FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1290.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Pursuer on March 13, 2018, 03:04:12 AM

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy

I still have some more and had different amounts there for profit for a long time now.

I BTC investment on the online wallet is a big risk at least for me and I never put such a high amount of risk just for 4% profit per annum but it still depends on the individual. Yes, the site is paying people for a quite long time but that doesn't give any guaranty for the future so I don't take such risks.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Kakmakr on March 13, 2018, 12:41:03 AM

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about? ^not^

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy

I still have some more and had different amounts there for profit for a long time now.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Kakmakr on March 13, 2018, 12:41:03 AM

Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about? ^not^

They need to do 2 things to enable withdrawal to Bech32 addresses. First, upgrade their hot wallet to something capable of sending to Bech23 addresses and second recode the front end to be able to accept and verify Bech32 addresses (it need to be able to detect a typo in the address entered).

The interest paid is by way of compensation for taking the risk you talk about. They need long term deposits to form the bankroll. You can't run a gambling site without one. The reason that interest is paid at a random time each day is to stop people gaming the system and only depositing for short periods. I would imagine if you come up with a successful strategy to defeat that you will force them to change the rules.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: Betwrong on March 12, 2018, 05:01:05 AM

Quote from: TheQuin on March 12, 2018, 02:32:35 AM

Quote from: Kakmakr on March 12, 2018, 02:22:18 AM

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.

Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal is only 0.00000080 BTC compared to 0.00003000 BTC for auto. But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about? ^not^

S13

newbie

Activity: 2

Merit: 0

I like FreeBitco.in Grin

some news about Bitcoin Diamond and Bitcoin Private distribution? Thanks for info!

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Betwrong on March 12, 2018, 05:01:05 AM

Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal is only 0.00000080 BTC compared to 0.00003000 BTC for auto. But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

That's not what I meant. Have a look at the withdrawals on the stats page and they all come from address 329koRvovTyNnd4ADrpR2uJHzXxfvKxta5

Then if you look at the transactions you can see the input scripts are Segwit.

https://btc.com/b989ed96b870b5b8ef0bcc509a33792786a67abc6d2832fa4cffad71e669fff5

Updating the software to accept Bech32 addresses is different. I was just pointing out that they seem to have at least started the process of switching over.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: TheQuin on March 12, 2018, 02:32:35 AM

Quote from: Kakmakr on March 12, 2018, 02:22:18 AM

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.

Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal is only 0.00000080 BTC compared to 0.00003000 BTC for auto. But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: Kakmakr on March 12, 2018, 02:22:18 AM

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

They have partially implemented Segwit already. All withdrawals are being paid with Segwit transactions. Hopefully, it will not be too long before they start using Segwit deposit addresses as well.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: LTU_btc on March 11, 2018, 06:26:05 PM

Quote from: Kakmakr on March 11, 2018, 05:13:51 AM

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^

Yeah, it would be interesting to hear, do they have plans to implement SegWit in near future or no. Maybe SegWit would allow them to reduce or completely remove fee for weekly auto withdrawals.

Quote from: lite on March 11, 2018, 10:33:16 AM

Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy

I don't think that they will need for testers because there will be no new features added. Only domain name will be changed and new currencies will be added on faucet, hi-lo game and lottery, all other things will remain same.

I am more worried about the format that they would be implementing, because there is some backward compatibility issues between Legacy addressees and some SegWit formats. I think the standard is slowly moving towards the Bech32 format now.

The cost saving for a site with millions of users is significant, but the impact on the Blockchain is more important. We recently saw what impact sites like Coinbase has, when they do not implement batching and when they refuse to implement technologies like SegWit.

chris200x9

legendary

Activity: 1316

Merit: 1011

Quote from: Thirdspace on March 11, 2018, 05:48:46 PM

Quote from: Warfare on March 11, 2018, 05:18:35 PM

Quote from: Csmiami on March 11, 2018, 03:34:13 PM

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?

Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.

This has been mentioned and asked a lot here.
I'm not sure why neither Myfe nor wetsuit respond to the request yet.
For the time being just turn off your auto withdrawal and do slow one to save your bitcoin Cool

Admins of this site always very slow in responding any issues. They take people as a granted because they know all these people never go out from this site even though they don't provide a good support. It is a sad part of this site. Since very long back this issue many people bring up but until now they never fixed it.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

Quote from: Kakmakr on March 11, 2018, 05:13:51 AM

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^

Yeah, it would be interesting to hear, do they have plans to implement SegWit in near future or no. Maybe SegWit would allow them to reduce or completely remove fee for weekly auto withdrawals.

Quote from: lite on March 11, 2018, 10:33:16 AM

Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy

I don't think that they will need for testers because there will be no new features added. Only domain name will be changed and new currencies will be added on faucet, hi-lo game and lottery, all other things will remain same.

Thirdspace

hero member

Activity: 1232

Merit: 738

Mixing reinvented for your privacy | chipmixer.com

Quote from: Warfare on March 11, 2018, 05:18:35 PM

Quote from: Csmiami on March 11, 2018, 03:34:13 PM

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?

Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.

This has been mentioned and asked a lot here.
I'm not sure why neither Myfe nor wetsuit respond to the request yet.
For the time being just turn off your auto withdrawal and do slow one to save your bitcoin Cool

Warfare

sr. member

Activity: 1360

Merit: 257

Quote from: Csmiami on March 11, 2018, 03:34:13 PM

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?

Yes, they should, the free auto withdraw fee is 3000 satoshis compared to 160 for slow and 727 for instant.

Csmiami

copper member

Activity: 1652

Merit: 1325

I'm sometimes known as "miniadmin"

I don't really know if this has been mentioned before (too many replies), but the same way "Free whithdrawals" got a small tx fee when miner fees were around 20$, don't you think they should have disappered by now that tx fees are around 0.08$?

lite

legendary

Activity: 1400

Merit: 1009

Quote from: babygun on March 11, 2018, 02:26:24 PM

Quote from: Warfare on March 11, 2018, 01:27:26 PM

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

Could this be the round with the highest ever number of tickets? The total of tickets was 468,714,529 , a quite impressive number!

Nope, 535,918,357 tickets is the highest total number of ticket ever on freebitcoin. 468,714,529 still impressive though, maybe the record of highest tickets will be broken some day. Wink

babygun

sr. member

Activity: 2170

Merit: 254

Quote from: Warfare on March 11, 2018, 01:27:26 PM

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

Could this be the round with the highest ever number of tickets? The total of tickets was 468,714,529 , a quite impressive number!

Warfare

sr. member

Activity: 1360

Merit: 257

LOTTERY ROUND 145
This round, the winner with the lowest number of tickets is #3 with 895 tickets.
#1 won 1.25606653 BTC with 4,104 tickets.

lite

legendary

Activity: 1400

Merit: 1009

Quote from: Kakmakr on March 11, 2018, 05:13:51 AM

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^

Segwit probably be implemented on new version or on re-branded freebitcoin domain/site. btw @wetsuit any update on re-branding? if you need a tester to get feedbacks etc, count me in. Cheesy

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Rajs64 on March 10, 2018, 06:59:29 AM

How the interest rates with falling bitcoin prices? in end, the amount gained might be in fractions.

The interest rate will be same and it never changes. You will be paid interest in bitcoins. So if bitcoin prices go high at the end of the year your profits in terms of fiat will be higher and bitcoin prices go down then your profits will go down in fiat.

Since they pay you interest in bitcoins so if prices go down then keep those bitcoins until its prices go up again then your profit will be more.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

When is Freebitco.in going to go over to SegWit? Last I checked they still used the old Legacy Bitcoin addresses. A lot of exchanges and wallet providers already went over to SegWit and I see most of the signature campaigns are also asking people to provide SegWit adresses.

If you decide to implement it, what format will you be using? Hope I did not miss any anouncements about this. ^smile^

Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1290. (Read 559424 times)