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Reasonable Prize
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Topic: Reasonable Prize (Read 1013 times)
cmdrAdam
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Re: Reasonable Prize
November 25, 2015, 08:27:02 PM
#21
Quote from: examplens on November 25, 2015, 06:09:57 PM
Quote from: cmdrAdam on November 25, 2015, 04:11:51 PM
How does 800, 1000 or 1200 satohi / 180 minutes sounds like? And Also 40% referral commision! Now is that doable or too unsustainable for a startup faucet?
calculate
(2000 visitors) x (3x claim daily) x (minimum 800) = 0.048
BTC
+ referral earnings
you need to have daily income more than 25$ to keep live your faucet and make any profit
2000 visitor is not a hugh traffic number, and if working good 4-5000 visitors daily is close to
Ok I see my prizes won't hold for a sustainable startup faucet, could you suggest prize settings? What would be the ideal price range?
knowhow
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Re: Reasonable Prize
November 26, 2015, 07:51:17 PM
#22
All must be based into the ammount you have ,soo you must put the reward based on your pocket,soo maybe a 100 or 300 satoshis at begining may be the right start.
pickupcoin
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Re: Reasonable Prize
November 26, 2015, 08:05:54 PM
#23
Quote from: knowhow on November 26, 2015, 07:51:17 PM
All must be based into the ammount you have ,soo you must put the reward based on your pocket,soo maybe a 100 or 300 satoshis at begining may be the right start.
i agree. for start start with small amount.
with 1000 satoshi your faucet will quickly became popular., but you must have reserve money to hold it. if you have not enough, you better not start
knowhow
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Re: Reasonable Prize
November 27, 2015, 10:08:44 PM
#24
I had tryed to run a faucet without pay the hosting ,only having one banner from the owner.I were offering something like 300 satoshis every hours and people were complaining it were small i had some traffic and guess what the revenue from ads were very small compared what i were paying soo i had taked the funds out of faucets before get into a loss.The most well know faucets started this knowing they would loose money in the begining now they may be at profit but they always start in the red.
cmdrAdam
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Re: Reasonable Prize
November 27, 2015, 10:21:47 PM
#25
Quote from: knowhow on November 27, 2015, 10:08:44 PM
I had tryed to run a faucet without pay the hosting ,only having one banner from the owner.I were offering something like 300 satoshis every hours and people were complaining it were small i had some traffic and guess what the revenue from ads were very small compared what i were paying soo i had taked the funds out of faucets before get into a loss.The most well know faucets started this knowing they would loose money in the begining now they may be at profit but they always start in the red.
yes, how much in reserve is recommended?
cmdrAdam
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Re: Reasonable Prize
November 27, 2015, 10:26:47 PM
#26
I will have at least ~16 000 000 satoshi available!
knowhow
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Re: Reasonable Prize
November 29, 2015, 11:09:22 PM
#27
Well i had made one deposit of 0.03 btc at the begining,then it started to decrease slowly,it were managed around 2 months and well when i saw all claiming and no support i closed and tooke my money .
Nomad88
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Re: Reasonable Prize
November 30, 2015, 12:53:39 AM
#28
(Faucet Balance) : [(Approx.Prize per claim)*(Approx. Daily Hit)] = Approx. days your faucet will be sufficent
It would give you an idea. But remember, this wouldn`t be so relaible math if your web side statistics are not stable.
https://medium.com/@ahmetseyhan
https://linktr.ee/capitaltribe
krishnapramod
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Re: Reasonable Prize
November 30, 2015, 06:58:14 AM
#29
In the beginning keep the rewards higher to get users then lower or increase it based on your user count and ad revenue
Reward = user / adrevenue
When you calculate like this the reward amount will be too small, but you will get an idea what your reward should be...take 10% of profit and let 90% of ad revenue go to users
Users will claim as far as your faucet have high rewards...the trick is to keep these users visiting your faucet even when the reward is average...add some additional features
enhu
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Re: Reasonable Prize
November 30, 2015, 07:09:04 AM
#30
If you could set it up to give more than whats usual, the more joiners will you have. People can definitely do things with enough motivation. I myself with likely join if I get more.
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knowhow
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Re: Reasonable Prize
December 04, 2015, 08:51:04 PM
#31
There are bots claiming the satoshis at several faucets meaning these bots taking the bitcoins from the faucets doing a 0 support and claiming always till your balance reach 0 soo you sure can try a high offer but in the end of the day you will see how the support vs debit is going ,just let that for 3 or 7 days and check the results daily.
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