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[MinerHQ]

For everyone asking about the 30k minimum withdrawal. I've asked wetsuit what he thinks and I'll let you know when he gets back to me.

My personal opinion is that it is not a problem as we also accept deposits. So if you have made 5k from the free rolls you can deposit 25k and withdraw 30k.

As we're adding more coins which are likely to be more suitable than Bitcoin for micropayments, the issue will probably go away then anyway.

Yes, with addition of other coins withdrawals of small amounts will have no issues, but I still suggest you to keep the old name, FreeBitco.in, since it's very well known in the Bitcoin community. For example, The Coca-Cola Company produces not only Coca-Cola, but also Sprite, Fanta, various juices, vitamin waters and ice teas, but after a long history of acquisitions they still keep the famous name. Imo FreeBitco.in stands out among the faucets like Coca-Cola among the beverages.

FWIW I agree about the name but I'm not the boss. He wants to get away from the 'free' bit of the name and make it more of a non-KYC exchange come gambling site.

Creating an exchange which does not require verification is a great idea, especially these days when more and more exchanges make it harder for potential customers to register. But still, although the old name, FreeBitco.in, may appear misleading in this case, I suggest to stick with it nevertheless. To enforce my argument, let me present The Coca-Cola Company as an example again. Coca-Cola once contained nine milligrams of cocaine per glass, hence the “Coca” in the name. There is no cocaine in Coca-Cola since the beginning of the 20th century, yet the name still remains intact.

We all can only suggest but can't force admin what need to do. So the final call is from Admin and by looking at his past posts he might have decided to change the name already and may be working on that new site full time so we may see the new site design soon.

If I'm not wrong they are not going to down this freebitco URL immediately but they are planning to redirect all the traffic from this URL to new site for some time.

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[TheQuin]

We all can only suggest but can't force admin what need to do. So the final call is from Admin and by looking at his past posts he might have decided to change the name already and may be working on that new site full time so we may see the new site design soon.

He hasn't started on it yet but it is a firm decision.

If I'm not wrong they are not going to down this freebitco URL immediately but they are planning to redirect all the traffic from this URL to new site for some time.

Yes, that is the case.

We have the freebitco.in name registered until 2025 so even after the name change, all freebitco.in links will work as usual (no need to change banner or referral links etc.) and everyone visiting freebitco.in will be seamlessly directed to the new website with a message informing them of the re-brand.

~

The re-brand is part of a process to make freebitco.in more than just a faucet. My plan is to implement a no-KYC shapeshift.io style exchange after the rebrand to enable users to exchange between coins instantly. I feel like we have outgrown the freebitco.in name and the rebrand will allow us to do a lot more stuff without people associating the website with being just a faucet which somewhat restricts our growth now.

[BTCevo]

Anybody win the lottery in this game? And who can withdraw btc from here?

Yes, on this same thread, some people have said to have won the lottery.

There is a winners thread as well but this only referred to free roll game big prices:

https://bitcointalk.org/index.php?topic=1850855.0

Anyone can withdraw but I think there is a minimum amount, TheQuin can confirm later on.

Of course there are many winners here, people do not want to brag about what they got on free faucet. Many of them now is aiming for the lottery tickets, there is already some winners that hit 1st prize on it but yet they are spending from their own money like buying many tickets to hit that big. Never sae people claiming from faucet and get that 1st yet, need to see some of them claiming it from faucet

And about the minimum amount to withdraw, I do think 30k is not that big, but why people still complain about it?

[Kprawn]

I think it is not a secret anymore....

No, I mean we've got something else for you before all that  

PS. The own coin thing I just added to my list of suggestions to pass on to wetsuit.

One thing that are guaranteed with this site, is the fact that they are constantly adding new features and services and this is

why they are the oldest faucet in the Crypto currency community. I hope you will "Pay it forward" when you get credited for

my idea.  ... I also gave them the idea to add a "donation to charity" a few years ago and they implemented that, so

they are listening to the "customers". It has been removed, but a lot of money was donated to charity. 

[chris200x9]

And about the minimum amount to withdraw, I do think 30k is not that big, but why people still complain about it?

30K sats are not so big amount but if you plan to earn that money from the site then it takes almost a year. The people who are claiming money to withdraw are complaining.

TheQuin already mentioned that you can deposit balance money to meet minimum withdrawal limit to withdraw your faucet earnings. But to withdraw that small amount one has to pay transaction fee two times. Now it is less okay but if transaction fee goes up then it will be an issue for these guys.

[Theb]

And about the minimum amount to withdraw, I do think 30k is not that big, but why people still complain about it?

30K sats are not so big amount but if you plan to earn that money from the site then it takes almost a year. The people who are claiming money to withdraw are complaining.

TheQuin already mentioned that you can deposit balance money to meet minimum withdrawal limit to withdraw your faucet earnings. But to withdraw that small amount one has to pay transaction fee two times. Now it is less okay but if transaction fee goes up then it will be an issue for these guys.

Yeah that is another way around on claiming the minimum faucet claim, and I agree that 30,000 satoshis is not that big of amount. Also the faucet in FreeBitcoin is built not for your to earn money but to have free tickets as well as have enough satoshis to buy in some more lottery tickets. You can see that with the price of BTC is this high now the faucet claims got lowered. For people who are complaining I don't think that you should be in the first place as they really created that limit to avoid abusers earning some free money from them.

[korvd]

Hello guys! Anybody here who uses btc deposit at this site?

You mean to say that anyone using this site to get 4% interest on their deposits on this site?

If yes then many people are using it but I didn't use it because I don't keep my coins in online wallets for safety reason. This site is paying for a long time so you can decide whether you want to risk your coins to earn some profit or not.

Remember one thing that if you face any kind of issues with your account don't expect an immediate response from the site because they are very slow but they have new forum support member he is very active but for some account related issues he also may need to wait for the admin response.

Thank you for ur response Chris, do you know any more deposoting services with interest about 4%?

[MinerHQ]

do you know any more deposoting services with interest about 4%?

I don't know any such services who can provide a fixed interest for your bitcoins.

That's why what I do is I take some extra risks and invest some of my bitcoins and other coins in casino bankrolls. One of my best casino bankroll investment is crypto-games. In a year you can earn easily more than 4% profit. But you need to be careful because this is not a guaranteed return and sometimes you may lose if someone wins a big amount. If your not a risk taker then better don't invest in casino bankroll investments.

[TheQuin]

do you know any more deposoting services with interest about 4%?

I don't know any such services who can provide a fixed interest for your bitcoins.

That's why what I do is I take some extra risks and invest some of my bitcoins and other coins in casino bankrolls. One of my best casino bankroll investment is crypto-games. In a year you can earn easily more than 4% profit. But you need to be careful because this is not a guaranteed return and sometimes you may lose if someone wins a big amount. If your not a risk taker then better don't invest in casino bankroll investments.

If you're prepared to take on higher risk then you can hope for a higher reward. There's also margin lending on exchanges but the rates vary depending on the market. I don't know of anything else offering fixed interest.

[piloder]

do you know any more deposoting services with interest about 4%?

I think freebitco.in is also providing this 4% from their casino profit (multiplier game) because they have very high house edge so their dice might be making more than 4% annual return.

But as they are providing fix interest on your investment which is quite risk free in terms of return but its not totally riskless because you don't have any control over your invested amount.

Yolodice is another site that allows you to take leverage on your investment which will multiply your actual investment by 10 folds so both return and risk of loss will multiply by 10x.

Good luck, all types of investment is subject to market risk.

[Pursuer]

do you know any more deposoting services with interest about 4%?

I don't know any such services who can provide a fixed interest for your bitcoins.

That's why what I do is I take some extra risks and invest some of my bitcoins and other coins in casino bankrolls. One of my best casino bankroll investment is crypto-games. In a year you can earn easily more than 4% profit. But you need to be careful because this is not a guaranteed return and sometimes you may lose if someone wins a big amount. If your not a risk taker then better don't invest in casino bankroll investments.

how can someone be careful about something that is out of his hands? I mean when you invest in a casino bankroll, it is not up to you to change what happens. you invest what you can afford to lose (like any investment) and then it is pure luck and also honesty of the casino to whether scam you or not because there is no way of proving the fairness of the investment part of the casinos! for example a whale winning big time may not even be a real person!

as for investment the only other sure thing I know of was investing a large amount of bitcoin (I think 100BTC was min) in a mixer (bitmixer.io to be exact, which closed down a while back). but generally if you invest in a real business you should be able to get a good profit and with low risks and higher rewards. the problem is finding that business and also having a larger amount of bitcoin than 1-2BTC for instance.

[SyGambler]

do you know any more deposoting services with interest about 4%?

I don't know any such services who can provide a fixed interest for your bitcoins.

That's why what I do is I take some extra risks and invest some of my bitcoins and other coins in casino bankrolls. One of my best casino bankroll investment is crypto-games. In a year you can earn easily more than 4% profit. But you need to be careful because this is not a guaranteed return and sometimes you may lose if someone wins a big amount. If your not a risk taker then better don't invest in casino bankroll investments.

how can someone be careful about something that is out of his hands? I mean when you invest in a casino bankroll, it is not up to you to change what happens. you invest what you can afford to lose (like any investment) and then it is pure luck and also honesty of the casino to whether scam you or not because there is no way of proving the fairness of the investment part of the casinos! for example a whale winning big time may not even be a real person!

as for investment the only other sure thing I know of was investing a large amount of bitcoin (I think 100BTC was min) in a mixer (bitmixer.io to be exact, which closed down a while back). but generally if you invest in a real business you should be able to get a good profit and with low risks and higher rewards. the problem is finding that business and also having a larger amount of bitcoin than 1-2BTC for instance.

any investment has its own risks and you can decide if you should go for it or not , whether it's freebitcoin or other gambling site there is always a good reward to consider
the 4% a year is kinda good , the only thing you may worry about is freebitcoin running with the money but I doubt this will even happen

investing in casinos should bring stable income too , it's not about wether you can control the outcomes or not , it's about the EV
so anytime you decide to use your money in order to make more money there is a risk , but when you are doing it correct and investing in a good EV you should be fine

[TheQuin]

investing in casinos should bring stable income too , it's not about wether you can control the outcomes or not , it's about the EV
so anytime you decide to use your money in order to make more money there is a risk , but when you are doing it correct and investing in a good EV you should be fine

I wouldn't be so sure on that. High rollers can and do hit bankrolls hard from time to time. Particularly if the site is offering leverage, I have been on the wrong end of that before, losing ~30% to one gambler. This is a much lower level of risk than investing in a bankroll but is balanced by the reward being limited to a fixed rate.

[onlinedragon]

think it was 30k before,not 3k
but reducing the fee is a good thing whichever way you look at it
sadly,I got suckered in playing Hi-lo and postponed my possible withdrawal to some very distant future
but will keep claiming it ,lazily,just to have chances to win the lottery

The weekly withdrawal fee was and still is 3k, you can check it now. We're not making the change until next week. It's the minimum withdrawal amount that is 30k.

I see,my bad thought 30k was the fee as well as the minimum withdrawal amount
any plans to lower the withdrawal amount? since 14 satoshi claims will take around a year to get to a minimum

To reach minimum withdrawal amount one needs to claim 2143 times with the current 14 santoshi per claim. If one claim around 10 times a day also they need around 214 days ( around 10 to 11 months) to reach that minimum withdrawal amount (around $2 to earn as per current BTC price). If one does this calculation I don't think they will waste their time to claim money to withdraw instead they may claim either to buy lottery or spend on a hi-low game.

So it's not only me who just receive 14 satoshi for each freeroll, thought at first that mine account was blacklisted when they lowered the reward again. Didn't use this website for a few months and at that time it was one of the faucets with the highest rewards. Sad story that everything with a good reward gets massively abused by a group of people.

[poptok1]

@myfe, wetsuit, anybody
I just scrolled back few pages but have found nothing about upcoming updates.
Are there any news regarding new features and changes, we should be aware of?
Wasn't tracking the thread for quite some time now, so mind my lack of knowledge.
Cheers to anyone that can answer my Q. (actually cheers 4 all - 1merit for the informer)

[Oilacris]

FWIW I agree about the name but I'm not the boss. He wants to get away from the 'free' bit of the name and make it more of a non-KYC exchange come gambling site.

Im with Betwrongs suggestion that the name should be the same because it do already marked into minds of lots of people into this crypto-market and we do know how popular this site but as you said you are not the boss.I dont see any problems with that 'free' tag on its name since this is where the site gain its popularity. Talking about into exchange matter im quiet excited with that one but would really takes time for such transition.

I second TheQuin's opinion, I think wetsuit wants to change people's perceptions of the site
wetsuit wants to detach the 'free' from his site and create new name to make it sound better when he introduces more features to the site
keeping the word 'free' would bring problems later as people would feel mislead by the word 'free'
they would expect the 'free' stuff is dominant on the site while wetsuit intends to make core of the site as business

This would mainly affect the traffic of this site and will see whose loyal or true players on such site without relying into its previous generous faucet amount claims.It wont really be abused anymore.

think it was 30k before,not 3k
but reducing the fee is a good thing whichever way you look at it
sadly,I got suckered in playing Hi-lo and postponed my possible withdrawal to some very distant future
but will keep claiming it ,lazily,just to have chances to win the lottery

The weekly withdrawal fee was and still is 3k, you can check it now. We're not making the change until next week. It's the minimum withdrawal amount that is 30k.

I see,my bad thought 30k was the fee as well as the minimum withdrawal amount
any plans to lower the withdrawal amount? since 14 satoshi claims will take around a year to get to a minimum

To reach minimum withdrawal amount one needs to claim 2143 times with the current 14 santoshi per claim. If one claim around 10 times a day also they need around 214 days ( around 10 to 11 months) to reach that minimum withdrawal amount (around $2 to earn as per current BTC price). If one does this calculation I don't think they will waste their time to claim money to withdraw instead they may claim either to buy lottery or spend on a hi-low game.

So it's not only me who just receive 14 satoshi for each freeroll, thought at first that mine account was blacklisted when they lowered the reward again. Didn't use this website for a few months and at that time it was one of the faucets with the highest rewards. Sad story that everything with a good reward gets massively abused by a group of people.

At first i was quiet confused why the claim amount did decrease compared in the past until i do read up such update from them. Based on those calculation by MinerHQ it would be just a totally waste of time to stick out yourself on having a target to cashout with just focusing on faucet claims it would be more worthy if it would be used on buying lottery tickets. All we do know that nothing last forever and the good days is already over.

[MinerHQ]

do you know any more deposoting services with interest about 4%?

I don't know any such services who can provide a fixed interest for your bitcoins.

That's why what I do is I take some extra risks and invest some of my bitcoins and other coins in casino bankrolls. One of my best casino bankroll investment is crypto-games. In a year you can earn easily more than 4% profit. But you need to be careful because this is not a guaranteed return and sometimes you may lose if someone wins a big amount. If your not a risk taker then better don't invest in casino bankroll investments.

how can someone be careful about something that is out of his hands? I mean when you invest in a casino bankroll, it is not up to you to change what happens. you invest what you can afford to lose (like any investment) and then it is pure luck and also honesty of the casino to whether scam you or not because there is no way of proving the fairness of the investment part of the casinos! for example a whale winning big time may not even be a real person!

as for investment the only other sure thing I know of was investing a large amount of bitcoin (I think 100BTC was min) in a mixer (bitmixer.io to be exact, which closed down a while back). but generally if you invest in a real business you should be able to get a good profit and with low risks and higher rewards. the problem is finding that business and also having a larger amount of bitcoin than 1-2BTC for instance.

My meaning for careful is nothing but if your not a risk taker then stay away from such investments.

Even if you invest in a real business your still taking a risk unless your managing that business. Because once you invest in other people businesses then you lose control of your funds unless your a part of decision taking a team in that business.

If one wants to grow their money over the time then they have to take some extent of risks otherwise they may need to fix with bank fixed deposits.

[whanethewhip]

This all sounds so familiar: increase in withdraw requirements, decrease in minimum roll rewards, issues with inaccurate commission payouts that "shouldn't happen". I believe it was late August 2016 when I was asking about these same issues. I was never quite satisfied with the answers.

Freebitco.in is successful because it offers that chance to get lucky for free.

I would contend that FBC is successful for the same reasons all casinos and gambling sites are successful, because they pull in money and pay out very little in comparison.

And time is not free. In fact, some would even say that time is money. For example, if I login every day and roll 6 times and repeat this every day for about a year then I can finally withdraw a whopping 30,000 satoshi ($2). I find more money than that every week just walking to and from the store picking up change that is dropped on the ground.

So if you have made 5k from the free rolls you can deposit 25k and withdraw 30k.

True, and pay fees both times. I disagree that this is a good solution.

Send: 0.00025000 (fee: 0.0000113)
Withdraw: 0.00030000 (fee: 0.00003000)
-----
Total costs:  0.0000413.
Total gain: 0.00005000
Translation in current USD value. It costs 28 cents to withdraw 43 cents. My net gain would be 15 cents. No thanks.

If you do not want to gamble you can keep a balance above $50 to not have reduced rewards.

$50 is a heavy premium for the privilege of earning $2 every 6 months.

Additionally, the balance needed to have no captcha is $100.

So for $100 you allow the use of a macro?

[TheQuin]

Time is not free. In fact, some would even say that time is money.

Gambling is entertainment, not a job.

True, and pay fees both times. I disagree that this is a good solution.

Send: 0.00025000 (fee: 0.0000113)
Withdraw: 0.00030000 (fee: 0.00003000)
-----
Total costs:  0.0000413.
Total gain: 0.00005000
Translation in current USD value. It costs 28 cents to withdraw 43 cents. My net gain would be 15 cents. No thanks.

Why would you use the weekly withdrawal while we currently offer a slow withdrawal at 0.00000040 BTC?

[whanethewhip]

Sorry, you missed a couple of questions. I didn't realize you would be so fast to reply while I was adding to my previous post.

Gambling is entertainment, not a job.

Why are you arguing points that I did not breach while ignoring the point that I did? Both require time and therefore both have a time-value.

Why would you use the weekly withdrawal while we currently offer a slow withdrawal at 0.00000040 BTC?

If you think that some of the choices you offer are bad, then why do you offer them?