Most of the faucets are having an upper limit for payments. Users must accumulate that many Bitcoins (say BTC0.0005 or BTC0.001), to qualify for the withdrawal. Still... the transaction fee can be heavy.
Weekly batch payments can help to solve the problem. User must accumlate 0.001 and cashout will only be done once per week. This way, the operator can pay 0.1 for 100 people and only use a transaction fee of 0.0001 
Topic: Is it smart to make a Bitcoin Faucet - page 4. (Read 6938 times)
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet 
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet 
Most of the faucets are having an upper limit for payments. Users must accumulate that many Bitcoins (say BTC0.0005 or BTC0.001), to qualify for the withdrawal. Still... the transaction fee can be heavy.
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
Yeah, people copied it quite quickly. I knew who did it after me, but forgot. Has been a while since I had my faucet
Well, the faucet wasnt on bitcoininformation.info, ive never visited this site. maybe someone else would have coppied your idea.
making a faucet is just waste of time
Its not if your learning as you go, it can help to gain insight into doing alot of auto BTC stuff, but in terms of making worth while BTC yeah abit of a waste of time.
making a faucet is just waste of time
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course. LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course. LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
My faucet had a peerbet payout option and people loved it. Most payments were done to peerbet accounts. So that is something that a faucet owner should implement. I was the first one to do so. Still have the code laying around if someone is interested in it. For a small donation of course.
LOL. I dont think hackers would be interested in hacking the faucets, there are other big things for them to hack, and it completely your wish that if you want to open a bitcoin faucet or not. By opening one you'll just contribute to the spread of bitcoin, but i guess your faucet should payout instantly, and as the current faucets just pay out dust so your faucet should have a higher payouts than the others.
Yeah, it sucks that it came to that. At the end of last year there were a couple faucets I know of that were pulling in 5btc+ in profit per week. One was earning 1.5-2 BTC a day off theirs.
Yeah it was also going to happen really, so many faucets out there, there was bound to be alot of natural selection until we were down to a few bigger players. It maybe worth it again soon if BTC takes another upwards drive.
I would think with enough visitors you can make some money off a faucet, if you sell advertising. You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable. Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.
The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
If people were able to (or willing to) pay a decent amount, they could gain market share easily. When most faucets are paying out like half a uBTC per claim, that is nothing. If they were giving more money, they would be prioritized. I, for example, would gladly prioritize sites on my rotator if they were willing to pay more.
he problem was there was not enough traffic - for every 1000 visitors you get about ~ 0.0025 btc trough the ad service im using. Unfortunately, traffic was about 10-20 a day. Im not quite sure why so few people were interested in btc for jokes 
It's not the jokes people are unmotivated by, it's the tiny amount of wealth faucets pay out. Ohh, 50 cents worth of bitcoin, oh myyy, I should take the time to sign up for some shitty open-mic-night dad-jokes site! No.And nobody gives a shit about gambling, this is not 1930.
more the better IMO
I would think with enough visitors you can make some money off a faucet, if you sell advertising. You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable. Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.
The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
If people were able to (or willing to) pay a decent amount, they could gain market share easily. When most faucets are paying out like half a uBTC per claim, that is nothing. If they were giving more money, they would be prioritized. I, for example, would gladly prioritize sites on my rotator if they were willing to pay more.
I would think with enough visitors you can make some money off a faucet, if you sell advertising. You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable. Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.
The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
I would think with enough visitors you can make some money off a faucet, if you sell advertising. You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable. Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.
The problem is the market is oversaturated. You'd need to approach advertisers directly to land any deals at this point. Otherwise you're not going to make much, if anything.
I would think with enough visitors you can make some money off a faucet, if you sell advertising. You will need a lot of visitors and you'll have to give away only enough to make sure you're profitable. Another idea some faucets do is to have it like a lottery, where you could get from 1 satoshi up to 1 BTC or something like that.
Jump to: