We had exchanged a few PMs and it's been a while since then. I thought I'd drop a message here, since you were worrying about FH being "new" and might have "security" issues when it first launched. It's been over 5 months since then, and we've taken over the faucet scene.
More than 60% of faucet industry coins are going through faucethub, and it can be seen on the stats page.
You remember that I offered you a direct withdraw option from faucethub to your site. That was the reason I approached today.
I'm not sure if your "community manager" consulted you before posting what he posted, but I find this very unprofessional and disappointing.
Anyway, forget I even asked you (wetsuit) to add FH as a withdraw option.
Wish you good luck with your business.
-mex
What's the benefit to FH for faucet users? I must be missing something. Since wetsuit's site lets you defer payment until you want to withdraw, you can already minimize your inputs by making fewer withdrawals, and the balance earns interest in top of it. What does FH do that is an improvement upon this (for someone unfamiliar like me)?
I agree with your reasoning of the deferred payments, but as a FH user, I'll give you my input. There are many sites/faucets that allow for an earnings balance to be held in-game until you're ready to cashout. Even then, it's hard to save up any kind of considerable amount that makes it worthy enough to initiate a transaction to your address/wallet without incurring fees for when you are ready to SPEND those btc that you've earned.
I like FH because it's an aggregator/consolidator for many of the faucets and sites that I visit. I can easily save up to my personal threshold of 0.01BTC before requesting one withdrawal, vs. the dozens and dozens of other withdrawals I would have had to request to total the same amount.
"But, Joe, what does it matter? I don't mind paying the fees when I make a withdrawal from these faucets."The problem is when you try to SPEND those earnings. Your transaction size will become huge from the dusty inputs. At an average of 200sat/B, you're looking at a very healthy fee to be able to send an aggregated 0.01BTC that came from dozens, if not hundreds, of sources. I guess what I'm trying to say is that FaucetHUB is a great buffer between all of the web's more popular faucets and your wallet. It acts as a sort of "payment gateway" or mixer, in a sense.
Does this answer your question? I could go on and on, but for the sake of keeping it simple, I'm going to stop it here lol
And @wetsuit, I wouldn't mind having FaucetHUB as an option for withdrawal on your sites. BTC and DOGE
Consider this another vote/request for FH to be implemented into your site. And I'm willing to bet that mex would work out a custom fee/cost structure for you, given your volume as the largest bitcoin faucet at the moment.
That does make some sense, but how does FH afford to be an aggregator. If they have so many inputs coming in, and they just hold coins until users withdraw, the users may only have one input when they get their payment, but the total number of inputs has not gone down, it's just that FH has to pay for them all for first collecting all the dust transactions. Someone still has to pay it, how does FH afford it?