FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest

[deisik]

I just invested approximately $50 in freebitco.in to gain interest payments. Let's see how it is going to end up in a couple of years after btc goes nuts

You definitely won't get much more than you get now

And if Bitcoin flies to the moon, the interest rates are likely to decline. I don't know your reasons for making this investment (I mean the interest accumulated will be small to make a real difference anyway), but have you tried investing in the casino bankroll of the dice sites which allow such investments and pay dividends from their earnings? While it may look riskier, but when you come to think of it, it is still the same systemic risk mostly (of hacks, inside jobs, extremely lucky whales, etc)

[1715055195]

1715055195

[1715055195]

1715055195

[1715055195]

1715055195

[1715055195]

1715055195

[1715055195]

1715055195

[1715055195]

1715055195

[mindrust]

I just invested approximately $50 in freebitco.in to gain interest payments. Let's see how it is going to end up in a couple of years after btc goes nuts

You definitely won't get much than you get now

And if Bitcoin flies to the moon, the interest rates are likely to decline. I don't know your reasons for making this investment (I mean the interest accumulated will be small to make a real difference anyway), but have you tried investing in the casino bankroll of the dice sites which allow such investments and pay dividends from their earnings? While it may look riskier, but when you come to think of it, it is still the same systemic risk mostly (of hacks, inside jobs, extremely lucky whales, etc)

The reason I chose freebitco.in is because it has been around since 2013. More than 5 years now. You won't find many businesses built around bitcoin which lasted more than 2 years.

I haven't tried any casinos as an investment yet. The one I would trust is primedice/stake but as far as I know they don't accept investors and I don't know any other trusted casino. There are a few but not as trusted as primedice imo and like you said the returns are still at risk.

What freebitco.in offers is risk free (other than the risk of freebitco.in turning itself into a scam which applies to almost every investment) and the motivation here is to collect as many satoshis I can while it is still cheap. I am not calculating the wealth in terms of dollars here. I simply want to get all the satoshis I can because I know they are going to worth a lot in a few years.

I remember freebitco.in used to give hundreds of satoshis. I made a mistake by not collecting those and now I am not making the same mistake again.

I might increase my investment to $100 but probably won't go higher because of the risk.

[solosss]

contributions were made in order to play MULTIPLY BTC and nothing more. That's why I'm asking for it back. But I'm not asking for a full refund, just a partial refund. Let some part remain for the damage I caused and the waste of time. Let the part will remain on the development of the service. I only ask to return at least some part of the funds invested by me. After all, 3 BTC is a lot of money for me and my family. The money to buy 3 BTC I took from the Bank on credit, so I ask you to return me at least part of my deposits, so that it would be easier for me to repay the loan.

I don't return funds to people I catch trying to steal from us. Stop being so pathetic and take responsibility for your own actions.

Every time we do something different to crack down on abuse I get a mixture of responses. The amateurs that have no idea what they are doing cry and beg like the idiot above. I got a strange support email yesterday from a really smart botter that worked out a very clever way to cheat.

https://i.snag.gy/NijZew.jpg

very funny)) I wonder how Botter learned your mail? you're hiding her so carefully.
the real botters are still in business, I am grateful for your innovations, you help me to develop.

I just invested approximately $50 in freebitco.in to gain interest payments. Let's see how it is going to end up in a couple of years after btc goes nuts . Having a few satoshis automatically every day as a passive income sounds quite alright to me especially while this service is here for years. I pretty much trust freebitco.in. Not with all my life savings though, it is quite hard to gain my trust.  

edit: I also realized now after I made a deposit now I can get the full faucet bonus instead of %30 of it which feels great.

Yes, $50 balance gaurantees full base reward. Add another $50 and all accounts with balances over $100 don't have to do a captcha.

This story took place, said first place of bitcoins in the account, and then steal, like the guy above. 3 bitcoins only one person, I imagine how much money you got this time.

[deisik]

I just invested approximately $50 in freebitco.in to gain interest payments. Let's see how it is going to end up in a couple of years after btc goes nuts . Having a few satoshis automatically every day as a passive income sounds quite alright to me especially while this service is here for years. I pretty much trust freebitco.in. Not with all my life savings though, it is quite hard to gain my trust. 

edit: I also realized now after I made a deposit now I can get the full faucet bonus instead of %30 of it which feels great.

Yes, $50 balance gaurantees full base reward

Somehow I missed that part

What is the minimum amount I have to deposit to get this "full base reward" and in which currency is it calculated exactly? To avoid possible misunderstanding, is it the same as "FREE BTC reward", which is now equal to 0.00001064 BTC? And if these are the same, will the full base reward remain the same as long as the minimum balance requirement is satisfied? Won't this reward diminish with the number of FREE BTC rolls increasing?

I haven't tried any casinos as an investment yet. The one I would trust is primedice/stake but as far as I know they don't accept investors and I don't know any other trusted casino. There are a few but not as trusted as primedice imo and like you said the returns are still at risk

Established casinos don't need outside money as they have enough dough on their own (a hint, they can even run signature campaigns)

[TheQuin]

very funny)) I wonder how Botter learned your mail? you're hiding her so carefully.

It is support(at)freebitco.in

the real botters are still in business, I am grateful for your innovations, you help me to develop.

The real botters are still trying but I've had success in stopping a couple of the biggest ones over the last week. One botter has been signing up thousands of new accounts every day. I started blocking his withdrawals and he thought he could get around it by making a large deposit before requesting a withdrawal. He lost 0.32 BTC trying that out and then switched off his bot. He'll be back with another idea soon.
Your bot, on the other hand, I don't want to stop. There is an individual person behind each one so it isn't multi-accounting abuse. You also seem to attract a high ratio of gamblers and you are very profitable for us.

What is the minimum amount I have to deposit to get this "full base reward" and in which currency is it calculated exactly? To avoid possible misunderstanding, is it the same as "FREE BTC reward", which is now equal to 0.00001064 BTC? And if these are the same, will the full base reward remain the same as long as the minimum balance requirement is satisfied? Won't this reward diminish with the number of FREE BTC rolls increasing?

It's not actually deposits, it is the current balance. You can get that through referral income or gambling as well as depositing.
The full base reward refers to the $0.002 for the lowest tier of the free-rolls payout table. There is a formula that measures a ratio of total free winnings against wagered amount and balance. Accounts that only play free will eventually have that base reward reduced to 33.5% of full reward. The $50 balance is enough on its own to give full reward for people that don't want to gamble. Accounts that wager need less than $50 balance. The exact same thing applies to playing without captcha but the requirements are higher ($100).

[raven7886]

contributions were made in order to play MULTIPLY BTC and nothing more. That's why I'm asking for it back. But I'm not asking for a full refund, just a partial refund. Let some part remain for the damage I caused and the waste of time. Let the part will remain on the development of the service. I only ask to return at least some part of the funds invested by me. After all, 3 BTC is a lot of money for me and my family. The money to buy 3 BTC I took from the Bank on credit, so I ask you to return me at least part of my deposits, so that it would be easier for me to repay the loan.

I don't return funds to people I catch trying to steal from us. Stop being so pathetic and take responsibility for your own actions.

Every time we do something different to crack down on abuse I get a mixture of responses. The amateurs that have no idea what they are doing cry and beg like the idiot above. I got a strange support email yesterday from a really smart botter that worked out a very clever way to cheat.

[im g]https://i.snag.gy/NijZew.jpg[/img]

Lol at the email. They did that on purpose because they wanted to help you out huh ? Yeah, sure why not. I can see they have broken english and do not write properly which means they are not from a country like usa or uk and even tough there are many places in earth that are advanced but doesn't speak english it looks like education on those countries are a bit better, considering he didn't have proper english that means he must have been from a third world country type place and even the small amount they could get away with could worth a decent amount in their country.

No matter how much they got away with (even if its small) they should be banned and punished for what they did but it won't stop idiots like these to actually try to find a way to make a buck or two, even 5 dollars a day is a lot of money in many countries so they will keep coming.

[cabalism13]

Does any one here have already claimed their rewards through faucet only? I just want to know if I were to start again using it and without playing on multiply, how long will it take me before I can make a withdrawal?

As far as I know freebitco.in doesn't require users to make a deposit before they can make a withdrawal request am i right?

[TheQuin]

Does any one here have already claimed their rewards through faucet only? I just want to know if I were to start again using it and without playing on multiply, how long will it take me before I can make a withdrawal?

As far as I know freebitco.in doesn't require users to make a deposit before they can make a withdrawal request am i right?

You are right that you can withdraw just from the faucet. It's difficult to answer the first part mainly because it depends on the BTCUSD exchange rate and also how lucky you get rolling high numbers. The free-roll reward amount is static in USD and the minimum withdrawal is 30,000 Satoshi. If Bitcoin were to crash back to the hundreds of dollars you would get there quickly but if it goes to the moon again it will take a lot longer.

[cabalism13]

... The free-roll reward amount is static in USD and the minimum withdrawal is 30,000 Satoshi. If Bitcoin were to crash back to the hundreds of dollars you would get there quickly but if it goes to the moon again it will take a lot longer.

So, it's quite the opposite, eh? Hmmm. So even if I tried to roll it every hour without being missed, I can still get a long period before I can make a withdrawal request... Well then, its now or never, maybe I'll just try it on my own and see it for myself

[ralle14]

Does any one here have already claimed their rewards through faucet only? I just want to know if I were to start again using it and without playing on multiply, how long will it take me before I can make a withdrawal?

Roughly, it would take a month or less maybe a few weeks to reach the minimum withdrawal assuming the price of BTC stays $3.5k for the entire month and the lowest payout to stay at 50 sats per claim.

TheQuin mentioned that there are some factors involve so the process could go faster or slower that includes the average claims you make in a day, active referrals,lottery wins.

[deisik]

What is the minimum amount I have to deposit to get this "full base reward" and in which currency is it calculated exactly? To avoid possible misunderstanding, is it the same as "FREE BTC reward", which is now equal to 0.00001064 BTC? And if these are the same, will the full base reward remain the same as long as the minimum balance requirement is satisfied? Won't this reward diminish with the number of FREE BTC rolls increasing?

It's not actually deposits, it is the current balance. You can get that through referral income or gambling as well as depositing

I meant if you had a small balance like 50k satoshi

The full base reward refers to the $0.002 for the lowest tier of the free-rolls payout table. There is a formula that measures a ratio of total free winnings against wagered amount and balance. Accounts that only play free will eventually have that base reward reduced to 33.5% of full reward. The $50 balance is enough on its own to give full reward for people that don't want to gamble. Accounts that wager need less than $50 balance. The exact same thing applies to playing without captcha but the requirements are higher ($100)

But what is the lowest requirement for the balance to have the highest full base reward?

Or the requirement for the highest tier of the free-rolls payout table which should mean the same thing as I see it (for those who don't gamble)? You say that $50 balance guarantees the full base reward. Does it mean that it is large enough and thus doesn't depend on the ratio of total free winnings against wagered amount and balance? That is, no matter how long you play free rolls, your full base reward won't be reduced to 33.5%. If it will, how much should be added to the balance to "make life full again"? And after all, could you write that formula so that we always knew where we stand in respect to this reward?

[TheQuin]

But what is the lowest requirement for the balance to have the highest full base reward?

There isn't one. If the wagered to free ratio is high enough you could have a zero balance and still get full base reward.

Or the requirement for the highest tier of the free-rolls payout table which should mean the same thing as I see it (for those who don't gamble)? You say that $50 balance guarantees the full base reward. Does it mean that it is large enough and thus doesn't depend on the ratio of total free winnings against wagered amount and balance? That is, no matter how long you play free rolls, your full base reward won't be reduced to 33.5%. If it will, how much should be added to the balance to "make life full again"? And after all, could you write that formula so that we always knew where we stand in respect to this reward?

I'm not going to give the actual formula so as not to encourage people to try and game it. Sometimes we find a lot of people doing that and have to tweak the formula.

We brought in the $50 and $100 limits so that the system doesn't penalise people with old accounts that made a lot of free-rolls back when BTC was around $200. It is very difficult for them to wager enough at $3,500 BTC to outweigh their total free winnings. So yes you are correct as long as you keep that $50 balance then your base reward will never be reduced.

[TheQuin]

Please explain which is not multi-accounting abuse.
I became confused.
Every explanation, that multi accounting is prohibited because it is considered a fraud

One person having one account is not multi-accounting abuse. I'm sorry you find that so confusing.

[deisik]

But what is the lowest requirement for the balance to have the highest full base reward?

There isn't one. If the wagered to free ratio is high enough you could have a zero balance and still get full base reward

Obviously, I meant the case where one is not gambling

We brought in the $50 and $100 limits so that the system doesn't penalise people with old accounts that made a lot of free-rolls back when BTC was around $200. It is very difficult for them to wager enough at $3,500 BTC to outweigh their total free winnings. So yes you are correct as long as you keep that $50 balance then your base reward will never be reduced

So how exactly is this $50 threshold determined?

You see, the balance is shown in bitcoins, so no fiat is involved in the process, right? It looks like you have to take this balance and calculate its value in fiat. What exchange rates are you using and where can we check them? And while we are at it, it would be good to have an option or switch that would allow to see the balance in dollar terms - again, to see where one is standing with this threshold in mind

[TheQuin]

But what is the lowest requirement for the balance to have the highest full base reward?

There isn't one. If the wagered to free ratio is high enough you could have a zero balance and still get full base reward

Obviously, I meant the case where one is not gambling

We brought in the $50 and $100 limits so that the system doesn't penalise people with old accounts that made a lot of free-rolls back when BTC was around $200. It is very difficult for them to wager enough at $3,500 BTC to outweigh their total free winnings. So yes you are correct as long as you keep that $50 balance then your base reward will never be reduced

So how exactly is this $50 threshold determined?

You see, the balance is shown in bitcoins, so no fiat is involved in the process, right? It looks like you have to take this balance and calculate its value in fiat. What exchange rates are you using and where can we check them? And while we are at it, it would be good to have an option or switch that would allow to see the balance in dollar terms - again, to see where one is standing with this threshold in mind

I can't remember which exchange we use, I'll ask wetsuit next week, but the current exchange rate we are using is displayed on the stats page. I'm not sure about displaying the current balance in USD as one of the most common support questions I get is "How do I withdraw in xxxxx currency to my bank/PayPal?".

[mindrust]

Hey Quin,

Do you consider enabling Lightning Network transactions or creating another faucet with LN? If Bitcoin goes above $20k the faucet rewards will be lower than 10 satoshis. And as many people expect if it ever goes above $100k, it will be reduced to 1-2 satoshis which is going to make this faucet practically unusable. The only safe way out of this enabling the lightning network where you can reward people with (even) sub-satoshi amounts and the withdrawal fees will be near zero.

What do you think?

[deisik]

Hey Quin,

Do you consider enabling Lightning Network transactions or creating another faucet with LN? If Bitcoin goes above $20k the faucet rewards will be lower than 10 satoshis. And as many people expect if it ever goes above $100k, it will be reduced to 1-2 satoshis which is going to make this faucet practically unusable. The only safe way out of this enabling the lightning network where you can reward people with (even) sub-satoshi amounts and the withdrawal fees will be near zero.

What do you think?

And how is Lightning Network supposed to help here?

Will it make rewards higher or what? If Bitcoin ever goes to $20k, we will be back where we were a little over a year ago. Did people stop using the faucet back then? Besides, you wouldn't really expect the fees to rise as much if high prices re going to happen again precisely because of Lightning Network now in the mainnet. So for small people like us it shouldn't matter much, especially considering the fact you should have Lightning Network at both ends

With that said, though, I agree that introducing Lightning Network everywhere should help Bitcoin adoption as such. Therefore, it is a good thing on its own

[mindrust]

Hey Quin,

Do you consider enabling Lightning Network transactions or creating another faucet with LN? If Bitcoin goes above $20k the faucet rewards will be lower than 10 satoshis. And as many people expect if it ever goes above $100k, it will be reduced to 1-2 satoshis which is going to make this faucet practically unusable. The only safe way out of this enabling the lightning network where you can reward people with (even) sub-satoshi amounts and the withdrawal fees will be near zero.

What do you think?

And how is Lightning Network supposed to help here?

Will it make rewards higher or what? If Bitcoin ever goes to $20k, we will be back where we were a little over a year ago. Did people stop using the faucet back then? Besides, you wouldn't really expect the fees to rise as much if high prices re going to happen again precisely because of Lightning Network now in the mainnet. So for small people like us it shouldn't matter much, especially considering the fact you should have Lightning Network at both ends

With that said, though, I agree that introducing Lightning Network everywhere should help Bitcoin adoption as such. Therefore, it is a good thing on its own

First of all, I am not talking to you. I asked the question to Quin. Not you.  If you don't quote me in your future posts, I would be glad.

I was very clear what would happen when the price of bitcoin goes above $100k. We only saw $20k and last year facuet drops were as low as 10sats. Yes freebitco.in may survive if the price stays at $20k but It probably won't be able to when the rewards become 1sat.

With the LN it is possible to reward sub satoshi amounts and the withdrawal fees will be 1 satoshi at most. (it is 2040 sats now on freebitco.in if you want instant withdrawals) I clearly stated this in my post. So, I am waiting for an answer from Quin, not from  a thick fella like you.

[deisik]

Hey Quin,

Do you consider enabling Lightning Network transactions or creating another faucet with LN? If Bitcoin goes above $20k the faucet rewards will be lower than 10 satoshis. And as many people expect if it ever goes above $100k, it will be reduced to 1-2 satoshis which is going to make this faucet practically unusable. The only safe way out of this enabling the lightning network where you can reward people with (even) sub-satoshi amounts and the withdrawal fees will be near zero.

What do you think?

And how is Lightning Network supposed to help here?

Will it make rewards higher or what? If Bitcoin ever goes to $20k, we will be back where we were a little over a year ago. Did people stop using the faucet back then? Besides, you wouldn't really expect the fees to rise as much if high prices re going to happen again precisely because of Lightning Network now in the mainnet. So for small people like us it shouldn't matter much, especially considering the fact you should have Lightning Network at both ends

With that said, though, I agree that introducing Lightning Network everywhere should help Bitcoin adoption as such. Therefore, it is a good thing on its own

First of all, I am not talking to you. I asked the question to Quin. Not you.  If you don't quote me in your future posts, I would be glad

It is an open forum where anyone is free to comment anyone else's posts. So I don't mind if you do (or anyone else, for that matter). But you can choose to ignore me if you feel hurt for whatever reason (I don't mind either), though I can't honor your request, sorry for that

You may want to ask your questions in private to avoid the discomfort of someone else answering them

[mindrust]

For those who are wondering about what I am talking about should check my post in the LN topic:

https://bitcointalk.org/index.php?topic=4638321.msg49430062#msg49430062

I withdrew 150 sats from this faucet via Lightning Network and it appeared in my wallet in 20-30 seconds. This is the future.