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Author Topic: FreeBitco.in - Win free Bitcoins every hour!  (Read 281116 times)
siddartha1492
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October 13, 2017, 05:55:39 AM
 #3501

Ya CPU can usually be stretched out for mining, especially if you have intel i series CPU. They can handle the extra work and heat. But if you are mining on laptop, tabs and mobiles, then you are really shortenig the lives of your devices, as they do not have any heat escape mechanisms.

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Vulcan32
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October 13, 2017, 07:17:51 AM
 #3502

If you have a modern graphics card (GPU), mining with it can still be profitable unless you have very expensive electricity. But mining with your processor (CPU) is another story. I'm pretty sure that you will mine at a loss when you subtract electricity costs, so unless you have free electricity for some reason, don't bother mining with your CPU. Mining with a JavaScript miner makes it even worse, because it is less efficient than a native miner. You'd better buy bitcoins directly.

Here's a simple calculation to prove it. I tested a few days ago a 4-th gen desktop Intel Core i5 CPU and it earns about 150 sat per hour with the JavaScript miner embedded in FreeBitco. This means that it earns 3600 sat per day or about $0.20 with the current Bitcoin price. A desktop computer whose CPU is running at 100% has a power consumption of at least 100W (60-80W for the CPU and then some Watts for the other components), which translates to 2.4 KW per day. If you pay for electricity $0.10 (which is even considered cheap), you CPU will use electricity for $0.24 per day while earning only $0.20 in Bitcoins. This means you will be mining at a loss. It's better to simply purchase some Bitcoin.

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TheQuin
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October 13, 2017, 07:23:42 AM
 #3503

If you have a modern GPU, mining with it can still be profitable unless you have very expensive electricity. But mining with your processor (CPU) is another story. I'm pretty sure that you will mine at a loss when you subtract electricity costs, so unless you have free electricity for some reason, don't bother mining with your CPU. Mining with a JavaScript miner makes it even worse, because it is less efficient than a native miner. You'd better buy bitcoins directly.

Here's a simple calculation to prove it. I tested a few days ago a 4-th gen desktop Intel Core i5 CPU and it earns about 150 sat per hour with the JavaScript miner embedded in FreeBitco. This means that it earns 3600 sat per day or about $0.20 with the current Bitcoin price. A desktop computer whose CPU is running at 100% has a power consumption of at least 100W (60-80W for the CPU and then some Watts for the other components), which translates to 2.4 KW per day. If you pay for electricity $0.10 (which is even considered cheap), you CPU will use electricity for $0.24 per day while earning only $0.2 in Bitcoins. This means you will be mining at a loss. It's better to simply purchase some Bitcoin.

This is really intended for use on a PC that's turned on anyway. Running it at a low % using when working on the PC and then turn it up to 100% when you take a break. I did some testing on an i5 as well and just measuring the extra power used to mine it did just about work out profitable. That was on a 3 or 4 year old processor so it's would be better on something newer.

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October 13, 2017, 08:03:29 AM
 #3504

This is really intended for use on a PC that's turned on anyway.

If the PC is turned on anyway, it makes more sense. Anyways you will have a profit or a loss of a few cents per day at most (depending you your CPU efficiency and your power costs), so if you find mining fun, why not. Just don't expect to become rich mining with your CPU. We missed that train 6-7 years ago Smiley

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CatFur
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October 13, 2017, 09:45:48 AM
 #3505

If you have a modern GPU, mining with it can still be profitable unless you have very expensive electricity. But mining with your processor (CPU) is another story. I'm pretty sure that you will mine at a loss when you subtract electricity costs, so unless you have free electricity for some reason, don't bother mining with your CPU. Mining with a JavaScript miner makes it even worse, because it is less efficient than a native miner. You'd better buy bitcoins directly.

Here's a simple calculation to prove it. I tested a few days ago a 4-th gen desktop Intel Core i5 CPU and it earns about 150 sat per hour with the JavaScript miner embedded in FreeBitco. This means that it earns 3600 sat per day or about $0.20 with the current Bitcoin price. A desktop computer whose CPU is running at 100% has a power consumption of at least 100W (60-80W for the CPU and then some Watts for the other components), which translates to 2.4 KW per day. If you pay for electricity $0.10 (which is even considered cheap), you CPU will use electricity for $0.24 per day while earning only $0.2 in Bitcoins. This means you will be mining at a loss. It's better to simply purchase some Bitcoin.

This is really intended for use on a PC that's turned on anyway. Running it at a low % using when working on the PC and then turn it up to 100% when you take a break. I did some testing on an i5 as well and just measuring the extra power used to mine it did just about work out profitable. That was on a 3 or 4 year old processor so it's would be better on something newer.


Thank you guys. I know this has been discussed before but great to know how it fares up specifically with FreeBitco.in mining.

On the non-technical side, I really like how much quicker my sats add up in my account. For me right now purchasing Bitcoins is not an option. I'm giving it about a week trial and if I think I can't handle the electricity bill I might have to stop. Which is quite sad since I like the idea that my computer is generating coins  Grin

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October 13, 2017, 11:19:38 AM
 #3506

Rounded it Grin
If it is shared by my referrer can I see that somewhere?
I don't think it is that though because I don't think I even have referrer and even if I had one that would be quite big amount to share, way more than commission I would have made to him.

How you could remember that you were not referred by someone there? And you are an old user of freebitco.in(As your user id)
~2670 satoshi(Less then 2670 satoshi. As you have earn some satoshi from free roll also) is not big amount to share by your referrer here. Your referrer get 50% of your claim. I think he might receive more commissions then he shared with you. And there is no way to check this.

Guess I have generous referrer then, great!

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jaysabi
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October 13, 2017, 03:13:27 PM
 #3507


Thanks, I plan to try and get some ballpark data on it, but I'll have to shut down the browser miners and wait for stats to sync for awhile, and that's not something I want to do right now. I've got several running and might as well wait until a prime stopping point when I can shut them all down together and then let the stats sync up. Then I'll get data points from a couple concurrent browser miners at the same time that will have different hash rates.

Looking forward to seeing this if you get it to work, I've been running mining a lot but have wondered how it compares.

So I've run two sessions, a very brief session and a days-long session, and here is the data I've recorded:

Short session: 50,036 hashes, 12 satoshi in earnings; 0.24 satoshi / 1k hashes (240 satoshi / 1M hashes)
Long session: ~6,440,000 hashes, 1572 satoshi in earnings; 0.24 satoshi / 1k hashes (244 satoshi / 1M hashes)

Now I only have two data points, but it's interesting to me that the rate has held pretty constant. I would set my baseline expectation to be 240 sats per million hashes, with the knowledge that variance for price and conversion are likely.


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maple27
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October 13, 2017, 03:22:30 PM
 #3508

So I've run two sessions, a very brief session and a days-long session, and here is the data I've recorded:

Short session: 50,036 hashes, 12 satoshi in earnings; 0.24 satoshi / 1k hashes (240 satoshi / 1M hashes)
Long session: ~6,440,000 hashes, 1572 satoshi in earnings; 0.24 satoshi / 1k hashes (244 satoshi / 1M hashes)

Now I only have two data points, but it's interesting to me that the rate has held pretty constant. I would set my baseline expectation to be 240 sats per million hashes, with the knowledge that variance for price and conversion are likely.

Awesome! Thanks for doing this, I know a lot of people have been looking for data for a while

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October 13, 2017, 03:34:51 PM
 #3509


Thanks, I plan to try and get some ballpark data on it, but I'll have to shut down the browser miners and wait for stats to sync for awhile, and that's not something I want to do right now. I've got several running and might as well wait until a prime stopping point when I can shut them all down together and then let the stats sync up. Then I'll get data points from a couple concurrent browser miners at the same time that will have different hash rates.

Looking forward to seeing this if you get it to work, I've been running mining a lot but have wondered how it compares.

So I've run two sessions, a very brief session and a days-long session, and here is the data I've recorded:

Short session: 50,036 hashes, 12 satoshi in earnings; 0.24 satoshi / 1k hashes (240 satoshi / 1M hashes)
Long session: ~6,440,000 hashes, 1572 satoshi in earnings; 0.24 satoshi / 1k hashes (244 satoshi / 1M hashes)

Now I only have two data points, but it's interesting to me that the rate has held pretty constant. I would set my baseline expectation to be 240 sats per million hashes, with the knowledge that variance for price and conversion are likely.

very interesting!
ive been running the bitcoin miner on coinpot (on the medium setting) for a while and from my rough calculations i think they pay somewhere between 300-350 satoshi per 1M hashes.
but is does seem to vary a little (by maybe +/- 10%) day to day - maybe related to price and total network hash rate?
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October 13, 2017, 06:02:40 PM
 #3510


Thanks, I plan to try and get some ballpark data on it, but I'll have to shut down the browser miners and wait for stats to sync for awhile, and that's not something I want to do right now. I've got several running and might as well wait until a prime stopping point when I can shut them all down together and then let the stats sync up. Then I'll get data points from a couple concurrent browser miners at the same time that will have different hash rates.

Looking forward to seeing this if you get it to work, I've been running mining a lot but have wondered how it compares.

So I've run two sessions, a very brief session and a days-long session, and here is the data I've recorded:

Short session: 50,036 hashes, 12 satoshi in earnings; 0.24 satoshi / 1k hashes (240 satoshi / 1M hashes)
Long session: ~6,440,000 hashes, 1572 satoshi in earnings; 0.24 satoshi / 1k hashes (244 satoshi / 1M hashes)

Now I only have two data points, but it's interesting to me that the rate has held pretty constant. I would set my baseline expectation to be 240 sats per million hashes, with the knowledge that variance for price and conversion are likely.

very interesting!
ive been running the bitcoin miner on coinpot (on the medium setting) for a while and from my rough calculations i think they pay somewhere between 300-350 satoshi per 1M hashes.
but is does seem to vary a little (by maybe +/- 10%) day to day - maybe related to price and total network hash rate?

Yeah, there could be a lot of factors influencing the payouts: the particular monero pool's payout rate (income generated minus fees), the payout rate of whoever hosts the browser hashing software (wetsuit in this case- I'm assuming he takes a cut of the proceeds from our mining efforts for including it as an option on this site, which I'm fine with), luck in the pool (that is, how quickly your hashes help solve blocks above the average, which generates into higher revenue per hash), and conversion rate from monero to btc.

All of those factors will affect the sat / hash rate you experience on this website, and that's just off the top of my head. There's likely more factors. So really, the only way to get a good indication of the payout rate is through many data points, and then you can make reasonable comparisons with anyone else providing similar services if you're hunting for efficiency. Unless someone is really blowing this site out of the water in terms of efficiency, I'll prolly stick here, because wetsuit has always proven a stand-up guy who's built up a lot of goodwill.


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Myfe
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Freebitco.in Community Manager


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October 13, 2017, 09:04:50 PM
 #3511

Yo, yo, ma...we're creeping up on a HUGE Rewards Points bonus weekend >>>>> 3x Rewards Points starts tonight!

For the entire weekend, we'll pay you 6 Rewards Points for a free roll, 3 Rewards Points for a multiply roll activity exceeding 1500 satoshi, and 3 Rewards Points for a referral roll!

Follow us on Twitter to get more announcements of great promotions > https://twitter.com/freebitco

StelioKontos
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October 13, 2017, 09:17:27 PM
 #3512

Yo, yo, ma...we're creeping up on a HUGE Rewards Points bonus weekend >>>>> 3x Rewards Points starts tonight!

For the entire weekend, we'll pay you 6 Rewards Points for a free roll, 3 Rewards Points for a multiply roll activity exceeding 1500 satoshi, and 3 Rewards Points for a referral roll!

Follow us on Twitter to get more announcements of great promotions > https://twitter.com/freebitco

Yoooooo amazing!!!

---

Errrhm, I've been without the captcha for quite long time - my balance is over 30'000 satoshis - and now it's back?  Shocked Is it permanent?  Cry

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ivebeenpwnd2
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October 13, 2017, 09:43:27 PM
 #3513

Errrhm, I've been without the captcha for quite long time - my balance is over 30'000 satoshis - and now it's back?  Shocked Is it permanent?  Cry

your free roll earnings must be more then half your total balance on the account now, you will have to deposit more bitcoin, wait for interest to catch up by not claiming for a while, or win in the high low game, any of those would work as long as you end up over the threshold
StelioKontos
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October 13, 2017, 09:54:19 PM
 #3514

Errrhm, I've been without the captcha for quite long time - my balance is over 30'000 satoshis - and now it's back?  Shocked Is it permanent?  Cry

your free roll earnings must be more then half your total balance on the account now, you will have to deposit more bitcoin, wait for interest to catch up by not claiming for a while, or win in the high low game, any of those would work as long as you end up over the threshold

Thanks for the explanation but I didn't understand anything... it requires a degree in mathematics to understand that formula?  Grin it would be nice to have something in the site showing it in numbers.

But basically you're saying that if from now on I'm not depositing it means I'm stuck with bloody infernal captcha forever?

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ivebeenpwnd2
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October 13, 2017, 11:02:04 PM
 #3515

Errrhm, I've been without the captcha for quite long time - my balance is over 30'000 satoshis - and now it's back?  Shocked Is it permanent?  Cry

your free roll earnings must be more then half your total balance on the account now, you will have to deposit more bitcoin, wait for interest to catch up by not claiming for a while, or win in the high low game, any of those would work as long as you end up over the threshold

Thanks for the explanation but I didn't understand anything... it requires a degree in mathematics to understand that formula?  Grin it would be nice to have something in the site showing it in numbers.

But basically you're saying that if from now on I'm not depositing it means I'm stuck with bloody infernal captcha forever?

just go to your personal stats page and double your Free Roll Winnings, if you are below that amount for your balance then depositing to be higher then that would be the easiest.

You could try withdrawing other faucets into your freebitco.in account to easily keep above the threshold, I do the 3 main moon faucets, bonusbitcoin and bitfun and then convert the Doge and Litecoin to btc for free on their coinpot microwallet and transfer out the btc to freebitco.in when I hit 50k satoshies to not have fees.
StelioKontos
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October 14, 2017, 12:02:28 AM
 #3516

To site admins: the FAQ page looks doubled, it contains each content doubled... check it out.

just go to your personal stats page and double your Free Roll Winnings, if you are below that amount for your balance then depositing to be higher then that would be the easiest.

You could try withdrawing other faucets into your freebitco.in account to easily keep above the threshold, I do the 3 main moon faucets, bonusbitcoin and bitfun and then convert the Doge and Litecoin to btc for free on their coinpot microwallet and transfer out the btc to freebitco.in when I hit 50k satoshies to not have fees.

thanks for the suggestion I'll give it a try.

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siddartha1492
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In love with Bitcoin!! 💓


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October 14, 2017, 04:16:55 AM
 #3517

Guys we are missing a main thing about mining here. We are getting payments in Bitcoins, which are almost certain to rise in price after every few months. So, we are betting on that. Even if electricity costs are high, it can still translate to profits in future. And plus if we are running it when we are already using the PC, then there is no less.
One thing that can be improved is that Freebitco develops it's own browser miner, instead of taking the services of Coinhive. That would really save us 30% fees, as someone mentioned it earlier. I am sure it would not be very difficult for the freebitco team. Swissads is using faucethub miner, maybe team should look into that option as well. It could be that faucethub is more profitable than the coinhive.

Pamadar
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October 14, 2017, 04:41:20 AM
 #3518

Guys we are missing a main thing about mining here. We are getting payments in Bitcoins, which are almost certain to rise in price after every few months. So, we are betting on that. Even if electricity costs are high, it can still translate to profits in future. And plus if we are running it when we are already using the PC, then there is no less.
One thing that can be improved is that Freebitco develops it's own browser miner, instead of taking the services of Coinhive. That would really save us 30% fees, as someone mentioned it earlier. I am sure it would not be very difficult for the freebitco team. Swissads is using faucethub miner, maybe team should look into that option as well. It could be that faucethub is more profitable than the coinhive.
for those who really aiming to hold and invest their time with btc this mining from freebit will add up with the rewards as well, in which we can be beneficiary
after the btc value really jumped so high, I also collecting some satoshi even in a small form so instead of wasting time I also given myself a time to collect
more and more, thanks freebit for doing this mining features.

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bitcoworld
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Bitco World will change all :)


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October 14, 2017, 10:23:25 AM
 #3519

Here my Earnings and Referrals



Here my Stats Site:


StelioKontos
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October 14, 2017, 10:29:08 AM
 #3520

LOL I have 5 referrers

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