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

[TheQuin]

Yes, I know how to multiply BTC and how to participate in the lottery but this icon does not mention the question that I asked.

Your question was why your base prize is reduced from 6 to 5 sats. The information mark answers how to restore it back to 6 which implies that not doing that is why it is reduced.

Is there any predefined measure for reducing this free faucet value when the btc price is increased

The base prize is always $0.002 and the low wagering reduction can reduce it to a minimum of 33.5% of that.

and soon when bitcoin reaches its all time high, it may be reduced to 1 satoshi too?

I've had conversations with wetsuit during the last 2 bull runs about how we would deal with $200,000 Bitcoin but we never came to a firm decision. I guess we'll deal with that when it gets a bit nearer to happening.

[babygun]

thank you very much for explaining. can you withdraw your FUN anytime you like?

If you lock your FUN, you can't withdraw it at anytime you want... You have to wait the period of time you locked the tokens. If you lock for 30 days, for an example, you need to wait the whole month until you can access your tokens again. The cons is that price fluctuations may happen downside, and you will be unable to get rid of your portfolio if you want to liquidate it immediately. On the other hand, it's a constant source of passive income with a pretty decent percentage rate...

That is always the assessment that you need to make for yourself. I lock most of my FUN tokens for at least 6 months and a part I don’t lock (or only the very short periods). So if the price would take a big upwards swing (which has not happened in a long time), I can always sell some and make some profit.

[Mahdirakib]

Is there any predefined measure for reducing this free faucet value when the btc price is increased and soon when bitcoin reaches its all time high, it may be reduced to 1 satoshi too?

I would like to share my opinion here, although TheQuin has replied to your inquiries. The base reward is equivalent to $0.002 from the hourly faucet. Mathematically, 1 satoshi will be equivalent to $0.002 if the price of Bitcoin reaches to $200k. But we will start getting 1 satoshi from the hourly faucet if the price of Bitcoin reaches near to $135k. But your case is different. You are getting less than the actual base reward. Generally, Freebitco reduce the faucet base reward for those users who claim the faucet always to gather free BTC.

[TheQuin]

The base reward is equivalent to $0.002 from the hourly faucet. Mathematically, 1 satoshi will be equivalent to $0.002 if the price of Bitcoin reaches to $200k. But we will start getting 1 satoshi from the hourly faucet if the price of Bitcoin reaches near to $135k. But your case is different.

I might be missing something here but I think $150k will be the point that $0.002 gets rounded down to 1 sat. However what I was really trying to get at is over $200k is the point it negatively affects us by making the minimum payout more than the $0.002 it is costed for.

You are getting less than the actual base reward. Generally, Freebitco reduce the faucet base reward for those users who claim the faucet always to gather free BTC.

For clarity, it isn't "users who claim the faucet always" but rather users with a low ratio of wagering to free winnings that get the low wagering reduction. You do bring up another point in that 33.5% of $0.002 will become 1 sat at a lower level of BTC price which will reduce the effectiveness of the low wagering reduction. Whether or not we need to do anything to counteract that effect will be something we have to consider if/when it happens.

[Betwrong]

It's 4 times less probable to roll 10000 than 9999, so, I wouldn't be surprised if it didn't appear for like next 20 years, but I know that it can happen today too.

I still remember the heart stopping moment of when I rolled 10000 one fine morning 16th of October 2016 and was staring at my device for a few minutes and pinching myself that it was not a dream.

Before this there was a huge distrust among the community that 10k for 200$ prize was actually never possible and my post was criticized a lot too but I tried my best to clear the distrust and wetsuit created the giveaway of the ones who report 20-200$ wins would get 5$ rewards on their account from then on.

Here is the link to my thread where I declared my big win: Got 200$ from Freebitcoin today morning, call that a BIG WIN

I still roll whenever I have time hoping to see another one soon
Oh and I noticed we just hit page number LEET, noice!

Wow! I'm surprised I didn't know it! You actually rolled rolled 10000, Ultra? That's amazing! Won $200 in October 2016. How much is it now? More than $10k? Congrats, my friend! FreeBitco.in is an amazing place where things like this can happen. I'm waiting for my 10000. I'll roll it soon, I can feel it.

[piebeyb]

The crypto market has been rising for the past few days and perhaps FUN will also rise with the market. But we should not hope for it because the growth can be followed by a fall. But still I think FreeBitco.in will not let the price of FUN fall to 1 cent.

If the increase will continue to persist and not play below $32k or $30k until next Monday it will definitely push up even higher considering that the weekly charts are in an uptrend, I see there has been a downward push since yesterday but it has not fallen below the price of $30k, I think this will be a positive trend at the end of the year, however the bull market is not yet complete if FUN follows the bitcoin market at least wait until the bitcoin halving.

I think it's true that freebitcoin won't let the price of FUN drop by one cent, but for now, maybe anyone who wants to buy must make sure they really understand all the risks, the risk of losing money is not only in gambling, even in trading, there is one too, DYOR always prioritizes that until so you don't invest wrongly. 

[TheQuin]

- This is my simulation with real data and scenarios. Questions?

https://www.talkimg.com/images/2023/10/28/T5Ug3.jpeg

You have to tell me what point you think it's making for me to have any questions.

[Mahdirakib]

I might be missing something here but I think $150k will be the point that $0.002 gets rounded down to 1 sat. However what I was really trying to get at is over $200k is the point it negatively affects us by making the minimum payout more than the $0.002 it is costed for.

If I'm not mistaken, then Freebitco use 'round half up' and 'round half down' method for the faucet amount calculation. Therefore, we will receive 1 satoshi from the faucet if $0.002 becomes less than 1.5 satoshi for the price surge of Bitcoin. And the faucet will give 2 satoshi as long as $0.002 stays between 1.5 satoshi to 2.5 satoshi.

$0.002 will be less than 1.5 Satoshi when the price of Bitcoin reaches above $133.5k. And we will start getting 1 satoshi from that point for the 'round half down' rules. (1 ÷ 133,500) × 0.002 = 0.00000001498 BTC (1.498 Satoshi).
@hosseinimr93, Can you verify whether I'm right or wrong? You are good in this type of calculations.

~snip~

I don't know how you made the calculations, but it is wrong.

[TheQuin]

I don't know how you made the calculations, but it is wrong.

I think I've worked out where it's gone wrong which is I guess their question.


The rewards are calculated from the $200 level and then each prize down is 1/10 of that. But they have taken 1/10 of the previous prize in the table rather than calculating each individually from the $200 level which does affect rounding.



So here they have taken 0.00000005 /10 = 0.000000005 and rounded up to 0.00000001

Where they should have taken 0.00044450 / 100000 = 0.000000004445 rounds down to 0.00000000

Edit: After thinking about it a better of explaining it than each level is calculated from the $200 level is that each level prize is actually in USD and then converted to BTC and rounded to the nearest whole sat.
So the prize levels are
$0.002
$0.02
$0.20
$2.00
$20.00
$200.00
Converting and rounding each of those values will give the same result as the method I used above of dividing from the $200 conversion but if you just divide the level above by 10 you'll end up rounding a number that's already rounded.

[hosseinimr93]

@hosseinimr93, Can you verify whether I'm right or wrong? You are good in this type of calculations.

You are right. To be more accurate, the base prize should decrease to 1 sat once bitcoin price reaches $133,333.33.

Below are the base prize for different bitcoin prices.

_____________________	_________________________
Base prize (in sat)	Bitcoin price (in dollars)
_____________________	_________________________
10	19,047.62 - 21,052.63
9	21,052.64 - 23,529.41
8	23,529.42 - 26,666.66
7	26,666.67 - 30,769.23
6	30,769.24 - 36,363.63
5	36,363.64 - 44,444.44

4	44,444.45 - 57,142.85
3	57,142.86 - 79,999.99
2	80,000.00 - 133,333.33
1	133,333.34 - 400,000.00
_____________________	_________________________

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[TheUltraElite]

Wow! I'm surprised I didn't know it! You actually rolled rolled 10000, Ultra? That's amazing!

Yes sir I did and was stunned for a few minutes that morning staring at my device.

Won $200 in October 2016. How much is it now? More than $10k? Congrats, my friend!

I never sold that amount directly, but its slightly more than 10grands in USD at the current conversion rate. Which means that at that time bitcoin price was 1/5th of what it is today, which checks out around 600 USD.

FreeBitco.in is an amazing place where things like this can happen. I'm waiting for my 10000. I'll roll it soon, I can feel it.

Thats the spirit of freebitcoin, but I have been trying a number of times every day too but have not got it again. The probability is low, I was extremely lucky on that roll.

[hosseinimr93]

- I have calculated 1/10 for next level and rounded it in the same way.

This is where the problem comes from.
You should calculate the exact prize and then round the result to 8 decimal places.

If bitcoin price is 449,999 dollars, the base prize would be 0.002/499,999 = 0.000000004 sat and that's rounded to 0 sat.

- Acording to present rules, it is 2 and, of course, they can be changed.

No,
As I said above, you are doing the calculation incorrectly.

id5000, I don't really understand why you delete your posts.
According to ninjastic.space, you have made 82 posts in this thread and you have deleted all of them. Most probably, you are going to delete the post I just quoted as well.
With deleting your posts, you make anyone who wants to follow the discussion confused.

[Juggy777]

The crypto market has been rising for the past few days and perhaps FUN will also rise with the market. But we should not hope for it because the growth can be followed by a fall. But still I think FreeBitco.in will not let the price of FUN fall to 1 cent.

If the increase will continue to persist and not play below $32k or $30k until next Monday it will definitely push up even higher considering that the weekly charts are in an uptrend, I see there has been a downward push since yesterday but it has not fallen below the price of $30k, I think this will be a positive trend at the end of the year, however the bull market is not yet complete if FUN follows the bitcoin market at least wait until the bitcoin halving.

I think it's true that freebitcoin won't let the price of FUN drop by one cent, but for now, maybe anyone who wants to buy must make sure they really understand all the risks, the risk of losing money is not only in gambling, even in trading, there is one too, DYOR always prioritizes that until so you don't invest wrongly.  

@piebeyb I haven’t tracked FUN prices for a while now because I’m holding them with a minimum target of keeping them for 5 year’s and every downfall is an opportunity to buy. Furthermore what makes FUN special is that it’s not linked to any Ponzi scheme but to an site who’s operation we actually understand and that’s why I yet continue to believe in this token and will always suggest to buy it.

[JackpotRacer]

hi

why are users here talking like FUN is above 1 cent? can one show me the price of FUN above 1 cent?

cheers

[so98nn]

I am highly excited about crypto betting right now considering Bitcoin has surprised us this time with its phenomenal growth over a few days. Initially, we had discussed (with a few members) that ended up betting in the zone of 27k-30k because that was the perfect bet when everyone discussed it. However, soon Bitcoin rallied upwards like a crazy dream and ended up in the zone of 30-32K. However, the fun begins here, Bitcoin did not even stop there and ended in the zone of 32-35k. I was able to in the zone of 30-32k and I put more amount in that zone to recover the losses from the previous zone but it seems I might just end up losing everything that I have bet today. Though there are two days left, what are your thoughts guys? And those who bet courageously in the zone of 35K, man they gonna get 5-10x depending on their time multiplier. Super exciting days for sure.

[JackpotRacer]

hi

why are users here talking like FUN is above 1 cent? can one show me the price of FUN above 1 cent?

cheers

My 2 cents:
1 cent was its price one and a half years ago and some are even afraid that it want get there anynome - at the moment, its price is $ 0,004582, say less that a half.

thanks a lot for clarifying the price as it is right now. I was just confused about users writing that the price is 1 cent and +

cheers

[soslex]

@TheQuin, not sure if this is intentional or not, but I have gotten a few 6 hour flash promos lately that have lasted for nearly 7 hours. I just wanted to let you know in case you were not aware.

https://imgur.com/a/Bpsgvcu

[Saint-loup]

@piebeyb I haven’t tracked FUN prices for a while now because I’m holding them with a minimum target of keeping them for 5 year’s and every downfall is an opportunity to buy. Furthermore what makes FUN special is that it’s not linked to any Ponzi scheme but to an site who’s operation we actually understand and that’s why I yet continue to believe in this token and will always suggest to buy it.

I agree with you I think in few years, FUN can rise again thanks to the quarterly burns. FUN's quarterly burns, where a portion of the token supply gets permanently removed, reduce the overall supply over time, which can potentially drive up its value. So we must be patient but with a total supply decreasing every 3 months we can be confident for the coming years, along with that I'm sure some other casinos or gambling sites will add it as a deposit option one day.

[TheQuin]

If I'm not mistaken, then Freebitco use 'round half up' and 'round half down' method for the faucet amount calculation. Therefore, we will receive 1 satoshi from the faucet if $0.002 becomes less than 1.5 satoshi for the price surge of Bitcoin. And the faucet will give 2 satoshi as long as $0.002 stays between 1.5 satoshi to 2.5 satoshi.

- I am just familiar with the method used in Dice (Multiply BTC):

1.5 satoshi rounds to 1 (your "round half down") not like Excel's Round which is 2 (your "round half up")

1.51 rounds to 2 (your "round half up").

I don't use Excel but when I was at school rounding to the nearest whole number always meant 0.5 rounds up.

The currency conversion for Free rolls uses rounding to the nearest whole number. Payouts for winning Multiply BTC bets rounds down. It has to do that to avoid being exploitable. If someone bets to win 0.5 Sats and it is rounded up the 100% extra winnings outweighs the 5% house edge. I'm just putting that there as an example of why you can't always apply how one thing works to how something else works.

- Acording to present rules, it is 2 and, of course, they can be changed.

No,
As I said above, you are doing the calculation incorrectly.

I'm not sure what rulebook he's reading but the reason he's doing it wong is that he's applying the rules he's made up in the wrong order. His rule that starting from the top prize each level down is 1/10 of the prize above is correct. But he's applying the currency conversion 1st and then taking 1/10 of that which is wrong. The 1/10 rule needs to be applied 1st in USD and then the currency conversion is applied.

id5000, I don't really understand why you delete your posts.
According to ninjastic.space, you have made 82 posts in this thread and you have deleted all of them. Most probably, you are going to delete the post I just quoted as well.
With deleting your posts, you make anyone who wants to follow the discussion confused.

I find that very odd as well. It doesn't exactly encourage me to take them seriously.

@TheQuin, not sure if this is intentional or not, but I have gotten a few 6 hour flash promos lately that have lasted for nearly 7 hours. I just wanted to let you know in case you were not aware.

https://imgur.com/a/Bpsgvcu

You say a few times but...... it strikes me that many places just ended daylight savings time today and their devices local clock just put itself back one hour.


I did falsely assume that with $100k making 0.2 cents 2 sats and $200k making 0.2 cents 1 sat that the cutoff point would be halfway but after dusting off my calculator I can confirm that hosseinimr93 is spot on.

@hosseinimr93, Can you verify whether I'm right or wrong? You are good in this type of calculations.

You are right. To be more accurate, the base prize should decrease to 1 sat once bitcoin price reaches $133,333.33.

Below are the base prize for different bitcoin prices.

_____________________	_________________________
Base prize (in sat)	Bitcoin price (in dollars)
_____________________	_________________________
10	19,047.62 - 21,052.63
9	21,052.64 - 23,529.41
8	23,529.42 - 26,666.66
7	26,666.67 - 30,769.23
6	30,769.24 - 36,363.63
5	36,363.64 - 44,444.44

4	44,444.45 - 57,142.85
3	57,142.86 - 79,999.99
2	80,000.00 - 133,333.33
1	133,333.34 - 400,000.00
_____________________	_________________________