: RGBKey on September 03, 2015, 08:28:03 PM The people that are using faucets are likely also people that don't have the money or aren't financially stable enough to drop $100 on bitcoin.
Title: Re: Why do people use faucets? Post by: snipie on September 03, 2015, 10:56:38 PM All you have to do is to use the highest paying faucets.
Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24) Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example :o Title: Re: Why do people use faucets? Post by: Cxinbolen on September 03, 2015, 11:01:19 PM All you have to do is to use the highest paying faucets. I used faucets when I started bitcoin but the amount you get may be a couple dollars a week but that requires you to spend at least 30 minutes a day on the faucets, and that's really not worth the payout.Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24) Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example :o Title: Re: Why do people use faucets? Post by: klf on September 13, 2015, 06:39:53 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
Title: Re: Why do people use faucets? Post by: Enzyme on September 15, 2015, 06:31:31 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.Title: Re: Why do people use faucets? Post by: Patatas on September 15, 2015, 06:50:31 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. I strongly agree with you man! Faucets were the introduction to earn bitcoin. Most likely if someone new to btc asked you how to earn bitcoins, you'll probably answer faucets ;) Title: Re: Why do people use faucets? Post by: Will.i.am Shakespeare on September 15, 2015, 10:36:59 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.Maybe back in the day but now its easier to just earn from signature campaigns and at least its not a waste of time which faucets are. Title: Re: Why do people use faucets? Post by: Miiike on September 16, 2015, 11:59:06 PM But for a newbie who have no access yet to sig. campaign, and don't want to take any risk on investing btc from real local currency, is there any other way to collect better btc or mBTC or satoshi other than faucet?
I read on this forum too that cloudmining is a huge scam? I think faucets are a good way to save on transaction fees. What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee. It's my way to put those money back into the BTC system I think You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that. I don't understand what you mean. Can you explain a little more? I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them... Quote The most common problem when using faucets is the small payment. Every time you receive a bitcoin payment to your wallet you have a new input to spend at a later date. Think of this like a lump of bitcoin you can use later. When you later want to use these lumps of bitcoin they need space as part of the transaction your wallet creates for you. This is usually 180 bytes per input. A bigger (in terms of byte) transaction will need more fees in order to be confirmed in a reasonable amount of time. Each block offers only a limited amount of space (currently 1 MB) and if you need a big chunk of the space a big chunk of your available funds will be used as fee for the miners. Faucets try to counter this by creating payout limits, but they are often set very small. A reasonable fee for a transaction with less than 1000 byte in size is 10,000 Satoshi. If the payout limit is 100,000 Satoshi and you try to spend this input, you will have to spend 10% on fees. If you want an example how bad this can end, I helped someone recover from this a while back, in numbers: ~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees. Source: https://bitcointalk.org/index.php?topic=1044399.0 (https://bitcointalk.org/index.php?topic=1044399.0) I've give my time to study it, and it is indeed educational, but does somebody mind to tell me this, is this mean every time I play faucet, no matter which faucet it is, I will directly and instantly and inevitably fall into satoshi dust? Title: Re: Why do people use faucets? Post by: fravia on September 17, 2015, 02:01:56 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.It looks great when you got your first satoshi. Title: Re: Why do people use faucets? Post by: tyrexs on September 17, 2015, 03:36:21 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. yes first i know about bitcoin and i got my first satoshi from faucet freebitco.in and i find all about bitcoin informationTitle: Re: Why do people use faucets? Post by: Laosai on September 17, 2015, 10:26:34 AM Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin. yes first i know about bitcoin and i got my first satoshi from faucet freebitco.in and i find all about bitcoin informationwe're the same , i also started claiming satoshis on freebitco.in and since then, i became interested on bitcoin and now earning decent amount of btc. faucet is very useful as a start to know bitcoin Title: Re: Why do people use faucets? Post by: dinda22 on September 17, 2015, 12:25:39 PM because the faucet is very easy to get, though easy but I do not play faucet. Yeah everyone knows that a very small income and a waste of time :)
Title: Re: Why do people use faucets? Post by: Lucius on September 17, 2015, 02:33:57 PM because the faucet is very easy to get, though easy but I do not play faucet. Yeah everyone knows that a very small income and a waste of time :) For you, is certainly a waste of time because you make fortune on signature campaign... Do you know that in some countries people work for less than $ 1 a day,so if they can make some money over the faucet for them is certainly not a waste of time. Title: Re: Why do people use faucets? Post by: minionsgelato on September 19, 2015, 05:11:04 PM people use faucets to get free cryptocurrency instantly with easy way (no needed to learn more to earn it)
even it was only micro earnings but it better than get nothing Title: Re: Why do people use faucets? Post by: thefaucetrunner on October 20, 2015, 07:53:38 AM Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof. And while you earn your $100... and wait that BTC rise....in some place, far away, someone will be fauceting ;D Yes, I understand your point, and your are quite right, if you have a job to get those $100. But many do not even have it. Why do not faucet for a month, then start trading and maybe have those $100 two months later? Or perhaps learning about faucets enough and running their own faucet? Not easy, but not impossible either. A faucet worker is the best person to run a faucet later. Precisely. I noticed someone is posting the BTCFaucetList Faucetbox links - https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 Well here is a link to my Faucetbox for anyone interested: https://faucetbox.com/en/check/14MyUFoF9SeXkJG9Cp8N3w2uuTrvLrVEpt All of that started from running through faucets. I now own my own and I can say that faucets were the best thing that ever happened to me. So many snobs on here who really don't understand the faucet world and still think that Freebit and Moonbit are the highest paying sites :D Title: Re: Why do people use faucets? Post by: rkandrades on October 20, 2015, 12:34:04 PM Well.. I'm using faucets for 4 purposes.
1. Earn money by Adsense Ads 2. Earn Free satoshis to help me to keep my own faucet balance 3. To advertise my site 4. To direct traffic for my others pages like my Rotator and Raffle pages Perhaps I could think some more goals... But I guess this is enough... :D Title: Re: Why do people use faucets? Post by: winspiral on October 20, 2015, 12:37:33 PM Well.. I'm using faucets for 4 purposes. 1. Earn money by Adsense Ads 2. Earn Free satoshis to help me to keep my own faucet balance 3. To advertise my site 4. To direct traffic for my others pages like my Rotator and Raffle pages Perhaps I could think some more goasl... But I guess this is enough... :D almost same for me...just not "1. Earn money by Adsense Ads" Title: Re: Why do people use faucets? Post by: rkandrades on October 20, 2015, 12:44:48 PM Well.. I'm using faucets for 4 purposes. 1. Earn money by Adsense Ads 2. Earn Free satoshis to help me to keep my own faucet balance 3. To advertise my site 4. To direct traffic for my others pages like my Rotator and Raffle pages Perhaps I could think some more goasl... But I guess this is enough... :D almost same for me...just not "1. Earn money by Adsense Ads" I'm having fun taking care of my faucet and learning about security and PHP programming. There a lot of good things about faucets. I don't why some people continue thinking faucets as a purely waste of time. At my university vacation I will create two more faucets. I have some hot ideas. :) Title: Re: Why do people use faucets? Post by: SatHunter on October 20, 2015, 03:04:19 PM I earn from faucets, they are fun. And they are very safe if you get paid right away or the faucet has been there a long time. I have been investing my earnings to try to increase them, but it's very risky to invest anywhere. I'm using several investments, to spread the risk around, but 1 day, my faucet earnings will pay me 1 btc a month or more.
Title: Re: Why do people use faucets? Post by: pilscoop on October 21, 2015, 03:48:13 AM It's easy, it's free. Once you get bored you start to get creative and learn new ways to earn Bitcoin. I'd say faucets are very important at this stage of Bitcoin to help promote it.
Title: Re: Why do people use faucets? Post by: pilscoop on October 21, 2015, 03:58:42 AM i know you are Sr member and you can earning more BTC from your signature campaign and other service WOW.but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? May I ask how did you find this guy? I mean, from which website/rotator/list? How can someone get so many referrals? That's what I'm aiming to do with my website. Title: Re: Why do people use faucets? Post by: thefaucetrunner on October 21, 2015, 04:14:01 AM i know you are Sr member and you can earning more BTC from your signature campaign and other service WOW.but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? May I ask how did you find this guy? I mean, from which website/rotator/list? How can someone get so many referrals? That's what I'm aiming to do with my website. That's werko's account, he ran BTCfaucetlist.net and some other sites. His sites used to do insane numbers. Title: Re: Why do people use faucets? Post by: rkandrades on October 21, 2015, 02:20:44 PM i know you are Sr member and you can earning more BTC from your signature campaign and other service WOW.but why you think people do faucet is stupid ?? look at this guy https://faucetbox.com/en/check/1LB8EJsDQZQt5X2EPHvKgHw1F66xLUUCj1 https://i.imgur.com/gG3yRTx.jpg so are you stupid to think this is stupid ? May I ask how did you find this guy? I mean, from which website/rotator/list? How can someone get so many referrals? That's what I'm aiming to do with my website. That's werko's account, he ran BTCfaucetlist.net and some other sites. His sites used to do insane numbers. I'm getting good traffic from btcfaucetlist.net. How He do this? I'm not getting more than 70k satoshi a day from my referrals... Would be great to learn this magic. hahah Title: Re: Why do people use faucets? Post by: Wapinter on October 22, 2015, 09:49:50 PM Most of people do not have other sources to earn or get bitcoin.Buying bitcoin is also not possible for everyone due to high prices.This is where faucets come in handy.Although you cant make fortune with faucets but if it is free,whats wrong with that?
Title: Re: Why do people use faucets? Post by: rkandrades on October 23, 2015, 01:53:42 PM Most of people do not have other sources to earn or get bitcoin.Buying bitcoin is also not possible for everyone due to high prices.This is where faucets come in handy.Although you cant make fortune with faucets but if it is free,whats wrong with that? There a lot of people making good money with faucet. I'm talking about their owners. Faucets with good traffic could generates a lot of money from Ads and referrals. Everytime I saw people discussing about faucets they always say it is waste of time. But they are thinking about users and visitors. For users of course it is hard to get money, but not impossible also. Title: Re: Why do people use faucets? Post by: Wapinter on October 24, 2015, 08:09:09 PM Most of people do not have other sources to earn or get bitcoin.Buying bitcoin is also not possible for everyone due to high prices.This is where faucets come in handy.Although you cant make fortune with faucets but if it is free,whats wrong with that? There a lot of people making good money with faucet. I'm talking about their owners. Faucets with good traffic could generates a lot of money from Ads and referrals. Everytime I saw people discussing about faucets they always say it is waste of time. But they are thinking about users and visitors. For users of course it is hard to get money, but not impossible also. Title: Re: Why do people use faucets? Post by: winguard on October 25, 2015, 05:32:07 AM Why do people use faucets?
They give away free money and to newcomers teach them the basics of micro transactions. Title: Re: Why do people use faucets? Post by: Miiike on October 25, 2015, 06:29:56 PM Why do people use faucets? They give away free money and to newcomers teach them the basics of micro transactions. It gave a steady income too, in spite of being very small. But since it's free, there's nothing to complain Title: Re: Why do people use faucets? Post by: rkandrades on October 25, 2015, 06:35:39 PM Most of people do not have other sources to earn or get bitcoin.Buying bitcoin is also not possible for everyone due to high prices.This is where faucets come in handy.Although you cant make fortune with faucets but if it is free,whats wrong with that? There a lot of people making good money with faucet. I'm talking about their owners. Faucets with good traffic could generates a lot of money from Ads and referrals. Everytime I saw people discussing about faucets they always say it is waste of time. But they are thinking about users and visitors. For users of course it is hard to get money, but not impossible also. Well.. I still playing faucets as a user because this helps me to get funds to my faucet balance too. With the amount that I get from faucets I need to purchase less bitcoins to input in my faucet. It is a way to save some money too. Title: Re: Why do people use faucets? Post by: winspiral on October 25, 2015, 06:48:59 PM I believe it is why it is more or less sure.
For the most part absolutly no problem. then you have the ones with tricks... and of course the ones never paying you... But globally you have the choice to select the good ones. |
