[UNRESPONSIVE POOL OPERATOR] 50BTC.com

[BitMinerN8]

Do my calculations and check out my old account information. I am entitled to way more than 7 bitcoins which is all I'm asking. I am providing 40-50gh at the moment on your pool just to support you.

Mike61704@gmail.com
Mike@mdcomputers.com

Unless they implement PPLNS or some other payout strategy, with you mining at 50BTC you are asking them to support YOU. I'm sure you have the best intentions in trying to help, but PPS is unsustainable at low pool hash rates, especially if the pool never solves any blocks. The pool would have to get back to the several Petahash range to be viable at this point as you need lots of miners to solve blocks at >1 Billion Diff. This is the catch 22 for any new pool starting, which they essential are with their so called phoenix project. Maybe if the pool has super deep pockets and wants to attract miners by giving away BTC for a long period of time with PPS. It's really a trust issue, they have not made good on what is owed to the miners before the "security issue". They've burned so many so why would miners come back? The more people that mine here before they make good on payouts are just rewarding bad behavior.

[1713879351]

1713879351

[1713879351]

1713879351

[Sitarow]

A lot of you might want to think carefully about whether those really are double-digit numbers of bitcoins the site claims you had.

As others have pointed out, the database on their site is corrupted, and some say 10000x figures are being shown.

Unless you were mining in late 2010 or early 2011 in a quite serious manner, or mining more recently with extremely huge mining rig arrays, then I don't see how you'd even have 10 BTC. And if you were leaving so much BTC on a pool well that is just bad practice. IIRC this pool encourage / had enabled by default autopayouts. So you are kind of to blame if you were using it like a bank and actually did have whole integer values of coins on the site...

To know exactly what people had on their account is a task that can be done. Some like myself may have a snapshot of the date before the "database" issue.

However for those that kept mining after the fact may be a little bit more difficult but not impossible.

For those coming here and publicly claiming that the corrupted total btc balance is correct and their claim proves false then those people are at risk of being prosecuted for fraud.

Remember that the account shares and stats were not compromised, only the account balance.

Knowing what each account balance is possible.

[arklan]

Yea, no way did I mine 40 Btc worth... I'm  just going to get the 0.05 or so I'm owed.

[Exidous]

Do my calculations and check out my old account information. I am entitled to way more than 7 bitcoins which is all I'm asking. I am providing 40-50gh at the moment on your pool just to support you.

Mike61704@gmail.com
Mike@mdcomputers.com

Unless they implement PPLNS or some other payout strategy, with you mining at 50BTC you are asking them to support YOU. I'm sure you have the best intentions in trying to help, but PPS is unsustainable at low pool hash rates, especially if the pool never solves any blocks. The pool would have to get back to the several Petahash range to be viable at this point as you need lots of miners to solve blocks at >1 Billion Diff. This is the catch 22 for any new pool starting, which they essential are with their so called phoenix project. Maybe if the pool has super deep pockets and wants to attract miners by giving away BTC for a long period of time with PPS. It's really a trust issue, they have not made good on what is owed to the miners before the "security issue". They've burned so many so why would miners come back? The more people that mine here before they make good on payouts are just rewarding bad behavior.

supporting in them in the sense that the will do good. im miming to show faith that they will payback something and to reestablish the trust in the community. Call me dumb, but hey im just a nice guy that way. im getting current payouts now at the lowest threshold. if i don't get a payout in the future, then im gone, everyone deserves a second chance.

if coming back and mining at their pool increases my chances of getting my 7 bitcoins im asking (not the 26 that showed on my account), why wouldn't I?

[jddebug]

Do my calculations and check out my old account information. I am entitled to way more than 7 bitcoins which is all I'm asking. I am providing 40-50gh at the moment on your pool just to support you.

Mike61704@gmail.com
Mike@mdcomputers.com

Unless they implement PPLNS or some other payout strategy, with you mining at 50BTC you are asking them to support YOU. I'm sure you have the best intentions in trying to help, but PPS is unsustainable at low pool hash rates, especially if the pool never solves any blocks. The pool would have to get back to the several Petahash range to be viable at this point as you need lots of miners to solve blocks at >1 Billion Diff. This is the catch 22 for any new pool starting, which they essential are with their so called phoenix project. Maybe if the pool has super deep pockets and wants to attract miners by giving away BTC for a long period of time with PPS. It's really a trust issue, they have not made good on what is owed to the miners before the "security issue". They've burned so many so why would miners come back? The more people that mine here before they make good on payouts are just rewarding bad behavior.

supporting in them in the sense that the will do good. im miming to show faith that they will payback something and to reestablish the trust in the community. Call me dumb, but hey im just a nice guy that way. im getting current payouts now at the lowest threshold. if i don't get a payout in the future, then im gone, everyone deserves a second chance.

if coming back and mining at their pool increases my chances of getting my 7 bitcoins im asking (not the 26 that showed on my account), why wouldn't I?

Maybe you wouldn't want to lose even more?

[michi]

Wow.

So they just proved/revealed:

-they *DO* have the database records,
-They STILL aren't making good on people's BTC;

...and yet...

People are STILL MINING THERE.

Just wow. So they KNOW we've lost (n) bitcoins, but folks with a reset-to-zero balance is plugging away and figuring they'll make good...

http://en.wikipedia.org/wiki/Stockholm_syndrome

I'll mine there again when the number under "Balance" isn't a big fat blue zero.

[gjpminingco]

OK all I have some News

After some Searching I have found Info about the Owners of 50btc.com


I have the ENTIRE History of the 50BTC.com domain, And i mean I I have it all from Who Originaly Registered it to the Entire IP address history of the sites Hosting and everything.


I will provide this info upon donation to my Recovery fund
This fund is going to be used to get my butt out of the legal trouble that 50btc.com has gotten me into

If you want this Complete Site history PM me with a Donation amount to my recovery fund



If anyone feels generous and would like to help out and donate to help me and my family maybe get a hotel room for the night ( since the problems that 50btc.com caused, Led to me and my family having to live in a tent in the woods, Hell i only have wifi when i go park at the McDonalds and user their WiFi

You can donate to 1CwdHzLAE1PRBze48eimDgX44LJFG1cgPM that is a friends wallet that will give me cash on any donation he gets to that wallet address

thanks all

[bennybong]

OK all I have some News

After some Searching I have found Info about the Owners of 50btc.com


I have the ENTIRE History of the 50BTC.com domain, And i mean I I have it all from Who Originaly Registered it to the Entire IP address history of the sites Hosting and everything.


I will provide this info upon donation to my Recovery fund
This fund is going to be used to get my butt out of the legal trouble that 50btc.com has gotten me into

If you want this Complete Site history PM me with a Donation amount to my recovery fund



If anyone feels generous and would like to help out and donate to help me and my family maybe get a hotel room for the night ( since the problems that 50btc.com caused, Led to me and my family having to live in a tent in the woods, Hell i only have wifi when i go park at the McDonalds and user their WiFi

You can donate to 1CwdHzLAE1PRBze48eimDgX44LJFG1cgPM that is a friends wallet that will give me cash on any donation he gets to that wallet address

thanks all

Cool story bro

[knedle]

Just logged in there and my balance is 0, despite having there some BTCs just few weeks ago.

[BitCoin Operated Boy]

Same problem here.
Since the pool is back to mining all the history of my payout transactions have disappeared.
I had few transactions pending since the error/attack on pool in October.
There were few transactions pending to be processed which has never reached my wallet.
Altogether there was around 2BTC.
I can't check up exact amount as all "payments" info has vanished!

1Mge22NA83mHPj3NET2i8f5qmS51ZVXV3D

[thoughtcourier]

Some Updates:

They are all day long online but not Responding via E-Mail, Skype or Support Ticket. So there will be no possibility to recover the already mined BTC. I think they have been "gone".
So in my opinion this is a scam/fraud pool with a robber as owner.

I get them 48 hours to answer via one channel but nothing happened. I think everyone is a bit pissed now.

What is curious: one week ago skype showed them from russia, not it shows them from swiss. Maybe i will make a journey to them (it only takes 2-4 hours to get there) and talk to them face to face.

I don't like to go to any government, but it looks like the only solution to get something back (even when it is 50 % of what i've mined).
I already talked to a lawyer of the state and he confirmed that what they've done is fraud/robbery (he is a friend).

Hello,

According to information that we have: Your account registration date is 02.16.2013

According to data that you have provided:

On the old system you had 3 workers:

Worker 1: 2 x AMD ATI Radeon 7950 GhZ Edition
Worker 2: 2 x AMD ATI Radeon 7970 GHZ Boost Edition
Worker 3: 6 x FPGA Miner with X6500 Rev 3

Worker 1 estimated speed = 1 Gh/s
Worker 2 estimated speed = 1.2 Gh/s
Worker 3 estimated speed = ~2.3 Gh/s

Sum = 4.5 Gh/s

Estimated speed is calculated based on https://en.bitcoin.it/wiki/Mining_hardware_comparison and http://store.fpgamining.com/products/x6500-rev3

Reward was calculated with http://www.alloscomp.com/bitcoin/calculator reward calculator.

Mining dates     Difficulty      Reward
02/16 - 02/18     3275465      1.4 BTC
02/18 - 03/01      3651012      7.5 BTC
03/01 - 03/14     4367876      7.2 BTC
03/14 - 03/24     4847647      5.3 BTC
03/24 - 04/05     6695826      3.7 BTC
04/05 - 04/17     7673000      3.4 BTC
04/17 - 04/30     8974296      3.1 BTC
04/30 - 05/12     10076293   2.8 BTC
05/12 - 05/25     11187257   2.6 BTC
05/25 - 06/05     12153412   2.1 BTC
06/05 - 06/16     15605633   1.6 BTC
06/16 - 06/29     19339258   1.5 BTC
06/29 - 07/11     21335329   1.25 BTC
07/11 - 07/22     26162876   1 BTC
07/22 - 08/03     31256961   0.86 BTC
08/03 - 08/13     37392766   0.67 BTC
08/13 - 08/24     50810339   0.48 BTC
08/24 - 09/04     65750060   0.34 BTC
09/04 - 09/14     86933018   0.26 BTC
09/14 - 09/25     112628549   0.22 BTC
09/25 - 10/06     148819200   0.16 BTC
10/06 - 10/16     189281249   0.12 BTC

Sum = 47.56 BTC

Thus, obviously based on this data your balance can’t be 71 BTC, as you mentioned, even if you never withdraw your funds and all your workers were mining 24x7 without any downtime.

Currently we’re trying really hard to recover from the attack and develop a new stable and secure system. And instead of this we’re wasting our time on this blackmail.

Regards, 50BTC.com team

Just because this guy lied doesn't mean 50btc isn't running with the money. The first priority should be to restore funds over pool operations. This will bring back trust. It seems to me they don't want the trust. The most plausible explanation is they are stalling so the trail goes cold by pretending to be fixing things in good faith.

I had 1.08 btc on 50btc and this is how I see it.

[ub3rCoin]

Guys if 50BTC are been honest.. And i think they are... the best thing we can do is mine with them so they can earn back the BTC they owe us, and return it..
Think about it seriously... Why would one of the most profitable pools go rogue??? Doesn't make sense..  And still they are in contact..

IMO we need to just give them time and support so they can fix the issues, earn some coin, and hopefully give us the coins back.
But keep in mind if they are legit, it WILL take alot of hard work to calculate everyone's missing BTC..

[Icon]

Guys if 50BTC are been honest.. And i think they are... the best thing we can do is mine with them so they can earn back the BTC they owe us, and return it..

Ok let me see if i got this straight, you want to mine there so they can take the fees from you and then pay you back the btc they owe you? From the btc that you already mined and gave to them to hold for you, so they could hand it right back to you. Is that about right?

[jddebug]

Guys if 50BTC are been honest.. And i think they are... the best thing we can do is mine with them so they can earn back the BTC they owe us, and return it..

Ok let me see if i got this straight, you want to mine there so they can take the fees from you and then pay you back the btc they owe you? From the btc that you already mined and gave to them to hold for you, so they could hand it right back to you. Is that about right?

Well put.

+1

[gjpminingco]

What people are failing to see is that 50BTC has well over 4k+ BTC at their disposal already they dont need our fees to pay us what they owe us how can people be so slow to not catch on to this.




 I have given 50btc.com 24 hours to START MAKING PAYMENTS TO people or i start posting their personal info here on this site

24hours Starts now
12/26/2013 at 21:14:30 PM EST

[ub3rCoin]

Guys if 50BTC are been honest.. And i think they are... the best thing we can do is mine with them so they can earn back the BTC they owe us, and return it..

Ok let me see if i got this straight, you want to mine there so they can take the fees from you and then pay you back the btc they owe you? From the btc that you already mined and gave to them to hold for you, so they could hand it right back to you. Is that about right?

eeeerrrrrrrhhhhh... How else will they earn back they BTC they owe us.
If everyone mines elsewhere then we will never see our coins again..

Also how do we know they have 4000 BTC at hand.. Anyone got any info??

[gjpminingco]

Hmmm If you search this thread you will see that I have posted Addresses that 50btc.com has been getting blocks on and you can see that they still hold coin, and if you search Blockchain.info you will see that blockchain.info shows multiple addresses that they have used to get newly gen'd coins on, they keep moving the coins around to hide the true balance but from what i can figure they have somewhere around 4k coins

[mike2kt]

 I have given 50btc.com 24 hours to START MAKING PAYMENTS TO people or i start posting their personal info here on this site

24hours Starts now
12/26/2013 at 21:14:30 PM EST

Be sure to also publish any information to the Blockchain. 

<<checks popcorn stash>>

[Exidous]

What people are failing to see is that 50BTC has well over 4k+ BTC at their disposal already they dont need our fees to pay us what they owe us how can people be so slow to not catch on to this.




 I have given 50btc.com 24 hours to START MAKING PAYMENTS TO people or i start posting their personal info here on this site

24hours Starts now
12/26/2013 at 21:14:30 PM EST

Got my attorney on speed dial.....waiting

[RileyN]

What people are failing to see is that 50BTC has well over 4k+ BTC at their disposal already they dont need our fees to pay us what they owe us how can people be so slow to not catch on to this.




 I have given 50btc.com 24 hours to START MAKING PAYMENTS TO people or i start posting their personal info here on this site

24hours Starts now
12/26/2013 at 21:14:30 PM EST

So… let me see… you’ve tried to scam us and that didn’t turn out well, now you’re trying to scam them? At least prove that you have some info or this is meaningless


to 50btc: Where is the ASIC shop ? What about my order (I’ve sent you my email in the old system via bitcointalk pm) ? Should I write to bitmine ?

Also, tried to payout 0.01 from the new pool aaaaand… they let me! This sensation… it was unforgettable… 50btc is paying me my funds… simply terrific.