*DMYF does not endorse gambling. We promote LuckyGames as a fantastic exchange allowing for zero-fee market-rates 100 cryptocurrency exchange.
We simply reserve the right to express the emotion, symbolised by o_O.
Minimum Dogecoin Deposit Amount: None (as far as we know).
Minimum Dogecoin Withdrawal Amount: 10 Doge (!)
Withdrawal fee: 1 Dogecoin (“low priority” option)
Minimum Bet (Doge, Roulette): 0.10 Doge
Minimum Bet (Doge, Dice): 0.00000001 Doge
Minimum Bet (Doge, Cells): 1 Doge
2 FA for Withdrawals: No
Transaction Times (“Low Priority” option): From 2 to 5 Hours.
Withdrawal Confirmation: Instant, Automatic (as far as we can tell)
Exchange Minimum: Doge => BTC, 100 Doge. BTC => ~Doge = 0.0001 BTC,.
Commission for Cryptocurrency Conversion: None
Conversion Rates: Current, Updated every 1 Min
Exchange Options: (as far as we can tell): Any Supported Currency to Any Supported Currency
Key points summary: 10 Doge minimum withdrawal is madness. In a good way, Low withdrawal limits allowed us to test transaction times of Lucky Games Doge wallet to online wallets, exchanges, etc. four times. Choosing “low priority” every time, each Doge transfer arrived earlier than we expected.
Zero-fee exchange where a user can exchange virtually every popular currency to another popular currency was the reason behind our interest in Lucky Games in the first place.
Dogecoin-based test of the casino did not reveal any unexpected surprises (e, g. 1000 Doge min withdrawal). We will try to run the same test using other currencies.
P. S. This article is not a review of the casino and games of chance. We did not play any of the games long enough to state whether they are fair or not, – however, – from what we can tell, there are no hidden scripts; unlike Cointiply’s Cointiplier, which is widely considered to be rigged, the games offered by LuckyGames are definitely not.
Disclaimer: We do not endorse gambling; alas, if a person is a determined gambler, picking the right casino is better than wasting earnings on faucets’ “multipliers“.
UPD. !!! — MINING GAME IS HISTORY — !!!
While Cointiply is offline…
(SPOILER) Truly “passive” income might be possible if the following conditions are met:
(note: “passive” means “0 effort on your behalf”; in this case we examine a scenario where, following an initial investment and some preparation, we set up a system where we either forget about the existence of Cointiply for almost four months = maximum hardcore; or log in every once in a while to withdraw the funds and, maybe, roll the roulette = medium hardcore)
– all profitability/building/rebuilding spreadsheets studied and applied to individual circumstances
– the user is gifted with the ability to realistically evaluate the amount of time he/she will be able to dedicate to the Game (gem acquisition stage), maintain a zen state of mind (during the passive stage) and
read the works of Marcus Aurelius stoically accept the fact that that $1 per day, a result of hours spent letting Big Brother know every detail of what you did last Summer tapresearching… has a life-span.
– think of referral income as a pleasant bonus; do not factor referral income in the equation.
– think of “bonus from mining pool” as a, well, bonus. Which, (surprise!) diminishes if a user stops re-investing. Dropped down a few ranks? Goodbye 8 Bonus CpH; Hello 6 CpH!
– calculator app at hand, common sense app opened, basic game mechanics understood, subscription to DMYF guides/tips/tricks activated (joke)
– enough Gems to afford “rebuilding” the purchased “real estate” from 0% to 100% post-expiry
– “auto-spend on“, enough Gems to maintain Efficiency at 200% 24/7.
(rough example: a mine generating circa $1 a day needs 5472 Gems to maintain 200% Efficiency)
– (theory) Method:
Step A: repair all buildings to the max
Step B: calculate total repair cost at expiry
Step C: seize the moment when GpC is circa 25 and grind a few $10-15-worth of assignments (our “Earn More, Work Less” series might be handy) and/or get ripped off at the Marketplace.
Step D: pray: may Cointiply feel the divine wrath should they release another patch…
Step E: After the end of the first cycle, log in, rebuild (using previously stored Gems) and count the profits.
Step F: Either deduct the cost of full Rebuild and calculate the actual “passive income“, or collect the Coinses and forget about the Game.
The Rebuild Calculator (all credits go to its creator who took time to form an incredibly useful spreadsheet) is an invaluable tool, offering proof that a mine’s profitability is heavily affected by the GpC rate in the long run, –
should Cointinply decide to close shop…
On a good note: as long as GpC rate is reasonable, the mine will keep generating Coins for months.
Calculator – download link.
(copy-paste the spreadsheet to be able to edit the figures)
Playing around with numbers will develop understanding of the rebuild system and will give users an idea as to when Gems should be stockpiled or spent.
Disclaimer: we believe that the mining game is a risky enterprise. It is unsustainable in the long run, – Gems or no Gems, – its longevity is determined by the influx of new users. The game is time-consuming, addictive (the “reinvest or withdraw” dilemma is ever-present) and “shady“, – “unknowns” such as Cointiply’s plans and the state of their balance sheet can and will impact the future of users’ “investments“.
Saying that, – so far, so good. As long as external deposits are not allowed… the “mining” goes on.
* If possible, avoid purchasing Gems on the Marketplace. Marketplace activity brings GpC rate down!
* Monitor the GpC rate.
* Do not get addicted/emotionally attached to your mine. Before re-investing the Coins it yields, imagine a scenario when GpC rate could be 4:1…
* AVOID COINTIPLIER!!! Word around town – Cointiplier is rigged. We can neither confirm nor deny the rumours, – however, our stance remains the same: a faucet should be a faucet and a casino should be a casino.
A user can’t help but want to gamble the earnings away? Likes the game’s design? Personal choice. At the very least, have a look at Cells and Hacker offered by LuckyGames. Save your Cointiply earnings,- Lucky Tokens are free and Lucky Games has an immaculate reputation when it comes to fairness,
Sounds like we are trashing Cointiply and advertising Lucky Games? Nope.
We have been following Cointiply since its “birth” and we are exploring and testing Lucky Games for months. Our Cointiply reviews have always been mixed. Each time we publish an honest, balanced, yet negative report, we risk getting banned from the faucet, losing a source of income, however insignificant it is.
DMYF is an independent entity, free of sponsors and affiliations. Authors’ opinions are subjective, yet sincere. Is earning money to gamble it away on the same site idiotic?.. Is quoting dozens of users’ posts a crime? Is recommending a service which we are testing ourselves to publish an honest review unethical?..
Rhetorical questions are rhetorical.
P. S. If possible, we ask our readers to refrain from gambling. Otherwise, may Lady Luck always smile.
P. P. S. Cointiply has one truly great feature: faucet earnings are tied to fiat, thus withdrawing earnings = purchasing Bitcoin or Dogecoin. Users’ earnings are safeguarded against cryptocurrency market fluctuations. Is gambling away funds wise, when the earnings can be used to purchase BTC which might return to its former glory?
Hourly minimum roll rewards are creeping up (0.09-0.10.0.11). Which means that the Dogecoin trade value is… (who knows the answer? Raise your hand up!)
…however participants of our Dogecoin Giveaway earn 50%+ more than those too lazy to create/switch/add an account. 😛
Cointiply Mining Game “Fuel” – Gems
And yes, this is important (to those “earning passive income” by playing the Mining Game)
Depending on the Mine’s Level, maintaining Efficiency (passive Coin production) at 200% costs from 200 Gems per hour to… more.
When the GpC rate is good…
*hint: Cointiply Mining Game implies risk, can be addictive and is not free-to-play.
However, constructing a building or two and simply claiming Gems once per hour to sell them on the Marketpace for Coins = second Cointiply hourly faucet and an extra way of earning more on Cointiply. A click is enough.
“Gems are used to purchase efficiency and upgrades for your Mine. You can toggle between earning Gems or Coins on Cointiply at any time.
Changing your earning mode will effect all earning methods including offer walls, faucet, videos & PTC. The conversion rate for Coins to Gems fluctuates based on the number of Gems in circulation.”
We are yet to test our “OMG REWARD POINTS ARE AWESOME” theory.
For now, at least consider the fact that Reward Points are used to earn Satoshi hourly with no captcha.
Faucets and Beyond…
As a reminder that DMYF was, is and will be devoted to providing quality, in-depth, educational, but, most importantly, thought-provoking content, it has been decided that our permanent followers get to read about something besides Cointiply during this weekend, even if it will cause a delay in the implementation of cosmetic changes.
Eobot (a multi-currency cloud-mining service we are currently testing; as of now, we can merely state that visiting Eobot is 100% safe and interesting) also has a faucet – is that a well-known .fact? Only one claim per day can be made, but a user can either claim one of many cryptocurrencies featured on Eobot (Litcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Ripple, Dash, Golem, Cardano, CureCoin, NEM, Monero, Zcash, Factom, Bytecoin, STEEM, Lisk, EOS, USD, Gridcoin, and Ethereum Classic), or “roll” a random crypto.
Eobot (or Eobot-like service) is meant to be Destination 2 in the “Earn, Invest, Trade” journey: a faucet user earns cryptocurrency fauceting, learning about the market and coins, gaining some transferrable skills. Faucet earnings can either be used to learn a thing or two about trading, or finding a reliable short-term investment vehicle offering decent enough ROIs, flexibility, access to funds and transparency.
We are not yet confident enough to contemplate purchasing hashpower through investing personal funds, but the faucet is free, generous (depending on the currency, = $0.01 per roll is not a abnormal reward), which means hashpower can be rented (= coins multiplied) using faucet earnings only. The “profits” are hardly worth the effort (although, in the future, who knows…).
Notably, the faucet-cloud “demo” offers an incentive to explore Eobot’s system from within and should not be mistaken for a source of income… which applies to (*spoiler: almost) any faucet.
LuckyGames (also under test) is an online cryptocurrency casino, considered legitimate, safe, fun and not rigged.
DMYF does not promote or encourage gambling. However, anyone following our faucet guides has made more than enough cryptocurrency to… do what? HODL? Trade? Speculate? Invest in dodgy scams? Withdraw to fiat?.. “What to do with Coinpot Tokens” is the most popular question we get. We do not offer financial advice; Coinpot Tokens can be used in many different ways… the worst of them is playing Lottery and Multiplier on Coinpot.co.
Many users actually stare at their Coinpot.co, FreeDoge or Cointiply balances and think: “now what?”
DMYF’s answer: NOW IS WHEN ONE SHOULD ASK ONESELF: WHY DO I NOT YET KNOW WHAT TO DO WITH MY FAUCET/EXCHANGE/INTEREST/TRADING/MINING EARNINGS? MAYBE NOW IS A GOOD TIME TO RESEARCH HOW EASY IS IT TO TURN 0.01 LTC TO CASH? OR IS BCH GOOD FOR HODLING? OR WHERE CAN I SPEND WHATEVER I EARNED AND WHY THE HELL ARE MY EARNINGS STILL NOT ON A REAL WALLET? IS YOUR PORTFOLIO UP TO DATE? DO YOU HAVE A PORTFOLIO?
The worst “now” is gambling the earnings within the faucet the earnings came from because “probably fair” is “probably” fair and (FreeBitcoin is an exception, to a degree). If games of chance is a user’s hobby, DMYF mentions LuckyGames, which is not a scam and a million times more fun than Cointiply’s new
“earnings down the drain innovation” Multiplier.
LuckyGames, interestingly enough, is a casino which has an internal faucet which can be used to replenish your balance whenever it reaches 0… Yes, really. To try out any game, the user does not have to invest a hair of a Dogecoin; moreover, the internal currency has some real-life value (albeit, only at enormous amounts)… …and is acquired via a faucet.
– Learning about fees, exchanges’ policies, altcoins’ liquidity is a must
– Some exchanges are made to cheat users by silently “delisting” coins
– There are no regulations, nobody to complain to and support will say “you should have read the “News” section…
– Considering researching every coin before purchasing the coin
– Fees change, prices rise and fall, altseasons come and go, innovations appear, the market is volatile and unregulated. There are only 24 hours in a day… yet CoinExchange, Yobit and many others keep introducing new trading pairs. With minimum amounts required for a trade range from 5 to 10 Doge, it is tempting to skip the “research” part.
….depositing “dust” onto a LuckyGames wallet where the currency can be exchanged for other coin,, or multiplied by playing Blackjack…. a 0.000001 BTC minimum bet in any currency. When gambling is the only option, it is not gambling, but a form of an exit strategy with an added chance of winning.
Summary: “stable”, liquid currencies, currencies which have potential to increase in value, even crazy, but “who knows” altcoins (example: Dogecoin), or anything that adds value to one’s portfolio is one category.
“Dust”, dying currencies (inactive team, low market cap), balances on shady exchanges, trade leftovers which can be converted to e. g. Litecoin only by using more :Litecoin to purchase more shitcoin… …to meet the minimum trade amount necessary to trade it back to Litecoin (fees+fees+fees+fees…)… Portfolio is worth $1000, out of which $950 is 4-5 coins of value, rest is 50 currencies representing $50 of dust? Many have been there. Many inactive “dusty” accounts made many exchanges profits.
As Thomas Carter says, “always have a plan”. Even if the plan features a cryptocurrency casino, a plan is better than no plan. A plan that has been thought through is better than just a plan.
Finally, when the ill-researched plan fails and the options are “forget xxxcoin ever existed” (=loss for you, =profit for the exchange), or salvage it through a casino since no exchange accepts a trade below XXX amount of xxxcoin”… (=there is still a chance), the plan is not completely doomed.
SOME BACKGROUND: Coinpot.co rewards its users with Coinpot Tokens
Coinpot Tokens represent an undervalued feature of Coinpot.co. Rivers of time have flown by a since mysterious Token’ Balance appeared on or dashboards, yet do all active Moon faucet users utilise full earning potential of the automatically and generously awarded bonus?..
If you are a dedicated faucet user, think of all sources of income the faucet offers to you holistically. It would not be a bad idea to apply the same frame of mind to all faucets you are active on. Should you wish, create a formula, even if only an image of, for yourself, taking into account factors such as the following (example):
A 88 satoshi roll on BitFun (if you leave an hour or two between visits/claims) earns you 0.00000088฿ + 3 Coinpot Tokens.
A 3 satoshi BitFun roll (if you make a roll three minutes later) adds 0.00000001฿ to your Bitcoin Core Balance …+ 3 Coinpot Tokens.
Calculate how many BitFun claims alone would it take you to “farm” 100 Tokens (we will mainly refer to CTs by the 100s for simplicity).
HISTORICAL NOTE: “Are the tokens related to a future ICO”, we asked ourselves as we first saw the Token logo? Coinpot administration is notoriously secretive about its intentions, plans and innovations…
No, Coinpot has not publicly announced an ICO. Does that put a cross on an ICO happening? “Never say never”.
“Coinpot Token” is much more than a merely fancy name for a “Reward Point”, like that offered by Freebitco.in (which we we recently dedicated an article to).
Both bonus systems are great. FBC’s Reward Points are exactly what their name stands for: you are rewarded for your loyalty to FBC by points per hourly roll. Save enough, redeem them for, say, the latest iPhone or a Samsung model.
Allow us the liberty to define Coinpot Tokens as the multi-currency wallet’s value-exchange system’s units. FBC’s Reward Points are barely affected by the state of the cryptocurrency market.
CT’s are. However, since Coinpot Tokens are not directly available (ed: in their original Token form) publicly, are not (yet?) traded on an external cryptocurrency exchange and can be accessed and/used directly only via Coinpot.co, they can be mined (
wtf sic!) and on the wallet’s dashboard, Coinpot Token balance looks like just like, say DASH, balance. How much does an average microwallet user know about DASH, its history, investment potential, differences and similarities in comparison to other coins? How much does an average mictowallet user know about the investment potential of Coinpot Token, its value, worth, price, whether to HODL or sell? Is it safe to sat that the potential for new users’ confusion is understandable?..
If you think Coinpot has granted users a free bonus which you can use for gambling, instead of withdrawing your earnings to test your luck elsewhere, you are technically right. A typical cryptocurrency faucet’s “innovation” is aimed at keeping the funds within the faucets (away from your personal wallets), under any “for your own good” excuse (Cointiply’s farce of a “Premium Account” is a prime example).
Some offer of a wat to “multiply your earnings” is just a classic. Keep in mind what you came to the faucet for: making a few coins. Learn about cryptocurrency. Whatever it is, we would recommend following the simple rules.
* Payout (money earned from fauceting): good.
* No payout (postponed payout, delayed payout): bad.
* No payout because of your choice to test your luck/purchase a useless trinket… Your choice.
Remember that you can either play some hi-lo game or take part in some “probably fair” faucet lottery, lose and, – congratulations! – your time, activity, efforts, hopes and aspirations represent free money for the faucet owner.
WARNING: Unless you are totally confident you have knowledge of a guaranteed winning system, proven itself over and over, we believe that spending currency earned on a faucet internally is one of the top-5
fuck-upsmistakes a faucet user can commit, – should you fail to win, especially before making a single claim…
We do not endorse gambling, however if that is your interest anyway and you play responsibly, consider doing so at a specialised website.
A faucet which offers some gambling options is reviewed as a faucet, classified as a faucet, SEO’d as a faucet. Everything else is a side-biz. An online crypto casino’s main business is Bitcoin/Dogecoin/Whatevercoin Roulettes, Dice, etc.
Disclaimer: We are not promoting Luckygames, we are mentioning the multi-currency online casino because there is no deposit required, it features a faucet for its internal currency which can be used to win real prizes and it is currently under DMYF review. The review will be honest and unbiased; as to why we are referencing it, – simply because we only refer to resources we have tested out first-hand.
If the “dice are loaded”, even if the casino’s website has an in-built faucet (like Lucky games), if the users lose too often and win too little, they will bring the website’s ratings down. Hypothetically, if the roulette spins red 20 times in a row as soon as your winnings exceed a certain amount…
Remember the “no such thing as bad press” expression? Or something like “the only thing worse than… …is not being spoken about”? Bad press which leads to a decline in the amount of visitors, resulting in lower revenues and companies all-of-a-sudden having to pay money to search engines to stay afloat? That hurts them more than your vicious Trustpilot one-star fatality, three-post-long thread on Bitcointalk, or even than a negative review on an up-and-coming boutique independent media resource such as DMYF (aka
or a wtf-is-this-design can’t-even-afford-a-domain wordpress-hosted blog-about-some-shit-noone-cares-about)!
*exchange rates are not fixed and are subject to change, often multiple times a day.
charges 0% conversion does not charge a commission for currency conversion, full stop. We only wish…
*Conversion is instant (how important that is is a question one must answer himself).
For the purposes of multi-part in-depth review we decided to compare the exchange rates over the course of few days/weeks. The snapshot of the figures below has been taken early last weekend. The rates will “catch up” in the following articles.
Having a feel-good stare at a multi-thousand Coinpot Token balance is nice and cozy. However, should one need immediate access to funds, for whatever reason, a natural question is: what can I get for my Tokens now? What is the Coinpot Token’s actual value today?
NOTE: The asset’s liquidity should always be taken into consideration. Within hours, even a thousand or two Coinpot Tokens can be in any wallet their holder wishes them to be, performing whichever function their holder wishes them to perform.
Downsides? Potential for impulsive decision-making leading to erroneous choices, “quick” usually means “expensive” etc.
Upsides? Opportunities too good to miss, premonitions, etc.
Should you have chosen to think of your Coinpot Tokens’ current value…
…in Bitcoin: CT to BTC conversion rate was 0.0000000135. 100 Coinpot Tokens converted to 0.00000135฿.
…in Bitcoin Cash: CT to BCH conversion rate: was 0.0000001380. 100 Coinpot Tokens converted to 0.00001380 BCH.
…in Dogecoin CT to DOGE conversion rate was 0.0341752587. 100 Coinpot Tokens converted to 3.41933771 Dogecoin. (!!!)
…in Litecoin. CT to LTC conversion rate was 0.0000012920. The LTC value of 100 CT would be 0.00012928 Litoshi.
…in DASH. CT to DASH conversion rate: was 0.0000004724. 100 Coinpot Tokens could have been converted to 0.0000004724 Duffs.
Ignoring the highlighted Doge, what would you convert your 100 Tokens to, given the exchange rates?..
We believe we discussed the difference between “price”, “value”, “marker value”, “perceived value”, “potential value”, the factors such as consumer trust ratings, liquidity, predictability and real-life utility in relation to the Token in the past.
If we have not, please comment and let us know.
If we have missed something, please comment and let us know.
If you spot a mistake/typo, factual error, please comment and let us know.
If you have a Nobel Prize for Economics, please comment and let us know, – we would like to ask for your autograph. And ask a question or two (hundreds).
In a nutshell, a Coinpot Token’s actual worth is determined not only by a supply and demand, the quality of both supply and demand, but also by such trivialities as the future of Coinpot, the perceived future of Coinpot, whether any future plans exist, conversion rates, liquidity and performance of all five currencies featured on Coinpot, transaction time, fluid things such as market sentiment, state of cryptocurrency market at present, etc. News, fake news, interpretation of news, degree of stupidity of
CNBC those reporting the news… You name it.
I. e. Some second rate random exchange no one ever heard or cared about gets hacked, millions of some random crypto no one ever cared about get stolen, this hits the news?.. Bad. Some crypto is still traded on Binance while its creators are already in handcuffs for fraud?.. (this is why DMYF hates cryptocurrency scammers with a passion). Bad. Public fails to realise that Google’s “ban” on advertising ICO’s is good? Bad.
In any case.
I. e. you purchase X Satoshi for Y Coinpot Tokens today. Yet, a
little birdreliable market indicator signals that whereas TODAY one Bitcoin could be both purchased and sold on a variety of an open markets, taking into consideration all possible fees for circa $6678 USD, tomorrow the BTC/USD pair will trade at around $8500.
Question: if you can somehow quantify the statistical probability of the price hike, how does that affect an estimate of what a Coinpot Token is worth relative to fiat* TODAY?
The question is hypothetical.
What is a Coinpot Token worth in fiat? Do the array of calculations of selling the Tokens, withdrawing the crypto of your choice, selling it for fiat, fees, fees, fees.
What a Coinpot Token’s price in fiat is also heavily determined by having a plan; not only what is the best crypto to convert the Token to and the most expensive to sell for.
That, and more will be covered in the next part of our Coinpot-related set of articles.
Have a great weekend!
Binance ahead of competition
Today, the Hong-Kong-based exchange maintains its no.1 position with 24-hour trade volume of $1.6 (!) bil USD.
Yesterday, Binance ltook lead the trade volume Coinmarketcap chart with over 1,3bil USD worth of trades.
Cryptopia delists the DOGE/LTC trading pair.
Sadly, one can no longer trade DOGE/LTC on one of our favourite exchanges. The news aren’t significant at all; it is merely a reminder to always keep track of your exchanges’ news. It might save you a lot of money.
DOGE/LTC is traded anywhere and everywhere. For small quantities, we recommend CoinExchange as an alternative.