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[MinerHQ]

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?

They do not have a good support team here to respond faster.

[NDS17]

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...

[Kakmakr]

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...

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I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site.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/

  

[TheQuin]

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...

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I would like to know from my fellow Freebitco.in users, how many of you have actually used the money that you withdrawn from this site.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.

[Erza]

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

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

[chris200x9]

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...

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.

[Kakmakr]

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...

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.  - 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. 

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.

[TheQuin]

#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.

[Kakmakr]

#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.   ... 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.>  

[TheQuin]

#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.   ... 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.

[Thirdspace]

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

[Kakmakr]

#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.   ... 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

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 > 

[TheQuin]

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.

[adaseb]

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.

[A Confused Shoe]

Unless you get very lucky with the faucet, most people aren't getting lots of satoshi's from that avenue. Saving up RP to buy RP boosters and subsequently "Free BTC Bonus" boosters though...

...now that's a different story.

[michkima]

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.

Yeah, the memory pool is quite empty now but fees should really not even be so volatile as well. Mass adoption of segwit might indeed improve the situation, but problem is a lot of services are pretty much stubborn to implement segwit. I think there aren't a lot of companies or service that have massively encouraged the use of segwit there are only a few.

[NDS17]

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...

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/

  

Sorry, but I learn freebitco.in very well since I've joined it about 2 years ago. I'm not a newbie Unfortunately I'm a looser more than newbie:
https://i.imgur.com/0ApWh1y.png

[chris200x9]

Sorry, but I learn freebitco.in very well since I've joined it about 2 years ago. I'm not a newbie Unfortunately I'm a looser more than newbie:

I think you have chosen a wrong site to play dice game because you already know that this site has got 5% bankroll which will be eaten up your money even faster.

You need to be lucky to make a money from this game and our experience will not matter much. 6+ BTC is not a small amount at current market price so you should know now gambling is not for making money.

[Bitinity]

Sorry, but I learn freebitco.in very well since I've joined it about 2 years ago. I'm not a newbie Unfortunately I'm a looser more than newbie:
https://i.imgur.com/0ApWh1y.png

I think you have chosen a wrong site to play dice game because you already know that this site has got 5% bankroll which will be eaten up your money even faster.

You need to be lucky to make a money from this game and our experience will not matter much. 6+ BTC is not a small amount at current market price so you should know now gambling is not for making money.

A little bit correction, it should be 5% House Edge instead of Bankroll.
I do not think he is wrong to play at freebitcoin, maybe he like it so much so he do not really care about house edge or maybe he did not notice that it has higher house edge compared to usual dice game.
I'm wondering, when did he lose that much BTC. If it was happened years ago, means that he lost few thousands or even few hundreds dollar only. But if he lost it in the last few months then it is so big amount.

[Don Pedro Dinero]

A little bit correction, it should be 5% House Edge instead of Bankroll.
I do not think he is wrong to play at freebitcoin, maybe he like it so much so he do not really care about house edge or maybe he did not notice that it has higher house edge compared to usual dice game.
I'm wondering, when did he lose that much BTC. If it was happened years ago, means that he lost few thousands or even few hundreds dollar only. But if he lost it in the last few months then it is so big amount.

Yeah, HE only means you are going to lose your money faster on average. You may choose to play at freebitco.in because you like it for other reasons.

And I think the lottery tickets and reward points they give you when playing the multiply game decrease HE, am I right?