I think we have 48 hours to use the ticket since the time it arrives in our inbox,
It's actually 48 hours from when we send it. Delays in your email provider delivering it to you are beyond our control. |
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So we are back at my beloved promotion,10 free spins for every deposit.However when I see the banner it says Minimum deposit: 30.000 Satoshi but when I click it then it says we have no minimum deposit limitation.Which is the truth here,last time it was no minimum deposit when I tried but it would be best to be clarified here.
I hope that Freebitco.in resolves the issue quickly, it kind of makes people get initially confused over the fact that there's a minimum deposit when in reality there's no such thing. I think that it's a minor issue though. It had already been resolved before you posted as soon as @swogerino brought it to my attention.
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Nobody said you should not talk about other places, I just meant do not talk about it in other places groups. For example if you want to talk about casino A, go talk about it on casino A topic and not at casino B topic, same goes to Casino B, do not talk about it in the topic of casino A. That is of course my opinion and not the general rule of thumb, I have seen a million casinos talked about in this topic, and if you go to other topics you will get to see many different casinos talked in there as well, people do love that, I just do not feel like that is the right thing to do. Obviously speaking it makes speaking a bit difficult because I limit, but I just say "certain casino" and get out with it. Also not all places are like that, most places do offer a flat rate, so let's say you have 5% rakeback (for example only) then if you gamble a million dollars you get more back then a guy who wagered 100 bucks, simple math. The forum rules state that you can't promote another service in someone else's ANN thread. There's a fine line between mentioning another casino and derailing the conversation into one about another casino. |
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So far, so good with hCaptcha. One click with no captcha. Hopefully it would be the same in the following days.
We've upgraded it to the Enterprise version so if it is confident that you are human you don't get a challenge. |
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So we are back at my beloved promotion,10 free spins for every deposit.However when I see the banner it says Minimum deposit: 30.000 Satoshi but when I click it then it says we have no minimum deposit limitation.Which is the truth here,last time it was no minimum deposit when I tried but it would be best to be clarified here.
It looks like the deposit page hasn't been updated to use the new image. It is 30000 minimum. |
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Splitting the inputs would cost money. Depositing small amounts to an exchange does not. A miner with a large amount of hashpower could create many pool accounts, make the pool pay for sending many withdrawal transactions to an exchange, then make the exchange pay for consolidating the many deposits. The cost to the miner would be close to zero.
The big pools all use PPS payout system so the miners have nothing to gain from high fees. Only the pool operator makes more. Taking the example I gave of F2pool they have a minimum withdrawal of 0.005 and Huobi a minimum deposit of 0.001. the pool operator doesn't need to be concerned about the minimum withdrawal so if they wanted to do what you suggest they could create 5 times as many inputs for Huobi to consolidate. They are also unable to influence when or at what fee Huobi decide to do their consolidation. I don't know whether or not pool operators do spam the mempool to make higher fees but I am absolutely certain that the transactions you showed are just normal miners withdrawals. |
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This topic reaches 3 years tomorrow.
Which I personally take as a sign that reporter badges are never going to happen. |
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I don't know if huobi allows for users to generate additional deposit addresses. I don't think it would be especially difficult for a single miner to have the ability to procure multiple sets of KYC documents, see the 2019 april fools joke, especially the prevalence of people willing to post their ID in order to collect "bounty" rewards. it might be feasible but I don't think it is an effective way to spam the mempool to make fees higher. They could withdraw each of those ~0.00531800 BTC amounts to their own wallet and then split it into 973 dust limit outputs of 0.00000546. Then consolidating that back in batches 50 inputs would create 19 transactions of 10Kb each. Do that 6 times to fill a block. Edit. Some more relevant information. F2pool which was the biggest until recent events in China has a minimum withdrawal of 0.005 BTC with the option to have daily automatic payouts for customers with a balance higher than that. That makes there being a large number of payouts in the value range seen quite reasonable. |
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I downloaded from Freebitco.in and wanted to deposit in Payeer,but I later found out that the minimum they accept is 0.00050000btc,and mine did not have so much.I didn't get anything in Payeer.If I contact Blockchain support won't it help?
You didn't download anything from freebitco. You withdrew your fund from freebitco. As I said in my previous post, all bitcoin transactions are irreversible. There is no third party that control the bitcoin network and no one can reverse your transaction. Your fund is now in control of Payeer and you can contact them. Technically, they are able to credit your balance. But I doubt they help you. ^^^ This. Payeer has the coin so only they can resolve it. |
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Now this makes me curious what percentage of all Bitcoin transactions comes from miners. Let's ignore for a moment the large miners, and assume there are only small miners in pools. They all withdraw their earnings when they reach 0.005 BTC. That means every 6.25 BTC block reward is split up into 1250 outputs for every block! That takes a significant part of block space to consolidate again.
I haven't mined for a long time but it always used to be that each pool would have 5 to 10 whales and a few thousand minnows. Those whales would probably account for 70% of the rewards in each block. Using my guestimate would reduce the 1250 outputs to 375 but then the small guys don't get to minimum withdrawal on every blocked mined. Some might be big enough to get paid every day and others every week or 2. |
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How do you account for the fact that so many miners are sending approximately the same amount to huobi, often on a daily basis?
Mining pools have a minimum withdrawal amount. They have many thousands of customers who all withdraw as soon as they can. Most of them are based in China so they use Huobi. Huobi could be consolidating several months worth of deposits at one time. As the software they use groups deposits by value you'll probably find a lot of deposits from the same mining pool together. Does Huobi even have a facility to generate new deposit addresses? Most exchanges do not. If they don't then this miner would have somehow managed to open thousands of accounts and get them all through KYC. I think that's unlikely. Even more unlikely that if their aim was to spam the mempool that they would use an exchange rather than their own wallet. |
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1. So i read that if i'm only using faucet and don't play multiplyBTC or buy lottery tickets then my faucet reward would go down. Is it true?
Yes. If so, what percentage should i keep all the time to remain the same faucet reward (right now it's 6 Satoshis) forever? Is 5-10% gaining back every day enough to not lose those 0.002$ per roll?
It's a game so you have to work out the wagering requirement yourself. No. It doesn't say it is a deposit requirement. It is a wagering requirement that is proportional to your free winnings. You have to wager enough compared to what we are giving you for free on an ongoing basis to earn the bonus wagering bonus. |
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That is a typical deposit wallet consolidation transaction. There's an automated program from Bitpay that many services use. It'll go through the deposits in descending value order and consolidate them into a single address. Then use those outputs consolidated together to fund the cold wallet and withdrawal hot wallet. The inputs appear to be payout addresses from mining pools. One of the addresses that have an input that is part of the above transaction is 1Le7X5MkbXjhEWwBJ3NHzAqFatCvjHMu8h, and it appears this address belongs to Huobi. It appears that Huobi is consolidating their unspent outputs, maybe after reading this thread. It also appears that one or more miners its receiving their withdrawals/payouts from pools to deposit addresses at Huobi. Looking at https://www.walletexplorer.com/wallet/Huobi.com-2 it appears Huobi has created well over a thousand if not many thousand transactions of consolidation transactions. It is hardly surprising that many miners based in China would use Huobi to cash out into fiat to pay their bills. It's not really evidence that it is just one miner making many transactions to spam the mempool. |
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I mean, that is how do I see the meaning of your answers between the lines.
You see it completely wrong. Just because I don't agree that there is any value in the suggestion you made does not indicate anything about the future development of Freebitcoin. |
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Alternatively, it could be possible that these mining pools are sending transactions to themselves in order to artificially increase transaction fees. I've read that theory before. At some point there was even a mining pool (Antpool?) that didn't include transactions with a fee lower than 5 (?) sat/byte. That happened in 2018 when the mempool finally cleared out after many months of very high fees. It was definitely 5 sats but I can't remember for sure which pool(s). After a few weeks they realised they were losing out to other pools that were including them and stopped doing it. |
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Aw, so that's roughly $10 for 10 free spins  Not really. You only have to deposit it which isn't the same as spending it. But I can see why the minimum was raised due to the abuse. Those abusers are likely to win the new iPhone or Rolex than us legit players
I am more concerned about them deconsolidating our wallets. Many were withdrawing usable coin from our hot wallet just to send them back as dust inputs we can't spend cluttering up the deposit wallet. |
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Someone(s) is (are) "consolidating" the hell out of their wallet today. The mempool is filled with 15 to 30 KB transactions most of which have either 100 or 200 inputs but some are paying nearly 1000 recipients!
If they are paying 1000 recipients, they are not consolidating inputs, they are splitting inputs. They could also be advertising spam, such as 5208ecff5b3fe7c1e7c852a6b8e2c323832d3e40221f28692b43bbe39b6116c1 that is clearing trying to advertise their altcoin. Looking through the last block I didn't see any paying to many recipients, just consolidation like this one. https://btc.com/d3cccd9d47798f9e26f9a95d4ebc2da651d66e606154284afaed013bbaad4850That's 100 inputs all of a similar size and there are lots of transactions all doing the same indicating it's a service using an automated consolidation of their deposits. |
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Is the minimum deposit of 30,000 Satoshi to participate in the deposit bonus promo is a new rule?
I see on the website it is not mentioned as well as the previous post from freebitco.in PR
Yes. It looks like we need a replacement image on the site. Last time we ran it when fees were lower than before we got a lot of abuse with people breaking their deposits up into dust. Like sending 100,000 sats as 1000 Sats 100 times. It isn't just the free spins they are getting but we also can't spend the dust deposits for less than 20% of the value. |
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Am I overcomplicating things? Really?  Yes really. |
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Are the rewards points bonuses down for anybody else?
Reward points bonuses are not available for me either. It's back now. it was an external problem with Google Charts. It's done that a few times, we'll have to find a more reliable replacement. |
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Hi TheQuin, I hope you're feeling good and everything is fine. I have a question about the commission share feature ("Share amount based on referral activity since last payout" specifically). I tried to search for an answer in this thread but haven't found anything yet. Does this phrase mean that manually shared amount will be calculated based on activity since last Sunday's payout (scheduled payout event) or these calculations based on the ref's activity during the time frame from the previous share this week? I mean, If I'm going to share with my refs twice a week, for instance, then their reward won't be fair in the first case, right?  I.e., I have 10 refs, for example, and nine of them brought 100 sat each and 10th brought 1000 (from Monday to Wednesday). So, I decided to share with them in the middle of the week, and the 10th will get the bigger cut of share. Next, by the end of the week, nine of them brought 500 sat more each, but the 10th ref was inactive all that time still he will get the bigger cut again. Is that picture is correct?  Thanks It means since Sunday payout. I really don't see it being unfair. In your example, the ref you earned you 1000 has still done more than the others that earned 600 so he still deserves the most. If you think that's unfair then stick to doing it once a week. Thanks for your reply, TheQuin. Wait, in my example, this guy (who earned an imaginary 1000 for me) gets a fair share in the first time based on his activity (in the middle of the week). After that he did nothing till the end of the week but still gets (after the second satoshis distribution) a bigger cut for free from satoshis amount earned by other referrals, therefore their share will become less than should be. Are you with me? I'm not sure that this can be considered as a fair sharing.  The thing is that I want to stimulate my referrals more often than once a week, but this idea becomes pointless because of the significant difference between their turnovers. In the light of described situation that interferes intending to motivate less active members. Is there any chance that you would implement a feature (another checkbox) that will allow taking into account activity since the last period of the share distribution only (at least for a one-week time frame)? I mean, not based on scheduled Sunday's share event, but some kind of dynamic activity tracker, which allows sharing only with referrals who were really active since the time they were rewarded previously (in case if share distribution happens multiple times during the week). Please, don't get me wrong. I'm not whining or complaining. I respect your Team responsiveness and the sense of receptiveness for the community members ask and proposals, and I just want to make a reasonable suggestion, which could improve user involvement in the FreeBitcoin environment. I think that would benefit both sides. And thank you very much for your efforts and support. I really appreciate your work. You're overcomplicating things. The database keeps a record of total ref com earned and ref com earned this week. Trying to keep track of when and what each of 45 million accounts has already shared this week would require a lot of resources for almost no benefit. |
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