For 2 days the base prize for me has been only half of what it used to be. How come, is it something only I experience?
Please pm me your user id. |
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A question about freedoge.
After accumulating for quite some time by turning the auto withdraw off, I decide to withdraw the doge into my wallet. I see that there is a 1 doge fee for both automatic and manual withdrawal. Extremely small fee, really, not worth bothering. Still, I can't help but wonder, what is the difference between the automatic and manual, then? Since both have some fee. I mean, the automatic withdrawal for freebit comes with free fee. Purely curiosity here.
It is just an old system that was never changed. The only different is that auto-withdraw makes the withdrawal automatically for you every week. It's useful for people who refer but don't want to login to their account to request payment every week. I have added it to my list for removing the fee for auto-withdraw. Thanks for bringing it to my attention. |
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I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.
Anyone seen this?
No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish. So question, if I don't see a bonus balance what does this mean I have used it up (lost the bonus) from the terms they say it does not expire. And let's say I have made the requirements which I doubt why can't I see the amount returned to my main account. Now I have this message at the top of my multiply page
Deposit between 0.00090516 and 1 BTC to your FreeBitco.in account and after the transaction has been confirmed, reload the MULTIPLY BTC page to claim a 100% bonus from us for playing MULTIPLY BTC! (BONUS TERMS)
That amount they are asking me to deposit changed recently from 81K to the current amount. The difference I posit is the exact amount gone from my balance. If you are unable to see a deposit account that means you either completed the wager requirements or the balance became 0. If you pm me your user id, I can take a look at your account. The minimum bonus amount is updated every 24 hours and is fixed at approx. $1. Regardless, the amount of bonus that you claimed will exactly be the amount deducted from your balance as well, no more and no less. |
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I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.
Anyone seen this?
No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish. |
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not sure why a faucet site will offer interest on users balance? what is the benefit of the site owner in this feature? is freebitco.in turned to HYIP now? i wonder if someone in the right mind would put their money there
Please read the actual page that you are commenting about before signature spamming. |
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Review and Update. Latest payouts. Payouts Date Amount 35 3/1/2017 0.54279177 36 3/2/2017 0.55270291 37 3/3/2017 0.53250906 38 3/4/2017 0.52866947 39 3/5/2017 0.52909098 40 3/6/2017 0.53316101 41 3/7/2017 0.52395721 42 3/8/2017 0.50926328 43 3/9/2017 0.50721262 44 3/10/2017 0.50151259 45 3/11/2017 0.50175142 46 3/12/2017 0.51465393 47 3/13/2017 0.52184827 48 3/14/2017 0.52617139 Total Mined BTC to date = 20.81224783 Total Invested. Investments Hashpower (Th) Total Hashpower = 1520Th Total $$$ = $191,672.00 1 $25,250.00 200 2 $25,250.00 200 3 $12,610.00 100 4 $2,522.00 20 5 $25,220.00 200 6 $25,220.00 200 7 $25,220.00 200 8 $25,220.00 200 9 $25,220.00 200 Any Questions please PM me or find me on twitter. Thank you Will continue posting results   Do you have the BTC amount of your investment? |
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I didn't know freebitco.in got a mining feauture, does your site accept mining investor?? Well in that case how could people get assurance to earn with investing with you? And how do you think your mining operation last?. There's so many questions crosses on my mind for now since i don't see some good credibility got your site on. We use part of the funds that user will deposit with us to expand our mining operation. Please read the FAQ at https://freebitco.in/?op=home&tab=earn_btc, it explains everything. |
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Does anyone know which pool GM uses? and their total hash rate?
Based on the number of people I have seen buying their contracts, they would easily save tens of thousands of $ a month by running their own pool (even assuming pool fee at 1%). I would estimate their total hashrate at 50 PH+ if they are actually mining equivalent to the amount of contracts that they sell.
How did you estimate their number of contracts? Anyway most (if not all) of their mining contracts are not profitable, so they can afford not to mine at all and just work as a crypto-casino. 50 PH is my estimate seeing the number of times I have seen people put in large amounts of money with them. If they do not actually mine, it's worse than a casino - in a casino the user atleast has a chance to win, this is like a guaranteed loss. |
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Does anyone know which pool GM uses? and their total hash rate?
Based on the number of people I have seen buying their contracts, they would easily save tens of thousands of $ a month by running their own pool (even assuming pool fee at 1%). I would estimate their total hashrate at 50 PH+ if they are actually mining equivalent to the amount of contracts that they sell.
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I sent a small amount to the deposit address listed by Freebitco.in, to experiment with the savings account. The first deposit stayed in the address listed, however after a second small deposit, the funds were sent to another address. Can you explain why this happened? A cynical mind would say that this is a scam: hook them by making a first deposit look safe, and steal the funds after a second larger deposit.
lol what? Was the deposit credited to your account or not? If yes, then what is the problem? How does it matter what happens to the deposit your sent after it was credited to your account? We use a shared wallet so your deposits might be used for somebody else's payouts and their deposits might be used for your payout. Is your account balance correct and are you able to withdraw it or not? |
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If anyone is interested in monitoring (most of) our miners in real-time, they can do so at https://freebitco.in/cgi-bin/monitor_miners.pl. It's updated every 15 mins. Please do not send us emails or PM's when a miner is down, we already get notified about it. Thanks for sharing this info with us and I'll be sure to check in on this every now and then. Thanks also for letting me know about not adding a savings feature on your Dogecoin faucet but do you think we could have the lottery feature added on FreeDogecoin? I ask this a few months ago and you said you may add it and just like to know if that is still on the table to be added in the future? Sorry, it has been put back for now since dogecoins doesn't really get much traffic and I want to focus on making the bitcoin faucet better first. For the pay to play gambling bonus, I think you recently said that didn't require a deposit to play, that you could use the balance in your account from free to play to claim a gambling bonus... Is that a limited time offer, and is it a one-time offer? (That is, if I claim with a low balance, will that burn my only chance to claim the bonus?)
There is no limit to the bonus. You can claim once, fulfil the wagering requirements and then claim again and again. I haven't been on freebitco in a log time. This almost makes me want to do the faucet again and earn the 4%. It's a well respected and old faucet. The main use of funds is for expansion? Can they elaborate or is it secret? I guess it's like taking a loan. They could also stop the interest after a year.
Do you plan to keep this interest indefinately?
It's detailed in the FAQ of the savings page but mostly we plan to use the deposited bitcoins for expanding our mining operation. For the pay to play gambling bonus, I think you recently said that didn't require a deposit to play, that you could use the balance in your account from free to play to claim a gambling bonus... Is that a limited time offer, and is it a one-time offer? (That is, if I claim with a low balance, will that burn my only chance to claim the bonus?)
I think you can do it with your balance without the needed of a deposit, but you will still need to bet your bonus claimed x40 to receive the bonus. This looks to risk for me, with a 0.001 BTC bonus you need to wager 0.08 BTC to be able to receive the bonus. Did anyone have success doing this? You know, we have had 2 users - 1 claimed a bonus for 0.77 BTC and turned it into 21.2 BTC and another claimed it for 0.0795 and turned it into 5.79 BTC! I am not recommending anyone to do this, but from what I have seen people who have had success with claiming the bonus and multiplying it many times over all seem to be following a system of somewhat risky martingale ie. double bet on loss but at odds of 3.00 or triple bet on loss but at odds of 2.00 or some variation of these. It's risky but the fastest way to clear the wagering requirements before going bust. Again, I am not recommending anyone to do this, I am simply stating my observations from what I have seen.@Wetsuit
This bonus (4.08% anually) is more than welcomed but I am not sure if it is enough to attract new investors.
Maybe you should start advertising freebitco.in as an online wallet as well, many newcomers are choosing sites like Coinbase or Xapo to store their first Bitcoins and this interest is a big advantage compared to them.
Actually that is the next step, low fee transfers to other FreeBitco.in users and then after that a system for users to accept bitcoin payments. |
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If anyone is interested in monitoring (most of) our miners in real-time, they can do so at https://freebitco.in/cgi-bin/monitor_miners.pl. It's updated every 15 mins. Please do not send us emails or PM's when a miner is down, we already get notified about it. |
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I like the new feature a lot! {Bitcoin savings account} .... I have last seen something like this with AsMoney.  ... What is the maximum amount that you will pay interest on? It is just a pity that you cannot split your "savings account" from all other activities on the site. I want to use the savings account, but that amount must be locked in.... I must not configure the "Auto betting" feature and then realize that it has wiped out my savings. Can you not change this, so that you can divide the features and allocate percentages to the different options or generate a sub-section for each. eg : 80% - savings / 10% - Multiplier / 10% - lottery for instance  We have already invested 1,000+ bitcoins for mining in 3 months (and we were starting out slowly) and could easily invest another 2,000 in the next 6 months. Would users be interested in higher rate plans but with a lock-in period? We could do about 8%/year but with a 1 year lock-in. As for controlling your auto-betting, couldn't you do that now by setting a maximum loss limit? By splitting your balance, you would just earn less interest because the balance in your other accounts would not earn anything. Maybe have some lock in plans, like 1 month, 3 months, 6 months and a year? But I'd probably leave a little for that plan I also love this new savings feature and now instead of withdrawing every week like I was doing I'll leave it sit in my account earning interest. I agree that maybe you should have a couple of lock in options for people to choose from say from 1 month 6 months and the 12 month option. @Wetsuit Will there also be a feature like this for the Dogecoin faucet? Sorry, we do not have any plans to implement this on dogecoin since it adds a new layer of complexity (hedging against the DOGE price changing) and cost. |
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The new interest feature is a pleasant surprise since it was completely unexpected. I am curious though, what made you fix the APY at 4.08%? I realize the APY is a result of the daily rate which is compounded daily, so I guess a more accurate question is how did you decide what the daily interest rate would be?
Also, this is just out of curiosity as well, but is the time the interest is credited truly random (generated by computer perhaps) or just variable (initiated manually but at no set time)?
We set the interest rate at 4% APR which comes to 4.08% annually if compounded daily. We set the rate at 4% since that is what we can safely give out for a long period of time while also being competitive with similar services. The interest is credited at a computer generated random time everyday but we have been adjusting the time for the first few days so that we can monitor if everything works properly before we let the script run on its own. It will be fully automated from now onwards. |
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I look at the Lottery rounds on Freebitco.in and I notice that most (if not all) of the winners have in-week lottery ticket submissions greater than 100,000 tickets, some winners with over 1 million tickets!
How is this possible?
Does people really have that many referrals that they can generate that many lotto tickets in 7 days?
Is there bot that's giving people an edge?
What's going on here? I'd love to hear from Freebitco.in on this, I know you're monitor the forum.
It's people who play the dice game and get tickets for free mostly. |
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I like the new feature a lot! {Bitcoin savings account} .... I have last seen something like this with AsMoney. ... What is the maximum amount that you will pay interest on? It is just a pity that you cannot split your "savings account" from all other activities on the site. I want to use the savings account, but that amount must be locked in.... I must not configure the "Auto betting" feature and then realize that it has wiped out my savings. Can you not change this, so that you can divide the features and allocate percentages to the different options or generate a sub-section for each. eg : 80% - savings / 10% - Multiplier / 10% - lottery for instance We have already invested 1,000+ bitcoins for mining in 3 months (and we were starting out slowly) and could easily invest another 2,000 in the next 6 months. Would users be interested in higher rate plans but with a lock-in period? We could do about 8%/year but with a 1 year lock-in. As for controlling your auto-betting, couldn't you do that now by setting a maximum loss limit? By splitting your balance, you would just earn less interest because the balance in your other accounts would not earn anything. |
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So freebitco.in have new features in their site.
From faucet (which is the primarily reason of it's popularity), dice, lottery, reward points and now for bitcoin savings account. Well even it is a legit one, just want to remind people that investing in a system like that is really a high risk. Yes no one is forcing investors to make invest with them but it's a clear thing that even a good company that runs for more years can soon be fraud someday although Im not saying this to freebitco directly as Im using their faucet services since then due to my referrals that still active up to today but it has a possibility.
But I didn't understand why they want to pay interest for keeping coins in their account? Are they going do any business with these stored coins to grow more money for them? I couldn't find anywhere what they do with these stored coins and how they generate profits for their users. If they make it clear in public then we can think of whether deposit or not. But for faucet point of view, it is a good site. You could atleast read the full page before commenting for your sig campaign. |
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Sorry for the delay with manual payments. Since our wallet was double-spending I had to manually clear out some transactions and make sure that they were not in the mempool before resuming bulk payments. Payments have started soon and should be with you shortly.
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Credited bonus of 0.01 BTC to both!
Thanks a lot man. Your are real good. I have receive the bonus. Thanks for your best faucet.I also received my bonus and also activated 2FA so that hackers stay out of my account! By the way do you think it is a good option for people who want to use your site as a savings account for a few months to have an option and disable withdrawals ? Thank you! Thank you! Thank you! Do you mean lock the account from withdrawals for a fixed period? Is that really a good idea in case you need the coins urgently for some reason? If the locking can be disabled via email confirmation or 2FA, it wouldn't provide any extra security since changing withdrawal address already requires 2FA or email (if no 2FA enabled). |
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