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Bitcoin => Bitcoin Discussion => Topic started by: bassguitarman on May 15, 2014, 04:50:41 PM



Title: Is it smart to make a Bitcoin Faucet
Post by: bassguitarman on May 15, 2014, 04:50:41 PM
I have made a dogecoin and a tacocoin faucet, and I'm thinking of making a bitcoin one.

What I am worried about is:

1) Tx Fees making it too expensive,

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

Whats you view?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: hilariousandco on May 15, 2014, 04:57:51 PM
Well there are plenty of Btc faucets around, but I think you'd need something original or a higher paying one to draw in users. And do hackers really actually go after the little amount faucets usually have in hot wallets?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: DubFX on May 15, 2014, 05:04:08 PM
I don't think it would be worth for any hacker and their time.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: mprep on May 15, 2014, 05:06:51 PM
I don't think it would be worth for any hacker and their time.
Really depends. Some faucets have serious holes, especially the ones using popular scripts, which only take a couple of minutes to exploit.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 15, 2014, 05:08:20 PM
TX fee's can be cut by sending many payments at once. Hackers can be a problem if you use a popular/open source script, so just make your own or get someone to make one for you.

I had my own faucet for a few months, but it costed me more then I got back from ads, so I couldn't keep it running, sadly.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: galbros on May 15, 2014, 05:51:09 PM
Given your success with the alt coin faucets you seem well positioned to do a bitcoin one. 

It seems to me that the most successful faucet right now is the freebitco.in one that combines a faucet with a gambling site.  Maybe if you did something like that you could make it work out financially for you. 

Something to prevent botting is an absolute must.  Primedice has a faucet built into it and even with recaptcha it is constantly having to fight off botters.

Good Luck!


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bitsmichel on May 15, 2014, 09:05:42 PM
Quote
Insert Quote
I have made a dogecoin and a tacocoin faucet, and I'm thinking of making a bitcoin one.

What I am worried about is:

1) Tx Fees making it too expensive,

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

Whats you view?

Its difficult to make a faucet profitable. I ran a kind of faucet earlier, were you submit jokes.. daily there were 2 or 3 winning jokes who won 0.0001 BTC. So per month its 0.006  BTC (2.6 usd).  The problem was there was not enough traffic - for every 1000 visitors you get about ~ 0.0025 btc trough the ad service im using. Unfortunately, traffic was about 10-20 a day. Im not quite sure why so few people were interested in btc for jokes ???

Anyway, it depends on these factors:
 - how much do you give to the users?
 - how much traffic do you have?
 - how much do advertisers give you?

You'll notice in generally faucets give 0.00000400 BTC or less per day, maybe 0.0001 a week.


Quote
2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

You could simply put a counter on the site. Say get the value from a MySQL database, increase it. Keep and send the money on another machine (perhaps in another country/location). In that way, no risk for mtgox style hacks.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: BitCoinDream on May 15, 2014, 09:31:17 PM
I don't think it would be worth for any hacker and their time.
Really depends. Some faucets have serious wholes, especially the ones using popular scripts, whcih only take a couple of minutes to exploit.

Ha Ha ...so true. Copy-pasting same script which is not maintained for long will definitely have its own drawback. Moreover every tom-dick-harry is now opening a faucet not knowing how BTC works ...the outcome is so inevitable


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Shogen on May 15, 2014, 09:42:48 PM
I have made a dogecoin and a tacocoin faucet, and I'm thinking of making a bitcoin one.

What I am worried about is:

1) Tx Fees making it too expensive

Maybe you could send the payment weekly, instead of daily, to reduce to number of tx (which is indeed good for the receivers as well, as they will have less inputs for their future tx).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 16, 2014, 06:49:30 AM
I have made a dogecoin and a tacocoin faucet, and I'm thinking of making a bitcoin one.

What I am worried about is:

1) Tx Fees making it too expensive,

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

Whats you view?

If you want to run a Bitcoin faucet, don't expect to get rich off it. And if you don't want to be targeted by hackers, hold a small amount of coin.

If you're worried about transaction fees, use a service like microwallet (I don't know exactly how it works but a lot of faucets use them).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: #yolo on May 16, 2014, 03:59:45 PM
I can't see it being profitable in anyway currently, sure there are more casino's/markets related to BTC's but these don't target faucets (At least this is what I think) considering people there rarely use these. The market is very saturated too and you need some effort to find advertisers.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: brianbbad on May 16, 2014, 04:36:04 PM
Not really worth it if you're trying to make money off it, but it is smart if you work in the web development industry and you want to have a nice web page to show off. (I don't think a potential employer would be impressed by a tacocoin faucet page, and dogecoin has yet to gain as much respect as btc).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: mrhelpful on May 16, 2014, 04:52:46 PM
Its great you got all these things to play with, but look at your competitor?

And when I mean by competitor its the oldest ones already here that most have registered to, because of the long constant pay.

One of them which you know I`m sure, freebitcoi.n and bitvisitor etc.

Most of these users arent going to spend more time, (in my observation) - since the faucet does take time away from them.

This isnt to shut down your idea, its just to see if you can do in another way. Such as people now focus on if theres a rotation site that does all the faucet sites that are known. So its not much of waste of time opening 8 different tabs on google chrome, etc.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 16, 2014, 05:01:40 PM
This isnt to shut down your idea, its just to see if you can do in another way. Such as people now focus on if theres a rotation site that does all the faucet sites that are known. So its not much of waste of time opening 8 different tabs on google chrome, etc.

I disagree. While faucet rotators like cryptoplace (http://faucets.cryptoplace.net) are great, they also offer up a benefit for faucet owners (in that they help drive more traffic to those sites). If a good faucet is created and it's competitive, I, for example, would gladly put it at the very top of my list (first faucet visited) which helps the users and the faucet owner.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: boymilk on May 18, 2014, 12:10:26 AM
I have made a dogecoin and a tacocoin faucet, and I'm thinking of making a bitcoin one.

What I am worried about is:

1) Tx Fees making it too expensive,

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

Whats you view?

All of the BTC faucet services that I used deposited bitcoins into a microwallet.org or coinbox.me account which only sent the bitcoins to me once enough had been accumulated from multiple faucets and a certain limit was reached (about 3 cents worth I think). I don't think any of them sent BTC directly into my wallet.

It took me about an hour to reach this limit so I stopped bothering with faucets however.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zebra on May 18, 2014, 12:25:09 AM
All of the BTC faucet services that I used deposited bitcoins into a microwallet.org or coinbox.me account which only sent the bitcoins to me once enough had been accumulated from multiple faucets and a certain limit was reached (about 3 cents worth I think). I don't think any of them sent BTC directly into my wallet.

There are quite a number of sites (usually older or bigger ones) that send the payment out by themselves, such as bitcoiner.net and bitvisitor.com.


It took me about an hour to reach this limit so I stopped bothering with faucets however.
Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Unluckyduck on May 18, 2014, 01:14:11 AM
1. Almost no faucets add tx fees to and sometimes it takes days to show up but free is free

2. Like the others have said, no hacker worth his salt would go after such a paltry amount


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bitsmichel on May 18, 2014, 02:08:07 AM
Quote
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

The psychology behind it is the action/reward system. Press button the button, get a reward (even if it is after 20 presses). It really is like Pavlov dog training  :)

I think people are not so obsessed with faucets, my one had only between 5-30 visitors a day, and unlike others it even had jokes  :)






Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 18, 2014, 03:51:51 AM
Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Malin Keshar on May 18, 2014, 04:22:40 AM
Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.

you could do more profitable things,then buy bitcoins, then have more hundreads of bitcoins. Or, if you are in the full bitcoin faucet giveaways times, just mine btcoins.



@topic: for me the faucet market for bitcoin is saturated, so you should put your faucet like part of a bigger site, like a cassino or a bitcoin news site. Or maybe make faucets in others languages, like spanish, french or russian. Not sure if would make difference


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 18, 2014, 04:28:50 AM
Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.

you could do more profitable things,then buy bitcoins, then have more hundreads of bitcoins. Or, if you are in the full bitcoin faucet giveaways times, just mine btcoins.



@topic: for me the faucet market for bitcoin is saturated, so you should put your faucet like part of a bigger site, like a cassino or a bitcoin news site. Or maybe make faucets in others languages, like spanish, french or russian. Not sure if would make difference

I agree that there are more profitable ways. But that's like saying "you're better off going to college for 8 years and becoming a medical doctor than you are working at your local tax firm." There are millions of things more profitable than anything else. That's irrelevant; there's a reason why people choose one thing over another.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Malin Keshar on May 18, 2014, 07:53:01 AM
Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.

you could do more profitable things,then buy bitcoins, then have more hundreads of bitcoins. Or, if you are in the full bitcoin faucet giveaways times, just mine btcoins.



@topic: for me the faucet market for bitcoin is saturated, so you should put your faucet like part of a bigger site, like a cassino or a bitcoin news site. Or maybe make faucets in others languages, like spanish, french or russian. Not sure if would make difference

I agree that there are more profitable ways. But that's like saying "you're better off going to college for 8 years and becoming a medical doctor than you are working at your local tax firm." There are millions of things more profitable than anything else. That's irrelevant; there's a reason why people choose one thing over another.

but go to faucets aggregates nothing, while we have an entire services subforum with lots of services and signature renting, and the gambling section with some good offers.Study 8 year to be a doctor is delay your returns, so they are like different kind of stuff. Use services and mining instead of faucets would be like work for one tax firm that pays less for the same job than other near you home.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bitsmichel on May 18, 2014, 10:46:41 AM
For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 18, 2014, 03:20:07 PM
For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code
I can tell you right now that nobody will do that. Why? Bots.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: cookmac on May 18, 2014, 03:44:00 PM
I think if you can build something equal to or better then freebitcoi.n I`d probably join.

I mean why not right? As long as you pay out..so yeah.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: neil95 on May 18, 2014, 03:48:50 PM
Do people seriously still use faucets?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: cookmac on May 18, 2014, 03:59:19 PM
Do people seriously still use faucets?

I do. Why not? It takes a lot of time though, but I`m on the computer most of the day anyways which is why I do it.

Not sure about others. As long its free I`m okay with it.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: neil95 on May 18, 2014, 04:03:11 PM
Doesn't seem like it's worth the time. But it's your choice.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: apsvinet on May 18, 2014, 05:44:12 PM
I'd say you're probably a bit late to the faucet party. The most popular ones are well established and it's hard for new ones to get popular.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 18, 2014, 06:08:29 PM
I'd say you're probably a bit late to the faucet party. The most popular ones are well established and it's hard for new ones to get popular.

If a faucet pays equal to or higher than the more prominent ones, there is plenty of space left. You could go a single satoshi higher than the higher paying ones and become everyone's first choice.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: hikedoon on May 18, 2014, 06:41:57 PM
 Here's an idea for you.
                                   THE BITCOIN EDUCATION FAUCET   
                     or some other title that makes it clear that it's about learning for newbies.
    You could have multiple choice answers for the visitors to click to earn some satoshi. I've not seen a faucet like that yet.

   Something like:  What is a tx?
                                          (a)=transaction
                                          (b)=a spoon
                                          (c)=your mamma

   Every question should be about Bitcoin lingo and be written for the layman.
                       


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 18, 2014, 10:19:53 PM
For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code
I can tell you right now that nobody will do that. Why? Bots.

This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Malin Keshar on May 18, 2014, 10:20:22 PM
Here's an idea for you.
                                   THE BITCOIN EDUCATION FAUCET   
                     or some other title that makes it clear that it's about learning for newbies.
    You could have multiple choice answers for the visitors to click to earn some satoshi. I've not seen a faucet like that yet.

   Something like:  What is a tx?
                                          (a)=transaction
                                          (b)=a spoon
                                          (c)=your mamma

   Every question should be about Bitcoin lingo and be written for the layman.
                       


I think there is an educational faucet around here, but not sure if for teach the basics of BTC.

Still a good idea ;D


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bitsmichel on May 18, 2014, 10:36:58 PM
Quote
This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.

Actually using some clever hacking you could have a bot that fills in the catpcha and presses the button.
However the pay-off to make such a bot is not worth the time, you may be able to automatically get 0.00288 B / month  :)


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 18, 2014, 10:39:26 PM
Quote
This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.

Actually using some clever hacking you could have a bot that fills in the catpcha and presses the button.
However the pay-off to make such a bot is not worth the time, you may be able to automatically get 0.00288 B / month  :)


When Bitcoin is $100k each, that 0.002 BTC will be worth a lot, :).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bitsmichel on May 18, 2014, 11:42:01 PM
Quote
When Bitcoin is $100k each, that 0.002 BTC will be worth a lot, Smiley.

yes, but i earn more btc using other methods  :)


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Nagato4 on May 19, 2014, 11:27:42 PM
If you have no special skills or products to sell, have lots of free time, and don't have a member rank account on bitcointalk, I can understand why you use faucets.

Otherwise, I don't think you should spend your time on faucets at all...


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 19, 2014, 11:42:45 PM
If you have no special skills or products to sell, have lots of free time, and don't have a member rank account on bitcointalk, I can understand why you use faucets.

Otherwise, I don't think you should spend your time on faucets at all...

You can mindlessly do faucets though. You can even knock them out while watching TV and stuff, whereas you'd need to take the time to think to do any of the other things.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Kprawn on May 21, 2014, 04:23:35 PM
Well if you manage to do a faucet, do one not for your own benefit, but for the benefit of the people in need in this world.

Target :

1. Asia or Africa {Where most people do not even earn more than $10 a week}
2. Make it as easy as possible.
3. Make it educational. {Force them to read a whole page, and answer a question} When they answer correctly, pay them.
4. Make the payment worth the trouble.
5. Offer different languages.

One of my favorite movies of all time, is "Pay it forward" - If more of us, create anything with that in mind, you will prosper.

Doing anything to steal from others, will eventually lead to failure.

Good luck


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Benjig on May 21, 2014, 04:43:24 PM
The captcha in a bitcoin faucet is a must, i have seen faucets of gambling sites, free faucets, to be depleted by bots withing hours because they dint have a captcha.. even if the faucet is as little as 0.0005 it can be depleted.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: wenben on May 21, 2014, 06:05:19 PM
Any reason why people make bitcoin faucet?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 21, 2014, 06:06:34 PM
Any reason why people make bitcoin faucet?
To help newbies and give back to the community.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 21, 2014, 06:09:04 PM
Any reason why people make bitcoin faucet?
To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: drporschef on May 21, 2014, 06:33:29 PM
I would rather buy some faucet then start one, thats more established.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 21, 2014, 07:20:16 PM
Any reason why people make bitcoin faucet?
To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.

Most faucets that aren't losing money are part of much bigger projects. People are pretty immune to the ads that are on faucets (due to skipping around so much), so their value is minimal at best. Most are going to lose money. If they bring visitors to their other sites, though, it can more than compensate for these losses.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: 311 on May 21, 2014, 07:31:54 PM
I wasted too much time on faucets. They arent worth the effort,.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Kiki112 on May 21, 2014, 07:47:38 PM
make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about ;)


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 21, 2014, 07:55:58 PM
make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about ;)

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: PerrythePlatypus on May 22, 2014, 12:18:53 PM
If you could get some people to visit your faucet, add some ads and you might be able to make ROI. Make weekly payments in batches, so that you have to reach x amount of bitcoins to cashout. It would not incur so much transaction fees.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Balls on May 22, 2014, 12:31:06 PM
Faucets are such a waste of time, but newbs get suckered in with the promise of their first free coins.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: yatsey87 on May 22, 2014, 12:31:34 PM
make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about ;)

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).

It wouldnt be worth the work or hassle for the operators of the faucet. Things need to be automatic to have any chance of turning a profit. They already dont make that much from advertising so its got to be profitable and worth it to them.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Clegg on May 22, 2014, 12:37:33 PM
Faucets are such a waste of time, but newbs get suckered in with the promise of their first free coins.

Newbs can only learn the hard way on this.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 22, 2014, 12:58:48 PM
make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about ;)

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).

It wouldnt be worth the work or hassle for the operators of the faucet. Things need to be automatic to have any chance of turning a profit. They already dont make that much from advertising so its got to be profitable and worth it to them.

Agreed, automation makes this less costly, if you have to check and validate all these before agreeing to payout it could add alot of time/money on after small profits.

Any reason why people make bitcoin faucet?
To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.

Most faucets that aren't losing money are part of much bigger projects. People are pretty immune to the ads that are on faucets (due to skipping around so much), so their value is minimal at best. Most are going to lose money. If they bring visitors to their other sites, though, it can more than compensate for these losses.

Is a good point and worth thinking about, if you can get them thru the door with this and keep them for something else, it might be worth taking the lose here to win big in other places.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: eatingtic on May 22, 2014, 03:34:55 PM
I would probably just partner up with an existing faucet, and see if they are open to promote yours as well.

Of course there will be some part of compensation to do so.

Thats if you made a bitcoin faucet.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: f4t4l on May 22, 2014, 03:40:38 PM
i need free faucet script to make a faucet bitcoin. any body can help me?
Posted from Bitcointa.lk - #EB4eMFPmbHgmTYzx


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Kprawn on May 22, 2014, 03:47:09 PM
Well everyone has to start somewhere.

Even if you have to start with faucets.  :P

It's a learning curve, and how would you not know, that it hurts when you bump you head, if you have not done it before?

Can faucet operators, not program the faucet to screen big payouts, then they just need to check those.

A hacker will have to go all out, to get something worthwhile from a faucet.

Eg. Let's take Freebitco

1. Take highest payouts. {Put a halt order before payout on a certain limit, set by the operator}
2. Manually check, if this person "clicked" every hour. {Compare this to the maximum, a person can get through "free rolls"}
3. Check if he won the jackpot. {If it = NO flag it}
4. Check if he gambled, and if he did, how much. {Check winnings}

If the numbers do not add up, suspend his account. {Send a email to owner of the account}

If he receives no explanation, within a set period, delete the account.

Should not be that much work or effort, to only check the highest payouts.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 22, 2014, 04:43:42 PM
Well everyone has to start somewhere.

Even if you have to start with faucets.  :P

It's a learning curve, and how would you not know, that it hurts when you bump you head, if you have not done it before?

Can faucet operators, not program the faucet to screen big payouts, then they just need to check those.

A hacker will have to go all out, to get something worthwhile from a faucet.

Eg. Let's take Freebitco

1. Take highest payouts. {Put a halt order before payout on a certain limit, set by the operator}
2. Manually check, if this person "clicked" every hour. {Compare this to the maximum, a person can get through "free rolls"}
3. Check if he won the jackpot. {If it = NO flag it}
4. Check if he gambled, and if he did, how much. {Check winnings}

If the numbers do not add up, suspend his account. {Send a email to owner of the account}

If he receives no explanation, within a set period, delete the account.

Should not be that much work or effort, to only check the highest payouts.

If you are verifying data before it is written to the database (and have cleared out potential problems with SQL injection) there shouldn't be problems anyways.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: FattyMcButterpants on May 22, 2014, 05:58:41 PM
tacocoin sounds like a really great investment. OP, could you tell me more about it? ;D


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: DMeeks on May 22, 2014, 06:47:11 PM
Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 22, 2014, 06:53:55 PM
Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.
I agree with you. I had to close my faucet because I couldn't pay my visitors with the revenue I got from my ads. Which sucked to be honest. I loved being a faucet owner.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 22, 2014, 07:16:21 PM
Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.
I agree with you. I had to close my faucet because I couldn't pay my visitors with the revenue I got from my ads. Which sucked to be honest. I loved being a faucet owner.

I've noticed this as well. And it was caused by three things:

1) Faucets started flooding their sites with ads. I've seen some with 20+ ads on the page
2) More and more faucets started popping up
3) People became immune to the ads due to there being so many

This killed profit for advertisers, so they started paying less. Even so, more and more faucets popped up (as some people would gladly run a faucet for a cent per week).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 22, 2014, 07:18:28 PM
Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.
I agree with you. I had to close my faucet because I couldn't pay my visitors with the revenue I got from my ads. Which sucked to be honest. I loved being a faucet owner.

I've noticed this as well. And it was caused by three things:

1) Faucets started flooding their sites with ads. I've seen some with 20+ ads on the page
2) More and more faucets started popping up
3) People became immune to the ads due to there being so many

This killed profit for advertisers, so they started paying less. Even so, more and more faucets popped up (as some people would gladly run a faucet for a cent per week).
I used adservices like BitAds and AdBit, which would give me pretty good revenue even though I had just one or two ads per page (and none on some pages). However, I didn't want to decrease my payout even more so I started to take some loses. After a while nobody clicked the ads which caused investors to not spend money on my ads, which caused me to lose even more money. So I shut it down.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 22, 2014, 07:25:02 PM
Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.
I agree with you. I had to close my faucet because I couldn't pay my visitors with the revenue I got from my ads. Which sucked to be honest. I loved being a faucet owner.

I've noticed this as well. And it was caused by three things:

1) Faucets started flooding their sites with ads. I've seen some with 20+ ads on the page
2) More and more faucets started popping up
3) People became immune to the ads due to there being so many

This killed profit for advertisers, so they started paying less. Even so, more and more faucets popped up (as some people would gladly run a faucet for a cent per week).
I used adservices like BitAds and AdBit, which would give me pretty good revenue even though I had just one or two ads per page (and none on some pages). However, I didn't want to decrease my payout even more so I started to take some loses. After a while nobody clicked the ads which caused investors to not spend money on my ads, which caused me to lose even more money. So I shut it down.

Yeah, it sucks that it came to that. At the end of last year there were a couple faucets I know of that were pulling in 5btc+ in profit per week. One was earning 1.5-2 BTC a day off theirs.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 22, 2014, 07:27:09 PM
Yeah, it sucks that it came to that. At the end of last year there were a couple faucets I know of that were pulling in 5btc+ in profit per week. One was earning 1.5-2 BTC a day off theirs.
I wish that I was once of them, but oh well. Bad luck. I still liked giving back to the community and helping out newbies.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Jcw188 on May 22, 2014, 07:28:08 PM
I would think with enough visitors you can make some money off a faucet, if you sell advertising.  You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable.  Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 22, 2014, 07:37:21 PM
I would think with enough visitors you can make some money off a faucet, if you sell advertising.  You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable.  Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.

The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 22, 2014, 07:38:44 PM
I would think with enough visitors you can make some money off a faucet, if you sell advertising.  You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable.  Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.

The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
Yup and the problem with that is, you need visitors to get advertisers, but with a oversaturated market, you won't get enough to be attractive to advertisers. Which sucks :-\


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 22, 2014, 07:45:07 PM
I would think with enough visitors you can make some money off a faucet, if you sell advertising.  You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable.  Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.

The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
Yup and the problem with that is, you need visitors to get advertisers, but with a oversaturated market, you won't get enough to be attractive to advertisers. Which sucks :-\

If people were able to (or willing to) pay a decent amount, they could gain market share easily. When most faucets are paying out like half a uBTC per claim, that is nothing. If they were giving more money, they would be prioritized. I, for example, would gladly prioritize sites on my rotator if they were willing to pay more.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: shadowphoenix on May 22, 2014, 07:58:23 PM
more the better IMO


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Beliathon on May 22, 2014, 08:00:35 PM
he problem was there was not enough traffic - for every 1000 visitors you get about ~ 0.0025 btc trough the ad service im using. Unfortunately, traffic was about 10-20 a day. Im not quite sure why so few people were interested in btc for jokes ???
It's not the jokes people are unmotivated by, it's the tiny amount of wealth faucets pay out. Ohh, 50 cents worth of bitcoin, oh myyy, I should take the time to sign up for some shitty open-mic-night dad-jokes site! No.

And nobody gives a shit about gambling, this is not 1930.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 22, 2014, 08:03:30 PM
I would think with enough visitors you can make some money off a faucet, if you sell advertising.  You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable.  Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.

The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
Yup and the problem with that is, you need visitors to get advertisers, but with a oversaturated market, you won't get enough to be attractive to advertisers. Which sucks :-\

If people were able to (or willing to) pay a decent amount, they could gain market share easily. When most faucets are paying out like half a uBTC per claim, that is nothing. If they were giving more money, they would be prioritized. I, for example, would gladly prioritize sites on my rotator if they were willing to pay more.
Well, that is true of course. But most people don't have that kind of money to put into a faucet. Also, the chance of losing it are quite high. Most people prefer to play safe with their hard earned BTC.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 23, 2014, 07:46:29 AM
Yeah, it sucks that it came to that. At the end of last year there were a couple faucets I know of that were pulling in 5btc+ in profit per week. One was earning 1.5-2 BTC a day off theirs.

Yeah it was also going to happen really, so many faucets out there, there was bound to be alot of natural selection until we were down to a few bigger players. It maybe worth it again soon if BTC takes another upwards drive.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 10:35:49 AM
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 23, 2014, 10:41:04 AM
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 10:48:30 AM
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course.
Well yeah, i saw some option of peerbet payment on a faucet but i dont remember which one. But I really dont know what peerbet is. So would you also like to throw some light on the peerbet accounts? And let this guy collect money for his own faucet first then only he'll be able to think about buying your code.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 23, 2014, 10:56:01 AM
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course.
Well yeah, i saw some option of peerbet payment on a faucet but i dont remember which one. But I really dont know what peerbet is. So would you also like to throw some light on the peerbet accounts? And let this guy collect money for his own faucet first then only he'll be able to think about buying your code.
Was it on Bitcoininformation.info because that is my website which had a faucet. Peerbet is a player vs player gambling website. People create nets and we'll play against each other. Anyway, the donation is jot required. Of course. It's a donation after all. Sorry if that wasn't clear enough.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Coinbuddy on May 23, 2014, 11:13:39 AM
making a faucet is just waste of time


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 23, 2014, 11:18:48 AM
making a faucet is just waste of time

Its not if your learning as you go, it can help to gain insight into doing alot of auto BTC stuff, but in terms of making worth while BTC yeah abit of a waste of time.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 12:26:24 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 23, 2014, 12:41:26 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet :P


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bryant.coleman on May 23, 2014, 01:18:27 PM
Most of the faucets are having an upper limit for payments. Users must accumulate that many Bitcoins (say BTC0.0005 or BTC0.001), to qualify for the withdrawal. Still... the transaction fee can be heavy.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 01:20:52 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet :P
How much did you gave out from your faucet and did you ever had any profits from your faucet? and did you ever publicize your faucet?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 23, 2014, 01:24:29 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet :P
How much did you gave out from your faucet and did you ever had any profits from your faucet? and did you ever publicize your faucet?
Around 1BTC loss (meaning I paid it out of my own pocket), no profits. A very old version of the code was on Github and people forked it, so it can be found, yes. I do not give support for it though.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: PerrythePlatypus on May 23, 2014, 01:33:34 PM
Most of the faucets are having an upper limit for payments. Users must accumulate that many Bitcoins (say BTC0.0005 or BTC0.001), to qualify for the withdrawal. Still... the transaction fee can be heavy.
Weekly batch payments can help to solve the problem. User must accumlate 0.001 and cashout will only be done once per week. This way, the operator can pay 0.1 for 100 people and only use a transaction fee of 0.0001


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 01:57:07 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet :P
How much did you gave out from your faucet and did you ever had any profits from your faucet? and did you ever publicize your faucet?
Around 1BTC loss (meaning I paid it out of my own pocket), no profits. A very old version of the code was on Github and people forked it, so it can be found, yes. I do not give support for it though.
I doubt if there has been a total of 1BTC taken out of all the faucets. The faucets pay out dust and the bitcoins users are very less, I think maybe your faucet had been misused. And why didnt you give out some kinds of google ads on your faucet so that you gain some profit from that faucet?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mitchell on May 23, 2014, 02:01:51 PM
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet :P
How much did you gave out from your faucet and did you ever had any profits from your faucet? and did you ever publicize your faucet?
Around 1BTC loss (meaning I paid it out of my own pocket), no profits. A very old version of the code was on Github and people forked it, so it can be found, yes. I do not give support for it though.
I doubt if there has been a total of 1BTC taken out of all the faucets. The faucets pay out dust and the bitcoins users are very less, I think maybe your faucet had been misused. And why didnt you give out some kinds of google ads on your faucet so that you gain some profit from that faucet?
I had ads on my page and it was a long time ago. When Bitcoin wasn't as high as it is right now.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: x8008 on May 23, 2014, 02:45:29 PM
I own http://givemebtc.net which has a custom theme then most faucets, I am selling it if anyone is interested. It gets anywhere from 5000-6000 hits a day


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Pobre on May 23, 2014, 02:54:15 PM
I own http://givemebtc.net which has a custom theme then most faucets, I am selling it if anyone is interested. It gets anywhere from 5000-6000 hits a day
my bid : 0.001BTC


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Kprawn on May 23, 2014, 04:25:02 PM
Well if you can link faucets with Facebook games, and have people pay with bitcoin per game. You would make mega bucks.

I know people who are addicted to those games.

Link it to a once of registration bonus, for a hook, and then have your hourly free faucet, to keep it going.

That would be the fastest way to grow fast.

Just a idea...


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 23, 2014, 04:33:14 PM
Most of the faucets are having an upper limit for payments. Users must accumulate that many Bitcoins (say BTC0.0005 or BTC0.001), to qualify for the withdrawal. Still... the transaction fee can be heavy.
Weekly batch payments can help to solve the problem. User must accumlate 0.001 and cashout will only be done once per week. This way, the operator can pay 0.1 for 100 people and only use a transaction fee of 0.0001

The issue with this is how much most faucets are paying. The majority are 1 uBTC or less. This means 100 satoshi.

0.001 BTC is 100k satoshi. So it would take 1000 captchas to get that assuming they were all 1 uBTC. Most people aren't going to go through all that work for it.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bryant.coleman on May 23, 2014, 05:24:11 PM
The issue with this is how much most faucets are paying. The majority are 1 uBTC or less. This means 100 satoshi.

0.001 BTC is 100k satoshi. So it would take 1000 captchas to get that assuming they were all 1 uBTC. Most people aren't going to go through all that work for it.

Faucets are meant for lazy people who don't have any qualifications to do freelance jobs. Therefore, the pay rates will be much lower than that of the other jobs.  ;D


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 23, 2014, 05:31:38 PM
The issue with this is how much most faucets are paying. The majority are 1 uBTC or less. This means 100 satoshi.

0.001 BTC is 100k satoshi. So it would take 1000 captchas to get that assuming they were all 1 uBTC. Most people aren't going to go through all that work for it.

Faucets are meant for lazy people who don't have any qualifications to do freelance jobs. Therefore, the pay rates will be much lower than that of the other jobs.  ;D

It's not about the pay rate, it's about having to sit around HOPING that the sites don't go under before you can claim 1k times. For some sites, that's over a month (assuming you hit them every single hour) and that's a big risk. Paying out more often mitigates this risk.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: psychospring on May 23, 2014, 05:52:54 PM
Good thing you asked here for the advice.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: BSIG on May 23, 2014, 06:25:01 PM

nope its a magnet for shady people


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 24, 2014, 11:06:50 AM
Well if you can link faucets with Facebook games, and have people pay with bitcoin per game. You would make mega bucks.

I know people who are addicted to those games.

Link it to a once of registration bonus, for a hook, and then have your hourly free faucet, to keep it going.

That would be the fastest way to grow fast.

Just a idea...

Nice idea and new. Wonder what FB would do about this if it became popular. Would be interesting to see how this could be full setup and working.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 24, 2014, 11:10:10 AM
Also i guess the biggest winner here is Luis von Ahn who invented recaptcha which makes a nice fortune doing ground truthing and archiving for major companies like the new york times. Also the same guy who made duolingo which teaching you enough of a language to start translating sites for them. All very clever way of making people do jobs that machines still suck at for free.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bryant.coleman on May 24, 2014, 12:37:59 PM
It's not about the pay rate, it's about having to sit around HOPING that the sites don't go under before you can claim 1k times. For some sites, that's over a month (assuming you hit them every single hour) and that's a big risk. Paying out more often mitigates this risk.

Hmm... that is a problem. Almost 90% of the faucet sites close down before completing one month in operation.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: niktitan132 on May 24, 2014, 12:43:43 PM
It is smart to make a bitcoin faucet,what you need to make sure is that the rewards are high and it is a microwallet faucet.
That way the faucet becomes popular and you are starting to earn nice BTC from ads.  ;D


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 24, 2014, 05:50:24 PM
It's not about the pay rate, it's about having to sit around HOPING that the sites don't go under before you can claim 1k times. For some sites, that's over a month (assuming you hit them every single hour) and that's a big risk. Paying out more often mitigates this risk.

Hmm... that is a problem. Almost 90% of the faucet sites close down before completing one month in operation.

Exactly. Probably 30-40 I've used myself ended up running out of funds quickly, were never funded to begin with (and hoped people wouldn't realize it) so nobody could cash out, or just flat out died. Being able to cash out on a regular basis is important now.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 24, 2014, 06:04:58 PM
This is why alot of sites payout to the microwallet site, which i guess gives people some confidence that they arent wasting their time, just such small amounts i'm not sure faucets are worth anyones time.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zyborg on May 24, 2014, 06:17:42 PM
If you could ensure getting a lot of traffic you'd be able to make quite a lot from advertising /ad.fly / coin url.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 24, 2014, 06:22:12 PM
If you could ensure getting a lot of traffic you'd be able to make quite a lot from advertising /ad.fly / coin url.

This is false. If it was true, faucets would always be earning money, being that their spending is relative to the visitors, but the advertising money would be as well (such that 10 visitors would be just as profitable as 100000 visitors on a relative basis).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zyborg on May 24, 2014, 06:27:28 PM
If you could ensure getting a lot of traffic you'd be able to make quite a lot from advertising /ad.fly / coin url.

This is false. If it was true, faucets would always be earning money, being that their spending is relative to the visitors, but the advertising money would be as well (such that 10 visitors would be just as profitable as 100000 visitors on a relative basis).
No, that's not true. The money you make by advertising increases when your traffic increases, you don't have to increase the payouts to each visitor, however. An advertiser is going to pay more to a site that gets 10k visitors per day compared to one that gets 1k per day. You'd still pay the same amount of money to each individual, but earn more.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 24, 2014, 06:31:53 PM
If you could ensure getting a lot of traffic you'd be able to make quite a lot from advertising /ad.fly / coin url.

This is false. If it was true, faucets would always be earning money, being that their spending is relative to the visitors, but the advertising money would be as well (such that 10 visitors would be just as profitable as 100000 visitors on a relative basis).
No, that's not true. The money you make by advertising increases when your traffic increases, you don't have to increase the payouts to each visitor, however. An advertiser is going to pay more to a site that gets 10k visitors per day compared to one that gets 1k per day. You'd still pay the same amount of money to each individual, but earn more.

Let's try this another way.

Your advertiser pays $1000 for 1000 visitors. Your faucet pays $1 per visitor. You're breaking even.
Next month, you have 10000 visitors. Your advertiser is now paying $10000. Your faucet is now paying $10000.

You are at the same level regardless. They don't say "well, your traffic is 2x as much so we're going to give you 5x as much money." They will pay you relative to the traffic increase. If your traffic went up 2x, you would make 2x as much. You would also be paying out 2x as much.

If your site is not profitable with 100 visitors, it won't be with 10 million either.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: BTCisthefuture on May 24, 2014, 06:50:39 PM
if you think you can make something thats both profitable and safe... then yes, its smart :)

so long as the amount you make is worth your time.


btc faucets can and certainly still are profitable for various people who run some of them.  it's up to you find a method that suits your needs and works for you well.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on May 24, 2014, 11:02:01 PM
1) Tx Fees making it too expensive,

This is a big issue, but its not that hard to get around. Just use a micro payments api OR at the end of every day, make one large send.

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

I was botted, but it wasnt that bad. There are hundreds of other faucets so you wont really have to worry about it.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 24, 2014, 11:07:00 PM
1) Tx Fees making it too expensive,

This is a big issue, but its not that hard to get around. Just use a micro payments api OR at the end of every day, make one large send.

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

I was botted, but it wasnt that bad. There are hundreds of other faucets so you wont really have to worry about it.

Were you able to actually make a profit from your faucet (and was it recently) or did you end up paying more than it was bringing in?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on May 24, 2014, 11:11:34 PM
1) Tx Fees making it too expensive,

This is a big issue, but its not that hard to get around. Just use a micro payments api OR at the end of every day, make one large send.

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

I was botted, but it wasnt that bad. There are hundreds of other faucets so you wont really have to worry about it.

Were you able to actually make a profit from your faucet (and was it recently) or did you end up paying more than it was bringing in?

Truthfully, my goal wasnt really to make money. I think I gave away 0.1 BTC of my own money, but it was a fun experience. I am thinking of re-launching it soon!


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 24, 2014, 11:19:08 PM
1) Tx Fees making it too expensive,

This is a big issue, but its not that hard to get around. Just use a micro payments api OR at the end of every day, make one large send.

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

I was botted, but it wasnt that bad. There are hundreds of other faucets so you wont really have to worry about it.

Were you able to actually make a profit from your faucet (and was it recently) or did you end up paying more than it was bringing in?

Truthfully, my goal wasnt really to make money. I think I gave away 0.1 BTC of my own money, but it was a fun experience. I am thinking of re-launching it soon!

Got you. If you do launch it again, and it's based on x time between claims, let me know and I'll add it to my rotator (http://faucets.cryptoplace.net), :).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 25, 2014, 10:47:52 AM
1) Tx Fees making it too expensive,

This is a big issue, but its not that hard to get around. Just use a micro payments api OR at the end of every day, make one large send.

2) Bitcoin is much bigger, which means I am a much larger target to hackers, and it will cost more to keep funded.

I was botted, but it wasnt that bad. There are hundreds of other faucets so you wont really have to worry about it.

Were you able to actually make a profit from your faucet (and was it recently) or did you end up paying more than it was bringing in?

Truthfully, my goal wasnt really to make money. I think I gave away 0.1 BTC of my own money, but it was a fun experience. I am thinking of re-launching it soon!

Got you. If you do launch it again, and it's based on x time between claims, let me know and I'll add it to my rotator (http://faucets.cryptoplace.net), :).

Your rotator doesnt seem to what to move on after the first BTC facuet.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mr Crabs on May 25, 2014, 11:07:12 AM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 25, 2014, 11:16:08 AM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.

Yeah, a massive waste of time for most people, at less than a penny for a min of work isnt worth anyones time.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: 311 on May 25, 2014, 11:17:59 AM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.

Yeah, a massive waste of time for most people, at less than a penny for a min of work isnt worth anyones time.

Newbs are just naive and want to get their hands on some coins quickly.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Catmoonglow on May 25, 2014, 11:55:17 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Mr Crabs on May 25, 2014, 01:35:54 PM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Pretty sure you would be.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on May 25, 2014, 03:07:42 PM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Transaction fee is tiny, so i wouldnt worry about the pennies that the transaction cost.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: logger on May 25, 2014, 03:30:33 PM
1) How do you get around the fees from the faucet sites?
2) Do you know how much hashing power do the few free CPUs on SSD CLoud give?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Cryptopher on May 25, 2014, 03:33:41 PM
I don't know anything about the profitability of faucets, but I would recommend only entering the Bitcoin faucet market if you have something neat to bring to the table. I dunno, some interesting marketing idea.

I imagine that it is quite hard to gain traction when there are so many already out there. I guess those that swear by faucets would use it.

One question: Do faucets only become profitable after a certain volume?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zyborg on May 26, 2014, 09:57:34 PM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.

Yeah, a massive waste of time for most people, at less than a penny for a min of work isnt worth anyones time.

Newbs are just naive and want to get their hands on some coins quickly.
Or maybe they're testing out their wallets, or just experiencing receiving bitcoins?


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Cryptopher on May 26, 2014, 10:01:08 PM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.

Yeah, a massive waste of time for most people, at less than a penny for a min of work isnt worth anyones time.

Newbs are just naive and want to get their hands on some coins quickly.
Or maybe they're testing out their wallets, or just experiencing receiving bitcoins?

I recently checked out Dogecoin by using the faucets. Sure it's a massive waste of time for amassing coins, but it is a nice way to expose you to the crypto.

I learned nothing as I already have Bitcoin wallets, but it's plain to see how it can give newbies a buzz when they see their first coin being verified in the blockchain :)


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Finchy on May 26, 2014, 10:03:37 PM
No, it's not smart. Probably a waste of time for everyone involved,.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 26, 2014, 10:05:13 PM
I wasted too much time on faucets. I guess they can be profitable for the owners if you can get the hits and advertising though.

Yeah, a massive waste of time for most people, at less than a penny for a min of work isnt worth anyones time.

Newbs are just naive and want to get their hands on some coins quickly.
Or maybe they're testing out their wallets, or just experiencing receiving bitcoins?

I recently checked out Dogecoin by using the faucets. Sure it's a massive waste of time for amassing coins, but it is a nice way to expose you to the crypto.

I learned nothing as I already have Bitcoin wallets, but it's plain to see how it can give newbies a buzz when they see their first coin being verified in the blockchain :)

Faucets used to give out hundreds of DOGE per claim. Compare that to their cap in price (200 sat) and they could have been profitable. This is where speculation comes in. Now they give almost nothing because the value has gone up. But when they were worth nothing, they had to give more to compensate for having no value.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Jesu on May 26, 2014, 10:08:29 PM
I want to know how many coins the first ones gave away when they were giving out whole bitcoins.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 26, 2014, 10:36:49 PM
I want to know how many coins the first ones gave away when they were giving out whole bitcoins.

A lot. Even games like Dragon's Tale used to give out a lot of coin (as in 0.01+ per claim, which was every 15m). Probably even more before that, but that's about the time I started getting involved.

People used to give out a lot of BTC for fun, too. Like on the forums you may get a 0.5 BTC tip just for the lulz. Now you'd be lucky to get 0.00005.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on May 29, 2014, 03:24:55 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 29, 2014, 03:35:26 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on May 29, 2014, 03:43:44 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.

Actually I still get my tx fees paid for me if I send anything above 0.001 btc.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bassguitarman on May 31, 2014, 11:27:44 PM
Fuck it, I'm gonna make it!


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on May 31, 2014, 11:56:07 PM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.

Actually I still get my tx fees paid for me if I send anything above 0.001 btc.

This is interesting. They apparently changed it (http://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-) to 0.001 as you said. Maybe this was due to the massive increase in price (the last time I looked was when BTC was $50-55 each).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on June 01, 2014, 05:13:05 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.

Actually I still get my tx fees paid for me if I send anything above 0.001 btc.

This is interesting. They apparently changed it (http://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-) to 0.001 as you said. Maybe this was due to the massive increase in price (the last time I looked was when BTC was $50-55 each).

There was a blog post saying that they raised the min to 0.01, but they changed it back to 0.001.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on June 01, 2014, 06:06:09 AM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.

Actually I still get my tx fees paid for me if I send anything above 0.001 btc.

This is interesting. They apparently changed it (http://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-) to 0.001 as you said. Maybe this was due to the massive increase in price (the last time I looked was when BTC was $50-55 each).

There was a blog post saying that they raised the min to 0.01, but they changed it back to 0.001.

That's awesome. And thanks for the heads-up! If it weren't for you I'd have still thought they were at 0.01 (which means I've been giving incorrect information).


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on June 01, 2014, 01:49:37 PM
I've been using a coinbase wallet for my faucet collection. If I were to open another account with coinbase and send my faucet earnings there, would I be hit with a transaction fee when I try to cash out? I have about .12 BTC in there. From what I understand coinbase to coinbase transactions have no fee. Would the .12 still be considered many small deposits or a full .12 deposit in the new account?

Yep, there are no fees so 0.12 would be fully transferred. Also, if you transact more than 0.001 BTC to any non-coinbase address, coinbase will pay the transaction fee for you!

You mean 0.01 BTC, but yes, CB will pay all the transaction fees even if going to an external address.

What I want to point out, though, is that it may not actually go through. I've had to break down transactions in the past because they kept rejecting due to the number of inputs. You might need to do 0.04x3, for example.

Actually I still get my tx fees paid for me if I send anything above 0.001 btc.

This is interesting. They apparently changed it (http://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-) to 0.001 as you said. Maybe this was due to the massive increase in price (the last time I looked was when BTC was $50-55 each).

There was a blog post saying that they raised the min to 0.01, but they changed it back to 0.001.

That's awesome. And thanks for the heads-up! If it weren't for you I'd have still thought they were at 0.01 (which means I've been giving incorrect information).

Lol, np.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bryant.coleman on June 01, 2014, 01:53:18 PM
No, it's not smart. Probably a waste of time for everyone involved,.

No. If you know how to make money using advertising sites such as Coinurl and Anonymous Ads, you will never say this. Yes, it is a waste of time for those noobs who try it, but not for the owner of the website.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: CaptainBeck on June 03, 2014, 10:38:40 AM
Fuck it, I'm gonna make it!

And have you made it?? For the sake of this thread, it would be good to hear how all this went for you and your after thoughts.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zyborg on June 03, 2014, 04:25:24 PM
Fuck it, I'm gonna make it!

And have you made it?? For the sake of this thread, it would be good to hear how all this went for you and your after thoughts.
Haha yeah I'd like to see how it goes for him as well. I suspect failure but we might be surprised.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: ranlo on June 03, 2014, 05:53:32 PM
Fuck it, I'm gonna make it!

And have you made it?? For the sake of this thread, it would be good to hear how all this went for you and your after thoughts.
Haha yeah I'd like to see how it goes for him as well. I suspect failure but we might be surprised.

It's only going to result in failure if he doesn't know what he's doing. If he's running a faucet to try and get rich, he's going to fail. If he is doing it for fun, he won't. If he's doing it for business purposes, he won't.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Zyborg on June 03, 2014, 08:48:49 PM
Fuck it, I'm gonna make it!

And have you made it?? For the sake of this thread, it would be good to hear how all this went for you and your after thoughts.
Haha yeah I'd like to see how it goes for him as well. I suspect failure but we might be surprised.

It's only going to result in failure if he doesn't know what he's doing. If he's running a faucet to try and get rich, he's going to fail. If he is doing it for fun, he won't. If he's doing it for business purposes, he won't.
That is true, judging by the thread though the goal is to make a profit.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: nahtnam on June 04, 2014, 04:53:44 AM
Fuck it, I'm gonna make it!

And have you made it?? For the sake of this thread, it would be good to hear how all this went for you and your after thoughts.
Haha yeah I'd like to see how it goes for him as well. I suspect failure but we might be surprised.

It's only going to result in failure if he doesn't know what he's doing. If he's running a faucet to try and get rich, he's going to fail. If he is doing it for fun, he won't. If he's doing it for business purposes, he won't.
That is true, judging by the thread though the goal is to make a profit.

If you are going to do it, do it for the experience.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: MaxH on February 14, 2018, 01:32:38 AM
I am making a list of faucet who really paid, and paid good. There are so many faucet website now  :o


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bopeshehan on September 09, 2018, 02:19:16 PM
i joined a bitcoin faucet bot on telegram and i've been trying to withdraw my bitcoin to my wallet but they wont let me withdraw it says i have more accounts from that IP and asks me to pay...


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Renai0925 on September 09, 2018, 02:23:26 PM
I guess you already answered your question. There is nothing to gain in faucets now both ways. Transaction fees are one thing and people have already learned. It's good though for getting people aware about bitcoin.


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bopeshehan on September 09, 2018, 09:31:42 PM
I guess you already answered your question. There is nothing to gain in faucets now both ways. Transaction fees are one thing and people have already learned. It's good though for getting people aware about bitcoin.
thats really good most of these faucets are scams as the way i see it. :/


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: Wobweb038 on September 14, 2018, 08:26:03 AM
In my opinion,making a faucet is simply misuse of time,energy and assets since you'll be purchasing AD's constantly


Title: Re: Is it smart to make a Bitcoin Faucet
Post by: bopeshehan on October 02, 2018, 09:17:53 PM
I am making a list of faucet who really paid, and paid good. There are so many faucet website now  :o

where will you post it??