Bitcoin Forum
July 06, 2024, 08:29:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: WARNING! "Free bitcoins" are not free  (Read 827 times)
Dansker (OP)
Hero Member
*****
Offline Offline

Activity: 740
Merit: 500


Hello world!


View Profile
March 09, 2013, 10:49:55 PM
 #1

The many sites and services that will send you tiny amounts of bitcoins are NOT free!

The reason is, that sending the bitcoins again will cost more in fees that the received bitcoins are worth.

This is because the size of the transaction you are trying to make if you want to send these tiny amounts will be massive, and thus require a large fee.

In other words, it is free to receive these tiny amounts of bitcoins, but it will cost you more bitcoins to send them, than they are worth themselves.

This means that you will lose money trying to spend these tiny transactions!

(Some of the faucets will allow you to save up some payouts before paying out, so do that if possible.)

theFed
Newbie
*
Offline Offline

Activity: 38
Merit: 0



View Profile
March 09, 2013, 10:54:46 PM
 #2

How much should a person save up to make it worth it?  And avoid loosing money.
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1358
Merit: 1002



View Profile
March 09, 2013, 10:55:20 PM
 #3

At Free.BTC.pt we only process withdrawals when users ask for them and we send them on one single tx when the total amount of all pending withdrawals is at least 0.1BTC, so feel free to use it Grin Grin
ABitBack
Hero Member
*****
Offline Offline

Activity: 524
Merit: 502



View Profile
March 09, 2013, 11:08:17 PM
 #4

at ABitback.com you can choose when to withdraw and how much. Withdraw bitcoin or mt.gox cash even.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!