[UNRESPONSIVE POOL OPERATOR] 50BTC.com

[Meyblaubaer]

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

[zero9119]

the site is down again.

[modcom]

I have no problem accessing it

[zero9119]

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

[lunokhod]

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. 

[Bitconian]

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

[Keninishna]

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

[Senti]

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]

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

[3ds]

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

[Trillium]

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.

[tarmi]

How long should we wait before calling this a scam?

[Meyblaubaer]

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...

[forzendiablo]

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]

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

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

[Phonetic]

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

[btchellas]

anyone paid since october ?

[3ds]

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???

[Meyblaubaer]

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...

[3ds]

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: