Bitcoin faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of a Bitcoin Cents called satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website.
Earn From Our Own Faucets:
Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin. Typical payout per transaction is less than 1000 satoshi, although some faucets also have random larger rewards. To reduce mining fees, faucets normally save up these small individual payments in their own ledgers, which then add up to make a larger payment that is sent to a user's bitcoin address.
As bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers stealing the bitcoins
The Main Purpose Of Faucet
The first bitcoin faucet was created for the purpose of creating awareness about the birth of the still unknown currency "Bitcoin" It was the most and only available means to introduce many people worldwide to bitcoin. Today, we have different types of faucets for difference virtual currencies; such as litecoin faucets, dogecoin faucets, dashcoin faucets, and the list goes on.
How To Get Traffic To Facet Sites
Faucets are high traffic websites. It is not all that difficult to get a huge number of page views per day to a site which is giving away free money. When I started my first faucet business, after lunching the site, I got not less than 3000 visits in less than an hour. If a website has other content or services to promote to Bitcoin users, especially new users, a faucet is a great way to bring them to make them familiar with a brand name. A faucet could also be used to promote bitcoin related business and services to visitors.
How Do Fqucet Sites Generate Income
Making a healthy profit from a faucet site on its own is a lot harder than just making a popular faucet, but it is still possible. Faucet owners are faced with lots of challenges these days, There are a lot of these sites around today, so it's a very competitive market, and earning enough from advertising to cover the cost of the coins you are giving away and hosting costs is nearly impossible. The bad guys are also out there trying to steal the coin through fraudulent and criminal means. Adding additional content to a website, or creating some kind of unique or interesting twist can help boost income for faucet owner.
Just have it in mind that the main objective of a bitcoin faucet is to spread the word about bitcoin and contribute in its expansion worldwide.
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