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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 451808 times)
Kakmakr
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March 11, 2018, 10:13:51 AM
 #5401

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^

.
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MinerHQ
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March 11, 2018, 12:58:51 PM
 #5402

How the interest rates with falling bitcoin prices? in end, the amount gained might be in fractions.

The interest rate will be same and it never changes. You will be paid interest in bitcoins. So if bitcoin prices go high at the end of the year your profits in terms of fiat will be higher and bitcoin prices go down then your profits will go down in fiat.

Since they pay you interest in bitcoins so if prices go down then keep those bitcoins until its prices go up again then your profit will be more.
lite
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March 11, 2018, 03:33:16 PM
 #5403

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^
Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy
Warfare
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March 11, 2018, 06:27:26 PM
 #5404

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

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babygun
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March 11, 2018, 07:26:24 PM
 #5405

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

Could this be the round with the highest ever number of tickets? The total of tickets was 468,714,529 , a quite impressive number!

lite
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March 11, 2018, 08:17:11 PM
 #5406

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

Could this be the round with the highest ever number of tickets? The total of tickets was 468,714,529 , a quite impressive number!
Nope, 535,918,357 tickets is the highest total number of ticket ever on freebitcoin. 468,714,529 still impressive though, maybe the record of highest tickets will be broken some day. Wink
Csmiami
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March 11, 2018, 08:34:13 PM
 #5407

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?

Warfare
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March 11, 2018, 10:18:35 PM
 #5408

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?
Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.

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Thirdspace
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March 11, 2018, 10:48:46 PM
 #5409

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?
Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.
This has been mentioned and asked a lot here.
I'm not sure why neither Myfe nor wetsuit respond to the request yet.
For the time being just turn off your auto withdrawal and do slow one to save your bitcoin Cool

LTU_btc
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March 11, 2018, 11:26:05 PM
 #5410

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^
Yeah, it would be interesting to hear, do they have plans to implement SegWit in near future or no. Maybe SegWit would allow them to reduce or completely remove fee for weekly auto withdrawals.


Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy
I don't think that they will need for testers because there will be no new features added. Only domain name will be changed and new currencies will be added on faucet, hi-lo game and lottery, all other things will remain same.




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chris200x9
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March 12, 2018, 02:01:47 AM
 #5411

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?
Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.
This has been mentioned and asked a lot here.
I'm not sure why neither Myfe nor wetsuit respond to the request yet.
For the time being just turn off your auto withdrawal and do slow one to save your bitcoin Cool

Admins of this site always very slow in responding any issues. They take people as a granted because they know all these people never go out from this site even though they don't provide a good support. It is a sad part of this site. Since very long back this issue many people bring up but until now they never fixed it.
Kakmakr
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March 12, 2018, 07:22:18 AM
 #5412

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^
Yeah, it would be interesting to hear, do they have plans to implement SegWit in near future or no. Maybe SegWit would allow them to reduce or completely remove fee for weekly auto withdrawals.


Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy
I don't think that they will need for testers because there will be no new features added. Only domain name will be changed and new currencies will be added on faucet, hi-lo game and lottery, all other things will remain same.

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAME!
.
.DICE..
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TheQuin
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March 12, 2018, 07:32:35 AM
 #5413

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.

freebitcoin.TO WIN A  LAMBORGHINI!..

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March 12, 2018, 10:01:05 AM
 #5414

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.


Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal  is only 0.00000080 BTC compared to 0.00003000 BTC for auto.  But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

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March 12, 2018, 10:09:39 AM
 #5415

Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal  is only 0.00000080 BTC compared to 0.00003000 BTC for auto.  But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

That's not what I meant. Have a look at the withdrawals on the stats page and they all come from address 329koRvovTyNnd4ADrpR2uJHzXxfvKxta5

Then if you look at the transactions you can see the input scripts are Segwit.

https://btc.com/b989ed96b870b5b8ef0bcc509a33792786a67abc6d2832fa4cffad71e669fff5

Updating the software to accept Bech32 addresses is different. I was just pointing out that they seem to have at least started the process of switching over.

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March 12, 2018, 08:24:47 PM
 #5416

I like FreeBitco.in Grin some news about Bitcoin Diamond and Bitcoin Private distribution? Thanks for info!
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March 13, 2018, 05:41:03 AM
 #5417

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.


Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal  is only 0.00000080 BTC compared to 0.00003000 BTC for auto.  But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

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March 13, 2018, 06:07:39 AM
 #5418

Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

They need to do 2 things to enable withdrawal to Bech32 addresses. First, upgrade their hot wallet to something capable of sending to Bech23 addresses and second recode the front end to be able to accept and verify Bech32 addresses (it need to be able to detect a typo in the address entered).

The interest paid is by way of compensation for taking the risk you talk about. They need long term deposits to form the bankroll. You can't run a gambling site without one. The reason that interest is paid at a random time each day is to stop people gaming the system and only depositing for short periods. I would imagine if you come up with a successful strategy to defeat that you will force them to change the rules.

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March 13, 2018, 08:04:12 AM
 #5419

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

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March 13, 2018, 12:05:15 PM
 #5420

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

I BTC investment on the online wallet is a big risk at least for me and I never put such a high amount of risk just for 4% profit per annum but it still depends on the individual. Yes, the site is paying people for a quite long time but that doesn't give any guaranty for the future so I don't take such risks.
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