A faucet is commonly used to refer to a tap or valve, in this case that starts and stops the flow of BTC.It is a site, that gives away bitcoins to anyone, that just gives their address.Now you think where the money came from these faucets gives you.Well faucets are funded by ads revenue which site owner get from displaying ads.
Users visit the sites, usually plastered with advertising, and fill in a captcha and their bitcoin wallet address. A small amount (anything from 10-500 satoshi) is then transferred into an associated micro wallet, and the visitor needs to wait for a specified cool-down period from five to 240 minutes before being able to repeat the process. People then can systematically do this across several sites using the same micro wallet, which builds up.
The faucet business model is relatively straightforward. They start with an initial amount of bitcoin to get them going, and then they are monetised either through affiliate links to bitcoin merchants, advertising from bitcoin ad networks or Google advertising, or donations from users. Faucets also cross promote a range of similar sites on different domain names, and then offer users a percentage of any referral they bring in.
Users visit the sites, usually plastered with advertising, and fill in a captcha and their bitcoin wallet address. A small amount (anything from 10-500 satoshi) is then transferred into an associated micro wallet, and the visitor needs to wait for a specified cool-down period from five to 240 minutes before being able to repeat the process. People then can systematically do this across several sites using the same micro wallet, which builds up.
The faucet business model is relatively straightforward. They start with an initial amount of bitcoin to get them going, and then they are monetised either through affiliate links to bitcoin merchants, advertising from bitcoin ad networks or Google advertising, or donations from users. Faucets also cross promote a range of similar sites on different domain names, and then offer users a percentage of any referral they bring in.
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