[junrose123]

I have never tried the mining of bitcoins at faucethub since I was just focus on claiming to some faucets.

[jackchun]

I also not do real mining, just play virtual mining in game sites, not hyip !

[Happyland]

Faucet owners get hit with multiple fees when using FH. 1.5% to deposit anything. The miner fee for the deposit aswell. Exchange fee to convert it to other currencies(most faucet owners support multiple currencies and can’t keep depositing each coin) and also can encounter fees for advertising on FH in the chat or being a premium member to get listed in the faucet list. Some faucet owners take these fees into account while others just charge the user directly. Either way these fees are getting paid whether the user sees a fee removed or if they just earn less per claim.

Thank you @Cyberfreak for this explanation. If the faucets owners have to pay fees to be in Faucethub why don't they have just their own site? I understand that there are a lot of users using FH but the one who ends up losing money is the user as we are the ones who pay the fees.

When running a business there are always fees and expenses. You as the consumer pay those fees in the prices you are charged for everyday items. They get passed on to you. Utilities, phone, cable, petroleum, paypal, plane ticket, landlord, bank etc. Lots of fees being paid 24 hours a day. There are fees built into what you pay whether you see a break down of the amount due or not.

Faucethub has advantages and disadvantages. Faucet owners must weigh the pros and cons but there are many benefits both obvious and less obvious. Security is one of them but perhaps it depends on who you ask. When fees rise, it becomes a major obstacle to making those small micropayments for you and a faucet owner. There is a cost of doing business whether one goes it alone or partners up with a platform.

[nela13]

Faucethub has advantages and disadvantages. Faucet owners must weigh the pros and cons but there are many benefits both obvious and less obvious. Security is one of them but perhaps it depends on who you ask. When fees rise, it becomes a major obstacle to making those small micropayments for you and a faucet owner. There is a cost of doing business whether one goes it alone or partners up with a platform.

Undoubtedly Faucethub has advantages for faucet owners if a faucet is publicised there beside it gains more visibility it also seems legit and trustworthy. The major con is the fees, but those are paid by the users so faucet owners end up not losing money.

[junrose123]

Some faucets really facing some issues wherein a certain faucets can claim every one minute then after the following days it would be now 5 minutes interval every claims.

[Yugocean]

Faucet owners get hit with multiple fees when using FH. 1.5% to deposit anything. The miner fee for the deposit aswell. Exchange fee to convert it to other currencies(most faucet owners support multiple currencies and can’t keep depositing each coin) and also can encounter fees for advertising on FH in the chat or being a premium member to get listed in the faucet list. Some faucet owners take these fees into account while others just charge the user directly. Either way these fees are getting paid whether the user sees a fee removed or if they just earn less per claim.

Why don't you promote your faucets here in forumcoin, and pay same way like forumcoin.win; users too will get cryptocurrency that you will select; fees will be settled.

Faucet owners have different options to choose from. Faucethub is one option. There are pros and cons for faucet owners to use faucet hub. Forumcoin is a forum. Faucets in the "normal" sense is a totally different kind of site from a forum.

Forumcoin.win's claim rate is still better then many faucet rate expect those which pays $0.001 valued claims.

[tusziget]

You are right about it.Usually faucets are paying 0.001 $ worth satoshis,so it may take a while to reach higher amount of cryptocurrencies.I am trying to catch higher paying faucets,when they are just new online,because then they are paying higher amount of satoshis.

[CyberFreak]

Using FH or something similar makes everything easier and cheaper in the long run. I ran manual paying ETH faucets for a while which meant that users had to claim a threshold and I would then send the payment to their wallet. There was a lot of issues with this though. Firstly some wallets had minimum amounts that could be sent to them meaning I send the payment and the user didn’t receive it as it was a small amount. Secondly I had to pay the miner fee. With ETH at the time, the fees were out of control at times around the start of this year. Transactions were costing me 60 cents and over. Quite often more than the amount I am sending. As I was just 1 faucet, setting a high min withdrawal does not go down well with users. FH can demand users reach a higher amount as there are loads of faucets to claim from. They also handle the payment support issues rather that the faucet owner and can also batch payments better than individual faucet owners can. Basically we faucet owners use FH for example to make things better for users and ourselves. In reality, it could even be cheaper to use FH than sending payments directly to users.

Unfortunately the way faucets are, they are hard to make money with. Ad networks are hard to come by for faucets, the ones there are quite often are hard to get into or turn scam. The pay low, offer dodgy ads in many cases and require us to pay a withdrawal fee to get our earnings which means that along with FH’s fees, we lose quite a bit before we get to a position to even start paying users. Fraud, hosting, domains, adblockers etc take more of that income aswell. In reality we get left with a small chunk that we then have to decide on what to pay each claim. Google have recently clamped down on pop ups in Chrome. It seems my domain has had popups blocked by chrome as on all networks, pop up views are a fraction of what they were... maybe a quarter. Anyone with basic knowledge can use any faucet without ads if they want to aswell. Many people do. This is why faucets don’t pay well, don’t last long or pay well initially and then don’t.

With my forumcoin faucet, we have no fees. Kind of a reason why FC is good for buying and selling. Free transfer of coins that have a set value that can be exchanged for PayPal easily. I don’t have to pay a service like FH to send payments or require a min withdraw amount. Ideal and means that I can offer better rates. I also offer better rates just because I want to help the ForumCoin members. In reality I still make a loss with the faucet but my FH faucets are ran with rates that actually pay for my FC faucet so I don’t lose money really. Thankfully the amount of claims on the FC faucet is very low in comparison to my FH faucets.

[Happyland]

There are many benefits to using faucet. There are advantages available to all parties. That is why I wrote this thread. Faucethub has lasted longer than similar sites.

[jackchun]

but what online currency earning sites can last long?

[tusziget]

I think we should take advantage of every new site,which is offering a good amount if cryptocurrencies at the start.After that we can search for other new sites too,where is worth to be active.

[jackchun]

yes , i have joined and searched most sites that are believable and reputable

[skysnap]

I think we should take advantage of every new site,which is offering a good amount if cryptocurrencies at the start.After that we can search for other new sites too,where is worth to be active.

So far no new ETH faucet in FH. I am looking for more options. Because ether earning is a bit harder.

[riddy09]

I don't bother which altcoin I will use as long as the faucet has better claim rates and just do exchange it in your preferred crypto. You can try doge or blackcoin or even primecoin.

[Yugocean]

Now I understand why FC faucet claim was dropped even when cryptocurrency rate was dropped.

[jackchun]

then why fc facuet dropping ?

[Happyland]

They do not always work in lock step. Many things factor into the claim rate. Most faucets are not very profitable. Ad dollars is one big factor. Fees are another factor.

[Yugocean]

then why fc facuet dropping ?

He had to pay for many thing, fixed rate for uncertain cryptocurrency rate.
Also the ad revenue he is earning have balance with paying for claim.

[junrose123]

I also observed that some faucets are dropping now dropping and some of them turns out to be empty and not paying anymore.

[tusziget]

Many faucets are doing so.After a while they do not have more cryptocurrencies and you have to search for other faucets.There are many of them.