Is it smart to make a Bitcoin Faucet

[ranlo]

Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.

you could do more profitable things,then buy bitcoins, then have more hundreads of bitcoins. Or, if you are in the full bitcoin faucet giveaways times, just mine btcoins.



@topic: for me the faucet market for bitcoin is saturated, so you should put your faucet like part of a bigger site, like a cassino or a bitcoin news site. Or maybe make faucets in others languages, like spanish, french or russian. Not sure if would make difference

I agree that there are more profitable ways. But that's like saying "you're better off going to college for 8 years and becoming a medical doctor than you are working at your local tax firm." There are millions of things more profitable than anything else. That's irrelevant; there's a reason why people choose one thing over another.

[Malin Keshar]

Smart decision IMO.
I don't know why, but some people are really obsessed with faucets even when they only get a tiny bit of bitcoin.

People asked the same thing back when faucets gave out whole Bitcoins and they had no value. They said the same thing again when they paid out mBTC's and they had no value. See where I'm going with this? :p. It's all speculation. If you had hit up faucets back in the day, you could have hundreds of Bitcoins now. While they had no value then, they do now. If you had hit them after that, you could have a few full Bitcoins. While they had no value back then, they do now.

you could do more profitable things,then buy bitcoins, then have more hundreads of bitcoins. Or, if you are in the full bitcoin faucet giveaways times, just mine btcoins.



@topic: for me the faucet market for bitcoin is saturated, so you should put your faucet like part of a bigger site, like a cassino or a bitcoin news site. Or maybe make faucets in others languages, like spanish, french or russian. Not sure if would make difference

I agree that there are more profitable ways. But that's like saying "you're better off going to college for 8 years and becoming a medical doctor than you are working at your local tax firm." There are millions of things more profitable than anything else. That's irrelevant; there's a reason why people choose one thing over another.

but go to faucets aggregates nothing, while we have an entire services subforum with lots of services and signature renting, and the gambling section with some good offers.Study 8 year to be a doctor is delay your returns, so they are like different kind of stuff. Use services and mining instead of faucets would be like work for one tax firm that pays less for the same job than other near you home.

[bitsmichel]

For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code

[Mitchell]

For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code

I can tell you right now that nobody will do that. Why? Bots.

[cookmac]

I think if you can build something equal to or better then freebitcoi.n I`d probably join.

I mean why not right? As long as you pay out..so yeah.

[neil95]

Do people seriously still use faucets?

[cookmac]

Do people seriously still use faucets?

I do. Why not? It takes a lot of time though, but I`m on the computer most of the day anyways which is why I do it.

Not sure about others. As long its free I`m okay with it.

[neil95]

Doesn't seem like it's worth the time. But it's your choice.

[apsvinet]

I'd say you're probably a bit late to the faucet party. The most popular ones are well established and it's hard for new ones to get popular.

[ranlo]

I'd say you're probably a bit late to the faucet party. The most popular ones are well established and it's hard for new ones to get popular.

If a faucet pays equal to or higher than the more prominent ones, there is plenty of space left. You could go a single satoshi higher than the higher paying ones and become everyone's first choice.

[hikedoon]

 Here's an idea for you.
                                   THE BITCOIN EDUCATION FAUCET   
                     or some other title that makes it clear that it's about learning for newbies.
    You could have multiple choice answers for the visitors to click to earn some satoshi. I've not seen a faucet like that yet.

   Something like:  What is a tx?
                                          (a)=transaction
                                          (b)=a spoon
                                          (c)=your mamma

   Every question should be about Bitcoin lingo and be written for the layman.
                       

[ranlo]

For me, I want an automatic faucet that I can open every hour without typing any code. Just a link.. no need to press button or QR code

I can tell you right now that nobody will do that. Why? Bots.

This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.

[Malin Keshar]

Here's an idea for you.
                                   THE BITCOIN EDUCATION FAUCET   
                     or some other title that makes it clear that it's about learning for newbies.
    You could have multiple choice answers for the visitors to click to earn some satoshi. I've not seen a faucet like that yet.

   Something like:  What is a tx?
                                          (a)=transaction
                                          (b)=a spoon
                                          (c)=your mamma

   Every question should be about Bitcoin lingo and be written for the layman.
                       

I think there is an educational faucet around here, but not sure if for teach the basics of BTC.

Still a good idea

[bitsmichel]

This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.

Actually using some clever hacking you could have a bot that fills in the catpcha and presses the button.
However the pay-off to make such a bot is not worth the time, you may be able to automatically get 0.00288 B / month 

[ranlo]

This right here. It's also why faucets pay so little. People could otherwise use services that enter captchas for you and still bot them.

Back in the day faucets didn't have any captchas, and there were bots that would just skip around and keep hitting them for you automatically. Blame the people that exploit like this for why we have the annoyances we do today.

Actually using some clever hacking you could have a bot that fills in the catpcha and presses the button.
However the pay-off to make such a bot is not worth the time, you may be able to automatically get 0.00288 B / month 

When Bitcoin is $100k each, that 0.002 BTC will be worth a lot, .

[bitsmichel]

When Bitcoin is $100k each, that 0.002 BTC will be worth a lot, Smiley.

yes, but i earn more btc using other methods 

[Nagato4]

If you have no special skills or products to sell, have lots of free time, and don't have a member rank account on bitcointalk, I can understand why you use faucets.

Otherwise, I don't think you should spend your time on faucets at all...

[ranlo]

If you have no special skills or products to sell, have lots of free time, and don't have a member rank account on bitcointalk, I can understand why you use faucets.

Otherwise, I don't think you should spend your time on faucets at all...

You can mindlessly do faucets though. You can even knock them out while watching TV and stuff, whereas you'd need to take the time to think to do any of the other things.

[Kprawn]

Well if you manage to do a faucet, do one not for your own benefit, but for the benefit of the people in need in this world.

Target :

1. Asia or Africa {Where most people do not even earn more than $10 a week}
2. Make it as easy as possible.
3. Make it educational. {Force them to read a whole page, and answer a question} When they answer correctly, pay them.
4. Make the payment worth the trouble.
5. Offer different languages.

One of my favorite movies of all time, is "Pay it forward" - If more of us, create anything with that in mind, you will prosper.

Doing anything to steal from others, will eventually lead to failure.

Good luck

[Benjig]

The captcha in a bitcoin faucet is a must, i have seen faucets of gambling sites, free faucets, to be depleted by bots withing hours because they dint have a captcha.. even if the faucet is as little as 0.0005 it can be depleted.