Kprawn
Legendary
 Offline
Activity: 1904
Merit: 1073
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January 08, 2018, 03:48:59 PM |
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I was playing using what I learned in Probability courses with the classic coin-toss example. I think what happened to me is normal as either I have played more than 32k rolls, or the rolls are independent like you ans @Chris314 say. I assumed they are not independent though as my client seed remained the same it is a provably fair game. I thought and still do that the probablilities for this game work the same as they do on coin tosses... i.e. the probablility of getting 15 heads in a row is 0.5^15 and the probability of getting 15 highs with 2x is 0.475^15. Am I wrong is there anyway to convince me otherwise? Thanks
The fundamental flaw of your argument is that you never bet on streaks. Even if you auto-bet for 15 highs (or lows), you bet on individual events, not on streaks. You are betting on the first number being high, on the second number being high, and so on. You are not betting on a streak of 15 to have at least one high number. Your client seed and provably fair don’t matter. They just make sure the system is not rigged. You have it pretty spot on with that explanation. The only thing you left out is the very high house edge with this site, compared to other Crypto currency gambling sites. Freebitco.in should not be your first choice for gambling, based on the house edge. They have a high house edge, because they are cross funding their faucet pay-outs from the gambling profits. Most people are only gambling with their FREE coins that they receive from the faucet.  |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Oilacris
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January 08, 2018, 10:27:02 PM |
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I was playing using what I learned in Probability courses with the classic coin-toss example. I think what happened to me is normal as either I have played more than 32k rolls, or the rolls are independent like you ans @Chris314 say. I assumed they are not independent though as my client seed remained the same it is a provably fair game. I thought and still do that the probablilities for this game work the same as they do on coin tosses... i.e. the probablility of getting 15 heads in a row is 0.5^15 and the probability of getting 15 highs with 2x is 0.475^15. Am I wrong is there anyway to convince me otherwise? Thanks
The fundamental flaw of your argument is that you never bet on streaks. Even if you auto-bet for 15 highs (or lows), you bet on individual events, not on streaks. You are betting on the first number being high, on the second number being high, and so on. You are not betting on a streak of 15 to have at least one high number. Your client seed and provably fair don’t matter. They just make sure the system is not rigged. You have it pretty spot on with that explanation. The only thing you left out is the very high house edge with this site, compared to other Crypto currency gambling sites. Freebitco.in should not be your first choice for gambling, based on the house edge. They have a high house edge, because they are cross funding their faucet pay-outs from the gambling profits. Most people are only gambling with their FREE coins that they receive from the faucet. When it comes to their faucet system or amounts been given then they are much better or generous ones compared on most sites and i believe the same thing too that lots of people do play on just faucet amounts and even hitting up the lottery with just using these small satoshis. I agree on the thing about House edge of the site which is really high for about 5%. |
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Dav7
Full Member
Offline
Activity: 282
Merit: 104
Making Money Online since 2006
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January 10, 2018, 10:02:31 AM |
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Today is the last day to claim our Bitcoin Gold right?
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Chris314
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January 10, 2018, 10:42:24 AM |
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Today is the last day to claim our Bitcoin Gold right?
The answer should be displayed somewhere on the site. What does the claiming page say? |
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Warfare
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January 10, 2018, 12:53:11 PM |
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Today is the last day to claim our Bitcoin Gold right?
The answer should be displayed somewhere on the site. What does the claiming page say? "Your free "Bitcoin Gold" (BTG) coins are now available for withdrawal to your own BTG wallet. Please click the WITHDRAW button and then the BTG tab to withdraw your BTG coins. Please withdraw your BTG coins before the 10th of January 2018." |
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Yates
Newbie
Offline
Activity: 25
Merit: 0
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January 10, 2018, 01:05:11 PM |
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Today is the last day to claim our Bitcoin Gold right?
The answer should be displayed somewhere on the site. What does the claiming page say? "Your free "Bitcoin Gold" (BTG) coins are now available for withdrawal to your own BTG wallet. Please click the WITHDRAW button and then the BTG tab to withdraw your BTG coins. Please withdraw your BTG coins before the 10th of January 2018." why are you making it mandatory to withdraw or sell it , is their any problem with bitcoin gold coins |
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TheQuin
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January 10, 2018, 01:37:11 PM |
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why are you making it mandatory to withdraw or sell it , is their any problem with bitcoin gold coins
To keep a Bitcoin Gold node running is an expense and overhead. As this site doesn't use BTG there is no point in spending money on something they don't need. Other sites that I know of gave a much shorter time limit to withdraw than freebitco.in I find rather odd that anyone would not have withdrawn the coins yet, do they expect freebitco.in to provide free indefinite storage for them? |
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Thirdspace
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January 10, 2018, 01:56:43 PM |
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Today is the last day to claim our Bitcoin Gold right?
why are you making it mandatory to withdraw or sell it , is their any problem with bitcoin gold coins
The deadline is for withdrawing your BTG to your own wallet, so freebitco.in can take the BTG wallet down/offline you can sell/exchange it anytime later you want but with pre-set fixed rate BTG/BTC, don't expect much... they're not exchange site moreover they do that to stick to the name free bitco.in and not free bitcoingo.ld  it's just their kindness to help and let us enjoy our share of BTG (fork) coin, they have no obligations to do that actually |
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Dav7
Full Member
Offline
Activity: 282
Merit: 104
Making Money Online since 2006
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January 10, 2018, 03:16:35 PM |
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@wetsuit or @Myfe can you confirm that after today will still be possible to exchange BTG internally or today is also the last day to do it?
I already withdraw mine but have referrals that didn't!
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Thirdspace
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January 11, 2018, 02:43:11 AM |
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@wetsuit or @Myfe can you confirm that after today will still be possible to exchange BTG internally or today is also the last day to do it?
I already withdraw mine but have referrals that didn't!
I exchanged my BCH weeks after the ability to withdraw it was not available anymore (stopped) I'm pretty sure it would be the same rules for BTG as applied to previous fork BCH and as I said in post above you, "you can sell/exchange it anytime later you want but with pre-set fixed rate BTG/BTC"in fact it's the only way you will get credited for your BTG share in BTC value after 10th of January 2018  |
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TheQuin
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January 11, 2018, 07:17:49 AM |
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I exchanged my BCH weeks after the ability to withdraw it was not available anymore (stopped) I'm pretty sure it would be the same rules for BTG as applied to previous fork BCH and as I said in post above you, "you can sell/exchange it anytime later you want but with pre-set fixed rate BTG/BTC"in fact it's the only way you will get credited for your BTG share in BTC value after 10th of January 2018 That makes sense but as the exchange rate is fixed the amount of BTC anyone would get cannot change. The site isn't paying interest on the BTG. Now that the deadline for withdrawing is passed the only result of waiting is to miss out on the interest they could be earning on the BTC. |
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babygun
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January 11, 2018, 05:30:21 PM |
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I exchanged my BCH weeks after the ability to withdraw it was not available anymore (stopped) I'm pretty sure it would be the same rules for BTG as applied to previous fork BCH and as I said in post above you, "you can sell/exchange it anytime later you want but with pre-set fixed rate BTG/BTC"in fact it's the only way you will get credited for your BTG share in BTC value after 10th of January 2018 That makes sense but as the exchange rate is fixed the amount of BTC anyone would get cannot change. The site isn't paying interest on the BTG. Now that the deadline for withdrawing is passed the only result of waiting is to miss out on the interest they could be earning on the BTC. I don't really understand why people would wait to exchange their BTG to BTC; BTG does not really have a future or use. Freebitco.in was one of the only sites who gave BTG for people who had BTC before the fork, I exchanged mine immediatly. |
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Myfe
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January 12, 2018, 08:21:07 PM |
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SUNDAY, SUNDAY, SUNDAY...sweet ass Rewards Points bonus this weekend available through Sunday >>>>> 4x Rewards PointsFor the entire weekend, we've been paying you 8 Rewards Points for a free roll, 4 Rewards Points for a multiply roll, and 4 Rewards Points for a referral roll! Follow us on Twitter to get more announcements of great promotions > https://twitter.com/freebitco |
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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January 13, 2018, 12:51:30 AM |
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I exchanged my BCH weeks after the ability to withdraw it was not available anymore (stopped) I'm pretty sure it would be the same rules for BTG as applied to previous fork BCH and as I said in post above you, "you can sell/exchange it anytime later you want but with pre-set fixed rate BTG/BTC"in fact it's the only way you will get credited for your BTG share in BTC value after 10th of January 2018 That makes sense but as the exchange rate is fixed the amount of BTC anyone would get cannot change. The site isn't paying interest on the BTG. Now that the deadline for withdrawing is passed the only result of waiting is to miss out on the interest they could be earning on the BTC. I don't really understand why people would wait to exchange their BTG to BTC; BTG does not really have a future or use. Freebitco.in was one of the only sites who gave BTG for people who had BTC before the fork, I exchanged mine immediatly. It is not a matter of waiting because many people may not be seen or read that claim option. They just go to that page to claim the free money. If not, why would anyone want to lose their free coins from the site? Also, as you said they already fixed the price for conversion so if they do it today or later they will get the same amount so most of them who didn't claim may not read that claim option or didn't visit this site for long. |
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Warfare
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January 13, 2018, 01:53:54 AM
Last edit: January 13, 2018, 02:17:57 AM by Warfare |
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Don't post your address, there is no bonus anymore, that was years ago.
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eg3w45t6
Newbie
Offline
Activity: 11
Merit: 1
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January 13, 2018, 09:56:00 AM |
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So how is the bonus system working now a days?
I bought some lottery ticket with my hourly claimed satoshis but I dont seem to get beyond "50.0000% achieved towards the next +0.00000014 BTC bonus!"
And after each claim it goes down again, so is it even possible to may the bonus without winning higher sums or putting external money in? How does it work, will it stay up or just go down again?
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TheQuin
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January 13, 2018, 10:02:55 AM |
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So how is the bonus system working now a days?
I bought some lottery ticket with my hourly claimed satoshis but I dont seem to get beyond "50.0000% achieved towards the next +0.00000014 BTC bonus!"
And after each claim it goes down again, so is it even possible to may the bonus without winning higher sums or putting external money in? How does it work, will it stay up or just go down again?
It's a ratio of how much you spend on lottery tickets and/or wager on hi-lo game versus how much you claim from free rolls. So every free roll makes it go down and every lottery ticket bought or bet made makes it go up. |
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eg3w45t6
Newbie
Offline
Activity: 11
Merit: 1
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January 13, 2018, 10:11:28 AM |
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It's a ratio of how much you spend on lottery tickets and/or wager on hi-lo game versus how much you claim from free rolls. So every free roll makes it go down and every lottery ticket bought or bet made makes it go up.
But why is it stopping at 50%. If it would go beyond I could just get some lottery tickets from my hourly free roll claims but it doesn't work. |
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TheQuin
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January 13, 2018, 10:16:17 AM |
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But why is it stopping at 50%.
Stop claiming from free rolls, buy some lottery tickets and/or bet on hi-low game and it will go above 50%. If it would go beyond I could just get some lottery tickets from my hourly free roll claims but it doesn't work.
You always get 2 free lottery tickets for every free roll and the bonus has no effect on that. The bonus is extra satoshi for each free roll. |
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eg3w45t6
Newbie
Offline
Activity: 11
Merit: 1
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January 13, 2018, 10:25:32 AM
Last edit: January 13, 2018, 10:38:49 AM by eg3w45t6 |
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If I dont claim how should I buy the tickets. And it says its most efficient with buying the tickets, so I tried that. Never touched the game since I would just loose stuff, with the tickets I at least get those. It doesn't say I have to do both.
Do I have to get the other half from the "multiply game", the site just says lottery tickets are 20x faster for gaining the bonus so I went for the most efficient way.
How is it done? Should I just leave it an claim a certain amount until its enough to "buy" the bonus? How much do I need? And if I loose the bonus over time then there is probably no reason to build it up in the first place.
Also what do they mean by "Play jackpots in MULTIPLY BTC to increase your bonus 4x faster and buy lottery tickets to increase it 20x faster!"
Increace faster than what, it doesn't increase on its own, its decreasing, this makes no sense.
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