Why do people use faucets?

[btc-facebook]

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

When I noob on bitcoin , faucet taught me how I can earn bitcoin and how to save it rather than spend it. Guess what ? When I'm earned 17.000 satohi / week or BTC 0.00017 on freebitco.in , I was so happy. So faucet is the best practice for new people who want to know how bitcoin can be earn.

[Possum577]

I rarely use faucets when I want to round up my BTC balance.
When having balances like 0.09975 whilst needing 0.1, faucets are great.

Haha, if it was so easy to earn BTC0.1 with a faucet, everyone would be doing it. That's 10,000,000 Satoshi, when the avg faucet offers 850 an hour, 11,764 claims or clicks or hours.

No. I didn't earn 0.09975 from faucets ever. I use faucets just to round up already existing non-faucet stashes.

Nik, so you're using faucets to make up the difference betwee 0.09975 and 0.1? That makes more sense...you're looking for 0.0002500? That's definitely possible in a day...I get it, thanks.

[dothebeats]

When you say the term "free", the tendency is people will gather to redeem it no matter how small or big it is. Same with how faucet works. They give you free pennies while you do their work for them through watching/clicking advertisements. Though what they don't know is that dust transactions often bring unwanted events. See http://bitcoin.stackexchange.com/questions/10986/what-is-meant-by-bitcoin-dust

[coinableS]

When you say the term "free", the tendency is people will gather to redeem it no matter how small or big it is. Same with how faucet works. They give you free pennies while you do their work for them through watching/clicking advertisements. Though what they don't know is that dust transactions often bring unwanted events. See http://bitcoin.stackexchange.com/questions/10986/what-is-meant-by-bitcoin-dust

Hardly any faucets are on-chain faucets anymore. Most of them use xapo or faucetbox now. Yes there are still some faucets that will send payouts once a week using one transaction with a couple inputs and then sending to hundreds of outputs creating dust, but most faucet owners are switching to off-chain solutions these days.

[Possum577]

They give you free pennies while you do their work for them through watching/clicking advertisements.

Not exactly.

People that play the faucets do the work they get paid for, i.e., look at a web page.

People that run faucet websites do the work they get paid for, i.e., create online real-estate to have ads and find people to look at those ads.

Don't confuse the two. Everyone involved is doing their own work to get their own pay.

[maokoto]

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

As for me, I use it to get some small amount of free bitcoins when there is no other way to do it. Beermoney is OK, but most sites are U.S.A. only, or do not have a continuous flow of tasks. Signature campaings are good, but sometimes you just don't know what to write or do not feel like it.

Also, I use faucets while a do other regular online jobs. I get to load one or two faucets in between page loading and take some satoshis, then continue working. It adds up and I do not lose time doing faucets alone 

[apriyani420]

i think they want to earn some money to gamble with so they dont loose the required money besides that they might use it for saving money

[sifou]

No one's using faucets in place of a job (it's economically not possible.) People use faucets because it's "free" bitcoin and "free" has a crazy allure to it...it pulls people in. Also, a lot of the faucet sites have a gambling aspect which gives people the opportunity to earn more.

I agree and disagree. Some people must be trying to use faucets as a job because some just seemingly spend their entire time trying to get as much dust as possible from as many faucets as they can. If they had jobs they wouldn't bother wasting their time like this. I agree that most newbs just use them because they think its the easiest way to get free coins but the sooner they realise they're wasting their time the better.

Thank You Fore Posting

[Cryptlexity]

I think faucets are great, there is a low barrier of entry and anyone can use it to learn more about bitcoin. It will never replace a job to purchase bitcoin. Its a risk free investment of just time.

[sana9821]

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.

I must agree, its waste of time. So much quicker ANY other job/work.

well everyone can choose what to do with their free time cant they? maybe they want to earn bitcoins thats why they dont do work instead

[maku]

I think faucets are a good way to save on transaction fees.
When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee.
It's my way to put those money back into the BTC system I think

What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future.
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.

I don't understand what you mean. Can you explain a little more?
I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them...

Before you use faucet you really should read great educational post by Shorena. You will find find some info about transactions fees there:

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.

Source: https://bitcointalk.org/index.php?topic=1044399.0

[Thekool1s]

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

It takes 5 seconds do a roll on freebitco.in and we can win upto 1 Btc. What are we losing here? People use it just for luck etc purposes, Faucets cant be replaced by a job. and freebitco.in has lottery so what are we losing. I have like 3 active referrals and i make around 50K satoshi from them.

[Kprawn]

I think faucets are a good way to save on transaction fees.
When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee.
It's my way to put those money back into the BTC system I think

What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future.
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.

You obviously have not used faucets linked to Xapo.   ....I can collect loads of Satoshi's from different faucets linked to Xapo and make one transfer from Xapo to my

Bitcoin address. That can cover all my transaction fee's for a month, making Bitcoin transactions on the Blockchain Free! {Faucets pay for it} Or you can pay someone

directly via Xapo for something, if they use it, and pay NO transaction fee's. Alternatively you could use one of these faucets and disable the "auto withdrawal" feature

and send faucet income to your main Bitcoin address, when it clears the "dust" levels.... and use that to cover your expenses. There is many ways to counter "dust" from

faucets my friend... Just do a little homework... and you too will have FREE Bitcoin transactions.  

[Q7]

Those people who got into faucets are probably newbies. They need a way to earn something and experiment with the coin before deciding and then seeing the value of bitcoin. I agree it's totally not productive as getting a real job will earn you much more than spending the time clicking all day, but then it's free and it's fun, so why not?

[lahm-44]

peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence

[acquafredda]

I think faucets are a good way to save on transaction fees.
When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee.
It's my way to put those money back into the BTC system I think

What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future.
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.

I don't understand what you mean. Can you explain a little more?
I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them...

Before you use faucet you really should read great educational post by Shorena. You will find find some info about transactions fees there:

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.

Source: https://bitcointalk.org/index.php?topic=1044399.0

Thanks man I completely ignored this at all!
I'll have a deep look on it.
That's not what I thought. Good to know now

[btccashacc]

peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence

+1
so we can't we can not directly blame them
it helps us provide insight

[bootycamp]

i use faucets to just make some small amounts of bitcoins to have something to gamble with

[neochiny]

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

 i use faucets on my free time and when killing time. i dont see bad things that i should stop doing it.
besides its free.. and theres nothing i can lose when i use it... small satoshi when you combine all it will be big..
you can never make 1BITCOIN without those satoshis. getting a job online or whatever is a different topic.
you will not enjoy it...

[Solange]

Faucets are just the first way newbs try to get their hands on their first coins without having to pay anything. I used them for a few days back in the day but quickly stopped when I realized I was wasting my time.