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Author Topic: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!  (Read 299926 times)
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February 12, 2019, 11:14:07 AM
 #8121

You can exchange 100,000 RP for 200,000 satoshis, that's right. But with that amount of RP you can redeem it 31 times for obtaining 1000% bonus on minimum free roll wins. It is 616 sats per hour currently. I don't think it's feasible to claim the faucet 24 times per day, but 14 times per day seems pretty possible.

616 x 14 = 8,624

8,624 x 31 = 267,344

So, it appears that currently redeeming RP for the 1000% bonus is better than exchanging them for satoshis at the rate 0.00000002 BTC per RP.

If I have the max bonus applied, does this still stack? Assuming base is at 1.1k sats
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February 12, 2019, 11:26:39 AM
 #8122

You can exchange 100,000 RP for 200,000 satoshis, that's right. But with that amount of RP you can redeem it 31 times for obtaining 1000% bonus on minimum free roll wins. It is 616 sats per hour currently. I don't think it's feasible to claim the faucet 24 times per day, but 14 times per day seems pretty possible.

616 x 14 = 8,624

8,624 x 31 = 267,344

So, it appears that currently redeeming RP for the 1000% bonus is better than exchanging them for satoshis at the rate 0.00000002 BTC per RP

There are only 28 days in this February

Kidding aside, we shouldn't forget that we are also earning reward points while we free roll. But that's not all. Rolling 14 times a day, you can make 434 (14x31) rolls with 1000% bonus applied, and it is possible that you may hit higher tiers during that time. It is not set in stone, of course, but you hit them pretty regularly nevertheless (at least, the first two). So you can't discard this possibility either. Maybe, there are some other factors at play here which I'm not familiar with. If anyone knows about them, you are welcome to chime in

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February 13, 2019, 03:53:02 AM
 #8123

Well, you may then ask, what's this faucet actually for, but it seems to me that you should address this question to support

As I remember it Bitcoin faucets where originally intended to introduce new people to using Bitcoin, this increased the adoption rate which in turn helps to increase the price. Many faucet owners also aimed to make a profit by selling advertising space to cover their costs and a bit more. That is how freebitco.in started but as the advertising market evolved it wasn't possible to continue so gambling income replaced it. The faucet also lets people try out the site risk-free before they decide if they want to deposit and play so it helps increase our reach as a gambling site both with Bitcoin noobs and more experienced Bitcoiners.

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February 13, 2019, 08:16:43 AM
Merited by Betwrong (1)
 #8124

You can exchange 100,000 RP for 200,000 satoshis, that's right. But with that amount of RP you can redeem it 31 times for obtaining 1000% bonus on minimum free roll wins. It is 616 sats per hour currently. I don't think it's feasible to claim the faucet 24 times per day, but 14 times per day seems pretty possible.

616 x 14 = 8,624

8,624 x 31 = 267,344

So, it appears that currently redeeming RP for the 1000% bonus is better than exchanging them for satoshis at the rate 0.00000002 BTC per RP

There are only 28 days in this February

Kidding aside, we shouldn't forget that we are also earning reward points while we free roll. But that's not all. Rolling 14 times a day, you can make 434 (14x31) rolls with 1000% bonus applied, and it is possible that you may hit higher tiers during that time. It is not set in stone, of course, but you hit them pretty regularly nevertheless (at least, the first two). So you can't discard this possibility either. Maybe, there are some other factors at play here which I'm not familiar with. If anyone knows about them, you are welcome to chime in

It doesn't matter how many days in the months there are, he's just calculating 100,000 RP divided for the bonus = about 31 times.

I have at at maximum done 15 times in 24 hours, even if I stay up I don't always see my phone. I think a more reasonable average is 10 times.

If Bitcoin becomes $2500 then RP x3 satoshi is much more worth it plus instant.

Don't forget if you exchange 200k satoshi you also earn daily interest for nothing.

If you have time, go for bonus... if you don't, go for exchange.

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February 13, 2019, 11:10:24 AM
 #8125

~

It doesn't matter how many days in the months there are, he's just calculating 100,000 RP divided for the bonus = about 31 times.

That's right. You have to redeem 3,200 RP to obtain 1000% bonus for the next 24 hours after redemption. And what I meant was that instead of exchanging 100,000 RP for 200,000 satoshis, you could do that redemprion 31 times with 100k RP:

100,000 : 3,200 = 31.25


I have at at maximum done 15 times in 24 hours, even if I stay up I don't always see my phone. I think a more reasonable average is 10 times.

Agreed again. I'm a long time user of freebitco.in, and I can say that in reality it's hard to claim the faucet more than 10 times per day.

If Bitcoin becomes $2500 then RP x3 satoshi is much more worth it plus instant.

I don't understand this. The price of 1 RP is 0.00000002 BTC, as far as I know. Or, do you mean something else?

Don't forget if you exchange 200k satoshi you also earn daily interest for nothing.

If you have time, go for bonus... if you don't, go for exchange.

This I don't understand either. What kind of exchange do you mean?

I have 0.0075 BTC on my freebitco.in balance currently, and my daily interest is 0.00000082 BTC, which is being paid regularly, each day. Maybe by "exchange" you meant "deposit"?

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February 13, 2019, 11:21:37 AM
 #8126

This I don't understand either. What kind of exchange do you mean?

I have 0.0075 BTC on my freebitco.in balance currently, and my daily interest is 0.00000082 BTC, which is being paid regularly, each day. Maybe by "exchange" you meant "deposit"?

I can confirm there is no exchange hidden within the site. He must have meant 30K satoshis in the account Grin
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February 13, 2019, 11:33:52 AM
 #8127

Well, you may then ask, what's this faucet actually for, but it seems to me that you should address this question to support

As I remember it Bitcoin faucets where originally intended to introduce new people to using Bitcoin, this increased the adoption rate which in turn helps to increase the price. Many faucet owners also aimed to make a profit by selling advertising space to cover their costs and a bit more. That is how freebitco.in started but as the advertising market evolved it wasn't possible to continue so gambling income replaced it

Yeah, I remember how it started

As I had been sticking around when it happened. At first the faucet was showing a lot of ads, and people were discussing how long it would last till Google banned the site as it seemed that the owner had been violating some of their rules (this was only an assumption, I don't know if it really was so). Then I come back and see no ads any more. Looks like Google finally banned the faucet (just kidding)

There are only 28 days in this February

It doesn't matter how many days in the months there are, he's just calculating 100,000 RP divided for the bonus = about 31 times

That was meant to be a joke, sorry for the confusion it caused

Don't forget if you exchange 200k satoshi you also earn daily interest for nothing.

If you have time, go for bonus... if you don't, go for exchange.

This I don't understand either. What kind of exchange do you mean?

He obviously meant exchanging reward points for satoshi

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February 13, 2019, 12:54:06 PM
 #8128

If Bitcoin becomes $2500 then RP x3 satoshi is much more worth it plus instant.

I don't understand this. The price of 1 RP is 0.00000002 BTC, as far as I know. Or, do you mean something else?


Reward Point redemption price is linked to the BTCUSD exchange rate, so if Bitcoin falls it will go up to 3 sats and if it goes up then it will fall back to 1 sat.

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February 13, 2019, 07:11:53 PM
 #8129

It definitely all varies, one positive to lower BTC price is people get a little more on the faucet and then when price goes back up its also carrying that gain

Quote
I don't think it's feasible to claim the faucet 24 times per day, but 14 times per day seems pretty possible.
You lack dedication, its definitely feasible.   Anyone whose worked shifts could do such a thing, maybe an alarm or two helping.   Its not a big thing to wake a couple seconds every hour, depends how much is on the line to justify it tbh

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February 13, 2019, 07:21:44 PM
Last edit: February 13, 2019, 07:34:14 PM by ElGringoMalo
Merited by Betwrong (1)
 #8130

~

It doesn't matter how many days in the months there are, he's just calculating 100,000 RP divided for the bonus = about 31 times.

That's right. You have to redeem 3,200 RP to obtain 1000% bonus for the next 24 hours after redemption. And what I meant was that instead of exchanging 100,000 RP for 200,000 satoshis, you could do that redemprion 31 times with 100k RP:

100,000 : 3,200 = 31.25


I have at at maximum done 15 times in 24 hours, even if I stay up I don't always see my phone. I think a more reasonable average is 10 times.

Agreed again. I'm a long time user of freebitco.in, and I can say that in reality it's hard to claim the faucet more than 10 times per day.

If Bitcoin becomes $2500 then RP x3 satoshi is much more worth it plus instant.

1) I don't understand this. The price of 1 RP is 0.00000002 BTC, as far as I know. Or, do you mean something else?

Don't forget if you exchange 200k satoshi you also earn daily interest for nothing.

If you have time, go for bonus... if you don't, go for exchange.

2) This I don't understand either. What kind of exchange do you mean?

I have 0.0075 BTC on my freebitco.in balance currently, and my daily interest is 0.00000082 BTC, which is being paid regularly, each day. Maybe by "exchange" you meant "deposit"?
1) the conversion rate is not fixed beacuse btc value change, but is related to claim prize in this way: minimun prize 0-30sat=1point to 1satoshi; prize 31-60sat=1point to 2sat; prize 61-90sat=1point to 3sat etc. Now minimun is 56sat so we are in the second "zone" 1point=2sat. (but updating is not istant, probably is manually setted instead of auto...)
2) i think he was meaning that if you got enough time and can do a lot of claims redeem a bonus is a good idea, if you cannot do claims conversion (exchange) is a better solution. In fact there is no sense to redeem a bonus when you can do only few claims in 24h activation time, some people can do 16/17+ claims and other only a bunch.

ps. Bep for bonuses points is ALWAYS 12claims during activation (each bonus costs exactly 12times of points it produces for every claim) but bonuses for btc are a bit harder to calculate... The cost is fixed but the minimum prize can change so its better to use them when prize is "in the 2nd part of each 30sat step". So: prize 1-15=better conversion, prize 16-30=better redeem a bonus; prize 31-45=conversion, prize 46-60=bonus. For example now we have 56sat minimum and +1.000%sat bonus costs 3.200points=616sat per claim. Conversion rate is 1to2 so 3.200points=6.400sat. 11claims=6.776sat so if you redeem a bonus you need AT LEAST 11claims to get more points than conversion, if you can do more you can gain more, if you can do less go for exchange.
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February 13, 2019, 07:29:37 PM
 #8131

It definitely all varies, one positive to lower BTC price is people get a little more on the faucet and then when price goes back up its also carrying that gain

Quote
I don't think it's feasible to claim the faucet 24 times per day, but 14 times per day seems pretty possible.
You lack dedication, its definitely feasible.   Anyone whose worked shifts could do such a thing, maybe an alarm or two helping.   Its not a big thing to wake a couple seconds every hour, depends how much is on the line to justify it tbh
That's exactly what i do!  Grin
When i redeem bonuses (+100points and +500/1.000% at same time) i always set a 59:30 timer on my phone, when alarm rings is time ti claim. 17/18claims at day is possible if you have your phone on you, but people do work or school so is not always possible... In the week-ends with points promo is much better.
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February 13, 2019, 07:29:48 PM
 #8132

Hi, while I was checking my wallet balance (PS :  I use freebitcoin to store my BTC ) I have found that each amount I send to my wallet is being transferred instantly to that address : 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h and I assume it belongs to freebitcoin mods .
My question is , which type of wallet do they use ??  
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February 13, 2019, 08:28:32 PM
 #8133

Yeah, the original idea was the introduce people to bitcoin and make money from advertising but it grew a lot bigger than that. The idea was that people would come here, collect some small amount of bitcoin (which reconsidering now if people used this place couple years ago religiously and used the free faucet every day 10 times and saved that money they probably have thousands of dollars for free) and with a lot of visitors to the website freebitcoin were able to get a lot of advertisement money, I have seen them rake the most ad money there is out there among all websites.

However, after a while with lottery, gambling, rewards, investment and many other stuff it became something much bigger and something huge and now faucet is really not the main point of it. Its still a good portion of it but not the main attraction.

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tippytoes
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February 13, 2019, 11:51:54 PM
 #8134

Yeah, the original idea was the introduce people to bitcoin and make money from advertising but it grew a lot bigger than that. The idea was that people would come here, collect some small amount of bitcoin (which reconsidering now if people used this place couple years ago religiously and used the free faucet every day 10 times and saved that money they probably have thousands of dollars for free) and with a lot of visitors to the website freebitcoin were able to get a lot of advertisement money, I have seen them rake the most ad money there is out there among all websites.

However, after a while with lottery, gambling, rewards, investment and many other stuff it became something much bigger and something huge and now faucet is really not the main point of it. Its still a good portion of it but not the main attraction.

Exactly. At the time they started, the value of BTC is still not considerably high. But look at now, even in the bear market, I can consider that it has a significant value for most crypto users. Their development team didn't waiver to stop their developments as well.
Dean101448
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February 14, 2019, 01:11:07 AM
 #8135

Have you guys seen a drop in the betting as well or is it just my affiliates ? I wanted to check if that is because the bonus also affects the % we make from the affiliates or is it just my affiliates finally realized they are gambling Cheesy. I need to keep finding fresh affiliates constantly and even tough I make profit from them on the long run I have to keep spending that money on getting new ones and it becomes like a cycle instead of a stream after a while

Get used to that

I just checked and I have 122 referrals at the moment, while only 4 of them are currently active. Apart from reward points, I don't receive anything from them, so it is the best they can get out of FreeBitco.in by being a referral (other than being their own referral, of course)

As Alice from Wonderland says, you have to run just to stay in place, and if you wish to go anywhere you must run twice as fast as that. It is fully applicable to referrals, so if you want to earn from them (I don't), you have to always be looking for new ways to attract fresh referrals as you can't do much to keep the existing ones playing

That's because your referrals got tired of losing with their very low odds of winning. 
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February 14, 2019, 01:33:45 AM
 #8136

That's exactly what i do!  Grin
When i redeem bonuses (+100points and +500/1.000% at same time) i always set a 59:30 timer on my phone, when alarm rings is time ti claim. 17/18claims at day is possible if you have your phone on you, but people do work or school so is not always possible... In the week-ends with points promo is much better.

Psst, he forgot people have to sleep. Imagine waking up during the night just to claim. Cheesy
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February 14, 2019, 02:00:53 AM
 #8137

Why would anyone think they know better than the owners of the website ? Like what makes them so sure that their reason for drop of the prize is better than the actual owners of the website. They can even double check and see the results and when it started to went down, it is something provable as well. I really have no clue why someone would do something like this and insist on themselves being right with proof over people who tell them the reason with proof.

By the way I didn't know bots really did that, it must have been a good software for them when existed, wonder how much they managed to get out from the prizes before you guys banned them. Are there any attempts to do something shady by that type of people today ? Anyone tries to rob a free bitcoin place must be real pos, its a free bitcoin website, why would you want to bankrupt a place like this.


Because they rob their players, that's why.  They let anyone gamble regardless of Jurisdiction Laws including children.  They will take anyone's money.  Imagine using these settings on the console since I don't see a way to post screen shots:  Base bet 1 Sat, Odds set at 3, Stop Loss set at 1000 Sats, On win set to return to base bet, On lose increase bet to 65%, On hitting max bet/win return to base bet and their server completey ignored the settings.  After a win the Satoshi was to return to 1, So the next loss should of been 1 Sat, but was 1225 Sats, the game should of stopped but kept going adding 65% to each additional loss completely ignoring the stop loss set in place until Tens of Thousands of Satoshis were lost and I quickly pressed the stop button.  I reported the problem to whomever reads their emails and would be insulted to the point of being mentally retarded and being told to look words up in the dictionary.  I have been going back and forth with these people to the point where I am making formal complaints with the Authorities.  I mentioned I had Jesus on my side and their exact response was not only vulgar but also insulting to being a "Christian"  Here is their eye opening response which reflects that they are not professional in nature and are the theifs I claim they are:  Oh, f**k, a bible basher. That explains everything.

I removed the middle letters and replaced them with stars
docthusinh
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February 14, 2019, 03:19:27 AM
 #8138

Why would anyone think they know better than the owners of the website ? Like what makes them so sure that their reason for drop of the prize is better than the actual owners of the website. They can even double check and see the results and when it started to went down, it is something provable as well. I really have no clue why someone would do something like this and insist on themselves being right with proof over people who tell them the reason with proof.

By the way I didn't know bots really did that, it must have been a good software for them when existed, wonder how much they managed to get out from the prizes before you guys banned them. Are there any attempts to do something shady by that type of people today ? Anyone tries to rob a free bitcoin place must be real pos, its a free bitcoin website, why would you want to bankrupt a place like this.


Because they rob their players, that's why.  They let anyone gamble regardless of Jurisdiction Laws including children.  They will take anyone's money.  Imagine using these settings on the console since I don't see a way to post screen shots:  Base bet 1 Sat, Odds set at 3, Stop Loss set at 1000 Sats, On win set to return to base bet, On lose increase bet to 65%, On hitting max bet/win return to base bet and their server completey ignored the settings.  After a win the Satoshi was to return to 1, So the next loss should of been 1 Sat, but was 1225 Sats, the game should of stopped but kept going adding 65% to each additional loss completely ignoring the stop loss set in place until Tens of Thousands of Satoshis were lost and I quickly pressed the stop button.  I reported the problem to whomever reads their emails and would be insulted to the point of being mentally retarded and being told to look words up in the dictionary.  I have been going back and forth with these people to the point where I am making formal complaints with the Authorities.  I mentioned I had Jesus on my side and their exact response was not only vulgar but also insulting to being a "Christian"  Here is their eye opening response which reflects that they are not professional in nature and are the theifs I claim they are:  Oh, f**k, a bible basher. That explains everything.

I removed the middle letters and replaced them with stars

You can't beat the system by using their default bot, not only on this but any casino out there. The biggest problem of a martingale betting system is the spike aka losing streak, regardless of any martingale bet increasement. Betting on HI/LO or ALTERNATE any of these patterns: LLLLLL,HHHHHH, HLHLHL cant beat that spike problem. At some time it is skewed, more odd than even, more lo numbers than hi and vice versa.

Unless you have a method to normalize this problem then you can win, there is no "known" method out there or it is private / unreleased.
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February 14, 2019, 03:25:58 AM
 #8139

That's all?
I thought it was based from the increasing number of users that also increases the number of "free tickets" (from free rolls and referrals).
If it was based from bots, the overall prizes amount shouldn't be affected, they will be banned anyways; IMO, it's not related to the prizes at all.

If you look through the old results you'll see a very sharp drop in tickets after round 168 when we stopped paying out to them.
Okay, so the prizes were based from the number of "sold" tickets, not from the total number of tickets. Right?

No. All tickets increase the prizes.

Running tens of thousands of bot accounts gave them the tickets they deposited to purchase, tickets from free-rolls and then they spent free-roll winnings on more tickets. All of these tickets increased the prizes and with between 60%-80% of the tickets each week, was very profitable for them.

I am here to the link you provided explaining the decline in your lottery and because you say it, I guess we should take that as the gospel.  I am seeing many marketing emails encouraging users to promote your referral contest.  The "Average Joe" has a better chance of winning a prize in your lottery than the referral contest.  You stated the "Stop Loss" works with 100% accuracy which I proved it DOES NOT!  You also stated "Provably Fair" means NO ONE CAN PROVE IT WAS NOT.  You said anyone that complains on Social Media are "Winers" though forums were the first form of Social Media.  The beauty is I have all the emails!  I have never dealt with a business that insults the intelligence of their customers, one that uses vulgar language in an email response, or one that insults someone for their religious beliefs all for the sake of defending your position that you did not steal my money.  I showed you people in black and white as they say, though it was actual screen shots of gaming console settings and game logs.  I explained clearly that I was betting 1 Satoshi which was set to return to base bet upon winning which means if the next spin was a loss it should have been 1 Satoshi, not over 1,000 Satoshis, and when the "Stop Loss" was set to 1,000 it should have stopped betting but it kept going for many consecutive spins that were all losses until 50,000 Satoshis were lost.  The logs clearly showed showed an erratic problem or glitch but all I got was enlarged bold lettered LOL!  and the final response when I said "Jesus" was on my side you state: Oh, f**k, a bible basher. That explains everything.  (Middle letters removed so I don't display your foul language.
TheQuin
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February 14, 2019, 04:29:27 AM
 #8140

Hi, while I was checking my wallet balance (PS :  I use freebitcoin to store my BTC ) I have found that each amount I send to my wallet is being transferred instantly to that address : 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h and I assume it belongs to freebitcoin mods .
My question is , which type of wallet do they use ??  

That's the hot wallet we sweep deposits to. That and the hot wallets for withdrawals are Core and the cold wallet for safe storage is a Ledger.



Please allow me to introduce the imbecile that is trying to blackmail us by threating to report us to the FBI if we don't pay him.

and the final response when I said "Jesus" was on my side

That is exactly the arrogant shit that differentiates a bible basher from a religious person.

you state: Oh, f**k, a bible basher. That explains everything.  (Middle letters removed so I don't display your foul language.

You were lucky I was feeling polite that day.

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