adaseb
Legendary
 Offline
Activity: 3738
Merit: 1708
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December 21, 2017, 09:42:16 AM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. Most people here already have a few accounts with a few exchanges like Poloniex, Bittrex, Bitfinex, etc. Hell even Coinbase just listed BCH. So for most people its no big deal getting paid in an alt, selling that alt for Bitcoin on their exchange. Look at the fees right now. You would need to pay at least 600 Sats/byte to get it confirmed sometime in the next few hours. Thats at least $20, maybe a little lower if its from Segwit to Segwit. So with an alt, the fee would be almost free and the exchange charges a small trading fee usually 0.15% which is nothing for small trades. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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AliCris
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December 21, 2017, 06:38:17 PM |
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Playing in the casino there is a full hat, no matter how you build your strategy vseravno the moment will come when you have 19 reds in a row and you can drain your entire balance
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chris200x9
Legendary
Offline
Activity: 1316
Merit: 1011
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December 22, 2017, 01:31:35 AM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. The site has to find some good alternative otherwise they may lose a lot of faucets claiming people because no one wants to waste so much time to earn small amount and pay such a high fee. So far site manages to pull so many people because of no withdrawal fee. Now, these guys need to claim few weeks just to earn fee amount. If they don't find a good alternative then finally, the site will be left with people like me who claim few times in a few to buy some lottery tickets. |
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Oilacris
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December 22, 2017, 09:32:54 AM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. The site has to find some good alternative otherwise they may lose a lot of faucets claiming people because no one wants to waste so much time to earn small amount and pay such a high fee. So far site manages to pull so many people because of no withdrawal fee. Now, these guys need to claim few weeks just to earn fee amount. If they don't find a good alternative then finally, the site will be left with people like me who claim few times in a few to buy some lottery tickets. Fees would really be a major thing that would affect this sites operation which i dont either believe that they would sustain to pay up tx fees because they are not dumb enough to do such thing considering on the amount that we should put up to make a transaction or transfer. They should really find some alternative ways or else it would really give a serious impact to the site specially lots of people do make use of this site for their faucet thing. |
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babygun
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December 22, 2017, 07:59:30 PM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. The site has to find some good alternative otherwise they may lose a lot of faucets claiming people because no one wants to waste so much time to earn small amount and pay such a high fee. So far site manages to pull so many people because of no withdrawal fee. Now, these guys need to claim few weeks just to earn fee amount. If they don't find a good alternative then finally, the site will be left with people like me who claim few times in a few to buy some lottery tickets. i can follow your reasoning, but I don't think the people will stay away from the site due to the fee. The minimun payout is 30 000 satoshi, so if you are motivated to achieve that goal, than this low fee is no problem. I think most people begin with the site and then stop because of the (high) minimum payout. |
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mrcash02
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December 22, 2017, 08:42:15 PM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. The site has to find some good alternative otherwise they may lose a lot of faucets claiming people because no one wants to waste so much time to earn small amount and pay such a high fee. So far site manages to pull so many people because of no withdrawal fee. Now, these guys need to claim few weeks just to earn fee amount. If they don't find a good alternative then finally, the site will be left with people like me who claim few times in a few to buy some lottery tickets. i can follow your reasoning, but I don't think the people will stay away from the site due to the fee. The minimun payout is 30 000 satoshi, so if you are motivated to achieve that goal, than this low fee is no problem. I think most people begin with the site and then stop because of the (high) minimum payout. This fee is inviable... 15 satoshis per claim every hour. You need to claim 200 hours only to be able to withdraw your money from the site. For the common faucet user it's not good, for the investor and gambler it's not a problem as they deposit money on the site to play and invest, for them 3000 satoshis is nothing, but for those collecting pennies everywhere it's a lot! To pay via Micro Payment System or using another currency is a good idea. |
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Chris314
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December 22, 2017, 09:52:15 PM |
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Faucet only user has to claim quite a long time already to be able to withdraw (30000/15 = 2000 hours, about six months with 12-15 claims a day), and the fee means 200 claims are done to pay the miners and not to fulfill the wallet. I understand new registered people won't stay long.
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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December 23, 2017, 12:07:59 AM |
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Faucet only user has to claim quite a long time already to be able to withdraw (30000/15 = 2000 hours, about six months with 12-15 claims a day), and the fee means 200 claims are done to pay the miners and not to fulfill the wallet. I understand new registered people won't stay long.
Wrong equation. It is not 30K satoshi fee but it is 3K satoshi fee. That brings down to just 200 hours - Average 10 hours claim per day means 20 days and it is no way a good option for anyone to earn money from this site because it is like people working for miners, not for themselves so should find other ways to earn money online. |
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moneyafric
Member
Offline
Activity: 274
Merit: 10
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December 23, 2017, 01:11:08 AM |
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Playing in the casino there is a full hat, no matter how you build your strategy vseravno the moment will come when you have 19 reds in a row and you can drain your entire balance
I started out here but dumped it when I discovered they were only wasting my time for nothing. Then I found something better invest my time in that made me fortune which started my currency trading business. Thanks |
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Chris314
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December 23, 2017, 11:41:12 AM |
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Faucet only user has to claim quite a long time already to be able to withdraw (30000/15 = 2000 hours, about six months with 12-15 claims a day), and the fee means 200 claims are done to pay the miners and not to fulfill the wallet. I understand new registered people won't stay long.
Wrong equation. It is not 30K satoshi fee but it is 3K satoshi fee. That brings down to just 200 hours - Average 10 hours claim per day means 20 days and it is no way a good option for anyone to earn money from this site because it is like people working for miners, not for themselves so should find other ways to earn money online. Yes, but I was talking about minimum withdraw amount, 30k satoshi actually. A brand new user will have to collect free rolls for more than six months before being able to withdraw anything (with hypothesis of a fixed bitcoin price, the more it increases, the longer it is to reach 30k threshold to withdraw). And among those six months, 1/10 of the claims are for the miners. |
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Barcode_
Staff
Hero Member
Offline
Activity: 2996
Merit: 568
APP下载sbapp.io
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December 23, 2017, 12:36:37 PM |
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Faucet only user has to claim quite a long time already to be able to withdraw (30000/15 = 2000 hours, about six months with 12-15 claims a day), and the fee means 200 claims are done to pay the miners and not to fulfill the wallet. I understand new registered people won't stay long.
Maybe the admin of the site can consider lowering the minimum amount to withdraw from the site since the free rolls per claim is giving out so little satoshis per claim, and I agreed with you that it will take a long time for users to accumulate the minimum amount to withdraw from this site. |
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Erza
Legendary
Offline
Activity: 1078
Merit: 1000
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December 23, 2017, 01:03:29 PM |
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Faucet only user has to claim quite a long time already to be able to withdraw (30000/15 = 2000 hours, about six months with 12-15 claims a day), and the fee means 200 claims are done to pay the miners and not to fulfill the wallet. I understand new registered people won't stay long.
Maybe the admin of the site can consider lowering the minimum amount to withdraw from the site since the free rolls per claim is giving out so little satoshis per claim, and I agreed with you that it will take a long time for users to accumulate the minimum amount to withdraw from this site. How can it be lowered? I am sure this is not going to happen because of there is so much fee to take just to send that amount. Are you saying that by lowering that amount you might have the chance to get it? I do not think it is worth since you need to get higher fee in case of transaction problem like nowadays. How much you think that the amount should be for the lowest fee? |
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poptok1
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December 23, 2017, 03:28:49 PM |
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Faucet only user has to claim ...-snip-...e for users to accumulate the minimum amount to withdraw from this site.
How can it be lowered? I am sure this is not... -snip-...t fee? Looks like this sudden fee conundrum is making an actual case for some. My Idea: I think that merging freebitco.in with freedoge.co.in could be liable option here. Both[?] sites no longer rely of advertisement, why not to merge them together? This would give players additional option to withdraw with doge coin and take advantage of its cheap TX fee. This will also make the service somehow bigger and more complete. I am a strange person, I like complicated things with tons of options  so for me, the merer the better. More stats, more "widgets", BTC price ticker and some new ways for utilising RP...please  [example: small advert box for rent with RP{could be useful for some}, RP "hard conversion" in to lottery tickets, auto claim for rent with RP, etc.]. Remember (Im sure you know this by now) wetsuit, who doesn't move forward, is taking a step back  |
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LTU_btc
Legendary
Offline
Activity: 3038
Merit: 1330
Slava Ukraini!
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December 23, 2017, 09:21:20 PM |
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Faucet only user has to claim ...-snip-...e for users to accumulate the minimum amount to withdraw from this site.
How can it be lowered? I am sure this is not... -snip-...t fee? Looks like this sudden fee conundrum is making an actual case for some. My Idea: I think that merging freebitco.in with freedoge.co.in could be liable option here. Both[?] sites no longer rely of advertisement, why not to merge them together? This would give players additional option to withdraw with doge coin and take advantage of its cheap TX fee. This will also make the service somehow bigger and more complete. I am a strange person, I like complicated things with tons of options so for me, the merer the better. More stats, more "widgets", BTC price ticker and some new ways for utilising RP...please [example: small advert box for rent with RP{could be useful for some}, RP "hard conversion" in to lottery tickets, auto claim for rent with RP, etc.]. Remember (Im sure you know this by now) wetsuit, who doesn't move forward, is taking a step back It sounds like a good idea, just maybe a bit complicated to implement. I would like if these websites would be merged and users woupd be able to convert btc to doge if they want (offcourse, they would have to pay conversion fee, which would be a new way to monetize website). Now Doge faucet is abandoned, no new features were implemented and owners are just loosing money by running doge faucet. Big BTC price and huge transaction fees now killing Bitcoin faucets and something have to be done that users would be able to continue earning from faucets. |
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babygun
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December 23, 2017, 10:33:04 PM |
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~~ ANNOUNCEMENT ~~ Friends, it's true...starting Sunday, December 24th GMT we will be instituting a 3,000 satoshi fee for each auto-withdrawal. We need to do this to offset the cost of increasing Bitcoin transaction fees. I know this may come as a disappointment for some of you, but we'll have some more exciting news at the start of the New Year! If you have any questions or issues with your account please PM me. My alternative suggestion for this withdrawal fee. Anyway, I never withdraw any money from this site because I claim few times to get few lottery tickets. For those people who really trying to withdraw coins from this site even though your charging very small fee amount but for those guys takes a lot of time to earn that fee amount. So you can consider allowing them to withdraw the amount in some other altcoins so that those guys can save some transaction fee amount. this will introduce a lot of issues. altcoins prices are pretty volatile so they either have to have that altcoin already which means they have to invest their money in that altcoin and lose money if it goes down. and pay people based on the current market rate. which means implementing a new system for withdrawals and lots of security audits. or they have to do the exchange on the fly as people make withdrawal claims. for example using something like ShapeShift. but that will require additional fees for exchanging bitcoin to those altcoins and for those who want to withdraw a small amount and are worried about 3000 satoshi, that fee will also not be acceptable. The site has to find some good alternative otherwise they may lose a lot of faucets claiming people because no one wants to waste so much time to earn small amount and pay such a high fee. So far site manages to pull so many people because of no withdrawal fee. Now, these guys need to claim few weeks just to earn fee amount. If they don't find a good alternative then finally, the site will be left with people like me who claim few times in a few to buy some lottery tickets. i can follow your reasoning, but I don't think the people will stay away from the site due to the fee. The minimun payout is 30 000 satoshi, so if you are motivated to achieve that goal, than this low fee is no problem. I think most people begin with the site and then stop because of the (high) minimum payout. This fee is inviable... 15 satoshis per claim every hour. You need to claim 200 hours only to be able to withdraw your money from the site. For the common faucet user it's not good, for the investor and gambler it's not a problem as they deposit money on the site to play and invest, for them 3000 satoshis is nothing, but for those collecting pennies everywhere it's a lot! To pay via Micro Payment System or using another currency is a good idea. For people who are on freebitco.in and only doing the free rolls, a 3000 satoshi fee is indeed significant. I deposited a nice amount of satoshi to earn interest, so the fee is acceptable for me. An option to use a micro payment system such as faucethub could indeed be a good idea. |
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inklingzade
Newbie
Offline
Activity: 45
Merit: 0
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December 23, 2017, 10:33:48 PM |
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is this faucet still up ? is this profitable? need some extra cash
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DARKANGEL6415
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December 24, 2017, 01:43:47 AM |
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Wow what on earth i just seen this site started charging players for withdrawal. Before they had the one free bitcoin withdrawal a week. I see now the free once a week withdrawal has a charge to be processed. I personally think that if you gamble with bitcoin on the site they should offer discount withdrawal.
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Bitinity
Legendary
Offline
Activity: 3052
Merit: 1310
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December 24, 2017, 03:46:51 AM |
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Wow what on earth i just seen this site started charging players for withdrawal. Before they had the one free bitcoin withdrawal a week. I see now the free once a week withdrawal has a charge to be processed. I personally think that if you gamble with bitcoin on the site they should offer discount withdrawal.
3k satoshi fee for your withdrawal is nothing if you look at the recent heavy bitcoin network. It is reasonable if they charge some fees to make your withdrawal stays as usual. Many other sites charges you higher amount for withdrawal fee so I dont think it is a big deal for loyal users. |
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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December 24, 2017, 04:17:10 AM |
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is this faucet still up ? is this profitable? need some extra cash
Yes, the faucet is up and working smoothly. I don't know what you mean by profitable because anything you get at free is profitable. But if you want to depend on the faucet to make some decent amount then it is not possible because they pay very less and now need to claim almost six months to withdraw those small amounts. |
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RamonBTC
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December 24, 2017, 05:06:36 AM |
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Is the withdrawal fee permanent or temporary? and will bounce back to “free” when transaction fees and delays soon to be on normal phase again. I’d rather hold my bitcoin on the site for now and claim for an extra time for extra Satoshi and love they’re interest. Small but enough for a simple man like me.
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