TheQuin
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December 04, 2017, 02:45:08 PM |
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I see I got some interesting reading to do. Thanks for pointing that link out. But isn’t provably fair supposed to use an algorithm that “balances nature”?
No. Nature is in no way involved. In short, it uses encryption to hash 2 strings (seeds) into hexadecimal numbers. One on the server and one on the client. By telling us the hash of the server seed in advance and allowing to change our client seed we can prove that the number was truly random when the 2 numbers are combined.
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hroub
Full Member
 
Offline
Activity: 378
Merit: 107
BCH Wallet: 1PmR3k4cA4YVy7r7RVgYdSjnon2A1aJSLk
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December 04, 2017, 03:33:23 PM |
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I see I got some interesting reading to do. Thanks for pointing that link out. But isn’t provably fair supposed to use an algorithm that “balances nature”?
No. Nature is in no way involved. In short, it uses encryption to hash 2 strings (seeds) into hexadecimal numbers. One on the server and one on the client. By telling us the hash of the server seed in advance and allowing to change our client seed we can prove that the number was truly random when the 2 numbers are combined. The reason I thought that it needs to balance in the end, was because I remember in an IT classes, a while back, (java or similar language) we played with a RAND(), and I remember learning that no RAND() is truly random and that it is possible for a random sequence to eventually repeat itself (wish I paid more attention in class, but I simply never cared for randomness or gambling until encountering this website). Does this mean anything to anymore?
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TheQuin
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December 04, 2017, 03:53:05 PM |
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in an IT classes, a while back, (java or similar language) we played with a RAND(), and I remember learning that no RAND() is truly random
It is true that creating random numbers on computers has historically not been truly random. Generally, it is done from the system clock using the last x number of digits down to the millisecond. So if your program repeats at certain intervals it can make some numbers more likely to come out than others. By using encryption hashing we now have an easy to use method of creating truly random numbers. and that it is possible for a random sequence to eventually repeat itself
Of course, random events can be repeated. It is just a question of what the probability of that event occurring is. Probably one of the most important things to realise when indulging in gambling on random events is that even the most unlikely event will happen eventually given a large enough sample size.
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Pursuer
Legendary
Offline
Activity: 1624
Merit: 1160
Where is my ring of blades...
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December 06, 2017, 08:16:03 AM |
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is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.
these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back. and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.
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Chris314
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December 06, 2017, 09:38:36 PM |
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Their hard fork policy have been displayed for quite a while before segwitx2 planned fork. If the new blockchain is viable, they usually allow users to exchange new bitcoins for bitcoin core at a détermined rate, or to withdraw those new coins to another wallet. That is supposing the new blockchain is viable. Will it be the case with the announced forks?
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lite
Legendary
Offline
Activity: 1400
Merit: 1009
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December 07, 2017, 09:04:55 AM |
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is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.
these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back. and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.
https://bitcointalk.org/index.php?topic=2257164.msg22888636#msg22888636Freebitco.in will support/allow withdrawal of forks , if they have a working wallet and blockchain.
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Don Pedro Dinero
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December 07, 2017, 10:17:35 AM |
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is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.
these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back. and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.
https://bitcointalk.org/index.php?topic=2257164.msg22888636#msg22888636Freebitco.in will support/allow withdrawal of forks , if they have a working wallet and blockchain. In that link Myfe talks about two past forks but not about the upcoming ones. I think it is very likely that they are going to follow the same policy but until I see Myfe saying it or an announcement on their website I won’t be 100% sure. I hope this is the case, because their policy about forks has made it easier for customers to do whatever they want, exchange of withdraw, just after the fork, whereas in some other faucets and casinos they just don’t give you any coins, or they only give you the option to withdraw them, and even some exchanges don’t give you the option or they implement the exchange option later on.
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Juggy777
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December 07, 2017, 11:24:34 AM |
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is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.
these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back. and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.
https://bitcointalk.org/index.php?topic=2257164.msg22888636#msg22888636Freebitco.in will support/allow withdrawal of forks , if they have a working wallet and blockchain. In that link Myfe talks about two past forks but not about the upcoming ones. I think it is very likely that they are going to follow the same policy but until I see Myfe saying it or an announcement on their website I won’t be 100% sure. I hope this is the case, because their policy about forks has made it easier for customers to do whatever they want, exchange of withdraw, just after the fork, whereas in some other faucets and casinos they just don’t give you any coins, or they only give you the option to withdraw them, and even some exchanges don’t give you the option or they implement the exchange option later on. Freebitco.in always has one simple policy in place, as and when a fork is confirmed it shall put a notice on it's site, and if a fork is successfully completed, it shall credit you with a certain amount as and when it's confirmed there is a working wallet. Freebitco.in will never give out any money, unless there is a wallet for the fork and that is working well. Normally all the news are posted on their site, I think you may have missed it.
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TheQuin
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December 07, 2017, 01:16:06 PM |
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You are obviously very new to the scene. This is just another in a long line of hacks although there are a lot less frequent now than they were before. You have to make a judgment about both how trustworthy and competent the site owners are. Wetsuit would be right at the top of my list for both.
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moneyfornothing
Newbie
Offline
Activity: 26
Merit: 0
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December 07, 2017, 01:20:55 PM |
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Freeroll prize is now 14 satoshi. Will you divide satoshis into parts if bitcoin price continue growing? You have to also calculate referral comissions to freerolls and interests...
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DARKANGEL6415
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December 07, 2017, 04:17:01 PM |
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I see I got some interesting reading to do. Thanks for pointing that link out. But isn’t provably fair supposed to use an algorithm that “balances nature”?
No. Nature is in no way involved. In short, it uses encryption to hash 2 strings (seeds) into hexadecimal numbers. One on the server and one on the client. By telling us the hash of the server seed in advance and allowing to change our client seed we can prove that the number was truly random when the 2 numbers are combined. I know you mentioned that it is all random but at times i ask my self arent odds still just percentages. I remember 1 time i rolled 16,000 spins to get the bonus. I did not get it mot 1 single time. Now mathematically you would think i would get it atleast one time maybe two if really lucky.
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merc1969
Jr. Member
Offline
Activity: 79
Merit: 1
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December 07, 2017, 04:36:41 PM |
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Your point being ... ? You are obviously very new to the scene. This is just another in a long line of hacks although there are a lot less frequent now than they were before. You have to make a judgment about both how trustworthy and competent the site owners are. Wetsuit would be right at the top of my list for both.
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Chris314
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December 07, 2017, 07:04:04 PM |
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Freeroll prize is now 14 satoshi. Will you divide satoshis into parts if bitcoin price continue growing? You have to also calculate referral comissions to freerolls and interests...
All is calculated upon bitcoin price for 200$, that determines the higher prize. The smaller prizes are then divided by ten each time. À simple calculation tells us that when (if) bitcoin price reaches 50k$, then the smallest reward will be 1 satoshi (worth 0, 002$). I don't know however how it will be if price goes above 50k$, the automatic system will then reward with less than a satoshi?
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Don Pedro Dinero
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December 07, 2017, 07:20:42 PM |
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is there any official announcement for these recent bitcoin forks? I checked the previous 2 pages and I didn't see anyone talking about them.
these days it seems like there are going to be a lot of forks. at least 5 forks are scheduled for December starting with 15th of Dec! and it would be great if we could get these coins for the balance that we keep on freebitco.in otherwise we would have to keep withdrawing before the snapshot is taken and deposit back. and if I am not mistaken at least 1 snapshot was taken after bitcoin gold one. it was called "bitcoin Liza". all I know is that Yobit credited their users' accounts with the tokens which they are trading.
https://bitcointalk.org/index.php?topic=2257164.msg22888636#msg22888636Freebitco.in will support/allow withdrawal of forks , if they have a working wallet and blockchain. In that link Myfe talks about two past forks but not about the upcoming ones. I think it is very likely that they are going to follow the same policy but until I see Myfe saying it or an announcement on their website I won’t be 100% sure. I hope this is the case, because their policy about forks has made it easier for customers to do whatever they want, exchange of withdraw, just after the fork, whereas in some other faucets and casinos they just don’t give you any coins, or they only give you the option to withdraw them, and even some exchanges don’t give you the option or they implement the exchange option later on. Freebitco.in always has one simple policy in place, as and when a fork is confirmed it shall put a notice on it's site, and if a fork is successfully completed, it shall credit you with a certain amount as and when it's confirmed there is a working wallet. Freebitco.in will never give out any money, unless there is a wallet for the fork and that is working well. Normally all the news are posted on their site, I think you may have missed it. Yes, you are (both) right. I had to re-read the link and, although he was talking about "Bitcoin Gold" and "Bitcoin Segwit 2x" forks (as well as the previous "Bitcoin Cash" one), at some point he states: Hard Fork Policy Announcement Bitcoin has 2 hard forks planned in the near future - "Bitcoin Gold" and "Bitcoin Segwit 2x". As we have done with the "Bitcoin Cash" hard fork in the past, we shall support withdrawals of all hard fork coins as long as they are viable - ie. have wallet support, a working blockchain and straightforward redemption policies.
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Heartilly
Sr. Member
  
Offline
Activity: 465
Merit: 253
Trophy.io
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December 07, 2017, 10:38:21 PM |
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So now what, after all the lottery is now legit as the owners says, still no one from bitcointalk got the reward after lots of weekly draws? Players from bitcointalk really unlucky if that is still the case. 
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Raegorl
Full Member
 
Offline
Activity: 140
Merit: 100
★Jetwin.com★
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December 07, 2017, 11:31:57 PM |
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Is this faucet still worth playing? I see it constantly mentioned in threads asking about the best ways to earn some bitcoin on the side, but i'm entirely sold on the idea. Seems like the house edge on the "multiply btc" tab is too high...
What are your guys strats for profiting on the site?
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habibruis
Member

Offline
Activity: 327
Merit: 20
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December 08, 2017, 01:07:45 AM |
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I have got some payout from this site I think this is the oldest faucet for earning some fee btc. it is 100% legit.
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chris200x9
Legendary
Offline
Activity: 1316
Merit: 1011
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December 08, 2017, 01:29:13 AM |
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Is this faucet still worth playing? I see it constantly mentioned in threads asking about the best ways to earn some bitcoin on the side, but i'm entirely sold on the idea. Seems like the house edge on the "multiply btc" tab is too high...
What are your guys strats for profiting on the site?
As you already said that house edge is high so I never play their hi-low game but only getting some free coins to try my luck in a lottery system. Still waiting for my turn in a lottery. Even on other lower house edge dice sites also I didn't win money so far but only profit got from cricket betting.
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Kakmakr
Legendary
Offline
Activity: 2758
Merit: 1770
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December 08, 2017, 06:39:20 AM |
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Is this faucet still worth playing? I see it constantly mentioned in threads asking about the best ways to earn some bitcoin on the side, but i'm entirely sold on the idea. Seems like the house edge on the "multiply btc" tab is too high...
What are your guys strats for profiting on the site?
I started using the site, when we still got above 800 Sat/h and I quickly accumulated a lot of referrals. At one stage, I did not even have to use the free roll option, because my referrals provided me with enough passive income. I never used any of the Satoshi that I received from the site, because it only created dust in my paper wallet. One day, when a Satoshi is worth $1, I will sweep that wallet and go on a holiday. <Travel to all the countries, I have not visited yet.> My vision is focused on the future value, not on the current worth of the few Satoshi that are paid out now. ^smile^
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