Topic: [EDU] Faucet risks - page 5. (Read 67597 times)

Wow guys, so much negativity on faucets.


I too think there are a lot of scammers. I just want you to give me 2 cents (as a faucet owner). Firstly, I'm not in it for the money. At this time I invested about 50 eur into my faucet (hosting for 6 months, domain name for a year, satoshi to hand out). Web development has always been a hobby of mine. It would be nice to earn some pocket change eventually. If the money runs out before I break even, I'll just close the site and I'll try something else.


It's not easy earning some money as a faucet owner. I'm not even close to breaking even. My AdSense application was rejected. I keep wondering how other faucet owners do it. They beg users to click the ads (which NO advertising business allows). Talking about scamming.. I guess those faucet owners are scamming Google.

Bee-ads brings in little money. Anonymous ads was bringing in NO money. My Mellowads application was rejected. No idea why, I see loads of crummy sites with Mellowads. I'll never deal with Mellowads again.

At this moment I'm trying popunders. It's a bit of an annoying form of advertising, but I guess I'm trying everything.

To those who are convinced that making, running and maintaining a profitable faucet is an easy thing to do: Well, what stops you from starting one?

I'm open to all questions or suggestions. Please try to keep it civilised. There's already too much pain and anger in the world.

BadBear did. They asked for a thread like this when this section was created. I wrote it, they checked it and made it stick to the top.

How can I know which admin pinned this thread?

By the way Xapo is very complicated microtransaction service. My opinion is use more reliable services like faucetbox and quantity of faucets with Xapo wallets is not so big. In other case you can visits faucets only with direct wallet -> to wallet transactions WITHOUT and aggregator services, but there is could be little fee(far not always).

Thanks for this it really helped!

Nevermind, its old info.


Source: https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

I have never noticed this fees...
where can I see them?

Yes, xapo to xapo is free, but if you transfer from xapo to non-xapo you pay extra, 5 times normal fee IIRC.

Do I have fees if I send satoshi from my xapo wallet to a non-xapo wallet?

Oh wow, thanks so much for all this information! I think I will reserve my Blockchain wallet for larger transactions, while I use my Xapo for these faucets and micropayment caches.

Thanks much for your help!

Yes, unless you mitigate this somehow. Your bitcoin wallet or service shows you a balance, but bitcoin does not work that way. Its made up of transactions on the blockchain. Every transaction you received in the past can only be used by you, but it also needs space and that space is paid for with the transaction fee. The more transactions you receive the more space you need to spend the balance they created. The more space you need the higher is the fee you have to pay. My best guess currently is that you are fine as long as you keep payouts at ~0.01 btc. Another thing you can do is to use special wallets like xapo that allow transactions from the faucet to your wallet without using the blockchain. They use internal bookkeeping if you will. This will however only work with faucets that also use xapo. Xapo also has a very high for transactions outside of their internal system. Thus if you want to send bitcoin to someone that not uses xapo you have to pay a high fee every time even if you dont have to use many old transactions. This info is outdated, xapo no longer charges any fee no matter if you send to another wallet. Thanks winspiral.


I started out with faucets as well, I think most have. As long as you are aware of the downsides there is nothing that speaks against faucets. Its an easy way to test this magic internet money. While bitcoin is somewhat easy to use (not grandma easy, yet) it is very complex in its details. Which result in the above effects that a transaction for 1 BTC from a single old transaction is less expensive (~10k satoshi fee) than a transaction for 1 BTC from 100 old transactions for 0.01 BTC each (~180k-200k satoshi fee).

I'm very new to Bitcoin, and this... This is a bit confusing. So, in other words, what does it mean if I collect a lot from faucets? Will my wallet be affected negatively after some time?

And faucets are the reason why I found out about Bitcoin. I searched Google for "What is a bitcoin" and one of the top results was a faucet. But yes, it seems as if faucets draw much negative feedback in the btc community. *shrugs* I love the faucets; gives me something to do in my free time while I make some bits. I'm okay with that lol

Thats a good point thanks. Ill write an update soon, but I will probably not be able to cover all ways to defend against tracking.

There is also the risk of being traced. Since Bitcoin is (kinda) anonymous and you are giving away you'r Bitcoin adress there is a connection between your IP-adress and your Bitcoin adress.

well faucets has others business online has a risk involved on it thats why scamers make several new projects and attract investors then run away,to play and profit with faucet need support and has a good reward,some people just claim satoshis doesnt even click 1ads a week or month,this way the project will fail ,and is wizzard why google that has huge rules and restritions supports faucets ... but well they get more money from it then any other place.

This thread is about education, not speculation.. Anyway you have right - will survive only services with trust and experience.

Will not in the near future, only the best faucets will survive and make some money out of this .

I will do everything to FaucetWorld will never die..

The faucet world is over-saturated right now, not every faucet that will use the sample template will have profit, it's true that some of them are making loads of money everyday but they get there only by a twist made to their strategy. Considering the low payouts that faucets have, there are still plenty of users that are using them. So faucet's world i don't think will end soon. We'll see.

Not so easy like you say:
you cannot know in advance if it is a scam or if you are 100% sure it's a scam you cannot know if the scam process has already started.
take my gfaucets for example:
you cannot know in advance if it's scam or not scam...
I'm laughing out loudly whe i hear people talking about...we cannot know in advance...and in few cases it was just ...delaid payouts or technical problems