Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
Tercio
on 17/01/2021, 18:53:03 UTC
Freebitco.in mining operation. Where is it?

Hello guys,

Since the bitcoin price has skyrocketed again I was checking how secure were my methods of keeping my bitcoins.
This led me to check Freebitco.in and i noticed some incongruences.

I had a question about the numbers posted on the Freebitco.in website about their mining operations.
It says they are running mining equipment that outputs them 9.065 PH/s. They also provide an address (1EcH7pHYTHLo3cbdXfkf6e6Zh5JzCPGumc) with a message and signature to provide proof that they indeed hold the keys to the address.
The signature checks out.

My problem is that if I check this address I find out that what they are pulling in (on only that address) is around 0.0002 BTC per day (~10$/day which is miniscule)!
That is way less than what 9 PH/s would get you!!  Huh
9 PH/s will get you around 0.055 BTC per day (~2000$)!

Also that number (9.065PH/s), I'm pretty sure, hasn't changed since they started offering interest in their wallet!

To add on top of this, searching around in this forum I found a couple of addresses that they, in the past, have claimed they keep as  cold storage.
(https://bitcointalk.org/index.php?topic=1922196.msg19285470#msg19285470)
(https://bitcointalk.org/index.php?topic=1922196.msg26492093#msg26492093)
Those address are now empty or mostly empty (94 BTC is 3M$ but their operations seems to be way bigger than that).
The address from which they are dealing out payouts (3LaNNTg87XjTtXAqs55WV5DyWASEZizCXZ) is currently holding "only" 19 BTC...
From their "STATS" page they say they are currently holding ~1300BTC total as "USERS SAVINGS". Where are they?

Are the info on the website incorrect? Am I simply missing something? Where is all their mining power?  Huh