could you tell me what this is actually for? why? how? what? where? when? haha iv looked up faucets but didnt make sense to me! if you dont mind just the basic concept
people throw in donations and if you sign up for it, you get kicked some coins each day to your wallet. it's a community money pot sort of speak. bigger pot, more coins are given out.
so say I give you a million zeit? then I get back maybe 10k a day, one day ill get that 1mil back? but If i kept that 1mill then 20days later it would be doing the same thing anyways? Im not knocking your service and i'd be happy to send some in, im just not sure I get the point of it? does it help the smaller guys? also that zeit that you have, who gets the POS after 20days?
This is how it works:
The faucet has a balance, mine actually has 750k
Everytime a user gets in the website, fills a captcha and puts his address, he gets a considerable portion of the 750k, a quantity defined by the hoster, i.e (5 Zeit,10 Zeit,15 Zeit)
In my faucet, that is, theckstudios.cloudapp.net/zeit , you get 15 ZeitCoin per time.
ok, so.....eventually the money runs out? whats the actual need for the faucet? and again im not trying to bash, heck ill send some if I understand at the end of this haha just ye do you get more than you put in eventually? or does it help the community out?
So basicly is a way to give coins to newbies,starters, so they can see how it works and have a notion of what is a crypto currency.
The community, mostly rich miners, donate a part of their rewards to a faucet, someone go to the faucet's website, put their address and then, they get a "reward" for joining
Most faucets use this a profit way, with tons of ads to get money. We don't agree with this, so I wont keep our faucet with ads.
The coins may run out eventually, the faucet will get dry if theres no donators, but in this case, we have a dedicated server, where we leave a miner running in a way to give a "small backup" to our balance.
In a easy way:
There is the donator
There is the hosts
There is the user
Donator gives 500k to host, host gives all users 5 coins out of the 500k, so they can have at least a little of the coin, for free, mostly for seeying a ad.
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