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Author Topic: Whats the revenue model for Faucet Sites and apps apart form advertisement  (Read 504 times)
niisarearning (OP)
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May 09, 2017, 08:02:14 AM
 #1

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement
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May 09, 2017, 08:09:01 AM
 #2

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

It's on their website in the savings FAQs:

Quote
How do you make money to pay us interest?

When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 8.880 Petahashes or 0.238% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.

Most people probably lose money gambling on the Multiply game, which is income for the faucet.  And if you can afford to run a mining operation to begin with and know how to run it well, it can result in a decent income.  

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May 09, 2017, 10:23:51 AM
 #3

Freebitco.in are an exception to most other faucets because they make their money by giving people incentives not to withdraw and instead throw away their money (saving up with a few measly satoshi to finance their dice game which they make far more than 4% profit on, having the dice game, etc).  Since faucets are paying such tiny amounts people can lose money through the opportunity to earn an amount that's actually meaningful, even if the chance is pretty low.

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May 09, 2017, 10:44:11 AM
 #4

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

Well freebitco.in owns a dice service too, so that's how they return a portion of the reward they give out. Tho mmost of the faucets rely just on ads for profit, pretty much nothing else.

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May 09, 2017, 10:59:49 AM
 #5

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

They make money from transaction fees and from mining.
I wouldn`t say that freebitco.in is a faucet site.It`s a bitcoin gambling site.
And yes,freebitco.in is legit indeed.




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niisarearning (OP)
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May 09, 2017, 11:06:56 AM
 #6

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

They make money from transaction fees and from mining.
I wouldn`t say that freebitco.in is a faucet site.It`s a bitcoin gambling site.
And yes,freebitco.in is legit indeed.
In your answer you said they earning from Mining also. Again your saying its not faucet site could you elaborate please
niisarearning (OP)
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May 09, 2017, 11:10:10 AM
 #7

Freebitco.in are an exception to most other faucets because they make their money by giving people incentives not to withdraw and instead throw away their money (saving up with a few measly satoshi to finance their dice game which they make far more than 4% profit on, having the dice game, etc).  Since faucets are paying such tiny amounts people can lose money through the opportunity to earn an amount that's actually meaningful, even if the chance is pretty low.
Its good explanation but also confusion in this part (saving up with a few measly satoshi to finance their dice game which they make far more than 4% profit on, having the dice game, etc )
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May 09, 2017, 01:04:31 PM
Last edit: May 09, 2017, 01:53:11 PM by isen
 #8

More than a year ago they announced that they are not relying on advertising revenue to survive.With their huge userbase and house edge (5% if I am not mistaken) on their dice game this is not a surprise.
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May 09, 2017, 01:46:53 PM
 #9

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

Freebitco.in is not just a site that has a faucet and is earning from advertisement but it has a gambling feature that is also earning. But anyway the major source of income of those sites are advertisement and even if they have only two or three ads in their sites they still earn big because of the traffic they are generated.
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May 09, 2017, 03:11:36 PM
 #10

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

They make money from transaction fees and from mining.
I wouldn`t say that freebitco.in is a faucet site.It`s a bitcoin gambling site.
And yes,freebitco.in is legit indeed.
In your answer you said they earning from Mining also. Again your saying its not faucet site could you elaborate please

They have several methods to generate income to distribute to users. They started out with gambling and advertisements and now they added a

mining operation that generate income too... They use all of this to pay themselves and also to pay their faucet users. People can also "bank"

money with them and they get interest on those deposits. { they use this money to fund their hardware and overheads to expand the mining

operation }  Grin

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Juggy777
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May 09, 2017, 03:33:29 PM
 #11

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

If you are looking specifically for freebitco.in, like one of the users have said they make money on mining, and they make some serious money to dole out the interest to all. Then they make money on the hi and lo game, there are many who have spent a fortune trying to get 8888 but have never got, including me. Then people spend coins buying lottery tickets, which no one knows who wins again pure profit. Plus all the huge amount they have now will getting them more interest, but not all facuets make such good income, freebitco.in has earned it's reputation and hence they are profitable.

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youdamushi
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May 09, 2017, 03:44:04 PM
 #12

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

Most faucets sites use adds to stay alive
That's why most faucet sites are dying by the way xD


PARADICE.io






niisarearning (OP)
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May 10, 2017, 06:50:11 AM
 #13

I used some sites to earn satoshi like freebitco.in it seems like very legit and also its referral system works fine . I barely see advertisement in this sites But these sites already given huge payout How these sites make revenue apart from advertisement

They make money from transaction fees and from mining.
I wouldn`t say that freebitco.in is a faucet site.It`s a bitcoin gambling site.
And yes,freebitco.in is legit indeed.
In your answer you said they earning from Mining also. Again your saying its not faucet site could you elaborate please

They have several methods to generate income to distribute to users. They started out with gambling and advertisements and now they added a

mining operation that generate income too... They use all of this to pay themselves and also to pay their faucet users. People can also "bank"

money with them and they get interest on those deposits. { they use this money to fund their hardware and overheads to expand the mining

operation }  Grin
Thanks its better explanation so they are using all the possibilities in one site and also giving back to their user its really good concept
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