coinpot.co scam or not - page 5. | Bitcointalksearch.org

CryptoNinjaco

newbie

Activity: 9

Merit: 0

Lots of problems lately but they seem to be getting things resolved. IMO not a scam.

grahamlyons

full member

Activity: 338

Merit: 104

Quote from: grahamlyons on May 13, 2019, 05:07:03 PM

Quote from: disdaniel on May 13, 2019, 08:55:13 AM

No you clown, i will have to call bullshit on your reply, it has no substance what so ever, see bellow, also you are OBVIOUSLY associated with them since you
are defending them in every thread questioning them and failing pretty bad in your rule as just a happy user.. its rather obvious dude.. and anyone that reads my post,
check the sources and if they want do the math when it comes to your challenge bonus will realize who is full of crap.

"as for you stuff about the scam adverts, i cant really comment on those as i never use these investment systems. but yes im aware that some of them turn out as scams. but unless you have some evidence that coinpot is somehow involved with this then it does seem a bit tinfoilhat-ish"

ehh.. did you read anything? if you did and then clicked the link
https://www.ccn.com/bitcoin-generator-exploit-scam-clears-thousands

That is EXACTLY the proof you are asking for. read it all, check my sources and my claims and make sure
you can actually either refute them or i cant prove them before calling what i say bullshit, now you are baselessy accusing me of being dishonest
while i have proof and you have air.. Not exactly a feather in your hat.

Next, yes i can post a bunch of numbers.. but to claim that its the same as some wonder bs system is ridiculous..
Because all the statistics etc is based on real math from the real world and is not by my but by a university..

You have NOTHING except your own experience, you dont provide a single valid counterargument.

Sure the rolls i cant prove it, i guarantee its correct tho but the the FACT that if they would be fair they would with their bonus system loose twice as much money
as a casino makes on each dollar.. undisputed fact you cant change.

So i DO have verified proof, check the link AND again, sure my experience with the multiplier you can ignore, but not the numbers proving that a no edge gambling site
that then gives you bonuses making the edge yours...why would they EVER do that?

And again why would i fake or fudge anything, the only reason making the post is because my experience, my logic and other peoples verified information proves something sucks
and it makes me want to warn people to not waste time and money.. but again since you haven't been ripped off then all must be lies.. i rest my case.

so still no actual proof of anything then Roll Eyes

ps. im not associated with them, other than that i use their service and and make some money via affiliate/referals etc so i defend them because i want people to know it is a good honest website and continue using it

ok just for a bit of an experiment i have just done 2 multiplier sessions and recorded the video...

500 rolls
1 token each
2x
alternate high/low

the videos are about 6 minutes long and can be viewed from here...

1. https://gofile.io/?c=xQUPxz
2. https://gofile.io/?c=RnOQMC

in the first video the final profit is -10 tokens. so i lost 10 tokens across 500 rolls which means i won 245 rolls and lost 255 rolls. this is a 10/500 loss = 2% loss
in the second video the final profit is 0 tokens, so my balance was the same at the end which means i won 250 rolls and lost 250 tolls. 0% loss

some notes
1. in both sessions the were various times during the 500 rolls where i could have stopped the auto-roll and taken a small profit or a small loss of over 10 tokens
2. in both videos you can see small runs of wins and small runs of losses. this might not seem random but is down to mathematical variance which is a completely natural effect of true random rolls
3. THIS IS IMPORTANT!!! i am NOT claiming that this is "proof" of anything, but i do believe that it is at least better evidence that the multiplier is fair than some random numbers posted by a newbie account Kiss

Quote from: disdaniel on May 13, 2019, 08:55:13 AM

but not the numbers proving that a no edge gambling site that then gives you bonuses making the edge yours...why would they EVER do that?

this is really simple to answer...
1. they have a 0% multiplier - this makes no profit or loss for them in the long run
2. BUT it does attract a lot of gamblers as it is much better odds than other dice/multiplier sites
3. these gamblers create lots of page visits which create lots of banner advert revenue for coinpot
4. coinpot use this advert revenue to pay for the challenges bonuses system (which in turn attracts even more users to their site) - and probably keep a % profit for themselves of course to pay for hosting/development etc
5. this appears to be a sound/honest business plan to me and doesnt involve them ripping anyone off - unless you really hate banner ads, in which case you can choose to stay away of course

if you are still unclear about all this then i suggest you google/read up about the terms "mathematical variance" and "provably fair" before replying

grahamlyons

full member

Activity: 338

Merit: 104

Quote from: disdaniel on May 13, 2019, 08:55:13 AM

No you clown, i will have to call bullshit on your reply, it has no substance what so ever, see bellow, also you are OBVIOUSLY associated with them since you
are defending them in every thread questioning them and failing pretty bad in your rule as just a happy user.. its rather obvious dude.. and anyone that reads my post,
check the sources and if they want do the math when it comes to your challenge bonus will realize who is full of crap.

"as for you stuff about the scam adverts, i cant really comment on those as i never use these investment systems. but yes im aware that some of them turn out as scams. but unless you have some evidence that coinpot is somehow involved with this then it does seem a bit tinfoilhat-ish"

ehh.. did you read anything? if you did and then clicked the link
https://www.ccn.com/bitcoin-generator-exploit-scam-clears-thousands

That is EXACTLY the proof you are asking for. read it all, check my sources and my claims and make sure
you can actually either refute them or i cant prove them before calling what i say bullshit, now you are baselessy accusing me of being dishonest
while i have proof and you have air.. Not exactly a feather in your hat.

Next, yes i can post a bunch of numbers.. but to claim that its the same as some wonder bs system is ridiculous..
Because all the statistics etc is based on real math from the real world and is not by my but by a university..

You have NOTHING except your own experience, you dont provide a single valid counterargument.

Sure the rolls i cant prove it, i guarantee its correct tho but the the FACT that if they would be fair they would with their bonus system loose twice as much money
as a casino makes on each dollar.. undisputed fact you cant change.

So i DO have verified proof, check the link AND again, sure my experience with the multiplier you can ignore, but not the numbers proving that a no edge gambling site
that then gives you bonuses making the edge yours...why would they EVER do that?

And again why would i fake or fudge anything, the only reason making the post is because my experience, my logic and other peoples verified information proves something sucks
and it makes me want to warn people to not waste time and money.. but again since you haven't been ripped off then all must be lies.. i rest my case.

so still no actual proof of anything then Roll Eyes

ps. im not associated with them, other than that i use their service and and make some money via affiliate/referals etc so i defend them because i want people to know it is a good honest website and continue using it

disdaniel

newbie

Activity: 5

Merit: 0

No you clown, i will have to call bullshit on your reply, it has no substance what so ever, see bellow, also you are OBVIOUSLY associated with them since you
are defending them in every thread questioning them and failing pretty bad in your rule as just a happy user.. its rather obvious dude.. and anyone that reads my post,
check the sources and if they want do the math when it comes to your challenge bonus will realize who is full of crap.

"as for you stuff about the scam adverts, i cant really comment on those as i never use these investment systems. but yes im aware that some of them turn out as scams. but unless you have some evidence that coinpot is somehow involved with this then it does seem a bit tinfoilhat-ish"

ehh.. did you read anything? if you did and then clicked the link
https://www.ccn.com/bitcoin-generator-exploit-scam-clears-thousands

That is EXACTLY the proof you are asking for. read it all, check my sources and my claims and make sure
you can actually either refute them or i cant prove them before calling what i say bullshit, now you are baselessy accusing me of being dishonest
while i have proof and you have air.. Not exactly a feather in your hat.

Next, yes i can post a bunch of numbers.. but to claim that its the same as some wonder bs system is ridiculous..
Because all the statistics etc is based on real math from the real world and is not by my but by a university..

You have NOTHING except your own experience, you dont provide a single valid counterargument.

Sure the rolls i cant prove it, i guarantee its correct tho but the the FACT that if they would be fair they would with their bonus system loose twice as much money
as a casino makes on each dollar.. undisputed fact you cant change.

So i DO have verified proof, check the link AND again, sure my experience with the multiplier you can ignore, but not the numbers proving that a no edge gambling site
that then gives you bonuses making the edge yours...why would they EVER do that?

And again why would i fake or fudge anything, the only reason making the post is because my experience, my logic and other peoples verified information proves something sucks
and it makes me want to warn people to not waste time and money.. but again since you haven't been ripped off then all must be lies.. i rest my case.

grahamlyons

full member

Activity: 338

Merit: 104

disdaniel

newbie

Activity: 5

Merit: 0

Been betting 1 token on either high or low,

I could only do runs of 120 bets at a time since the list of token transaction stops loading after 120
and since (wonder why) there is no roll statistics statistics it had to be manually counted.
They are done with a couple of hours in between.

so 10 sequences 120 rolls each

1:
101 lost
19 win

2:
97 lost
23 won

3:
96 lost
24 won

4:
87 lost
33 won

5:
100 lost
20 won

6:
102 lost
18 win

7:
107 lost
13 win

8:
100 lost
20 win

9:
97 lost
23 won

:
93 lost
27 won

that's an average of under 20% wins over 1200 rolls.

To give you an example when a coin toss simulator was used to do rounds of 32 tosses x 50.000 times there was exactly 6 rounds that had less than 20% heads or tails
so 6 in 50.0000 32 toss rounds had a win rate of 20% or less.

My rolls where 120 meaning you should expect an even more uniform result closer to 50% than the 32 rolls.

6 chance in 50.0000 and I get the same abnormal low win rate every time, 10 times in a row, the probability of that happening by chance is almost nonexistent, not just
the very low win rate but the consistency is really weird too, during a span of 12 hours i did this little experiment.
win-ratio between 20 and 30 out of 120.

Take a look on this lil praph
https://www.fourmilab.ch/rpkp/experiments/figures/bd128.png

its from when they did 128 flips in a row showing how many ended up being 64 heads or tails and then how it rapidly decreases,
take a look over at the number 40 as in 40 out of 128.. zero probability 30? even less probability 20% where i am at is the absolutely zero chance of that happening zone.
and the chance of something that incredible happening 10 times in a row is supernaturally uncommon..

Im sure ppl will question my results. however what could my motivation be? i dont run any dice site, i have nothing personal to
gain by badmouthing them. I am just a consumer who dislikes to get ripped off and then told im a foilhat wearing idiot.

statistics lifted from this page btw
https://www.fourmilab.ch/rpkp/experiments/statistics.html

Now with their bonus system, IF it really was 0% house edge and fair etc you would have the strongest advantage over the house
ever heard of in gambling history.

1000 rolls gives you 100 coins in bonus, after this rolls the most probable result is the house having won
500 and you 600 effectively giving you an 8% edge during those first 1000 rolls
then you get 200 for 3000 rolls lowering your edge to 6% but that still more of an edge than any
casino ever have (its normally between 1 and 3% total) and casinos make a LOT of money..

But since these jokers numbers are supposedly the exact opposite of every money making casino in the world (with about 3.5-5% extra loss percent added on to that!) they should
by unquestionable logic be loosing a money at a rate twice as fast as casinos make money... not bloody likely.

Someone skilled enough to build and code a site/faucet system etc etc is really supposed to be that stupid, a math retard with never ending resources to cover up their insane losses?
Do you really believe that?

Or does it make more sense if, as my experiment
shows, they do in fact lie about a rather substantial edge? as in 25/75

What do you think, all the ppl angry over being ripped off are crazy AND the the owners have the business sense of mentally challenged squirrels?
or there might there be no smoke without fire, they are lying and ripping ppl off. just making sure their paying a majority so they will drown out the desperate
robbed victims.. if you get paid you love the site and your greed will often make sure you do nothing to jeopardize your cash cow, even if you might
honestly know that yeah.. something is up.

BUT THAT IS NOT ALL!!!! WOhoooo! MORE RAMBLING BS FROM BITTER DUDE!

There is UNDISPUTED proof available that they have been involved in ripping ppl off:

You might or might not remember how they used to run a lot of adds for the scam site bitcoin generator, the setup was thos: you send about 0.002 bitcoin then they would "generate" 0.1 bitcoin and send to your wallet.
People gullible enough not to question why the owners didn't just generate bitcoin for themselves until they owned the world obviously lost their 0.0002 bitcoins.

The scam site instructed you to send the money to a wallet address that then automatically sent it to the next wallet which has been proven to be owned by moon bitcoin aka coin pot ppl.. Now that IS a REAL scam,
not just misplaced money or transfers getting sent to the wrong address etc.. its them telling you to send them money for something they never intend to send you
pure 100% no discussion fraud, not even a ponsi scheme etc, worse.. pure no silver lining theft.

The stolen funds goes moon faucet owned wallet. again, who else except scammers would be involved in a scam that elaborate? noone..

No way ever to explain away that, they where involved enough to receive the money, consider that before automatically dismissing every person that feel ripped off.
https://www.ccn.com/bitcoin-generator-exploit-scam-clears-thousands

Just because they've paid you doesnt mean they're not ripping someone else off.. in fact that's how to make sure your scam is not an overnight thing but something
bringing cash for a long time, you pay a majority that will then defend you when the real victims complain.

More often than not the victims are from third world countries lacking the resources to do much at all about it, all of a sudden
their funds are gone, they never received owed transfers or they simply get band for being scammers themselves, very convenient

also take a look at all the ads they happily post all over their sites (via mellow adds, same ppl) about half at any given day
is for obvious scams no honest business man or women would dream of being associated with ever. these guys are less
sensitive to their members being ripped of by the scam adds they make money off (and as proven above sometimes they even are actively involved in)

Finally while typing this is started the multiplier, had 300 tokens, sat it to do nothing, just bid one token per round..
with no house edge i should after 550 rolls have a little less or a little more than 300 tokens left since its a even edge
how many do you think i have left? 0
In 550 rolls i lost 300 tokens.. in fact i could go back and look at the last 138 rolls... 107 losses 31 wins.. in line with every other sequence of rolls.. to make it simple about
25%^ chance of winning.. scamming scumbags

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

Quote from: Generalzod580 on April 23, 2019, 02:18:58 PM

To everyone that is saying coinpot is not a scam.... Know this ... because you haven't lost your money, or had a failed withdrawal doesn't mean it isn't happening to others. Sad

Once it happens to one person and there is proof which there usually is that's all. 1 evidence is enough to disprove something but in the case of coinpot.. There are several... In the end you guys may have it good but if you consider other cases honestly, the numbers reveal that coinpot does scam whether you like it or not.

Please can you share this "1 evidence is enough"?
Right now there are not 1 evidence of scam from coinpot. but you with your brand new account: I am pretty sure you have already all proof required for a scam accusation?! Please show it, or otherwise your comment is a totally non.sense and loss of time.

Generalzod580

member

Activity: 96

Merit: 12

To everyone that is saying coinpot is not a scam.... Know this ... because you haven't lost your money, or had a failed withdrawal doesn't mean it isn't happening to others. Sad

Once it happens to one person and there is proof which there usually is that's all. 1 evidence is enough to disprove something but in the case of coinpot.. There are several... In the end you guys may have it good but if you consider other cases honestly, the numbers reveal that coinpot does scam whether you like it or not.

grahamlyons

full member

Activity: 338

Merit: 104

Quote from: bitbollo on March 20, 2019, 01:11:04 PM

Quote from: boieemassab on March 19, 2019, 10:59:47 PM

LMFAO.... played the multiplier "game", one token at a time, started with 450 tokens, lost them all in 702 rolls (126 wins 576 losses), converted for another 77 tokens, gone in 151 rolls (37 wins 114 losses), so combined 163 wins 690 losses, for a whopping 163/853 19.1 win percentage, even lost more than 30 in a row several times in such a short sample size. I know they are free coins but still...come on guys Roll Eyes

. never did get my challenge star because it is not worth it Grin

Other than that I have always received my withdraws in a timely fashion (thank you) so it's not a scam, but "beware the game" lol

it's a dice, so your bet strike is not abnormal, just you have been only unlucky.
they offer seed to verify bets. other site that offer dice bets (eg yobit) doesn't have this feature Wink

yeah i think its a common misconception. just because their house edge is 0% and they are provably fair it doesn't mean you cant/wont lose or win over a large number of bets.
of course the winners rarely complain or post about this on forums but there will be an equal amount of them over time.
sometimes its just best to avoid gambling/casinos and keep hold of your hard earned tokens like i do! :p

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

Quote from: boieemassab on March 19, 2019, 10:59:47 PM

LMFAO.... played the multiplier "game", one token at a time, started with 450 tokens, lost them all in 702 rolls (126 wins 576 losses), converted for another 77 tokens, gone in 151 rolls (37 wins 114 losses), so combined 163 wins 690 losses, for a whopping 163/853 19.1 win percentage, even lost more than 30 in a row several times in such a short sample size. I know they are free coins but still...come on guys Roll Eyes

. never did get my challenge star because it is not worth it Grin

Other than that I have always received my withdraws in a timely fashion (thank you) so it's not a scam, but "beware the game" lol

it's a dice, so your bet strike is not abnormal, just you have been only unlucky.
they offer seed to verify bets. other site that offer dice bets (eg yobit) doesn't have this feature Wink

Adam556

full member

Activity: 953

Merit: 102

★★ freecoyn.com ★★

With all these games and like any casino you have to remember the old adage - the house always wins.

Coinpot is definitely not a scam though.

Razor33

member

Activity: 105

Merit: 10

Quote from: boieemassab on March 19, 2019, 10:59:47 PM

LMFAO.... played the multiplier "game", one token at a time, started with 450 tokens, lost them all in 702 rolls (126 wins 576 losses), converted for another 77 tokens, gone in 151 rolls (37 wins 114 losses), so combined 163 wins 690 losses, for a whopping 163/853 19.1 win percentage, even lost more than 30 in a row several times in such a short sample size. I know they are free coins but still...come on guys Roll Eyes

. never did get my challenge star because it is not worth it Grin

Other than that I have always received my withdraws in a timely fashion (thank you) so it's not a scam, but "beware the game" lol

I think is like slot machines

Few wins , many loose. More u play more chances to loose, less u play the better Cheesy

boieemassab

full member

Activity: 149

Merit: 100

LMFAO.... played the multiplier "game", one token at a time, started with 450 tokens, lost them all in 702 rolls (126 wins 576 losses), converted for another 77 tokens, gone in 151 rolls (37 wins 114 losses), so combined 163 wins 690 losses, for a whopping 163/853 19.1 win percentage, even lost more than 30 in a row several times in such a short sample size. I know they are free coins but still...come on guys Roll Eyes

. never did get my challenge star because it is not worth it Grin

Other than that I have always received my withdraws in a timely fashion (thank you) so it's not a scam, but "beware the game" lol

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: Razor33 on March 19, 2019, 05:19:55 PM

Absolutely no changes in my programs or operating system so is from their side.
Well if is a issue i hope will get solved but for now no more CPU allocated to them for now.
I will try every 7 days or so to see if bonus get added or not.

On the other side no more problems with the payments (i had 4 micro payments canceled for no reason in past witch i still consider a scam but np considering they payed 90 % of what i did withdraw last 2 years.

Don't expect much from them since their support is non-existent. If anything happens, consider it a lost cause.

Like the recent maintenance which took 1 whole day, causing some daily bonuses to be reset.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

never had a problem with their payouts!
Today I have launched the mining page (coinpot token) and there was around 50% less of other days.
Maybe it's just a temporary problem... matter of days and they will fix it.

Razor33

member

Activity: 105

Merit: 10

Quote from: bitbollo on March 19, 2019, 05:09:55 PM

maybe this is just an issue of the last 5 days if you have always received promptly bonus mining.
or you have changed some setting on your pc-laptop?

Absolutely no changes in my programs or operating system so is from their side.
Well if is a issue i hope will get solved but for now no more CPU allocated to them for now.
I will try every 7 days or so to see if bonus get added or not.

On the other side no more problems with the payments (i had 4 micro payments canceled for no reason in past witch i still consider a scam but np considering they payed 90 % of what i did withdraw last 2 years.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

maybe this is just an issue of the last 5 days if you have always received promptly bonus mining.
or you have changed some setting on your pc-laptop?

Razor33

member

Activity: 105

Merit: 10

No idea if is a scam or not but last 5 days they don't pay any mining bonus no matter what currency i choice to mine.
Usually using 50 % of my CPU and for 2 years now i could clearly see every 10-20 mins the mining bonus ect but now for last five days nothing is added.

netbug

newbie

Activity: 22

Merit: 0

netbug

newbie

Activity: 22

Merit: 0

Quote from: Adam556 on February 19, 2019, 07:33:35 AM

Quote from: netbug on February 17, 2019, 10:22:32 AM

It's long time I got hacked my coinpot account. Some one hacked few accounts on that site and activated 2Fa. So I can't access my account.
No help or respons from support. I think it's a scam.

So you lost your login in details and therefore you're calling CoinPot a scam. How does that work?

Support should response on every problem or they have to solve that.

I

Topic: coinpot.co scam or not - page 5. (Read 24906 times)