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Topic: Is it worth using faucets to pay for transaction fees? - page 2. (Read 1335 times)

sr. member
Activity: 462
Merit: 250
I'm a senior member but since this is a question about faucets, I'll be posting it here.

OK, so I know everyone says that faucets aren't worth the time and energy and I'm pretty sure everyone is in agreement that unless Bitcoin suddenly shoots up to $1 million, you won't get rich from them. But couldn't they be useful for paying transaction fees? My Electrum wallet enforces a minimum fee of 10,000 satoshis. This amount could be earned in a single day from faucets or a couple of days from a single high-paying faucet. This would allow someone to send Bitcoin transactions essentially for free while still making sure that their transactions arrive on time.

It would also be helpful if you need to pay an exact amount. Say you want to buy something which costs 0.4 BTC. To do this, you need to send 0.4 BTC to address X. You have 0.2 BTC in address A and 0.1 BTC in two other addresses (B and C). With transaction fees subtracted from the total amount, you would not be able to buy the product you wanted. But if these transaction fees were paid using the earnings gained from a faucet, you wouldn't lose any BTC in the form of fees.
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