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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 327880 times)
sikkan
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March 08, 2017, 10:55:42 AM
 #2101

I must say I´m impressed! From a pure faucet to dice, invest, lotto, mining and stuff you have really come a long way! GZ to you guys Smiley

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March 08, 2017, 11:01:59 AM
 #2102


Also, below is a signed message from the address that we use for mining (also available in the website in the EARN BTC page):

Address:
Quote
176sh81PQupUsFyX6hNL2PTYydSuL7Wu73
Message:
Quote
This is the FreeBitco.in mining address where payouts from our mining operation are received.
Signature:
Quote
G/9zZX+eSDxwZ78L9IIpEabi2BDdzAH67/mGRxozOsSdWxWhunooqPEBlEVKdkS735hN/AbYTXssD57TLsrSO5k=

Can be verified using your bitcoin client or at http://www.coinig.com.
Quoted and Confirmed via coinig

With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?
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March 08, 2017, 11:09:24 AM
 #2103


"Your FreeBitco.in account is now also a bitcoin savings account!"

Congratulation Freebitco.in and @wetsuit! Very interesting idea! I am impressed with your marketing skills!
This is an example of how much can be done with patience and consistent actions!
I wish you many years of management like this and many further great ideas!
Well done!

Thank you for the kind words!

We have now updated the page to include a signed message from the bitcoin address that we use for mining to prove that we actually do mine. You can also see our mining power at https://slushpool.com/stats/hall-of-fame/ (bottom left table, with username wetsuit) and at https://www.miningrigrentals.com/rigs/35192. The total of both places should be around 5.3 Petahashes but we have another 1.3 PH ordered and awaiting delivery (should be active in 7-10 days) and then another 0.6 PH in 1-2 weeks after that which should bring us to more than 7 PH. The additional capacity will show up at Slush pool when it has been installed.

Also, below is a signed message from the address that we use for mining (also available in the website in the EARN BTC page):

Address:
Quote
176sh81PQupUsFyX6hNL2PTYydSuL7Wu73
Message:
Quote
This is the FreeBitco.in mining address where payouts from our mining operation are received.
Signature:
Quote
G/9zZX+eSDxwZ78L9IIpEabi2BDdzAH67/mGRxozOsSdWxWhunooqPEBlEVKdkS735hN/AbYTXssD57TLsrSO5k=

Can be verified using your bitcoin client or at http://www.coinig.com.

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

 
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paul gatt
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March 08, 2017, 11:17:41 AM
 #2104

This is one of the longest and most reputable faucets I have ever known, although it is quite a bit, but we can earn more with bonus activities and redemption coupons. In addition, we can also play gambling here, traditional games but special, it is very interesting. I have been using it, but I was not lucky enough to participate in the games here, I hope someday lucky to come to me. Do not be discouraged when you can not reach the desired amount
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March 08, 2017, 11:24:54 AM
 #2105

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


With 4.08% interest annually, it's higher than interest on bank (around 2-3% annually).
Is there any assurance if something bad happened (hope not) with our money?


We plan to expand quite conservatively and do hedge against the bitcoin price rising too quickly or the mining difficulty jumping to ensure that we always make a profit in bitcoin (not only in USD). This way, growth is slower but profits are consistent and fairly predictable.

If you mean that we could run away with your money, that is always a possibility but we probably stand to make more by running a honest business than by scamming. Also, it is a bit difficult to "run away" with a million dollars+ worth of equipment weighing a few tons. It wouldn't be too difficult for someone to track us or our miners. We have already invested over 1,000 bitcoins in the mining operation and unlike most other cloud mining service we do provide actual proof of mining.

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March 08, 2017, 11:32:52 AM
 #2106

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


You misunderstood me Smiley I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power?

 
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March 08, 2017, 11:37:44 AM
 #2107

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


You misunderstood me Smiley I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power?

Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.

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March 08, 2017, 11:57:30 AM
 #2108

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


You misunderstood me Smiley I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power?

Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.

Fair enough! One more time congratulation of impressive progress!
With pleasure I will watch further development and waiting for new ideas!
Good luck!

 
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March 08, 2017, 02:48:28 PM
 #2109

Wait a minute, @wetsuit is the owner of this great faucet?? I didn't knew that Cheesy

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March 08, 2017, 04:52:20 PM
 #2110

I was posting some time ago about seeing no ads on freebitco.in but now there is an ad for "The Bitcoin Aggregator" and I see some others sometimes. I'm wondering do we see different ads in different parts of the world?

Btw, from my point of view FreeBitco.in is the best bitcoin faucet in the world. They always pay on time.

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March 08, 2017, 05:03:35 PM
 #2111

Wait a minute, @wetsuit is the owner of this great faucet?? I didn't knew that Cheesy
Yes he is owner of this faucet
I was posting some time ago about seeing no ads on freebitco.in but now there is an ad for "The Bitcoin Aggregator" and I see some others sometimes. I'm wondering do we see different ads in different parts of the world?

Btw, from my point of view FreeBitco.in is the best bitcoin faucet in the world. They always pay on time.
Yes freebitco is doing different adds for different part of world yes its best faucet for long time because paying surely every week
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March 08, 2017, 05:51:04 PM
 #2112

Now you blow up my mind! So I understand that mining is to cover interst of deposits/account balance, right? Or maybe you think also about renting some power - I mean something like cloud mining?

We buy and own all our miners, we do not rent "cloud mining" power because 75% of them are ponzi's and the remaining 25% are almost always unprofitable.


You misunderstood me Smiley I know that miners are yours. I'm asking if you think to open in future something like cloud mining service and rent your power?

Simply buying cloud mining power will most certainly not be profitable for users because they usually do not hedge against price and difficulty increases. We would prefer to manage everything ourselves and just give a fixed return to the user so that the investment is truly passive and risk-free for them.

Sorry, but this sounds fishy to me.

I'm with you from the start, my ref number is 78, i still constantly use your faucet as a way to check bitcoin price and i have spammed it everywhere during the first times, althought my ref income is low Smiley

After many years and many shitstorms, seeing how your site managed to remain smooth and clean, i started to think to freebitco.in as one of the most trusted entity of the bitcoin ecosystem, but when today i saw the "money from nothing" announce i got worried and come here to check.

If you want to start a mining operation i think that you might need a different site or at least a link to a detailed thread in this forum, because you know why this community is concerned about cloud mining operations, and on freebitco.in i actually can't read anything about cloud mining.

I whish you the best luck,

Erre

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

Tip me using the LIGHTING NETWORK! -->https://tippin.me/@Erre96344121
spatifilium
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March 08, 2017, 09:20:22 PM
 #2113

I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this
klf
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March 09, 2017, 01:47:58 AM
 #2114

I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this


Maybe that is the strategy what they also want to use because most of the people will not gamble on this site due to their high house edge but when you already have a funds readily available then people may temp to try their luck and end up lose more money than they earn from the interest. But it is a good move from the site.
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March 09, 2017, 02:35:07 AM
 #2115

I think that giving interest is an excellent strategy, that yet no one has, and freebitcoin is also a casino.
A lot of people will come and make a deposit for interest, but people are greedy, they will try their luck gambling to gain more and will lose what they have
I know by myself when I have money in my pocket then I spend it
I think that the page will only get with this


Well done Sherlock! Cheesy


Maybe that is the strategy what they also want to use because most of the people will not gamble on this site due to their high house edge but when you already have a funds readily available then people may temp to try their luck and end up lose more money than they earn from the interest. But it is a good move from the site.
It is much more complicated. Of course it is about hi-low game. When you have money more closer to gambling game it is much easier to spend them. But this idea is much more interesting.. They have already huge group of "clients". Around 30 -40% of Bitcoin users know what is freebitco.in - it means that they already have very big trust points in cryptocurrency community - now they just need to open something like sports betting or lending service Smiley Waiting for that! Good luck guys!

 
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spatifilium
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March 09, 2017, 11:40:41 AM
 #2116

If you do not have large sums of BTC you can not earn much

maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank

maybe he's going to freebitco.in visa debit card, a logical step forward
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March 09, 2017, 11:46:53 AM
 #2117

If you do not have large sums of BTC you can not earn much

maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank

maybe he's going to freebitco.in visa debit card, a logical step forward
one thing I know for sure, OP is doing well planned steps each time. If he goes that way it's because it is a viable option for the good of him and members!

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March 09, 2017, 01:12:20 PM
 #2118

If you do not have large sums of BTC you can not earn much

maybe trying to be something like a bank people will just keep the money there and will not touch them, let them be there and collect interest for a rainy day, so there will be not so many payment and withdrawal from page, typical Ponzi scheme practiced by real bank

maybe he's going to freebitco.in visa debit card, a logical step forward
He is not forcing any one to deposit its faucet and if you want interest then keep your coins if not then you can withdraw as usual its simple you cannot say its ponzi for other promotions if he is doing work then its not bad at all as any one have right to improve his income
jamyr
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March 09, 2017, 01:26:22 PM
 #2119

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

LuanX3
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March 09, 2017, 01:52:01 PM
 #2120

I wonder how this "legend" site have started. It may sound silly but when I am new to bitcoin, (that means about a year ago), I got addicted to freebitco.in . The simplicity of the site, is best for newbies/beginners. Although, it may also be the reason why a newbie would turn out to be a gambler.(self-experience).

I would say it was successful because of the name. People really believed it was free and that you'll get free bitcoins. But in reality the website was not a faucet site but really a gambling site where a lot of new bitcoin users get addicted to it and by trying to get the jackpot every time. I think more than 50% of current bitcoin users have used freebitco.in when they started.
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