[UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 24.

modcom

full member

Activity: 236

Merit: 100

Quote from: gjpminingco on December 29, 2013, 05:35:47 PM

Hey all I was contacted by a member who wishes to remain anonymous and my issue with the Funds owed to the company i reviewed the miner for has been settled.

they made a payment for me

so that i can get my funds back from the courts, now i am waiting for notice that all charges against me have been dropped and when i can pick up my money that i paid for bail.

Now i just have to try and get up the $380.00 that i owe my landlord in late fees and eviction court costs and he will let me move back in

You are completely Unbelievable

gjpminingco

sr. member

Activity: 350

Merit: 250

Co-Owner Of DCMCo-Op Mining Farm at 3.5 th/s

Hey all I was contacted by a member who wishes to remain anonymous and my issue with the Funds owed to the company i reviewed the miner for has been settled.

they made a payment for me

so that i can get my funds back from the courts, now i am waiting for notice that all charges against me have been dropped and when i can pick up my money that i paid for bail.

Now i just have to try and get up the $380.00 that i owe my landlord in late fees and eviction court costs and he will let me move back in

Meyblaubaer

member

Activity: 112

Merit: 10

Quote from: Exidous on December 29, 2013, 04:00:55 PM

What they should have done was pay back to some of their biggest hashers from the old wallet to establish some trust and to get some blocks solved otherwise this pool will go under if people keep boycotting them. That's what they get for bad management. Looks like I'm going back to btcguild as there won't be any more old funds to keep this pool a float.

They should payback all old people and proof funds (which they already calculated) instead of threaten some people here.
They should talk to their "customers" instead of ignoring support tickets or this site here.

There are so many points which they can make better and earn trust, but with their behavior of an 2 year old child there is no way.

Exidous

full member

Activity: 239

Merit: 100

What they should have done was pay back to some of their biggest hashers from the old wallet to establish some trust and to get some blocks solved otherwise this pool will go under if people keep boycotting them. That's what they get for bad management. Looks like I'm going back to btcguild as there won't be any more old funds to keep this pool a float.

BitMinerN8

hero member

Activity: 626

Merit: 500

Mining since May 2011.

Quote from: Exidous on December 29, 2013, 01:37:47 PM

Since they are not making any blocks right now, all the old bitcoins that were mined before, are currently being payed to current miners on their pool. Once those funds run out, I'm guessing they will implement PPLNS so they will be able to keep paying miners. All your old bitcoins are being payed out to current miners and they have no plans on back pays. Maybe once they become profitable (at some point they will have to raise the fees) then they might pay back. A year from now? Who knows. This is my opinion since the old wallets are currently being payed to current miners (check the block chain) I mine there now and traced back my payment to the old wallet on their account from October.

They should just come out and say this. No point in lashing out to people that made their pool to begin with.

Correct, they solved ZERO blocks last week. (http://organofcorti.blogspot.com/2013/12/december-29th-2013-weekly-pool-and.html) So with such low total pool hash rate and current difficulty (1.18G) the chances of actually solving a block are pretty slim. With a PPS payout strategy they are just paying people out of a fund, not actually making any new BTC by solving blocks. People should not mine here until they resolve the issues with paying prior balances.

Meyblaubaer

member

Activity: 112

Merit: 10

Quote from: Exidous on December 29, 2013, 01:37:47 PM

Since they are not making any blocks right now, all the old bitcoins that were mined before, are currently being payed to current miners on their pool. Once those funds run out, I'm guessing they will implement PPLNS so they will be able to keep paying miners. All your old bitcoins are being payed out to current miners and they have no plans on back pays. Maybe once they become profitable (at some point they will have to raise the fees) then they might pay back. A year from now? Who knows. This is my opinion since the old wallets are currently being payed to current miners (check the block chain) I mine there now and traced back my payment to the old wallet on their account from October.

They should just come out and say this. No point in lashing out to people that made their pool to begin with.

Nice. Thanks for this news.

But it also means, that the old miners never get back their already mined funds. What means ---> fraud

PS: Because i'll pay old bills instead of creating new ones. if you don't pay your bills it is called "Creditfraud".

Exidous

full member

Activity: 239

Merit: 100

Since they are not making any blocks right now, all the old bitcoins that were mined before, are currently being payed to current miners on their pool. Once those funds run out, I'm guessing they will implement PPLNS so they will be able to keep paying miners. All your old bitcoins are being payed out to current miners and they have no plans on back pays. Maybe once they become profitable (at some point they will have to raise the fees) then they might pay back. A year from now? Who knows. This is my opinion since the old wallets are currently being payed to current miners (check the block chain) I mine there now and traced back my payment to the old wallet on their account from October.

They should just come out and say this. No point in lashing out to people that made their pool to begin with.

Meyblaubaer

member

Activity: 112

Merit: 10

Quote from: n00b2013 on December 29, 2013, 05:48:47 AM

Quote from: Meyblaubaer on December 29, 2013, 05:46:46 AM

50btc is paying actually mined funds out, but the old funds, btw the old mined funds are still frozen (or stolen).

ah, well at least that
I guess i can see their conundrum, difficult to decide who to pay if they truly lost all records, my stake is just some cents, so I wont kill-over, but it would still be nice

You can see there: https://bitcointalksearch.org/topic/m.4134228
They already proofed my funds but never payed them out. They publishing my E-Mail Adress (reported to Moderator) or telling lies about my person (also reported to mods).

So their only thing is to threaten people they already scammed. But a payout of the old funds, i really doubt that this will ever happen without the help of governments.

n00b2013

member

Activity: 111

Merit: 10

Quote from: Meyblaubaer on December 29, 2013, 05:46:46 AM

50btc is paying actually mined funds out, but the old funds, btw the old mined funds are still frozen (or stolen).

ah, well at least that
I guess i can see their conundrum, difficult to decide who to pay if they truly lost all records, my stake is just some cents, so I wont kill-over, but it would still be nice

Meyblaubaer

member

Activity: 112

Merit: 10

50btc is paying actually mined funds out, but the old funds, btw the old mined funds are still frozen (or stolen).

n00b2013

member

Activity: 111

Merit: 10

Quote from: gmaxwell on December 29, 2013, 05:24:17 AM

Is 50 BTC paying miners again? Have they generally made good on the funds they owe miners?

I'm asking because someone changed back https://en.bitcoin.it/wiki/Comparison_of_mining_pools so that it no longer says all income is kept by the pool.

as far as I know, no one got paid yet ... which sorta makes the pool useless, whatd be the point in mining at a pool that doest pay ..

gmaxwell

staff

Activity: 4284

Merit: 8808

Is 50 BTC paying miners again? Have they generally made good on the funds they owe miners?

I'm asking because someone changed back https://en.bitcoin.it/wiki/Comparison_of_mining_pools so that it no longer says all income is kept by the pool.

Meyblaubaer

member

Activity: 112

Merit: 10

Last Time they started DGM they got "hacked"...

RileyN

member

Activity: 62

Merit: 10

Quote from: Waters on December 28, 2013, 03:53:21 PM

Quote from: dude is fine on December 28, 2013, 03:40:59 AM

I'm sorry for interrupting but what about the ASIC shop? Is it gone for good?

heard from a friend of mine that bitmine got all orders data and we can sleep tight.

heh, and I heard from a friend of mine that elvis presley is satoshi nakamoto
what about any officials from bitmine? are they in the forum?
also, why not start pool on dgm or pplns like other pools ?

Waters

newbie

Activity: 13

Merit: 0

Quote from: dude is fine on December 28, 2013, 03:40:59 AM

I'm sorry for interrupting but what about the ASIC shop? Is it gone for good?

heard from a friend of mine that bitmine got all orders data and we can sleep tight.

spindoctaa

newbie

Activity: 49

Merit: 0

an elephant never forgets

gjpminingco

sr. member

Activity: 350

Merit: 250

Co-Owner Of DCMCo-Op Mining Farm at 3.5 th/s

Careful spindocta they might claim that you are trying to blackmail them also and report you to bitcointalks abuse team also...........lol

spindoctaa

newbie

Activity: 49

Merit: 0

gjp mining co where did you get that info from? I think it is wrong tbh or is going to be added to all of the info I have on them. They have responded to one of my support requests so far so am waiting on their next response, I have also been in contact with a local government office who have the power to e#calat3 this fu4ther and get inte4pol involved and due to the level and scale of informa5ion I have found and proven to the owners of 50 BTC they are awaren tha5 they cannot mess people around. I'll see what their he"t message says before escalating this further.

michi

newbie

Activity: 45

Merit: 0

Quote from: gjpminingco on December 28, 2013, 07:12:58 AM

Quote from: RileyN on December 28, 2013, 03:11:12 AM

As much as I hate that 50btc are idiots as much i hate fucking liars. 
At least do your freaking math bro, 15-10-13 start of mining 18-10-13 end of mining on 3 th/s.  3 th/s will give you ~5 btc per day -> 3 days*5 = 15 btc.

And I didn't say i was running 3 th/s I said that i was running 3 terrahash miners

50btc.com will just claim that everyone is trying to scam / Blackmail them and / or that no one had any btc in their account so that they can get out having to pay anyone anything

Yeah, actually, that's what I'm starting to think. This huge hack happened when, just luckily, nobody had anything in their account, so no big deal.
I guess this is what they meant about whatever whatever about earning their trust and loyalty.

gjpminingco

sr. member

Activity: 350

Merit: 250

Co-Owner Of DCMCo-Op Mining Farm at 3.5 th/s

Quote from: RileyN on December 28, 2013, 03:11:12 AM

As much as I hate that 50btc are idiots as much i hate fucking liars. 
At least do your freaking math bro, 15-10-13 start of mining 18-10-13 end of mining on 3 th/s.  3 th/s will give you ~5 btc per day -> 3 days*5 = 15 btc.

And I didn't say i was running 3 th/s I said that i was running 3 terrahash miners

50btc.com will just claim that everyone is trying to scam / Blackmail them and / or that no one had any btc in their account so that they can get out having to pay anyone anything

Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 24. (Read 257895 times)