Topic: Introducing my Website: ##Earn upto 7150 Satoshis per hour## - page 6. (Read 5431 times)

no investments = faucet i guess
try moving the topic to a different thread

Steve, you've been quite fair with your comments and I respect that

I will reduce the payout fee down to a total of 20000 (I haven't updated the site yet, but I will do.

I wouldn't say its a trick to make people deposit or invest though. The only way I can prove the legitimacy of the site is to do what I'm claiming and payout. Which people will start to see very soon as people start to increase there balance.

If any readers are unsure then please just play the free game until you feel comfortable investing and if your not, then don't invest.

And as Steve says... Be careful with any bitcoin website

Ya, I more or less estimated it in mind rather than taking a calculator, so I expected a bit of mathematical error, but not a big difference though.
It's cool and good, u reduce the killing withdrawal fee, but once again it ONLY works for the hardcore to claim it x3 DAILY for 42 days.
Just to get 1923 per day for free user.
For those that claim only once or twice a day, they need even way longer to withdraw.
I think you probably knew for people who are using faucet, they get their payment weekly (without fee) or even within days through faucetbox.

So, once again, the only method to withdraw faster on your site is to  'invest' to hit the minimum 0.001 withdrawal.
I advise those are going to INVEST be very careful with it, this is very common trick to make people invest with HIGH withdrawal fee.

 

Hi Steve, I was just looking over your post again and saw a glaring mistake in your math... you have deducted 50k satoshi per a day as withdrawal fee from the daily amount. You would only pay this when you withdraw.

100 x 24hours = 2400
2400  x 42 days = 100800

100800 - 50000 (which I will lower) = 50000

50000 x 42 days = 1209 satoshi a per day not 1190

If I reduce the fee to 20000 instead of 50000. the amount will be 1923 per day. And all for a few clicks on a website.

 I'm in this for the long run

Hi Steve, thats all good advice and I would also give the same warnings if I was you.

The site is still in Beta at the moment. The Fees have been pointed out to me already and I'm willing to look into it and probably reduce these in the near future.

its certainly similar to ore mine and bitfactory they both had a good following, just a shame they went to scam and I lost money to in those. The ads havent been activated yet as the site lacks a lot of Unique content that the big G loves and pays out well for. So Im trying to write some tips how to earn bitcoin for free and ways to accept bitcoin.
This is taking a while to do.

People are playing the free mine at the moment and 1 person has even invested at this early stage. So just in the short term and to keep things going I will payout of my own pocket (which will only be a few 100,000 satoshis) at this very early beta stage. If it starts to get to high I will stop accepting new members for a while.

Your calculation are pretty close, and I never said Ill double your bitcoins in 7 days. This hopefully will be a long term term thing by reducing the deposit limit to .1btc I will be able to gain more revenue than I payout.

Im trying to be as honest here as possible and all you points about being careful I fully agree with.

If you can think of any other ways I can improve the trustworthiness of the site I happy to listen

Suggest those registered to be careful with this site.
If you invested, good luck, if free user, please don't waste time on this garbage site.
There are better sites for faucet earning.

First, misleading tittle/site. Earn up to 7150 per hour.
Secondly, faucet or micro earning in disguise
There is a minimum withdrawl limit of 100000 Satoshis (or 0.001 Bitcoins)
We charge a small fee for a withdrawl.

10,000 Satoshis/0.0001 btc TX fee".

40,000 Satoshis/0.0004 btc our fee"

Oh, cool. This highly hinted and FORCES user to 'upgrade' or 'invest', oh so similar to bitfactory or ore mine.
You need at least 42 days to withdraw, assuming u claim x3 everyday (every 8 hrs)... for 50k satoshi. (Deducted 50k satoshi)
That's only 1190 a day at most.

Lastly, no ads or whatever on the site, it earns nothing, which highly hinted he is planning to eat your $.
Oh, he is going to sht he is adding ads later, ya other scam sites have ads too, they just eat the ads $ + yours.

I know, I know, Its not the prettiest site on the internet, but Im working hard on the look, but at the moment all the work is in the back end

keep checking back to see improvments

What would your opinion be of a 2 tier referral scheme

1st tier (people who you refer)
2nd tier (people who your referals refer)

1st tier would earn you 5%
2nd tier would earn you 2%

Hi JT Byte, a couple of days late, but at last the site has turned into a investment site (as well as a micro-earnings), as the Payment system is up and running at last.

Im trying hard to improve the look of the site as Im aware its not the prettiest, but I dont have a artistic flare unfortunately. But I'll keep on trying.

Can't try it at work, I'll give it a try when I get back home.

damn the website is shitty
if this is some kind of a faucet please this is not the right section

So does this belong here (which causes the owner to get red trust marks just for showing up in investor's based) or does it need to go to the micro-earnings sections since it sounds more like a faucet. I didn't go to the website since it isn't my cup of tea actually. If it does belong there maybe move it so it gets maximum exposure instead of just gawkers like me  

Leave the withdrawl fees with me Poptok, Ill have a think about what I can do!

I'm hopefully going to do something about the ugly logo this week so I will add some kind of "BETA" notice in the logo.

I need to spend a bit of time on the aesthetics side of the web site, but I'm working on fully integrating a wallet for deposits at the moment

Im starting to agree with you about the refferals scheme. I havent looked into it as yet, buy, I suspect there will be quite a lot of code to write.

The Wallet backend is taking up quite a lot of my time at the moment, but I have it working in BTC Testnet at the moment.

For low-to-medium-paying faucets, 50% is a great lifetime bonus for referrals. Since yours is considered a (potential) high-paying faucet, 15-25% would be a decent referral bonus. Personally, I would start at 15% while I monitor my earnings-vs-payouts, and if you are profitable, make an announcement that commissions will be raised. It's always best to start lower and then increase rewards, rather than starting high and then lowering it.

Referrals are the biggest and best source of traffic, and you have to look at it as an advertising cost. Most advertisers charge a decent amount for you to be able to target and acquire new members for your site, so it makes more sense to incentivize your existing members to promote the site for you. In most instances, faucets pay a higher referral commission because it is usually cheaper to do so, rather than pay high advertising costs.

You'll notice that if you implement a referral system, that your users registrations will jump!

Good luck implementing a referral program, and I can't wait to see what you come up with!

"The more you withdraw the more you pay" Seems like a good idea.
Yes it is very important to have low fees. As low as possible, the faucet world standard is 10K satoshi, no matter how big the withdraw is.
People may get scared/discouraged when all days work goes to fee. Try to improve.
As btcforJoe said Beta/test title is a good option.

Thanks for the list above, very useful....

I know what your saying about monetising via Google, the'res not enough content on the site as it is. But like a lot of thins "it's on the list".

What type of incentives do you look for in a faucet referral scheme ?

Most sites' withdrawal fees are only 0.0001, the same fee as what Blockchain recommends for mining fees. That's only 10,000 satoshi. 0.0005 is honestly unheard of for faucet claims. Have you looked at integrating a FaucetBox payout system? That way, players don't pay a fee, and their earnings go directly to their FaucetBox queue.

You had mentioned that something would be better for users who just play the free faucet... Are you planning on allowing deposits/upgrades in the future?

Additionally, you're kind of misleading users, at the moment. You shouldn't title your thread "Earn upto 7150 Satoshis per hour" because currently, you can't earn that much. I advise you to let people know that your site is a work in progress... Or tag your title with "[BETA]" or "[BETA LAUNCH]", just so users know to expect changes.

Why don't you hire someone to fix the User Interface? Your site is currently... yeah, ugly man.

The individual maps of the continents are on my list to do, but the red maps are not doing enough it for some people so it might change in the very near future.

Fixed rate for the free mine. As joe mentioned btcjoe mentioned above its not very Adsense friendly at the moment so I need to get some content in there as well before I place the ads.

Ummm the withdrawal fee, I didn't realise it would be such a problem at that price. Maybe I can work it in the sliding scale.... The more you withdraw the more you pay. That would be better for users who just play the free faucet I suppose...... What's your opinion?

irynet, just a protip from a faucet user/referrer: I will never promote this site for you if you don't have a referral system. I thrive off of my referrals, and if I find a site I like, I share it with my followers. The only times that I share sites without a referral bonus structure is if the site is a well-designed one where users can earn a great amount without having to rely on referrals for commissions. With that said, your site needs a bit of work yet. The design is very dated.. The userflow is great! Self-explanatory, and I did not have to refer to an FAQ once!

You're going to need to monetize on this if you're going to want to earn. Unfortunately, you don't qualify for Google AdSense (the highest paying advertising platform), so you'll have to stick with some other advertising networks. Check out this following thread to see a list of Bitcoin Advertising Networks: https://bitcointalksearch.org/topic/list-bitcoin-advertising-networks-1108616