Topic: FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 371. (Read 408453 times)

Just passing by to share my little win.

It's the only one i use now, i got an overdose with faucets i hate since.

I'm super skeptical of any mining investment program. Bitcoin is far too volatile to to be able to guarantee any kind of return. The only way it's long term profitable it seems is if a pool operator collects his fees for running a pool from people who supply their own miners. The key breakdown point for me is always that if you have excess mining capacity that you are "renting" out, or allowing people to buy a share of, you either have to be losing money by doing so, or the mining power will never generate the principle amount of the investment, otherwise you'll have lost money by offering it as an option. It doesn't make any sense to me that someone would rent out mining capacity or "profit share" something they already own that would end up reducing their income over the long run. Also, Bitcoin mining is far too competitive to be able to guarantee an 8-10% return, even if standardized by denominating in btc.

Sorry, I cannot reveal the exact method that we were planning to use to guarantee returns as it is a pretty big competitive advantage that we have which others don't and we may yet implement this in the future.

The winners are Bigmann23 and pawel7777! Please pm me your freebitco.in user ids for the prize.

That's a bummer. It would be a great addition. But how could you possibly guarantee a fixed 8%-10% return? You would expose yourself to a high risk, as you cannot possibly know what the difficulty will be like in the future and whether your hardware will still be efficient etc.



Who are those lucky 2?

The first one?


Ignoring misspelling, that's a bit general answer, could cover anything from selling mining hardware to cpu altcoin mining software (or even mining pool etc). Would you count this?

Other guy was more accurate:


But he broke the rules by making 3 guesses within 24h frame.

I believe I was next:

Did I win?

I am sorry to announce that the new feature that we were working on will not be released in the near future. I'll try to explain what we were trying to do.

I was trying to create a mining investment program for users where users would be able to invest their bitcoins with us and we would use it to purchase bitcoin miners and generate profits. The way that I had designed this was that it would carry absolutely no risk to the user (other than us running away with their money, which is always a risk with any investment) and users would be guaranteed a fixed return on their investment (around 8-10% APR) measured in bitcoins, regardless of the BTC price. It would eliminate most issues with "cloud-mining" schemes and users would not have to worry about the difficulty and price, we would assume all of that risk. We would also provide proof of our mining hashrate to show that we were not running a fractional mining scheme.

To do this, we had already installed about 2 petahashes of mining power with another 2.5 petahashes planned to be installed soon. However, the main issue is that there simply isn't enough stock of efficient miners available to make this viable. There is no point in raising investments if we are unable to expand quickly and currently it seems like that will not be possible to do soon. Also, the recent price volatility has made it very expensive to reliably hedge against some uncertainties (which is necessary to prevent us from going bust in case of some unexpected circumstances). So I have had to put the project on hold, we will continue with expanding our mining operation but will not be opening it up for investments unless we are sure that it can be viable long-term. We have everything ready to go so if there is a possibility that this can be done in the future, we shall implement it

I'll contact the first two users who correctly guessed what the feature was to reward them their prizes. Sorry for hyping this up and then disappointing people who were waiting.

You should be able to see the link to verify your phone when you get the message "someone has already played from this IP". Previously the verification link was also available in the profile page when verifications were free. Let me know if you are unable to see the link and I'll try to make it more visible.

It cost's us that to use the verification service (nexmo). Previously, when we had adsense we absorbed the cost ourselves but now it is passed on to the user. It is only needed if multiple people want to play from the same IP.

Another win!

Yea, where is this function? I have a household of 5 people and we share 1 router. So we only use 1 account for everyone, which is impractical. We can sit in front of the television with our tablet and notebooks and connect via the same Wifi connection and play with the multiplier. It will also increase our chances in the lottery and to win with the Free rolls. Please give some more information, I do not mind paying some extra fee, if the whole family can share in the fun.  ^smile^

I can even sign up the secretaries at work, where we go via one router too for internet access. The 1 x IP limitation blocked new membership in my opinion, but I can see why it was done.

2nd price

http://imgur.com/a/VX3rT

Its very interesting because first time I am hearing about this can you give some more information about this how can they verify mobile phone and where is this facility available

What do you mean it costs $0.15 in btc? To confirm a mobile number with freebitco.in? Who does it cost to, you or the person confirming the number? This is the first I've heard of this, so I'm just wondering what exactly the expense is and why there is an expense.

If both users verify their mobile numbers, they can both claim from the same IP. However, this isn't free it costs about $0.15 worth in bitcoin.

I actually have my own experience regarding that. So I introduce two of my friends to freebitco (unfortunately one didn't interested that much and stopped claiming after few claims) using same wifi. And whenever one had claimed, then the other (lets say it's me) can't claim at the same time because on my browser the countdown had started with the exactly same time as my friend claimed. So I think it is safe to say that they only allow one IP per claim per hour. Unless you do other verification. I know there were a writing about having an exception (i.e. two claims for the same IP) but I forgot how

Thanks mexicantarget for your quick response

Now I know what to do. Muchas gracias 

Your IP will probably get connected to multiple accounts and you'll get detected

Hi everyone,

I have a question. I owned an internet cafe and I have 2 referrals who are my customers.
Is it okay if we use the same IP address? Or we will be banned for using only one IP address?

I look forward to hearing from you.

Thanks. 

Thanks. This week is very lucky for me. After few days I also won 3rd tier prize from bitcoin faucet and few 2nd tier prizes from both faucets.

Sorry about the lack on updates on that, The price increase has created a couple of small issues that I am trying to find solutions to. Should be a few more days.