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Author Topic: freebitco.in - is it even worth it?  (Read 94272 times)
european_guy
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February 10, 2017, 03:56:13 PM
Last edit: February 10, 2017, 07:41:07 PM by european_guy
 #741


How are you getting one in millions?

Wouldn't the odds of getting "10,000" with 10,000 possibilities be 1:10,000?

I'm not a computer or mathematics expert, but judging from the text behind "This game is provably fair" the chances of rolling 10,000 are equal to rolling 16 with a 16-sided dice 8 times in a row. (It's a question of Combinatorics.)

The odds for that are (1/16) to the power of 8 = 2.3283064 e-10 = 2.3283064 * 1/10,000,000,000

in other words 1 in 23,283,064,000 rolls (over 23 billion).
It's not in the millions, it's in the billions.
The game may be fair but its presentation is VERY VERY misleading.

Please correct me if I'm wrong, and if someone could calculate the odds for the other prizes please ...

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Chingeindhoven
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March 13, 2017, 12:28:56 AM
 #742

Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

Your FreeBitco.in account is now also a bitcoin savings account!

Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

ANNUAL INTEREST RATE
4.08%
Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.

What do you guys think of this new feature?
mrcash02
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March 13, 2017, 03:30:57 AM
 #743

Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

Your FreeBitco.in account is now also a bitcoin savings account!

Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

ANNUAL INTEREST RATE
4.08%
Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.

What do you guys think of this new feature?

Very good, it's a possibility for extra earnings. You can use the faucet normally, accumulate satoshis on your balance and start earning passive income when you reach 30000 satoshis on balance. For who wants higher income it's possible to deposit some BTCs, a bit risk, but I'm sure some people will try this as Freebitco.in is working since years ago and has a positive reputation.
Chingeindhoven
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March 13, 2017, 09:37:53 AM
 #744

MrCash02,

I somewhat agree with you, as you said it, depositing BTC may be somewhat of a risk, and to spread the risk of your investments, I'd advise even when depositing, not making the deposit too large. After all, this is a faucet, and that means it's not a safety deposit box. I will continue accumulating BTC profit from the faucet, but see what happens before trying with depositing. Thanks for the feedback, and I will keep everyone updated via this thread.

As of today these are my stats:

YOUR TOTAL INTEREST EARNED
0.00000000 BTC

INTEREST CALCULATOR
ACCOUNT BALANCE
0.00506009
DAILY INTEREST 0.00000055
BTC MONTHLY INTEREST (30D) 0.00001666
BTC YEARLY INTEREST (365D) 0.00020647 BTC
barbq
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March 13, 2017, 10:00:24 AM
 #745

can't find the official freebitco.in thread, so i thought i'd post here. the odds are ridiculously bad.. so bad that i'm not sure if it's worth doing.

you basically have a 9 in 10,000 chance to win 1.9 cents,  7 in 10,000 chance to win 19 cents, 3 in 10,000 chance to win $1.89, 2 in 10,000 chance to win $18.90, and 1 in 10,000 chacne to win $189.

these are based on BTC value of 630/per.

i don't think i want to stick around for that. it feels just degrading.

Iam pretty sure that the Lottery and the Clamis are fake...
I have over 8000 DRS on freebitcoin and i never claim higher than number 9800 also no of my ref
claimed that and thats not real simply... Never won a price in Lottery since 2 years...
Pure fake site and now they opend daily interest 0,01999 Cheesy If you load 100 BTC there u net 0,019 daily xD
really is that a joke ?
ngle100
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March 13, 2017, 01:35:56 PM
 #746

can't find the official freebitco.in thread, so i thought i'd post here. the odds are ridiculously bad.. so bad that i'm not sure if it's worth doing.

you basically have a 9 in 10,000 chance to win 1.9 cents,  7 in 10,000 chance to win 19 cents, 3 in 10,000 chance to win $1.89, 2 in 10,000 chance to win $18.90, and 1 in 10,000 chacne to win $189.

these are based on BTC value of 630/per.

i don't think i want to stick around for that. it feels just degrading.

Iam pretty sure that the Lottery and the Clamis are fake...
I have over 8000 DRS on freebitcoin and i never claim higher than number 9800 also no of my ref
claimed that and thats not real simply... Never won a price in Lottery since 2 years...
Pure fake site and now they opend daily interest 0,01999 Cheesy If you load 100 BTC there u net 0,019 daily xD
really is that a joke ?

If it's so easy to win then how rich would all of us become? I think it works irl too Cheesy Cheesy
Mahdirakib
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March 13, 2017, 01:55:49 PM
 #747

Quote
Iam pretty sure that the Lottery and the Clamis are fake...
I have over 8000 DRS on freebitcoin and i never claim higher than number 9800 also no of my ref
claimed that and thats not real simply... Never won a price in Lottery since 2 years...
Pure fake site and now they opend daily interest 0,01999 Cheesy If you load 100 BTC there u net 0,019 daily xD
really is that a joke ?
Freebitco.in is not a fake faucet.
You didn't win the heights price that is your bad luck.
This is the official post here of freebitco.in admin
https://bitcointalk.org/index.php?topic=319540.0
wetsuit is the admin of the faucet & this is his profile link at here
https://bitcointalk.org/index.php?action=profile;u=154142
I am using this faucet more than one year and I have rolled between 9886-9985 many times and I have also rolled between 9986-9993 twice. Though I never win the lottery price. So it can clearly said that this is your bad luck that you never rolled over 9800. I'm pretty much sure that you are telling lie that you have never rolled over 9800.
Lastly telling you that read all post's of wetsuit then you can learn that freebitco.in is not fake & why he keep low interest as saving account.

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March 13, 2017, 04:37:31 PM
 #748

Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

Your FreeBitco.in account is now also a bitcoin savings account!

Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

ANNUAL INTEREST RATE
4.08%
Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.

What do you guys think of this new feature?

questionable move... did the owner change recently? this sounds pretty shady...

Lucius
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March 13, 2017, 05:59:25 PM
 #749

Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

Your FreeBitco.in account is now also a bitcoin savings account!

Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

ANNUAL INTEREST RATE
4.08%
Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.

What do you guys think of this new feature?

 

questionable move... did the owner change recently? this sounds pretty shady...

It is the same owner and I think there is nothing shady in the opportunity to users get some extra coins.Users claims from faucet every day and collect satoshi,if they have 30k+ on balance they will get some free satoshi every day.

For me this is one of the most trusted faucet that exists a long time,in an effort to remain attractive to users from time to time adds something new to his offer.

Of course this does not mean that somebody should deposit BTC there and wait for interest,but since I avoid to withdraw dust to my wallet this option is only small bonus for me Smiley

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March 13, 2017, 06:54:00 PM
 #750

Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

Your FreeBitco.in account is now also a bitcoin savings account!

Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

ANNUAL INTEREST RATE
4.08%
Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.

What do you guys think of this new feature?


if the owner did not change it's fine then!
 

questionable move... did the owner change recently? this sounds pretty shady...

It is the same owner and I think there is nothing shady in the opportunity to users get some extra coins.Users claims from faucet every day and collect satoshi,if they have 30k+ on balance they will get some free satoshi every day.

For me this is one of the most trusted faucet that exists a long time,in an effort to remain attractive to users from time to time adds something new to his offer.

Of course this does not mean that somebody should deposit BTC there and wait for interest,but since I avoid to withdraw dust to my wallet this option is only small bonus for me Smiley

spatifilium
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March 13, 2017, 09:08:40 PM
 #751

I claim non-stop  best faucet ever

This interest is only a small bonus, when I get up to 100 k I withdraw on debt card

pecson134
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March 14, 2017, 04:25:15 AM
 #752

Then if you have 1 bitcoin in the site you can earn a percentage of the 1 bitcoin everyday? So it is better just to save and not withdraw all bitcoins just to have a much larger interest?

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holydarkness
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March 15, 2017, 05:49:37 PM
 #753

Then if you have 1 bitcoin in the site you can earn a percentage of the 1 bitcoin everyday? So it is better just to save and not withdraw all bitcoins just to have a much larger interest?

Well, yes. The minimum amount to be eligible for interest is actually 30.000 sat (stated on their page) but the more you have, the bigger you will get. What you need to bear in mind is that you don't need to do special action for this like locking your balance at their account for 24-hr or something else, you simply just need to let your coin sit on the site. Being didn't have to be locked for certain time, you can always withdraw at any time.

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March 17, 2017, 10:52:24 AM
 #754

I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.

Anyone seen this?
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March 17, 2017, 10:55:36 AM
 #755

I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.

Anyone seen this?

No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish.

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March 17, 2017, 12:40:54 PM
 #756

I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.

Anyone seen this?

No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish.

My history will show I have neither fulfilled the wagering amounts nor claimed another bonus. I think it is a neat way to take your deposit. If I knew it was like this I would have never deposited there.

I actually saw my account decrease while playing the multiply game this morning from 70K to 69K. So where is it going? And note this is on winning.
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March 17, 2017, 01:00:25 PM
Last edit: March 17, 2017, 01:12:45 PM by anthello
 #757

I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.

Anyone seen this?

No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish.

So question, if I don't see a bonus balance what does this mean I have used it up (lost the bonus) from the terms  they say it does not expire. And let's say I have made the requirements which I doubt why can't I see the amount returned to my main account.

Now I have this message at the top of my multiply page

 
Quote

Deposit between 0.00090516 and 1 BTC to your FreeBitco.in account and after the transaction has been confirmed, reload the MULTIPLY BTC page to claim a 100% bonus from us for playing MULTIPLY BTC! (BONUS TERMS)

That amount they are asking me to deposit changed recently from 81K to the current amount. The difference I posit is the exact amount gone from my balance.
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March 17, 2017, 04:03:39 PM
 #758

I only claimed once from freebitco.in,and never got any multipliers in the process, not even the cheapest one..lol
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March 17, 2017, 05:47:44 PM
 #759

I only claimed once from freebitco.in,and never got any multipliers in the process, not even the cheapest one..lol

Uhh... because you only claimed once? Give it some try and eventually you'll hit the higher tier. Although it is quite random, it is not impossible.

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March 17, 2017, 05:53:17 PM
 #760

I think there is a problem here with the new multiply BTC bonus. I started with 200K satoshi and been winning in the free rolls and multiply game but steadily the satoshi has been moving out of my balance and into a bonus account. Then a message pops up asking to claim the bonus with a minimum and maximum amount. When I first saw this I chose the minimum good thing as they take it from your balance. I said OK and could see this balance now I cannot and whenever I play the multiply game by balance decreases even though I am winning.

Anyone seen this?

No additional balance is moved to your bonus account after the initial amount when you claim the bonus. However, when you play multiply and have a bonus active, the winnings are added to your bonus account (instead of the main account) until the wagering requirements are fulfilled. After you have fulfilled the wagering requirements, the full balance of the bonus account is added to your main account and you no longer have a bonus account. At this point, you can claim another bonus if you wish.

So question, if I don't see a bonus balance what does this mean I have used it up (lost the bonus) from the terms  they say it does not expire. And let's say I have made the requirements which I doubt why can't I see the amount returned to my main account.

Now I have this message at the top of my multiply page

 
Quote

Deposit between 0.00090516 and 1 BTC to your FreeBitco.in account and after the transaction has been confirmed, reload the MULTIPLY BTC page to claim a 100% bonus from us for playing MULTIPLY BTC! (BONUS TERMS)

That amount they are asking me to deposit changed recently from 81K to the current amount. The difference I posit is the exact amount gone from my balance.

If you are unable to see a deposit account that means you either completed the wager requirements or the balance became 0. If you pm me your user id, I can take a look at your account.

The minimum bonus amount is updated every 24 hours and is fixed at approx. $1. Regardless, the amount of bonus that you claimed will exactly be the amount deducted from your balance as well, no more and no less.

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