Or will we? The payout wasn't great, but it was consistent, and a really good tool for newbies to get involved in the cryptospace. CoinPot was my first active bitcoin address, so maybe I'm sentimental. It's time, I guess, when the lowest possible average claim equivalent from BonusBitcoin sits at around 4 sats/hour and eventually becomes unsustainable for a faucet that is not also a casino to give away to anyone who clicks the captcha. Makes sense, I suppose. I hope the owners are comfortable now.
Anyway, in case you hadn't seen it in red letters on the Moon faucets or on the website itself, CoinPot.co's 7 partnering faucets are drying up on January 31st, 2021, and the last day to withdraw your coins to another wallet is February 28th, so remember to use your CoinPot tokens for something and withdraw before your data is locked/erased. If you've been using the site for a while, you might have a lot of CoinPot tokens. I've only been using it for less than half a year, but it has been around for three to four...
The FOMO is real. I see how you have to take the cryptospace rationally, though, because it is too big to swallow if you try to go balls-to-the-walls from the get-go. If you get too happy with it, you'll end up entering a liquidity pool without knowing what impermanent loss even means. That's when they get you. Investing is kind of informed gambling, after all. Lucky there are ways to be better at it... Like knowing that some mainstay ETH token paired with USDC probably isn't going to net you returns in the long run. Not if you expect to hodl, I mean. In fact, you will lose money if your LP incentive fees don't cover the impermanent loss of ETH doubling or tripling in value while the stablecoin stays algorithmically near-constant in imagined value. Since the value of the two tokens remains constant and not the number of each, the pool automatically swaps your higher-valued token for the lower-valued one such that you may have had more of the higher-valued token had you simply left the assets in your wallet without even touching them by the time you want to exit from your position. And that's even before you account for the transaction fees required to remove your coins from the pool. Haaah, right... Honestly, these are basics. You didn't know that, bro? You didn't? Well now we all do. Thanks to Alucard for bringing it up in one of his posts and me for realizing that I should probably know how that works before I dump any significant chunk of funds into a script... It's a good thing I only stuck $20 USDC in there while all that UNI fomo was going on... Since I didn't withdraw my UNI while I had the chance, it was not a winning venture for me. I assumed I could just get rewards in ETH instead, however, no, that's not how it works...
But what about those mining scripts on Telegram? Haha I haven't been paid by any of them yet, so probably not worth your time. If one of them ends up paying out, you can bet I'll be posting my referral link here later.
I've definitely been paid by CoinPot.co (and Cointiply, of course, but that's a different story), and that is one of the things that makes CoinPot great -- it's not a scam! It was a decent opportunity to earn some digital assets! You don't really have time now to go accumulate anything now unless you've been using it already, but you should make sure you have enough coins to withdraw what you already have.
Since my stars would be completely erased upon this happening, I decided that I needed to earn as many CoinPot tokens as I could just in case I might need to convert them to a different asset per its withdrawal. In doing so, I discovered that their "provably fair" coin multiplier is actually more like 45:55-house edge after using 1000 tokens to generate 1100. I mean, I still ended up with about 1050 instead, which is a gain regardless, but remember that crypto gambling is probably almost never pure 50:50 odds. I didn't have a chance to screenshot the actual results before they disappeared, but statistically speaking, all the win:lose ratio has to be tweaked by is one percentage point for a game to be profitable for one side in the long-term, so you can't really blame the owner of the casino for wanting to leverage that. It's his job, after all. In this case, I was lucky to have the statistical favor regardless. That's how you win on a platform like BetFury -- you just don't gamble your free sats and stick your referral link out there a lot. Best of luck to you on your cryptoadventure and happy earnings!
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