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Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 16. (Read 470088 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
December 02, 2013, 06:45:28 PM
Any updates? Thanks



EDIT: TIL "cold" wallets are sometimes connected to the internet.   Cry
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
December 02, 2013, 04:33:50 PM
Any updates? Thanks
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
November 30, 2013, 08:39:49 PM
you gotta be kidding me!
no encrypted wallet? no cold storage?
i hope the individual dividends were safe?!?
If not tytus can pay me back in his stock.

i tired of loosing coins because of amateurs
and paying for their unprofessionality.

maybe you should pay out the dividends to external
shareholder-addresses directly, daily. then you can continue the
amateur-hour.


DERP!  WE ACCIDENTALLY ALL THE BITCONES!!! DERP!

full member
Activity: 210
Merit: 100
November 30, 2013, 07:36:08 PM
...
Don't really understand all the user comments posted here too. I guess it's a mix of not being able to read and trolling. Tytus said they would reimburse everything so what is the problem?

The problem is so did Ukyo.  And TradeFortress. 
Does this help?
member
Activity: 76
Merit: 10
November 30, 2013, 06:43:19 PM
you gotta be kidding me!
no encrypted wallet? no cold storage?
(...)

The art of reading with understanding is rare lately.

PicoStocks is down for a while and will remain like this for sure over the weekend.
Funds from our hot wallet and cold wallet account have been stolen
(...)
There is no sign of an intrusion into the systems. Both wallets were located on different computers. We suspect that these have been copied by people who had access to the system in the past and decrypted.

This is of course a serious loss for the company, but we expect no losses for the users. the funds collected on user account will be returned.
We will have to create a new hot wallet and we will change all PicoStocks addresses for all users, but the rest will remain as it was. We will open the system when we have positively reviewed the security and collected the funds for the users :-( Maybe in 1 week from now :-(

Don't really understand all the user comments posted here too. I guess it's a mix of not being able to read and trolling. Tytus said they would reimburse everything so what is the problem?
hero member
Activity: 924
Merit: 1000
November 30, 2013, 03:46:47 PM
Ok...why the hell would you only have 1 wallet for cold storage?

If your cold and hot wallet became decrypted, then I am assuming you had the same password for both wallets?  Why only 2 wallets?

If you are running a mine in the Th/s realm, let alone hundreds of TH/s then you should not be sharing your cold wallet.  Secondly you should have balances on multiple encrypted cold wallets.

This raises some serious issues on who is responsible.
hero member
Activity: 816
Merit: 1000
November 30, 2013, 01:36:10 PM
I have a *very* hard time believing Tytus and co. would scam their investors like this.  AFAIK this is the only mine of it's kind in the US, also in a relatively public location.  

TF didn't have half a million dollars of mining equipment to worry about after running off with the BTC.
RHA
sr. member
Activity: 392
Merit: 250
November 30, 2013, 01:28:39 PM
you gotta be kidding me!
no encrypted wallet? no cold storage?
(...)

The art of reading with understanding is rare lately.

PicoStocks is down for a while and will remain like this for sure over the weekend.
Funds from our hot wallet and cold wallet account have been stolen
(...)
There is no sign of an intrusion into the systems. Both wallets were located on different computers. We suspect that these have been copied by people who had access to the system in the past and decrypted.

This is of course a serious loss for the company, but we expect no losses for the users. the funds collected on user account will be returned.
We will have to create a new hot wallet and we will change all PicoStocks addresses for all users, but the rest will remain as it was. We will open the system when we have positively reviewed the security and collected the funds for the users :-( Maybe in 1 week from now :-(
full member
Activity: 210
Merit: 100
November 30, 2013, 11:33:32 AM
Already been done to death, see inputs.io.
+0 for creativity Angry
newbie
Activity: 56
Merit: 0
November 30, 2013, 09:46:41 AM
you gotta be kidding me!
no encrypted wallet? no cold storage?
i hope the individual dividends were safe?!?
If not tytus can pay me back in his stock.

i tired of loosing coins because of amateurs
and paying for their unprofessionality.

maybe you should pay out the dividends to external
shareholder-addresses directly, daily. then you can continue the
amateur-hour.



 
donator
Activity: 1731
Merit: 1008
November 30, 2013, 08:46:15 AM
I got ~90 BTC in there, anyone interested in joining recovery effort PM me.
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
November 30, 2013, 07:56:03 AM
How could both the wallets have been decrypted simultaneously. Was the password same / similar on both? Something smells fishy here.
hero member
Activity: 631
Merit: 500
November 30, 2013, 01:20:47 AM
I still see block payments coming into 19t7RxwXdfiwQMyQ3JVB16e9HgV7omijSs. Presumably, the thief has the key to this address, so we should be mining to a new dividend address.

Dave/Tytus, can you make sure that all mining income is being diverted to the new dividend address? Also, please post the address of the new dividend address.

I feel bad for your loss...hope you guys can bounce back from it.
hero member
Activity: 631
Merit: 500
November 29, 2013, 10:47:51 PM
Insider job? Time to get authorities involved. Either that or some muscle.
hero member
Activity: 843
Merit: 1001
November 29, 2013, 09:04:17 PM
faint, what is exactly going on??
member
Activity: 76
Merit: 10
To be or to have
November 29, 2013, 08:40:45 PM
PicoStocks is down for a while and will remain like this for sure over the weekend.
Funds from our hot wallet and cold wallet account have been stolen

http://blockchain.info/address/1NzM1bdTKuK9z3pQUCc1raXPezYUenSNWj
http://blockchain.info/address/12RAM7r4EraZ5ESU5QJwe8sS3gj3YYEgpF

There is no sign of an intrusion into the systems. Both wallets were located on different computers. We suspect that these have been copied by people who had access to the system in the past and decrypted.

This is of course a serious loss for the company, but we expect no losses for the users. the funds collected on user account will be returned.
We will have to create a new hot wallet and we will change all PicoStocks addresses for all users, but the rest will remain as it was. We will open the system when we have positively reviewed the security and collected the funds for the users :-( Maybe in 1 week from now :-(
legendary
Activity: 1029
Merit: 1000
November 28, 2013, 05:26:51 AM
Price @ cex.io .069/GH
@ pico .079/GH
So no, not cheaper. At cex spread is small, at pico is huge, so if you want to sell quickly you lose big amount of BTC.
vip
Activity: 472
Merit: 250
November 28, 2013, 12:42:31 AM
330TH today - Happy Thanksgiving!

[Don't forget Niko's 50TH makes 380TH]
vip
Activity: 472
Merit: 250
November 27, 2013, 04:03:21 PM
so this mine did turn into an infinite add hashrate mine.

No definitely not, but we are trying to deliver a good value.  We should be cheaper than cex.io at this point.
hero member
Activity: 631
Merit: 500
November 27, 2013, 01:04:24 PM
so this mine did turn into an infinite add hashrate mine.

no one has said that.
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