Topic: Is BitCoin faucets really worth the time? - page 5. (Read 17457 times)

Quote from: Zebra on July 01, 2014, 12:10:57 PM

The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.

AFAIK, the number is generated with Sha512 and is provably fair.
And the chance does exist, though it is very very small at 0.005%. Cheesy

The number may be provably fair but the chances of winning the jackpot are still very slim and essentially zero

We can say its more then under zero because no one have this from the start of this faucet

DannyElfman

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Quote from: Sacrilegious on June 01, 2014, 10:32:23 AM

The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.

AFAIK, the number is generated with Sha512 and is provably fair.
And the chance does exist, though it is very very small at 0.005%. Cheesy

The number may be provably fair but the chances of winning the jackpot are still very slim and essentially zero

C.Steven

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Hello,
I'm new to BitCoins and I wanted to know if faucet pages are really worth the time?

Welcome to bitcointalk.
Nope IMHO, the faucets don't worth your time. You can only get a few cents an hour on faucets, but you can get much more with real life jobs and bitcoin jobs (https://bitcointalk.org/index.php?board=52.0).

bitcoinget

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Faucets a waste of time, but there are other much better ways to earn bitcoins without any initial investment. There are users at BitcoinGet consistently earning 0.01 BTC a day doing tasks in their spare time.

boymilk

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Quote from: Mayuyu48 on July 01, 2014, 11:43:32 AM

Quote from: Zebra on July 01, 2014, 12:10:57 PM

hmmm so that probability to get "10000" should be just 0.005%. Tongue

not 0.01 %?

I think a random number (including decimals) is generated which is then rounded. So you can roll any number between 0.00 and 10,000.00. In order to roll a 10,000, you will need to roll between 9,999.5 and 10,000 - hence there is only a 0.005 percent chance of this happening. However, in order to roll a 9,999 (or any other number other than 0 or 10,000), you will need to roll between 9,998.5 and 9,999.49 - which would have a 0.01 percent chance of happening.

karlb187

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Need To Contact Me? Go To My Site!

the best faucet I could find was LandofBitcoin because they have over 100 faucets in one site so its easy to visit them all really fast and it has a referral program that is very nice.

check it out here please: https://www.landofbitcoin.com/?r=NBrmRISvVMaYLBGP Grin

or no ref: https://www.landofbitcoin.com Cry

Zyborg

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The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.

AFAIK, the number is generated with Sha512 and is provably fair.
And the chance does exist, though it is very very small at 0.005%. Cheesy

Sorry, I meant if there was any chance that wasn't microscopic that someone would win, it wouldn't be there. I'm absolutely sure that there IS a chance to win, however it's just so ridiculously low that the owner never has to worry about it.

Zebra

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Quote from: Bitsaurus on June 30, 2014, 04:35:16 PM

The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.

AFAIK, the number is generated with Sha512 and is provably fair.
And the chance does exist, though it is very very small at 0.005%. Cheesy

Zyborg

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Activity: 476

Merit: 256

Quote from: Zebra on July 01, 2014, 11:45:20 AM

the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

Wouldn't that be like hoping a $1000 falls into your lap? It must be insanely unlikely a faucet would ever pay out more than $5.

The jackpot is just there as an incentive. If there was any chance that people would win it it would cost the owner too much to be profitable.

Mayuyu48

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Quote from: Mayuyu48 on July 01, 2014, 11:43:32 AM

Quote from: Mayuyu48 on July 01, 2014, 11:43:32 AM

hmmm so that probability to get "10000" should be just 0.005%. Tongue

not 0.01 %?

Check https://bitcointalksearch.org/topic/m.7595577.
The owner (wetsuit) confirmed that the chance is 1/20000.

oh sorry, i didn't read it before
thanks for pointing out. and 0.005% make it harder to get Sad

but 6 people win luckybit biggest prize (with 0.00304% chance), lesser than freebitco chance Grin

hope we see luckybit jackpot claim by lucky guy

Zebra

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Quote from: DannyElfman on June 30, 2014, 11:41:36 PM

hmmm so that probability to get "10000" should be just 0.005%. Tongue

not 0.01 %?

Check https://bitcointalksearch.org/topic/m.7595577.
The owner (wetsuit) confirmed that the chance is 1/20000.

Mayuyu48

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Activity: 644

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the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

yeah if they win the jackpot
hard to get jackpot, especially if probability to win it only around <1% Sad

like to hit 10000 in freebitco, no one win it until now Tongue

winning the jackpot on freebitco is much less likely then 1%, it is closer to 1 in 10,000

so it means 0.01% Sad

only very very lucky guy can make it
and his referrals earn $100 too (since it's 50% referrals bonus)

Quote from: InwardContour on June 30, 2014, 10:10:15 PM

hmmm so that probability to get "10000" should be just 0.005%. Tongue

not 0.01 %?

Zebra

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on average a faucet will payout something less each time you visit then what the advertisers are paying them for having their ads on their site.

Exactly. The faucet sites don't give you money from their own pockets, but from ad revenue.

Zebra

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Quote from: DannyElfman on June 30, 2014, 11:41:36 PM

Quote from: wetsuit on June 30, 2014, 04:50:57 AM

the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

yeah if they win the jackpot
hard to get jackpot, especially if probability to win it only around <1% Sad

like to hit 10000 in freebitco, no one win it until now Tongue

winning the jackpot on freebitco is much less likely then 1%, it is closer to 1 in 10,000

The chance is indeed just 0.005% (1 in 20000). Cheesy

Quote from: Crossbow376 on June 30, 2014, 04:35:55 AM

Quote from: wetsuit on June 29, 2014, 01:52:54 AM

I am sorry, it should be "rounded off" and not "rounded up". I shall correct this on the website. So any number below 0.5 will be rounded down to 0.

hmmm so that probability to get "10000" should be just 0.005%. Tongue

Yes, because that is what is feasible to pay out. You gotta remember though that there is no other faucet or free bitcoin websites (that I know of) which gives you the chance to even win that much and that too using a provably fair system.

faiza1990

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★☆★777Coin★☆★

Quote from: DannyElfman on June 30, 2014, 11:41:36 PM

the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

yeah if they win the jackpot
hard to get jackpot, especially if probability to win it only around <1% Sad

like to hit 10000 in freebitco, no one win it until now Tongue

winning the jackpot on freebitco is much less likely then 1%, it is closer to 1 in 10,000

This faucet is running for long time and no one have this jackpot some peoples enjoying just because of referrals

2double0

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Trust me it happens, as it did to my friend, but NOT often. Once in a blue moon in a blue moon, which is hardly ever

DannyElfman

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the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

yeah if they win the jackpot
hard to get jackpot, especially if probability to win it only around <1% Sad

like to hit 10000 in freebitco, no one win it until now Tongue

winning the jackpot on freebitco is much less likely then 1%, it is closer to 1 in 10,000

Mayuyu48

hero member

Activity: 644

Merit: 500

Quote from: Bitsaurus on June 30, 2014, 04:35:16 PM

the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

yeah if they win the jackpot
hard to get jackpot, especially if probability to win it only around <1% Sad

like to hit 10000 in freebitco, no one win it until now Tongue

InwardContour

sr. member

Activity: 644

Merit: 260

the faucets are only worth if you got like 50 - 200 active refs or more

when you click on your own they arent worth anything

You shouldn't work on the faucet, but you need to tell everybody the faucet is great and ask them to register using your ref link.
How ironic is that lol Cheesy

hahaha yeah

))

but for some people the faucet is worth if they hit a big jackpot of around 0.3 or 0.03 btc:)

Wouldn't that be like hoping a $1000 falls into your lap? It must be insanely unlikely a faucet would ever pay out more than $5.

on average a faucet will payout something less each time you visit then what the advertisers are paying them for having their ads on their site. The impressions that faucets are generating so generally low quality so the ads will likely pay faucet owners little

Bitsaurus

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