[UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 28.

dupee419

sr. member

Activity: 1358

Merit: 261

Quote from: gjpminingco on December 19, 2013, 07:31:07 AM

Balance Showing 0 for me ALSO

and now missing the 44.251xxxxx BTC payment that was listed as processing under the old site pages

i've got a ~77BTC payment that's missing

cverity

newbie

Activity: 31

Merit: 0

Not advocating one way or the other, but out of curiosity I mined .01BTC there yesterday and withdrew it successfully (although it took ~8 hours from the time I did the manual withdraw to the time it showed up)

https://blockchain.info/address/12vPmKxjU2PK56TANqeZrz6Noe16Z4yabS

asbestross

newbie

Activity: 10

Merit: 0

Quote

[17.12.2013 11:46:05] Pool 50BTC.com VIP Support: We don't want to draw public attention yet, as soon as we made an announce there will be a wave of requests, queries etc. that will only distract us from the main goal - service start.

This post confirms it for me. Their goal is not to communicate or reassure its workers that they will be reimbursed for withheld coin, but to ensure THEY can bring the service back and start earning money again. Personally my losses are minimal (~0.8BTC) but naturally am concerned that such a high valued and well respected pool can turn rogue in such a short space of time. I guess it shows that greed, in certain people, will always overpower loyalty.

...on a side note, with my experience and knowledge of domain hosting as well as tools available to me in the telecoms and hosting industry, i'll certainly be attempting to uncover the real registrar of the 50BTC domain; any findings (providing it doesnt violate forums rules) will be shared for everyones perusal.

Meyblaubaer

member

Activity: 112

Merit: 10

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).

I will aslo post you now the Chat History before the Update on their Website came online:

Quote

[17.12.2013 10:51:05] "ME": [Donnerstag, 12. Dezember 2013 12:50] "ME":

<<< [Freitag, 6. Dezember 2013 16:17] "ME":

<<< [Donnerstag, 5. Dezember 2013 12:32] "ME":

<<< Hello, when will payouts be enabled again? I want to payout my funds to get them on a safe place..— "ME", Donnerstag, 5. Dezember 2013 12:32— "ME", Freitag, 6. Dezember 2013 16:17
[17.12.2013 10:55:07] "ME": it only take 2 minutes to respond...
[17.12.2013 10:55:39] "ME": but it will take a long time when the governments are involved... think about it. We can work something out together and get an solution
[17.12.2013 11:00:10] Pool 50BTC.com VIP Support: Hello! Currently we're performing a closed beta of our new pool system which is more safer and stable.  Today we are starting a test on our new system and it will be a pleasure for us you to be the part of it. This way you will be able to see entire process from the inside.  Our main goal is to start a new system and we're working on it as hard as we can. We have a lot of pending payments so it could take some time to sort things out with an old billing system. There are a lot of issues with it that has to be taken care of. 
[17.12.2013 11:00:55] "ME": Why you didnt publish this informations on bitcointalk or your website?
[17.12.2013 11:01:17] "ME": there are many people who want to involve the Govs + Police.
[17.12.2013 11:01:41] Pool 50BTC.com VIP Support: Well, It’s a closed beta – we don't want to publish any information yet.
[17.12.2013 11:02:06] "ME": but you can make an status update. only saying we're working on it
[17.12.2013 11:02:09] Pool 50BTC.com VIP Support: We'll release a big status update as soon as new pool's system is up and running.
[17.12.2013 11:02:30] "ME": many people lost their home, get evicted or have go to jail because of this "maybe scam"--
[17.12.2013 11:02:58] "ME": no, release something now, the community don'T want to wait anymore
[17.12.2013 11:06:50] "ME": okay sorry now, but i can't get this following in english: Freunde, an eurer Stelle würde mir der Arsch auf Grundeis gehen. Wir reden knapp von 0,5 Mio € und in der Liebe und beim Geld hört die Freundschaft auf..
[17.12.2013 11:12:39] "ME": so my dears, what to do know, keep waiting and hiding or publish some informations?
[17.12.2013 11:12:50] "ME": on Bitcointalk.org and on your website...
[17.12.2013 11:18:51] "ME": come on guys, i don't want to stress you or that someone is going to involve the Govs, but it looks like that there will be no other solution atm.
So don't be like a Peacock, inform your "customers" and get in touch with them over the community and your HP
[17.12.2013 11:39:41] Pool 50BTC.com VIP Support: We want to make sure that our new system is safe and stable that's why we're testing it with a help of small amount of users - we're not ready for public testing yet. We will make public announce as soon as system is up and running.
[17.12.2013 11:40:28] "ME": but why you don'T publish this text you send me?
[17.12.2013 11:40:43] "ME": guys, there are many people who want to involve the governemnts
[17.12.2013 11:41:14] "ME": it looks like a international fraud from russia and victims in germany, USA and maybe all over the world...
[17.12.2013 11:41:36] "ME": We are talking bout 360.000 € already "lost" money...
[17.12.2013 11:46:03] "ME": why you don't reply to "The Free Bitcoins List". He wants to involve russian, US and German governments if you didn't get in touch with him in the next 5 minutes
[17.12.2013 11:46:05] Pool 50BTC.com VIP Support: We don't want to draw public attention yet, as soon as we made an announce there will be a wave of requests, queries etc. that will only distract us from the main goal - service start.
[17.12.2013 11:46:13] "ME": Then this will be a international fraud crime
[17.12.2013 11:46:43] "ME": Okay, i undertstand your opinion but this is not a good way
[17.12.2013 11:47:21] "ME": the people want informations about their mined money
[17.12.2013 11:47:28] "ME": now it looks like everytzhing is lost
[17.12.2013 11:47:41] "ME": because your database is broken and you got no Backups..[17.12.2013 10:51:05] "ME": [Donnerstag, 12. Dezember 2013 12:50] "ME":

<<< [Freitag, 6. Dezember 2013 16:17] "ME":

<<< [Donnerstag, 5. Dezember 2013 12:32] "ME":

<<< Hello, when will payouts be enabled again? I want to payout my funds to get them on a safe place..— "ME", Donnerstag, 5. Dezember 2013 12:32— "ME", Freitag, 6. Dezember 2013 16:17
[17.12.2013 10:55:07] "ME": it only take 2 minutes to respond...
[17.12.2013 10:55:39] "ME": but it will take a long time when the governments are involved... think about it. We can work something out together and get an solution
[17.12.2013 11:00:10] Pool 50BTC.com VIP Support: Hello! Currently we're performing a closed beta of our new pool system which is more safer and stable.  Today we are starting a test on our new system and it will be a pleasure for us you to be the part of it. This way you will be able to see entire process from the inside.  Our main goal is to start a new system and we're working on it as hard as we can. We have a lot of pending payments so it could take some time to sort things out with an old billing system. There are a lot of issues with it that has to be taken care of. 
[17.12.2013 11:00:55] "ME": Why you didnt publish this informations on bitcointalk or your website?
[17.12.2013 11:01:17] "ME": there are many people who want to involve the Govs + Police.
[17.12.2013 11:01:41] Pool 50BTC.com VIP Support: Well, It’s a closed beta – we don't want to publish any information yet.
[17.12.2013 11:02:06] "ME": but you can make an status update. only saying we're working on it
[17.12.2013 11:02:09] Pool 50BTC.com VIP Support: We'll release a big status update as soon as new pool's system is up and running.
[17.12.2013 11:02:30] "ME": many people lost their home, get evicted or have go to jail because of this "maybe scam"--
[17.12.2013 11:02:58] "ME": no, release something now, the community don'T want to wait anymore
[17.12.2013 11:06:50] "ME": okay sorry now, but i can't get this following in english: Freunde, an eurer Stelle würde mir der Arsch auf Grundeis gehen. Wir reden knapp von 0,5 Mio € und in der Liebe und beim Geld hört die Freundschaft auf..
[17.12.2013 11:12:39] "ME": so my dears, what to do know, keep waiting and hiding or publish some informations?
[17.12.2013 11:12:50] "ME": on Bitcointalk.org and on your website...
[17.12.2013 11:18:51] "ME": come on guys, i don't want to stress you or that someone is going to involve the Govs, but it looks like that there will be no other solution atm.
So don't be like a Peacock, inform your "customers" and get in touch with them over the community and your HP
[17.12.2013 11:39:41] Pool 50BTC.com VIP Support: We want to make sure that our new system is safe and stable that's why we're testing it with a help of small amount of users - we're not ready for public testing yet. We will make public announce as soon as system is up and running.
[17.12.2013 11:40:28] "ME": but why you don'T publish this text you send me?
[17.12.2013 11:40:43] "ME": guys, there are many people who want to involve the governemnts
[17.12.2013 11:41:14] "ME": it looks like a international fraud from russia and victims in germany, USA and maybe all over the world...
[17.12.2013 11:41:36] "ME": We are talking bout 360.000 € already "lost" money...
[17.12.2013 11:46:03] "ME": why you don't reply to "The Free Bitcoins List". He wants to involve russian, US and German governments if you didn't get in touch with him in the next 5 minutes
[17.12.2013 11:46:05] Pool 50BTC.com VIP Support: We don't want to draw public attention yet, as soon as we made an announce there will be a wave of requests, queries etc. that will only distract us from the main goal - service start.
[17.12.2013 11:46:13] "ME": Then this will be a international fraud crime
[17.12.2013 11:46:43] "ME": Okay, i undertstand your opinion but this is not a good way
[17.12.2013 11:47:21] "ME": the people want informations about their mined money
[17.12.2013 11:47:28] "ME": now it looks like everytzhing is lost
[17.12.2013 11:47:41] "ME": because your database is broken and you got no Backups..

YPau

newbie

Activity: 5

Merit: 0

Just tried to withdraw my btc, got "server maintenance, try again later"

Logged back in an hour later, and my btc were gone, with no transaction made.......

n00b2013

member

Activity: 111

Merit: 10

this bacon has fried ....
i had about 36 cents in there .. but hek thats not nottin either, fun deal all in all

mulpul2

newbie

Activity: 28

Merit: 0

> We have applied our hardest effort working 24/7 during this two months

should to read:
We had nice Caribbean fun 24/7 during this two months. And we ran out of money. Restarting pool.

gjpminingco

sr. member

Activity: 350

Merit: 250

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

Hmmmmm this is really strange

Following some of the addresses that 50btc and been sending funds to lately have come up with something strange

I am seeing Ghash.io also sending funds to the ADDRESS to................. Makes me wonder if they are pointing the mining power at another pool or using the stolen funds to buy mining power on GHASH.IO? Huh

?

mtnminer

sr. member

Activity: 294

Merit: 250

DO NOT MINE AT 50BTC

I had a payout in process for my 37 bitcoins for months! They never paid out, never responded and now all my Bitcoins and history are gone! I have been cheated, I mined there over a year!

I would like to meet them in person, it would be a great day for me!

Mtnminer

gjpminingco

sr. member

Activity: 350

Merit: 250

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

I dont know why everyone is saying that the Pool dont have enough Funds I have been tracking down for days accounts that belong to the POOL and by my calculations the pool has well over 4k coins if not more

Meyblaubaer

member

Activity: 112

Merit: 10

Quote from: mwarrior on December 21, 2013, 03:50:01 AM

Wish I was a little more hip on DDOS. We could have a little fun right? Hope they really do get hacked.

I really don't know what you mean.

http://en.wikipedia.org/wiki/DDOS#Distributed_attack

I think it is not necessary to attack them with DDOS anyways. It is also illegal...

I hope no one would mine there before the users funds are restored.

If they not restore it, i think some people would take legal actions because of robbery and fraud.

mwarrior

member

Activity: 329

Merit: 10

https://eloncity.io/

Wish I was a little more hip on DDOS. We could have a little fun right? Hope they really do get hacked.

Trillium

hero member

Activity: 546

Merit: 500

Quote from: bennybong on December 20, 2013, 05:24:51 PM

How do you check their current hashrate?

Its on their site. But the meter is probably inaccurate.

bennybong

hero member

Activity: 682

Merit: 500

How do you check their current hashrate?

Qbert

newbie

Activity: 57

Merit: 0

PSA: Please don't mine at this pool.

The pool operator(s) are/is not being truthful and forthright. With all the other pool options available out there to mine with, why in the world would you consider mining on this pool. They've disappeared with miners' coins once. They obviously have no remorse for having done it, ergo they'd be more than willing to do it again.

Also, if you've lost btc mined at 50btc please post in this thread https://bitcointalksearch.org/topic/scammer-50btccom-359277

Thank you.

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: asbestross on December 20, 2013, 03:01:50 PM

Quote

During the pool's history there were lots of different attacks, including loss of 1170 bitcoins (TX1, TX2, TX3, TX4). 50BTC has covered all losses. Users were never affected.

Think you're all forgetting that in their prior news release, even though 50BTC confirmed that they'd suffered losses, they also confirmed that they'd covered all losses incurred.

So, either they were being deceitful in their claims to have covered losses incurred.

OR

They are deliberately absconding with miners genuinely earned coins.

Either way, this is bad, whichever way you look at it. I'm fully expecting the pool to rapidly (if not already) prove insolvent.

Don't forget the losses they're referring to were from more than a year prior to the "hack" that they suffered 2 months ago. Deliberate misdirection by referring to past losses and the fact that they "covered them all" but not related to the losses that were currently being referred to.

And just going to point this out yet again: If they could cover all the losses, they would have. This "individual basis" recovery is just a delay tactic. If they can recover individual balances, they can recover all balance values. They're choosing not to.

asbestross

newbie

Activity: 10

Merit: 0

Quote

During the pool's history there were lots of different attacks, including loss of 1170 bitcoins (TX1, TX2, TX3, TX4). 50BTC has covered all losses. Users were never affected.

Think you're all forgetting that in their prior news release, even though 50BTC confirmed that they'd suffered losses, they also confirmed that they'd covered all losses incurred.

So, either they were being deceitful in their claims to have covered losses incurred.

OR

They are deliberately absconding with miners genuinely earned coins.

Either way, this is bad, whichever way you look at it. I'm fully expecting the pool to rapidly (if not already) prove insolvent.

bennybong

hero member

Activity: 682

Merit: 500

It's unbelievable that they do not mention the 'lost' funds at all. After such an agonizing silence as well....

Exidous

full member

Activity: 239

Merit: 100

I just mined one day, got my payment, sent support a message saying if they did not pay back my lost bitcoin that I would not be returning. I also said in the support that nobody will come back unless they do good on the back payouts. No reply. I sent like 20 messages.

michi

newbie

Activity: 45

Merit: 0

I can't believe people are going back to mining here. But because people are, that's why they can do this kind of crap. They know that people will come back. They know that people will "forgive" and start mining again. (As evidenced in some of the replies above.)

It's up to them to earn trust back.

Please, don't mine there unless they make good on this. It's rewarding bad behavior.

Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 28. (Read 257895 times)