Post
Topic
Board Micro Earnings
Re: [ANN] Microwallet.org - API + free faucet script, start your own faucet!
by
viraladbuilder
on 18/08/2014, 22:16:20 UTC
That log, putting the argument to the side, was very informative to me because I have been wanting to create a faucet for a few months now. I was very close to getting one setup but have not seen anywhere as to what kind of cost can actually be involved, which left me uncomfortable jumping into unknown territory.

So, I will ask here.

What can I expect to be paying out per day if my faucet is listed on LOB and I am dispensing 100 satoshi per hour through microwallet?

If listed on LOB how many 24 hour uniques and total visits can be expected on an average day from LOB?

How much of a problem is bot traffic? I expect there must be some. How much?

Those are 3 concerns I have before jumping in. I always need to know what I am getting into before I begin.

Another concern I have is the situation with microwallet. My understanding is that microwallet itself will go away as the service we know it to be right now and 2 to 3 other individuals will acquire the scripts to run more microwallet type sites. My concern is based upon what my current timeline was before hearing of this. I have membership sites with a combined membership of over 80,000 people. The plan was to create a faucet to help promote my sites. I also planned on making a blog post on how to use microwallet and refer my members to LOB. That vast majority of my members, internet marketers of varying degrees, have yet to cross the bridge into BTC, which is what I am trying to do, create that bridge.

I became concerned and had to temporarily stop my plans because of not knowing what kind of time the microwallet situation is going to take to transition. If it is something that will be taking place in the next 1 to 2 weeks, I would easily wait until the transition takes place before I continue with my plans. I just dont want to start an education campaign, introduce people to microwallet and then after I get my members into using faucets and microwallet, have them in a situation where they have to change from microwallet to another microsite. It is all to common that when someone starts using a brand new site to the them, and then that site closes or announces it is closing its doors, they run away. And that would also hurt my trust level that my own members have with me. So, what is the estimated timeframe of this transition? Has a plan already been laid out to make the transition as easy as possible for those who use microwallet?

Something else I just thought of... If microwallet is going to become 2 or 3 other sites isn't that going to frustrate and potentially turn off a lot of microwallet users? After the transition it will then take them 2 to 3 times as much time to reach the minimums because all the faucet owners will not likely all switch to the same microsite, they will all spread out.