How do you manage to make sure that there are people who pay for lottery tickets and there are ones who do not spend anything but get it for free, and you guys break even somehow? Is there a calculation that I can't see or understand?
It looks like free ones should be a lot more and you guys should be in big red from the lottery (not from each but combined all of them small by small should be a lot of loss total for the past 5+ years) because there are so many people who get the tickets for free either from free faucet part, or the gambling wagering gift part and yet somehow you still manage to give a decent chunk. Does this mean, every single satoshi "won" by the lottery winners was paid by the people who have bought their tickets instead of earned them or got gifted them?
Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 889. (Read 566359 times)
October 29, 2020, 03:20:51 PM
October 29, 2020, 11:32:19 AM
Today's Projected Jackpot is USD 2578.
Wager on the Multiply BTC game / Bet on your favorite events and grab the #1 spot to win the Daily Progressive Jackpot.
Congratulations to User Id 15324044 for winning USD 3758 yesterday.
Wager on the Multiply BTC game / Bet on your favorite events and grab the #1 spot to win the Daily Progressive Jackpot.
Congratulations to User Id 15324044 for winning USD 3758 yesterday.
October 29, 2020, 08:46:54 AM
If memory serves me correctly, freebitco.in has it's own pool, or miners, or something along those lines?? Perhaps they should be processing their own transactions if/when they find a block. Might come in useful at times such as these.
Another mempool monitor can be found here: https://mempool.space/
Another mempool monitor can be found here: https://mempool.space/
Quote from: freebitco.in
our bitcoin mining operation (which is currently 9.065Petahashes or 0.007% of the total hashpower of the bitcoin network).
They say they got 9 petahashes but it is probably outdated information.
Right now slow withdrawals take 9k sats, and instant withdrawals are 38k sats which is not cheap. If I am not mistaken it was a few hundred sats for slow withdrawals few days ago.
October 29, 2020, 06:50:43 AM
Just a few more days for some of my small bets on Bitcoin price to expire, so I was kind of "happy" to see that Bitcoin tumbled back down below $13k for a while. Please just keep some of these days more until Monday before you rise again, BTC! So I can at least win something back and smile to myself, even though I made a huge bust a couple of weeks ago and only winning the GT content can solve my worries:P
October 29, 2020, 06:49:02 AM
whether freebitoco.in withdrawals currently in trouble?
The Bitcoin mempool is currently in trouble.
Source https://jochen-hoenicke.de/queue/#0,4d
If memory serves me correctly, freebitco.in has it's own pool, or miners, or something along those lines?? Perhaps they should be processing their own transactions if/when they find a block. Might come in useful at times such as these.
Another mempool monitor can be found here: https://mempool.space/
October 29, 2020, 03:27:55 AM
We try and keep the balance to make the lottery breakeven for us so we can adjust it occasionally if needed.
That's was good.At least the prize can more than 7,500$ for Weekly Lottery and up to 0.5 BTC for Daily Jackpot giving more bonus for the player, as long the prize not below that prize everything would be good.
October 28, 2020, 09:10:42 PM
whether freebitoco.in withdrawals currently in trouble?
The Bitcoin mempool is currently in trouble.
Source https://jochen-hoenicke.de/queue/#0,4d
No, the amount of prize pool isn't fixed. It depends on total number of tickets.
That is correct, the number of lottery tickets determines the prize pool.
Every week, 1/4 of value of total tickets is awarded to winners.
That isn't quite the case. There is a different amount added to the prize pool for free tickets and paid for tickets. We try and keep the balance to make the lottery breakeven for us so we can adjust it occasionally if needed.
October 28, 2020, 07:16:20 PM
whether freebitoco.in withdrawals currently in trouble?
last month there was no problem with withdrawing freebitco.in
but yesterday withdrawal of freebitco.in was problematic, I have made withdrawals and notifications in email the withdraw success, but I checked the link trx error (https://www.blockchain.com/en/btc/tx/013dc49cf90068a632eb9ce34c56dd6ca3d730d297f18a2833dc56ecc4b4112b.), and I did not receive withdrawals
last month there was no problem with withdrawing freebitco.in
but yesterday withdrawal of freebitco.in was problematic, I have made withdrawals and notifications in email the withdraw success, but I checked the link trx error (https://www.blockchain.com/en/btc/tx/013dc49cf90068a632eb9ce34c56dd6ca3d730d297f18a2833dc56ecc4b4112b.), and I did not receive withdrawals
October 28, 2020, 04:49:45 PM
All this time I thought the prizepool was fixed as what being announced by freebitco.in PR just like here
What announced by freebitco.in PR doesn't seem to be correct. I calculated the value of prizes in the last three rounds.
Round 280 (October 11)
BTC price: 11,400 dollar
Total pool: 0.777 BTC = 8858 dollar
First winner prize: 0.388 BTC = 4,423 dollar
Round 281 (October 18)
BTC price at Sep 27: 11,400 dollar
Total pool: 0.848 BTC = 9667 dollar
First winner prize: 0.424 BTC = 4,834 dollar
Round 282 (October 25)
BTC price: 13,000 dollar
Total pool: 0.632 BTC = 8216 dollar
First winner prize: 0.316 BTC = 4,108 dollar
October 28, 2020, 04:19:50 PM
Yes is a winning streak.
Wow! That's really out of leauge for this user, he/she really dominated the game of chance.No, the amount of prize pool isn't fixed. It depends on total number of tickets.
Every week, 1/4 of value of total tickets is awarded to winners.
All this time I thought the prizepool was fixed as what being announced by freebitco.in PR just like here Every week, 1/4 of value of total tickets is awarded to winners.
https://bitcointalksearch.org/topic/m.55363751
https://bitcointalksearch.org/topic/m.55317224
https://bitcointalksearch.org/topic/m.55276184
October 28, 2020, 03:25:16 PM
I saw that the lottery winning amount keeps changing every week. Is it progressive like the daily jackpot or is a btc price dependent prize pot?
It keeps on changing every week because every week as well winners will be announced. I think lottery has always to depend on BTC price on its prizepot and it's always $7500 (can't remember clearly if it has changed).Every week, 1/4 of value of total tickets is awarded to winners.
Below are value of prizes awarded to winners.
First winner: 1/8 of value of total tickets.
Second winner: 1/16 of value of total tickets.
Third winner: 1/32 of value of total tickets.
...
...
...
October 28, 2020, 12:39:38 PM
The bitcoin mempool is CRAZY right now. Sent out a transaction via my freebitco.in wallet, feels like it may pend till next week if not longer given it only was sent with a fee at ~54 sat/B. Is there any way I could pay freebitco.in to do replace-by-fee (RBF) or some other acceleration method? I'm not the recipient, so I can't do child-pays-for-parent (CPFP).
Anything? Thanks.
Anything? Thanks.
We found out what the problem was. We use the average of 3 different fee estimators and one of them (btc.com) has got stuck and not updated for 2 days which meant the average was too low. The good thing about that is that the fees btc.com are charging on their transaction accelerator are also low right now so we got most of the stuck transactions through.
Thanks, TheQuin! My transaction from about 31 hours ago got confirmed sometime recently. I also appreciate the links you shared and you taking the time to explain the situation. Cheers!
Freebitcoin could make it as cheap as it could get to save money for themselves if they want to on my transaction because it could take 72 hours and I still wouldn't realize it, obviously there is some needed so that it would be picked so you can't make it free but I am down with however low they would go. However lets be honest, these guys have been one of the cheapest when it comes to withdrawal fee's, while other places took as much as 10 bucks, they did it for free for a long period of time if you were willing to wait and it was still quite cheap even when you wanted instantly, so we could give a break over some congesting in the blocks.
October 28, 2020, 10:26:09 AM
By the way was this a bug? I get a glance in it when I head for the lottery tab then click the WINNERS link (I think it's all the same wherever tab I go) just below the daily jackpot using my mobile and I find it odd that the winner was only the same UID is this a win streak of him? I tried refreshing it, put it on desktop mode and some troubleshooting and still got the same issue. Maybe it's just on my end or others got the same? Please do check the image below.
Yes is a winning streak.Can also confirm the winners by seeing a post from @freebitco.in PR, "Daily Jackpot" winners based the most player who wagering on the platform not by tickets same user winners can always be happen.
This user could be a whale andwagering a lot of money almost straight every 24-hour race to chase the jackpot.
October 28, 2020, 09:14:07 AM
I saw that the lottery winning amount keeps changing every week. Is it progressive like the daily jackpot or is a btc price dependent prize pot?
It keeps on changing every week because every week as well winners will be announced. I think lottery has always to depend on BTC price on its prizepot and it's always $7500 (can't remember clearly if it has changed).By the way was this a bug? I get a glance in it when I head for the lottery tab then click the WINNERS link (I think it's all the same wherever tab I go) just below the daily jackpot using my mobile and I find it odd that the winner was only the same UID is this a win streak of him? I tried refreshing it, put it on desktop mode and some troubleshooting and still got the same issue. Maybe it's just on my end or others got the same? Please do check the image below.
October 28, 2020, 08:02:00 AM
Bring your best game forward in the next 4 hours to claim top rank and win today's Daily Progressive Jackpot.
Congratulations to User Id 15324044 for winning USD 2332 yesterday.
Congratulations to User Id 15324044 for winning USD 2332 yesterday.
October 28, 2020, 07:46:49 AM
I saw that the lottery winning amount keeps changing every week. Is it progressive like the daily jackpot or is a btc price dependent prize pot?
October 28, 2020, 04:01:21 AM
Win a Lambo Round 4 Has Begun!
Within hours, over 100,000 tickets have already been distributed. The contest ends in the last week of April, so you have time to start stocking up on Golden Tickets.
Within hours, over 100,000 tickets have already been distributed. The contest ends in the last week of April, so you have time to start stocking up on Golden Tickets.
October 28, 2020, 03:40:07 AM
The bitcoin mempool is CRAZY right now. Sent out a transaction via my freebitco.in wallet, feels like it may pend till next week if not longer given it only was sent with a fee at ~54 sat/B. Is there any way I could pay freebitco.in to do replace-by-fee (RBF) or some other acceleration method? I'm not the recipient, so I can't do child-pays-for-parent (CPFP).
Anything? Thanks.
Anything? Thanks.
We found out what the problem was. We use the average of 3 different fee estimators and one of them (btc.com) has got stuck and not updated for 2 days which meant the average was too low. The good thing about that is that the fees btc.com are charging on their transaction accelerator are also low right now so we got most of the stuck transactions through.
Thanks, TheQuin! My transaction from about 31 hours ago got confirmed sometime recently. I also appreciate the links you shared and you taking the time to explain the situation. Cheers!
October 28, 2020, 01:30:16 AM
The bitcoin mempool is CRAZY right now. Sent out a transaction via my freebitco.in wallet, feels like it may pend till next week if not longer given it only was sent with a fee at ~54 sat/B. Is there any way I could pay freebitco.in to do replace-by-fee (RBF) or some other acceleration method? I'm not the recipient, so I can't do child-pays-for-parent (CPFP).
Anything? Thanks.
Anything? Thanks.
We found out what the problem was. We use the average of 3 different fee estimators and one of them (btc.com) has got stuck and not updated for 2 days which meant the average was too low. The good thing about that is that the fees btc.com are charging on their transaction accelerator are also low right now so we got most of the stuck transactions through.
October 28, 2020, 01:19:15 AM
Congrats to Lambo winner. Maybe this time winner finally will take Lambo instead of Bitcoins 
. I wasn't lucky again unfortunately :/. 1626 is quite impressive number of tickets. Interesting how many tickets winner of previous rounds had, seems it's not possible to check it on website.
. I wasn't lucky again unfortunately :/. 1626 is quite impressive number of tickets. Interesting how many tickets winner of previous rounds had, seems it's not possible to check it on website.The previous lambo winner had over 200,000 tickets if I remember correctly. He was one of the biggest whales in the casino.
. Dude gambled so much that getting that bitcoin back wasn't even enough or maybe just enough to break even, winning a lambo is obviously a luck related thing and not about how much money you spend, but this dude also has 1626 tickets as well.If we were to assume that dude won it by buying every single ticket he had, it would be 0.4 bitcoins and I think 0.4 to 15 is a lot of big increase but also lets remember this dude would have spent 0.4 for something that would have one in a million chance so he totally deserved it.
There is also a big chance he gambled and earned some of it as well, which would mean he either lost more or he might have even made a profit thanks to some lucky streak as well, so we can't know his gambling results.
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