the http://xbtcontracts.org server will experience some downtime for maintenance within the next 24 hrs of this post.
Normal operations will resume there after.

Site will be down for 5 mins for maintenance - thank you for your patience

Yes. It is fixed. http://xbtcontracts.org

Sorry I had to disable log in for a few hours. http://xbtcontracts.org was attacked by a malicious user. The attacker affected his own row in the database to increase his balance to several thousand bitcoins in an effort to trigger payouts. I disabled log ins and new registrations until the flaw was found and fixed. Payouts are always performed manually for security.

Once the exploit was repaired I restored the website from backup. Log in and registration are now enabled.
Regular off site back ups of the website and all user data are made regularly so that in the event of an attack such as this one the website can be restored as it has.

Also I would like to announce that I have added a new feature. Now when you refer a new user, http://xbtcontracts.org will show you their http referrer on your referrals page. This will help you to see where your sign ups are coming from and in turn help you to build more successful referral campaigns.

EDIT : one more thing to fix - log in will be enabled once I have made the fix and i will remove this edit. FIXED.

a deposit of 0.03 on contract 5 will allow you to withdraw the minimum of 0.01 at the end of the contract.

There are people signing up every day. I am advertising through all the main Bitcoin sites and advertising networks including a-ads coinurl adbitco bitvisitor btcclicks btcjam coinad visitbit and many many more. http://xbtcontracts.org

OK i have simplified and streamlined the referral system I have made it more generous and I have opened it up to every one.
Earn 5% referral commissions at http://xbtcontracts.org

yes that is your ref link
i am advertising the site my self on various websites and networks and now members can advertise the site using the new referral system and receive the bonus.
If i implement any other ideas in the future i will post about it here first just like i did today with the new referral system.
If you dont want to advertise the site until your first payment is recieved that is fine by me. The only person missing out will be you. I have made many payments to existing members already.

OK i have implemented a referral system.

http://xbtcontracts.org/referrals.php
(you must be logged in to view!) I will be finalizing the copy for this on the website over the next day or two, but the referral system is tested and working and any referrals you get going forward from this point will be counted.

All good ideas thanks.
I will consider them going forward.
I am also considering a referral competition.
If I do put any of these ideas in place I will announce it here.

Not the FAQ page - the rules and terms page lays it all out. I agree the wording with total contracts is a bit confusing - i have now changed "total contracts" to "total levels" to make the wording clearer, also I will give you an example here....

A) Members Level = Total amount a single member has invested into their account. Obtained by either depositing BTC and/or reinvesting dividends.
B) Contracts = each contract is numbered N+1 where N is the number of the previous contract. Each Contract has a value in BTC equal to its number.
This amount is built up from new deposits and re investments from current members until all investments equal the value.
C) Total Levels = Total amount of all current members levels.
D) Dividend = Amount of BTC offered to members to withdraw or reinvest when each contract completes.

the formula used to pay members is
( Members Level ) 'multiplied by' ( Contract 'divided by' Total Levels ) = ( Dividend )
OR
D = A * (B / C)

here is example, we are on contract 5 now so if you deposit 1 BTC your level will be 1 and your payout will be calculated like so...

( Members Level ) 'multiplied by' ( Contract 'divided by' Total Levels )
in numbers this looks like....
1  x  (5 / 15) = 0.33333333 <--this is your dividend and it will be paid to you when the contract 5 is filled.

further more if you reinvest all of your payment your next payment will be even larger
if you reinvest half and withdraw half then your payout from the next contract will stay the same
if you withdraw all your payment your next payment will be smaller

I hope this helps to make things a bit clearer for you.

EDIT: I will be advertising the website a lot harder in the future,
but at the moment my funds are very limited as I have paid out of my own pocket to restore old users accounts.
also i would look into advertising on the forum but if the bids go as high as they are at the moment (1 @ 2.95) you can count me out!!! that is rip off price for what is sold!!!

Hello everyone my name is harry and I am the new/current owner of http://xbtcontracts.org I have read this thread and feel I should make a statement so here it is...

I was an early investor into the old btcontracts before the data loss occurred. The host lost all the data when they inadvertently reloaded the wrong server.
Here is the support thread between the original owner and his support http://imgur.com/VOANlke As you can see from the thread the server host accepts the fault of wiping the data accidentally, and even went so far as to fire someone over the issue when it was discovered that the data could not be recovered.

Pretty much as soon as the website went down I was contacted by the original owner who I had emailed before I invested, he was in a very big panic after having all the data wiped off of the server. I was in contact with him for the next few days whilst his host tried to recover the data. After it became clear that the data could not be recovered the original owner stated to me that he just wanted out of the whole failed situation. I offered to buy his script from him so that he may pay his now due rent and so that I may be able to recoup some of my losses. He sold me the btcontracts script and I relaunched it on the new domain http://xbtcontracts.org

I have been contacted by many previous investors asking me to refund them or restore their accounts. I have done all I can afford to do regarding this issue. I am not liable for the previous investors losses however where I can I have actually made people whole again on their accounts.

I would like to say that although the previous owner blames the host for the data loss and even though the host does admit the mistake I feel that the previous owner was also at fault, because I think he should have been making back up of all critical data. also I found a few small mistakes in the script which I have now fixed. Needless to say now the site is under my operation, off site back ups are made every 24hrs. This means that even if our host was to turn rouge and shut down or wipe our server, I will still have a recent copy of all data and that can be restored on a new server at any time.

I can tell you that http://xbtcontracts.org is no scam and is not going away. We have never scammed anyone and we never will.  We are completely transparent with the mathematical model we use to calculate dividends laid out clearly on our terms and rules page!

As time passes people will see that http://xbtcontracts.org pay on time, every time. as the next contracts are completed you will all see that XBT is in for the long haul! Everyday I am actively developing new features for the site and finding other ways to improve it! if you have any suggestions please submit them to our contacts page.

I am advertising the site every day but a lot of my capital was spent restoring accounts so that is why there has been a slowdown it will pick up again soon.
Also to answer your question about how earnings are gained, All contracts are built up from new deposits from new members and reinvestments from old members.
when a contract is completed the the btc from that contract is shared between all members according to their level.
You can choose how much of each dividend you would like to withdraw and how much you would like to reinvest to raise your level even higher.

A full explanation can be found on our rules and terms page here http://xbtcontracts.org/terms.php

0% withdrawal fees until contract 15!!! get in now!!!

thanks
Harry

I am advertising the site every day but a lot of my capital was spent restoring accounts so that is why there has been a slowdown it will pick up again soon.
Also to answer your question about how earnings are gained, All contracts are built up from new deposits from new members and reinvestments from old members.
when a contract is completed the the btc from that contract is shared between all members according to their level.
You can choose how much of each dividend you would like to withdraw and how much you would like to reinvest to raise your level even higher.

A full explanation can be found on our rules and terms page here http://xbtcontracts.org/terms.php

0% withdrawal fees until contract 15!!! get in now!!!

Hello everyone my name is harry and I am the new/current owner of http://xbtcontracts.org I have read this thread and feel I should make a statement so here it is...

I was an early investor into the old btcontracts before the data loss occurred. The host lost all the data when they inadvertently reloaded the wrong server.
Here is the support thread between the original owner and his support http://imgur.com/VOANlke As you can see from the thread the server host accepts the fault of wiping the data accidentally, and even went so far as to fire someone over the issue when it was discovered that the data could not be recovered.

Pretty much as soon as the website went down I was contacted by the original owner who I had emailed before I invested, he was in a very big panic after having all the data wiped off of the server. I was in contact with him for the next few days whilst his host tried to recover the data. After it became clear that the data could not be recovered the original owner stated to me that he just wanted out of the whole failed situation. I offered to buy his script from him so that he may pay his now due rent and so that I may be able to recoup some of my losses. He sold me the btcontracts script and I relaunched it on the new domain http://xbtcontracts.org

I have been contacted by many previous investors asking me to refund them or restore their accounts. I have done all I can afford to do regarding this issue. I am not liable for the previous investors losses however where I can I have actually made people whole again on their accounts.

I would like to say that although the previous owner blames the host for the data loss and even though the host does admit the mistake I feel that the previous owner was also at fault, because I think he should have been making back up of all critical data. also I found a few small mistakes in the script which I have now fixed. Needless to say now the site is under my operation, off site back ups are made every 24hrs. This means that even if our host was to turn rouge and shut down or wipe our server, I will still have a recent copy of all data and that can be restored on a new server at any time.

I hope this makes things a little clearer for people and also people in this thread who were screaming scam before they even tried to contact me directly - yes boumalo I mean you. Posting that the site was a scam before you even attempt to contact me even just once after I bought the script and got it back up. it was obviously a mistake. Had you of even contacted me once then perhaps all your negative comments in this thread may never have been posted - I'm sure the negative comments don't help at the very least.

To all those others shouting scam I can tell you that http://xbtcontracts.org is no scam and is not going away. your accusations are clearly false as we have never scammed anyone and we never will.  We are completely transparent with the mathematical model we use to calculate dividends laid out clearly on our terms and rules page!

As time passes people will see that http://xbtcontracts.org pay on time, every time. as the next contracts are completed you will all see that XBT is in for the long haul! Everyday I am actively developing new features for the site and finding other ways to improve it! if you have any suggestions please submit them to our contacts page.

thanks
Harry