Tried a few different miners (only ever did CPU mining, never GPU unfortunately) and the best hashrate I ever got was with Moonify's app. Will definitely give this one a go. Congratz on the project

Hi, I've seen you blog before - i think i might have come across it on another bitcointalk thread. Have you considered doing adding a web miner or presenting one as a solution for your readers who are interested in creating a faucet? If you find one with a good system it might be cool - have a look at this roundup of miners, they could be helpful to you - https://bitcoincloudmining.org/en/cpu-webmining-javascript-mining-browser-mining/

I was listening the Epicenter podcast (which I suggest to listen to), Anthony Lusardi of the ETC foundation was talking about this.

Essentially, PoW is a tried and tested concensus mechanism. You just have to look at the security of Bitcoin to know whether it works or not. Are there problems in PoW? Yes. It's inefficient and wasteful in terms of energy consumption and does not align itself with greener and more environmentally friendly drives (this is actually important and for some, crypto in general is just a no-go area simply because of the mining farms). It is however the longest running consensus mechanism and it is supposed to allow natural competition - you can join the network and get mining rewards. Obviously, it comes with its own problems of centralization, mining mostly occurs in China. Why? Because electricity is cheap and they make the miners.

To go back to PoS and to the point made in the podcast (i'm pretty sure it was in the one about ETC). Imagine a scenario where you had a majority stake in the network. Obviously that would also lead to proplems of centralization because of the higher proportion of coins you actually own for a given network. They will be worth a certain amount to the staker so they wouldn't want to give them up. The problem is, they might be worth even more to a potential buyer who wishes to "purchase" the network by purchasing those coins from highest holding staker. It might be less wasteful that PoW but it doesn't solve any problems of potential corruption.

I see. I think that goes for most things though - any PTC stuff for example is never going to generate you enough income.

If you want to generate income for your website then using secret miners like Coinhive just isn't gonna do it. They're flagged because people have been abusing their use. The only way to do it is to use something that's totally transaparent with your users, otherwise you're shooting yourself in the foot.

What i've gleaned from this is that it can only really be profitable (and not that much) if you have a faucet website.

You can always have a look at this source to see all the options available: https://bitcoincloudmining.org/en/cpu-webmining-javascript-mining-browser-mining/
My favourite is Moonify who have a nice revshare model (70% goes to you and the rest goes to your users).

I agree to an extent, trading online cards on the blockchain might not be that fun. I think we're at the "Pong" stage at the moment and games will get better as time goes on.

I've just been directed over here from another thread. Basically my question was are faucets worth it for the webmasters? I will have a look at your blog posts and thank you for your contribution.

Ok cool thanks for your help

Hmm. But if you say, "dead" do you mean that the project is no longer running at all or that or they've just devalued so much that they are worthless?

Have there been any advances in scaling recently to improve the Ethereum network?

There are many developments on ethereum at the moment so I agree that it is a good coin to buy but I'm still not sure how the market will behave. People said it would be a good year for crypto in 2018 but I do not believe this to be the case. In the long run, yet but not right now..

I am confident in the future of ethereum but not confident in the market at the moment.

Out of interest, what dead tokens are they?

Someone mentioned that they could be exchangeable later on DEXs? Is this a market that could exist in the future? The buying/selling of unusable tokens, almost like antiques ?

This is actually a question for those who own them.

I was a reading up on how to start a faucet (just out of curiosity) and it said that the majority of faucet sites are not profitable, I saw a fair few and thought that maybe that wasn't true. Why would you spend time and effort and something like that to not make money.

Are any beginners using them and or has anyone just started one?

Ok that's some nice advice. I did scroll through the meta forum but it's too meta for the time being

I think it's a fair point although you should've PF'd your post

It's true that ICOs wanting to raise millions should really consider having a native check their content. However given that people rarely read whitepapers, is there any point? People just throw money at projects without doing any research

Are you the only one doing this? Its very cool, how do you actually send the tokens to users?

From the beginning, I always believed you should only put in what you can lose. If you do this and despite the market being down, I would still hold (unless it's an astronomical amount) in which case, sell and use the money for something nice.