Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
yes first i know about bitcoin and i got my first satoshi from faucet freebitco.in and i find all about bitcoin information 
Topic: Why do people use faucets? - page 2. (Read 4963 times)
Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.
It looks great when you got your first satoshi.
But for a newbie who have no access yet to sig. campaign, and don't want to take any risk on investing btc from real local currency, is there any other way to collect better btc or mBTC or satoshi other than faucet?
I read on this forum too that cloudmining is a huge scam?
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.
I don't understand what you mean. Can you explain a little more?
I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them...
Before you use faucet you really should read great educational post by Shorena. You will find find some info about transactions fees there:
Source: https://bitcointalksearch.org/topic/edu-faucet-risks-1044399
I've give my time to study it, and it is indeed educational, but does somebody mind to tell me this, is this mean every time I play faucet, no matter which faucet it is, I will directly and instantly and inevitably fall into satoshi dust?
I read on this forum too that cloudmining is a huge scam?
I think faucets are a good way to save on transaction fees.
When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee.
It's my way to put those money back into the BTC system I think
What are you talking about? It is completely opposite. If you collect 'dust' from faucets your transaction fees will be can be huge in the future. When I have time I get around 150000 satoshi per week: I stake them to pay a good transaction fee.
It's my way to put those money back into the BTC system I think
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.
I don't understand what you mean. Can you explain a little more?
I could agree that faucets create a lot of dust but my reason behind what I said is that since they're there why not take advantages out of them...
Quote
The most common problem when using faucets is the small payment. Every time you receive a bitcoin payment to your wallet you have a new input to spend at a later date. Think of this like a lump of bitcoin you can use later. When you later want to use these lumps of bitcoin they need space as part of the transaction your wallet creates for you. This is usually 180 bytes per input. A bigger (in terms of byte) transaction will need more fees in order to be confirmed in a reasonable amount of time. Each block offers only a limited amount of space (currently 1 MB) and if you need a big chunk of the space a big chunk of your available funds will be used as fee for the miners. Faucets try to counter this by creating payout limits, but they are often set very small. A reasonable fee for a transaction with less than 1000 byte in size is 10,000 Satoshi. If the payout limit is 100,000 Satoshi and you try to spend this input, you will have to spend 10% on fees. If you want an example how bad this can end, I helped someone recover from this a while back, in numbers:
~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees.
~0.5 BTC from faucets, collected over ~2 years, ~2000 inputs, ~350,000 bytes, ~0.09 BTC in fees.
Source: https://bitcointalksearch.org/topic/edu-faucet-risks-1044399
I've give my time to study it, and it is indeed educational, but does somebody mind to tell me this, is this mean every time I play faucet, no matter which faucet it is, I will directly and instantly and inevitably fall into satoshi dust?
Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.Maybe back in the day but now its easier to just earn from signature campaigns and at least its not a waste of time which faucets are.
Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
I strongly agree with you man! Faucets were the introduction to earn bitcoin. Most likely if someone new to btc asked you how to earn bitcoins, you'll probably answer faucets
Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
This is pretty true. I became familiar with Bitcoin because of a forum post explaining faucets.
Without faucets, probably most of people would have never got bitcoins(satoshis) enough to mess around with and ultimately learn about Bitcoin.
All you have to do is to use the highest paying faucets.
Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24)
Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example
I used faucets when I started bitcoin but the amount you get may be a couple dollars a week but that requires you to spend at least 30 minutes a day on the faucets, and that's really not worth the payout. Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24)
Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example
All you have to do is to use the highest paying faucets.
Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24)
Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example
Personally I don't mind to get few free dollars every week (without having many referrals nor using it 24/24)
Hint: try to grab some bitcoin's address from famous faucet's owner and look how much they actually earning from referrals in faucetbox for example
The people that are using faucets are likely also people that don't have the money or aren't financially stable enough to drop $100 on bitcoin.
Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof.
And while you earn your $100... and wait that BTC rise....in some place, far away, someone will be fauceting
Yes, I understand your point, and your are quite right, if you have a job to get those $100. But many do not even have it. Why do not faucet for a month, then start trading and maybe have those $100 two months later? Or perhaps learning about faucets enough and running their own faucet? Not easy, but not impossible either.
A faucet worker is the best person to run a faucet later.
Fair enough, you made a valid point. Who doesn't have any money, not just those $100, he is better off hitting those captchas and faucets than sitting on their a** and doing nothing!
I guess their is no case unique for anything in this world, the same goes for the faucets!
I literally created my first wallet this week and started using faucets last night. I am quickly coming to the realization that it isn't worth my time. I may do a few more rounds to hit the faucetbox threshhold and get my first bits in my wallet, but that may be the end of my 1 day faucet experience.
The most of the people who use faucet are beginners in bitcoin and hope that with this method will have some bitcoin. Then are attracted by the free money. faucets give free bitcoins and this have a psychological effect that make them to use their time to take those free "money".
I use faucet to cover my transaction fee which,if I pay from my hard earn bitcoin,gives me heartache:D besides faucet are good source of some free satoshi in your free time It is easy to earn some btc,thay use,thay have referrals,if you will see faucet demographic stats you will see that thayare coming from poor countries where even one dollar count
true. People don't realize that in some countries a minimum wage is around 1USD per hour. You can get more from a sig campaign.
It is easy to earn some btc,thay use,thay have referrals,if you will see faucet demographic stats you will see that thayare coming from poor countries where even one dollar count
Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof.
And while you earn your $100... and wait that BTC rise....in some place, far away, someone will be fauceting
Yes, I understand your point, and your are quite right, if you have a job to get those $100. But many do not even have it. Why do not faucet for a month, then start trading and maybe have those $100 two months later? Or perhaps learning about faucets enough and running their own faucet? Not easy, but not impossible either.
A faucet worker is the best person to run a faucet later.
I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more.
Faucets are a safe way to begin using BTC without any potential loss.
Faucets are a safe way to begin using BTC without any potential loss.
Good point. I know of a friend that is waiting for just that.
Plus, you can optimize faucet claims by opening several faucets at the same time and claiming while others load, or having a selection of faucets with fast loading captchas (solvemedia typed captchas are a lot faster to load). You can also optimize more using some other altcoins.... many faucets are good but usually only 4 or 5 are really good and more worth the time. Taking other cryptos (litecoin, doge) into account, you can save some time on getting more value. All that takes work, but you can be a more professional fauceter optimizing all that.
Come on guys this is wasting time. I would rather buy 0.5 BTC for $100 and save myself 6 months of faucets solving captchas. Then I would stick these 0.5 BTC in a cold storage and wait that 1 BTC goes through the roof.
The only person that earns from faucets is the faucet owner since the people keep bringing traffic to his faucet/web site. Everything else is just not worth in my modest opinion.
i personally use it because it is a free way of earning bitcoins
You're earning a couple pennies worth of bitcoins; hardly any amount to considering getting any at all.
i personally use it because it is a free way of earning bitcoins
I always like to imagine the day when we look at 1000 Satoshi in the same way we now look at this 1.00000000 in BTC value. If/when BTC does get mass adoption, then small faucet money now may be worth a fair bit more.
Faucets are a safe way to begin using BTC without any potential loss.
Faucets are a safe way to begin using BTC without any potential loss.
Good point. I know of a friend that is waiting for just that.
Plus, you can optimize faucet claims by opening several faucets at the same time and claiming while others load, or having a selection of faucets with fast loading captchas (solvemedia typed captchas are a lot faster to load). You can also optimize more using some other altcoins.... many faucets are good but usually only 4 or 5 are really good and more worth the time. Taking other cryptos (litecoin, doge) into account, you can save some time on getting more value. All that takes work, but you can be a more professional fauceter optimizing all that.
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