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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 310963 times)
TheQuin
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February 28, 2018, 05:11:02 PM
Last edit: February 28, 2018, 05:30:44 PM by TheQuin
 #5361

How can even referrals determined you are going to win or not? This is really ridiculous thing to say, referrals is the only way to support your income, although it is not much and you can't do anything too due to their inactivity. Not many of them are going to play faucet, some of them even try only to buy lottery without claiming their faucet as well

I think he means referrals bring you earnings as passive income. This also applies to lottery tickets: the more referrals you have the more tickets you get, so your chances to win increase. So, I don’t think it is a ridiculous thing to say. Most of them play faucet because it is free.

If you got so many referrals but there is only some that claim their faucet or even played the hi-lo games, what so you expect to get? This will be just wasting time right? But to think higher chances will win you the first prize may be you are really dreaming, this is not that easy to have more tickets and help you win, if you do not have any luck then this must be pointless thing to do

It took so much time to set the referral link in my signature here back in 2013, but it's time I'm very happy I 'wasted'.

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February 28, 2018, 07:01:07 PM
 #5362

There are issues with payouts today on freebitco.in? I'm waiting for instant payout for several hours!
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February 28, 2018, 09:45:59 PM
 #5363

There are issues with payouts today on freebitco.in? I'm waiting for instant payout for several hours!
happened to few people a couple weeks ago, but all resolved in time
it might be related to the upcoming reworks of the site but that's just my guess
are you withdrawing significant amount? maybe their hot wallet is empty

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February 28, 2018, 10:23:12 PM
 #5364

There are issues with payouts today on freebitco.in? I'm waiting for instant payout for several hours!
happened to few people a couple weeks ago, but all resolved in time
it might be related to the upcoming reworks of the site but that's just my guess
are you withdrawing significant amount? maybe their hot wallet is empty
not, it's small, only 0.001 BTC.
Still pending... Sad
Flagship11
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February 28, 2018, 11:05:21 PM
 #5365

This seems to be nothing more then a glorified faucet
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March 01, 2018, 12:54:48 AM
Last edit: March 01, 2018, 01:05:30 AM by NDS17
 #5366

Whole the day passed - the result is none... still didn't receive any payment from freebitco.in.
Do they track their payments process? Huh
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March 01, 2018, 01:18:25 AM
 #5367

This seems to be nothing more then a glorified faucet

Why do you think like that?

They are paying for a quite long time each and every player without any issue so they got that name in faucet market. It is not so easy to run a site without any issues for a long time.

Whole the day passed - the result is none... still didn't receive any payment from freebitco.in.
Do they track their payments process? Huh

They do not have a good support team here to respond faster.
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March 01, 2018, 01:36:55 AM
 #5368

I know that Myfe is often here, that's why im asking. I'm just hinting to that such delays, like today, are not normal... Lips sealed
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March 01, 2018, 07:06:08 AM
 #5369

I know that Myfe is often here, that's why im asking. I'm just hinting to that such delays, like today, are not normal... Lips sealed

Have you met the minimum withdrawal limit yet? I see a lot of newbies complaining about late withdrawals, but they have not yet reached the minimum withdrawal amount. Most of these withdrawals end up as "dust" in their Bitcoin address and when they want to use that money, the miners fees absorb most of that.

I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site. <At roughly 20 Satoshi/h it would take you months to cover the miners fees, when you want to spend it from your Bitcoin address>

Example : At the average Bitcoin price of $10 000, you can buy 9606 Satoshi for $1. The average miners fees has been about $1 and the likelihood of paying that with a Bitcoin address with multiple "dust" deposits is plausible. So, you need roughly 9606 Satoshi to cover your miners fees. < 9606 / 20 Sat/h = 480 hours or 20 days if you do this 24 hours of the day, with no sleep >

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/

  


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March 01, 2018, 07:15:17 AM
 #5370

I know that Myfe is often here, that's why im asking. I'm just hinting to that such delays, like today, are not normal... Lips sealed

Have you met the minimum withdrawal limit yet? I see a lot of newbies complaining about late withdrawals, but they have not yet reached the minimum withdrawal amount. Most of these withdrawals end up as "dust" in their Bitcoin address and when they want to use that money, the miners fees absorb most of that.

I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site. <At roughly 20 Satoshi/h it would take you months to cover the miners fees, when you want to spend it from your Bitcoin address>

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/

I think his problem was that fees suddenly jumped yesterday afternoon and the fast withdrawals got stuck. It looks like freebitco.in is spending the unconfirmed change for the next withdrawal so it caused a sort of bottleneck.

At the moment the slow withdrawal fee is 120 sats, so only 6 free rolls. If you want to avoid dust in your wallet you can always make a deposit and then withdraw to combine into a larger output.


freebitcoin.TO WIN A  LAMBORGHINI!..

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March 01, 2018, 07:15:28 AM
 #5371

Whole the day passed - the result is none... still didn't receive any payment from freebitco.in.
Do they track their payments process? Huh

It is pretty normal to have this instant withdrawal issue here, first because it had just been fixed last time so may be it still have something left around. Second, this should be easy way to fix but with the slow respond it happens this way. But you can trust this site because they always fix their things well enough and never have really huge problems occurs here. Just wait them to be back to fix this thing
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March 01, 2018, 07:36:43 AM
 #5372

I know that Myfe is often here, that's why im asking. I'm just hinting to that such delays, like today, are not normal... Lips sealed

Have you met the minimum withdrawal limit yet? I see a lot of newbies complaining about late withdrawals, but they have not yet reached the minimum withdrawal amount. Most of these withdrawals end up as "dust" in their Bitcoin address and when they want to use that money, the miners fees absorb most of that.

I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site. <At roughly 20 Satoshi/h it would take you months to cover the miners fees, when you want to spend it from your Bitcoin address>

Example : At the average Bitcoin price of $10 000, you can buy 9606 Satoshi for $1. The average miners fees has been about $1 and the likelihood of paying that with a Bitcoin address with multiple "dust" deposits is plausible. So, you need roughly 9606 Satoshi to cover your miners fees. < 9606 / 20 Sat/h = 480 hours or 20 days if you do this 24 hours of the day, with no sleep >

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/


Not everyone withdrawing money from this site may not be collected it from a faucet claims because many of them are using this site as an online wallet because of 4% interest rate yearly. There is a possibility that these people who are complaining may not be for faucet money but for their own money. If they want to pay for something urgently and withdrawal didn't go through then most likely people start complaining here.

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March 01, 2018, 11:38:40 AM
 #5373

I know that Myfe is often here, that's why im asking. I'm just hinting to that such delays, like today, are not normal... Lips sealed

Have you met the minimum withdrawal limit yet? I see a lot of newbies complaining about late withdrawals, but they have not yet reached the minimum withdrawal amount. Most of these withdrawals end up as "dust" in their Bitcoin address and when they want to use that money, the miners fees absorb most of that.

I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site. <At roughly 20 Satoshi/h it would take you months to cover the miners fees, when you want to spend it from your Bitcoin address>

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/

I think his problem was that fees suddenly jumped yesterday afternoon and the fast withdrawals got stuck. It looks like freebitco.in is spending the unconfirmed change for the next withdrawal so it caused a sort of bottleneck.

At the moment the slow withdrawal fee is 120 sats, so only 6 free rolls. If you want to avoid dust in your wallet you can always make a deposit and then withdraw to combine into a larger output.



#TheQuin, you are missing my point. I am saying once your withdrawal from Freebitco.in hits your Bitcoin address it gathers "dust" and in the long run, those small transactions increase your miners fees. If we are conservative with the average fees, you will still have to pay almost $1 as a average to use the "dust" that are collected from Freebitco.in over time.

Most people will only use the faucet for about 8 times a day, so that will mean that you would only get about 160 Satoshi per day. To be able to spend those Satoshi, you will have to cover your miners fees. {+/- $1 or 9606 Satoshi at todays price} to pay for the miners fees to shift those deposits to another address. {on-chain}

9606 Satoshi divided by 160 Satoshi = 60.0375 days to pay for the miners fees, before you can transfer your earnings on-chain to another address.  Roll Eyes - Let's say your timing is good, and the MemPool is almost empty, then you could pay $0.50 in miners fees and then you still need about 30days to pay for that transaction.  Tongue

Tip : Your best bet, disable automatic withdrawal and wait until the amount accumulate enough Satoshi to cover the miners fees <on-chain> and then withdraw it from Freebitco.in. That way it will not increase the "dust" in your Bitcoin address and you can pay less in miners fees.

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March 01, 2018, 11:42:42 AM
 #5374

#TheQuin, you are missing my point.

With all due respect, I think you missed mine. If you have a balance of 0.00030000 you could deposit say 0.01 and then withdraw 0.01030000 and avoid collecting dust that way. Obviously, you need to wait for your moment like now when the mempool is empty and you can get a 1 sat/byte transaction through to do it, but it will save you in the long run.

freebitcoin.TO WIN A  LAMBORGHINI!..

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March 01, 2018, 12:27:36 PM
Last edit: March 01, 2018, 12:38:50 PM by Kakmakr
 #5375

#TheQuin, you are missing my point.

With all due respect, I think you missed mine. If you have a balance of 0.00030000 you could deposit say 0.01 and then withdraw 0.01030000 and avoid collecting dust that way. Obviously, you need to wait for your moment like now when the mempool is empty and you can get a 1 sat/byte transaction through to do it, but it will save you in the long run.


My reply was not meant to offend you.  Wink ... Your method require two things. 1. Faucet users need 0.01 BTC <+/- $100> to do that, which most might not have, and 2. It requires two transactions < One to deposit the 0.01 from your Bitcoin address and one to move it back, which is subsidized by Freebitco.in with batching or subtracted from your balance? >

Mine only needs 1 transaction, but a longer waiting period to move it to your Bitcoin address. The problem is not with the tx from Freebitco.in, because the fee is usually low. The real problem come in when you want to spend it. <Then you pay the normal miners fee, which would be higher, if your Bitcoin address gathered a lot of "dust" over time.>  

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March 01, 2018, 01:00:08 PM
 #5376

#TheQuin, you are missing my point.

With all due respect, I think you missed mine. If you have a balance of 0.00030000 you could deposit say 0.01 and then withdraw 0.01030000 and avoid collecting dust that way. Obviously, you need to wait for your moment like now when the mempool is empty and you can get a 1 sat/byte transaction through to do it, but it will save you in the long run.


My reply was not meant to offend you.  Wink ... Your method require two things. 1. Faucet users need 0.01 BTC <+/- $100> to do that, which most might not have, and 2. It requires two transactions < One to deposit the 0.01 from your Bitcoin address and one to move it back, which is subsidized by Freebitco.in with batching or subtracted from your balance? >

Mine only needs 1 transaction, but a longer waiting period to move it to your Bitcoin address. The problem is not with the tx from Freebitco.in, because the fee is usually low. The real problem come in when you want to spend it. <Then you pay the normal miners fee, which would be higher, if your Bitcoin address gathered a lot of "dust" over time.>  

0.01 was just used as an example, it could be any amount. I was suggesting it as a way of combining inputs and withdrawing at the same time. I got a 1 sat/byte transaction confirmed in the first block this morning, so doing something like that would make sense.
As there's no minimum deposit amount at freebitco.in it can be a good dust collector from other faucets as well.

freebitcoin.TO WIN A  LAMBORGHINI!..

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March 01, 2018, 01:54:00 PM
 #5377

Example : At the average Bitcoin price of $10 000, you can buy 9606 Satoshi for $1. The average miners fees has been about $1 and the likelihood of paying that with a Bitcoin address with multiple "dust" deposits is plausible. So, you need roughly 9606 Satoshi to cover your miners fees. < 9606 / 20 Sat/h = 480 hours or 20 days if you do this 24 hours of the day, with no sleep >

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/

You assumed average miners fees $1 at 9606 Satoshi, in fact the average wasn't based on that but satoshi/Byte
example below is when you withdrawn from Freebitco.in everytime you reach >30k sats balance
for every single utxo "dust" deposit the tx size will be ~192 bytes (148+34+10) with cheapest rate 1s/B like now
if you have 5 utxo worth 30k sats (=150k sats), ~790s tx fee at 1s/B, 790 sats (0.53%) to move 150,000 sats
 
it would be less if you're using segwit address to hold your "dust" deposits
so for every (minimum) 30k sats, you need ~192s fee which is 0.64% of amount transacted
don't consolidate your "dust" amount when the fee crazy high as in last december Tongue

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March 02, 2018, 05:28:31 AM
 #5378

#TheQuin, you are missing my point.

With all due respect, I think you missed mine. If you have a balance of 0.00030000 you could deposit say 0.01 and then withdraw 0.01030000 and avoid collecting dust that way. Obviously, you need to wait for your moment like now when the mempool is empty and you can get a 1 sat/byte transaction through to do it, but it will save you in the long run.


My reply was not meant to offend you.  Wink ... Your method require two things. 1. Faucet users need 0.01 BTC <+/- $100> to do that, which most might not have, and 2. It requires two transactions < One to deposit the 0.01 from your Bitcoin address and one to move it back, which is subsidized by Freebitco.in with batching or subtracted from your balance? >

Mine only needs 1 transaction, but a longer waiting period to move it to your Bitcoin address. The problem is not with the tx from Freebitco.in, because the fee is usually low. The real problem come in when you want to spend it. <Then you pay the normal miners fee, which would be higher, if your Bitcoin address gathered a lot of "dust" over time.>  

0.01 was just used as an example, it could be any amount. I was suggesting it as a way of combining inputs and withdrawing at the same time. I got a 1 sat/byte transaction confirmed in the first block this morning, so doing something like that would make sense.
As there's no minimum deposit amount at freebitco.in it can be a good dust collector from other faucets as well.


1 sat/byte is definitely on the lowest spectrum of the average fee for the last few months. This is why I added the URL :
https://bitcoinfees.info/ for you to see what the average was over a longer period.

Example : At the average Bitcoin price of $10 000, you can buy 9606 Satoshi for $1. The average miners fees has been about $1 and the likelihood of paying that with a Bitcoin address with multiple "dust" deposits is plausible. So, you need roughly 9606 Satoshi to cover your miners fees. < 9606 / 20 Sat/h = 480 hours or 20 days if you do this 24 hours of the day, with no sleep >

In your opinion, what amount of Satoshi would be sufficient to make it worth it to withdraw it from Freebitco.in?
https://bitcoinfees.info/

You assumed average miners fees $1 at 9606 Satoshi, in fact the average wasn't based on that but satoshi/Byte
example below is when you withdrawn from Freebitco.in everytime you reach >30k sats balance
for every single utxo "dust" deposit the tx size will be ~192 bytes (148+34+10) with cheapest rate 1s/B like now
if you have 5 utxo worth 30k sats (=150k sats), ~790s tx fee at 1s/B, 790 sats (0.53%) to move 150,000 sats
 
it would be less if you're using segwit address to hold your "dust" deposits
so for every (minimum) 30k sats, you need ~192s fee which is 0.64% of amount transacted
don't consolidate your "dust" amount when the fee crazy high as in last december Tongue

I disagree that $1 was not the average miners fee for the last couple of months, but both of us wants to cherry pick numbers to prove our point. The fact of the matter is that faucet users should time their withdrawals based on the current miners fees to maximize their profits. They should not just withdraw their few Satoshi, when the withdrawal limit is reached.

Every Satoshi count, when you getting 20 Satoshi/hour from these faucets. I have stopped gathering Sat from faucets for years now, but I know some people still do that. We must help them to get the most out of that. Some of the Sat that I did get back then are now worth much more, so I more than made up for the miners fees, if I had to use it now. <Back then we used to get about 1000 Satoshi/h > 


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March 02, 2018, 05:59:22 AM
 #5379

1 sat/byte is definitely on the lowest spectrum of the average fee for the last few months. This is why I added the URL :
https://bitcoinfees.info/ for you to see what the average was over a longer period.

Not to go too far off-topic but that chart is "Historic daily average Bitcoin transaction fees". Obviously, the average is a lot higher than the 'minimum required' as a lot of services pump out high fee transactions and pass the cost on to their customers regardless of the state of the mempool.

Anyway, when I am consolidating inputs I wait until I can get 1 sat/byte before doing it.

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March 02, 2018, 07:34:17 AM
 #5380

Even though the memory pool is completely empty and you can get away with 1-2 sat transactions it might not be like that in the future.

Hence to reduce customer complains they always use a higher fee to make sure it always gets confirmed by the next block or two.

Maybe if segwit actually works in reducing load, they might lower the fees maybe.

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