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

[jaysabi]

I looked at WOF spins primarily, as that's what I see as the biggest perk of the program. The extra interest doesn't amount to much by comparison.  Here's what I calculated:

At 5000 Fun tokens, the cost is currently 500k sats (it was more when I did my initial calcs too).  After a month you get 3 extra WOF spins and it scales up to 6 daily WOF spins after a year. For the sake of simplicity, I'm just going to calculate 6 extra WOF spins from the start.  WOF spins are generally worth 50 sats.  Either you get 50 sats or 50 rp which given enough time you can convert to 50 sats if you make it to 100k rp.  Sometimes you get more sats on a spin, but sometimes you get lottery tickets too which in all likelihood translate to 0.  So expecting 50 sats per spin is reasonable and I would say necessary when you're calculating time to recover investment.  

At 6 extra spins a day, you're looking at 300 sats as the extra perk.  On a 500k sat investment cost, that's 1667 days, or 4.56 years.  And that's only if FUN holds the value you bought it at.  Taken that as a given, it's not a compelling investment given the risks.  I think you can get more perks at much higher investment costs, but honestly, that's even more risky in my view, so I calculated on what seemed like a reasonable test tier.

Happy to hear any input on where you think I've made an error in logic or if I'm missing something about the program.

You are assuming that the odds of winning 5000 sats are 0% but it is above 1%. At 6 spins per day you should win 5000 sats more than 20 times in a year. That's 100k sats and 100k reward points in a year. There will also be smaller prizes that could give you another 100k sats and 100k reward points per year. Plus, you'd also be getting interest on sats you otherwise wouldn't have.

As I said, it was very rough math done quickly to get in the ballpark of what the return on investment is.  But let's correct a couple errors in your logic.  First, you're deducting sats from your account to buy FUN, so you're not making any extra interest until the purchase price of FUN has been fully recovered.  In fact, you're making less interest until that point, so that's an additional cost of FUN that has to be taken into account when calculating break even.  

Second, your expectation to win twenty 5k sat prizes on 1% probability in a year on 2190 spins is overblown.  You have to use a binomial probability equation to solve this.  Saving the hardcore math and just using a calculator for this, the odds of winning at least twenty 5k prizes in 2190 spins is only 68.7%.  Expecting 100k in earnings is not a safe assumption.




Under the best circumstances, the end result is still multi-year repayment period on an alt coin that will probably not hold its value it attains during this pump and which most people buy in at.

[RealMalatesta]

I wonder why. He must have his reasons which I'd like to hear tbh.

He was very cautious about it being stable and reliable enough. There being enough people using it to make it worthwhile and all the complications of implementing it. This isn't something that's going to happen immediately because there is a lot of work involved in making sure it is both reliable and secure.

I do agree that the future of bitcoin is definitely with LN because these huge insane transaction fee's can't keep up forever, the more people get into bitcoin, the more rich people there are in bitcoin as well, even if just 1 out of 1000 new people are rich, that still means thousands upon thousands of people come into bitcoin and that makes more rich people here who doesn't care about the transaction fees, so it keeps going up and up.

However I definitely 100% agree that it is not today, LN is great and it is the future of it but there is really a good amount of time we will need to be there, in order for freebitco.in to implement it and make it something viable, we need at least 25%+ of all bitcoin people to actually start using LN and we are not there yet, or at least have good amount of exchanges implement it first, until then it is just in theory.

[BrewMaster]

in order for freebitco.in to implement it and make it something viable, we need at least 25%+ of all bitcoin people to actually start using LN

this makes no sense. it is like saying in order for a gambling site to start we first need 25% of the whole world to start using bitcoin.
i get what TheQuin says, and it is a complicated thing to implement and extra precautions must be taken before the new feature is added but we already have exchanges like bifinex that have been running their LN node and accepting deposits and withdrawals for a long time. by the way the capacity doesn't have to be huge, it can be limited and also if there are concerns they could only allow the old users to use it not the new ones.

[Saint-loup]

I've finally persuaded wetsuit to take a serious look at LN. It came from a discussion we had recently about our dust problem (229 BTC that's too expensive to consolidate).

First, we'll add Lightning Network deposits and after that's been running for a while we'll start charging a very small fee for sub 30,000 deposits via the blockchain to pay for the consolidation.

Wow, now that's some good progress Freebitco.in is making. Also, how about adding internal transfers as well.
That way users who trust each other can deposit their tokens in a single transaction and then doing free internal transfer to themselves.
I don't know how it would benefit freebitco.in but it would certainly benefit it's users and eventually increase the userbase as well.

Internal transfer between the freebitco accounts will really help and in some cases may save transactions fee. If you have brothers, sisters or wife having freebitco account, then due to free internal transfer, they can move their earnings in one account and withdraw it once saving multiple tx fees. Lets hope this feature is built soon.

I agree with you but Freebitcoin has to be careful with families. Oftentimes "families" are just one single cheater in reality...  

You don't have an equal chance of winning every prize. If that were the case we could all quit our jobs and just spin the WOF once a day every day until freebitco.in went bankrupt.

Since you have an equal chance of rolling each number (except 0 and 1,000,000,000, each of which is 0.5 times less likely than all other numbers to hit), You can calculate the odds of winning each prize from the table below.

I didn't really see this table, by the logic I thought it was a simulation of the real wheel of fortune, thank you very much for the information.

Today I won 5000 sat on the free spin, I'll buy FUN before the 15th for sure  

Yes I was sure that many users won't find the table, that's why I posted this picture here when the game had been launched. Glad to see it's still used and appreciated  

[2double0]

I agree with you but Freebitcoin has to be careful with families. Oftentimes "families" are just one single cheater in reality...  

Agreed because then people will even start misusing the perks the best of their advantage and will cause enough losses to the site in terms of possible fees they are currently making. I am worried how negotiating people have become when they make such 'offers' thinking to give advantage to good people.

[icopress]

I apologize if this issue has already been raised, but I have not found any mention of this. I wanted to clarify if it is allowed to add a personal referral link? My first tangible win ... Has anyone won more valuable prizes? Since I have an obsessive idea of hodling Fun to get more spins every day ...

[STT]

I think someone said they got 50 gold tickets which is worth a fair amount.   So far as I know you can add your referral link, you should ask on that campaign thread though.

Expecting 100k in earnings is not a safe assumption.

Its safe to assume because its easily within an average occurrence.   I got 5000 a couple times already just on 1 spin a day and sometimes I forget to check and lose spins so I've not done that many, I got 500 earlier just anecdotally its not going to be unexpected to gain 20 of this win per year if trying 6 times a day.
  I believe all the 5000 prizes are over 1% probability or 13m out 1 billion possibilities, bar the golden tickets the 500 and 50 are even more probable and likely to occur so its easy to speculate how much you might win of each after a year because it'll average out.    100k satoshi isnt a kings ransom about .66 gold grams now, its reasonable if you did play that much every day.    Maybe we can test this out, the site can count my gifted wheel wins perhaps; some will be more lucky then this and some less but its entirely reasonable as an aspiration.    
   I agree its a multi year prospect in its price vs this consideration, almost anything is multi year and this one isnt half as ambitious as half the hopium prospects I see around.   Someone who adverse to gambling, risk and any uncertainties is entirely unsuited to this area but I wonder how they stumbled onto a gambling site then     I reckon crypto is always going to be transactional in its nature

[TheQuin]

But I would like to ask that even if users do internal transfers you guys will be able to track them internally through your database right ?
Internal transfers doesn't really have to go through the blockchain. It can simply be implemented just on the database level and tracking each transfer with a consequent transaction id.

I get people claiming we didn't pay their withdrawals every day. A simple link to block explorer showing the coin is in the address is absolute proof that they are wrong. Showing them an entry in our internal database doesn't prove anything.

Then when you add this:

I agree with you but Freebitcoin has to be careful with families. Oftentimes "families" are just one single cheater in reality...  

It would a huge avenue for fraud and abuse. You can put internal transfers down in the category "never going to happen".

[Nikkidew2]

Check it out $200 i can't believe it I'm never this lucky thanks freebitco.in https://imgur.com/gallery/D4QO37L

[Chikito]

I apologize if this issue has already been raised, but I have not found any mention of this. I wanted to clarify if it is allowed to add a personal referral link?

in signature?, yes, you will find it on https://bitcointalk.org/index.php?topic=5230893.msg53982029#msg53982029

Check it out $200 i can't believe it I'm never this lucky thanks freebitco.in https://imgur.com/gallery/D4QO37L

wrong place to put your winning here, go to https://bitcointalk.org/index.php?topic=1850855.0 to get some reward for your $200.

[babygun]

Check it out $200 i can't believe it I'm never this lucky thanks freebitco.in https://imgur.com/gallery/D4QO37L

The page can not be found?

My first tangible win ... Has anyone won more valuable prizes? Since I have an obsessive idea of hodling Fun to get more spins every day ...

That's a nice win. I already won 1x 5000 RP and 1x 5000 Lottery tickets. This last couple of days, I keep winning 50 satoshis, which is also not bad. We only need 1 lucky spin to win the Rolex  .

[freebitco.in PR]

Premium Membership Program - Demand for FUN Is Rising!

We recently launched the Premium Membership Program, and the response from you, our users, has been amazing!

As you already know, buying and holding FUN Tokens earns you premium benefits like a 1% Cashback on Multiply BTC/Betting, 16 Free Spins Daily for the Wheel of Fortune, and 25% Additional Interest on Your BTC Deposits.

Since we made the token available for purchase, you have collectively purchased FUN Tokens worth 64 BTC! This has helped push FUN's value by 250% in the last 30 days.

And now, here's another opportunity to earn up to 2 MILLION FREE FUN TOKENS: The FUN Token Referral Contest is LIVE at FreeBitco.in.

All you have to do is:

                1. Click [(here)insert link] to visit the Token page
                2. Copy your referral URL and use your social influence to invite your friends to the Premium Program
                3. Every FUN Token bought by your referrals is connected to your Referral ID
                4. Finish in the Top 10 of Referral FUN Token purchases by March 15 to win

The minimum prize is 12,500 tokens, while #1 gets 1 MILLION TOKENS!

We're thrilled by the enthusiasm shown by the FreeBitco.in community since launch. Thank you for trusting and supporting our efforts. Buy more tokens and introduce more people to this program and maximize your potential benefits!

[pawanjain]

Check it out $200 i can't believe it I'm never this lucky thanks freebitco.in https://imgur.com/gallery/D4QO37L

The page can not be found?

My first tangible win ... Has anyone won more valuable prizes? Since I have an obsessive idea of hodling Fun to get more spins every day ...

That's a nice win. I already won 1x 5000 RP and 1x 5000 Lottery tickets. This last couple of days, I keep winning 50 satoshis, which is also not bad. We only need 1 lucky spin to win the Rolex  .

I have won
2x 5000 Lottery tickets
1x 5000 Reward points
1x 5000 Satoshis

But the lottery tickets didn't yield anything unfortunately. It would have been a nice win if one of those lottery tickets actually made it to the top 10.
The Wheel of fortune is really nice though. It excites me a lot.

[rhomelmabini]

I have won
2x 5000 Lottery tickets
1x 5000 Reward points
1x 5000 Satoshis

But the lottery tickets didn't yield anything unfortunately. It would have been a nice win if one of those lottery tickets actually made it to the top 10.
The Wheel of fortune is really nice though. It excites me a lot.

It's just a matter of time but I think that Rolex or iPhone will be rolled and I am hoping it could be either one of us here in the forum that can snatch that awesome reward. I wonder if Rolex or iPhone was rolled if the free spins will be over too, I hope not maybe until there are 10 winners at a max that can bring it home.

[BrewMaster]

I have won
2x 5000 Lottery tickets
1x 5000 Reward points
1x 5000 Satoshis

But the lottery tickets didn't yield anything unfortunately. It would have been a nice win if one of those lottery tickets actually made it to the top 10.
The Wheel of fortune is really nice though. It excites me a lot.

winning the lottery on this site has always been impossible for me and i have been a member for a long time, mainly using the investment section but also get lottery tickets too. with hundreds of thousands of tickets in total all this time i have never won anything and it makes me so jealous to see those who win with small number of tickets like 10.

[GbitG]

I have won
2x 5000 Lottery tickets
1x 5000 Reward points
1x 5000 Satoshis

But the lottery tickets didn't yield anything unfortunately. It would have been a nice win if one of those lottery tickets actually made it to the top 10.
The Wheel of fortune is really nice though. It excites me a lot.

winning the lottery on this site has always been impossible for me and i have been a member for a long time, mainly using the investment section but also get lottery tickets too. with hundreds of thousands of tickets in total all this time i have never won anything and it makes me so jealous to see those who win with small number of tickets like 10.

Winning Lottery, is all about luck because I personally try on may places but sadly in my all life I never won any penny from this as well on this site in start I try with 17,000 tickets because I was feeling that, may be this can change my fortune but its never happen now I am not investing as I done in early days sadly until now I have no big prize from this site as well just 2 lower rank prizes for me in last few months.
If any one want in lottery surely need marry with lady of luck.

[STT]

Check it out $200 i can't believe it I'm never this lucky thanks freebitco.in https://imgur.com/gallery/D4QO37L

The page can not be found?

Congrats but similar, I cant see the image and you would need the seed data to claim the bonus on the correct thread which I saw already you did attempt.   Try again hope you saved the screenshot etc.     Imgur does drag and drop hosting of images so try that or sometimes I just post an image to Twitter and that'll work to host also afaik.

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html


I see Elon putting his money where his mouth is and I was just thinking he was a meme machine.    He is utilising the BTC within his business for a return long term and sees that customer base aligned with his companies target demographic so it makes sense; its also easily arguable to hold here also and collect interest plus additional bonuses via FUN for similar reasons its a regular economy.   So far as I can see that's a reasonable point of view for at least the next few years which is enough time for the full premium member bonus thing to kick in before deciding to change course and do whatever else you want.    Used to be very true for crypto in the past, people pop in for a few months of hype then drop out and leave, perhaps their timing is perfect and they miss a sell off but eventually they miss the really big gains which have occured year to year.  That's all I'm referring to in an argument to retain at least some percentage of BTC long term and purely accumulate the Satoshi amounts not worry always about dollar as surely dollar does go up at some point though its a very leaky boat from all perspectives I've looked at.

I wonder if Rolex or iPhone was rolled if the free spins will be over too, I hope not

Its highly improbable but if 2 Rolex's got rolled on the wheel I think both would be paid out and the game would continue.   It can happen they surely have to be ready for it just its not normal and the whole site is working off the normal outcome vs the exceptions and extreme good luck that can occur also.  I think most of any sites worry is the revenue rather then extreme luck events that must happen for the game to be attractive anyhow.

[Garmo]

My first tangible win ... Has anyone won more valuable prizes? Since I have an obsessive idea of hodling Fun to get more spins every day ...

I honestly don't consider this a win whenever I get lottery tickets from the wheel of fortune anymore. I rolled a 5000 lottery tickets 2 times in the past, but seeing the top 10 winners having less than even 1000 lotteries win is kind of.. demotivating.

[2double0]

My first tangible win ... Has anyone won more valuable prizes? Since I have an obsessive idea of hodling Fun to get more spins every day ...

I honestly don't consider this a win whenever I get lottery tickets from the wheel of fortune anymore. I rolled a 5000 lottery tickets 2 times in the past, but seeing the top 10 winners having less than even 1000 lotteries win is kind of.. demotivating.

That is luck as it is all the game of luck and even with the least probabilities, some people manage to win very big which surprises me. Playing for fun is fine because we are entertained through it, but taking it seriously will not be good for our health.

[LTU_btc]

I have won
2x 5000 Lottery tickets
1x 5000 Reward points
1x 5000 Satoshis

But the lottery tickets didn't yield anything unfortunately. It would have been a nice win if one of those lottery tickets actually made it to the top 10.
The Wheel of fortune is really nice though. It excites me a lot.

Wow, nice wins! My best wins so far was 50 Golden tickets once and 500 Lottery tickets maybe 5 times.
I can't wait for the start of FUN Token Premium Benefits where I will start getting more free spins for the Wheel of Fortune.