Why are popular bitcoin faucet supplying us with a low amount of btc?

mrcash02

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Quote from: felicita on June 14, 2017, 10:40:38 AM

looool they allways give same ammmount of $ .
as they allways gave max., 200$ they today also give 200$ as best change !

only becourse btc prize is very high , nowadays 90 Satoshi eqals 1 cent 6 months ago 1000 satoshi was 1 cent

regards

Yes, FreeBitco.in always offered rewards from $0.002 to $200 in BTCs every hour and all the other faucets work same way, not offering the same rewards that FreeBitco.in, but giving rewards following Dollar pattern price. Everyone on the internet being paid in BTCs, is closing the deals first comparing the Dollar price.

felicita

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looool they allways give same ammmount of $ .
as they allways gave max., 200$ they today also give 200$ as best change !

only becourse btc prize is very high , nowadays 90 Satoshi eqals 1 cent 6 months ago 1000 satoshi was 1 cent

regards

Crystal11

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Many faucets are using a country filter, beware of those. Better try faucet games (management) these are paying equal amount to everyone and are not discriminating people by IP/country.
I avoid moonbitcoin,freebitcoin and many other simple faucets which are not game management/generator.

tungaqhd

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The reward depend on bitcoin price, and it's increasing. They never give you 100% profit from ads, and the income from ads is low nowaday, Google Adsence has banned all bitcoin faucet, other ads network have low rate.

leexhin

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

They are giving us smaller amount each time because they depend on the price of the bitcoin,
As the price increase they would adjust the bitcoin that they could give so they are only depending the amount of the btc that they would give on the current price.
After all if they wouldn't do it they would be giving us a huge amount of btc right now I started claiming in that site when they would give about 25-20k sats per hour that's their lowest prize back then.

Golftech

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its affect the value of bitcoin so they needed to provide rewards according to what they also gaining for this website so the share is really getting smaller no business will give their rewards for charity i know you understand that, instead of closing the site they still trying to survive by lowering their free btc rewards.

Prodigan786

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Hi its because their highest prize for one free roll is 200$ . That will reduce each stage by digits like 20$,2$,0.2$ it goes until lowest price . They are distributing coins based on US price . If bitcoin price goes high the sathoshi will be low

zekeshawn

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Because bitcoin price is getting higher and higher. We can't expect the owner of the faucet to give people the same amount of btc while the price of btc is going up and they get paid just the same. They will lose their site if they will do that, so they have to adjust according to the price of btc.

hase0278

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Popular faucet supplies it's users with a low amount of btc and is getting lower each day because of the rising price of btc and of course they adjust it so that they will still have some profit for themselves to sustain the site's hosting. If they would not do that, they would easily ran out of funds so they have to adjust each time btc price go up.

Tamilson

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

They are depending the amount of your cash out with the price of bitcoins. Bitcoin is not becoming "rare" at all but rather becoming expensive. Back then, there are still faucet sites that offer much decent amount than a regular faucet site. Today, there's not much around.

This small amount of money is the only amount of money that they can pay to you for increasing the traffic on their website, and maybe even for clicking one of the ads on their website. They are earning quite little on their website so they are paying much little than that.

lighpulsar07

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

it's because the bitcoin's value is pretty high now that's the reason why the faucets gives you smaller and smaller faucets to avoid losses on their side because every visit and click the "i'm not robot" or human verification the will have an ad revenue so, it will depends on the price and the revenue. faucet is used to be for newbies who want to start and test the bitcoin and it's blockchain

ChronoLite

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Because in faucet all you need to do just copy and paste address to box, wait, solve the captcha and done. You get your satoshi.
That's really ridiculous if you get more than 0.001 in one turn on faucet because it will broke the owner's funds.

Also with current BTC Price, some faucet adjust their rate to follow current market.

Kakmakr

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Freebitco.in changed their business model from being a faucet site to being a Gambling site with a faucet. The main goal is not to distribute bitcoin to everyone, but rather to help fund people's gambling budget and to attract more players for their dice or lottery games. Their Free payouts is also directly linked to the Bitcoin price. < High price = lower payouts >

The days where faucets are useful to collect "startup" coins has long been gone, since Gavin's faucet back in the day. Now faucets are into this to make money for themselves. ^hmmmmm^ The users are paying the faucet owners with their site visits.

HabBear

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Quote from: drwtsn32 on June 13, 2017, 10:49:29 PM

Because the price of bitcoin is getting higher and higher.
Faucets earn from ads and ad companies usually pay with dollars not with bitcoin.
So the faucet owners have to adjust their rewards according to how much the market gives them.

It's not just ad revenue, many faucets are now offering gambling too...which is paid for in bitcoin.

It's a pretty clever model, especially presuming that any of these faucet owners believe in the long-term success of bitcoin. They can enforce a diminishing cost of doing business if their expenses are paid in terms of dollars while revenue is earned in bitcoin.

I remember when faucets were paying a 1000+ satoshi per hour easily! Back in my day....haha.

ahmedjamal1998

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Basically faucets are to be used by newbies who want to try how the bitcoin network works. It's not really considered as any type of income or anything like that (since they give out small amounts).

Anyway since the price of btc is relatively high than it used to be a month or two ago (and faucets don't really make that much money) they need to lower it down to keep profiting.

ASHLIUSZ

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Based on the price increase and decrease the faucet distribution takes place. Right now the price is quite high, so even a small amount will be much valuable when converted into fiat. Considering the past, what one earns now through faucets is quite good and much valued.

Termin4tor

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Quote from: Crapz23 on June 13, 2017, 09:44:29 PM

Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Well, its quite obvious as the price of bitcoin is increasing day by day, faucet owners are more hesitant to payout a big amount. Plus the problem of huge transaction fee would discourage them as well.

If you are looking for a place to earn some money I would say move on from faucets and look somewhere else. Faucets In my opinion are sites which are helpful to people new to the bitcoin world wanting to learn how the cryptocurrency works.

drwtsn32

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Because the price of bitcoin is getting higher and higher.
Faucets earn from ads and ad companies usually pay with dollars not with bitcoin.
So the faucet owners have to adjust their rewards according to how much the market gives them.

Crapz23

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Popular sites like https://freebitco.in/ are supplying us smaller and smaller each time. Is bitcoin slowly becoming rarer and rarer? I just started mining. So I hope that can help me. Please can someone answer this?

Topic: Why are popular bitcoin faucet supplying us with a low amount of btc? (Read 722 times)