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?