Free Bitcoin sites useless?

[Birdy]

Hi there, even if you snatch a lot of small transaction and gather a good sum, will you ever be able to spend them?
The mandatory transaction fee seems to be bound to the kb of the transaction, which is bound to the amount of transaction it's made of.
So the fee will always be higher than the coins you made.
Is this right?

[Falcooon]

What sites are you referring to 

[tkooda]

Hi there, even if you snatch a lot of small transaction and gather a good sum, will you ever be able to spend them?
The mandatory transaction fee seems to be bound to the kb of the transaction, which is bound to the amount of transaction it's made of.
So the fee will always be higher than the coins you made.
Is this right?

No.  The transaction fee is not mandatory in all clients.  The size (kb) of the transaction is not tied to the amount of the transaction.

[Birdy]

The thing is, I have the normal qt-client and got like 1 mBitcoin out of ~20 transaction and don't see any option to use them.
I know that mBitcoin isn't worth the hassle, but I would like to know how I could use it.
Do I really have to change the client?

I am refering to faucet like sites that give out microtransactions for free. (funded by ads or other users, well mostly ads)

[Birdy]

*shameless bump*

[wrenchmonkey]

You need to be more specific about what you're asking. What sites are you talking about? Can't know what fees you're referring to, unless you actually specify which fees you're referring to.

If it's an ad-driven site, odds are pretty good that they'll find ways to avoid paying you, but unless you actually ask real questions, nobody can answer them.

[Merchant]

Transaction fees are optional but decrease the time it takes for the transaction to get confirmations.

[SRG]

Free bitcoin sites are NOT useless, but you do have to be careful.  Most mainline sites now such as DailyBitCoins give you the option to delay a payout until you accumulate a larger amount.  The QT client can require you to pay a fee if you are basically combining a huge number of small transactions into one larger one.

There are others that know more about fees.  The workaround I've adopted is to send the small amounts of BTC directly to where I want them.  E.g. if I want to play at Bitzino or peerbet, send the amounts directly to that wallet.

Good Luck!

[Birdy]

You need to be more specific about what you're asking. What sites are you talking about? Can't know what fees you're referring to, unless you actually specify which fees you're referring to.

If it's an ad-driven site, odds are pretty good that they'll find ways to avoid paying you, but unless you actually ask real questions, nobody can answer them.

The site was paying, I'm talking about the fee to send the earned Bitcoins.
I did specify that in the post before, the sites were those µBitcoins came from (like Bitcoin Tree) aren't important to my question.

The QT client can require you to pay a fee if you are basically combining a huge number of small transactions into one larger one.

That's exactly what I mean. I have now 1mBitcoin in my wallet from the qt-client, but I am not able to send them anywhere.
In the qt-client the fees aren't optional, so I wanted to know if there is any way around that

@SRG: I guess that workaround could do the trick, but not for the coins I've already earned.

[Portnoy]

Let them age a while and then combine as inputs in transactions with larger amounts. 

[Birdy]

Let them age a while and then combine as inputs in transactions with larger amounts. 

I've wondered if this would work. I cannot choose which coins are bundled, so if I make a new transaction of ~1BC and all those small transaction, would the fee be large, because of the high amount of kb (and thus giving me negative money from those transaction->I would be sending less than the 1 BC) ?

[enigma1265]

so far all the free sites ive seen are beyond a waste of time

[Birdy]

so far all the free sites ive seen are beyond a waste of time

Sure, they are in terms of money worth. I just wanted to try several things. But I couldn't, I'm not able to move those µcoins from my wallet.

[techman05]

Dailybitcoin website doesn;t seem to work even with the delay. I'm over the .0001 level and I didn;t get a they're coming when I hit the execute transactions.

BTW would doing them immediate give a negative value since it looked like the fee was more then the offered pieces.

[KatiHahnA]

ok

[KatiHahnA]

ops wrong topic

[Portnoy]

so far all the free sites ive seen are beyond a waste of time

Sure, they are in terms of money worth. I just wanted to try several things. But I couldn't, I'm not able to move those µcoins from my wallet.

I have had no problems, following the advice I have already given.  I won't say more than that since I can't explain all the technical details as well as others here.

Also the amount I have collected from free sites in the past couple years is 'not' insignificant.... even though that isn't the point imo...


What good is it if one only gets very very small amounts?
https://bitcointalk.org/index.php?topic=74046.msg1088930#msg1088930

 

[Dabs]

If the total of all those free bitcoins ever reaches 0.01 then I'd say that is significant enough. But you can't spend it economically. What I did was to buy enough bitcoin (at least 1 BTC is suggested) and combine that using coin control so you can eventually consolidate it.

Then I cheated, by betting it all on satoshi dice 91% and getting a 107% return. So I consolidated everything, and made some more. But understand, that it's a gamble, so you could end up losing all of it. (I bet 0.01 and I get back 0.0107.) That takes care of my future fees for the next 100 transactions or so.

[Birdy]

I can agree on Portnoy's view that it's exciting to receive your first transactions, even if they are worth (nearly) nothing.
But it's also frustrating when you find out that you aren't able to use them in the normal client, possibly will scare away some new users.

[bitcoinget]

There are also sites that aren't "free", but let you earn bitcoins through completing tasks. The amount you can earn still isn't going to replace your day job anytime soon, but will be a lot more than sites that are "free".

BitcoinGet (see signature) is one such site. Once you become proficient enough with the tasks, you can expect to earn $2-3 equivalent in bitcoins per hour.