In 2015, faucets are bad for bitcoin - page 6.

EXtremeAEX

hero member

Activity: 798

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Yeah true, I got to know about bitcoin from friends, buying and selling altcoins for profit then, but soon I learnt about faucets giving out free satoshis, back then when microwallet faucets were really good, so I tried it and got 0.01 at the end of the week.

That was enough to get me started, learning about bitcoin investments, and how some 'bitcoin growing methods' are scam the hard way, but nonetheless, I knew more about bitcoin through these. Faucets are useful for beginners, but I agree that there are way too many out there. Good faucets should stay to guide newbies, so it can still help bitcoin.

n691309

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Faucets are not bad for bitcoin because faucets are the indicator that most of the people have learned about bitcoin.

knowhow

hero member

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I would do faucets for some hours daily within a month ,faucetbox,faucets,and i would reinvest any pennie into lending and im sure end month i would be with something like 0,10bts atleast ,could be 1 hour up to three,but well it would make me get tired.

caliboy37

member

Activity: 88

Merit: 10

Faucets are not bad. It give users a variaty of farming BTC

bitcoin revo

legendary

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A lot of the people who defend faucets here are saying that it gives people bitcoins to possibly play around with. But how are you supposed to "play around" with a couple microbits? Plus, define "playing around". You can't do much with the microbits that you couldn't do without them; just study bitcoin and ask people for potential questions.

ranochigo

legendary

Activity: 2982

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Quote from: USB-S on November 29, 2015, 04:14:37 AM

Quote from: crazyivan on November 29, 2015, 04:12:05 AM

Quote from: countryfree on March 07, 2015, 01:51:11 PM

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Who made any money from faucets? Those re good only for new entrants to test how the system works and I consider them more as a promotional tool, marketing.

You can't really play with them much as well since they reward you with only so many bitcoins to cover the fees of a single transaction.

Some faucet uses Xapo API to directly send the Bitcoins to the Xapo account. This isn't the perfect solution as it sacrifices the privacy of the user. Xapo does cover the TX fee for the user but I'm not too sure about smaller amounts, I know coinbase requires users to pay fee for very small transactions. It does give the user an experience of using Bitcoin as the user sends the Bitcoin from Xapo.

USB-S

sr. member

Activity: 574

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In XEM we trust

Quote from: crazyivan on November 29, 2015, 04:12:05 AM

Quote from: countryfree on March 07, 2015, 01:51:11 PM

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Who made any money from faucets? Those re good only for new entrants to test how the system works and I consider them more as a promotional tool, marketing.

You can't really play with them much as well since they reward you with only so many bitcoins to cover the fees of a single transaction.

crazyivan

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Quote from: countryfree on March 07, 2015, 01:51:11 PM

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Who made any money from faucets? Those re good only for new entrants to test how the system works and I consider them more as a promotional tool, marketing.

ashly

newbie

Activity: 56

Merit: 0

Quote from: gadman2 on March 07, 2015, 02:20:05 PM

Faucets give people bitcoin to experiment with.

Faucet also gives money if you play faucet you will rewarded

BitSler

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Activity: 84

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I think too

cluit

legendary

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Quote from: Whosdaddy on November 28, 2015, 11:30:17 AM

Quote from: ThunderThomas on November 28, 2015, 11:23:48 AM

I don't believe faucets are bad for bitcoin, the people who are hosting those faucet sites get money out of the advertisement as well. I see it as a win win situation. Both parties get something out of it and it's fun to collect some free satoshi every now and then. I stopped doing them daily because I don't believe it's worth it to spend all my time collecting when I could be doing something else worthy of my time. I would recommend faucets to people who are just beginning with bitcoin.

But the real problem with faucets is people are collecting many small amounts of satoshi into some considerable mBTC, then they are selling it in exchange on regular basis. Already all the exchanges are facing selling pressure from miners, with them these faucet collectors joining to make bitcoin prices to go down.

There are very less chances for the possibility like you have mentioned. Because up to my experience, faucets do not pay enough satoshi to trade in an exchange. May be possible after a year long working with faucets.

voztata

hero member

Activity: 998

Merit: 504

Quote from: Whosdaddy on November 28, 2015, 11:30:17 AM

Quote from: ThunderThomas on November 28, 2015, 11:23:48 AM

I don't believe faucets are bad for bitcoin, the people who are hosting those faucet sites get money out of the advertisement as well. I see it as a win win situation. Both parties get something out of it and it's fun to collect some free satoshi every now and then. I stopped doing them daily because I don't believe it's worth it to spend all my time collecting when I could be doing something else worthy of my time. I would recommend faucets to people who are just beginning with bitcoin.

But the real problem with faucets is people are collecting many small amounts of satoshi into some considerable mBTC, then they are selling it in exchange on regular basis. Already all the exchanges are facing selling pressure from miners, with them these faucet collectors joining to make bitcoin prices to go down.

I'm not able to make a single mBTC for a week hard work along with faucets. I wonder how it's possible for some one else to get decent amount of satoshi from faucets itself. I want to know what faucets people are using.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: ThunderThomas on November 28, 2015, 11:23:48 AM

I don't believe faucets are bad for bitcoin, the people who are hosting those faucet sites get money out of the advertisement as well. I see it as a win win situation. Both parties get something out of it and it's fun to collect some free satoshi every now and then. I stopped doing them daily because I don't believe it's worth it to spend all my time collecting when I could be doing something else worthy of my time. I would recommend faucets to people who are just beginning with bitcoin.

But the real problem with faucets is people are collecting many small amounts of satoshi into some considerable mBTC, then they are selling it in exchange on regular basis. Already all the exchanges are facing selling pressure from miners, with them these faucet collectors joining to make bitcoin prices to go down.

ThunderThomas

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fastdice.com The Worlds Fastest Bitcoin Dice

I don't believe faucets are bad for bitcoin, the people who are hosting those faucet sites get money out of the advertisement as well. I see it as a win win situation. Both parties get something out of it and it's fun to collect some free satoshi every now and then. I stopped doing them daily because I don't believe it's worth it to spend all my time collecting when I could be doing something else worthy of my time. I would recommend faucets to people who are just beginning with bitcoin.

ivan19

newbie

Activity: 56

Merit: 0

No it is not,it gives people some sort of earnings dealing with bitcoin and the faucet owners can earn moeny from the ads displayed. It is a win win

Lucius

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Quote from: bitbollo on November 26, 2015, 10:53:14 AM

Quote from: Wapinter on November 26, 2015, 09:50:17 AM

Quote from: bitbollo on November 26, 2015, 09:45:12 AM

Quote from: Wapinter on November 26, 2015, 09:33:28 AM

Although filling captchas for a long time can be very boring and tedious job but it can give you some decent amount of btc to start off.When I was a newbie here iused to earn more Bitcoin from faucets than my signature campaign here

With the worst signature payout you can earn 10k sat for message so far.
With a good faucet (moonbit) you need at least 4 claim in 24 hours to get this amount.
Are you sure about this ? I think that signature are much much better than faucet!

If you use rotator and visit various faucets,you can earn lots of Satoshi.I used to earn 25k Satoshi in two hours from faucets while I needed more time to post here thread related post

it really bored use to fill captcha to get small amounts of btc.
25k sat in 2 hours :O it's a really small amount,
with signature you can make 5 easy post in one hour (there are some signature that pay j.member also for off topic / local post!)
when you become a more "old" user you can earn much much more from a signature campaign... 55k for every post... 4 hours of faucet work!
Some works are payed more than 50 $ per hours ... I think that my time worth more than a couple of satoshi Wink

Also with betting... @ 1.05 ... place 0,01 btc you get easily 40k satoshi...

As promised I tested how long it took to earn 25k Satoshi,and it take 6+ minutes for 18223 satoshi.This is just an example, depends on many factors,but does not require hours.

knowhow

hero member

Activity: 560

Merit: 500

I would love to play faucets in the begining to get the 1 btc claiming ,would be amazing nowadays does anyone knows in the begining if faucets were giving how much reward and the value on that time.Im not playing faucets anymore usually i play games and they in the most works like faucets soo i keep supporting the faucet system even not doing several captchas ,and there are people making 0,04btc daily from referals soo being for free its amazing.

AndySt

legendary

Activity: 2142

Merit: 1012

Let daily profit from them now is not so great you can even say very little. But I think they allow you to get an idea and the skills to use for beginners.

Lucius

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Quote from: Wapinter on November 26, 2015, 02:54:27 PM

Quote from: Lucius on November 26, 2015, 11:21:39 AM

25k satoshi in 2 hours is completely untrue,for that amount you need less than 10 minutes claiming faucets in rotator and that the rewards is 1000+ satoshi.Tomorrow when I'm going through the list of faucets I will measure the time it takes to make 25k Satoshi.
I agree that the signature campaign is a good source of income,but can be combined all, signature+faucets or sport betting

Do you know in earlier days some faucets used to give 1 bitcoin per claim? The amount of reward in faucets depends on the rate of bitcoin at that time.If bitcoin rate to dollar is low, you get more reward,it is the other way around when bitcoin rate is high.When I first learnt about bitcoin,1 btc was less than 200 $ so most faucets gave 1000 sat per claim

I know that when Bitcoin was practically worthless faucet are paid very big prizes,maybe in the future faucets will pay only 10 satoshi if price of BTC go very high.

machinek20

hero member

Activity: 840

Merit: 501

some faucet still good Grin

Topic: In 2015, faucets are bad for bitcoin - page 6. (Read 25921 times)