Receive compounded daily interest on any balance that you hold in your FreeBitco.in account, without doing anything.
All you need to do is maintain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.
This lottery is provably fair. What that means is that there is no way the site can cheat you by picking a lottery winner who we favour. All winners are picked randomly and the method for picking the winners is described
- When a lottery round has concluded, we make a list of all user id's and their lottery tickets and sort it in ascending order of the user id's.
- We then use this list to assign ticket numbers for all tickets. For example if user id 1 has 10 tickets and user id 2 has 20 tickets, then user id 1 will have ticket numbers 0 to 9 and user id 2 will have ticket numbers from 10 to 29. This is done for all users.
- Then the list containing the user id's, tickets held by each user and their ticket numbers is published in a text file. This file also contains the total number of tickets issued in the round and the server seed for that round.