Post
Topic
Board Beginners & Help
Re: Help me understand - Who uses Faucets? , and why?
by
Kprawn
on 17/02/2015, 05:40:09 UTC
My point being , there's so many other much more profitable ways to be earning bitcoins can someone explain to me who the people using these are ? and why.

I'm not sure either, the rewards are so low lately.  If people stop using them maybe they'll have to increase rewards to get their site visits or to even get noticed.

lately? Do you compare it to the times when faucets gave out 1 bitcoin per hour and one bitcoin was worth 0.50 cents? In those days, hardly anyone knew about bitcoin, so the userbase of a faucet would have been a few hundred people. Things have changed now... the higest paying faucets now pay out to millions of registered users. {Freebitco.in has 1,165,107 registered users}

The math to run a profitable faucet these days are staggering and if you get the margin wrong, you will die quickly.

@MichealBliss : Believe me, the rich kids of a first world country, will not benefit from using a faucet... they pay more for a cup of coffee than what you would make from a faucet in a year... but for a person in a 3rd world country, that same amount will be the difference between, having a cheap drink or having none at all.