Topic: [Unofficial] Coinpot.co - new microwallet - page 34. (Read 100784 times)

If I cant log in for few days or weeks cos getting no mails from coinpot anymore, then I open a new account. Dont know if I was banned, just no login possible at 3 of my former accounts. And I dont have any problem with coinpot cos i make profit. This is whats all about with faucets.

exactly, well said 
like many others in this thread laughing about how they block ads, run many multiplier tabs, try to cheat/game the challenges system - you can't really then come crying when your account is blocked

i don't make anyone out to be infallible

and i don't blindly trust - i (and many others like me) have used coinpot for a long while without having to use multiple accounts, not running multiple multiplier tabs, not ad-blocking, nor trying to cheat or game their system. i feel safe that my account will not be blocked.
as i've said several times before on this thread...coinpot makes their money from advertising. so from their point of view more ad impressions/clicks = more revenue. so it is not in their business interest to ban genuine honest users
i'm not saying it has never happened, but i cannot see any reason why they would do it unfairly/maliciously
they offer customer support - i have replies twice from them in the past from email enquiries - but in that news post it clearly says that they wont enter into discussions with cheaters/fraudulent users

But you are part of the problem as well. You even admit to it in your reply: "I lost 3 of my accounts...". Multiple accounts are against CP rules - this is clearly stated in their terms, yet you say you don't know why it happened to you. Just think about it for a second.

Most people don't just blindly trust a website to always be perfect and never make mistakes. If billion dollar companies like Microsoft, Netflix, and Google have no foolproof way of accurately detecting fraud 100% of the time then I seriously doubt a faucet with a less than stellar reputation is as infallible as you make them out to be.

False positives are normal and should be expected when relying on automated fraud detection systems. Unfortunately, there is no transparency whatsoever and we have no way of knowing whether people are being unfairly punished, specifically being targeted, or if they are actual cheaters. Unlike any other website with significant presence in crypto they don't offer customer support and they stay away from public forums and social media.

this news post is over 2 years ago, but is probably still relevant to anyone who acts surprised when their coinpot account gets blocked...

https://coinpot.co/news/update-about-increased-fraud-cheating

So you learned something, right? Never hold higher balances at sites with no forum, no support, dont know who runs the site not even from which country, dont know if the site is offline forever tomorrow. Accumulate higher balances at your own wallet with own private key.
I use this faucets for years too but I did hundreds of cashouts (coins with low network fees never stupid btc). I lost 3 of my accounts so far (dont know why) but only 1-2 Dollars gone with them. I hope you did not quit with coinpot- open new account and take a few bucks from them - they deserve it.

This site is a scam.

It does not scam everyone, and not all the time (for all the ppl that will probably answer that they used it with no problems).
I used it for years, and did a pair of small withdrawals to test it, and everything was fine.
Why did I accumulate coins to a big amount?. Because I wanted to withdraw them to some sites that have a minimum depo amount.
So what happened when I tried to make a big w/d? It was deducted from my balance , but was never sent.
Searching in transactions it shows it has been cancelled, and the reason is that the account is terminated.
I contacted them to the email they provide, but with no answer, and you can read several comments here that they NEVER answer the support mail.
If you read the Terms of service, the problem is that they can terminate any account with or without reason and with no liability for it. It is not necessary to do some kind of abuse, its just a decision they made.
Maybe trying to withdraw coins collected when BTC was at $4000 and now its at $12000 is a good reason for termination, they have to pay you at today´s price so its not a good deal (for them).
So it is not a "microwallet service" cause you never owned the balances that are shown., it is not your wallet at all.
AND the most important proof it is a scam is the way "account termination" works.
Thre is NO place in the webpage or dashboard that shows your account is terminated. You can use all the faucet websites, and everything appears to work normally. Your balances increases, you can multiply tokens, you can increase your rank, you even get daily token rewards.
Everything looks fine, so even if your account was terminated 1 year ago you continue to use the site and the faucets. You only discover the account is terminated when trying to withdraw.
This is a scam, a "terminated" account can do everything, cant see the terminated status anywhere, does not even get a warning email or anything, because that way, they keep getting your clicks and your visits to the webpages, that brings more money to them.
If you use faucets a lot, you already know how this scam works. There are thousands of pages out there that worked for some time, but then stoped paying, but the page keeps working like it formerly did. And they keep getting clicks and visits for years, even though they stopped paying.

Thanks, looks like the page has been revamped. Previously there were only some promotional materials and nothing else.

I can give you my stats that I collected for last few weeks starting end of may. I rolled 100000 each with one token stake, no autorolls, for 58 days, the tokens I won by challenges are not included:

-1100,0,200,-500,-450,0,-900,-200,-500,-250,0,-1300,-200,-600,-200,-100,-600,-250,-1100,-200,0,-800,-700,-300,-800,0,-800,-300,200,-500,-700,-200,100,-500,-400,-500,-500,-500,-1400,-1000,300,-700,-600,-500,0,-200,-500,-900,-800,-400,-350,-150,-200,-600,-400,-500,-400,-200

negative results: 48, +-0: 6, positive: 4. Average -430 tokens per day, thats ca. -2.50 $ in 58 days. But of course I won a lot more tokens through challenge stars so thats ok. But house edge = 0 is not true of course. In my stats it is ca. 0.4% and its fairly constant over this period.

A reasonable amount now, although I lost a load when CP was hacked recently. Gradually building them back up though. You can check the number of referrals you have by visiting each faucet. Would be nice to have a total figure on CP though, together with total interest accrued as well.

Don't waste your breath here, noone will believe you and they'll just say it's "tedious for everyone to see your whining on here".
I've been experiencing the same problem for weeks now, I went as high as a 80 % loss ratio. You can read it starting here: https://bitcointalksearch.org/topic/m.55024298
But no, you juste have to believe it's "bad luck".

--- EDIT ---
82 % loss ratio this morning (89 losses for 109 rolls).
Just bad luck.

Hello to everyone.
I had been using Coinpot multiplier successfully for more than a year, starting with 300 tokens and playing for 30,000 rolls daily, one token per roll. Some days, I won a little more, others a little less but things seemed steady. During June, I kept a log with my daily results to see if the so called 0% house edge is true.

Over 30 days and a little more than 900,000 rolls I recorded a result of 49.8% win - 50.2 % loss, so quite close to the advertised 0% house edge. There is no way to keep screenshots or logs of the rolls, so I just wrote the results down in a text file. You can choose to believe me or not, that's up to you but I have no reason to lie.

However, during the past week or so, something has changed. The multiplier roll have been devastatingly in favor of the house. The first day it happened, I hadn't even made 4000 rolls when I was out of tokens. Thinking that I had made a mistake somewhere, I collected more tokens and tried again the next day. Same results. Changing roll frequency had no positive effect. Yesterday I started with 300 tokens and only played 1000 rolls to get to the first star. When it was all over, I ended up with 240 tokens, even less than what I started with. With my poor math skills I calculate this as 300 starting tokens + 100 tokens from star= 400-240=160 tokens less than if the chances were 50%  so 340 wins / 660 losses in 1000 rolls.
34% looks quite lower than 50% to me. I also tried with more tokens (about 1000) to begin with but the best I managed to get was a 40%-60% distribution in favor of Coinpot.

Evidently, there must be something wrong with the multiplier algorithm or they have just changed the odds silently. I am not complaining as I have made a few dollars over the year but this forces me to stop playing. Once again, I have no tangible proof for this but I see there are others with the same problems as me, so that's why I decided to register and post this.

How I wished they have a dashboard for that. Have any idea how many you've accrued?

It’s been at 0.005 LTC for a few weeks now. It use to be 0.002 LTC but was changed to 0.005 LTC for some reason. DOGE was also changed on the same day. Before it use to be 100 DOGE, but it was lowered to just 50 DOGE.

have minimum withdrawal amount changed
trying to withdraw 0.003 ltc but it says minimum amount as 0.005 ltc

I've tried 3 seconds having immense losses, doesn't feel like 50% chance to me. Now that I've set it to 5 seconds, it is somewhat 50%. I'll muck around some more.

I don't have that many referrals but I'm still getting the usual ~5 referral claims I usually get per day.

Anyone else seen a big fall in their CP referral claims today?

I will try that. I only want 100.000 rolls a day for the challenges and the tokens you will receive from it. I will set it to 5 sec. Not sure if i need to decrease the number of tabs (25) I have open to roll.