FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[dmamigo]

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess 

I think the owner found a mistress who has a lot of demands 

It might be possible that the owner might have some expansion plans, for which the owner needs money.

[1604143473]

1604143473

[BitcoinMarshal]

So FreeBitco.in now allows user to get interest if the user mantain a balance of at least 30,000 satoshi (0.0003 BTC) in his FreeBitco.in account, the annual interest rate is quite good at 4.08% and is given daily, but I wonder how does the site generate enough revenue to give out all the interest? I think the admin wanted people to deposit big amount of Bitcoin into his site as investment, the reason is to cover the bankroll for his dice site.

Maybe some users would deposit a few Bitcoins to get interest alike a bank account as the interest rate is attractive, just my guess 

I think the owner found a mistress who has a lot of demands 

It might be possible that the owner might have some expansion plans, for which the owner needs money.

If you can read some above posts then check this one 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

[Lilmon]

Thank you for this, I'll make sure to try it

[Ryan Dugan]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

This is not true. Thier payouts are among the highest in the world of faucets and that's why they are mentioned almost by every site reviewing existing bitcoin faucets.

To be more precise you can get guaranteed $0.002 in BTC every hour, but also you can win up to $200 while claiming the faucet.

It's easy to play the faucet and you can gamble with their Hi-Lo game as well. What is interesting is getting referrals then have a passive income :-)

If you run your own faucet you can advertise this one and make nice refferal income if you get the right people who like to gamble at least once a day fpr free. You get their wins and loses so maybe ypu can make enough to buy lunch 2 or 3 times a month or a few beers. Netter than nothing and good to be passive income.

[NyxNoctalis]

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?

[BTCevo]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

[valta4065]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

Yeah I don't know how they managed to survive in fact...
It's a very old faucet but how did they manage to stay when so many others disappeared?

[torry28]

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?

This is what wetsuit has said

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.

And this when i asked,  

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?

We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.

The final decision still in your hand, but from his answer, i can say wetsuit is a honest guy.

[Kakmakr]

Is there any risk that the new savings thins (4% per year) is one of those ponzi schemes?

This is what wetsuit has said

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.

And this when i asked,  

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?

We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.

The final decision still in your hand, but from his answer, i can say wetsuit is a honest guy.

Really? Ok, ask Wetsuit to show you the regulatory approval for him to "offer" banking services to the public. There are several applications that needs to be done to operate as a bank. { Deposits / interest / withdrawals ....}

Where is the approval for a federal or state charter? All insured banks must comply with the capital adequacy guidelines of their primary federal regulator (Federal Reserve, FDIC, or OCC).

These regulations are put in place for people to show that they have capital to support its risk profile, operations, and future growth even in the event of unexpected losses.

If he says that he does not operate as a bank, then other regulatory approval is needed to operate a business where you pay dividends or "shares" or interest on deposits. ^hmmmmmmm^

[freemanjackal]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

true, advertisement is their main sourse of income, the house edge is too big for attracting great users, just those starting on bitcoins, and faucets gives a small amount but usefull for btc newbies

[spatifilium]

And small amounts of the purchases become something, you have to start somewhere, and it's free capital to start.

Question that bothers all is: why a site that gives so much now gives even interest?
Many skeptics appeared, and I am one of them,

As far as casino odds are 50-50 which is tempting, but still need to know that if I get someone loses and vice versa, and the house always gets even a small part

[BTCevo]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

Yeah I don't know how they managed to survive in fact...
It's a very old faucet but how did they manage to stay when so many others disappeared?

Because they have really attractive thing to give each new members like huge payput of hitting 10000 and lottery which give you really huge payout, more than 1 btc. And they keep on developing it though. The newest thing as I know for now is they provide some token that can be exchanged to others prize. They really developed their site and that is what make them is well known till this day

[Ryan Dugan]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

Yeah I don't know how they managed to survive in fact...
It's a very old faucet but how did they manage to stay when so many others disappeared?

I also wonder this . They also one of the highest paying if not the highest paying faucet of all. Less intrusive as well. They have been around for years it's amazing to think that. They were one of my first sites to visit when I started bitcoin.

[kotwica666]

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).

This site is really pretty addicted when you are on low rank on bct, this site is really hekpful for every newbie to earn some cash or may be if they are lucky enough they will need to get 10000 or may be win some lucky lottery to earn better. This site is not really bad even for experience people but sometimes gambler always want to get more and more that is why this site always not suitable for them

Even for newbie this site is useless as they are paying the lowest pay in faucet and their lottery system is fully manipulated and all new ids are getting winners which are most of them of site owners. Dice gambling is also very waste as their house edge is the highest

The only thing that will make you earn in this site is having many referrals that is active, but doing the faucet thing and the dice, oh come on, their house edge is way too high than all dice sites, except pocketdice.io.

This is just a faucet site and not a gambling site, so it is not a good idea to use their dice game. If one want to play the dice game, then go to any pure gambling site to play. But recently owner is trying his best in attract more people his site by adding many new features to the site. Still, it is best place for a newbie to earn some free coins.

Yeah, this is faucet site from the start but I think nowadays their dice games is pretty well known now and seems that many people are playing on their dice sites too to earn some lottery ticket, so I dont really think that they have bad influences on their dice games. The only thing is only they have huge house edge which is bad for a long run

As name stated it is named after the faucet itself and dice aswell as the lottery is just its feature but after the long the run their faucet is not profitable i think since their main advertisers turning down their advertising contract with them and it turns out that this site is relying to its dice site and the lottery so that they can survive, I can say that they where successfull with this but surely they will got a great success if they will just lower down their house edge since this is the main concern of the players and critics here.

Who said that faucet is a profitable thing to do? You are really wasting your time when you keep on doing it but when you have time to claim it, you may do it but to put it on a long term, I dont think it will do, because this is just a small amount. I dont think that they only get income from only dice games, people will sure put some advertisement on their site, this is their source of income as I can say. Dice only some part of it, because big whale dont want to play on their big house edge site

Yeah I don't know how they managed to survive in fact...
It's a very old faucet but how did they manage to stay when so many others disappeared?

I also wonder this . They also one of the highest paying if not the highest paying faucet of all. Less intrusive as well. They have been around for years it's amazing to think that. They were one of my first sites to visit when I started bitcoin.

When he was starting with faucet, Google AdSense was the main source of income. I don't remember if HI-LO game was from the beginning, or was added in the meantime, but slowly was more and more popular. He also had very good security against bots - that is very important. After time AdSense ban most of faucets and when income from other Ad Networks was not enough for other faucets, Freebitco.in have very good income from dice game..(other faucets don't have another source of income and die) In the meantime - next steps: lottery, reward points and now annual % and own mining farm.
I hope i help you

Edit: And ofcourse most important thing -  constantly growing number of loyal users for years
Just check this guys: http://www.alexa.com/siteinfo/freebitco.in
(for comparison: http://www.alexa.com/siteinfo/bitcointalk.org)

[freemanjackal]

they were actually my first btc site, and i usually visit the site and roll the faucet, and its not for the satoshis

[Ridwan.P]

The first site I know, and until now they have thousands of visitors

[Ressomility]

hi is it lottery of FreeBitco.in legit or scam

me i think not legit

[Barcode_]

hi is it lottery of FreeBitco.in legit or scam

me i think not legit

Actually many users on this forum have already pointed out to the admin of FreeBitco.in to show the provably fair system of their lottery draw, but I don't think the admin ever reply on this question before, I personally have not won any lottery after a period of 1 year using their site as a faucet, but anyway it is all free tickets from the claiming of their faucet, so nothing to complain about 

[Jacce]

hi is it lottery of FreeBitco.in legit or scam

me i think not legit

Even if it is legit, the chances of winning are abysmal. If you want to gamble, you are better off using a renowned dice site.

[Victorycoin]

hi is it lottery of FreeBitco.in legit or scam

me i think not legit

Actually many users on this forum have already pointed out to the admin of FreeBitco.in to show the provably fair system of their lottery draw, but I don't think the admin ever reply on this question before, I personally have not won any lottery after a period of 1 year using their site as a faucet, but anyway it is all free tickets from the claiming of their faucet, so nothing to complain about 

Every week there is a draw for the lottery, yet have not come across any regular person winning it, so who have been the ones winning the lottery? I wait to see a true winner. As a matter of fact, the odd for winning in dice game here is awkward, if not terrible. When you compare the odd here with any dice site out there, you will discover you had been extremely lucky to ever leave here with your deposit intact.

As for the interest on deposits, well I don't see him scamming anyone, but the bait would be when one turns around to want to multiple his/her deposit.