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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 415408 times)
wetsuit
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August 12, 2016, 04:34:30 AM
 #1181

Nice to see there is something new on this faucet, reward points that can be redeemed with some stuffs like the newest mobile phone. My question, can we keep the reward points as long as we want or it will be expired after some period of time?

Reward points will never expire.

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August 12, 2016, 10:26:21 AM
 #1182

Just noticed that rewards points option has been added there, listed products are very attractive especially in electronics section, I would like to give try to collect some points for cellphones there and now I will be more active there on regular basis.
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August 12, 2016, 11:24:29 AM
 #1183

Hello
It good to see one of my favorite faucets are putting up more rewards. Good Luck to the admins on the new feature.I hope I can an iPhone soon Cheesy that would be so much of a jackpot!!
Happy fauceting!!

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August 12, 2016, 09:22:34 PM
 #1184

1 reward point is 13 satoshi and you get 2 per free spin and 1 per referral spin.
You need 100k points to cash out. Sounds like a crap deal to me.
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August 12, 2016, 10:09:15 PM
 #1185

1 reward point is 13 satoshi and you get 2 per free spin and 1 per referral spin.
You need 100k points to cash out. Sounds like a crap deal to me.
Even its a crap i think its still useful for those newbie out there they are happy that they are getting some rewards in this faucet..
I know this faucet before and i am one of the members when i was newbie in this forum.

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August 13, 2016, 01:57:02 AM
 #1186

Last December 2015 I've discover this website, but I can't see any proof of lottery winner transaction. Can someone help me to find a proof of lottery winner? So that I can trust the lottery and by some ticket, Faucet is legitimate.
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August 13, 2016, 05:01:22 AM
Last edit: August 13, 2016, 06:24:43 AM by whanethewhip
 #1187

Do you have a list of rewards and how much rewards we need to get before we can get those rewards. or redeem the rewards?

They have it listed under the "rewards" menu item. I can't paste the URL because the site is framed.

Another attempt to attract more participants because of bonus points. I think that this event will get the conclusion that they do not redeem the points.

This is going to sound super critical, and it sort of is. But I do like the site. In fact when I was doing faucets just to get my feet wet with BTC, I stopped using all of them after a week, except for two including freebitco.in simply because I like how the site is setup an it's very casual to claim every so often. I keep hoping for a high roll but nothing but the lowest so far.

That being said, I agree with Jonar21 that there will be very few redeems because most of them are simply next to impossible to achieve. For example: The primary reward they list at the top of the rewards page is option to "ENCASH YOUR POINTS" which means you can trade in 1 reward point for 13 satoshi. The problem however is that there is a minimum redeem of 100,000 rewards points to use the encash. Anyone failing to do the math might be lured by the promotion, but the reality is, it would take the average user 5.7 years to earn that many reward points, and this is assuming that the user rolls every hour of every day... for 5.7 years. 2 reward points every hour = 48 points per day. 48*365=17,520 (points per year) and 100,000/17,520 = 5.7 years.

You get one RP for each roll of a referral too, but you have the same problem of lack of consistency, no one is going to be able to roll every hour of every day for x number of months or years so the accumulation of RP by referrals probably wont be much help towards earning 100,000 RP.

And then you earn 1 point for every 6500 you gamble, or another way of putting it, you earn 13 satoshi for every 6500 satoshi that you eventually lose. Wink

Seriously, no one will ever encash 100,000 rp.

There are other ways to redeem RP listed below the encash option. Such as an APPLE IPHONE 6S (128 GB) for 12,653,333 RP (733 years). There is a way to multiply the amount of RP you get per roll, but this cost RP and it only increases your multiplier for 24 hours. For example, if you spend 18 RP then you get 1 additional RP per roll. The only way to make this profitable is to play 19 hours in one day, and then you only profit by 1 RP. So this too is not worth it. There are other higher multipliers, but you have to also spend more RP to activate them. I can't imagine anyone rolling more than 6 times a day which means you are at your keyboard 6 hours which means you LOSE RP doing this.

The only redeem option I like
I do like the bonus BTC rewards. By spending RP you can increase how much you get per roll. For example, spend 48 RP and you get 10% more Satoshi per roll for the next 24 hours. 240 RP for a 50% increase is probably the single best reward in terms of time. You actually earn the same amount regardless of which one of these rewards you choose, but 50% for 240 saves you time because if you do the 10% for 48 then you have to be more active on the site for 5 days instead of just active on the site for 1 day to earn the same BTC bonus. There is still a problem with this reward though because there is no incentive to hold out for the 100%, 500%, or the 1000% because the bonus per RP is the same for all. This can be seen in this quick chart which assumes a base faucet roll of 340 Satoshi (you can enter any value and the result is the same, the bonus per RP does not change):

https://i.imgur.com/BeGa4d5.png

To give users an incentive to go for a higher % bonus, the website would have to reward a higher BTC per RP for this specific option. Rolling the faucet for 340 Satoshi every hour with an increase of .7 of 1 Satoshi for 6 hours = 4.2 Satoshi per RP. This seems low. If the encash option did not have a minimum, then at the very least, you could earn 13 satoshi per RP and not have to roll every hour for 6 hours. So, yes I'm very critical of this RP system simply because it seems next to impossible to encash, etc.

I think the Lottery is a much better lure for traffic to the site.
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August 13, 2016, 05:38:51 AM
 #1188

Last December 2015 I've discover this website, but I can't see any proof of lottery winner transaction. Can someone help me to find a proof of lottery winner? So that I can trust the lottery and by some ticket, Faucet is legitimate.

is this what you search?



you can check in Lottery section and in down below you can see the lottery list.

i don't have much luck to win lottery although i have up to 20 lottery for a week. maybe for me playing faucet is enough and i can earn bitcoin from there.

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August 13, 2016, 06:51:34 AM
 #1189

Last December 2015 I've discover this website, but I can't see any proof of lottery winner transaction. Can someone help me to find a proof of lottery winner? So that I can trust the lottery and by some ticket, Faucet is legitimate.

is this what you search?



you can check in Lottery section and in down below you can see the lottery list.

i don't have much luck to win lottery although i have up to 20 lottery for a week. maybe for me playing faucet is enough and i can earn bitcoin from there.

I dont think this is what he is asking for, proof of winners should be something that showing us the winners are real. Something like a confirmation from the winners with some others evidences like screenshot or txid that they won it.

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August 13, 2016, 07:25:30 AM
 #1190

Last December 2015 I've discover this website, but I can't see any proof of lottery winner transaction. Can someone help me to find a proof of lottery winner? So that I can trust the lottery and by some ticket, Faucet is legitimate.

There is no option to check the transaction just only user id, which make lottery system very fishy but if you are using this only as faucet than it is one of the best faucet, I also think they need to improve their lottery system to make it fair and make visible every transaction regarding lottery winners.
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August 13, 2016, 07:31:04 AM
 #1191

Last December 2015 I've discover this website, but I can't see any proof of lottery winner transaction. Can someone help me to find a proof of lottery winner? So that I can trust the lottery and by some ticket, Faucet is legitimate.

There is no option to check the transaction just only user id, which make lottery system very fishy but if you are using this only as faucet than it is one of the best faucet, I also think they need to improve their lottery system to make it fair and make visible every transaction regarding lottery winners.

Yes i also believe that the lottery system is not 100% legit. I have tried to invest a lot of times in lottery system but i never won there.  Other than that FreeBitco.in is a good start for a person who wana earn bitcoins via Faucets.
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August 13, 2016, 07:54:22 AM
 #1192

Yes one can get free coins but the condition of withdrawing is killing in which you will be tempted to multiply then you lose everything all for you to start again and the lottery part is actually funny with the number of entries already you're not even sure of 0.00001% chance of winning. But the free coins is real as they claim...
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August 13, 2016, 01:02:28 PM
 #1193

Do you have a list of rewards and how much rewards we need to get before we can get those rewards. or redeem the rewards?

They have it listed under the "rewards" menu item. I can't paste the URL because the site is framed.

Another attempt to attract more participants because of bonus points. I think that this event will get the conclusion that they do not redeem the points.

This is going to sound super critical, and it sort of is. But I do like the site. In fact when I was doing faucets just to get my feet wet with BTC, I stopped using all of them after a week, except for two including freebitco.in simply because I like how the site is setup an it's very casual to claim every so often. I keep hoping for a high roll but nothing but the lowest so far.

That being said, I agree with Jonar21 that there will be very few redeems because most of them are simply next to impossible to achieve. For example: The primary reward they list at the top of the rewards page is option to "ENCASH YOUR POINTS" which means you can trade in 1 reward point for 13 satoshi. The problem however is that there is a minimum redeem of 100,000 rewards points to use the encash. Anyone failing to do the math might be lured by the promotion, but the reality is, it would take the average user 5.7 years to earn that many reward points, and this is assuming that the user rolls every hour of every day... for 5.7 years. 2 reward points every hour = 48 points per day. 48*365=17,520 (points per year) and 100,000/17,520 = 5.7 years.

You get one RP for each roll of a referral too, but you have the same problem of lack of consistency, no one is going to be able to roll every hour of every day for x number of months or years so the accumulation of RP by referrals probably wont be much help towards earning 100,000 RP.

And then you earn 1 point for every 6500 you gamble, or another way of putting it, you earn 13 satoshi for every 6500 satoshi that you eventually lose. Wink

Seriously, no one will ever encash 100,000 rp.

There are other ways to redeem RP listed below the encash option. Such as an APPLE IPHONE 6S (128 GB) for 12,653,333 RP (733 years). There is a way to multiply the amount of RP you get per roll, but this cost RP and it only increases your multiplier for 24 hours. For example, if you spend 18 RP then you get 1 additional RP per roll. The only way to make this profitable is to play 19 hours in one day, and then you only profit by 1 RP. So this too is not worth it. There are other higher multipliers, but you have to also spend more RP to activate them. I can't imagine anyone rolling more than 6 times a day which means you are at your keyboard 6 hours which means you LOSE RP doing this.

The only redeem option I like
I do like the bonus BTC rewards. By spending RP you can increase how much you get per roll. For example, spend 48 RP and you get 10% more Satoshi per roll for the next 24 hours. 240 RP for a 50% increase is probably the single best reward in terms of time. You actually earn the same amount regardless of which one of these rewards you choose, but 50% for 240 saves you time because if you do the 10% for 48 then you have to be more active on the site for 5 days instead of just active on the site for 1 day to earn the same BTC bonus. There is still a problem with this reward though because there is no incentive to hold out for the 100%, 500%, or the 1000% because the bonus per RP is the same for all. This can be seen in this quick chart which assumes a base faucet roll of 340 Satoshi (you can enter any value and the result is the same, the bonus per RP does not change):



To give users an incentive to go for a higher % bonus, the website would have to reward a higher BTC per RP for this specific option. Rolling the faucet for 340 Satoshi every hour with an increase of .7 of 1 Satoshi for 6 hours = 4.2 Satoshi per RP. This seems low. If the encash option did not have a minimum, then at the very least, you could earn 13 satoshi per RP and not have to roll every hour for 6 hours. So, yes I'm very critical of this RP system simply because it seems next to impossible to encash, etc.

I think the Lottery is a much better lure for traffic to the site.

I don't think the rewards are that difficult to achieve, We have already had a few people encash a few hundred k points each and a few more who have collected 1 million+ in points. By using your RP strategically it is possible to gather a much larger amount and then use that to increase your free play bonus by 1,000%. I made the system so that people would have to put more thought into maximising their rewards rather than just playing the boring faucet all day.

PS: Also, you get 1 point for wagering 6,500 satoshi (even at odds for 1.01), not for "losing" that amount.

As for people asking about winning the lottery, if I remember correctly quite a few people had posted about winning it here: https://bitcointalk.org/index.php?topic=319540.0

People post about winning the lottery sometimes and then a month or two passes and then other start asking why nobody posts about winning the lottery and then some start throwing accusations that the lottery is a scam.

I stated this earlier but if someone can figure out a way to implement a provably fair lottery with a variable number of tickets given out each round, I would be happy to implement it. So far I haven't been able to figure out how to do it myself.

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August 13, 2016, 06:20:26 PM
Last edit: August 13, 2016, 06:31:17 PM by whanethewhip
 #1194

I don't think the rewards are that difficult to achieve, We have already had a few people encash a few hundred k points each and a few more who have collected 1 million+ in points.

The RP system is what... 2 days old? And some people have 1 MILLION RP already? I'd love to see them post with a screenshot, or better yet, a video because that is hard to envision.

They would have to earn on average 20,833 RP per hour, using the faucet, that means that they would have to use it every hour, and that they would have to have 20,831 referrals under them that also use it every hour.

Or, if they were gaining the RP through gambling, and gaining 1 RP for every 6500 satoshi, then they would be gambling with 1.35401500 BTC EVERY HOUR. To gamble your way into into 1 million RP in two days means that you would have to gamble with 64.99272000 BTC. These are astonishing values. I won't even address the high risk of losing that someone would have to face, just to get RP.

By using your RP strategically it is possible to gather a much larger amount and then use that to increase your free play bonus by 1,000%. I made the system so that people would have to put more thought into maximising their rewards rather than just playing the boring faucet all day.

I agree that there is a strategy for gaining RP, but it has little to do with the 1000% roll bonus. The 1000% roll bonus is a satoshi bonus, not an RP bonus.

There is however the rewards points bonus. But to use it to gain more rewards means that you would have roll every hour for 24 hours. This is because the break even point is 18 hours. For example, you can gain 10 extra RP per roll if you first spend 180 RP to get the bonus. You would have to be very vigilant and not sleep for 24 hours just to earn a total of 60 additional RP. And that 60 RP would only be gained during hours 19 - 24. Of course this means you have to be rolling every hour on the hour and if you miss one by a minute then you only gain 50 RP.

Chart:
https://i.imgur.com/BmmVEG1.png

Unlike the satoshi bonus that has no incentive for users to wait for the 1000% bonus, the RP bonus does have an incentive, more RP per RP spent. But is this enough for a few users to gain 1 million RP in 2 days? No. The best paying RP bonus is the 4th one, you spend 1800 RP to get +100 rp per hour. After 18 hours you finally begin to profit and if you make it the full 24 hours, then you get +600 RP. If you did the same thing on day 2, you get another 600 RP. Togethor that's 1200 RP... this is no where close to a million, or the 100,000 encash requirement. Using this "strategy" to gain 100,000 RP would require 166 days. Using this "strategy" to gain 1 million RP would require 1666 days (4.5 years), and someone would have to be at the keyboard to roll... every hour... for 4.5 years.

PS: Also, you get 1 point for wagering 6,500 satoshi (even at odds for 1.01), not for "losing" that amount.

I still lose at 1.01, a lot. And when I lose I lose what I gambled, and when I win, I win 0.00000000. Sure, I win more often, but what does it matter if win value is nothing? This is why I say, to gamble to gain RP, is to lose satoshi, or another way of looking at it, 1 RP cost 6500 satoshi. Yet using encash to gain 13 costs 1 RP. On the one hand 1 RP = 6500 satoshi, on the other hand 1 RP = 13 satoshi, always in favor of the site.

https://i.imgur.com/6MPIpQ3.png

In the end it's still the same, to earn that RP for gambling 6500 satoshi, is to lose 6500 satoshi. If gambling favored the gamble and not the house, then this site would no longer be up. I have tried to game this, nothing works. The win/lose ratio drastically leans to consequetive losses in a row when doubling the bet. A truly random system would not do this. But people still play, for the same reason they play in Vegas, it can be fun.

Even when combined: staying up 24 hours a day and rolling every hour, having 20,000+ active referrals, gambling, and using the RP bonus option, I don't see how anyone could reach 1 million RP in a couple of days. I want to believe in this system, show me where I'm wrong, show me someone with 20,000 active referrals that roll every hour, or if they roll 12 times a day, then it needs to be 40,000 referrals, or 60,000 active referrals if they roll 6 time a day. I like the site, I like the faucet, but I don't see much value in RP, except to get a bit more satoshi when rolling. And I still say that the lottery is the best lure you have, assuming people get paid.
d@nte
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August 13, 2016, 06:22:03 PM
 #1195

One of the few decent options
wetsuit
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August 14, 2016, 04:34:13 AM
 #1196

Here is a screenshot of the top 10 users ordered by RP in the database

 

And 4 users have already redeemed their points for cash (amount in satoshi)



Of course these points haven't been accumulated only via rolling for free, there is a limit on how much can be given out via the faucet since the website only has limited advertising now (after google adsense banned it). However, I do try to give out as much as is possible (currently we give out more than 5 BTC a day to free users) and to maintain the current rewards, we count on users playing the dice game since we do not make money on any of the other stuff (when you buy lottery tickets the full amount is added to the prize pool) and current advertising revenue only covers 10% of the free play payouts on good days (5% most days).

boumalo
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August 14, 2016, 09:40:00 AM
 #1197

The website has evolved nicely keeping the free lottery and generous referral program that have worked and adding an automatic lottery and deposits.

Is there a thread where I can post my referral link ?

LLec
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August 14, 2016, 10:27:25 AM
 #1198

why not add same features in freedoge.co.in?
I mean referral system and rewards points!

By the way this is one of the best faucet (and historic one!) thanks for running so good!
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August 14, 2016, 10:58:18 AM
 #1199

Is there a thread where I can post my referral link ?
No there's no thread where you could share your refferal link if someone would make one it would only lead to referral spam which is against the forum's rule. The only way you can share them is by adding it in your signature.

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August 14, 2016, 12:21:53 PM
 #1200

my first faucet ever Cheesy i really love this website i remember those days that im a newbie in bitcoin world where i use to search on my browser where i can easily earn bitcoin and some faucets are pop up and the one of the best i use is this freebitco.in Cheesy i love this it helps me to earn that day and  i am very happy and thankyou Cheesy
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