Topic: In 2015, faucets are bad for bitcoin - page 12. (Read 25980 times)

Nothing that moves currency from one place to another is bad in a serious sense.  Most faucets now generate money from their ads and other sources, so in the strict sense of the word, they still work and have evolved to a better place than the first faucets.

I don't think faucets really matter

You get so little from collecting satoshi's from faucets

It will take forever to earn that 1btc from faucets and plus even if you earned 1 btc from faucets, you worked hard for it by clicking all the ads and captcha it's not like you would be sitting behind your pc doing nothing

It is a nice way to get started, the amount one collects is to little to do anything substantial with their coins, so they have to look for ways to further fund their wallets to join in on the BTCitcoin economy. Invest, earn, whatever, but to spend the dime you have earned you need an extra dollar worth to buy you a coffee..

So faucets are not bad for bitocoin
It is a time killing/wasting thing to do, when you have time to kill, better click some faucets and earn a penny, than some virtual candy and earn nothing.
2015 has only a few weeks left, so how bad did it go with BTCitcoin the past year?

I don't agree. Most people get into bitcoin through buying it, or being offered it as a payment. But some people online come to bitcoin through faucets. I believe we are still attracting new Bitcoin users through faucets, and we will continue to.

Yup! google adsense may seem be in some faucets, but not all faucets have google adsense, because faucets has multiple advertisement and I think google will ban certain people who's ads are a maximum of 3, and I think many advertising company out there grab this faucet for there common good, and putting advertisement on sites google is the one who is paying the post ads and not the faucets, so technically faucets earn a lot because of the views they get.

They are bad as you barely earn anything and it takes forever to do them.

Altcoins is nice if you want to get some experience how all works or just for expirement.

But yeah doesnt matter anymore is almost 2016

This is not true. I mean, everyone starts off distrusting the currency. Then they find bitcoins profitable. They go to a faucet, then some time later they become and established bitcoiner. I don't see how faucets are bad for bitcoin, in fact, it's of the most beneficial nature.

In the end, it is all about business. Running and maintaining sites costs money too, so we only get small amount on faucets. But it is enough for a newbie to get it going. I remember when I was still very young in Bitcoin, I am satisfied if I earn 50000 satoshis in a day. Now, looking back, it is very small amount in relation to the amount of time you spend on it. My point is, faucets are for beginners. If they want to explore more, well and good. If not, that means bitcoin is not really for them.

o you realize how little BTC faucets give you? It takes weeks to have any amount to spend on something. I guess it's as wasteful as walking around all day dropping pennies on the ground because most people don't have the patience to accumulate enough bitcoin to do anything with so it ends up sitting in a wallet in < $1 balances.

The gambling component of faucets often allows the BTC to go back to the faucet user and then the facets ads are viewed at the same time (which is the real business faucets are in, advertising.)

Do faucet owners use google adsense? As far as i know google adsense only allows like 3 ads per page in your site and faucets generally have like 15 ads covering almost every space.

Nothing personal but did you saw somewhere there is google adsense?Im talking about their service,and sure they getting more and more incoem with the traffic from faucets,since some user can easy make 5 clicks on diferente faucets.Without the faucets google would have some competitor as some people advertising from others companies besides adsense.The fact is bitcoin maid people use faucets for the thinking of free bitcoins,people dont do math what they earn and how much they pay montly from energy.

I think google is not involve in faucets why would you say such things, just because you are using google browser to claim faucet that is why you come up with such idea? but there are applications in google play that involve faucets in such case,

and you are thinking the other way around faucets are the one that is profiting from advertisements that they flag into faucets just like in TV commercials the one who is gonna profit is the channel corporation that the commercial had been shown, product endorsers profit when consumers buy some product that are shown on TV commercials.

you are right, even though faucet is very boring, but without it, bitcoin will be get deficiency investor from newbie

I don't really think existence of faucets affect bitcoin in anyway. People who don't want to try out faucets are free to stay away. its mostly for the newbies anyways

Yes faucets are created to cure the boredom, but faucets itself giving us boredom. No one can expect to get rich by faucet earning of bitcoins.
Faucets are just to understand the bitcoin ecosystem not to make money.

very bored  for palying faucet. earn it's too small and need long time for get rich many bitcoin from faucet

you dont have too research very deep to see that faucets do not pay well. pennies at best. no one is going to get rich and only a fool thinks otherwise. what faucets ARE good for is proving how great btc is for MICROTRANSACTIONS!

there are PTC sites that pay cash money. they pay a fraction of a cent per every click to your account but you can not withdraw until you reach a minimum for payout. i've only looked casually once years ago but i seem to remember the minimum was something like 5 dollars. you would have to make tens of thousands of clicks to reach minimum. I am sure many suckers went in thinking they could squeeze a quick fiver out of these sites only to waste a few hundred hours to make less than a dollar before giving up and letting the site keep the money already earned. site just got many many free clicks. brilliant!

with btc faucets there are minimums too, but they are much lower. around 10 thousand satoshis IIRC. if a faucet pays 1000 sat per hour you can conceivable make payout threshold in a day or two of casual visits. not hard to do even if you only earn 4 cents worth of btc, it is still achievable to actually get paid those 4 cents.

the whole thing is a great illustration of the value of btc as a micro payment system. it also shows the potential of btc as a content reward based advertising system. if you like my post/article/comment... you can easily send me a few bits (AND DONT EVEN MENTION CHANGETIP! %^&^$#)
just throw your wallet address around and maybe someone will make it rain.

oh yeah.... 1EPWs2GwcAkt2zoLS4M6bz59h9Piy5fDwr

so, in a nutshell... faucets; educational YES, profitable NO

bad for bitcoin? thats like saying giving a begger a penny is bad for money. it doesnt reflect on btc at all, just further proves it has enough value that some people will chase the tiniest amount.

The one who is profit from faucets is companies of advertisements,and one of the top earning is just google,is selling maybe around 10 to 25% more with the faucets traffic ,and well they dont wanna to allow it to be used to buy their products,makes no sense they put ads to your faucet when they dont support the coin involved into faucets,but well the results should be good otherwise google wouldnt be into faucets.Besides admin of faucets get some income that is getting hard since there is thousands of faucets,and a small group of active collectors.

Hahaha your post made my day! "eye cancer"

Is that what he's trying to say? hehe I was thinking the other way around, owner of faucet make lots of money from users using their faucet, they are profiting by showing ads to users and they give just a small amount of satoshi that is why they profit a lot.