Topic: Is it bad to withdraw the minimum amount of ~5,500 satoshis? - page 2. (Read 2027 times)
I know faucet where you can earn about 0,5 $/h and it is best i know.
Don't use faucets. They are waste of time.
No its not..
lol. Tell us all how much money you made from faucets then and in how long?
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Sig campaigns are definitely easier than faucets. You'll get a lot more for your time, as long as you have the intelligence and language skills to successfully do the sig campaign. I suppose even a monkey could do the faucet if they could get past the captcha 
Don't use faucets. They are waste of time.
No its not..
Faucets are only good for beginners plus you waste too much time and earn dust, affiliates are better.
Sig campaigns are far better payers even if you are not a prolific spammy poster
Faucets are a time suck and generally add little to your bottomline
Faucets are a time suck and generally add little to your bottomline
Don't use faucets. They are waste of time.
No its not..
care to share why faucets are better than a signature campaign in your opinion?
Usually the smallest transaction you can send or receive is about 5,500 satoshis. With faucets like freebitco.in, the minimum withdrawal amount is roughly this amount. Same goes for most other faucets as well as ones which use coinbox.me and microwallet.org. However I believe you can continue increasing your faucet balance past this if the auto-withdraw option is turned off. I've heard that acculmulating very small transactions in your wallet is a bad idea because they would cost more in fees to send, essentially rendering them worthless. So is it bad to withdraw the minimum amount when using faucets? Would it be a better idea to withdraw once you reach 20k+ satoshis instead?
Avoid faucets at all costs. Rather get up your activity and join a signature campaign. Check my signature - I am in the signature campaign of primedice.
Don't use faucets. They are waste of time.
No its not..
It is not necessarily bad to have a wallet full of dust transactions. If your wallet employs coin control and you have enough non-dust transactions to offset your dust transactions, then you can avoid having to pay large transaction fees (if you care about paying the minimum fee) by only sending out carefully planned transactions. However, in general, having lots of dust transactions in your wallet is indeed a significant issue, especially if you engage in a lot of microtransactions. Imagine buying something costing 0.01 BTC. Your wallet holds a total of 0.01 BTC but only in denominations of 0.0005 BTC. That means that all 20 denominations (inputs) would have to be listed as part of the current transaction, which also means that it would take up significantly more space in the blockchain than the regular transaction. I don't know how tolerant the system and the miners are regarding such transactions, but I really don't expect something like that to get accepted into the blockchain within the first day without an accompanying transaction fee. And yes, the transaction fee would be considerable relative to that total amount. Now, obviously, different scenarios would play out differently, but the general principle is the same.
Usually the smallest transaction you can send or receive is about 5,500 satoshis. With faucets like freebitco.in, the minimum withdrawal amount is roughly this amount. Same goes for most other faucets as well as ones which use coinbox.me and microwallet.org. However I believe you can continue increasing your faucet balance past this if the auto-withdraw option is turned off. I've heard that acculmulating very small transactions in your wallet is a bad idea because they would cost more in fees to send, essentially rendering them worthless. So is it bad to withdraw the minimum amount when using faucets? Would it be a better idea to withdraw once you reach 20k+ satoshis instead?
Transaction fee may be higher than 5500 satoshi, depending on the site and which wallet you use. It depends on that.
For example, if the fee is 4000 satoshi, it is better to wait;
Don't use faucets. They are waste of time.
No its not..
Don't use faucets. They are waste of time.
Usually the smallest transaction you can send or receive is about 5,500 satoshis. With faucets like freebitco.in, the minimum withdrawal amount is roughly this amount. Same goes for most other faucets as well as ones which use coinbox.me and microwallet.org. However I believe you can continue increasing your faucet balance past this if the auto-withdraw option is turned off. I've heard that acculmulating very small transactions in your wallet is a bad idea because they would cost more in fees to send, essentially rendering them worthless. So is it bad to withdraw the minimum amount when using faucets? Would it be a better idea to withdraw once you reach 20k+ satoshis instead?
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