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Author Topic: FreeBitco.in - Win free Bitcoins every hour!  (Read 244755 times)
Food2
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June 19, 2017, 12:48:26 AM
 #3081

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.
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June 19, 2017, 12:56:46 AM
 #3082

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

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Food2
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June 19, 2017, 01:14:04 AM
 #3083

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

Haha, let's agree to disagree Smiley

To my point though, wetsuit (site admin) has previously stated that he is still calculating the amount of extra BTC on the faucet that can be given while still remaining profitable, meaning that contrary to chineseprancing's remarks, I do not feel that freebitco.in will go bankrupt due to increased faucet claims. Freebitco.in makes a killing from the 5% house edge on their hi-lo game, so if they wanted to kill the faucet, they could've and would've done it long ago... There is a reason they keep it running Smiley
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June 19, 2017, 01:32:59 AM
 #3084

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

Haha, let's agree to disagree Smiley

To my point though, wetsuit (site admin) has previously stated that he is still calculating the amount of extra BTC on the faucet that can be given while still remaining profitable, meaning that contrary to chineseprancing's remarks, I do not feel that freebitco.in will go bankrupt due to increased faucet claims. Freebitco.in makes a killing from the 5% house edge on their hi-lo game, so if they wanted to kill the faucet, they could've and would've done it long ago... There is a reason they keep it running Smiley

If I'm not wrong most of the faucet users never withdraw money because either they end up losing money in hi-low game or wasting money in a lottery system. Because as you said with 5% house edge and with that much small amount no one can win money from their hi-low game. And in a lottery system, no one knows how they are picking the winner and mostly they may pick the one which they want for the first price and smaller ones may be given to other members. Since they don't have a system to prove they are honest so we can assume these things for now. So they are always in a profit but only people are either wasting their time or money.

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Food2
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June 19, 2017, 02:16:20 AM
 #3085

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

Haha, let's agree to disagree Smiley

To my point though, wetsuit (site admin) has previously stated that he is still calculating the amount of extra BTC on the faucet that can be given while still remaining profitable, meaning that contrary to chineseprancing's remarks, I do not feel that freebitco.in will go bankrupt due to increased faucet claims. Freebitco.in makes a killing from the 5% house edge on their hi-lo game, so if they wanted to kill the faucet, they could've and would've done it long ago... There is a reason they keep it running Smiley

If I'm not wrong most of the faucet users never withdraw money because either they end up losing money in hi-low game or wasting money in a lottery system. Because as you said with 5% house edge and with that much small amount no one can win money from their hi-low game. And in a lottery system, no one knows how they are picking the winner and mostly they may pick the one which they want for the first price and smaller ones may be given to other members. Since they don't have a system to prove they are honest so we can assume these things for now. So they are always in a profit but only people are either wasting their time or money.

That will hopefully soon be changed, as users have submitted algorithms for wetsuit to use to show the lottery is provably fair, and he will be picking one shortly.

I also agree with you, in that users do not end up withdrawing for various reasons, and so the faucet is much more profitable than it may initially seem.
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June 19, 2017, 09:51:49 AM
 #3086

***The following is my updated algorithm for determining the lottery winners***



Ok, so this uses your already provably fair method for determining rolls.
----------------------------------------------------

At the start of the round, have the server create a seed, and display that seed hashed to the public on the lottery page. At the end of the round, automatically post an excel spreadsheet to Dropbox (I believe they have an API) showing the acquired tickets for the round and who they belong to (like this: https://docs.google.com/spreadsheets/d/16FCMiXgVXI9unoFMm2qgCoK7gGA5BaZqth2BCoddT7k/edit?usp=sharing). Posting the file to Dropbox leaves an upload timestamp created by a server INDEPENDENT of freebitco.in, meaning the file cannot be tampered with or it would be evident in the timestamp.

[...]


using such a spreadsheet in Dropbox does have some big disadvantages (in my opinion):

a) the size of file can get gigantic:
imagine tons of entries with just 1 or 2 tickets (from free rolls). lets calculate. 8 byte for timestamp, 4 byte for userID, 8 byte for ticket window (2 integers) makes a total of 20 bytes for possibly each ticket. say that we have only entries with 2 tickets, that would mean we could have 50 million entries in the spreadsheet. That is around 1 Gigabyte of Data. This will also grow with more active users. Also it gets very messy and confusing to quickly find the winning ticket number.

b) you are relying on 3rd parties
Using dropbox (or any other "trustworthy" partner) is always a risk for freebitco. If dropbox is not available, we cannot draw lottery winners. Are we willing to risk that? What if dropbox changes their services, APIs, or financial plans?

c) you are publishing sensitive data
publishing the exact date and amount of aquired tickets combined with the userID they belong to will reveal many other things as well. Now everybody can track specific users, check when they received tickets (and with that, they can backtrace the action you did (playing free rolls? 2 tickets. 100k tickets? probably bought directly. 12489 tickets? oh, you probably bet 12489*1500 (current rate) = 18,773,000 satoshis in high-lo game. Now you can also see a users Referer, since he will also receive 1 ticket at the same time you receive 2 from a free roll. With the timestamp you can now find out at which times of the day a user is active which will be an indicator of his timezone. This is a leak of personal data many people should be concerned of.

http://freebitco.in/?r=4021713&tag=tlk 100%refback
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June 19, 2017, 10:09:30 AM
 #3087

~snip~
But you can increase your FREE BTC rewards with the reward points. My reply wasn't about how to get lottery tickets.
Oh, silly me, i thought i can get +1500 satoshi every hour as a reward for wagering and/or buying tickets without using reward points.
I should wear glasses.  Embarrassed
But what is this 79 satoshi bonus and 28.83% achieved?

~blah~
Please read how provably fair system works  Roll Eyes

About 2 to 3 years ago 1000+ Satoshi per hour was the average pay out for this faucet. Even then people complained about the pay out being too

little.

Examples of some of my withdrawals :
2014-11-06 12:49:29 ------->  0.00300000 BTC

2015-06-14 04:52:09 ------->  0.00427200 BTC

2015-07-19 02:56:08 ------->  0.00061509 BTC

These was paid out on a weekly basis and has some value now. So the 100 some odd Satoshi you earn per free roll now, might have some value

in the future too.  Grin

I absolutely agree with this, when Bitcoin hits $10k, which is quite possible in the nearest future, those 80 sats which we get as the minimum reward there will not look as small as it is now.

And yes, I remember the times when BTC was under $200 and they were paying 1000+ Satoshis per hour. I also was withdrawing more than 100k sats per week back then.

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June 19, 2017, 03:53:30 PM
 #3088

~snip~
But you can increase your FREE BTC rewards with the reward points. My reply wasn't about how to get lottery tickets.
Oh, silly me, i thought i can get +1500 satoshi every hour as a reward for wagering and/or buying tickets without using reward points.
I should wear glasses.  Embarrassed
But what is this 79 satoshi bonus and 28.83% achieved?

~blah~
Please read how provably fair system works  Roll Eyes

About 2 to 3 years ago 1000+ Satoshi per hour was the average pay out for this faucet. Even then people complained about the pay out being too

little.

Examples of some of my withdrawals :
2014-11-06 12:49:29 ------->  0.00300000 BTC

2015-06-14 04:52:09 ------->  0.00427200 BTC

2015-07-19 02:56:08 ------->  0.00061509 BTC

These was paid out on a weekly basis and has some value now. So the 100 some odd Satoshi you earn per free roll now, might have some value

in the future too.  Grin

I absolutely agree with this, when Bitcoin hits $10k, which is quite possible in the nearest future, those 80 sats which we get as the minimum reward there will not look as small as it is now.

And yes, I remember the times when BTC was under $200 and they were paying 1000+ Satoshis per hour. I also was withdrawing more than 100k sats per week back then.

That is my point.... People will go back to these faucets in search of those lost Satoshi's they had in these faucets. I am a big believer in people

forfeiting their Satoshi's when they have not claimed them within a year from the faucet. {Yes, the owner have control over these "lost" Satoshi,

but people should be a bit more responsible with their small change} The big secret to the success of faucets are not the odd 80 Satoshi's you

get from the FREE BTC, but rather from the Satoshi they get from the referral network.  Grin

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June 19, 2017, 03:57:09 PM
 #3089

Website giving out bonuses freebitco.in is the best of all. Greediness in this game was not effective, freebitco.in is legit, but you cannot win to this game using Hi-Lo if you have no enough Bitcoin to use.
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June 19, 2017, 11:56:56 PM
 #3090

Website giving out bonuses freebitco.in is the best of all. Greediness in this game was not effective, freebitco.in is legit, but you cannot win to this game using Hi-Lo if you have no enough Bitcoin to use.

That's right as this is more of a faucet then a gambling site but still I see people trying to make it big on the hi lo game and end up losing everything because they get too greedy. I just use the faucet and leave the claims build up to earn daily interest which I think is better then risking it on the hi lo game.



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.BITVEST DICE.
HAS BEEN RELEASED!


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June 20, 2017, 01:16:50 AM
 #3091

Website giving out bonuses freebitco.in is the best of all. Greediness in this game was not effective, freebitco.in is legit, but you cannot win to this game using Hi-Lo if you have no enough Bitcoin to use.

With such a high house edge even though you have a huge bankroll still you can't win money from this hi-low game. Many sites got just around 1% house edge and still no one can win in the long run but with 5% house edge, it is impossible to win money. But site owner will make a lot of money from this game.

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June 20, 2017, 02:49:49 AM
 #3092

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

If I not mistaken here, some of them said that their aource of money is coming from their ads but I do not see that their site is full of ads which I do not really know how can they pay more than 2 btc on each week. If this continues I can guarantee that every week they have more than 5 btc incomes

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June 20, 2017, 03:29:53 AM
 #3093

LUCKY NUMBER            PAYOUT
0 - 9885              ----->0.00002280 BTC
9886 - 9985         ----->0.00002205 BTC
This is mine in freebitco.in. Can anyone explain why?







1MtEaqRv2NzoEUV549eRErGBgtFioHEk7b

████      ⓉⓉⓉ  ICO - 15th Sept to 20th Oct   ⓉⓉⓉ                              ⊵⊵⊵⊵⊵ TRENDING.me ⊴⊴⊴⊴⊴
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June 20, 2017, 05:43:56 AM
 #3094

PM me a screenshot and your user ID and I'll look in to what's going on. Thanks.

LUCKY NUMBER            PAYOUT
0 - 9885              ----->0.00002280 BTC
9886 - 9985         ----->0.00002205 BTC
This is mine in freebitco.in. Can anyone explain why?

1MtEaqRv2NzoEUV549eRErGBgtFioHEk7b

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June 20, 2017, 06:29:25 AM
 #3095

Well, i couldn't take a screenshot due to some reason. But i think i have a bonus

████      ⓉⓉⓉ  ICO - 15th Sept to 20th Oct   ⓉⓉⓉ                              ⊵⊵⊵⊵⊵ TRENDING.me ⊴⊴⊴⊴⊴
    █      ⓉⓉ  Reducing weekly bonus during ICO  ⓉⓉ              ✔ Earn Trends with your fashion style and attire.
    █          ⓉⓉⓉⓉⓉⓉ  TRENDS ICO  ⓉⓉⓉⓉⓉⓉ                   ►  ANN ThreadWhitepaperWebsiteBounty
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June 20, 2017, 07:44:47 AM
 #3096

LUCKY NUMBER            PAYOUT
0 - 9885              ----->0.00002280 BTC
9886 - 9985         ----->0.00002205 BTC
This is mine in freebitco.in. Can anyone explain why?







1MtEaqRv2NzoEUV549eRErGBgtFioHEk7b

you probably took the 1000% bonus paid with 3600 RewardPoints. This bonus is only for the 0-9885 payout, which is increased by 1000%. This effectively increses it to 11x, while the next tier is only 10x and it does not get amplified by the bonus. 

http://freebitco.in/?r=4021713&tag=tlk 100%refback
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June 20, 2017, 09:34:06 AM
 #3097

I have found recent;y that i also have a +1,3k satoshis bonus. dunno where this bonus is?

████      ⓉⓉⓉ  ICO - 15th Sept to 20th Oct   ⓉⓉⓉ                              ⊵⊵⊵⊵⊵ TRENDING.me ⊴⊴⊴⊴⊴
    █      ⓉⓉ  Reducing weekly bonus during ICO  ⓉⓉ              ✔ Earn Trends with your fashion style and attire.
    █          ⓉⓉⓉⓉⓉⓉ  TRENDS ICO  ⓉⓉⓉⓉⓉⓉ                   ►  ANN ThreadWhitepaperWebsiteBounty
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June 20, 2017, 10:05:13 AM
 #3098

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

If I not mistaken here, some of them said that their aource of money is coming from their ads but I do not see that their site is full of ads which I do not really know how can they pay more than 2 btc on each week. If this continues I can guarantee that every week they have more than 5 btc incomes

nope,think the owner pointed out that the majority of the site's income comes from their hi/low game
it is 5% house edge,so it MUST be really profitable,especially when there is such a big players base
the faucet itself cannot be profitable,as there are almost no ads on site
it used to be at least 3 banners,but there was all sort of scam and hyip and virus stuff,that it was easier to remove the whole thing than control it

.BITSLER.                 ▄███
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Csmiami
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Online doesn't mean on keyboard :)


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June 20, 2017, 10:44:44 AM
 #3099

http://imgur.com/qxsh1Wt.

So which one should I make? Huh Not the first time it has happened so maybe theres some kind of bug or sth @wetsuit @Myfe

TropicalDog17
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June 20, 2017, 10:51:19 AM
 #3100

Try clicking the reload button on your SolveMedia

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