Why do people use faucets? - page 5.

faridkifly

sr. member

Activity: 294

Merit: 250

Quote from: n2004al on August 29, 2015, 02:56:05 AM

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".

yeah i agree with you dude.
because they are begginer so dont know best way to get btc.. i used to be like that, but after i know signature campaign I started to leave the faucet

Proxiebuier

sr. member

Activity: 364

Merit: 250

Quote from: afriezalie on August 31, 2015, 08:04:57 AM

Sometimes people use faucet because they own a faucet rotator so they just collect reff bonus from other users, or sometimes they want to spend their time, or learn more about bitcoin with faucet.

+1
some people use multiple account to collect from referal bonnus and he can double his earning
it's a tactic from faucet hardcore

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

People like getting free money, and for some reason people like getting free bitcoin even more than free money. Just seeing another transaction going into your wallet is satisfying.

afriezalie

sr. member

Activity: 364

Merit: 250

Sometimes people use faucet because they own a faucet rotator so they just collect reff bonus from other users, or sometimes they want to spend their time, or learn more about bitcoin with faucet.

kpitti

legendary

Activity: 924

Merit: 1002

I am quite often working being online on computer. There is very easy to go on some of the faucet and try luck.

Brad Harrison

full member

Activity: 168

Merit: 100

I use to run a few faucets but never used them, fun times and made some decent money from them

Shubhankar-01

newbie

Activity: 6

Merit: 0

Some of people are uses faucets.but faucets are not a popular site.it like a lottery to claim your free btc now.if it use then give low low btc we get

alone bird

newbie

Activity: 14

Merit: 0

most of peoples using faucets because they r new and noob in btc ....
I was also using faucets but later on I left that stupid faucets because they have less reward in order to earn more and enough money .....
but I suggest these to beginners who are noob in btc they can try to earn some cents in free mode....

btccashacc

legendary

Activity: 1120

Merit: 1000

still use faucet just for make me fun
http://prntscr.com/8au00f

takingthis4

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

its kinda stupid to use faucets i think you cant make a lot of it and its just wasting time

Solange

newbie

Activity: 22

Merit: 0

Faucets are just the first way newbs try to get their hands on their first coins without having to pay anything. I used them for a few days back in the day but quickly stopped when I realized I was wasting my time.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: Enzyme on August 29, 2015, 02:36:09 AM

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

i use faucets on my free time and when killing time. i dont see bad things that i should stop doing it.
besides its free.. and theres nothing i can lose when i use it... small satoshi when you combine all it will be big..
you can never make 1BITCOIN without those satoshis. getting a job online or whatever is a different topic.
you will not enjoy it... Tongue

bootycamp

newbie

Activity: 40

Merit: 0

i use faucets to just make some small amounts of bitcoins to have something to gamble with

btccashacc

legendary

Activity: 1120

Merit: 1000

Quote from: lahm-44 on August 30, 2015, 03:10:57 AM

peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence

+1
so we can't we can not directly blame them
it helps us provide insight

acquafredda

legendary

Activity: 1316

Merit: 1481

Quote from: maku on August 30, 2015, 12:49:32 AM

Quote from: acquafredda on August 29, 2015, 11:05:14 AM

Quote from: maku on August 29, 2015, 09:57:03 AM

Quote from: acquafredda on August 29, 2015, 08:06:04 AM

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.
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:

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.

Source: https://bitcointalksearch.org/topic/edu-faucet-risks-1044399

Thanks man I completely ignored this at all!
I'll have a deep look on it.
That's not what I thought. Good to know now

lahm-44

sr. member

Activity: 336

Merit: 250

peoples try to work and earn on the faucets because they can't work in the fourms likr this or they can't understand it because it is much complex to them..they just need a little bit guidence

Q7

sr. member

Activity: 448

Merit: 250

Those people who got into faucets are probably newbies. They need a way to earn something and experiment with the coin before deciding and then seeing the value of bitcoin. I agree it's totally not productive as getting a real job will earn you much more than spending the time clicking all day, but then it's free and it's fun, so why not?

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: maku on August 29, 2015, 09:57:03 AM

Quote from: acquafredda on August 29, 2015, 08:06:04 AM

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.
You will lose significant part of your faucet earning trying to compose 'dust' transactions. You may want to think twice before that.

You obviously have not used faucets linked to Xapo. Wink

....I can collect loads of Satoshi's from different faucets linked to Xapo and make one transfer from Xapo to my

Bitcoin address. That can cover all my transaction fee's for a month, making Bitcoin transactions on the Blockchain Free! {Faucets pay for it} Or you can pay someone

directly via Xapo for something, if they use it, and pay NO transaction fee's. Alternatively you could use one of these faucets and disable the "auto withdrawal" feature

and send faucet income to your main Bitcoin address, when it clears the "dust" levels.... and use that to cover your expenses. There is many ways to counter "dust" from

faucets my friend... Just do a little homework... and you too will have FREE Bitcoin transactions. Shocked

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

Quote from: Enzyme on August 29, 2015, 02:36:09 AM

They're so stupid, I could easily tell you to get a job but there are other things you can do online which will earn you alot more.
Checkout /r/beermoney for example.

It takes 5 seconds do a roll on freebitco.in and we can win upto 1 Btc. What are we losing here? People use it just for luck etc purposes, Faucets cant be replaced by a job. and freebitco.in has lottery so what are we losing. I have like 3 active referrals and i make around 50K satoshi from them.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: acquafredda on August 29, 2015, 11:05:14 AM

Quote from: maku on August 29, 2015, 09:57:03 AM

Quote from: acquafredda on August 29, 2015, 08:06:04 AM

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.
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:

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.

Source: https://bitcointalksearch.org/topic/edu-faucet-risks-1044399

Topic: Why do people use faucets? - page 5. (Read 4983 times)