Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1168. (Read 559685 times)

You're right. It's also possible to increase faucet rewards up to 1000 Satoshi by playing Multiply BTC and buying lottery tickets. I just posted very basic calculation if you use Freebitco.in without any tricks and strategy.

This is what you get when you don't think out of the box (or just don't think at all)

And I don't mean doing anything which would be against the rules or otherwise shady. First, when you free roll, you get reward points (2 points for 1 roll, if I'm not mistaken). You can then exchange these points for a bonus which is added to your base amount. Further, you can sign up using a referral link of someone who is paying back to their referrals. For example, I pay back 100%, which means that on all your free rolls you get a 50% bonus at the end of the day (week). There are likely a few other things that I simply don't know about but which can help you greatly reduce your "withdrawal times"

You barely can reach withdrawal limit just in one month. If minimal reward is 50 Satoshi and withdrawal treshold is 30 000 Satoshi, you have to make ~600 free claims to reach it. So, if you make 10 faucet claims per day, it will took about 2 months to reach withdrawal treshold. Offcourse, if you will win bigger tier rewards you will reach treshold faster.

For those who are wondering about what I am talking about should check my post in the LN topic:

https://bitcointalksearch.org/topic/m.49430062

I withdrew 150 sats from this faucet via Lightning Network and it appeared in my wallet in 20-30 seconds. This is the future.

It is an open forum where anyone is free to comment anyone else's posts. So I don't mind if you do (or anyone else, for that matter). But you can choose to ignore me if you feel hurt for whatever reason (I don't mind either), though I can't honor your request, sorry for that

You may want to ask your questions in private to avoid the discomfort of someone else answering them

First of all, I am not talking to you. I asked the question to Quin. Not you.  If you don't quote me in your future posts, I would be glad.

I was very clear what would happen when the price of bitcoin goes above $100k. We only saw $20k and last year facuet drops were as low as 10sats. Yes freebitco.in may survive if the price stays at $20k but It probably won't be able to when the rewards become 1sat.

With the LN it is possible to reward sub satoshi amounts and the withdrawal fees will be 1 satoshi at most. (it is 2040 sats now on freebitco.in if you want instant withdrawals) I clearly stated this in my post. So, I am waiting for an answer from Quin, not from  a thick fella like you.

And how is Lightning Network supposed to help here?

Will it make rewards higher or what? If Bitcoin ever goes to $20k, we will be back where we were a little over a year ago. Did people stop using the faucet back then? Besides, you wouldn't really expect the fees to rise as much if high prices re going to happen again precisely because of Lightning Network now in the mainnet. So for small people like us it shouldn't matter much, especially considering the fact you should have Lightning Network at both ends

With that said, though, I agree that introducing Lightning Network everywhere should help Bitcoin adoption as such. Therefore, it is a good thing on its own

Hey Quin,

Do you consider enabling Lightning Network transactions or creating another faucet with LN? If Bitcoin goes above $20k the faucet rewards will be lower than 10 satoshis. And as many people expect if it ever goes above $100k, it will be reduced to 1-2 satoshis which is going to make this faucet practically unusable. The only safe way out of this enabling the lightning network where you can reward people with (even) sub-satoshi amounts and the withdrawal fees will be near zero.

What do you think?

I can't remember which exchange we use, I'll ask wetsuit next week, but the current exchange rate we are using is displayed on the stats page. I'm not sure about displaying the current balance in USD as one of the most common support questions I get is "How do I withdraw in xxxxx currency to my bank/PayPal?".

Obviously, I meant the case where one is not gambling


So how exactly is this $50 threshold determined?

You see, the balance is shown in bitcoins, so no fiat is involved in the process, right? It looks like you have to take this balance and calculate its value in fiat. What exchange rates are you using and where can we check them? And while we are at it, it would be good to have an option or switch that would allow to see the balance in dollar terms - again, to see where one is standing with this threshold in mind

One person having one account is not multi-accounting abuse. I'm sorry you find that so confusing.

There isn't one. If the wagered to free ratio is high enough you could have a zero balance and still get full base reward.


I'm not going to give the actual formula so as not to encourage people to try and game it. Sometimes we find a lot of people doing that and have to tweak the formula.

We brought in the $50 and $100 limits so that the system doesn't penalise people with old accounts that made a lot of free-rolls back when BTC was around $200. It is very difficult for them to wager enough at $3,500 BTC to outweigh their total free winnings. So yes you are correct as long as you keep that $50 balance then your base reward will never be reduced.

I meant if you had a small balance like 50k satoshi


But what is the lowest requirement for the balance to have the highest full base reward?

Or the requirement for the highest tier of the free-rolls payout table which should mean the same thing as I see it (for those who don't gamble)? You say that $50 balance guarantees the full base reward. Does it mean that it is large enough and thus doesn't depend on the ratio of total free winnings against wagered amount and balance? That is, no matter how long you play free rolls, your full base reward won't be reduced to 33.5%. If it will, how much should be added to the balance to "make life full again"? And after all, could you write that formula so that we always knew where we stand in respect to this reward?

Roughly, it would take a month or less maybe a few weeks to reach the minimum withdrawal assuming the price of BTC stays $3.5k for the entire month and the lowest payout to stay at 50 sats per claim.

TheQuin mentioned that there are some factors involve so the process could go faster or slower that includes the average claims you make in a day, active referrals,lottery wins.

So, it's quite the opposite, eh? Hmmm. So even if I tried to roll it every hour without being missed, I can still get a long period before I can make a withdrawal request... Well then, its now or never, maybe I'll just try it on my own and see it for myself

You are right that you can withdraw just from the faucet. It's difficult to answer the first part mainly because it depends on the BTCUSD exchange rate and also how lucky you get rolling high numbers. The free-roll reward amount is static in USD and the minimum withdrawal is 30,000 Satoshi. If Bitcoin were to crash back to the hundreds of dollars you would get there quickly but if it goes to the moon again it will take a lot longer.

Does any one here have already claimed their rewards through faucet only? I just want to know if I were to start again using it and without playing on multiply, how long will it take me before I can make a withdrawal?

As far as I know freebitco.in doesn't require users to make a deposit before they can make a withdrawal request am i right?

Lol at the email. They did that on purpose because they wanted to help you out huh ? Yeah, sure why not. I can see they have broken english and do not write properly which means they are not from a country like usa or uk and even tough there are many places in earth that are advanced but doesn't speak english it looks like education on those countries are a bit better, considering he didn't have proper english that means he must have been from a third world country type place and even the small amount they could get away with could worth a decent amount in their country.

No matter how much they got away with (even if its small) they should be banned and punished for what they did but it won't stop idiots like these to actually try to find a way to make a buck or two, even 5 dollars a day is a lot of money in many countries so they will keep coming.

It is support(at)freebitco.in


The real botters are still trying but I've had success in stopping a couple of the biggest ones over the last week. One botter has been signing up thousands of new accounts every day. I started blocking his withdrawals and he thought he could get around it by making a large deposit before requesting a withdrawal. He lost 0.32 BTC trying that out and then switched off his bot. He'll be back with another idea soon.
Your bot, on the other hand, I don't want to stop. There is an individual person behind each one so it isn't multi-accounting abuse. You also seem to attract a high ratio of gamblers and you are very profitable for us.

---

It's not actually deposits, it is the current balance. You can get that through referral income or gambling as well as depositing.
The full base reward refers to the $0.002 for the lowest tier of the free-rolls payout table. There is a formula that measures a ratio of total free winnings against wagered amount and balance. Accounts that only play free will eventually have that base reward reduced to 33.5% of full reward. The $50 balance is enough on its own to give full reward for people that don't want to gamble. Accounts that wager need less than $50 balance. The exact same thing applies to playing without captcha but the requirements are higher ($100).

Somehow I missed that part

What is the minimum amount I have to deposit to get this "full base reward" and in which currency is it calculated exactly? To avoid possible misunderstanding, is it the same as "FREE BTC reward", which is now equal to 0.00001064 BTC? And if these are the same, will the full base reward remain the same as long as the minimum balance requirement is satisfied? Won't this reward diminish with the number of FREE BTC rolls increasing?


Established casinos don't need outside money as they have enough dough on their own (a hint, they can even run signature campaigns)