Interesting approach. This is some kind of Captcha mining I suppose?
Not a single coin on my faucet has been mined. It's funded off advertisements and donations.
How many visits will it take to recieve a payout
0.00008 LTC every 30 minutes
Sorry, but you have not reached the minimum payout value yet. You have to accumulate enough Litecoins first. It's not that hard, really. All you have to do is to make 3-4 requests every day for 2 days.
Minimum withdrawal amount is currently set to 0.04 LTC
So isn't it really 0.04/0.00008 = 500 Times at a 30 minute interval?
Wrong.
1. The prize value is 0.0001 LTC.
2. The prize value is subject to multiplier, so calculating required time to withdrawal at a static rate is wrong.
I cannot make people who make requests once or twice a day more happy without taking away multiplier functionality from others...
You can be an active user and earn much more than 0.0001 LTC. All it takes is 6 requests every day for 3 days or so.
If you work at your multiplier, you will earn 0.000175 LTC/request.
Still, let's be reasonable -- some transactions are subject to 0.02 LTC fee. If the minimum payout is any lower than 0.04 LTC, the faucet would have to pay 0.02 LTC fee for a transaction as low as 0.01 LTC. Which means we have paid 0.03 LTC, not 0.01 LTC.