Coinpayu.com Stops Faucets

 

Coinpayu Stops Faucets 


Coinpayu.com, a popular website that offers Bitcoin, Ethereum and Dogecoin faucets, has announced that it will stop its faucet service from 22nd December 2023 due to a huge loss of $500 per day. The website claims that the loss is caused by bots that abuse the faucet system and claim cryptocurrency 24 hours a day.




Faucets are websites that reward users with small amounts of cryptocurrency for completing simple tasks, such as viewing ads, completing surveys, or solving captchas. They are often used by beginners who want to learn about crypto or by enthusiasts who want to earn some extra income.


Coinpayu.com was one of the most generous and user-friendly faucets in the market, as it allowed users to claim cryptocurrency every 60 minutes or view ads and complete offers to earn more crypto. The minimum withdrawal threshold on Coinpayu.com was only 11,000 satoshis, which is equivalent to about $0.50.


However, the faucet service was also vulnerable to exploitation by bots, which are automated programs that can perform tasks faster and more efficiently than humans. Bots can claim faucets multiple times a day, bypassing the verification systems and draining the funds from the website.


According to a tweet by Coinpayu.com², the faucet rule has changed on 15th November 2023, in an attempt to increase the faucet claim value each time and limit the claim times daily. The change aimed to discourage bots and encourage human users, but it seems that it was not enough to prevent the loss.


Coinpayu.com has decided to stop the faucet service completely from 22nd December 2023, and focus on other features, such as advertising, offer walls, and referral programs. The website has assured its users that they can still withdraw their earned balance and that the website will continue to operate normally.


The decision has been met with mixed reactions from the crypto community, as some users expressed their disappointment and sadness, while others thanked the website for its service and wished it good luck. Some users also suggested alternative faucets, such as Cointiply, Freebitco.in, and Firefaucet.


Coinpayu.com's case is not the first one of its kind, as many other faucets have faced similar problems with bots and losses in the past. The faucet industry is facing a challenge to maintain its profitability and sustainability, as the demand for free crypto increases and the supply decreases. Faucets may need to adopt more innovative and secure solutions to survive in the competitive and volatile crypto market.



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