Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 1411. (Read 559098 times)

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As for the reference to the above post before that post of yours, I understand that it's really a fair draw as you guys are always stated. As from what I understand to the concerned of that post, the point is, there are already lots of winners for a total of 106 in each tier. If there is 10 tier then a total now would be 1,060 users. To 106 winners of 1st prize none of them didn't have a chance to show proofs here in bitcointalk that they already won. For 106 second prize winners too and so on. For the total winners only I think less than 10 show proofs they won the lottery and that is on smaller tier or correct me if Im mistaken here. Questions like that will really raised here.

Freebitco doesn't have to do if majority of those 1,060 winners doesn't want to give proof but isn't it nice if they will somehow show proofs as it will give Freebitco gained more trust to users especially right now that they are adding good features in their site?

I would love to make the lottery provably fair but unfortunately there is no method of doing so as far as I know. Hence, I have done the next best thing which is to offer users a chance to opt out of the lottery and receive reward points instead if they feel the lottery is rigged. You can do this from the PROFILE page.

I willl offer 1 BTC to anybody who can provide me with a way to make the lottery provably fair in issuing tickets and picking out winners. The system described should be able to handle hundreds of millions of tickets and verification for users should be fairly easy and straightforward. You can post your ideas here and I'll go through them and reward the idea that we use.

Both the free roll and the dice game are provably fair and the website will be going completely ad-free as of today.

Another BTC lottery site claims they are provably fair: http://lotterybits.com/provablyfair.php  I'm not into programming or maths, so I'm not sure.

If there is one player registered for a game, then he will be the winner.
If there is more than one player registered for a game, then we use the seed value for the game and game ID to determine the winner.
Each game has a seed (example: 3541e9631f7ea07abebe2de40c0f3db931c66fe7124e65ae767746112a0fade9) and game ID.
The hash of the seed for each game is shown on the website so that users can verify that the seed used to calculate the winner is the same we declared before game.
We use cryptographic function to get a number between 0 and 1000000 from the seed and game ID.
Then we take the mod of the selected number by the number of players to get the player ID of the winner.

Example: if the number is 5783 and the number of registered users are 10, then 5783 mod 10 = 3 so the winner is user 4.

I would love to make the lottery provably fair but unfortunately there is no method of doing so as far as I know. Hence, I have done the next best thing which is to offer users a chance to opt out of the lottery and receive reward points instead if they feel the lottery is rigged. You can do this from the PROFILE page.

I willl offer 1 BTC to anybody who can provide me with a way to make the lottery provably fair in issuing tickets and picking out winners. The system described should be able to handle hundreds of millions of tickets and verification for users should be fairly easy and straightforward. You can post your ideas here and I'll go through them and reward the idea that we use.

Both the free roll and the dice game are provably fair and the website will be going completely ad-free as of today.

How about providing blockchain transaction links in the "previous round winners" list for starters?
Not as much verifiable as most people would want but it gives at least some transparency, right?
 

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I willl offer 1 BTC to anybody who can provide me with a way to make the lottery provably fair in issuing tickets and picking out winners. The system described should be able to handle hundreds of millions of tickets and verification for users should be fairly easy and straightforward. You can post your ideas here and I'll go through them and reward the idea that we use.

So you assume that every user will vouch for themselves, saying they're not cheating. And that FreeBitco.in should have a system to prove that they're not lying?

I think you're losing the audience a bit with this last comment.

Anyway, you requested a response and we gave you one. We offered you the truth, sometimes the truth hurts.

To everyone else...if you can think of a way to make the lottery ticket acquisition process provably fair, we're open to suggestions.

Cheers, friends.

@MinerHQ, other questions?

Basically, above post didn't answer my questions. You just asking users to believe you guys and buy the tickets. There is no such thing that we can verify what you guys are doing fair or not. Every individual will vouch for themselves saying that they are good. But there should be a system to prove that they are doing good.

We have a well rounded business and most of the income comes from our MULTIPLY BTC game. Only a part of the investments is invested in mining and we have access to sub-5 cent power which gives us a big advantage. Look for username wetsuit at https://slushpool.com/stats/hall-of-fame/ and you can see we have been adding more than 1.5 petahashes of miners every month. I have personally spent over $1.5 million in expanding the mining business and in no way do I need user investments to fund it, I plan to go ahead with expanding it regardless. The investment is just an option to increase user loyalty and also give newbies a chance to grow their faucet income passively.

I hate to break it to you, but there is no way to get a "safe" return of more than 4% a year.

Just a little something to prove that I don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

You mean say asking people don't gamble with the amount you received from faucets?

That is correct because firstly you receive a very small amount from each claim and site has a super high house edge then how you can make money from this hi-low game?. Even in a decent house edge site also can't make money with a small amount but with 5% house edge site no way you can win even with your own deposit as well.

You mean say asking people don't gamble with the amount you received from faucets?

That is correct because firstly you receive a very small amount from each claim and site has a super high house edge then how you can make money from this hi-low game?. Even in a decent house edge site also can't make money with a small amount but with 5% house edge site no way you can win even with your own deposit as well.

If you want to win every hour in freebitco.in don't be greedy because if you become greedy the amount you win will turn into nothing. I experienced it always due to I can't stop myself betting in any gambling site.

Are you sure you get $2-$3 per day by claiming the faucet only? Logically you can claim 24x per day and the minimum faucet amount is $0.02 = 24 * 0.02 = $0.48 unless you get the 2nd lowest reward $0.2 several times per day. Are you so lucky enough to get $0.2 several times per day?

Maybe he have lot of active referrals. Also it's possible that he is very lucky gambler. But it's impossible to earn $2-3 only by claiming from faucet each day.

Maybe he have lot of active referrals. Also it's possible that he is very lucky gambler. But it's impossible to earn $2-3 only by claiming from faucet each day.

MinerHQ, answers for you...

There are two different elements here (1) our methodology to drawing the winners and (2) the approach users take toward earning tickets.

(1) Our methodology for drawing the winners is fair, it's a random selection of the available tickets.

(2) The approach to earning tickets each week is impossible to police in a way that guarantees users aren't cheating to acquire tickets.

You can look at both of these elements together and conclude that to be 100% provably fair the system must also guarantee that users aren't cheating. Or you can look at these elements and realize what's realistically possible for us to control.

At this time we can only vouch for ourselves, our own honest approach to ticket selection. We can't vouch for every single user earning tickets.

Here's an example of how users can cheat (this scenario came up recently)...wait, if I do that I risk encouraging more cheating. I can't do that. But if you're concern is really significant, PM me and I'll share some of the details of the scenario.

Most importantly, and as a sign of our devotion to keeping the site as fair as possible - we'll offer a bounty to anyone that can arrive at a way to combat potential cheating, which would eliminate instances where tickets are being generated against our rules.

wetsuit has posted about this in the past, the offer remains open for someone to claim. We're always open to ways to improve the site!

@MinerHQ, other questions?