Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1406. (Read 559106 times)

LUCKY NUMBER            PAYOUT
0 - 9885              ----->0.00002280 BTC
9886 - 9985         ----->0.00002205 BTC
This is mine in freebitco.in. Can anyone explain why?







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If I not mistaken here, some of them said that their aource of money is coming from their ads but I do not see that their site is full of ads which I do not really know how can they pay more than 2 btc on each week. If this continues I can guarantee that every week they have more than 5 btc incomes

With such a high house edge even though you have a huge bankroll still you can't win money from this hi-low game. Many sites got just around 1% house edge and still no one can win in the long run but with 5% house edge, it is impossible to win money. But site owner will make a lot of money from this game.

That's right as this is more of a faucet then a gambling site but still I see people trying to make it big on the hi lo game and end up losing everything because they get too greedy. I just use the faucet and leave the claims build up to earn daily interest which I think is better then risking it on the hi lo game.

Website giving out bonuses freebitco.in is the best of all. Greediness in this game was not effective, freebitco.in is legit, but you cannot win to this game using Hi-Lo if you have no enough Bitcoin to use.

That is my point.... People will go back to these faucets in search of those lost Satoshi's they had in these faucets. I am a big believer in people

forfeiting their Satoshi's when they have not claimed them within a year from the faucet. {Yes, the owner have control over these "lost" Satoshi,

but people should be a bit more responsible with their small change} The big secret to the success of faucets are not the odd 80 Satoshi's you

get from the FREE BTC, but rather from the Satoshi they get from the referral network. 

I absolutely agree with this, when Bitcoin hits $10k, which is quite possible in the nearest future, those 80 sats which we get as the minimum reward there will not look as small as it is now.

And yes, I remember the times when BTC was under $200 and they were paying 1000+ Satoshis per hour. I also was withdrawing more than 100k sats per week back then.

using such a spreadsheet in Dropbox does have some big disadvantages (in my opinion):

a) the size of file can get gigantic:
imagine tons of entries with just 1 or 2 tickets (from free rolls). lets calculate. 8 byte for timestamp, 4 byte for userID, 8 byte for ticket window (2 integers) makes a total of 20 bytes for possibly each ticket. say that we have only entries with 2 tickets, that would mean we could have 50 million entries in the spreadsheet. That is around 1 Gigabyte of Data. This will also grow with more active users. Also it gets very messy and confusing to quickly find the winning ticket number.

b) you are relying on 3rd parties
Using dropbox (or any other "trustworthy" partner) is always a risk for freebitco. If dropbox is not available, we cannot draw lottery winners. Are we willing to risk that? What if dropbox changes their services, APIs, or financial plans?

c) you are publishing sensitive data
publishing the exact date and amount of aquired tickets combined with the userID they belong to will reveal many other things as well. Now everybody can track specific users, check when they received tickets (and with that, they can backtrace the action you did (playing free rolls? 2 tickets. 100k tickets? probably bought directly. 12489 tickets? oh, you probably bet 12489*1500 (current rate) = 18,773,000 satoshis in high-lo game. Now you can also see a users Referer, since he will also receive 1 ticket at the same time you receive 2 from a free roll. With the timestamp you can now find out at which times of the day a user is active which will be an indicator of his timezone. This is a leak of personal data many people should be concerned of.

That will hopefully soon be changed, as users have submitted algorithms for wetsuit to use to show the lottery is provably fair, and he will be picking one shortly.

I also agree with you, in that users do not end up withdrawing for various reasons, and so the faucet is much more profitable than it may initially seem.

If I'm not wrong most of the faucet users never withdraw money because either they end up losing money in hi-low game or wasting money in a lottery system. Because as you said with 5% house edge and with that much small amount no one can win money from their hi-low game. And in a lottery system, no one knows how they are picking the winner and mostly they may pick the one which they want for the first price and smaller ones may be given to other members. Since they don't have a system to prove they are honest so we can assume these things for now. So they are always in a profit but only people are either wasting their time or money.

Haha, let's agree to disagree

To my point though, wetsuit (site admin) has previously stated that he is still calculating the amount of extra BTC on the faucet that can be given while still remaining profitable, meaning that contrary to chineseprancing's remarks, I do not feel that freebitco.in will go bankrupt due to increased faucet claims. Freebitco.in makes a killing from the 5% house edge on their hi-lo game, so if they wanted to kill the faucet, they could've and would've done it long ago... There is a reason they keep it running

nope I think you misunderstood the point of freebitco.in,sir
it is a business that brings money to the owner,so if it is a faucet or a dice site or a space invasion early warning system
it should be profitable to be maintained and developped,freebitcoin as a faucet only has outlived its purpose
there are only that many people around the globe that haven't heard or registered at freebitcoin,it is not profitable to run it is a standard faucet monetised with ads only
so the owner decided to introduce different sources of income for his site: hi/low game,lottery etc. and it is the right thing to do
if he decides that the faucet is no longer needed and is dragging him down,he will dispose of it mercilessly

Haha, sir/miss, I believe you misunderstand the point of freebitco.in. The main purpose of freebitco.in IS to be a faucet. It was created with that purpose and continues to be developed with that purpose. Freebitco.in also includes a gambling feature (among other things), but I can assure you that wetsuit has calculated how much to give on the faucet in order to remain profitable while doing so. I highly doubt they will be going bankrupt anytime soon.

How long freebitco.in give a high amount of Satoshi? Because if it is continue for a long time maybe the freebitco.in was declared of bankruptcy. Due to some users were make it faucets instead of gambling site.

About 2 to 3 years ago 1000+ Satoshi per hour was the average pay out for this faucet. Even then people complained about the pay out being too

little.

Examples of some of my withdrawals :
2014-11-06 12:49:29 ------->  0.00300000 BTC

2015-06-14 04:52:09 ------->  0.00427200 BTC

2015-07-19 02:56:08 ------->  0.00061509 BTC

These was paid out on a weekly basis and has some value now. So the 100 some odd Satoshi you earn per free roll now, might have some value

in the future too.  

this is the best faucet site ever.
good job!

Such a great site, is one of the rare faucets that doesn't have so many intrusive ads that you'd need to bleach your eyes to unsee.

Oh, silly me, i thought i can get +1500 satoshi every hour as a reward for wagering and/or buying tickets without using reward points.
I should wear glasses.  
But what is this 79 satoshi bonus and 28.83% achieved?

Please read how provably fair system works 

Ah, my bad, I thought you were talking about something else.

Food2, sounds logical. I hope you will get the promised 1 BTC and questions of type "is the lottery fair?" will stop popping up every 20 minutes