Topic: [Unofficial] Coinpot.co - new microwallet - page 13. (Read 100784 times)

I'm not sure how effective their fraud detection system was.

Why not selling the whole thing? Im sure there would be people that were interested and they could get a bit of money for it. I guess if you do it right you can make some money with it.

CoinPot and partner faucets are closing down!
Posted: 2021-01-15 08:00 UTC
We are sad to announce that CoinPot and our 7 partner faucets will be closing down over the next few months. This decision has been made with a heavy heart for the reasons that we have detailed below. As always we are fully committed to our loyal and fantastic users and we will ensure that you have enough time to make final faucet claims and withdraw any remaining balances. Further details about this and timelines are also set out below.

Which web sites does this affect?
CoinPot coinpot.com
Moon Bitcoin moonbit.co.in
Moon Dogecoin moondoge.co.in
Moon Litecoin moonliteco.in
Moon Dash moondash.co.in
Moon Cash moonbitcoin.cash
BitFun bitfun.co
Bonus Bitcoin bonusbitcoin.co
When will this happen?
These are the important dates that you need to be aware of...

31ST JANUARY 2021
At midnight on the 31st January 2021 the following will happen...

All 7 faucets will cease to operate. No further faucet claims will be possible after this time and each faucet will be replaced by a holding page advising of the closure.
The following functions of CoinPot will cease...
Registration (no new users will be able to register)

Lottery

Multiplier

Challenges

VIP Rewards

Mining

The following functions of CoinPot will continue to be available...
Sign In/Out

Conversion

Withdrawals

28TH FEBRUARY 2021
4 weeks later at midnight on the 28th February 2021 the following will happen...

The remaining functions of CoinPot will cease...
Sign In/Out

Conversion

Withdrawals

CoinPot will be replaced by a holding page advising of the closure.
All private user data, email addresses, security credentials etc will be removed from our servers for all 8 web sites
Why are we closing down?
The quick answer to this is that we no longer have the time or resources to maintain the faucets at the quality level you have become used to.

The longer answer...

The faucets and CoinPot have always really been run as a hobby, something we do for fun and learning outside our families and day jobs. We have always tried to earn enough from advertising revenue that we could pay for the servers and hosting costs and then pay out everything else to you as faucet claims and referral commission. This policy meant that our faucets gained a reputation as the highest paying faucets around and grew very quickly.

Added to this, the success of CoinPot with its games/mining/challenges/VIP etc meant that we were spending more and more of our spare time improving/fixing things. Unfortunately the biggest time drain has become fighting fraud and identifying cheaters. This is neccesary as otherwise our extremely small profit margins would be wiped out overnight!

During the last few years we have built an incrediby complex and successful fraud engine that analyses users claiming patterns and looks for fraud/bot usage. This grows constantly with new techniques to fight the bad guys! We are extremely proud of how this fraud fighting works - and it is this part of the CoinPot system that will live on in the future...

Starting from next month we are embarking on a major new project which we cannot reveal too much information about right now. It is within the crypto world but totally unrelated to faucets, and it will be built around the CoinPot fraud engine and all the knowledge we have accumulated from this over the years.

This means however that we just cannot justify the time we spend on CoinPot and the faucets any more. They will be closed down completely by the end of February as we have detailed above.

We will remain big believers in cryptocurrency and will continue to closely follow the faucet world. And we hope we can stay friends with everyone that we have met on this amazing journey since 2014!

Best of luck

The CoinPot team

Source: http://coinpot.co/news/coinpot-and-partner-faucets-are-closing-down

Why are you still using the multiplier.
I lost too many tokens here and gave up.
Now only faucets.

I have withdrawed 3 times without problem btw, and I do 30k multiplier rolls per day to get bonus tokens, (1 token bet, on win set to high, reset to starting stake, on lose set to low, reset to starting stake).

I can lose up to 600-700 tokens but you get 1300 tokens from the 2 challenges (multiplayer rolls per day and multiplayer tokens betted).

I am at 118k tokens atm after 40 days (I converted 20k satochis as well)

I like to think that the 'unsustainable' VIP rewards are paid out from a pot of crypto seized from all the scammers and cheaters who've been caught.

I will post the final result of my multiplier for today... I advance that since that faucet claim there fail rate is absurdly high now for me and I've lost aprox 1000 tokens with 10k rolls

I cannot belive yet... but...

JAN
13   
 Bonus Bitcoin
Faucet claim for 460 satoshi
0.00000460
btc



Copy-pasted directly, no need to screenshot if you read most of my posts about coinpot.co and its faucets... (most of my posts attack directly the unfair behavior of coinpot.co but when there happens sth good I will post here too)

1st of all, I never claimed about losing my money every day because I never deposited anything to coinpot.co wallets and I will never do it. I only advice people about the UNFAIR behavior of multiplier to be very very carefull when thinking about deposit crypto, and if people finally decide to deposit then people have to be very very carefull when converting crypto to tokens in order to get (unsustainable) VIP rewards or playing multiplier to get challenge starts for earning more tokens.

I have said a lot but I remember again:

- NEVER DEPOSIT.
- If finally you wanna deposit, then you have to know that converting crypto to tokens you are losing crypto because 99% times you will get worse conversion rate than converting tokens to crypto.
- VIP Rewards are completely unsustainable (do you know what happened to "Cred"?).
- Nobody who has been played coinpot.co multiplier during months can defend or uphold that multiplier is provably fair according to results obtained by absolutely most of the people who played it.

As I said a lot within this thread, I still using coinpot.co multiplier for testing purposes in order to advice people and I will warn people everytime as I can.

When something bad happens with coinpot.co, I try to post it and advice all people (and same when sth good happens like my previous post about bonusbitcoin.co faucet claim for 460 satoshi).

Scam accusation #56273257 against Coinpot.

a simple question for you...
why do you continue to use coinpot multiplier every day if (as you claim) you lose money every day?
why would someone throw away money every day on something they 100% believe is a scam?

The same happened to me last week: 4377 satoshies. And at the end of the day +219 satoshies (5% daily bonus) 

Scam accusation #56273257 against Coinpot.

About coinpot multiplier it's actually rigged no matter what it says about the house having no advantage. I had a look under the hood it's set up in such a way that you make some tokens during first couple of rolls once the roll count gets higher they actually break the streak chain with artificial errors. Tested it on multiple accounts to make sure it wasn't just based on the account or something. Hope this was informative for you guys and be safe from these scams may the force be with you.