i want good bitcoin wallet site to add it in withdraw Check out FaucetBOX's api, or additionally, see if you can Xapo's API. It's going to be a pain to have to manually payout people that request it, so you're really going to have to get this fixed as soon as possible. As good as your faucet is, it will soon become worthless if people deem it as a scamming site or a site that doesn't pay out. Good luck, and keep us updated please! |
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Yes, unless you mitigate this somehow. Your bitcoin wallet or service shows you a balance, but bitcoin does not work that way. Its made up of transactions on the blockchain. Every transaction you received in the past can only be used by you, but it also needs space and that space is paid for with the transaction fee. The more transactions you receive the more space you need to spend the balance they created. The more space you need the higher is the fee you have to pay. My best guess currently is that you are fine as long as you keep payouts at ~0.01 btc. Another thing you can do is to use special wallets like xapo that allow transactions from the faucet to your wallet without using the blockchain. They use internal bookkeeping if you will. This will however only work with faucets that also use xapo. Xapo also has a very high for transactions outside of their internal system. Thus if you want to send bitcoin to someone that not uses xapo you have to pay a high fee every time even if you dont have to use many old transactions.
Oh wow, thanks so much for all this information! I think I will reserve my Blockchain wallet for larger transactions, while I use my Xapo for these faucets and micropayment caches. Thanks much for your help! |
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Intro
#1 Fees and dusty inputs
The most common problem when using faucets is the small payment. Every time you receive a bitcoin payment to your wallet you have a new input to spend at a later date. Think of this like a lump of bitcoin you can use later. When you later want to use these lumps of bitcoin they need space as part of the transaction your wallet creates for you. This is usually 180 bytes per input. A bigger (in terms of byte) transaction will need more fees in order to be confirmed in a reasonable amount of time. Each block offers only a limited amount of space (currently 1 MB) and if you need a big chunk of the space a big chunk of your available funds will be used as fee for the miners. Faucets try to counter this by creating payout limits, but they are often set very small. A reasonable fee for a transaction with less than 1000 byte in size is 10,000 Satoshi. If the payout limit is 100,000 Satoshi and you try to spend this input, you will have to spend 10% on fees. If you want an example how bad this can end, I helped someone recover from this a while back, in numbers:
~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees.
I'm very new to Bitcoin, and this... This is a bit confusing. So, in other words, what does it mean if I collect a lot from faucets? Will my wallet be affected negatively after some time? And faucets are the reason why I found out about Bitcoin. I searched Google for "What is a bitcoin" and one of the top results was a faucet. But yes, it seems as if faucets draw much negative feedback in the btc community. *shrugs* I love the faucets; gives me something to do in my free time while I make some bits. I'm okay with that lol |
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VERY nice site! I just joined a couple days ago, and I've been averaging 30k Satoshi a day! I absolutely love the design, and the BitBids are an awesome feature! I've also won 5 or 6 raffles now, as well. And if you claim every 30 min with the faucet, that's 1600 satoshi per hour, which is one of the top paying faucets out there. Kudos, hawooni!
I hope CoinToast gets popular, but not too popular that I don't win as often as I currently do haha
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I'm having issues with opening a social coin wallet account. The site is laggy, and when I try to withdraw from it, the page just does an endless loop. Have people had success in withdrawing from the game? Or is anyone else having problems with the social coin wallet website?
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I tried to make a withdrawal for 20,000 Satoshi, and it just ended up on a broken page on the website, and my balance was still the same. What gives?
give me your user and mail i will see withdraw Uh, no. How about you fix the withdraw feature on your website, instead? I'm not trying to be the only one that needs to be able to withdraw; I'm sure other users would like to withdraw occasionally, too, man. When can we expect a fix? |
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I tried to make a withdrawal for 20,000 Satoshi, and it just ended up on a broken page on the website, and my balance was still the same. What gives?
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Same as you i bought my current account and well im near to roi the investment made,i sold my previous account ,im at top 30 very happy and keep growing the account ,i guess till end the year my account will be full developed ,cashouts must be more transparence that way all will see all payments and will bring new investors.About the new version im exited and waiting for it even knowing that will be easy to get a prize and the option to refuse the payment to try achieve a better place and more money will be a great stuff .
I just started playing the game today... Should I have bought an account instead? Am I pretty much screwed for starting the game so late?  |
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