Is it smart to make a Bitcoin Faucet

[wenben]

Any reason why people make bitcoin faucet?

[Mitchell]

Any reason why people make bitcoin faucet?

To help newbies and give back to the community.

[CaptainBeck]

Any reason why people make bitcoin faucet?

To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.

[drporschef]

I would rather buy some faucet then start one, thats more established.

[ranlo]

Any reason why people make bitcoin faucet?

To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.

Most faucets that aren't losing money are part of much bigger projects. People are pretty immune to the ads that are on faucets (due to skipping around so much), so their value is minimal at best. Most are going to lose money. If they bring visitors to their other sites, though, it can more than compensate for these losses.

[311]

I wasted too much time on faucets. They arent worth the effort,.

[Kiki112]

make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about

[ranlo]

make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).

[PerrythePlatypus]

If you could get some people to visit your faucet, add some ads and you might be able to make ROI. Make weekly payments in batches, so that you have to reach x amount of bitcoins to cashout. It would not incur so much transaction fees.

[Balls]

Faucets are such a waste of time, but newbs get suckered in with the promise of their first free coins.

[yatsey87]

make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).

It wouldnt be worth the work or hassle for the operators of the faucet. Things need to be automatic to have any chance of turning a profit. They already dont make that much from advertising so its got to be profitable and worth it to them.

[Clegg]

Faucets are such a waste of time, but newbs get suckered in with the promise of their first free coins.

Newbs can only learn the hard way on this.

[CaptainBeck]

make manual payouts instead of automatic ones, if someone hacks the system then you'll most probably notice it and avoid it
so you have nothing to worry about

That's a lot of work if you're doing tens of thousands of payments a day. Most people don't want to deal with all of that (and the earnings are so low it's not worth it anyways).

It wouldnt be worth the work or hassle for the operators of the faucet. Things need to be automatic to have any chance of turning a profit. They already dont make that much from advertising so its got to be profitable and worth it to them.

Agreed, automation makes this less costly, if you have to check and validate all these before agreeing to payout it could add alot of time/money on after small profits.

Any reason why people make bitcoin faucet?

To help newbies and give back to the community.

Gets people on their site, so they can stick some adverts and links to other things. The trick is to make more than you give away obvious i know but hard for alot of people to get right.

OP i'd be keen to see you other faucets first before saying you should make more, but hey if you can make them work, i'm sure you could make BTC work.

Most faucets that aren't losing money are part of much bigger projects. People are pretty immune to the ads that are on faucets (due to skipping around so much), so their value is minimal at best. Most are going to lose money. If they bring visitors to their other sites, though, it can more than compensate for these losses.

Is a good point and worth thinking about, if you can get them thru the door with this and keep them for something else, it might be worth taking the lose here to win big in other places.

[eatingtic]

I would probably just partner up with an existing faucet, and see if they are open to promote yours as well.

Of course there will be some part of compensation to do so.

Thats if you made a bitcoin faucet.

[f4t4l]

i need free faucet script to make a faucet bitcoin. any body can help me?
Posted from Bitcointa.lk - #EB4eMFPmbHgmTYzx

[Kprawn]

Well everyone has to start somewhere.

Even if you have to start with faucets.  

It's a learning curve, and how would you not know, that it hurts when you bump you head, if you have not done it before?

Can faucet operators, not program the faucet to screen big payouts, then they just need to check those.

A hacker will have to go all out, to get something worthwhile from a faucet.

Eg. Let's take Freebitco

1. Take highest payouts. {Put a halt order before payout on a certain limit, set by the operator}
2. Manually check, if this person "clicked" every hour. {Compare this to the maximum, a person can get through "free rolls"}
3. Check if he won the jackpot. {If it = NO flag it}
4. Check if he gambled, and if he did, how much. {Check winnings}

If the numbers do not add up, suspend his account. {Send a email to owner of the account}

If he receives no explanation, within a set period, delete the account.

Should not be that much work or effort, to only check the highest payouts.

[ranlo]

Well everyone has to start somewhere.

Even if you have to start with faucets. 

It's a learning curve, and how would you not know, that it hurts when you bump you head, if you have not done it before?

Can faucet operators, not program the faucet to screen big payouts, then they just need to check those.

A hacker will have to go all out, to get something worthwhile from a faucet.

Eg. Let's take Freebitco

1. Take highest payouts. {Put a halt order before payout on a certain limit, set by the operator}
2. Manually check, if this person "clicked" every hour. {Compare this to the maximum, a person can get through "free rolls"}
3. Check if he won the jackpot. {If it = NO flag it}
4. Check if he gambled, and if he did, how much. {Check winnings}

If the numbers do not add up, suspend his account. {Send a email to owner of the account}

If he receives no explanation, within a set period, delete the account.

Should not be that much work or effort, to only check the highest payouts.

If you are verifying data before it is written to the database (and have cleared out potential problems with SQL injection) there shouldn't be problems anyways.

[FattyMcButterpants]

tacocoin sounds like a really great investment. OP, could you tell me more about it?

[DMeeks]

Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.

[Mitchell]

Faucets main issue currently IMO isn't fees or security but the lack of advertisers in the typical smaller faucets but not totally sure, IMO it's not profitable to open a faucet now.

I agree with you. I had to close my faucet because I couldn't pay my visitors with the revenue I got from my ads. Which sucked to be honest. I loved being a faucet owner.