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Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 31. (Read 257839 times)

newbie
Activity: 12
Merit: 0
December 19, 2013, 01:46:31 AM
0 btc...0 payouts
my account is "clean" Smiley))
the thing is that the database is very old, i say that because i have only 2 miners subscribe in my account (this happens 1 year ago)
what's happen with the btc mined between 1year ago to now?
i hope they will give them back, otherwise for 80 btc i'm willing to sue them!
legendary
Activity: 1946
Merit: 1035
December 19, 2013, 12:48:47 AM
Only my oldest worker has survived, looks like they used old data?

As for the due balance, we'll see...
hero member
Activity: 626
Merit: 500
Mining since May 2011.
December 19, 2013, 12:44:32 AM
they just posted news on their new web site.

From: https://50btc.com/news/view/141
Quote
Fully reengineered 50BTC is ready for beta-testing
Hello Everybody!

We have reached important milestone - we got all components of our new system up and running. All software was redesigned from scratch and currently we are ready for the public beta. We have applied our hardest effort working 24/7 during this two months to get back with the totally rewritten much more secure and robust code.

New system was launched on the new infrastructure with clean database. But we have migrated most of the user accounts and workers. All other data was backed up.

Another thing that we would like to share is that some of our users helped us to identify intruders who probably has performed the attack. We are still working on that.

At this moment we have enabled PPS mining and payout into BTC. In next few days we will introduce DGM and PPLNS mining modes.

Please note that at this moment system is still under heavy testing and development and we are highly appreciating any kind of your feedback on web-site, mining and user interface. Your support is very important for us.
Also we are continuing to communicate in individual way with our users to resolve issue with the old billing.

50BTC team want to thank all the people who supports us and especially users who have participate in alfa-testing!
Thank you for staying with us! We are working really hard to justify your confidence!

Zero word on the exact process for making a claim on your old balance. What is this "individual way" they speak of? Does that sound like they will be contacting each person individually? Utilize extreme caution...  Undecided
full member
Activity: 239
Merit: 100
December 19, 2013, 12:02:10 AM
they just posted news on their new web site.
full member
Activity: 176
Merit: 110
December 18, 2013, 05:23:21 PM
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.  Angry


There are No payouts on mine, no wallet info, No Auto Payment list.
Tells me I have no transactions at all.

Wonder if there will be an update in the news section as 28th Oct is still the last one in there.
newbie
Activity: 30
Merit: 0
December 18, 2013, 04:46:42 PM
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.  Angry
newbie
Activity: 49
Merit: 0
December 18, 2013, 03:04:01 PM
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
legendary
Activity: 1750
Merit: 1007
December 18, 2013, 02:41:17 PM
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.
legendary
Activity: 1778
Merit: 1008
December 18, 2013, 01:24:18 PM
Their website is off-line, This could be the end......

Worked fine on my end.
full member
Activity: 236
Merit: 100
December 18, 2013, 10:02:51 AM
Their website is off-line, This could be the end......
legendary
Activity: 1946
Merit: 1035
December 14, 2013, 07:04:58 PM
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*
newbie
Activity: 12
Merit: 0
December 14, 2013, 02:17:47 PM
if you find something, just share with all of us pls!
newbie
Activity: 49
Merit: 0
December 14, 2013, 01:40:32 PM
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
member
Activity: 112
Merit: 10
December 14, 2013, 10:49:35 AM
I think I have uncovered a big wormhole



Why? and what you mean with this?
newbie
Activity: 49
Merit: 0
December 13, 2013, 05:48:04 AM
I think I have uncovered a big wormhole

legendary
Activity: 1876
Merit: 1000
December 11, 2013, 03:26:50 AM
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
legendary
Activity: 2884
Merit: 1117
December 10, 2013, 01:47:39 PM
I want my money! Give me my money!
member
Activity: 112
Merit: 10
December 10, 2013, 10:39:10 AM
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".
newbie
Activity: 49
Merit: 0
December 09, 2013, 03:33:47 PM
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
member
Activity: 112
Merit: 10
December 09, 2013, 03:22:14 PM
Sorry, i only Understand "Train-Station" in what you have planned or going to do.
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