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

[ali2244]

Thanks. Si slow is fine or do you guys use instant?

In the past year, there have been many issues with freebitco and sometimes withdrawals were delayed. Since I haven't read any reports complaining about dealyed withdrawals in the past days, I don't think there's any issue with withdrawals now.

Actually, It kind of took me off guard when I started to see people claiming Freebitcoin becoming a shady and non-trustworthy casino, since I had used it before and was one of my first experiences with Bitcoin gambling, so I wonder what happened for them to lose all their reputation. Perhaps there was some change of administration of the casino under the table and the new owners do not have the same standard of quality the previous ones had. Or it could be they started to lack of liquidity and could not longer keep their operations as usual and needed to held withdrawals and the funds of some of their gamblers.

I feel I am in lack of context to what happened to this service to lose all the good name it had...

Do you have the a summary of what happened to Freebitcoin?

freebitco.in has about 56 million users. Now, calculate that it also gives two satoshis to its users every hour, meaning it gives at least one bitcoin to its users every hour just through the faucet. I estimate that freebitco.in has about one hundred thousand BTC in reserves that it has saved over the years.

[iv4n]

freebitco.in has about 56 million users. Now, calculate that it also gives two satoshis to its users every hour, meaning it gives at least one bitcoin to its users every hour just through the faucet. I estimate that freebitco.in has about one hundred thousand BTC in reserves that it has saved over the years.

Maybe 56 million registrations... I would immediately cut that in half (and maybe we should cut it by 70-80%) to bots and double/triple accounts. In any case, I would cut what's left in half again to inactive accounts. +10 years ago when I joined the rewards were around 1000 sats every hour... I showed it to a few friends and they all gave up after a while. Like now 2 sats then +1000 was also something very small in dollars and no one was interested in it.

Apart from various issues that have arisen in the past (some of which are more serious), Freebitcoin is stuck in one place. Where are some improvements, new features, or anything that can attract new players & keep the old ones on the site?

[Synchronice]

German user here.
A few days ago freebitco.in has been blocked by german government authorities, which means we can only use a foreign VPN to access the site. This got me a little worried that I might get banned, so I decided to withdraw most of my Satoshis, except those locked into FUN Token.

My slow withdrawal was manually reviewed, approved and sent in less than 24 hours. No complications, even though I was using a VPN.

Oh, that's true, I just checked Freebitco.in after your post, it's blocked at request of the German government authorities. So, German government was able to contact Freebitco and request a geolocation block but this makes me ask another question, this proves that Freebitco.in's owners are alive and in charge of things, right? So what's going on with this website? Why don't we see any update from owners?

freebitco.in has about 56 million users. Now, calculate that it also gives two satoshis to its users every hour, meaning it gives at least one bitcoin to its users every hour just through the faucet. I estimate that freebitco.in has about one hundred thousand BTC in reserves that it has saved over the years.

Maybe 56 million registrations... I would immediately cut that in half (and maybe we should cut it by 70-80%) to bots and double/triple accounts. In any case, I would cut what's left in half again to inactive accounts. +10 years ago when I joined the rewards were around 1000 sats every hour... I showed it to a few friends and they all gave up after a while. Like now 2 sats then +1000 was also something very small in dollars and no one was interested in it.

There is no way it's giving away 1 Bitcoin per hour. I can't imagine someone wasting their time on earning 0.00000038 BTC per hour and I'm sure that Freebitco.in will be good at catching bots. Also, we shouldn't forget that there is a high chance that since the reward is so low, lots of people will try their luck with BTC Multiplier dice game and since their house edge is very high, lots of customers will lose their free earned satoshis in this multiplier.

[STT]

Europe is the world capital of red tape nonsense they might even rival communist mind control so it cant be too much of a surprise they will ban  in general.   In many countries gambling is seen as a part of government revenues because its so reliable even in recession; government absolutely hates the concept of competition to their flawed operations so unless they get some kickback they will eliminate competition by any means necessary.

1000 sats on the free faucet is roughly what I remember and Im equally guilty of not especially trying to collect that amount, I might have even lost the cookie for an ancient account I will go look properly when BTC is 1 mil .  BTC itself was under 100 dollars at the time, anyone from back then could have just loaded up if we had all known the future.
   Its part of why older BTC holders are weather worn from all this drama and sell offs that occur, I said during covid to someone posting worried here go check in on the giant million views thread in speculation.  Older holders dont care if it spikes down too much its a buy price and sell is not an option; its hard to convince people as well as experience has taught hard lessons.

   Dollar has a horrible decline done deliberately and its part of why Satoshi with foresight even bothered to apply that genius, if Volcker was still around I'd warn otherwise but its hard to argue against just keep stacking BTC as you can.   Off macro scale, BTC forming lower high now gives precedent to a pullback medium term possibly so maybe I bet lower just to see.

[pawanjain]

German user here.
A few days ago freebitco.in has been blocked by german government authorities, which means we can only use a foreign VPN to access the site. This got me a little worried that I might get banned, so I decided to withdraw most of my Satoshis, except those locked into FUN Token.

My slow withdrawal was manually reviewed, approved and sent in less than 24 hours. No complications, even though I was using a VPN.

Congratulations on your successful withdrawal, it's been a while someone talked about withdrawing successfully from the casino, and some were beginning to wonder whether the site is still processing withdrawals, and it's actually very impressive to learn that your choice of slow withdrawal still got sent to your provided wallet in less than 24 hours, this is very commendable for the site.

snip

As far as I know, slow withdrawals doesn't require manual review, correct me if I am wrong.
So if @bl86fl as opted for a slow withdrawal, chances are that it got auto-approved and may be that's how he got the funds to his wallet.
It's good to know that slow withdrawal are still being processed which shows that site is not dead at least yet.

[hosemary]

As far as I know, slow withdrawals doesn't require manual review, correct me if I am wrong.

Your withdrawal being flagged for manual review has nothing to do with whether you have requested a slow withdrawal or an instant withdrawal.
Withdrawals are flagged to be reviewed manually, if the account activity is considered suspicious by their system and if that happens, your withdrawal will not be processed until it's reviewed manually.

[dwyane36]

There is no way it's giving away 1 Bitcoin per hour. I can't imagine someone wasting their time on earning 0.00000038 BTC per hour and I'm sure that Freebitco.in will be good at catching bots. Also, we shouldn't forget that there is a high chance that since the reward is so low, lots of people will try their luck with BTC Multiplier dice game and since their house edge is very high, lots of customers will lose their free earned satoshis in this multiplier.

You're right that a lot of people lose everything in the hi/lo game. As I see it, now, it would be extremely problematic for regular users to go from 0 sat to reach the minimum 30k sats in order to be able to withdraw sats from freebitcoin.
However, I honestly wouldn't be surprised if there are still users (cheaters) who are still farming free sats on freebitcoin around the clock.

[btcltcdigger]

You're right that a lot of people lose everything in the hi/lo game. As I see it, now, it would be extremely problematic for regular users to go from 0 sat to reach the minimum 30k sats in order to be able to withdraw sats from freebitcoin.
However, I honestly wouldn't be surprised if there are still users (cheaters) who are still farming free sats on freebitcoin around the clock.

Hi-Lo can be such a bitch sometimes. Few years ago i devised a system, start with 1 satoshi, and on loss, increase by double. I let it run for an hour and made a nice profit.
So i continued to do this for few days and i was few thousand dollars in plus. I beat the system, i thought. Then, i did it once more, and had like 16 losses in a row, and lost everything.
Is it rigged? I dunno. Maybe. But 16 loses in a row, seems a bit odd

[yossarian25]

You're right that a lot of people lose everything in the hi/lo game. As I see it, now, it would be extremely problematic for regular users to go from 0 sat to reach the minimum 30k sats in order to be able to withdraw sats from freebitcoin.
However, I honestly wouldn't be surprised if there are still users (cheaters) who are still farming free sats on freebitcoin around the clock.

Hi-Lo can be such a bitch sometimes. Few years ago i devised a system, start with 1 satoshi, and on loss, increase by double. I let it run for an hour and made a nice profit.
So i continued to do this for few days and i was few thousand dollars in plus. I beat the system, i thought. Then, i did it once more, and had like 16 losses in a row, and lost everything.
Is it rigged? I dunno. Maybe. But 16 loses in a row, seems a bit odd

You haven't invented anything new. This system is called the Martingale's strategy and is very well known amongst roulette players. It does work until... it doesn't. Basically, sooner or later you will get a streak of losses long enough to clear your pot. The biggest pot I ever allowed myself to play with was 1,048,576 satoshis. It takes 21 losses in a row to clear it, and yes - after several hours of autobet it eventually happened. Any streak of consecutive losses will happen if you only play long enough.

[STT]

Quarter century ago I was sat in a casino bar talking about that doubling system, its probably a tale that is a century old or more.   Its extremely attractive as a strategy because its so simple and appealing so its basically at this point a meme; it lends no real advantage if anything it works best as a marketing device for casinos to encourage confidence in customers when it really shouldn't.  
  Nice to have some strategy to deploy I get that but sadly that aint the one you really want.

[hosemary]

Is it rigged? I dunno. Maybe. But 16 loses in a row, seems a bit odd

It's not.
The house edge guarantees that the casino will win in the long run and there's no strategy that increases your chance of winning.


Assume that the win chance in a single bet is 49% and the lose chance is 51%. You get back to the base amount every time you win and double the bet amount every time you lose. You have a big balance and you can continue wagering until you have 20 consecutive loses.

Every time you wager, the chance of having 20 consecutive loses is only 0.00014%.
You may think that's very good. Right? But the more you play, the more chance you have to hit 20 consecutive loses.

The chance of winning 1,000 times without having 20 consecutive loses would be 99.86%.
The chance of winning 100,000 times without having 20 consecutive loses would 86.79%
The chance of winning 1,000,000 times without having 20 consecutive loses would be 24.24%

[Mahdirakib]

Assume that the win chance in a single bet is 49% and the lose chance is 51%. You get back to the base amount every time you win and double the bet amount every time you lose. You have a big balance and you can continue wagering until you have 20 consecutive loses.
Every time you wager, the chance of having 20 consecutive loses is only 0.00014%.

Usually, Freebitco users play the multiply BTC game on 2× multiplier. Where the win chance is 47.5%. The probability of getting 20 consecutive loses becomes 0.000253% if we consider the 2× multiplier of Freebitco. By keeping the "assume that" on a side, the payout becomes 1.94× if you set the win chance to 49% (48.97%) in Freebitco. Therefore, users won't get back the base amount by doubling his bet amount after every lose.

The chance of winning 100,000 times without having 20 consecutive loses would 86.79%
The chance of winning 1,000,000 times without having 20 consecutive loses would be 24.24%

I got the first one. But how have you calculated these two probabilities here?

[MaineHippo]

Do you have the a summary of what happened to Freebitcoin?

The issues with freebitco started more than a year ago when TheQuin became inactive.

Withdrawals were delayed for a while and some withdrawals even took more than a week to be processed. Of course, as far as I know, all pending bitcoin withdrawals were finally processed and as I said in my previous post, I guess withdrawals are working now.

WOF spins were not credited for months and they still owe many of the users a lot of WOF spins.
A few weeks ago, there were posts reporting that the issues with WOF spins were solved. Since I no longer hold any FUN token, I can't confirm if the WOF spins are still credited.

They have not accounced the winner of the round 11 of lambo lottery yet, while the tickets for that were sold more than 8 months ago.

Not just months, WOF failed to be delivered for about a year at least. all the while they kept advertising buying and holding FUN to get them.

[dwyane36]

Every time you wager, the chance of having 20 consecutive loses is only 0.00014%.
You may think that's very good. Right? But the more you play, the more chance you have to hit 20 consecutive loses.

Yes, at first glance, it may seem like a small chance, but in fact, such a long losing streak can happen in almost every game session. Personally, I have had 20 or more losses in a row many times when playing dice. That's crap, especially when you rely on a Martingale strategy.

[fbtcvip10]

FUNToken telegram gp added KYC to stop people from multi accounting and farming. I hope they don't do this with freebitco, because there are a lot of people that aren't abusing it and can't do KYC.

[shield132]

You're right that a lot of people lose everything in the hi/lo game. As I see it, now, it would be extremely problematic for regular users to go from 0 sat to reach the minimum 30k sats in order to be able to withdraw sats from freebitcoin.
However, I honestly wouldn't be surprised if there are still users (cheaters) who are still farming free sats on freebitcoin around the clock.

Hi-Lo can be such a bitch sometimes. Few years ago i devised a system, start with 1 satoshi, and on loss, increase by double. I let it run for an hour and made a nice profit.
So i continued to do this for few days and i was few thousand dollars in plus. I beat the system, i thought. Then, i did it once more, and had like 16 losses in a row, and lost everything.
Is it rigged? I dunno. Maybe. But 16 loses in a row, seems a bit odd

I had exactly the same experience in 2014-2015, when I first started playing hi-lo on freebitco.in. I was a kid at that time and I deposited 0.005 Bitcoin on freebitco.in, which was worth 2.5 dollars. I invented the martingale strategy on my mind (I didn't know that such a thing has existed) and left my computer on with automated betting. Hours have passed and my 0.005 Bitcoin became 0.01 Bitcoin. Then I stopped automated betting, withdrew 0.01 Bitcoin and the next day I deposited 0.005 Bitcoin again. I turned on my computer and started automatic betting, left the computer turned on for 36 hours and I earned 0.002 Bitcoin. Then I lost everything within seconds.
I think that Freebitco.in was rigged but their house edge was too high to make them rigged, so it's hard to answer to that question.

[hosemary]

Usually, Freebitco users play the multiply BTC game on 2× multiplier. Where the win chance is 47.5%.

Right. That would be even worse.

I got the first one. But how have you calculated these two probabilities here?

The probability of having 20 consecutive loses = (0.51)²⁰ = 0.0000014171
The probability of not having 20 consecutive loses = 1- 0.0000014171 = 0.9999985829
The probability of winning 100,000 times without having 20 consecutive loses = (0.9999985829)^100,000 = 0.8679
The probability of winning 1,000,000 times without having 20 consecutive loses = (0.9999985829)^1,000,000 = 0.2424

[Mahdirakib]

FUNToken telegram gp added KYC to stop people from multi accounting and farming. I hope they don't do this with freebitco, because there are a lot of people that aren't abusing it and can't do KYC.

FUN token telegram group and Freebitco website operated by a separate group. I don't think they will apply the KYC verification rules in a similar way to the Freebitco users. The rules have been applied for the abusers (banned users) in the FUN token telegram group. I doubt that Freebitco team will unlock the account of the banned users through the KYC verification.

~snip~

Thanks for explaining the calculation system, now I got it properly.

[FinneysTrueVision]

Cloudflare is currently down, which is affecting the free rolls. I had several bonuses activated, so my points are going to waste. The spin without captcha option doesn’t seem to be available.

[Fivestar4everMVP]

Cloudflare is currently down, which is affecting the free rolls. I had several bonuses activated, so my points are going to waste. The spin without captcha option doesn’t seem to be available.

It's been like 1 hour since you made this post, I just checked the site and it seems that everything is back to normal again, I don't know the area of spin without captcha you are talking about, but the free roll has spin without captcha option available which I even tried right now and it works perfectly.

And sorry I have to say that activating bonuses at this time on the site is really a mistake, but I guess it's not something serious any way, what I am saying is that the state of freebitco right now isn't good enough for activating bonuses that could run for a while since the site isn't stable and goes down at any point in time, but I guess you will have to bear, since there is nothing else you can really do.