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Author Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com  (Read 240595 times)
Meyblaubaer
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November 17, 2013, 12:27:42 PM
 #1061

Meanwhile I think this was it with 50btc and our earned btc. No replies till now..

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zero9119
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November 17, 2013, 08:55:21 PM
 #1062

the site is down again.

Doge:D5k85QmrYzY9D7K2u5P4bQvXkG3pubLECG
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modcom
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November 17, 2013, 09:55:39 PM
 #1063

I have no problem accessing it

zero9119
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November 17, 2013, 10:15:38 PM
 #1064

That's weird, tried with ff, chrome and opera and i am still getting the "502 bad gateway", maybe its just me.

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lunokhod
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November 18, 2013, 06:13:42 PM
 #1065

I'm sad about the lack of communication.

I had around 2.5 BTC mined in the 50btc pool before the trouble started... and I really doubt I am ever going to see it.  Embarrassed

Bitconian
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November 18, 2013, 07:22:54 PM
 #1066

I started a new topic because I didn't realize you guys were talking about the DDoS attack.... sorry, my bad.

Adding to this topic: I'm the same as you guys here....still 11 btc "in process"....still waiting Sad

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Keninishna
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November 19, 2013, 01:34:27 AM
 #1067

Unless they can get the balances straightened out I doubt we will ever see any btc. I can always hope they do payout...

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November 19, 2013, 02:52:25 AM
 #1068

I hope they'll come back. As I've read they had some problems in the past and made it through that. The hypothesis that they might be the ones that stole all of users' bitcoins is dumb imo. Why would they undermine their venture that was giving them basically free money. If they come back without covering the losses I doubt that they'll get even 10% of the market share they had before the attack. I'm in btc for the long term so I'm ok with them taking time to fix this. Lack of communication doesn't do any good though. I've made a shitload of mistakes with my btc, leaving anything on the pool I wasn't even mining on anymore (dropped out at the end of gpu era) was one of them. I didn't have that much left on 50BTC but with today's prices the amount in $ is getting bigger and bigger and certainly it isn't a sum that I can forget.
Trillium
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November 19, 2013, 02:42:56 PM
 #1069

Think I might had a tenth of BTC or two there from really early mining days. Not sure though. I tried to withdraw the balance they claimed I had but it seemed iffy. And of course, I got the generic errors you guys were talking about. It'd be cool if they get the site working and have enough BTC to payout everyone, I remember when Ozcoin was hacked and graet paid out something like 700 BTC with his own funds Undecided

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3ds
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November 19, 2013, 03:15:07 PM
 #1070

If they don't have enough BTC they can use the pool fee to paid the debt...

Mining Hardware? -> cex.io
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November 19, 2013, 03:48:20 PM
 #1071

If they don't have enough BTC they can use the pool fee to paid the debt...

But things have changed over time: it's much harder to mine coin now. Unless they were taking substantial quantities of BTC offline for storage in the early days of running the pool, then they will no longer be able take a small % as fees to pay back those early miners.

For example, with the recent huge price hike in the market, a lot of old miners like me are logging in to look for old fractions of coins that were 'not worried about' in the past. If 500 users log in to find a total of 20 BTC of mined coins from 2011-2012 (not an unlikely example) then that's $13820 at current market rate the pool operators need to cough up or wait for fees to trickle in. Even if they had 1000's of TH/s of miners, it'd still take a long time for fees of a few % to recover that.

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tarmi
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November 19, 2013, 03:52:36 PM
 #1072

How long should we wait before calling this a scam?

Meyblaubaer
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November 19, 2013, 04:09:07 PM
 #1073

Has anyone informations about who the owner of 50btc is?

I'm got 71 BTC there, 8 were already Stolen... If there would be no informations i thinking about to Take a lawyer... Were Talking about 34.000 €... Money That ive already earned for my work...

A small Tip is welcome everytime Wink
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forzendiablo
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November 19, 2013, 05:41:14 PM
 #1074

seems scam. they still mine, but dont payoff to people.
propably they bought HW for half coisn stolen and now mien themselves + let people join their pool to get their coins..

seems like it.

Silv0r
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November 19, 2013, 07:12:10 PM
 #1075

Waiting for E-Mail / Support response since 8 over 4 weeks now Sad

I've got over 2 BTC in my account.. Not that "much" but damn. Much money that is *puffed* away... Sad

Phonetic
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November 19, 2013, 09:58:56 PM
 #1076

I'm in the same boat. Payout stuck at "In process".

Scrypt Pools had many problems and many coins were lost due to multiple payout problems. I was in over my head the moment the pool went past 500 mh/s. I did my best to keep it running but I failed. I'm embarassed and truly sorry. I will find a way to get enough doges to process the rest of the payouts and reinstate my credibility.
btchellas
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November 20, 2013, 09:37:41 AM
 #1077

anyone paid since october ?
3ds
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November 20, 2013, 09:41:11 AM
 #1078

If they don't have enough BTC they can use the pool fee to paid the debt...

But things have changed over time: it's much harder to mine coin now. Unless they were taking substantial quantities of BTC offline for storage in the early days of running the pool, then they will no longer be able take a small % as fees to pay back those early miners.

For example, with the recent huge price hike in the market, a lot of old miners like me are logging in to look for old fractions of coins that were 'not worried about' in the past. If 500 users log in to find a total of 20 BTC of mined coins from 2011-2012 (not an unlikely example) then that's $13820 at current market rate the pool operators need to cough up or wait for fees to trickle in. Even if they had 1000's of TH/s of miners, it'd still take a long time for fees of a few % to recover that.
You are right. But IMHO that's the only solution if the BTC is really away... The question is, are they really away???

Mining Hardware? -> cex.io
Trade over 60 different types of cryptocurrencies -> cryptsy.com
Meyblaubaer
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November 20, 2013, 10:24:25 AM
 #1079

i don*t think that all funds are away. I think only a part were stolen, but i also think they got an reserve for that case. But without communication or new informations they would die. Many bitcoins are away, and i doubt they will never come back and we get nothing... All the Mhas/s and GHASH/s that we spend was for nothing...

A small Tip is welcome everytime Wink
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3ds
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November 20, 2013, 10:34:41 AM
 #1080

But without communication or new informations they would die.
I agree.


Last post from "50BTC.com" member here is:
50BTC is alive and will get back fast and stable as a hell in next few weeks.

Stay tuned!
A few weeks are long gone...


"Hash power" today:

Mining Hardware? -> cex.io
Trade over 60 different types of cryptocurrencies -> cryptsy.com
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