Bitcoin Forum

Im new to the faucet and nodes. I have a few nodes operating on our coin and i was wondering why is a faucet needed. or even needed for bitcoin and how do they make money on them?

Faucet and nodes are not really the same things.   I node is used for connection of the coins network.  A faucet is a site where you do something and get a very very small reward.

So like an exchange would be a faucet?

No a faucet is a service that gives out a small amount of coins for people to test it out
Example Gavins faucet long ago so people could try out bitcoin.
https://en.bitcoin.it/wiki/Bitcoin_faucet

A exchange you can change coins for a different one. 

A faucet is its own beast you do something on a website and get a very very small payment.  For example a site has ad's you look at it and enter your BTC address and get a VERY small payment.

two complete different thing, faucets is just a site that give you small amount of coin, you need to type your address in the field, nodes are other computer connected to the network

okay so if i wanted to give out coins on my coin i would need a faucet for that because we have premined for an exchange or more members using the wallet. the nodes we have a few connected to the coin as it was.

A faucet would only be needed if you are trying make money off others using your website to pay them.   

You should be able to pay a transmission fee on most coins and it will be sent through nodes. 

faucet is to run a giveaway
used by altcoin owners to run giveaway and let people join this
or you can say its a kind of advertising method

they make money by selling advertising space on faucet site

Okay which is good because we premined our altcoin for giveaways. So then I would need a faucet next

I would think twice about premine.  If you look at coins most premined fail.  If you do a launch and announce time with open to all you give it a better chance long term.

I did think about that and we are not keeping the premined coins we are going to used them to help people learn how bitcoin works and how altcoin work. Most people who I talk to never heard of bitcoin. So we been trying to get on a trading exchange for btc to our coin. Without the premined it would be hard to show them how it works.

Look at launch of LTC was announced and he mined 1 block the genesis block. Then was open for all.  With premining even 1 percent getting on a exchange at this point  is hard.  They will ask what your coin brings to the table.   Getting adoption will be a battle, i wish you luck.

They are different and I think faucets are nothing but waste of time. They give very small amount of reward.

+1.

The response you get in your altcoin thread tells you exactly how people don't like pre-mining. There are only a number of people replying there, and all of the response are quite negative.

We would like the idea of getting on a exchange after the 1% is gone. I am working with a few developers to get that in the process soon.

plus we are looking into an exchange for our own site(the coins own site).

1 percent is just huge if not used for giveaways etc.  Having a coin with a different logo and name is not enough anymore.   I wish you luck but i think damage is already done with premine.

Did you pay someone to make you a coin?

we have help with it yes.

A faucet it a website in which you type a captcha and get somewhere less than 1% of 5$, but payout in bitcoin. Payout and prices differ among faucets. If you hold on long enough to them you can get a dollar or so.

Faucets are places that drip you small amounts of BTC. In contrast, nodes are usually painted in a much better colour; nodes store a copy of the Bitcoin blockchain and help very much in network security.

faucet.... the site that may give you some free 0.000001 btc for viewing some advertisements.

Just like bitvestor?

You mean bitvisitor? Yup, and there are many more faucets like freebitco.in, and faucet rotators like landofbitcoin.

Faucets bring traffic to some web pages. Those that run them usually have advertises there.

But on other hand Faucets are nice way for BTC adoption i might not first heard of BTC this way. But i installed wallet because of it and first time started researching bitcoin.

okay so I have a dice game i want to install on a site it has a free coin section that would require a faucet? right?

A faucet is really a website you do something small like type in capatcha and get a very small amount of coins.  A dice game could include a faucet like function ( look at prime dice is best example.  You type in capatcha and get small amount).  You could do it in the dice game or separate page completely.  In game is a lot nicer for users.

You might consider hiring someone with your coin if your trying to make it work and need a lot of advice.  I think your most difficult item will be getting it on a exchange.  Espically with premined getting attention will be hard.

the faucet is used for play free a game with bitcoin...
to make me want to play with the bitcoin!

always give your bitcoin faucets in an amount not too much, while the node is something related to network your coins ...
apologize if I am wrong in the explanation ...  ;D

isnt nodes the things in a gambling line?

with faucet bitcoin you can get free bitcoins, but it may take a long time.
you can find in this forum some topics about this way to get free bitcoins.

faucet its a way to get free bitcoins, but not a large amount.

Faucets are really a waste of time.
You can get more bitcoins by working (in the real / virtual world) and then buying bitcoins.

Exactly.
I have tried using faucets, and can only get around 20000 satoshi an hour (= 0.07 USD).

Faucets are a waste of time, nodes are needed.