Quote from: ethantaylor on April 21, 2017, 05:33:07 AM

Quote from: didshc on April 20, 2017, 08:23:19 PM

Quote from: ethantaylor on April 20, 2017, 02:47:11 AM

I don't understand the high cash out threshold (20,000) because you use a micro wallet. Micro wallets are born to handle micro transactions.

We use the micro wallet so we do not have to pay transaction fees.

If we were to transfer directly to wallet we would have to lower the prizes, discount the fees at the time of withdrawal or increase the threshold to at least 100,000 satoshi to offset the amount of the fees.

The threshold is high because we do not have enough traffic yet. But as soon as possible the threshold it will be decreased to 15000, then 10000, and if all goes well, zero the threshold and leave a simple time limit between one withdrawal and another.

I know using micro wallet saves you transaction fees. But why the high threshold when you don't need to worry about transaction fees? Your faucet could simply function like many other instant-paymented faucets, which send satoshis to users' micro wallet accounts instantly right after users claim their satoshis.

Good question!

First of all I would like to make it clear that although the threshold seems high, it is not. Because the average per claim is 50 satoshi every 5 min, you can make 120 claim per day. That means about 6,000 satoshi a day, that means that in about 1 week you get the 20,000 satoshi, even if you are not so lucky and not get the prizes above average and without counting the referral bonus of 30% and the daily bonus that can accumulate up to 100%.
In the worst case scenario you get 15 satoshi if you make your 120 claim per day, in 12 days you get 21,600 satoshi. In two weeks you can make a withdrawal.

After studying a lot, we adopted this tactic to avoid 2 things that can end a faucet soon in its first months.

1. Bots that can cheat the anti bot system.
With the high threshold and the interval between the payments we have more time to detect these frauds.

2. That we pay much more than we earn.
We do not want to get rich with the faucet, but we can not afford to lose money either. So we need to earn enough to be able to pay all users. When a site does not have enough traffic, it also does not generate enough revenue.
That's why we need the support of users to disclose the site.
The more users the higher the income and the higher the income the higher the prizes we can pay you!