[UNRESPONSIVE POOL OPERATOR] 50BTC.com

[Meyblaubaer]

You can only open it via Brute-Force Attack. But it would take a very long time to encrypt the rar archive...

[spindoctaa]

I think we should see how things pan out in the next couple of weeks tops.

For now I think we should start compiling our actual owed shares up until when we stopped mining. If anyone knows the PPS rates going back to Jan this year then we can calculate how much we should have earned and deduct any outgoings, put it in a Google Drive excel, once we have this honest file, then we can move further forwards, lets not run about like headless chickens, we've all lost out.

If we agree on some aims to achieve as well and people who are bothered about losing out with skills that can be used.

I think we should do this if the worst case scenario is actually happening, then we know we don't have to go on thinking about what we could have had??

[organofcorti]

I think we should see how things pan out in the next couple of weeks tops.

For now I think we should start compiling our actual owed shares up until when we stopped mining. If anyone knows the PPS rates going back to Jan this year then we can calculate how much we should have earned  ...

PPS rates are 1/network difficulty per difficulty 1 share, or equivalently x/network difficulty per difficulty x share. You can get the find the network difficulty and the dates network difficulty changed here: http://blockexplorer.com/q/nethash

(This doesn't take into account 50BTC's rounding of PPS rates, but it's what they should be).

[RileyN]

Well, I don't know about you guys but shares number in my account is messed up and it has been ever since the "hack". Or did you mean you have logs for that period?

[spindoctaa]

Well, I don't know about you guys but shares number in my account is messed up and it has been ever since the "hack". Or did you mean you have logs for that period?

well logs, and if possible your shares etc from them

[Meyblaubaer]

Sorry, i only Understand "Train-Station" in what you have planned or going to do.

[spindoctaa]

Sorry, i only Understand "Train-Station" in what you have planned or going to do.

I don't get that at all dude?


What i'm thinking is if we are able to get our shares that we are owed by calculating them from logs

The addresses people have sent their bitcoins from and then the bitcoins that have been paid out showing in the blockchain to those addresses or if not to 50btc which is then split. If we are able to actually work this information out then we have some sort of information to move further with. I don't think 50BTC had any problem with their shares or what is actually in peoples accounts, based on what I have found so far it may actually be that, that amount in each persons account is actually what they are owed.

I have had it where one or two pools that I have used have paid me a share rate lower than my actual hashrate and lower than my actual gpu rate where the submitted and accepted shares the pool is telling are lower than what my miner is saying, that is even after leaving it for a week or two and it still has not been paid out, so I changed to more legitimate pools whch are actually telling me my exact hashrate and paying out the shares I should have been receiving

[Meyblaubaer]

So would you create the public Google Spreadsheet?


Edit: The Exchange-Rates Tab on their Website is not updating since 2-3 days, also the Hashrates are not Updating anymore.

Edit 2: I only understand "train-station" is a german saying for "i don't understand anything". It's like "My English is not the yellow from the egg" (from a german politican) what means "my english is not good at all".

[FanEagle]

I want my money! Give me my money!

[Pivo]

I want my money! Give me my money!

I am the great cornholio i need my money! Give me my money!!!  

http://www.youtube.com/watch?v=7fdIEHpPIro&noredirect=1

[spindoctaa]

I think I have uncovered a big wormhole

[Meyblaubaer]

I think I have uncovered a big wormhole

Why? and what you mean with this?

[spindoctaa]

I've found out a lot of information about the pool owner and its associates and think there is also an even bigger scam going on to people who don't even know about bitcoin mining

[ak47eu]

if you find something, just share with all of us pls!

[matt4054]

Wouldn't a scam pool set fees to 0% or very low, but not 3%, to attract more people into its scam?

It doesn't really make sense to me. But there are so many things that don't make sense in BTC world... *sigh*

[modcom]

Their website is off-line, This could be the end......

[arklan]

Their website is off-line, This could be the end......

Worked fine on my end.

[eleuthria]

Wouldn't a scam pool set fees to 0% or very low, but not 3%, to attract more people into its scam?

It doesn't really make sense to me. But there are so many things that don't make sense in BTC world... *sigh*

3% PPS was absurdly low (VERY high chance of bankruptcy).  Additionally, it's highly unlikely the pool was started to be a scam.  Far more likely is they were using user funds as a form fractional reserve banking and selling coins that they owed to users under the assumption that a lot of old account balances were abandoned/only a certain % of funds would ever be withdrawn in rapid succession.  Then the rally hit, and as any long time pool owner knows, withdrawal frequency goes absolutely nuts during an all-time high rally and they couldn't pay their debts due to selling the coins early.

[spindoctaa]

Wouldn't a scam pool set fees to 0% or very low, but not 3%, to attract more people into its scam?

It doesn't really make sense to me. But there are so many things that don't make sense in BTC world... *sigh*

3% PPS was absurdly low (VERY high chance of bankruptcy).  Additionally, it's highly unlikely the pool was started to be a scam.  Far more likely is they were using user funds as a form fractional reserve banking and selling coins that they owed to users under the assumption that a lot of old account balances were abandoned/only a certain % of funds would ever be withdrawn in rapid succession.  Then the rally hit, and as any long time pool owner knows, withdrawal frequency goes absolutely nuts during an all-time high rally and they couldn't pay their debts due to selling the coins early.

Getting the NCA involved in this

[DeluxBoy]

They seem to have updated the site now and balances are set to 0.
But I payouts in process, I want those back, at least partially.