freebitco.in Annual investment

[LTU_btc]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

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[panjul07]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

[LTU_btc]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Offcourse, every investment have risk, but Freebitco.in can't be compared with various cloud mining websites, HYIP's, ponzi schemes and etc. I trust in Freebitco.in because it's trusted website which already many years in business. They clearly provided how their investment system works and how they will use invested money. It's imoortant that they provided proofs of their mining operations. I see only one risk - that someone hacks freebitco.in website and steal bitcoins. But as owner said, they keep biggest part of bitcoins in hardware and paper wallets.

[Myfe]

I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Hi Panjul07, you ask some good questions...we have some answers for you.

We've been very open about why we're offering interest on balances and what your deposits are helping us achieve.

How do we make money to pay you interest?

When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 6.541 Petahashes or 0.175% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.

On the FreeBitco.in site at the Earn BTC menu we have signed a message using our bitcoin address that is used to collect payments from our bitcoin mining operation.

And if you're concerned about solvency, about us having enough funds to cover deposits you can check the balance of FreeBitco.in's wallet. Here's just a little something to prove that we don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

Take the verified bitcoin address in the link above to Blockchain.info to check the balance, and therefore FreeBitco.in's solvency.

[alva5763]

I am not saying anything against the site but the annual interest is low. I am making between 10-20% per annum.

[BitHodler]

I am not saying anything against the site but the annual interest is low. I am making between 10-20% per annum.

4% isn't low. It's what they can justify paying out to people.

I much rather prefer services to offer a (in relative terms) lower interest rate which they can pay out without any problems, than having services advertise with insane returns that are impossible to maintain.

Instead of just saying 'this is low because I earn this or that', you can also provide more information as to what exactly you're doing to earn between 10-20% per year. Mind sharing?

[lockept93]

At least its better than holding on a wallet. Its a question about risk managment at all.
But i would never say 4% is bad.

[Myfe]

I am not saying anything against the site but the annual interest is low. I am making between 10-20% per annum.

You're making this much from a bitcoin balance? If so, you should share where so others can get on board!

[aTriz]

I am not saying anything against the site but the annual interest is low. I am making between 10-20% per annum.

You're making this much from a bitcoin balance? If so, you should share where so others can get on board!

Why do you want him to reveal his precious secrets?
It is not alright, you can find many "money-making guides" over here, in this forum, but they are just something that might help you to get the grasp on how to earn bitcoins through internet.
But this is not so easy, cryptocurrency can be converted to fiat money, which means that people in here treat it as a regular cash.

You need to make up your own idea, or at least improve some way of getting bitcoins if you really want to get returns only thanks to using your PC.
Im sure that you wouldn't share your great way to make 10-20% yearly, neither do I.

[squatz1]

At least its better than holding on a wallet. Its a question about risk managment at all.
But i would never say 4% is bad.

4 percent seems like a pretty lowball number with the amount of risk involved in leaving it in their wallet, so I'll have to agree with ya on this one that it's a pretty horrid interest rate.

For 4 percent there is some risk involved but with the amount of sites that get "hacked" and lose everything I wouldn't even want to risk it with this. The only way the owner could get this to work is if he put in some safeguards or escrow accounts with customers money though then it would defeat the purpose of him having customers money to be able to do stuff with within his site.

Maybe just offer higher interest amount with no escrow and see if he can get more business, that'd be all from me.

[Kakmakr]

I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Hi Panjul07, you ask some good questions...we have some answers for you.

We've been very open about why we're offering interest on balances and what your deposits are helping us achieve.

How do we make money to pay you interest?

When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 6.541 Petahashes or 0.175% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.

On the FreeBitco.in site at the Earn BTC menu we have signed a message using our bitcoin address that is used to collect payments from our bitcoin mining operation.

And if you're concerned about solvency, about us having enough funds to cover deposits you can check the balance of FreeBitco.in's wallet. Here's just a little something to prove that we don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

Take the verified bitcoin address in the link above to Blockchain.info to check the balance, and therefore FreeBitco.in's solvency.

Well 3003 bitcoin will cover most of the investments that would have to be covered by this investment scheme. Is this the Net profit after all deductions was done, because I only see 3 deposits and no deductions. ^smile^

I think I am lucky enough to receive higher interest than 4% per year on my investments on fixed deposits at banks, so this is not a option for me, but I reckon some people might not be this lucky and would grab a opportunity like this.

Not having to deal with banks, would have been great, but the interest is a bit low.

[wuvdoll]

At least its better than holding on a wallet. Its a question about risk managment at all.
But i would never say 4% is bad.

There are few good aspects of freebitco.in, to get those 4% of returns you never need to invest your hard earned money. Just use their faucets in your free time and accommodate above 30k satoshi and start earning one or two satoshi daily. Everything will be free of cost so why not just give it a try.

If it is from some other company, then I will never think about it. Feeebitco.in is serving to bitcoiners for years with no complaints as far as I am concerned.

I do not have any plan to invest with them, but will make use of their faucets in free time and I will never withdraw my balances (until it will grow near 0.01 bitcoins) to see how their this investment plan will work.

[spngebob]

I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Hi Panjul07, you ask some good questions...we have some answers for you.

We've been very open about why we're offering interest on balances and what your deposits are helping us achieve.

How do we make money to pay you interest?

When you hold money in your FreeBitco.in account, we split it into 3 parts - the first part is used to cover user withdrawals, the second part is used to bankroll our MULTIPLY BTC game and the third part is used to expand our bitcoin mining operation (which is currently 6.541 Petahashes or 0.175% of the total hashpower of the bitcoin network). We make a profit and assume the full risks of our businesses and in return for you saving your money with us, we give you a risk-free fixed rate of return.

On the FreeBitco.in site at the Earn BTC menu we have signed a message using our bitcoin address that is used to collect payments from our bitcoin mining operation.

And if you're concerned about solvency, about us having enough funds to cover deposits you can check the balance of FreeBitco.in's wallet. Here's just a little something to prove that we don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

Take the verified bitcoin address in the link above to Blockchain.info to check the balance, and therefore FreeBitco.in's solvency.

Well 3003 bitcoin will cover most of the investments that would have to be covered by this investment scheme. Is this the Net profit after all deductions was done, because I only see 3 deposits and no deductions. ^smile^

I think I am lucky enough to receive higher interest than 4% per year on my investments on fixed deposits at banks, so this is not a option for me, but I reckon some people might not be this lucky and would grab a opportunity like this.

Not having to deal with banks, would have been great, but the interest is a bit low.

I am not sure why they are doing it since they have 0.175% of total hashrate.
I would personally only mine and do nothing else.

[mrcash02]

At least its better than holding on a wallet. Its a question about risk managment at all.
But i would never say 4% is bad.

There are few good aspects of freebitco.in, to get those 4% of returns you never need to invest your hard earned money. Just use their faucets in your free time and accommodate above 30k satoshi and start earning one or two satoshi daily. Everything will be free of cost so why not just give it a try.

If it is from some other company, then I will never think about it. Feeebitco.in is serving to bitcoiners for years with no complaints as far as I am concerned.

I do not have any plan to invest with them, but will make use of their faucets in free time and I will never withdraw my balances (until it will grow near 0.01 bitcoins) to see how their this investment plan will work.

It's a good idea, but you will receive too low interest over your faucet earnings (if you don't have referrals). I believe takes too much time to get 0.01 BTC there only using faucet and when you get this amount, you will earn a bit more than 100 satoshis daily interest. Better than nothing, but it can be much better if you deposit a big amount, let it generating some income for few days or weeks, so withdraw your initial deposit and continue growing your money only with what the site gave you.

[Myfe]

I am not saying anything against the site but the annual interest is low. I am making between 10-20% per annum.

Not from a Bitcoin wallet you're not.

I am not sure why they are doing it since they have 0.175% of total hashrate.
I would personally only mine and do nothing else.

Business breeds business. If we want to grow, we need to expand beyond earnings from the faucet. Mining is one of the options available. It's nothing more than basic organic business growth.

4 percent seems like a pretty lowball number with the amount of risk involved in leaving it in their wallet, so I'll have to agree with ya on this one that it's a pretty horrid interest rate.

For 4 percent there is some risk involved but with the amount of sites that get "hacked" and lose everything I wouldn't even want to risk it with this. The only way the owner could get this to work is if he put in some safeguards or escrow accounts with customers money though then it would defeat the purpose of him having customers money to be able to do stuff with within his site.

Maybe just offer higher interest amount with no escrow and see if he can get more business, that'd be all from me.

We're no less risky than bitcoin banking with Coinbase...which, I'll remind you, is not paying you interest on your balance and IS now charging you fees for transactions. If you're going to use an online wallet, we offer the best deal with one of the longest running reputations.

This day's about to end...I just received another interest payment from FreeBitco.in, did you?

[btcdiggingmaster]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Exactly, it is not predictable because they are making through only one option that is through advertising, but they can't make millions and millions in a year. It is not possible then how can they pay interest yearly for the people who invest in it, even they didn't mentioned any guarantee towards your investment.

[Kprawn]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Exactly, it is not predictable because they are making through only one option that is through advertising, but they can't make millions and millions in a year. It is not possible then how can they pay interest yearly for the people who invest in it, even they didn't mentioned any guarantee towards your investment.

There are no guarantee in Bitcoin, but I figure if they have some banks with a higher interest rate than 4.08% per annum, they could just

do that and pay interest to their investors. So 4.08% is low for people that are getting 10%+ from long-term fixed deposits. You only need to

pay some money from your own pockets, until these long-term deposits yield returns. 

[Myfe]

So 4.08% is low for people that are getting 10%+ from long-term fixed deposits. You only need to pay some money from your own pockets, until these long-term deposits yield returns. 

Yes, but people making this much interest don't have their deposits in bitcoin and are missing out on ALL APPRECIATION!

I am not sure why they are doing it since they have 0.175% of total hashrate.
I would personally only mine and do nothing else.

And an update on the mining power we've attained, our mining operation is at almost 9 PH now (8.88 PH to be exact).

Username wetsuit at https://slushpool.com/stats/hall-of-fame/ and https://www.miningrigrentals.com/rigs/35192

[LTU_btc]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Exactly, it is not predictable because they are making through only one option that is through advertising, but they can't make millions and millions in a year. It is not possible then how can they pay interest yearly for the people who invest in it, even they didn't mentioned any guarantee towards your investment.

There are no guarantee in Bitcoin, but I figure if they have some banks with a higher interest rate than 4.08% per annum, they could just

do that and pay interest to their investors. So 4.08% is low for people that are getting 10%+ from long-term fixed deposits. You only need to

pay some money from your own pockets, until these long-term deposits yield returns. 

Yes, there are no guarantees in bitcoin. I'm sure that Freebitco.in would get more trust if they insure users deposits. But it's impossible, because bitcouns is always circulating - users can deposit and withdraw bitcoins whenever they want.
In my country, it's impossible to earn interest from bank deposits, because banks aren't paying interest due to Euribor.
In past I remember some banks paid high interest rates, like 10%, but they bankrupted later. And people lost their deposited money, because only deposits lower than 100k Euro were insured.

[chineseprancing]

I see that many people complaining that 4.08% yearly interest is low. I don't agree. If you say that interest is low, pleaee offer something better. For example, if I would put my money into bank, I would get 0% interest.
Offcourse, you can invest into HYIP's which gives high profits, but it's too risky to invest, because we will just loose our money.
I think it's better to deposit bitcoins to freebitco.in than just hold bitcoins in wallet. Profit isn't big, but it's safe to invest and we can earn some passive income.

There is no guarantees that you will earn passive income in any kind of investment. There is always a risk to lose our investment by some cases such as site getting hacked or other things. I dont really understand how the investment on freebitco.in works but I guess they cant give you guarantee of profit. It will be suspicious if a site offering guaranteed profit on investment.

Exactly, it is not predictable because they are making through only one option that is through advertising, but they can't make millions and millions in a year. It is not possible then how can they pay interest yearly for the people who invest in it, even they didn't mentioned any guarantee towards your investment.

There are no guarantee in Bitcoin, but I figure if they have some banks with a higher interest rate than 4.08% per annum, they could just

do that and pay interest to their investors. So 4.08% is low for people that are getting 10%+ from long-term fixed deposits. You only need to

pay some money from your own pockets, until these long-term deposits yield returns. 

Yes, there are no guarantees in bitcoin. I'm sure that Freebitco.in would get more trust if they insure users deposits. But it's impossible, because bitcouns is always circulating - users can deposit and withdraw bitcoins whenever they want.
In my country, it's impossible to earn interest from bank deposits, because banks aren't paying interest due to Euribor.
In past I remember some banks paid high interest rates, like 10%, but they bankrupted later. And people lost their deposited money, because only deposits lower than 100k Euro were insured.

That is why they got bankrupted because of the higher interest paid! Here in my country banks offering only not more than 2% per annum of your savings which they can earn more than of that by using your money in lending.
While in freebitco.in interest is really small but it is good for the trusted site which they do not like to be bankrupted they utilized to be stronger due their good services.