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Topic: Why we are not having more sites like freebitco.in[unique cases of freebitco.in] (Read 612 times)

jr. member
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Socially.top
Exactly what you were looking for ?
Sites Similar to Freebitco.in

https://freshnews.top/2024/09/04/freebitco-in-similar-sites/
legendary
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Undeads.com - P2E Runner Game
Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

There is no need to put freebitco.in as an example for those site owners as a guide or reference in their business. There is a big difference in ideas and features on each site.

Freebitco has its own feature that is fit to the site and if we put those on other sites, the thing might not work effectively.

Let other sites create their own ideas. There are other sites as well who have their interesting features too which you might not just notice.
full member
Activity: 1638
Merit: 122
actually most gambling sites started having a casino game or a sport betting game and then they have a faucet function on the side aside from other freebies like rains , tipping service , affliate , etc  . so im sayin that freebit isnt the only one that have a greatest idea ever invented on a gambling site  .  eventually gambling sites came up with more feature or ideas like putting casino and sports betting at once or on a single website  but no doubt that freebit wins when it comes to age  compare to newly release gambling site and faucets nowadays 
sr. member
Activity: 2030
Merit: 323
Well, while some casinos offer you nothing even if you lose all your money, there are some platforms out there that let you at least have a little fun with free faucet claims. Using the earnings to entertain your customers even more is a smart tactic to make your customers deposit even more.
Yes, this could be the reason why freebitco.in is surviving for years along with their unique features. They allow us to claim faucets even our balance is not yet emptied. It means you may keep on playing with them even with additional money to keep going if you are profitably gambling which is not at all possible with most other crypto casino. When you are supporting your gamblers with unique ideas then obviously they will keep depositing which could be leading to huge success after years.

I don't think Satoshi is/was behind any of the existing platforms.. it just doesn't look to me like Satoshi had much of a financial interest when he created cryptocurrencies. He launched BTC and just let it grow like a little child. Smiley
But, looking out the site's statistics, anyone will doubt about Satoshi's contribution on such business. Because, with still running faucet feature of this site makes why they are doing that unless otherwise it is not about spreading bitcoin awareness to new people but also for attracting gamblers.
legendary
Activity: 1918
Merit: 1728

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.



FreeBitcoin succeeded for the obvious reason - first mover advantage. Except that, there is nothing extra-ordinary with FreeBitcoin. It was started merely as a faucet.

1. It is wrong to assume that they didn't do advertisement. Earlier FreeBitcoin had an option of banner advertisement charging fixed rate ($0.10 I guess for thousand views on banner).

2. There are many gambling sites which pay their users even when users are able to reach minimum withdrawal threshold with faucet winnings without depositing anything.

3. Well, that's drawback, not benefit.

4. Affiliate Program used to be great attraction on FreeBitcoin in its early days, especially due to the option of referral commission back. People were paying 80-90% back to their referrals. That was one of the major reason for the success of FreeBitcoin during 2013-16. But not now isn't very relevant.

5. Yeah! That's something unique. But it was introduced only after FreeBitcoin became big name in industry and had huge bankroll.

Quote
Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

You will get very less traction if you follow the concept of FreeBitcoin in 2020. Now people are striving for whole new level of gambling experience like nice UI, multiplayer games, offers, bonuses, etc etc. Following and studying FreeBitcoin won't help.
hero member
Activity: 2996
Merit: 609
Because not every site can afford for it, especially the recent one, even if they are allowing too many offers for their players it will get the less traffic compared to old ones so they are going to lose their capital in the process of building their reputation but its not a smart move from business perspective. Smiley And also don't forget how much price of bitcoin increased in these years which itself given them huge profits so they are making use of it.
Indeed, those who start at first and able to survive till now have enough fund to use as the value of profits that they've got from this market is really huge. Nowadays those new sites who plans to create their own versions of such business needs to have decent capital, its not just the traffic but the trust coming from target participants and viewers so they can keep coming back if they've seen honest owners that pays.

I agree to this one and we know that each business would really be a gamble since we dont know on what would be the outcome.In the case of
freebitco they have been one of the first bitcoin faucet sites and as bitcoin or crypto do gain attraction then this place had been always the common
visited since we know that on how faucet sites are being used on early days where crypto is just building up.

It did really paid off into their part and later on they added up something which would build up more trust and popularity.
legendary
Activity: 1134
Merit: 1598
I guess the first crypto platforms were some of the most unique ideas on the Internet era. It's quite hard right now to come up with something unique that could attract a lot of people. Freebitco.in was one of the first BTC websites I have ever used and they honestly deserve their success because it's one of the reasons I'm still on Bitcoin today. The gambling semi-addiction made me push my interest more towards BTC so even today it's my favorite subject and asset.

We all know that casinos earn a ton of money by doing nothing other than letting people come in and play their chances. Well, while some casinos offer you nothing even if you lose all your money, there are some platforms out there that let you at least have a little fun with free faucet claims. Using the earnings to entertain your customers even more is a smart tactic to make your customers deposit even more.

I don't think Satoshi is/was behind any of the existing platforms.. it just doesn't look to me like Satoshi had much of a financial interest when he created cryptocurrencies. He launched BTC and just let it grow like a little child. Smiley
legendary
Activity: 3234
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Vave.com - Crypto Casino
When the price of bitcoin was low in the market, there were more such services found around paying in terms of bitcoin. As the price of bitcoin peaked high automatically such services got stopped. After a long these days the gambling websites provide with little faucet earnings when the entire wallet gets emptied. In the past there will be high traffic, and now the time spend wasn't that benefitting. This too a reason there is not much of sites like freebitco.in
legendary
Activity: 2884
Merit: 1117
Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
Probably you have answered yourself. By considering the times of freebitco.in was launched and how they are doing till date, I also doubt wetsuit(the owner of freebitco.in) must be an early bitcoin miner and wants to spread awareness on bitcoin adoption. I mean this site does not need to be exactly from Mr. Satoshi but from others also but there could be some similarity between them, getting my point?

Lots of other rewards like daily interests for the balances and redeemable reward points.
Other houses are doing chat rains/email bonuses and many other sharing with their frequent players. Still, I need to agree freebitco.in is constantly doing such other rewards to each and everyone player (and even to just visitors).
sr. member
Activity: 1078
Merit: 256
Because not every site can afford for it, especially the recent one, even if they are allowing too many offers for their players it will get the less traffic compared to old ones so they are going to lose their capital in the process of building their reputation but its not a smart move from business perspective. Smiley And also don't forget how much price of bitcoin increased in these years which itself given them huge profits so they are making use of it.
Indeed, those who start at first and able to survive till now have enough fund to use as the value of profits that they've got from this market is really huge. Nowadays those new sites who plans to create their own versions of such business needs to have decent capital, its not just the traffic but the trust coming from target participants and viewers so they can keep coming back if they've seen honest owners that pays.
full member
Activity: 1750
Merit: 118
i think no . freebit has an active team on this forum so i dont think its own by satoshi nakamoto  . seeing huge number of bitcoins does not mean that its already owned by satoshi nakamoto because there are also bitcoin whales and normal people that can afford to bag a huge bumber of coins . also bitcoins before are cheap so people can buy more and wagger more if they are into gambling but now the number of wager and btc purchase could be lower now . freebit is one of the best faucet but i think not really in terms of gambling . just my opinion
legendary
Activity: 2940
Merit: 1083
Is it? It is a news to me as well. I need to check on the time lines of archive.is if available. If they remained as only faucet site then they might have been showing clickbait ads till today Wink.

Yes, this is right. If they didn't think up of another idea, there are still lots of clickbait ads there. And worst, maybe they aren't running today.

Back then, the majority of big faucets do have an advertisement on Coinbase, Xapo, PTC sites, and other big faucets as well. And I agree, if my memory serves me right, there are lots of ads in the freebitco.in the main page in their early days.

I guess the main purpose of this website is (or used to be) the faucet, right? Faucets were popular and made sense back when the price wasn't so high and faucets gave solid amounts of BTC.

That's right. They introduced their website as a biggest faucet site during the golden era (lol) of faucet days.

They are one of the top-paying that's why they always listed on the newbie's faucet list.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
For a long time they have made advertisement and the early days were like hunting for faucets. Most of all, searches for faucets that they can get back after an hour or for a certain time just to reach the threshold.

And freebitco, did that.

Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.
Yeah, this actually helped them. The early bitcoin people used to knew them as a faucet not an actual casino.

You are right about that. In my early days in crypto, freebitco is one of the first sites that I visited because of the faucet. And I didn't expect that they will live this long here and up until now, they are still offering the hourly faucet. And you can earn daily interest if you have at least 30k sats in your account. And the fact that they have lambo lottery means freebitco really have gone a long way already.
As mentioned by ryzaadit, they have a good SEO and their developer on that position made the website known.

If we just type faucet on google then they will be one of the first results. And that's how it all started and the rest is history. They've known as the popular faucet when everyone isn't aware of them as a casino and then here they are now, a contender and a popular casino.
legendary
Activity: 2338
Merit: 1084
zknodes.org
Freebitco.in have earned lots of bitcoin before when the price of bitcoin is very low so when compared to current price then the bitcoin they will reward to each user will be a percentage amount of the btc they earn before plus satoshis that are spent on buying lottery tickets, HiLo and other games will cover the expenses they will pay to users. They even have fund raising to donate for the front liners.
You are right, I who registered in 2015 did not realize that freebitco.in was experiencing extraordinary progress.
As I recall, in 2015 I could only claim the faucet every hour and I even forgot it because I thought the faucet no longer provided a large profit since the price of Bitcoin soared.
And after I returned to contribute to the forum I found their ads again, and tried to open my old account, it turns out I saw that progress and in the Refferal section I found about 50 Refferals.
hero member
Activity: 2730
Merit: 632
There are many like freebitco.in but just not as big.

Freebitco.in used to make its money from google ads. They had to go with the casino route after google banned faucets. As you see they now make most of their income from sports betting and dice.

And there is lots of competition when it comes to building an online casino.

Long story short, freebitco.in had a huge advantage of having a very well-known domain and they used that advantage very well.
Well its business then it would only have two outcome which is to fail or to boom up and we know on how they do able to pull it through.
Ive remembered clearly that this was only a faucet site until they become big just like on what they are today where they do already
sports and hi-lo game and lottery.

Gambling business is indeed vast and only the best ones would able to survive or do have chance to succeed no matter what are the
business model they've been using but to tell that this is just a typical stuff that freebitco had done.The only thing is that they
are first on the line.
sr. member
Activity: 1596
Merit: 335
Freebitcoin had been running for a long time and I am sure most members here had tried it when they had started in bitcoin. Faucets are famous in the earlier phase of bitcoin and their platform offers faucet and lottery at the same time. I guess this made them trusted and unique among other faucets. It would be difficult for another site to create something similar to their platform since most sites are in competition to get more users by offering different and unique services and promotion.
legendary
Activity: 3276
Merit: 2442
There are many like freebitco.in but just not as big.

Freebitco.in used to make its money from google ads. They had to go with the casino route after google banned faucets. As you see they now make most of their income from sports betting and dice.

And there is lots of competition when it comes to building an online casino.

Long story short, freebitco.in had a huge advantage of having a very well-known domain and they used that advantage very well.
legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
There are many reasons why Freebitco.in is so successful and it's so difficult to compete with them. They are one of early pioneers in the market. It's first website which offered to win such big prize - $200 in Bitcoin. It's obviously attracted many people who wanted to get free BTC. Things like "provably fair" which wasn't just words, but facts. They gained people's trust. In all these years I barely can remember legit scam accusations against them.
They also had generous 50% referral commission, which attracted people to promote their ref links and make Freebitco.in even more popular. In past there was no websites which were able to offer such things in past.
But it's important to say that Freebitco.in didn't stuck in one place. Otherwise they simply would be forced to close like most regular faucets. When they lost income from Adsense, they just switched to gambling website instead of faucet. And they frequently add new things to their website like betting, Lambo lottery and it don't let their opponents to get even close to Freebitco.in.
New gambling websites opens often, but it's almost impossible to repeat success story of Freebitco.in. Now crypto gambling market is just too competetive.
member
Activity: 1204
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Because not every site can afford for it, especially the recent one, even if they are allowing too many offers for their players it will get the less traffic compared to old ones so they are going to lose their capital in the process of building their reputation but its not a smart move from business perspective. Smiley And also don't forget how much price of bitcoin increased in these years which itself given them huge profits so they are making use of it.
legendary
Activity: 3248
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I just wonder about freebitco.in's business model.

I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.

Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
I guess the main purpose of this website is (or used to be) the faucet, right? Faucets were popular and made sense back when the price wasn't so high and faucets gave solid amounts of BTC. Those who are interested in such things are already using freebitco.in, and I don't think that a new website could compete with that. And as for gambling options, there are just many websites offering that already, so it's not like freebitco.in is unique in that. Finally, I am pretty sure that there are websites like freebitco.in but they are just very unpopular.
sr. member
Activity: 1568
Merit: 283
Freebitco.in have earned lots of bitcoin before when the price of bitcoin is very low so when compared to current price
This could be just an assumption as we do not have any proof for confirming that they have made lots of bitcoins earlier. Also, freebitco.in has come into business after bitcoin reached $1200 or the average prices of bitcoins when they become famous might be around $800 which may look like small (compared to current prices) but definitely not in the times of 2014/2015.

Didn't you know that in the early years of freebitco.in, there are clickbait advertisements there too?
Is it? It is a news to me as well. I need to check on the time lines of archive.is if available. If they remained as only faucet site then they might have been showing clickbait ads till today Wink.
Ucy
sr. member
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I remember seeing such statistics when I used to visit the site faucet. I guess lots of the bitcoins were paid out when Bitcoin wasn't this "high" in price. So you have to consider this, I think.      I think they also have an investment program where they pay some interest or something.
The site has been here for a long time(and probably still profitable?)... That could be a proof that it's properly managed.
hero member
Activity: 2366
Merit: 594
The longest-running faucet I have known. Freebitcoin had been trusted by many users since they don't have complicated requirements if you are withdrawing your money. It would be difficult for other developers to create something similar to free bitcoin because most people look for something new and unique, they avoid patronizing replicas of other trusted websites.
member
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They was known to be a good faucet back then and almost all of the faucet that was operating back then was all gone AFAIK.
But now that you have mention it they have been giving out so much since they started they have weekly lottery and an hourly faucet and now they also have so many other option to earn on their site I am also thinking that it might be Satoshi who is backing them up.
Maybe from some of Satoshi's saving that was planned to be a giveaway for everyone but the price keeps on increasing so the prize become smaller everytime.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.
I think we are the same past experience and look where I am right now wearing their signature for their first-ever signature campaign in this forum. From a total noob that only wants to earn bitcoins since one of my friends recommended it as the best sites to earn them for free.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
I guess those numbers are accurate they have been here longer time than any other faucet sites that do dice and lottery. Regarding if freebitco.in was from the creator himself or not that doesn't matter I guess, who knows? A long time faucet platform for free bitcoins they really are spreading awareness throughout the bitcoin community.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
The situation with bitcoin has changed with time though.

Freebitco.in was developed in a time when faucets were worth visiting and they have retained their userbase by not just being a faucet but by adding in more functionality like: the dice game and good amount of referral commission, sharing of earned commission - which I have not seen on any other site, correct me if I am wrong.

Then you have the lucky rolls on the faucet of high numbers to get a good payout, one in which I have been lucky to win the 200$ prize once. The reward point system that helps to keep the traffic coming in every hour.

Then when you see Google Adsense stopped their support for faucet sites they moved on which better stuff that other faucet sites could not cope with and eventually other sites had to shut down. I believe this was a tough time for them but they recovered from it properly and started a sports betting section and a mining passive income section.

Now they are giving out lambos! Grin
hero member
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It is difficult to make a gambling site like freebitco.in because we need to have a new idea from the other gambling site. We cannot just copy their code to be applied to our site because that will not work and that would not be the same as the original website. Mostly, a faucet website allows its members to withdraw the reward without deposit or doing something because they get the other incentives from the other programs. I don't think that Satoshi Nakamoto owned that website but that could be true.

Besides that, it is difficult to compete with the legend in the faucet and gambling websites like freebitco.in because they already got popular and famous among the bitcoin user. The site
copper member
Activity: 2940
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https://linktr.ee/crwthopia
The first time I got into the gambling space in cryptocurrency space, it was freebitco.in that I first encountered. There are many other sites that you could play in but it offers the "Free Bitcoin" in the name itself. It's just like an immediate invitation towards what we want, free money. Since it's already established and well-known, it's most likely to be hard to copy and be successful in it.

Anyways, with all that aside. I noticed that the banner at the footer shows a great cause, to help health workers during this COVID-19 crisis. I think this is what matters. They care.
full member
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For a long time they have made advertisement and the early days were like hunting for faucets. Most of all, searches for faucets that they can get back after an hour or for a certain time just to reach the threshold.

And freebitco, did that.

Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.
Yeah, this actually helped them. The early bitcoin people used to knew them as a faucet not an actual casino.

You are right about that. In my early days in crypto, freebitco is one of the first sites that I visited because of the faucet. And I didn't expect that they will live this long here and up until now, they are still offering the hourly faucet. And you can earn daily interest if you have at least 30k sats in your account. And the fact that they have lambo lottery means freebitco really have gone a long way already.
legendary
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1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

That was done in a long process. Do you mean you want to see other sites did the same?

Different sites have different plans. Let their process grow based on their own plan and not by copying content and features.

Didn't you know that in the early years of freebitco.in, there are clickbait advertisements there too? Since they now able to sustain their revenue and put serious effort into building a good reputation, they no longer need much that. They also think outside the box since faucets are literally dead for years now.
hero member
Activity: 3150
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DGbet.fun - Crypto Sportsbook
For a long time they have made advertisement and the early days were like hunting for faucets. Most of all, searches for faucets that they can get back after an hour or for a certain time just to reach the threshold.

And freebitco, did that.

Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.
Yeah, this actually helped them. The early bitcoin people used to knew them as a faucet not an actual casino.
legendary
Activity: 3094
Merit: 1127
The reason they don't use clickbait advertising or predatory advertising is because their traffic supports the profit motive. This isn't the case with most other websites. They don't necessarily have a business model that you can replicate easy unless you have the traffic. They've earned it, but their business model isn't something that's completely proprietary.
They've earned it and now they do able to sustain it for long term until they do add up even more features but they do actually start from that kind of system but we didnt expect for it to be come more bigger like this.

We know that getting so much traffic into your site isnt really an easy task to be done on initial phase.This had been always a faucet site and been loved by lots and later on they decided to add up something
since they do already established that traffic and normally utilize it to generate more income.
legendary
Activity: 2828
Merit: 1515
The reason they don't use clickbait advertising or predatory advertising is because their traffic supports the profit motive. This isn't the case with most other websites. They don't necessarily have a business model that you can replicate easy unless you have the traffic. They've earned it, but their business model isn't something that's completely proprietary.
hero member
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Bitcoin Casino Est. 2013
Freebitco.in have earned lots of bitcoin before when the price of bitcoin is very low so when compared to current price then the bitcoin they will reward to each user will be a percentage amount of the btc they earn before plus satoshis that are spent on buying lottery tickets, HiLo and other games will cover the expenses they will pay to users. They even have fund raising to donate for the front liners.
legendary
Activity: 3374
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Shuffle.com
If anyone plans to copy freebitcoin's site and become their competitor it would be difficult since they've branched out on so many different things and pulling it off smoothly probably takes a lot of time and effort since we don't know how they manage the security part of the site. As what Lakai mentioned the number of bitcoins they've paid doesn't look that massive since the price of Bitcoin was very low back then.
legendary
Activity: 2338
Merit: 1084
zknodes.org
freebitco.in is one of a kind perhaps the only valid faucet still left that has been able to attract many users with the history of lambo and referrals, I believe that no other attempt to create a similar faucet will never be successful, obviously the other faucets they are only a waste of time
You are right, I'm also not sure there will be a similar faucet next time like this freebitco.in.  I tried many faucets in 2015 but only freebitco.in survived.  The other faucets provided free Bitcoin fixed at that time, while this freebitco.in adjusted the price of Bitcoin which step was properly carried out so that the faucet survived until now and was even more developed.
This faucet was also the first time I knew it in 2015, since 2017 I stopped looking for faucets because of the reason that the price of Bitcoin is soaring high and now I'm in their campaign that's amazing.
hero member
Activity: 2968
Merit: 605
freebitco.in is one of a kind perhaps the only valid faucet still left that has been able to attract many users with the history of lambo and referrals, I believe that no other attempt to create a similar faucet will never be successful, obviously the other faucets they are only a waste of time
sr. member
Activity: 1568
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The faucet things closed a long time ago. I think the last example of the freebitco.in genre is now. I think it might be a bit dependent on his gambling activities. But I am glad that they are online, frankly.
hero member
Activity: 2996
Merit: 609
Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.

One of the examples, if everyone wants to know about bitcoin they will search for some information about bitcoin after that they will curious search "how to get free bitcoin". Guess what who is page one of the search history? Yes, freebitco got page one on the search history everyone will try to visit their website. Their referal system also was pretty good went the upline still can share his earning from the referrals to their downline.

You got it right and in fact this is also one of the ways on how i do able to know freebitco back in the past.Common thing for people to do
when they got curious about bitcoin which is to make some simply google search and it is indeed on the first page where every noobs will
surely have the chance on getting to this place in the first experience.

Freebitco did manage to build up its reputation even though it do only start on being a faucet even up to now and adding up more features
as years passed by.
legendary
Activity: 3668
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Freebitco.in is not only running for long time. It pays its users, although at times the users thought the reward is low. And with Bitcoin so high (compared to 6-7 years ago) the amounts to earn and to withdraw have obviously changed a lot.

The gambling and various contests make the users keep the earnings rolling in-house which makes much less Bitcoins to have to be actually paid.
They've added deposits at some point, becoming more a gambling site than a faucet. There were voices telling that the games are not as fair as advertised but I don't know if the accusations have substance. But they signal that the amounts played and lost may not be negligible.

It's difficult to make such a business as freebitco.in because of its history.
freebitco.in has started as a faucet and when the owner got enough money (also because Bitcoin rose so much in its history) he afforded to also try to get into gambling business.

Today, if one has the funds, knowledge and willing for a gambling website, he'll focus on making a great gambling site. Having a proper faucet will only drain money with no benefit if the casino is successful.
Instead, if one makes a faucet, he most probably doesn't have money for a proper house to also have a casino, so he'll stick to faucet small business.
hero member
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Freebitco.in has been in operation for a long time. They probably had quite an abundant source of Cash flow from early on, and since the price has pretty much bumped from then, naturally, they'd have more space to actually work with in the long run. Plus, a lot of people really appreciate freebitco.in since it is one of the most legit faucets out there, even in the past. This lead to a lot of users using their site for both faucets and gambling, leading to more income of BTC. And even if there are more houses like this site, i'd still opt to use this one instead of others tbh. It's a lot more trustworthy plus, I know they won't try to turn their backs on me and scam me of my money.
legendary
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Anyway, why everyone know about "freebitco" not just about their faucet but also they got a good advertisement or SEO from their name brand.

One of the examples, if everyone wants to know about bitcoin they will search for some information about bitcoin after that they will curious search "how to get free bitcoin". Guess what who is page one of the search history? Yes, freebitco got page one on the search history everyone will try to visit their website. Their referal system also was pretty good went the upline still can share his earning from the referrals to their downline.
hero member
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I just wonder about freebitco.in's business model.

I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.

Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?

Things have changed quite significantly after 2017. Faucets are useless as compared to what they were earlier. I was using this website earlier but stopped because it is very slow and you cannot sit down in front of it the whole day. There are other better option in the market.
sr. member
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They were purely advertisement based faucet when they started. And with the introduction of dice and it's relative success, they found it's much more profitable to operate as a casino than a faucet. Not to forget, they are also a large bitcoin miner and every reward they gave are generally freshly mined coins.
legendary
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I just wonder about freebitco.in's business model.

I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.

Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?

it is a long time used website, and first faucet that i have used, when i first encountered BTC, it was not much to receive, but in today terms, was not negligible, as it was then, and they were still working, and my account with collected BTC, few years later, when i was back in crypto after few years of not using/reading about it, i think this is rare, or only one site that was still active in 2018, that was active in 2015 as a faucet, with balance unchanged
legendary
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snipped-
Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
Haha, I don't think so if that bankroll owned by Satoshi Nakamoto. But who knows maybe your conjecture was right because that company was built in the year 2010 and successfully launched the year 2013. They had been dispensed thousands of Bitcoin from their faucet and they are the oldest Bitcoin faucet. The faucet will dispense 20 sats per hour and might you will earn 5-10 dollars a day.

Anyway, 10 days left who will be the lucky one will get the precious Lambo.
legendary
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Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
The site itself has been in operation for a very long time, it has been around since 2013 and one of the most frequently used crypto sites afaik:

Quote
FreeBitco.in is a faucet founded in 2013 in the British Virgin Islands, 1 year before Moon Bitcoin, 2 years before Bonus Bitcoin, and 4 years before Bit Fun. And it now boasts over 15 million regular users.
Source

If you take a look at the bitcoin price from 2013, you quickly realize that a bitcoin that was gambled at that time was not worth that much (< 100$). Larger bets with 100+ bitcoins were probably placed there, additionally, the faucet itself brought in a lot compared to today's price. Of course, this leads to such sums over time, especially when a site is as famous and therefore visited that often as freebitco.in is.

Freebitco.in itself can of course only spend what is earned. Afaik it is a site with a comparatively high house edge and the offer is quite wide with faucets, games, betting and investment opportunities. So you don't need to worry about the finances of the site I think Wink
full member
Activity: 1162
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I just wonder about freebitco.in's business model.

I started using them as a faucet (at that time I was not aware of what is dicing nor hi-lo games) but I have been a daily visitor of them for obvious reasons like some free satoshi and affilaite income.

Purpose of this topic :
It may trigger some ideas to business people who are right now hunting for concepts for their upcoming gambling business.

The unique cases of freebitco.in :
1. They are not showing any clickbait advertiements even they make us to visit them every hour.
2. I guess only gambling house which allows its users to withdraw without playing a single roll and without any deposits.
3. Other houses started adding options to play even with stablecoins after altcoins but they are sticking with ONLY bitcoins.
4. Afflicate program applicable even with faucet claiming.
5. Lots of other rewards like daily interests for the balances and redeemable reward points.

Their statistics are showing like so far they have paid out (or won by users) 208,000+ number of bitcoins which makes me think about like, is this house owned by Mr. Satoshi Nakamotto for the reason for spreading awareness on bitcoins (which is the basic functionality of faucets)?
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