erre
Legendary
 Offline
Activity: 1400
Merit: 1110
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March 08, 2017, 05:51:04 PM |
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Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?
We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable. You misunderstood me  I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power? Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them. Sorry, but this sounds fishy to me. I'm with you from the start, my ref number is 78, i still constantly use your faucet as a way to check bitcoin price and i have spammed it everywhere during the first times, althought my ref income is low After many years and many shitstorms, seeing how your site managed to remain smooth and clean, i started to think to freebitco.in as one of the most trusted entity of the bitcoin ecosystem, but when today i saw the "money from nothing" announce i got worried and come here to check. If you want to start a mining operation i think that you might need a different site or at least a link to a detailed thread in this forum, because you know why this community is concerned about cloud mining operations, and on freebitco.in i actually can't read anything about cloud mining. I whish you the best luck, Erre |
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spatifilium
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March 08, 2017, 09:20:22 PM |
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I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this
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klf
Legendary
Offline
Activity: 1344
Merit: 1000
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March 09, 2017, 01:47:58 AM |
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I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this
Maybe that is the strategy what they also want to use because most of the people will not gamble on this site due to their high house edge but when you already have a funds readily available then people may temp to try their luck and end up lose more money than they earn from the interest. But it is a good move from the site. |
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kotwica666
Legendary
Offline
Activity: 1820
Merit: 1034
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March 09, 2017, 02:35:07 AM |
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I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this
Well done Sherlock! 
Maybe that is the strategy what they also want to use because most of the people will not gamble on this site due to their high house edge but when you already have a funds readily available then people may temp to try their luck and end up lose more money than they earn from the interest. But it is a good move from the site.
It is much more complicated. Of course it is about hi-low game. When you have money more closer to gambling game it is much easier to spend them. But this idea is much more interesting.. They have already huge group of "clients". Around 30 -40% of Bitcoin users know what is freebitco.in - it means that they already have very big trust points in cryptocurrency community - now they just need to open something like sports betting or lending service Waiting for that! Good luck guys! |
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spatifilium
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March 09, 2017, 11:40:41 AM |
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If you do not have large sums of BTC you can not earn much
maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank
maybe he's going to freebitco.in visa debit card, a logical step forward
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Dav7
Full Member
Offline
Activity: 266
Merit: 104
Making Money Online since 2006
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March 09, 2017, 11:46:53 AM |
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If you do not have large sums of BTC you can not earn much
maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank
maybe he's going to freebitco.in visa debit card, a logical step forward
one thing I know for sure, OP is doing well planned steps each time. If he goes that way it's because it is a viable option for the good of him and members! |
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BitSat
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March 09, 2017, 01:12:20 PM |
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If you do not have large sums of BTC you can not earn much
maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank
maybe he's going to freebitco.in visa debit card, a logical step forward
He is not forcing any one to deposit its faucet and if you want interest then keep your coins if not then you can withdraw as usual its simple you cannot say its ponzi for other promotions if he is doing work then its not bad at all as any one have right to improve his income |
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jamyr
Sr. Member
Offline
Activity: 994
Merit: 270
m&m - merits and more-ons
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March 09, 2017, 01:26:22 PM |
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I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).
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#MaskLigtas - Successful. Thanks to unibtc for his generosity. #BeSeekLetAforEveryJuan |
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LuanX3
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March 09, 2017, 01:52:01 PM |
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I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).
I would say it was successful because of the name. People really believed it was free and that you'll get free bitcoins. But in reality the website was not a faucet site but really a gambling site where a lot of new bitcoin users get addicted to it and by trying to get the jackpot every time. I think more than 50% of current bitcoin users have used freebitco.in when they started. |
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wetsuit
Legendary
Offline
Activity: 981
Merit: 1018
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March 09, 2017, 07:08:23 PM
Last edit: March 09, 2017, 07:22:08 PM by wetsuit |
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Sorry about that. We changed our wallet because the old one had become massive and it started double-spending from old outputs that were already sent before. We are trying to fix this asap and all payments will be resent as soon as possible. |
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agustina2
Legendary
Offline
Activity: 1470
Merit: 1003
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March 09, 2017, 07:13:15 PM |
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I would say it was successful because of the name. People really believed it was free and that you'll get free bitcoins. But in reality the website was not a faucet site but really a gambling site where a lot of new bitcoin users get addicted to it and by trying to get the jackpot every time. I think more than 50% of current bitcoin users have used freebitco.in when they started.
No. The site is purely on faucet and not as a gambling site. The gambling site is just an additional features by them but for year/s they are only on faucet activity without anything else included. And I think their gambling game is not that appealing even with the new bitcoin users so Im disagree for your sayings that lot of new bitcoin users get addicted to this. They become succesful because they are one of the highest paying faucet back then. I used to experienced their 1,000 satoshis reward per hour back then when the bitcoin price is still on $200 above IIRC. |
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spatifilium
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March 09, 2017, 09:29:13 PM |
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If you do not have large sums of BTC you can not earn much
maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank
maybe he's going to freebitco.in visa debit card, a logical step forward
He is not forcing any one to deposit its faucet and if you want interest then keep your coins if not then you can withdraw as usual its simple you cannot say its ponzi for other promotions if he is doing work then its not bad at all as any one have right to improve his income I'm just saying because it is suddenly, and that no one has. I have not suggested that he goes ponzi but it is one speculation if I'm not mistaken last year is coinwallet.co giving interest, and in the end was robbed and closed and perhaps only to increase gambling in a casino, since on youtube there are all kinds of instructions how to get on freebitco.in casino |
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LTU_btc
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March 09, 2017, 11:17:50 PM |
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I'm really interested in recent news from freebitco.in. Again, it prooves that it's more than faucet. But there one thing isn't clear for me - is is these 4.08% annual interest rate is fixed or it can change in longer period?
And, can I create second account on freebitco.in? I want to use one account for faucet and another for investment.
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wetsuit
Legendary
Offline
Activity: 981
Merit: 1018
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March 10, 2017, 05:15:31 AM |
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I'm really interested in recent news from freebitco.in. Again, it prooves that it's more than faucet. But there one thing isn't clear for me - is is these 4.08% annual interest rate is fixed or it can change in longer period?
And, can I create second account on freebitco.in? I want to use one account for faucet and another for investment.
The interest rate is fixed at 4.08% and if we plan to lower it, we shall give atleast 30 days notice via the website and twitter ( https://twitter.com/freebitco). I'll add that to the FAQ soon. Yes, you can create a separate account but just play the free roll from 1 account and you will have no problems. |
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Kakmakr
Legendary
Offline
Activity: 2142
Merit: 1487
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March 10, 2017, 07:16:21 AM |
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Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?
We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable. You misunderstood me I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power? Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them. If you want to start a mining operation i think that you might need a different site or at least a link to a detailed thread in this forum, because you know why this community is concerned about cloud mining operations, and on freebitco.in i actually can't read anything about cloud mining. I whish you the best luck, Erre That would be a stupid move, because Freebitco.in has already won over the trust from many loyal users and they can just tap off on this reputation to launch new products. A whole new site will need a lot of marketing and building a trust relationship with new users, which they already have. If you have a existing loyal user base, you can build on top of that with ease. You can also lose that trust if you run a illegal cloud mining / Ponzi scheme, which they are saying that they are not doing.  Let's see how this pans out in the long run. ^smile^ |
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oaks05
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March 10, 2017, 07:44:48 AM |
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no complaints using your faucet here keep up the good work!
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piebeyb
Legendary
Offline
Activity: 1512
Merit: 1009
IDENA.IO - Proof-Of-Person Blockchain
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March 10, 2017, 08:42:10 AM |
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no complaints using your faucet here keep up the good work!
I think their site is already working well and to this day the faucets from freebitco.in not have many people to complain |
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Betwrong
Legendary
Offline
Activity: 2002
Merit: 1176
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March 10, 2017, 09:18:35 AM |
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no complaints using your faucet here keep up the good work!
I think their site is already working well and to this day the faucets from freebitco.in not have many people to complain They have been number one for years. I think when Bitcoin will be more accepted throughout the world the price of that site will be tens of millions of USD, because the site is a legend in Bitcoin world. |
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Bitinity
Legendary
Offline
Activity: 1778
Merit: 1142
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March 10, 2017, 09:39:34 AM |
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no complaints using your faucet here keep up the good work!
I think their site is already working well and to this day the faucets from freebitco.in not have many people to complain It is true they are great for the faucet, but as what have been addressed many times before about the lottery game. It would be so great improvement if they can implement provably fair system on the lottery game, it will bring much more users participating on the lottery game. |
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