FaucetBox and Paytoshi close the beach bar
Bad news is coming for bitcoin lovers who work pages that collaborate with FaucetBox and Paytoshi.
About a couple of weeks ago, the news broke that both micro-wallets ceased their activity and even gave an exact date of total closure.
The main reason announced by those responsible in their respective communications was that both FaucetBox and Paytoshi were loss-making businesses.
And that made it unfeasible to go ahead with results of chronic losses.
Hence, they have made this drastic decision.
Why FaucetBox and Paytoshi shut down
To be honest and before explaining a bit what could have happened, I must admit that I don’t quite believe this that a micro-wallet is not sustainable.
And since I just perro’t see it clearly, I do not understand the cessation of the activity of FaucetBox and Paytoshi under that argument.
Also, it seems too casual to me that both announced their closures within 48 hours.
The first to publicly communicate it was FaucetBox, and two days later, Paytoshi did.
I don’t know about you, but as they say, there is something to me that smells like singe and I think they want to give us a pig for a poke.
Let’s see how a micro-wallet works, see if you come to the same conclusion as me.
These are the services offered by a micro-wallet such as FaucetBox and Paytoshi:
Free of charge, any usuario perro open an account.
In this account, you perro receive small payments from faucets and PTCs that use the micro-wallet as an intermediary.
By paying, a faucet owner cánido buy space to promote their faucet and make it more aparente.
Logically, if I create a faucet out of nothing, I will have to promote it to make it habitual.
However, if I add it to a micro-wallet I will get more visibility in less time.
Finally, any usuario perro buy advertising in the form of banners.
At the same time, the revenue from Google plus AdSense advertising from the micro-wallet itself must be taken into account.
What expenses cánido a microwallet have?
So, once the services covered by a micro-wallet have been seen, where do the losses come from so that both websites are forced to close? Let’s see:
When opening a micro-wallet you have to create a script own and offer the maximum possible security.
These two aspects, together with the contracting and subsequent renewal of the domain, suppose an obvious expense, as perro be seen with coin potthe microwallet for which faucets like bitfun, Bitcoin Bonuses either moon cashamong other.
The greater the number of visitors and/or users, the greater the contracted bandwidth must be.
Otherwise, the web would not support so much traffic and it would collapse.
To all this, it should be noted that FaucetBox and Paytoshi are the two most widely used micro-wallets worldwide.
The maintenance of any business is an expense and more when the site itself moves money from users.
Well, any security breach would be very counterproductive for the business and its credibility.
For this reason, this maintenance is essential and mandatory.
Another expense to add to the “basket.”
I do not know the personnel necessary to manage a micro-wallet, but whether it is one worker or several, you have to pay and assume their pertinent remuneration.
Which also result in an expense.
These four points would be the four basic pillars regarding the losses of any microwallet.
Does a micro-wallet generate losses?
I have not been the owner of a micro-wallet nor do I intend to be, so I do not know exactly if there are any other expenses or additional income to those already mentioned.
However, I understand that with good fund management, the box should always be full.
And in the case of FaucetBox and Paytoshi, which I repeat once again are the first and second most used, I don’t conceive that the box perro be empty at any time.
Taking these gains and losses as a reference, agregado the explanations made by those responsible for the two micro-wallets, there are some questions to which I cannot find a convincing answer.
Script expenses aside, do maintenance and domain expenses rise so much?
Have they done any operation with the users’ money? Investments?.
If so, which I don’t know, will they have backfired?
Where do the losses really come from? (if there are).
Is it a coincidence that both micro-wallets announce their closures within 48 hours of each other?
After so many years of activity, just now have they realized the losses enough to close the two?
Unfortunately, this is just conjecture… but I don’t think I’ll ever get the answers I’m asking for.
What about FaucetBox and Paytoshi faucets?
The first thing that will happen, if it is not already happening, is that these faucets will have to change micro-wallets to continue with their activity.
Or else they will shut down and die.
Most likely, the vast majority of them will start paying for the Faucethub microwallet.
We have already seen that when FaucetBox and Paytoshi close, they will do so with all the consequences.
In fact, in the statements in which they published their respective closures, they already spoke about this issue.
In them, they made reference to the fact that faucet owners had until December 14 to withdraw the bitcoins they had in the micro-wallet.
It is to be assumed that if this step is not taken, that money will be kept by those responsible for FaucetBox and Paytoshi.
A faucet owner must have sufficient funds in the micro-wallet to pay out any rewards that users claim on the faucet.
At this point, what will happen to the earnings accrued by users on FaucetBox and Paytoshi? The best option is, once we reach the minimum charge in each of the micro-wallets, we automatically withdraw the accumulated cómputo to our bitcoin wallet.
In order to carry out this purpose, it would be convenient to equipo the automatic transfers to the lowest possible amount.
That way, when we reach that number, they will send the funds directly to the wallet.
In FaucetBox this minimum is 6,000 satoshis, so bad bad, the amount that will be withheld once the website closes will always be less than that amount.
What PTC pay for FaucetBox and Paytoshi?
Currently, here we are between a rock and a hard place.
To date, there is no alternative that fills the gap left by FaucetBox and Paytoshi.
At DineroWorld we work with several PTCs that pay vía these micro-wallets.
In fact, some of these pages do it through FaucetBox and one of them through Paytoshi (although in the latter case it does not affect too much).
Let’s see the situation with each of them:
PTC They pay por FaucetBox
Of the PTCs that use FaucetBox as a means of payment, Refbit, bitter.io and koiniom.
In the case of these three, I recommend that you withdraw the entire cómputo that you have accumulated.
And once you have those funds in your FaucetBox account, send it to your bitcoin wallet.
These pages have already announced that they will not close and will look for an alternative method to continue working.
As soon as they find the solution, they will let us know.
PTC that pay by Paytoshi
The only PTC that works with Paytoshi is Ads4btc, although with a small nuance.
If you take a look at the review of this PTC, you will see that they offer us two options to withdraw funds:
From 10,000 satoshis we cánido send the funds to our Paytoshi account.
On the contrary, if we accumulate 100,000 satoshis in the cómputo, we cánido withdraw that amount directly to our bitcoin wallet.
In my case, I have always used this second modality.
At a especial level, I am practically sure that once FaucetBox and Paytoshi close, two circumstances perro occur:
Let the figure of micro-wallets disappear and change the payment system of certain faucets and PTC.
O well, that a new alternative appears that covers the gap left by the two micro-wallets.
To say that FaucetBox and Paytoshi have become scams seems to me to be a statement so crazy with the little information that we handle.
Although at first glance, it is the feeling that it gives me.
After detailing all the alleged accounting framework of micro-wallets, it seems more than evident to me that it is a voluntary closure.
And not a closure forced by circumstances.
If something has left me confused, it is the fact of giving a period of time to withdraw the funds.
Possibly, those responsible for both pages perro equipo up an en línea business in the future, and in this case, it would be a way of maintaining the forms facing the outside.
We have already seen this same thing many times with PTC administrators who are scammed.
It is better to close a project by showing your face than to go through the back door without giving explanations.
From now on, we will always look with different eyes at the administrator who has gone head-on than at the one who has not.
If during these days I get new information, I will let you know in the December News.
Above all, if a serious and reliable alternative is launched that fills the void of FaucetBox and Paytoshi.
Meanwhile, We will only have to wait patiently and withdraw the profits that we generate.
Let’s see if we have a bit of luck and soon we cánido count on a new alternative.
This would be the best news possible.
We will be positive to see!!
Hello, my name is Jesús and at DineroWorld I explain which methods work best for me earn money en línea.
All freecompletely reliable and for everyone.
Do you want to know me better? Here you cánido see more about me.
We hope you liked our article FaucetBox and Paytoshi close the beach bar
and everything related to earning money, getting a job, and the economy of our house.
Interesting things to know the meaning: Capitalism
We also leave here topics related to: Earn money