Freebitcoin - how to get over 1200 satoshi daily regardless of bitcoin price?


So after a long waiting time to promised article on Freebitco.in - with a short guide on how to use it in the most effective way at the end. And yes You can get over 1200 satoshi worth daily with no risk(yes, it's NOT just a clickbait). But more about that later firstly let's start with... 

 

What is Freebitco.in?

It's of course a faucet, BTC faucet to be precise. It let You claim once per hour, after completing some captcha. But it's actually much more than just that. 

As for the faucet feature the amount of satoshi You get depends on the current BTC price (and is more or less stable in USD, though this how much You get seems much less volatile than  BTC price itself... perhaps due to how small a fraction of BTC is the most often given quantity), and on the rolled number according to the following table:

e73acf2fd91374666e98af9503279634e3d45a53d5f06bd04a0410841f250826.png

Actually this image could be misleading, as I have currently a triple bonus to the base claim. The base claim itself is currently 4 satoshi(actually since I started writing this article it goes down to 3... but as it's tied to the value of BTC I will keep it in the article as it is), and it is what You get from approximately 98.85% of rolls. The highest amount possible is currently 0.00404028 BTC, what was - at the point of taking that screenshot - equal to 200$. But there's just 0.01% for that to happened. So in theory in one claim You get on average 0.000000549132 BTC (od about 54 satoshi) - currently about 13 times the base claim, which is... slightly more than 2,5 cents. But just with the base claim, it's even a little bit below 0,2 cents. 

Even multiplying it by 24 rolls (so claiming really anytime it's possible) won't give us much of a result - just slightly above 0.55$ a day. Even considering that it's in bitcoin and it will rise in value it's not impressing(though still quite good for a faucet). And right now it's not the best time for using time for that as currently, bitcoin price is high (49,600$ when it was written)... even thought at some point in the future it can be considered low. 

But it's not only thing Freebitco.in offers.

 

Additional features - the biggest advantage of Freebitcoin.

The main strength of freebitco.in is not in the base faucet feature, but in the other, "additional ones". They are what can give You over 1200 satoshi a day (well... in some sense). There are 4 of them, and those are: Reward Points, Lottery, Interest, Multiplier (well and also the possibility of betting for real worlds events, but that is a feature where You have no control of the results so I didn't count it). It offers referral program too. 

Reward Points

Reward points (shortcut: RP) are points, which You get for certain activities at the website. Firstly You get 2 reward points for each roll (regardless of rolled number), and 1 for every 500 satoshi You wager in the multiplier. But sometimes there is special promotion which multiply that by 3, 4 or even 5. 

But for what can this points be used? Well, a few things. It can be used for some electronics, hardware wallets, and gift cards... but those require huuuuge amount of points. Amounts like few millions. But there are also few other things to spend them. First of all 1 RP = 1 satoshi. BUT they can be only exchanged for satoshi when You have at least 100,000 of them. 

1. FREE BTC BONUS - that is 10% of it for each 32 RP, with some fixed tresholds when highest is 1,000% bonus for 3200 RP. Can it be worth it? Well, considering doing 24 rolls a day the base claim amount should be at least 14 satoshis... and with just 12 rolls at least 27 satoshis. So as much as it could be worth it in some times when bitcoin was much cheaper now it is just throwing money away. 

2. Lottery Ticket bonus - 12 RP per 1 additional ticket a roll, also with fixed threshold and the highest being 1200 RP for 100 tickets per roll. I didn't cover the lottery yet so I letter to explain why it's not worth it. 

3. Reward Point Bonus - amount is the same as for tickets, so up to 100 RP each roll for 1200 RP. It's easy to calculate that if YOu manage to do more than 12 rolls a day You have positive balance of that action. Everyday You can get an additional 1200 RP - just from this bonus. It's now equal to about 0.6$ but with the bitcoin price increase, it will grow. 

Here's how the rewards tab looks like: 

91755a6c528c8ea00b1f4700a8445d4e545ae3a35336aad25708f40fd3ea9503.png

 

Lottery

In the lottery You can win even more but... chances are extremely low. The main price is huge, and it's 10 of them. But... as You see with 315 tickets i still have below 0.007% chance - that's even significantly less than for the main price in bitcoin roll. Here's the table with current prizes and 

3422a71513dceecdf2fc5f6c89159eef6a0cca1f3b5744802a4402b05394fdb9.jpg

Actually the total prize pool is worth just about 10,000,000 more satoshi than the total number of tickets. Because each ticket is also worth 1 satoshi - it can be bought for this price, but the user also gets 2 when doing a free BTC roll and 1 for every 500 satoshi wager in multiplier. But it's generally not worth buying those tickets or using RP bonus on them. As I said 1 RP = 1 satoshi, so Using bonus just might be a little bit more effective, but still, It's rather not worth a risk. Not that stupid as buying FREE BTC with a base claim amount below 14 satoshis, but still. 

There wouldn't be to much to talk about if not one option in profile settings. You can "disable lottery":

f99b02947e27f1f923d5b8f66ead74c419cb5fd7eafd84807ceebe20f275fc8e.png

As You see there in the profile section is this checkbox to disable lottery. If used You'll get reward points instead of lottery tickets for free BTC rolls(including those from referrals). 2 satoshi of sure profit is better than negligible chance of winning even about 0.03 BTC. (And as I understand You still get the lottery tickets for playing the multiplier). It's especially valuable at the beginning. With that You can get to 12 RP (first threshold for RP bonus) in just 3 rolls (3*(2+2)=12), and quickly get to earning up to over 1200 RP a day. 

And well as much as You can get really lucky with the lottery, You probably don't get anything from it. So as much as for some it may prove worthwhile most people wouldn't get anything from it especially that winner is chosen only once a week.

 

Interest

Potentially the most profitable part of the website. When You have at least 30,000 satoshi, then You'll start getting interest (You can disable it but I don't know who would want to disable such a feature) - 4,08% with daily capitalization - at random time of a day. 

Not much to say here, it's a feature that makes it actually reasonable to keep Some of Your BTC there. At least if You wanna hold or generally believe in bitcoin. Because there is a withdrawal fee which is about 3000 satoshi, but holding let's say 0.01 BTC in one month You already make a profit just from keeping it there (as You would get 3292 satoshis).

If You just use bitcoin as store of value then instead of holding it on exchange or a wallet (thought that one would be actually more safe of course) why not keep it in the place where it will keep increasing? 

 

Multiplier

The most dangerous part of the website... why? Well because it's kind of gambling. How exactly it work? Well quite easy: 

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You can wager any amount of bitcoin between 0.000,000,01 (1 satoshi) and 20. You can also immediately set the wager to minimal (1 satoshi), max (all You have - one would be stupid to do it unless can predict the future...) multiply or divide by 2. There is also a 5% house edge. 

It's simple Hi-Lo game when You bet if the number will be high (over 5250) or low (below 4750). Anything between is lose regardless of what You bet on. That mean You have a 52,5% chance of losing with every roll. How much is depending on You and if You win You get as many as You wager. 

Well, that's the base settings. Because actually You can also adjust the bet odds. What does that actually mean? For each roll, the wager is taken from Your account, but when You win, You get twice as much. So for example, if You wager 2 satoshi and You get 4 for winning Your balance is +2 satoshi. Twice as much therefore bet odds are described by the number 2. If You would change it let's say to 3 for 2 satoshi wagered You get 6 if YOu win, to balance of this action will be +4. Actually, the bet odds can be any number between 1.01 and 4750. Yeah, that does mean You can multiply You wager by over 4500 times... but don't get too excited here as with increased bet odds also the house edge increases (and vice versa - with decreasing it the house edge decreases) and with max bet odds only 2 numbers out of 10,000 give You the reward. So it's 0.02% chance of winning and 99,98% of losing. And chance of winning does decrease really rapidly. For 2.25 bet odds it's 42.22%, for 2,5 it's 38% and for 3 it's 31,67% - and to make it even more visible let's see the 11 odds (which would multiply Your wager 10 times...) - 8.64%. That's already a chance that could be considered negligible.

You can also choose to add playing for a jackpot, which gives You quite a big increase of waged value - even 8000 times (1 bitcoin for cost of 12500 satoshi)... but the chance is even more negligible than what You can get in normal multiplier - only rolling 8888 would give You that prize. 

They also try their best to convince people to play (offering even autoplay option):

  • for each 500 satoshi wagered You get 1 reward point and 1 lottery ticket. For every 0.005 BTC You also get "golden ticket", which is used to lottery with even bigger prizes (like lambo/$200,000 in BTC) but chances are even less, so I wouldn't care about those. 
  • playing let You get bonus account - how exactly it is calculated I don know, but here's how it works beside it: when You claim Your bonus the same amount is deducted from Your normal account and together this creates a bonus account. You don't get interest for that, and it remain valid until: it;s zeroed OR You did vager 50 times the bonus You were eligible for(or 25 times the initial state of the account)
  • it increases the amount claimed with every freeroll. I also didn't know exactly how it is calculated but to put it simply: the more You bet, the closer YOu are to add the next bonus equal to base claim amount. It can be increased up to 19 times, so it ends up with having 20 times base claim amount in one roll (it affects ONLY the lower claim amount - so currently it can be increased up to 80 satoshis... but there were times when it could be about 400-600 satoshi!). Furthermore each time the main page is telling You how much (in %) of the next bonus You have... but every freeroll You make is decreasing it. (Well actually also playing with jackpot increase the and buying lottery tickets even 20 times faster) But don't be mislead - it rather ends up more like partial cashback than real profit.

So generally I would recommend stay away from that feature. At least without some plan. Every plan could failed but trying this relying just on luck only is even more crazy. I learn it myself the hard way...

My not so pleasant adventure with FreeBitcoin multiplier

Being a man who usually analyzes different things and have some more or less basic math skills I did look at the multiplier and thought I did invent a system that would make it less risky to play and being a somewhat reliable source of satoshi... in other words: to use multiplier really to multiple amount of satoshi on account rather than zeroing it. 

And well it can work. Actually, it will always work if You can make the next step. But the point is: You may not be able to... and before taking this last crucial step You may end with losing most of what You have. How it exactly works is a little bit more complicated to explain so I wouldn't do it now. But I think I would rather write a separate article about that. 

As You can guess I did use it. As having more on the account help (and I also gave some of the crypto I bought or earn on TimeBucks - well actually I earn dollars on TimeBucks but did cash out in BTC) I did. And sometimes I go lower, sometimes higher, and for some time continue to add more, to be able to use this method... excluding what was earned by Timebucks and other faucets (which together was not that much - up to 200,000 satoshis) I end up adding 6,000,000 satoshi (or 0.06 BTC) - which is huge. It was worth about 600 EURO when I bought it (as the bitcoin price was around 10,000 Euro... now it's almost 5 times more...), what is... over a half of the money I did invest in crypto (which is 1050 EURO). 

That wouldn't be that bad If I would just multiply it, right? Well the sad truth is: I didn't... not exactly. Actually I did have even higher account level - my record was about 0.08 BTC... (I mean something above now I just remember the more significant digit). And it was before adding the whole 0.06 BTC. So i did get more than 33% of my profit IN BTC... So actually it would be a good place to just stop playing and just let the interest (almost 900 satoshi a day) going to my account right? Well perhaps(today it will be worth at least 3200 EURO - so my invested capital would be at least tripled by now!), but I didn't do so I get kinda greedy and wanted to multiply it further. And I did lose a big part of it. Then added more (ending with previously said 0.06BTC), to quickly make up for that lose. But in the process I sometimes get emotional and incautious, ignoring self-arranged safety rules and adding up... almost completely blowing it up. 

Then I decided to never ever put there any more money I invested to avoid further losses. Though I still did try to regain what I lose but just by using Freebitcoin itself. It was relatively not time-consuming, especially with some little tricks, and I did manage to get up to 0.045 BTC (so 75% get back! ...well actually a little bit more as I did before transferring some to my mother freebitco.in account - which she has to but did not ever play that much and recently is rather not using it at all - for safekeeping... actually I, either way, keep some of my sats there (together about 0.015 BTC, though part of it is are just the ones I bought and they're kept there do make interests - 25% of them also go to my account as this was from my referral link)). And it started with a really small amount - from less than 100000 (some tens of thousands I don't remember exactly) satoshis to 4,500,000 satoshi. That's huge. Of course, I did at least once transform RP into satoshis, and even use free sats bonus (it was profitable at that time), but still.

The bad part it... I get incredibly unlucky once and lose about half of it. Wanting to make next step of my method and regain it... ended up losing most. Again breaking own safety rules proves to be too risky. Recently I did again go up to slightly over 200,000 satoshi... just to again lose it (and I surprise You: again from the very same reason... well this how quickly it happened - at the very first betting session a day - mislead me to believe the next step surely will be successful. But it wasn't...) ending up with about 60,000 satoshi... and after regaining some I again went down to this amount. So long way ore me if I would get back what I lost... The only reason why I still trying is that it's relatively not time-consuming (if You know how to do it), and now I can lose only what I got again by this, as I decide to never put new funds into it. 

Well, the good thing is I at least manage to (kind of) get those that I lost back, as the overall value of my portfolio is equal to more than I put... it just could be much bigger.

So let this be a warning to all of You: never risk too much, keep calm, don't get greedy and... never break your own safety rules. Because in another case You can regret it and lose a lot. 

Actually, I even hear some conspiracy theory that there is some hidden algorithm which doesn't let You make to big winnings... but I'm not sure if it's true or just some misconception and applying the famous rule "home always wins" in practice. Though when I have my greatest loss it was due to events that have - in theory - less than 0.0001% chance of happening! So does that mean even such a slight chance of failure isn't a good enough guarantee of a success or really there is something fishy going on with the multiplier? I leave the conclusion up to You. Just keep in mind my warning from previous paragraph, as it was the point of sharing this story with you, guys. 

Effective use of Free roll & some other feature

You may notice that more than once I refer to doing freeroll every hour through the entire day... which would be rather impossible for just one person right? After all everyone must sleep and it take significantly longer than an hour. But... there is solution for that. If You want to keep Your computer turned on all day (and as I once read - and was actually surprised by that it shouldn't be actually harmful for it, though it would require restarts from time to time of course) there is a solution. Those solution ar scripts like this, You can run it in You browser all the time it is running (and I tell You those scripts doesn't slow down the computer in a noticeable way) by using some extensions like tampermonkey (it's rather not the only one, I just happen to use this). 1 important thing about this script I linked a sentence ago... You'll need to delete these lines:

            if ($('#bonus_span_fp_bonus').length === 0)
                if (reward.points >= 4400)
                    RedeemRPProduct('fp_bonus_1000');

 

As those would activate the FREE BTC bonus(which make sense only if the base amount of satoshi per hour is at least 14 - and that is assuming You keep the script working 24h per hour, if You do it let's say 12 hours(but well, then RP bonus doesn't make sense, as from the bonus You get just it's price) it would have to be at 27(not 28 due to rounding up for both cases)). Yes, this one script is not only doing the roll for You but also will activate the RP bonus. Kinda cool, right? Where's the catch You may ask? Well... it doesn't work with the captcha. So the only solution to use it is if You have disabled captcha. How to do it? First option is by paying 1 RP each roll (at least at some point there was such an option) instead... and the second is disabling it permanently. How to do it? There are a few ways, including playing the multiplier (yet again they do their best to convince You to play, didn't they? Well it is more profitable to them than us in the long run after all...) or depositing bitcoin. Of course with high enough volume. I have it disabled for good, so I can't see the actual requirements (though... as I heard if they change enough for me to not meeting them anymore captcha may be enabled to me again...), but here's some snapshot of how they looked once: 

ae5255018f1b15baf9e29ae1cd11a6a59796b0106c81aac70fe5398b8c4eca4d.png

(As You see jackpot and buying tickets also is way to do it... but I definitely don't recommend that. The safest way is to deposit some bitcoin and earns interest from it - but then You better be careful to not lose it if You want to try playing multiplier - actually You shouldn't mixing those!)

There is also some new token which gives additional profits for stacking but for that, I have yet to make some research so I won't be talking about that in this article. Perhaps I would in some future one, but firstly I would have to do at least some research on it.

Referral program - and what You can get by being my referral ;)

As I mentioned this website has a referral program (well as most faucets of course). So what are the benefits of having referrals? Well You got the following bonuses: 

  • 50% of base prize (as far as I noticed rounded down) for every freeroll
  • 1 free lottery ticket and 1 reward point for every freeroll (or 2 reward points if you have lottery disabled)
  • 0.4% of wagered/bet satoshis - what translates to 1 satoshi for every 250 satoshi a referral would wager (or use for betting on real-world events in the betting section - which I wouldn't recommend to use anyway)
  • 25% of their interests
  • 50% of trade fee for token sales

Of course, the referrals lose nothing on that. And what more there is a feature which lets to share up to 100% of commissions get from referrals. It can even be automated, to share some fixed percentage with all referrals. It can be shared equally among all, based on their total activity or about the recent activity (since the last payout). I think the last option is most fair to my referrals so I get it set to share 40% among all my referrals based of their activity since the last payout. What it basically means is that You get 40% of my referral commissions from you back! 

For example, let's assume someone makes 400 satoshi from referrals a day, doesn't wager anything but get also 60 satoshi from freeroll a day. So in one week, it translates to 910 satoshi (400*7*0,25+60*7*0,5) of referral commisions. But as I have set to share back 40% of it with You, You'd actually get an additional 364 satoshi a week just for the fact that You are my referrals! It also can be said that Your interests raise from 4,08% to 4,488% (which is 10% more)

How to become my referral? Well, You'll just have to sign with that link: https://freebitco.in/?r=21393011 - unfortunately, if You already have an account this wouldn't work... but You can always just create a new one and send all the funds from the old one If You consider 10% more of interests worth the price of withdrawal fee. 

How they pay - what's their business model?

Well besides from being rather on positive balance from the multiplier (as "House always wins", and they have 5% house edge - which isn't that massive, but still it means they are generally more profitable from that than users) - which they, of course, wouldn't explicitly admit (as it would discourage using multiplier) - they explain it in a quite reasonable way: 

4828771327399a59db0d02518e30ac68631e1cd238da2f5ed6c15cc7dfe57e4c.png

They also give the possibility of getting proof that they are actually mining, which You can check here.

709300f91fbca88f76437f726a3077ff3147c58bf6692fd80cea1a962090acee.png

The values from the graphic are the following: 

  • BTC address: 1EcH7pHYTHLo3cbdXfkf6e6Zh5JzCPGumc
  • Message: This is the FreeBitco.in mining address where payouts from our mining operation are received.
  • Signature: HB7xbLIWPlTn5Vx3eCY1eAfib8VSahVd6ER1NyBEBI0BJANEEvXi6CuNHS8lRXzhkmOTpKPlaeOhNoCT60mZPa8=

How to actually use it?

Well, it's quite simple: use the script(just choose option to disable captcha for 1 RP per roll initially - it's worth it) to claim every hour and get a maximal reward point bonus. Every time 100,000 RP is reached jus exchange it into 100,000 satoshi(which should be possible at least once in 3 months if You'll use the most of it). As simple as that actually. Firstly to get to higher reward bonuses faster it's encouraged to disable the lottery - then You can turn it on again, but it makes little to no difference actually, so not matter much. After reaching 1200 RP for the first time using a script (over 12 hours a day) will become self-sufficient. 

Additionally one can try luck with a multiplier (but not without a plan, not just counting on luck! That's an even more sure way to just lose Your gains - even with a plan it's not advised) or keep some bitcoin there to get interests.

Final thoughts - is it worth it?

My answer is YES. At least if You can reach the 30,000 satoshi threshold to get interests. But considering the trick with reward point bonus, You should be able to reach it in about 3 months. 

But even the base hourly free BTC You get seems relatively decent compared to other faucets... but it's nothing compared to other benefits like interests and getting over 1200 satoshi worth daily from reward point bonuses. So at least If You will be able to claim more than 12 times a day (or just keep Your computer on over 13 hours a day) You can make it a quite good source of passive income. Most likely the best one possible without any need to invest. 

You can also use it to store Your bitcoins and get commissions (I don't exactly know a place when You can have a similar interest rate with no explicit risk) - which doesn't seem less safe than keeping them on an exchange, as this website is operating long and nothing seems to suggest it can be shut down soon (and I think that even if it will, some warning will be announced first, similar to how it was in Coinpot.) - which will make a nice addition to this passive income. Other things also could make some difference but are either negligible or with very high risk (and those should never be mixed with storing bitcoin on the website as it can easily prove to be huuuuge mistake as in my case it once was.)

 

Also I want to remind You of this form, I created for You to give me hints about what articles You want the most. Any votes would be really appreciated!

 

My referral links

HoneyGain:
https://r.honeygain.me/MACIEC06C9 

Freebitcoin:
https://freebitco.in/?r=21393011 get 40% of referral commissions back!

Cointiply:
http://cointiply.com/r/RDepd 

Timebucks:
https://timebucks.com/?refID=216078102 

Exchanges: 
https://coinbase.com/join/tomasz_t1 trade at least 100$ to get 10$ bonus in bitcoin!

https://market.tokeneo.com/en/ref/1966r0740b 

https://www.binance.com/en/register?ref=UVN9AF39 - with 5% Commission Kickback Rate for You!

https://www.bitpanda.com/?ref=611043704198149865 - get 5 Euro bonus for depositing at least  25 euro and trade at least 25 euro with that link! And then gain 5 euro for completing a test about crypto (unlimited attempts!)

https://www.kucoin.com/ucenter/signup?rcode=rJJKGMW 

...and Publish0x itself: https://www.publish0x.com?a=X7axOPneyv - honestly if You don't have an account here yet it's high time to register! And just Facebook or Twitter account is all You need for that!

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Free Crypto tips and tricks
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