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[AFUcrania]

If the confirmation of unchanged ownership did not come from any source that we know was part of the previous ownership structure, how can anyone believe that the owners have not changed? I have already written several times that everything that has been happening in the past year and a half clearly indicates that the same people are no longer behind everything, but rather ordinary amateurs who don't know what they are doing.

Maybe they're just tired of it. They've made millions, especially since they've scammed many people over the past two months, who haven't been able to withdraw their savings.
The site has over 50 million users, and just imagine if even 1% of all users deposit $100, and that's not a small number. Some deposit $1,000 or more.
But even at $100, that's $50,000,000 per day. I don't know what it would take for the site to be unprofitable.

[Mahdirakib]

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

[STT]

Modern mining is done with ASICs (Application-Specific Integrated Circuits) like the Antminer S19 XP, which can deliver 140 TH/s (terahashes per second).
•    A typical PC browser, even with JavaScript-based mining scripts, might manage 0.1–1 H/s (hashes per second)—that’s trillions of times slower than ASICs.

I did used to engage the mining on this sites webpage and sadly I think it was cpu only so really in any later year that didnt mean much not on my cpu anyway.  Early BTC that was ok and shows to the age of the site but that was ages ago that cpu was ok like 2011 I did some cpu mining.

  FBC never used gpu via the website and it would be noticeable if it did as I had a 100db horribly loud gpu for many years, you know when its active

Anyhow the maths above indicates either way gpu nor cpu is nowhere even remotely close to feasible.   So not that you have to presume trust, its just not a viable means to mine with permission or not.  The site has no facility or reference to mining in its pages that I've noticed recently and I did leave it running years ago, wasnt really worth the bother back then.

[AFUcrania]

Mining is completely unprofitable right now.
To make a profit, you need large investments, primarily in alternative energy.
However, the cost of solar panels and other related equipment means you won't recoup your investment for at least 20 years, even if you buy the latest ASIC miner.

[Slow death]

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.

[AFUcrania]

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.

The website no longer exists. Are you planning on spending the rest of your life thinking about it?
It's gone, there's no tech support, nothing. Only its shell remains online.
Let's talk about global politics instead; that would be more useful. 

[zangadogamer]

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.

Maybe he is dead.
Maybe a gang took over. Criminals. A squad. Organized crime.

One thing is certain: a website that worked well for 10 years, suddenly start scamming people.... or... IT WAS ALWAYS A PONZI SCHEME.

THINK about it: who the hell would give away money for free, even with pennies?
NOBODY DOES THAT  for 10 years without having a SCHEME.

As NOBODY like YouTube exists (offer free server to post, yearly, pentabytes of videos).

PONZI SCHEME: if people don't cash out, the NUMBERS ON THE SCREEN ARE JUST FLASHY NUMBERS. NOTHING REAL.

As with the BANKS: flashy numbers on an app, too.
If everybody withdraw at the same time, goodbye bank, because the majority of the money DOESN'T EXIST.

The ponzi scheme, the most sucessfull of the world in history of the internet, is done. No new deposits. Only a few. Until it goes... silent. forever.

50 million users MY ASS!
Tweet posts from freebitco can barely reach 2K people!

the website is banned from google!
From facebook!
IT IS DONE.

End of the line.
I'm here just to see what happens on october 15!

To watch the historical fall of the first bitcoin faucet of the planet!

THE HISTORY IS BEEING WRITEN NOW.
Last days of freebitcoin... online.

And yes: banks are ponzi schemes.
Why do you think there are so much ads from banks?
Because they need your REAL money to go to their pockets, that's how they have HUGE PROFIT, bigger than ever than before!

The numbers on a screen DOESN'T MEAN ANYTHING!!!

[Get-Paid.com]

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.

[JollyGood]

The confirmation came from a much newer account that was created in June 2024. How would the perception change if an account previously associated with Freebitcoin was to post to clarify the ownership?

However unlikely, it is a possibility the ownership has not changed hands but other factors behind the scenes have played a massive part in their recent reputational decline. I think most members have already made up their minds.

If the confirmation of unchanged ownership did not come from any source that we know was part of the previous ownership structure, how can anyone believe that the owners have not changed? I have already written several times that everything that has been happening in the past year and a half clearly indicates that the same people are no longer behind everything, but rather ordinary amateurs who don't know what they are doing.

[ESG]

(---X----)

To watch the historical fall of the first bitcoin faucet of the planet!

(--X--)
[/quote]

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.

[Stalker22]

The confirmation came from a much newer account that was created in June 2024. How would the perception change if an account previously associated with Freebitcoin was to post to clarify the ownership?

However unlikely, it is a possibility the ownership has not changed hands but other factors behind the scenes have played a massive part in their recent reputational decline. I think most members have already made up their minds.

If the confirmation of unchanged ownership did not come from any source that we know was part of the previous ownership structure, how can anyone believe that the owners have not changed? I have already written several times that everything that has been happening in the past year and a half clearly indicates that the same people are no longer behind everything, but rather ordinary amateurs who don't know what they are doing.

Ever since The Quin mysteriously stepped down from his role, Ive had my suspicions that something fishy is going on behind the scenes.

BUT I also dont think the site has changed ownership.  It seems like they may have just redirected their resources to other forms of business.  They own a few other casino brands, right?

[Fivestar4everMVP]

Mining is completely unprofitable right now.
To make a profit, you need large investments, primarily in alternative energy.
However, the cost of solar panels and other related equipment means you won't recoup your investment for at least 20 years, even if you buy the latest ASIC miner.

Well, I am a solar engineer, that is I sale and install solar systems in homes and any where it's needed, setting up a solar system that can be able to power a bitcoin mining systems will be very costly, that is, it will cost alot since everything things to be used for the installation ranging from panels, inverters to batteries and other components will have to be all standard and original.

I also have never mined bitcoin before, and also have not lived close to any one who does, so it's very difficult for me to tell what the difficulty level is, and how much electricity the rig will be consuming exactly, but based on how people talk and go about how mining bitcoin consumes energy, going for a substandard solar components could be very detrimental as this could lead to loss of investment, and I also won't argue or say that 20 years to recoup the money the money invested true or not, but I just know it's possible.

[dabbur]

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.

And yes: banks are ponzi schemes.
Why do you think there are so much ads from banks?
Because they need your REAL money to go to their pockets, that's how they have HUGE PROFIT, bigger than ever than before!

The numbers on a screen DOESN'T MEAN ANYTHING!!!

Banks dont need to be a ponzi scheme they have a much better trick, they can print money by giving out credits and create their own fiat money from out of nothing.

[dwyane36]

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.

It's worth noting that any website, including the freebitcoin site, can be removed from search engine results at the request of regulators in a particular country. Personally, I can still find the freebitcoin site without any problems using Google, but surely there are jurisdictions where users can no longer find it.

[zangadogamer]

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.

Banned from google adsense.

They've made money with google adsense in the beginning, that's how their business model was based on at first.

The ads would pay for the pennies given.
Then they were banned from google ads and facebook ads.

But the ponzi scheme continued.

[zangadogamer]

What in your opinion is the status? If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

I'm not sure what has happened exactly, but I doubt that they have sold the website. I believe all these things are happening as they were unable to make any revenue. Most probably the premium membership system had a negative impact on their revenue part. We only know some usernames of Bitcointalk accounts who own Freebitco.in. The real identity of the owner is still unknown as it was from the beginning.

They were still processing withdrawals through the old wallet addresses. We wouldn’t see that if ownership had changed.

If you look at @TheQuin's post history you'll notice that he was the kind of person who knew how to apologize when someone came to report a problem and @TheQuin would explain to the person what happened, when you're faced with a person like that, you realize that he wouldn't be the kind of person to be running the site for 1 year without ever appearing here in this thread to interact with the members, so I have no doubt that the site has changed hands, everything that is happening with the site doesn't make much sense.

And yes: banks are ponzi schemes.
Why do you think there are so much ads from banks?
Because they need your REAL money to go to their pockets, that's how they have HUGE PROFIT, bigger than ever than before!

The numbers on a screen DOESN'T MEAN ANYTHING!!!

Banks dont need to be a ponzi scheme they have a much better trick, they can print money by giving out credits and create their own fiat money from out of nothing.

banks can't print money, pal. Only the government bank does it.
The private banks only want new deposits and profit from taxes and interest.
But they don't have the money they say they do in the annual reports.

They are just NUMBERS on a screen.
That money DOESN'T EXIST.

It is a ponzi scheme because it depends on new customers and new loans, taxes.

If new people don't join, the scheme falls and it would be only sustained by taxes, wich is not enough.

That's why they spend billiions of dollars in advertising.

If happens something similtar like what happened to freebitcoin, they are gonna be the new freebitcoin.

Still pretending to operate, but not paying anyone.

[BayAreaCoins]

Maybe they are waiting to click the payments back on when the lambo drawing ends in 2 days

har har

[Zwei]

Maybe they're just tired of it. They've made millions, especially since they've scammed many people over the past two months, who haven't been able to withdraw their savings.

no one gets tired of making millions.
they fucked up the management big time by chasing the tokens hype and giving out unsustainable rewards.

also, if they did acually make millions, the money won't do much to whoever was in control if the authorities come after them. i doubt that's gonna happen, but it's not an impossibility.

The site has over 50 million users, and just imagine if even 1% of all users deposit $100, and that's not a small number. Some deposit $1,000 or more.
But even at $100, that's $50,000,000 per day. I don't know what it would take for the site to be unprofitable.

but a lot of those are inactive accounts and faucet bots, and people who only claim the faucet, so the real number of people who would have been depositing and betting is much lower.

Maybe they are waiting to click the payments back on when the lambo drawing ends in 2 days

har har

just in time for their wallet to finish resyncing as well
har har har

[FinneysTrueVision]

If I make an assumption based on many of the posts here, I am leaning towards a sale of some sort taking place at the point of the date where the decline began.

Legal requests, to which they have responded by blocking IP addresses from certain countries, have been sent to FBC BV, the same company that operated the website since TheQuin was still on the forum. They are still using the same Ethereum wallets they’ve had for the past 4 years. Their old hot wallet, that they’ve used since 2017, was still being used to process withdrawals earlier this year, long after their problems had started.

In my opinion, assumptions that ownership changed hands seem to be based on gut feelings alone, and not on any conclusive evidence.

[Fivestar4everMVP]

the website is banned from google!
....
IT IS DONE.

End of the line.

When you search on Google for "Free Bitcoin" it's still showing up there, are you sure it's banned from Google?

Nonetheless, yes, you're right, it is pretty much done.

It's worth noting that any website, including the freebitcoin site, can be removed from search engine results at the request of regulators in a particular country. Personally, I can still find the freebitcoin site without any problems using Google, but surely there are jurisdictions where users can no longer find it.

Curiosity made me to try searching for this site on Google search and indeed, the site is still there, in fact, all the results I got all had something to do with freebitco..

So I would possibly believe that zangadogamer is lying, but if he is not, then it's very possible that the site has been banned from appearing on search engines in his country alone, but if I am asked to choose one of the available options, I did choose that he is lying, freebitco is not a very popular site and can't attract the attention of the authorities, not even now that they are going down, why would the authorities want to start a fight with a website that has already lost its reputation and are at the verge of shutting down? Except they just want to indirectly hsaten the shutting down process of the website 😁