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Author Topic: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!  (Read 303166 times)
dyancrypto
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January 26, 2019, 06:29:08 AM
 #7921

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.


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

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TheQuin
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January 26, 2019, 06:40:03 AM
 #7922

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
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January 26, 2019, 06:51:17 AM
 #7923

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

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TheQuin
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January 26, 2019, 08:07:45 AM
 #7924

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
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January 26, 2019, 09:01:09 AM
 #7925

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?

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deisik
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January 26, 2019, 10:21:25 AM
 #7926

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

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.L I V E C O I N . N E T.
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mindrust
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January 26, 2019, 10:37:53 AM
 #7927

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.

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deisik
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January 26, 2019, 11:30:33 AM
Last edit: January 26, 2019, 01:59:19 PM by deisik
 #7928

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

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mindrust
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January 26, 2019, 11:44:23 AM
 #7929

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.

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January 26, 2019, 12:20:51 PM
 #7930

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.
You barely can reach withdrawal limit just in one month. If minimal reward is 50 Satoshi and withdrawal treshold is 30 000 Satoshi, you have to make ~600 free claims to reach it. So, if you make 10 faucet claims per day, it will took about 2 months to reach withdrawal treshold. Offcourse, if you will win bigger tier rewards you will reach treshold faster.

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January 26, 2019, 12:49:37 PM
Last edit: January 26, 2019, 01:53:57 PM by deisik
 #7931

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.
You barely can reach withdrawal limit just in one month. If minimal reward is 50 Satoshi and withdrawal treshold is 30 000 Satoshi, you have to make ~600 free claims to reach it. So, if you make 10 faucet claims per day, it will took about 2 months to reach withdrawal treshold. Offcourse, if you will win bigger tier rewards you will reach treshold faster

This is what you get when you don't think out of the box (or just don't think at all)

And I don't mean doing anything which would be against the rules or otherwise shady. First, when you free roll, you get reward points (2 points for 1 roll, if I'm not mistaken). You can then exchange these points for a bonus which is added to your base amount. Further, you can sign up using a referral link of someone who is paying back to their referrals. For example, I pay back 100%, which means that on all your free rolls you get a 50% bonus at the end of the day (week). There are likely a few other things that I simply don't know about but which can help you greatly reduce your "withdrawal times"

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.L I V E C O I N . N E T.
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..PROFITBOX..
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January 26, 2019, 01:42:20 PM
 #7932

This is what you get when you don't think out of the box (or just don't think at all)

And I don't mean doing anything which would be against the rules or otherwise shady. First, when you free roll, you get reward points (2 points for 1 roll, if I'm not mistaken). You can then exchange these points for a bonus which is added to your base amount. Further, you can sign up using a referral link of someone who is paying back to their referrals. For example, I pay back 100%, which means that on all your free rolls you get a 50% bonus at the end of the day (week). There are likely a few other things that I simply don't know about but which can help you greatly decrease your "withdrawal times"
You're right. It's also possible to increase faucet rewards up to 1000 Satoshi by playing Multiply BTC and buying lottery tickets. I just posted very basic calculation if you use Freebitco.in without any tricks and strategy.

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zhorabolshakov89
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January 26, 2019, 03:32:58 PM
 #7933

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.


We got a lot of money. But to return even a part of it you want. Thieves and scammers. That's why so long and lives their crane at the expense of other people's funds


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.  Grin

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.
BTCevo
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January 26, 2019, 03:36:36 PM
 #7934

I got super excited about the referral contest because I have a bunch of referrals that keep on both wagering and also using the faucet (usually not the same people) and I was feeling like I hit the super lucky button this time around. then I checked the contest and saw that the referrals are like 60 bitcoins at the 10th spot and growing. Lol.

I am nowhere NEAR that amount, wish I was Cheesy If I had anything remotely at that level I would probably not look forward to 10 thousand dollars but to be honest free money is free money and its still probably amazing for all those people. Unfortunately I will not be getting anywhere near those levels anytime soon so its already a bye bye for me. I wonder what the top 50 looks like, I mean we can see the top 10 but what about the 11th? Is he very close? Maybe its another person with less than 1 btc near the 10th spot, that would be fun to watch Cheesy.

If there is a top 10 winners there changing about the amouny of their wager then it should 1st and 2nd place that will compete around because mostly the gap between other contestants is not that big so it is still possible to compete with them. But to think that you are going to be in top 10 with min 60btc wagered, I do not think that I am able to do that, even it is some depends on your luck as well but at least you might need more than 10 btc at least to make sure you will be on their position

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January 27, 2019, 03:14:23 AM
Merited by mindrust (1)
 #7935

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?

LN is something I'm keeping an eye on. I don't think it is ready to be integrated in freebitco.in yet. I think it will take Bitcoin price going to something like $100k to be the catalyst for wider LN adoption. At the moment we're working on plans to integrate an exchange function to allow depositing and withdrawing in altcoins. That's more of a priority to us than LN at the moment.

mindrust
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January 27, 2019, 06:02:02 AM
Last edit: January 27, 2019, 07:47:55 AM by mindrust
 #7936

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?

LN is something I'm keeping an eye on. I don't think it is ready to be integrated in freebitco.in yet. I think it will take Bitcoin price going to something like $100k to be the catalyst for wider LN adoption. At the moment we're working on plans to integrate an exchange function to allow depositing and withdrawing in altcoins. That's more of a priority to us than LN at the moment.


Yeah exchanging btc for altcoins is another valid option to make (cheap) withdrawals from the faucet. That's a great idea too.

I was aking about LN because it is already here and works great for non-tech people already. A couple posts above I shared a link to the LN thread where I used a LN faucet and withdrew coins to my iphone. I mean, the tech, It is already here and The adoption will be so fast after a certain point, you wouldn't wanna left behind. Wink

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January 27, 2019, 06:11:38 AM
 #7937

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?

LN is something I'm keeping an eye on. I don't think it is ready to be integrated in freebitco.in yet. I think it will take Bitcoin price going to something like $100k to be the catalyst for wider LN adoption. At the moment we're working on plans to integrate an exchange function to allow depositing and withdrawing in altcoins. That's more of a priority to us than LN at the moment.


Would FreeDogecoin be consolidated into FBC?
TheQuin
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January 27, 2019, 07:42:12 AM
 #7938

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?

LN is something I'm keeping an eye on. I don't think it is ready to be integrated in freebitco.in yet. I think it will take Bitcoin price going to something like $100k to be the catalyst for wider LN adoption. At the moment we're working on plans to integrate an exchange function to allow depositing and withdrawing in altcoins. That's more of a priority to us than LN at the moment.


Would FreeDogecoin be consolidated into FBC?

That was the original plan but we were discussing other options last week. One idea is that rather than rebranding freebitco.in as crypteer.com and adding altcoins and an exchange we would launch crypteer.com as a separate exchange site. The accounts would be linked to your freebitco.in account allowing you allowing you to move your balance from one to the other. What do you all think about that?

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January 27, 2019, 07:44:39 AM
 #7939


That was the original plan but we were discussing other options last week. One idea is that rather than rebranding freebitco.in as crypteer.com and adding altcoins and an exchange we would launch crypteer.com as a separate exchange site. The accounts would be linked to your freebitco.in account allowing you allowing you to move your balance from one to the other. What do you all think about that?


Sounds good. Looking forward to the new site!

Maybe send out email(s) and put up some banner on the site to raise awareness several weeks prior to the launch.
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January 27, 2019, 08:23:11 AM
 #7940

@TheQuin
I must say that this idea is way, way better than swapping the entire service.
Longevity of freebitco is in my opinion very important aspect of its success. People like things that are stable, everlasting and unchangeable. It adds to credibility also nostalgia factor plays a role as well. Definitely better to leave freebitco alive and cross reference to it from the new crypteer. Although that name... :-p its creepy but maybe that's just me?
 

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