Topic: How Will BTC Faucets Deal With A $50,000 Bitcoin Price? - page 2. (Read 1107 times)
Well, they probably won't exist anymore--that's my take on it. And it'll be unfortunate, because a lot of folks (including myself) get/got their start in bitcoin by using faucets. Right now moonbit.co.in is paying less than 20 sat/claim, or something close to that. And I remember when it used to be in the 1000s. If btc reaches $50k or more, who knows. I can't imagine running a faucet is all that profitable to begin with. I've seen a number of them cease operations, so my guess is the operators don't make a lot of dough from the advertising. Eh. We'll see if/when bitcoin reaches that level. That remains to be seen.
I've been joining some faucet and it has a certain price that is maximum $10,000 I think they were able to deal with the increasing value of bitcoin because they set a fixed amount for the major price the only problem is that if they don't set any limitation for their price they may probably incurred lost from these faucet.
I predict that faucets will all but disappear within the next year.
It will be impossible to run one profitably.
It will be impossible to run one profitably.
Surely it will not be able to afford faucets owners. And they're going away. Surely no one else will try to claim faucets and consume time for the small rewards they get. I'm sorry to think that because I'm one of the faucets claimers, but I'm just tired. Due to too low a given bitcoins.
You could probably stack a few claims to get a satoshi or locally fraction them, but it's possible for the faucets to actually phase out when satoshis are worth more.
As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
All depending the faucet company, maybe they will close the the website of faucet.
If they already exist long time then switch to another coin is good option.
If the btc price rise to $50,000 usd, they will have to do 5 or more faucet claims to make a single(1) satoshi. That would be one great solution don't you think?
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
The simplest way is they will give fractions of satoshis. If you look at nº1 faucet brother site, freedoge.co.in is currently giving 0.33 dogecoins per claim so, in the future, they will give less than 1 satoshi per claim at freebitco.in if needeed.
It kind of sucks as it is now.... with faucets paying 15 or 20 sats, and a 25000 or 30000 or 50000 minimum withdrawal, it’s going to take like a year to a get a payout. It is no longer worth it, IMO.
As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
Probably they will lessen the satoshi claim, since they are just sharing a small share from their Advertisement profit so i think that will not be a problem, a little tweak and a little change on the system would make things go smooth on these faucets and i don't think faucets will be that famous now not the same as how faucets famous back then.If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
This is what will happen to every faucet site if the price of bitcoin reach $50k but if you notice after the price of bitcoin hit to $11k the time interval became longer and the price to claim satoshi will also decrease although this is a good idea and favor for faucet owner but for claimer this is bad because you need to claim hard to earn a small reward while the owner earn a huge amount for every visitor who click the ads.
maybe they will collect many points of claims then once they reach a minimum points then they can now convert it into 1 satoshi, maybe this is the good way to continue their faucet sites if bitcoin reach $50,000.
I think the solution, the faucet should add longer pause time to the miners. and at least it slows down the expenditure of the faucet. or limiting every miner.
As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
Probably they will lessen the satoshi claim, since they are just sharing a small share from their Advertisement profit so i think that will not be a problem, a little tweak and a little change on the system would make things go smooth on these faucets and i don't think faucets will be that famous now not the same as how faucets famous back then. If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
As the USD price of Bitcoin increases, the rewards that popular Bitcoin faucets payout decreases accordingly. Sites that would pay 50-70 satoshi per claim last year are now paying between 15-20 satoshi per claim.
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
If the price of Bitcoin continues to climb to $50,000 USD, the value of 1 satoshi would conceivably be higher then these faucets could afford to pay out (per climb) compared to the ad income they generate.
Any thoughts on how will these faucets deal with payouts when 1 satoshi is worth too much?
They just give depending on the value of bitcoin since the fast rise of bitcoin this year they need to adjust the free satoshi they give away. It's benn a long time since i visited a faucet site and made me curious while seeing your topic. One of the fauce that i visited they now gice mbtc a smaller way to divide bitcoin.
The obvious answer would be to make Bitcoin even more divisible. Satoshi is currently the smallest unit, yes, but should the need arise, it should be fairly easy for the network to add more decimal places. It's more of a question of: is it even necessary in the foreseeable future? 1 Satoshi isn't even worth 1 cent, and Bitcoin would need to grow 100x before it even reaches that milestone.
Also, should 1 Satoshi start to be worth too much, we're going to have much bigger problems, like mining fees. Faucets should be the least of your concerns tbh. Either way, there's a clean and simple solution.
Also, should 1 Satoshi start to be worth too much, we're going to have much bigger problems, like mining fees. Faucets should be the least of your concerns tbh. Either way, there's a clean and simple solution.
When 1 satoshi will be too high reward for faucets to pay, probably they will pay less than 1 satoshi. Rewards will be like 0.5 satoshi, 0.01 satoshi and etc. It's same like Dogecoin faucets paying less than 1 Dogecoin currently and people don't see nothing wrong in that.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.
Is it possible to have less than 1 satoshi? Faucets will be gone soon and only altcoins faucets will keep running. Faucets are expensive to manage and the rewards arent worth. Also the bitcoin fees dont help at all, because if bitcoin price rises, fees will follow the same. But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.
When 1 satoshi will be too high reward for faucets to pay, probably they will pay less than 1 satoshi. Rewards will be like 0.5 satoshi, 0.01 satoshi and etc. It's same like Dogecoin faucets paying less than 1 Dogecoin currently and people don't see nothing wrong in that.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.
But it's interesting how much we will need to claim to reach minimal payment which should be greater than dust amount.
Bitcoin faucets are not worth it anymore, not even worth it to the owners of the sites.
Just do your own math, around 20 satoshis per claim are they giving at the moment. If bitcoin goes upto $50,000, then it would be aprox x5 of the actual price.
20/5 = 4
They will be giving out around 4 to 6 satoshis per claim. But honestly, they would not be alive for a long time, and that is why most faucets are now giving out doges or ripples instead of bitcoin.
Just do your own math, around 20 satoshis per claim are they giving at the moment. If bitcoin goes upto $50,000, then it would be aprox x5 of the actual price.
20/5 = 4
They will be giving out around 4 to 6 satoshis per claim. But honestly, they would not be alive for a long time, and that is why most faucets are now giving out doges or ripples instead of bitcoin.
If Bitcoin price will reach to 50k$ I think all Bitcoin faucets will have to close cause nobody will earn Bitcoin by claiming faucet. Maybe they can change to try other altcoin faucet like Altcoin or Raiblock (I don't know which one is still available or not) then they can use the altcoin they got from altcoin faucet to convert to Bitcoin if they want. I think it's better way for people whom still want to earn from faucet cause at the moment when Bitcoin price about 11k$, to get enough 100k sts per day with faucet, it's very difficult and require a lot of time so when Bitcoin price will be 50k$ I think to get 100k sts with Bitcoin faucet only is impossible 
They would simply keep decreasing the payout. You would need to earn sub-satoshis on the site and they would not credit you until you reached a certain payout threshold such as they already do. The only difference would be you would need to visit enough times to earn the minimum payout, even if that were 1 satoshi. It would probably need to be higher than 1 as there would be a network transaction fee.
Of course if bitcoin ever got to be that valuable the developers could simply add more decimals to the code to take care of such situations. Right now we still have two decimals past the penny so we have some time yet. Bitcoin would need to reach $1 million dollars each for 1 satoshi to equal 1 cent.
Of course if bitcoin ever got to be that valuable the developers could simply add more decimals to the code to take care of such situations. Right now we still have two decimals past the penny so we have some time yet. Bitcoin would need to reach $1 million dollars each for 1 satoshi to equal 1 cent.
Jump to: