How Will BTC Faucets Deal With A $50,000 Bitcoin Price?

[rivercityjon]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

[CoinEraser]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

I think some faucets change to another coin or maybe the user of the faucet has to claim 10 or more times to get 1 satoshi.  

[phreakk]

Let's start with the fact that at $50,000 USD per BTC means that 1 Satoshi is worth $0.0005, or about 0.05 cents... 1/20th of a cent! I feel like faucets should be able to pay at least 1/20th of a cent per claim, as going below that means you're truly paying nothing.

Anyways, what if the price of Bitcoin reaches such a height, that paying 1 Satoshi per claim would be too much?

A points system. Example: A faucet could give 1 point per claim and you'd need 100 points to obtain 1 Satoshi. It's that easy!!!  
Another option is that they switch to a different coin or they make it a gambling thing. "5% chance to win 1 Satoshi" for example.

[tora]

Not only would they have to reduce the value of each claim they would also have to reduce the value of the withdrawal limit.

[Mpamaegbu]

You are absolutely right about the decrease in claims from faucets as bitcoin price increases. I once experienced this with dogecoin when I started newly in crypto. It used to be two doges per claim until it was decreased to 0.5. But really, faucets are a complete waste of time if you asked me.

[bitart]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

I think some faucets change to another coin or maybe the user of the faucet has to claim 10 or more times to get 1 satoshi.  

1 satoshi is the technical minimum limit of the bitcoin, but a faucet can say that 1 click worths 0,1 satoshi, and you can claim your earnings when you reach 1 satoshi, no problem and most of the people will understand easily. There's no need to switch to another coin, and people will be more happy with 0,1 satoshi per click instead of some alt because they only need to look for the BTC/USD price and don't need to calculate with the alt/BTC exhange rate as well.

[Raimy]

They would simply keep decreasing the payout. You would need to earn sub-satoshis on the site and they would not credit you until you reached a certain payout threshold such as they already do. The only difference would be you would need to visit enough times to earn the minimum payout, even if that were 1 satoshi. It would probably need to be higher than 1 as there would be a network transaction fee.

Of course if bitcoin ever got to be that valuable the developers could simply add more decimals to the code to take care of such situations. Right now we still have two decimals past the penny so we have some time yet. Bitcoin would need to reach $1 million dollars each for 1 satoshi to equal 1 cent.

[ModaFuka1994]

If Bitcoin price will reach to 50k$ I think all Bitcoin faucets will have to close cause nobody will earn Bitcoin by claiming faucet. Maybe they can change to try other altcoin faucet like Altcoin or Raiblock (I don't know which one is still available or not) then they can use the altcoin they got from altcoin faucet to convert to Bitcoin if they want. I think it's better way for people whom still want to earn from faucet cause at the moment when Bitcoin price about 11k$, to get enough 100k sts per day with faucet, it's very difficult and require a lot of time so when Bitcoin price will be 50k$ I think to get 100k sts with Bitcoin faucet only is impossible

[GreatOrchid]

Bitcoin faucets are not worth it anymore, not even worth it to the owners of the sites.

Just do your own math, around 20 satoshis per claim are they giving at the moment. If bitcoin goes upto $50,000, then it would be aprox x5 of the actual price.

20/5 = 4

They will be giving out around 4 to 6 satoshis per claim. But honestly, they would not be alive for a long time, and that is why most faucets are now giving out doges or ripples instead of bitcoin.

[LTU_btc]

When 1 satoshi will be too high reward for faucets to pay, probably they will pay less than 1 satoshi. Rewards will be like 0.5 satoshi, 0.01 satoshi and etc. It's same like Dogecoin faucets paying less than 1 Dogecoin currently and people don't see nothing wrong in that.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.

[Lipe490]

When 1 satoshi will be too high reward for faucets to pay, probably they will pay less than 1 satoshi. Rewards will be like 0.5 satoshi, 0.01 satoshi and etc. It's same like Dogecoin faucets paying less than 1 Dogecoin currently and people don't see nothing wrong in that.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.

Is it possible to have less than 1 satoshi? Faucets will be gone soon and only altcoins faucets will keep running. Faucets are expensive to manage and the rewards arent worth. Also the bitcoin fees dont help at all, because if bitcoin price rises, fees will follow the same.

[jseverson]

The obvious answer would be to make Bitcoin even more divisible. Satoshi is currently the smallest unit, yes, but should the need arise, it should be fairly easy for the network to add more decimal places. It's more of a question of: is it even necessary in the foreseeable future? 1 Satoshi isn't even worth 1 cent, and Bitcoin would need to grow 100x before it even reaches that milestone.

Also, should 1 Satoshi start to be worth too much, we're going to have much bigger problems, like mining fees. Faucets should be the least of your concerns tbh. Either way, there's a clean and simple solution.

[Nerman]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

They just give depending on  the value of bitcoin since the fast rise of bitcoin this year they need to adjust the free satoshi they give away. It's benn a long time since i visited a faucet site and made me curious while seeing your topic. One of the fauce that i visited they now gice mbtc a smaller way to divide bitcoin.

[8270thNinja]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

Probably they will lessen the satoshi claim, since they are just sharing a small share from their Advertisement profit so i think that will not be a problem, a little tweak and a little change on the system would make things go smooth on these faucets and i don't think faucets will be that famous now not the same as how faucets famous back then.

[Shreek]

I think the solution, the faucet should add longer pause time to the miners. and at least it slows down the expenditure of the faucet. or limiting every miner.

[shadowdio]

maybe they will collect many points of claims then once they reach a minimum points then they can now convert it into 1 satoshi, maybe this is the good way to continue their faucet sites if bitcoin reach $50,000. 

[shone08]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

Probably they will lessen the satoshi claim, since they are just sharing a small share from their Advertisement profit so i think that will not be a problem, a little tweak and a little change on the system would make things go smooth on these faucets and i don't think faucets will be that famous now not the same as how faucets famous back then.

This is what will happen to every faucet site if the price of bitcoin reach $50k but if you notice after the price of bitcoin hit to $11k the time interval became longer and the price to claim satoshi will also decrease although this is a good idea and favor for faucet owner but for claimer this is bad because you need to claim hard to earn a small reward while the owner earn a huge amount for every visitor who click the ads.

 

[Crypington]

It kind of sucks as it is now.... with faucets paying 15 or 20 sats, and a 25000 or 30000 or 50000 minimum withdrawal, it’s going to take like a year to a get a payout.  It is no longer worth it, IMO.  

[Don Pedro Dinero]

The simplest way is they will give fractions of satoshis. If you look at nº1 faucet brother site, freedoge.co.in is currently giving 0.33 dogecoins per claim so, in the future, they will give less than 1 satoshi per claim at freebitco.in if needeed.

[tanghere1]

If the btc price rise to $50,000 usd, they will have to do 5 or more faucet claims to make a single(1) satoshi. That would be one great solution don't you think?

[pugi2]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

All depending the faucet company, maybe they will close the the website of faucet.
If they already exist long time then switch to another coin is good option.

[apoteos]

You could probably stack a few claims to get a satoshi or locally fraction them, but it's possible for the faucets to actually phase out when satoshis are worth more.

[kumar jabodah]

Surely it will not be able to afford faucets owners. And they're going away. Surely no one else will try to claim faucets and consume time for the small rewards they get. I'm sorry to think that because I'm one of the faucets claimers, but I'm just tired. Due to too low a given bitcoins.

[oblomov]

I predict that faucets will all but disappear within the next year. 

It will be impossible to run one profitably.

[audrey12]

I've been joining some faucet and it has a certain price that is maximum $10,000 I think they were able to deal with the increasing value of bitcoin because they set a fixed amount for the major price the only problem is that if they don't set any limitation for their price they may probably incurred lost from these faucet.

[The Sceptical Chymist]

Well, they probably won't exist anymore--that's my take on it.  And it'll be unfortunate, because a lot of folks (including myself) get/got their start in bitcoin by using faucets.  Right now moonbit.co.in is paying less than 20 sat/claim, or something close to that.  And I remember when it used to be in the 1000s.  If btc reaches $50k or more, who knows.  I can't imagine running a faucet is all that profitable to begin with.  I've seen a number of them cease operations, so my guess is the operators don't make a lot of dough from the advertising.  Eh.  We'll see if/when bitcoin reaches that level.  That remains to be seen.

[endlasuresh]

If BTC reaches that status, then PTC need to stop or they need to use point system. I don't think this faucet programs will close and run away as we see no one is clicking those pennies and they even lead to scam.

Earning through Faucet programs is a waste of time, now with the price $50,000 really sucks the mud.

[Sithara007]

I was never a big fan of these faucets. If you have no other way to earn Bitcoins, then please do some freelancing and earn the salary in fiat cash. Later convert this fiat to Bitcoin. None of the faucets pay more than $1 per hour, which is a massive waste of our time and effort.

[drwhobox]

Faucets always pays you small ammounts of satoshi in the end they would always win with adsence everytime you go to their site. They woukd pay you a single satoshi maybe after 1-4 Claims or they would just add another zero at the end. Faucets is not the best way to earn money (and yes it's free money) but, you would spend your time in clicking capcha and in the end you would eaen like .5 usd in a week?

[sarul]

If the price of Bitcoin continues to climb to $50,000 USD,

Faucet will give 0.1-1 sat/hour maybe , then faucet will be gone and just a history. People may forget it due on claiming 0.1-1 sat/hour is really not profitable and bored.

[LTU_btc]

When 1 satoshi will be too high reward for faucets to pay, probably they will pay less than 1 satoshi. Rewards will be like 0.5 satoshi, 0.01 satoshi and etc. It's same like Dogecoin faucets paying less than 1 Dogecoin currently and people don't see nothing wrong in that.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.

Is it possible to have less than 1 satoshi? Faucets will be gone soon and only altcoins faucets will keep running. Faucets are expensive to manage and the rewards arent worth. Also the bitcoin fees dont help at all, because if bitcoin price rises, fees will follow the same.

Why do you think less than 1 satoshi isn't possible? It's just a numbers...
I don't agree. Bitcoin faucets will be not replaced by altcoin faucets. Users prefer to get Bitcoin and they are less interested in altcoins. Mostly faucets are paying through microwallet services like Faucethub or Faucetsystem, so fees aren't big problem in this case.

[13abyknight]

Faucets are already giving out negligible rewards especial for the amount of time one spends on clicking for the rewards. More than us, they would be having a closer watch on the price of Bitcoin which influences the rewards being given out. Thinking from another view, some of the faucet sites running JavaScript miners are actually making profit minus'ing the payouts they provide, as browser mining and ads are their only ways to sustain.

[Chris314]

Many faucets have their rewards calculated upon usd/btc current price. For example Freebitco.in has their biggest reward calculated as the equivalent of $200, and then lower rewards are divided by 10 each line, the smaller is worth 0.2 cents or 0.002$.
If a bitcoin is worth 50 k$, biggest reward will be 0.004 and smallest reward will be 4 satoshi.

With their scheme, they can offer a reward for every user until bitcoin price reaches 200k$. A that time, smallest reward will be 1 satoshi, equivalent of 0.2 cents.

[krauzzer02]

It kind of sucks as it is now.... with faucets paying 15 or 20 sats, and a 25000 or 30000 or 50000 minimum withdrawal, it’s going to take like a year to a get a payout.  It is no longer worth it, IMO.  

It will take like forever actually, how many days and months you're gonna spend to this faucets just to hit the target minimum withdrawal, it is really a waste of time if you don't have tons of active referrals that will support you.

The best way for them is to make the earned satoshi's from faucets convertible to any cryptocurrencies like eth, choice of the user or they will create their own token or coin and reward their users.

[Mr.Smithers]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

well, if at 10k per BTC they can afford to pay 15 satoshi per claim I can see no reason they cannot accomodate and pay 3 satoshi per claim when the BTC price rises 5-fold. The foreseenable problems will start at 150k per BTC when you cannot divide 1 satoshi any further. And 150k is (currently) nowhere in sight

[Red-Apple]

faucets started as a cool little idea to "give away" bitcoin and get more people involved. it was for free and a large amount not dust. there were faucets giving away 3 bitcoin at a point!!! now they are all used for money making both by their owners and the users!

and for years they do not pay you directly, they use a third party (like a bowl to gather the drops) and nothing is stopping them from paying their users 0.1 satoshi 0.00001 satoshi and so on which will solve the price issue and the users will have to accumulate 100,000 satoshi to be able to withdraw!

[InvoKing]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

It is simply a number that you can divide it.
For example 1 BTC = 1000 mBTC
So in the future when 1 satoshi will cost many dollars we will simply divide it. For example, 1 Satoshi = 1000 mSatoshi.

faucets started as a cool little idea to "give away" bitcoin and get more people involved. it was for free and a large amount not dust. there were faucets giving away 3 bitcoin at a point!!! now they are all used for money making both by their owners and the users!

and for years they do not pay you directly, they use a third party (like a bowl to gather the drops) and nothing is stopping them from paying their users 0.1 satoshi 0.00001 satoshi and so on which will solve the price issue and the users will have to accumulate 100,000 satoshi to be able to withdraw!

Indeed, the only problem imo is the high fees which will be a limited factor for the transactions..

[gabmen]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

Lol. Obviously these faucets won't be as easily acquired as before. There was a time when faucets seem insignificant and is only for those that have a lot of time and patience for this kind of thing. Today, you can't really tskr lightly anything that generates btc for free

[Thekool1s]

Well, they probably won't exist anymore--that's my take on it.  And it'll be unfortunate, because a lot of folks (including myself) get/got their start in bitcoin by using faucets.  Right now moonbit.co.in is paying less than 20 sat/claim, or something close to that.  And I remember when it used to be in the 1000s.  If btc reaches $50k or more, who knows.  I can't imagine running a faucet is all that profitable to begin with.  I've seen a number of them cease operations, so my guess is the operators don't make a lot of dough from the advertising.  Eh.  We'll see if/when bitcoin reaches that level.  That remains to be seen.

Exactly! i remember when i used to receive 700-900 Sat per roll on freebitco.in, Anyway i don't think that they will cease to exist but we will start to see the mining faucets pop up everywhere, or the ones which ask people to do surveys. A faucet market will always exist but it will see some transformation for sure. What these transformation will be? we have to wait and see.

[estanislao1994]

At this rate, if Bitcoin would raise to $50,000, faucets would be paying a much higher price indeed. There would come a time that they would be giving out 0.001 btc per captcha. This would never cease to exist since faucets is a way of income of these companies and users who are being interested in Bitcoin is starting to invest via faucets.

[Lucius]

Even today with current price most faucets pay very low reward, at the moment when the owners are trying to find a balance between income and expenses.Most of them use hiden mining script to increase income,but since many antivirus software block it this is not long lasting solution.

As price go up rewards go down,and with 50k$ per BTC I do not know if there will be any faucets.But people are resourceful and they will maybe find the way how to continue run faucets.I think that such big price will attract even more users in cryptocurrency,and they always seeking the easiest way to get some free coins.

Faucets are nice way to start and exploring how cryptocurrency is work,free coins will always be free coins no matter how small the amount is.Just remember few years ago at BTC price of 200-250$ you can make 200 000-500 000 satoshi daily very easy-convert that in today price and you have 25-60$ per day.

[bill gator]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

Let's be real, where there is a will there is a way and faucets have been making money for years off of this kind of stuff. If bitcoin becomes more valuable, all that does is give them incentive to change the rules, pay-outs, games, ads or whatever they're already doing to compensate for the price; I see where you're coming from "Once a Satoshi costs too much will they be unable to pay-out?," the answer is no; they're just start issuing out site-credit that breaks down Satoshi into even smaller fractions, forcing you up to at least 1-Satoshi before you can withdraw or something of that vein.

They'll start making you do multiple cycles/ads for a single Satoshi, make their ads longer, more complex, more interactive, more demanding, their entire system will tighten up, but continue business as usual. If you've ever heard of Neobux or other PTC-sites, they hand out $.0001 for some ads, and obviously they can't give you less than $0.01 other than their made up site credit.. It would be kind of like that, until enough people just got sick of it, bored or decided the faucets have tied a noose around themselves.

[hiscall]

As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.

If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.

Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?

No , this will increasing number of  faucets and many will try to find like this sites.

so that many now stay many hours in this site

[gutavo1dias]

You are absolutely right about the decrease in claims from faucets as bitcoin price increases. I once experienced this with dogecoin when I started newly in crypto. It used to be two doges per claim until it was decreased to 0.5. But really, faucets are a complete waste of time if you asked me

[kevoh]

At this rate, making use of bitcoin faucet will be a waste of time to those seeking free bitcoins. You waste your time clicking free ads and solving captchas which generate revenues for the website but waste your own time. The free satoshis given out have been reduced that by the time you actually earn enough bitcoin to withdraw the bitcoin transaction fee will discourage you. You can never earn something tangible using bitcoin faucets.

[Xzhyte]

Most faucets are just a waste of time. Never really pays out. There were some legit sites before but now, i guess its very rare.
If the price reaches 50,000 maybe their payout would be lesser in terms of btc to compensate for the price.