Author

Topic: can someone explain faucets to me and how they work? (Read 1740 times)

legendary
Activity: 2212
Merit: 1199
if you want sth free, faucet is your choice. it's the first step to know what is btc

I though 1st step to know what BTC is is visiting www.bitcoin.org Smiley and then youtube.com -> bitcoin, and then Bitcointalk Smiley

And you can earn a lot more @ #services than from any faucets.
member
Activity: 98
Merit: 10
if you want sth free, faucet is your choice. it's the first step to know what is btc
full member
Activity: 126
Merit: 100
they give out fractions of pennies for visiting their site
eoJ
full member
Activity: 140
Merit: 100
I'm currently mining bitcoin and litecoin and see ads all the time for faucets

what are faucets, how do they work and why would I be interested in one?

thanks in advance?

not worth the time and trouble years ago they paid out good.
No they didn't? When? Maybe $0.15-0.20 at the time, per day, but not what I'd call good.
full member
Activity: 146
Merit: 100
Co-Founder @ Blocktrail
They are for improving the interest in bitcoin.
Most of them will let you look at adds.
legendary
Activity: 2212
Merit: 1199
There Mainly for creatin bitcoin awareness

Well and perhaps it does works somehow ... Smiley

full member
Activity: 210
Merit: 100
There Mainly for creatin bitcoin awareness
legendary
Activity: 2212
Merit: 1199
I'm currently mining bitcoin and litecoin and see ads all the time for faucets

what are faucets, how do they work and why would I be interested in one?

thanks in advance?

faucets are waste of time Smiley

Faucets gives you "free" money for typing captcha or watching some adv or something.
They have money to pay from adverts and donations.

They pay a very little Wink and you will never get a lot from it Wink
If you will get 0.1 btc from ALL faucets in a half year time - you are lucky!

Smiley

Faucets are waste of time - but I might be wrong.
legendary
Activity: 3472
Merit: 4801
A faucet is created to get people to use a new currency. This works economically when the cost of giving away a free coin is less than the value of having a new user of the currency. Faucets are initially funded by individuals who have a vested interest in a new currency, and are kept going by donations. I'd say bitcoin faucets are no longer economically viable - the margin gained by a new user is not worth a transaction fee.

This is true.

My comments were specifically tailored to "Bitcoin Faucets".

If you are interested in one of the hundreds of fad altcoins, then a faucet can be a reasonable way to acquire some.  In this case, I'd stick with faucets that have no advertising on the webpage.  These faucets are created by people who hold a substantial percentage of the currency and are willing to give away usable amounts for a short time to increase awareness and usage. They profit by the increase in spending power of their remaining currency as demand increases.

legendary
Activity: 1137
Merit: 1001
A faucet is created to get people to use a new currency. This works economically when the cost of giving away a free coin is less than the value of having a new user of the currency. Faucets are initially funded by individuals who have a vested interest in a new currency, and are kept going by donations. I'd say bitcoin faucets are no longer economically viable - the margin gained by a new user is not worth a transaction fee.
sr. member
Activity: 266
Merit: 250
what are faucets,

Faucets are services sold to advertisers.

how do they work

The faucet purchases the eyeballs of gullible people for unspendable fractions of a bitcoin.  Then they sell these eyeballs to advertisers at markup that provides the faucet operator with a substantial profit.

and why would I be interested in one?

If you value your time, and don't want to litter your wallet with unspendable dust, then you wouldn't be interested in one.

If you enjoy wasting time on a monotonous task that doesn't earn you anything useful, then you might want to check some out.

ok - my decision has been made -further research NOT required.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
I'm currently mining bitcoin and litecoin and see ads all the time for faucets

what are faucets, how do they work and why would I be interested in one?

thanks in advance?

Here is what u r looking for...

How do free faucets pay ?

https://bitcointalksearch.org/topic/how-do-free-faucets-pay-431978
legendary
Activity: 3472
Merit: 4801
what are faucets,

Faucets are services sold to advertisers.

how do they work

The faucet purchases the eyeballs of gullible people for unspendable fractions of a bitcoin.  Then they sell these eyeballs to advertisers at markup that provides the faucet operator with a substantial profit.

and why would I be interested in one?

If you value your time, and don't want to litter your wallet with unspendable dust, then you wouldn't be interested in one.

If you enjoy wasting time on a monotonous task that doesn't earn you anything useful, then you might want to check some out.
sr. member
Activity: 266
Merit: 250
Faucets give you free Money.
There isn't really much more to know about it.

how can anyone afford to give you free money - something has to be given in return - they're not the fed - they just print mode money when they feel like the fed (here in the US)
member
Activity: 112
Merit: 10
I'm currently mining bitcoin and litecoin and see ads all the time for faucets

what are faucets, how do they work and why would I be interested in one?

thanks in advance?

not worth the time and trouble years ago they paid out good.
hero member
Activity: 714
Merit: 500
Faucets give you free Money.
There isn't really much more to know about it.
sr. member
Activity: 266
Merit: 250
I'm currently mining bitcoin and litecoin and see ads all the time for faucets

what are faucets, how do they work and why would I be interested in one?

thanks in advance?
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