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Topic: [Unofficial] Coinpot.co - new microwallet - page 51. (Read 100856 times)

full member
Activity: 158
Merit: 100
All working fine for me. Just waiting for the original moon faucets to come back.
newbie
Activity: 102
Merit: 0
Playing multiplier but almost lost everything, not a fair game...
newbie
Activity: 282
Merit: 0
After the four taps were re-enabled, the bonuses given by coinpot are gone.

You talk about the loyality bonusses? I still get them on MoonCash and MoonDash.
newbie
Activity: 12
Merit: 0
After the four taps were re-enabled, the bonuses given by coinpot are gone. I have completed the one-day reward task, but they have not given me. Now I am a little afraid that it will not have coinpot rewards in this month It is not the first time to know if the remaining three moon faucets have been repaired and whether the rewards of the coinpot mission bonus will be restored.
newbie
Activity: 20
Merit: 0
Now my withdrawal is cancelled and the BTC is never returned to my account. 2nd time in 2 weeks withdrawal and BTC gone missing, something dodgy going on.
legendary
Activity: 3262
Merit: 1376
Slava Ukraini!
This legend of the "one man show" may not be correct. The message refers to "we" and also years pass and things evolve, maybe he let other people iinto the project.
It's not a legend. Using "we" doesn't anything - most services use it even if it's just man behind them, it's just look more solid. Maybe something has changed and he hired some more people, but considering how things are done on Coinpot, I doubt about it.
newbie
Activity: 282
Merit: 0
Or you can just withdraw using a more modern currency. Bitcoin is antiquated and clunky. You got way better alternatives, namely every other currency Coinpot has on offer, especially DASH or DOGE.

Have you ever calculated how much you loose when you exchange the currencys on coinpot?
full member
Activity: 158
Merit: 100
Whoever decided on each block being a whole snail-like 10 minutes together with the 1MB limit for Bitcoin Core transactions was stupid. If it's up to a say 90MB backlog now and we know that something like 0.000001% of the financial world uses it, imagine if 1% of the financial world use it, or even more. We would be paying $10,000+ per transaction. How does that make Bitcoin Core even a usable currency for world decentralized commerce, which Satoshi himself envisioned in his white paper.

Hence why I think BTC is going down and other established cryptocurrencies are going to rise. If you establish a cryptocurrency aimed for the whole world to use, you want a block to be 1 micro second tops with an unlimited scalability.
full member
Activity: 158
Merit: 100
Or you can just withdraw using a more modern currency. Bitcoin is antiquated and clunky. You got way better alternatives, namely every other currency Coinpot has on offer, especially DASH or DOGE.
full member
Activity: 338
Merit: 104
lol, it would cost more to send out the transactions than they are worth  Grin

Fair enough but there is also no point in sending a 2 sat/byte transaction when there is 70Mb ahead of it in the queue and then telling your customers that the withdrawal is "Completed". That just causes masses of unnecessary support work for the sites receiving those transactions.

the problem is that because of the severely restricted block size on the bitcoin blockchain there just isn't enough space in the blocks for all the transactions at busy times like last week
if coinpot decided to pay hundreds of dollars to push their transaction to the front of the queue then it just means other lower fee transactions will suffer - ultimately causing someone else the "unneccesary" support work that you mentioned.

i think coinpot rightly stood their ground and say...hey our transactions are obviously not highest priority so we will broadcast them onto the blockchain so there is proof the withdrawal is completed and wait until the backlog clears for them to be confirmed on the blockchain
this is what happened within hours of my post - and i received my pending withdrawal along with everyone else - no big drama  Grin

this also means they avoid overpaying fees which would only end up being passed on to the user. so they can afford to keep their blockchain withdrawals fee-free (to me the user!).

tbh i might consider converting in the future and only doing my withdrawals with bch or dash as those coins dont suffer these kind of backlogs  Wink

I am fully aware of supply and demand on the blockchain. My point is that sending out transactions at 2 sat/byte when there is 90Mb of data ahead of them in the queue is pointless. Then telling customers that their withdrawal is "Completed" is misleading and causes many of them to then raise a support ticket at the receiving site.

They should simply tell their customers the truth. That is that they are unwilling to pay the current fees and their withdrawals will be delayed until the mempool clears out and then offer the option for the customer to pay the fee for a quick withdrawal.


ok, i think we need to agree to disagree on this Smiley
coinpot is primarily a microwallet so its emphasis is on batching together small faucet payouts and enabling the user to withdraw them in bulk without incurring fees that are greater than the faucet claim itself!
you are involved with freebitcoin which is now primarily gambling based (with a faucet) and has a different emphasis/philosophy - thats fine, im a big fan of both sites Smiley

all i will add is that if you are fully aware of how the blockchain fee stuff works, then will also know that its impossible for a sender to predict what is going to happen after they submit their transaction to the blockchain.
sometimes they can pay their usual small fee, and then a big backlog builds up and their transaction gets stuck until it clears.
sometimes they can pay a large fee to try to "jump the queue" - this might work but can often lead to either...
- them massively overpaying (as the backlog clears soon after)
- it still getting stuck as others "jump the queue" ahead by paying even higher fees!

none of this is possible to predict accurately and is therefore probably a bit too much to ask coinpot users to make this fee decision when they request their withdrawal - which can be up to 48 hours (as per coinpots policy) before the transaction is even batched up and submitted to the blockchain!

so i don't agree that it is pointless to submit a transaction with a small fee. the benefit is that they can give the user a transaction id so that they can track it on the blockchain and proves that they have committed to the withdrawal.
much like amazon might give you a tracking number for a delivery that will take several days. or like if someone paid you by bankers cheque - its just a promise that you receive it at a later date/time.
im sure coinpot also get many user deposits with small fees that end up in the backlog, and ending up raising support tickets from confused users  - its just part and parcel of being involved in the crypto business Smiley

newbie
Activity: 282
Merit: 0


By the way, zeroed bonuses for mooncash and moondash, again, oh yeah.



No, i rescued the bonusses for MoonCash and MoonDash. But i a fear for the rest
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
lol, it would cost more to send out the transactions than they are worth  Grin

Fair enough but there is also no point in sending a 2 sat/byte transaction when there is 70Mb ahead of it in the queue and then telling your customers that the withdrawal is "Completed". That just causes masses of unnecessary support work for the sites receiving those transactions.

the problem is that because of the severely restricted block size on the bitcoin blockchain there just isn't enough space in the blocks for all the transactions at busy times like last week
if coinpot decided to pay hundreds of dollars to push their transaction to the front of the queue then it just means other lower fee transactions will suffer - ultimately causing someone else the "unneccesary" support work that you mentioned.

i think coinpot rightly stood their ground and say...hey our transactions are obviously not highest priority so we will broadcast them onto the blockchain so there is proof the withdrawal is completed and wait until the backlog clears for them to be confirmed on the blockchain
this is what happened within hours of my post - and i received my pending withdrawal along with everyone else - no big drama  Grin

this also means they avoid overpaying fees which would only end up being passed on to the user. so they can afford to keep their blockchain withdrawals fee-free (to me the user!).

tbh i might consider converting in the future and only doing my withdrawals with bch or dash as those coins dont suffer these kind of backlogs  Wink

I am fully aware of supply and demand on the blockchain. My point is that sending out transactions at 2 sat/byte when there is 90Mb of data ahead of them in the queue is pointless. Then telling customers that their withdrawal is "Completed" is misleading and causes many of them to then raise a support ticket at the receiving site.

They should simply tell their customers the truth. That is that they are unwilling to pay the current fees and their withdrawals will be delayed until the mempool clears out and then offer the option for the customer to pay the fee for a quick withdrawal.

sr. member
Activity: 841
Merit: 267
Chad Hodler since 2013
And it took more than 24 hours for Coinpot admin to post this message. What a communication! I know that just one man runs this service, but is it so difficult to communicate a bit better?
And I predict that after update, old Moon faucets will look same like Moon Dash and Moon Bitcoin Cash. I doubt that new features will be added.

This legend of the "one man show" may not be correct. The message refers to "we" and also years pass and things evolve, maybe he let other people iinto the project.

By the way, zeroed bonuses for mooncash and moondash, again, oh yeah.

By the way (2) this is the usual message for the email confirmation:

Quote
IMPORTANT
As a new security measure we require that all CoinPot sign in attempts are made from authorised IP addresses. We have sent an authorisation request email to [email protected] - please click on the link in this email to confirm that sign in from you current IP address 123.456.789.123 is allowed.
(You will only need to do this once for each IP address)

The link in the mail expires in 60 minutes so if it doesn't arrive in that time, you must try tologin again.
newbie
Activity: 102
Merit: 0
And it took more than 24 hours for Coinpot admin to post this message. What a communication! I know that just one man runs this service, but is it so difficult to communicate a bit better?
And I predict that after update, old Moon faucets will look same like Moon Dash and Moon Bitcoin Cash. I doubt that new features will be added.

I believe he is autistic person, that's why he will never communicate with the world...
BTW his server and websites are under Windows Server and IIS.
legendary
Activity: 3262
Merit: 1376
Slava Ukraini!
And it took more than 24 hours for Coinpot admin to post this message. What a communication! I know that just one man runs this service, but is it so difficult to communicate a bit better?
And I predict that after update, old Moon faucets will look same like Moon Dash and Moon Bitcoin Cash. I doubt that new features will be added.
newbie
Activity: 50
Merit: 0
I'm able to redeem from Moondash and Moonbitcoin.cash at least.
newbie
Activity: 62
Merit: 0

Or have fun playing the Multiplier or Lottery at CoinPot


Super idea, but of course no conformation mail to log in.
Could anybody log in to coinpot today?


I'm always logged in, but I did log out and log back in without issue.

Coinpot did log me out last month but I received a conformation email about an hour later and logged in without any problems.
jr. member
Activity: 118
Merit: 1

Or have fun playing the Multiplier or Lottery at CoinPot


Super idea, but of course no conformation mail to log in.
Could anybody log in to coinpot today?
newbie
Activity: 20
Merit: 0
Say bye bye to the 100% daily bonus then, bummer.
jr. member
Activity: 111
Merit: 2
The 3 original Moon faucets (Bitcoin, Dogecoin and Litecoin) are over 5 years old now and we have decided to take this opportunity to rebuild and relaunch them all in the next few days.
Please bear with us during this upgrade!

In the meantime feel free to claim from some of our other faucets that remain online...

Bonus Bitcoin
Moon Dash
Moon Cash
Bit Fun (returning soon!)
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