Bitcoin Forum

If you like BTC you have to use at least one faucet.     EDB3 :o3 (https://bitcointalk.org/index.php?topic=1533026.msg16617300#msg16617300)

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.  
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

I think the effect of faucet owners buying bitcoin to pay faucet users will not have any significant effect on marketcap and actually faucet was created on early days to distribute bitcoin for free so that other can test bitcoin and know it better. So basically faucet these days are just way for new members to grab few low amount of bitcoin to test how it works or for pocket money and few amount of profit to faucet owners from bitcoin adnetworks which sometimes is even lower than the amount owner have to pay to users.

i would have expected such a ridiculously wrong topic from a newbie member but not from a Sr. Member after 10 months of using bitcoin!!!

the earning from faucets is too small that even if every single faucet stopped working today nothing would have changed in the world.

the market ca is 15,929,964 BTC by the time of writing this and daily trade volume is 107,378BTC
and more importantly the estimated transaction volume was 294,468.5BTC now do you honestly think the tiny amounts that faucets are dealing with which is not even 0.1BTC per month can be compared to 294K bitcoin?!!!

- all data was retrieved from coinmarketcap and blockchain.info

edit (ps) 20% of this amount is 58,893.6BTC which faucet owners combined can no even see in their dreams ;D

If faucets are what it takes for BTC to survive, thrive and go mainstream that is all the reason one would need to dump their holdings and forget about BTC.

OP is little wrong here, market cap from micro section is not that high I believe. Not to mention some good casino that have more money involved every day than micro section for a month.
I doubt in speculation that micro earning section have more then 20 % in bitcoin market cap, that is too much. That are faucets, how many active faucets there is. And how many claims one faucet need to have to give just 1 bitcoin? When you see it like that, my speculation is that micro earning section have less then 1 % market cap.

I voted rather BS but I agree with the Nonsense option too. Whatever the number of faucets might be the amount you can claim is so small that no way it would influence the market cap in any significant way if all the faucets would disappear at once.

it is not rather BS but it is fully BS because you are dreaming about the volume these faucets are handling which is really really small because of the amount they earn and also the amount they pay.

What is number of bitcoin in total all faucets may pay to users everyday ? --- around 10 Bitcoin
and so total marketcap that may come from faucet owners will be 10 bitcoin and in that also most of the bitcoin almost 100% or more than that come to owners pocket from ads so i am not seeing any new money flowing towards bitcoin market cap through faucet owners.

You would get different responses to this question... The wealthy people think faucets are a waste of time and the poor think it is FREE

money and Manna from heaven. { Did I spell that right? .. Manna } ... The main goal of the first faucets, was to distribute small amounts

of bitcoins to people, to introduce them to the currency and the technology. These days, it has grown into a massive money making

method for a select few, and some sort of income for the very poor. I am one of the few, who seem to think, if faucets was used in the

correct manner, it would still stimulate adoption. { I would rather want alternatives where people perform micro tasks for small rewards,

but this is something for the future, when side chains and off-chain tx's become the norm. }  I will accept any method to place bitcoin

into people's hands.  ;)

i think the whole topic is nothing but nonsense faucets are made to distribute btc and to get some in return by the website traffic but their constant flow is actully a small cycle or servic which is only helping to spread btc thats all none of the market cap will effeft with this tiny stuff

faucets only small part of bitcoin and in my opinion if there are no people using faucet again that only have effect for the faucets owners not for the market cap indeed faucet owners always buying bitcoin for recharge their faucet but that only small transaction if we compare from exchange activities from buying and selling bitcoin and there are plenty bigger transactions in trading and from other activities who related bitcoin so even though in the future there is no more faucet i think that would not have effect for bitcoin and the price

Faucets have a place, but the survival of bitcoin is in no way dependent on faucets.

I gave up about faucets long time ago. Because of one week of daily updating pages and watching it's commercilas bringed me the same money that I make today with couple of comment's. I am for faucets only in the beggining of your registration here on this site, first month you are nobody here and only in a month you get your first rank of newbie and can start to make your coins. So to not waist that first month make at least something with faucets. I don't know any faucet sites that brings really good money, if someone know, please write here  ;)

Really? I have to say... I beg to differ. Freebitco.in have 3,218,256. Registered Users { Ok, Most might be duplicates or idle } but it's still

a lot of people using some kind of Bitcoin based system. To top that, this faucet have paid out 68 293 bitcoins since it started a few

years ago. This is only one faucet.... { well one of the biggest } but you get the idea. There are currently 1 000's of other faucets, paying

millions of Satoshi's every day, to people all over the world. Do not underestimate the amount of money going through these faucets

daily.  ::)

I agree with this guy. I just started in the bitcoin community. I also looked up some faucet that can produce free bitcoin. But the more I use it, the more I think that this is not worth it. I think it will be better for me to invest on my knowledge regarding bitcoin and so on.

As how to make money as the newbie (like me).. I don't know. I'm still looking for efficient way.

According to me I Don't think that It Affects the Demand and Supply of Bitcoins and According to me Claiming Bitcoins From a Faucet is Just Wastage of Time.....
On Faucets We Don't Earn Much Bitcoins and I Prefer to Use Signature Campigns For Better Earnings.....

I totally agree with you that a Sr.Member is asking this type of question, by this we come to know that all Sr.Memer are not fully technically knolwedged about bitcoin and its functions. This is because their are so many users who are buying the high accounts to join Signature campaign.

You are telling about 20% but i tell that even 2% of the share is no even seen in their dreams by the faucet owner.

Faucet is just for time pass not the main stream of income.

chill guys, faucet is needed for bitcoin world.
like it or not, most of the new users comes from a faucet, the idea of making easy money on internet always worked as a good advertising for bitcoin.

is true? is it easy money? of course not.. you will need to work A LOT to achieve a significant amount(by significant read 0.1 lol) so it isnt good to earn bitcoin, but still good advertising for bitcoin.

Faucets might be a small part of the entire bitcoin market but still it is a part of it somehow. I agree on the part that one way or another we 'have' to use faucets and that thing or instance is only for us to 'experience' how everything works around bitcoins, nothing more. We don't or we won't even see a few mBTC in our wallets by using only faucets and even if you have thousands of those, I guarantee you, you will just waste your time. Also, even if all of the faucets closed abruptly, it wouldn't even make a dent on the whole marketcap. It's like a single grain of salt removed in a whole salt factory.

The marketcap consumed by micro-earnings or faucets which is 20% or whatever will probably add up to some other thing if people stop using them or they disappear as the demand of bitcoin is already a lot in the community and none of them are willing to choose micro-earnings to fulfill their demands.

I think it wouldn't make a tiny bit of difference to btc's price if faucets sites disappeared, micro earning sites do help newbies to get started with bitcoin but they don't power 20% of market cap.

Faucets are good for people new to bitcoin but a serious bitcoin user has not got time to mess about with such crap earnings, and actually they end up putting your fees up eventually when you use coin from a faucet.

I like the whole faucet concept and I am still using some of them because I've build and big referral list that gives me a nice passive income every month,it will not make me rich of course but as long as it is passive it is more than welcome.
But let's be honest faucets may be important for newbies but if they all disappear tomorrow the impact on Bitcoin ecosystem will be insignificant.

Faucets is good earning method for the newbies and new comers to Bitcoin world, I believe that every bitcoiner has used faucet before, but now it is difficult to come back to faucets after we discovered other methods which are much better of claiming faucets, faucets now are waste of time, at least look at your signature and think how much time you need to earn an equal amount of Bitcoin to the amount you get by posting this post.

I really doubt the faucet owners do buy bitcoin directly, just the big paying faucets have to do such with their adsense earnings, the most faucets do use networks that pays in bitcoins, soo they just balance the income and the payments doing such. The faucets marketplace is currently one of the biggest into transactions done, and i do believe into payouts as well, i do believe around 5-10bitcoins are being credited  into those people which use them.

I met this new world of cryptocurrency dem few months, and for some I faucets on the Internet and smartphone.
 I have a list I update almost daily separating the faucets that pay more, who are not paying, finally in 40 days could join 0.09580104. And I'm creating a faucet if they want to take a look to stay http://www.lorenabit.16mb.com/ will

I like your idea, however i don't think many advance bitcoin user liked your idea because 1 month faucet earning can be earned through 2 or 3 post from signature campaign, there are still a lot of user use faucets especially the newbie in bitcoin world, so don't worry faucet is going to extinct

I don't know if the makes much sense... The faucet earnings are very low these days... People aren't making much money with that. I don't know if faucet users have power to influency market cap. Maybe a bit...

I'm always using faucets, low profit, but let's help the faucet owners and earn some satoshis with it.

I think faucets do serve a purpose, especially for those newbies trying to figure out how to earn a little amount of bitcoin. I have to admit that the first earning I had came from a faucet by solving captchas, although most other faucets aren't really worth the time for those who have better things to do.

Faucet's is a small part of the bitcoin and that is will not consuming over than 2% of the total market cap and why because too many faucet are get a die caused by can't making their capital for running their faucet. I just assuming the top 10 of the bitcoin faucet and every of them are not having more than 50 btc in their hand and I could assuming if the 50 btc are very larger for the small task like a faucet.

100% pure garbage. There's no money in faucets and everyone with half a brain has figured that out. It's great to get a few Satoshis when you're a newbie but if anyone is trying to earn a decent amount from faucets they're just wasting hours to earn pennies. No. 20% of the market cap is not coming from faucets.

This is  just  nonsense,  i clicked   the  option on  the  poll.  Even though faucets are  part on  bitcoin ecosystem  but still  it wont affect much   even  people  would  leave all those  faucets things  because  its really a waste of  time and  effort and people would  surely  find  another way to earn  even more and also  faucet sites are  gradually  decreasing because  its  not profitable  nowadays for the owners of it.

only idiots think faucet is Free money or even a good way of earning money because there are so many downsides in using a faucet.
the waste of time is the most obvious one that everybody would think of as soon as you say faucet!

but another important thing that is usually ignored is that using faucets will create lots of dust (micro UTXOs) in your wallet and when you want to spend them you find out that you have to pay a couple of days worth of faucet work to pay the fees.

also another important thing is that you can get infected with malwares just by visiting a website especially since they force you to turn your adblock off!

Faucets are good when people first learn about Bitcoin.
It gives you a chance to get some coins, make a wallet and store them.
Then you can practice sending/ receiving some coins so you know how to make a transaction.

But once you have that knowledge, a faucet pays so little for your time.
You will be lucky if you earn a couple pennies a day from all the sites put together.
There are simply better things you can do with your time.

this is not true and it does not even make any sense!
neither faucet users nor the faucet owners make any significant money so you can even call it a percentage of daily volumes! at best it is only 0.01% of the total volume which is transacted everyday with bitcoin and that percent is with a lot of room.

p.s. what does your yobit key giveaway has to do anything with anything here that you posted a link to it in your OP?!!

I just think if the faucet is consuming not more than 1% total cap of the btc. and caused by a lot of faucets are die and just there is a little percentage of faucet are still alive untill this time.

Thanks for your thoughts so far guys. Some posts though... so much anger, much wow  :o
I suppose my initial claim was kinda wrong but lets check something here.
If a successful faucet, like for example faucetGo, can pay out 2.5BTC in a week -> this gives 10BTC in a month. There are ~1400 faucets in faucetbox alone (BTC and others combined)
Raw calculations tells me that ~14KBTC is needed every month to sustain status-quo and this is for faucetbox alone. Don't know how many stand-alone micro earnings websites are out there but those numbers can easily double. Now how about surveys providers? Those are also paying serious amounts every day. I would say that 40K Bitcoins are being spread across the globe every month, just from micro-earnings/faucets. Try to see a bigger picture here. If this branch is no more than 40K have to have some overall impact on the BTC price.
Don't get me wrong, I'm not saying you what to do with your time :) just wondering that's all.

iam only use faucet to find bitcoin
i have not faucet iste, iam not owner faucet site

I must admit that I started with faucets.
But faucets were more creative at that time, and the amount they paid was worth at least a little something.
These days faucets are flooded with advertisements in letters I can not even read and you get 100 Satoshis per claim!
100 Satoshis! If you are lucky! With the chance to get a nasty virus that destroys your computer. That's ridiculous!

Nobody today can make amounts with faucets that are worth the time you put in it. Not the user, not the owner.
The only people who profit from faucets are the ones behind the bot atacks. And I really don't want to support those.

Interesting theory.

I`ve never used faucets and i will never use them.It`s a waste of time.

I don`t think that btc price depends on how much faucet owners buy btc to giveaway to the faucet users.

Maybe true if many people are using the faucet, but only a few people are use it and I think no effect on market cap. This method works when the faucet increase reward per claim.

Faucets are good for people who are beginning to use bitcoin and spending some free time everyday they can see their wallets grow. However they not that profitable in the long run.

Also the fact that faucet owners buy bitcoin to pay the users is true but that wont change the marketcap much in my opinion. It the large volume traders who manipulate the market by trading huge amounts and not the faucet owners.

I remembered before when im suffering earning bitcoins on faucets, I feel that it is very very slow. It is better to try gambling using gambling faucets to win bitcoins. Its more faster, Newbies are the one who are using bitcoin faucets

you are delusional my friend. the fact that you are using faucets or even own a faucet doesn't mean the world is as small as what you see.

there are a lot more ways of using bitcoin and so many other ways of earning and using bitcoin that faucet usage is lost among them and besides anybody with a couple of seconds of calculation can find out using faucets is not good.

Haha are you really trying to convince long time members of this forum to do faucets??  :D Common the money flowing through all the faucets in the world combined wouldn't make even a tiny dent in Bitcoin's market cap. Plus faucets are geared primarily toward newbies because only newbies, veiled in their initial awe of Bitcoin, will consider spending time collecting these tiny amounts. I, myself, as a newbie did faucets for about 2 weeks before I realized that I wasn't gonna get anywhere fast and stopped.  

I think you're just kidding bro! "If I like BTC, I've to use a faucet" this is really insane. I like paper currency, so I've to use PTC websites? Or some other websites like this? Nope.

Bitcoin doesn't depend on faucets.

I do like btc, but I think faucets are the goddamned devil  ;D

Can't I just buy some?  ???

For sure that the faucets should stop their operation, there may be a deccrease in demand of Bitcoin. I disagree that everyone should use faucet because I have never used it myself. My suggestion is every fan of bitcoin should enlighten as many people as possible that are close to them on the value of using bitcoin. By so doing will increase it demand and consequently the price too.

Not sure if this is some sort of low-key advertising the use of faucets since there's been quite shortage with that lately or OP was actually serious about this. But just because he's serious about this, doesn't mean this idea is real and not absurd.

Thinking of the owners of faucets, they don't actually have that much Bitcoins that is why they've made their own website, and put up a lot of advertisements in it. Those faucet owners doesn't have that much and that obviously mean that their faucet sites doesn't hold that much funds. There are even faucet sites that shows the current funds that is still available and most of them are either really really low on funds or is not enough to pay a faucet user.

Adding all those little funds that faucet sites hold, even if there's a lot of them, doesn't make a lot of Bitcoins. I feel that if faucets are all gone, we won't even notice it.

this is such a stupid topic :D

i like bitcoin but i like it so much that i think faucets are destroying bitcoin actually because it has created this illusion in the head of some of the newbies that earning bitcoin is hard and you can only earn 100 satoshis and they are satisfied with it.

There are other ways in which can earn money from. There's tons of it. There's trading, signature campaigns, you can offer services too, or even buy and sell stuffs. Faucet might be something that you can earn from when you're just starting, but it's a total waste of time. Bitcoin can remain popular and useful even if we don't use faucets. Who use faucets up to this day anyway? IMO, this thread isn't helpful at all. It's not worth discussing.