[UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 35.

inkadnb

member

Activity: 126

Merit: 10

Quote from: medUSA on November 28, 2013, 01:55:25 AM

It would be such a pity if 50btc is really gone.

50btc had good infrastructure, a large user base, they could at least keep the pool running?

If they had only restored everyone's balance, assured us that partial balance will be paid back
Switch to PPLNS, pay out the funds from new blocks as normal
and worry about the "stolen" funds later (pay people back with new fees received)

The fact is by not doing the above (or similar) made them look suspicious, not the hacking before Embarrassed

No point in keeping the pool open if no one is getting anything except for them...

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

It would be such a pity if 50btc is really gone.

50btc had good infrastructure, a large user base, they could at least keep the pool running?

If they had only restored everyone's balance, assured us that partial balance will be paid back
Switch to PPLNS, pay out the funds from new blocks as normal
and worry about the "stolen" funds later (pay people back with new fees received)

The fact is by not doing the above (or similar) made them look suspicious, not the hacking before Embarrassed

Exidous

full member

Activity: 239

Merit: 100

Quote from: inkadnb on November 27, 2013, 06:55:00 PM

Quote from: thoughtcourier on November 27, 2013, 05:37:06 PM

I second the motion for this pool to be delisted and/or marked as scammers. They should have a period to respond/prepare a defense, but they've probably gone dark anyway.

Parliamentary inquiry!

Is anyone going on with legal proceedings? Not that much will come of it since we don't know who runs it. Either way, completely unprofessional of them.

I also second the motion for them to be marked as scammers.

Agreed, take them off the list so newbies don't join and mark them as scammers.

inkadnb

member

Activity: 126

Merit: 10

Quote from: thoughtcourier on November 27, 2013, 05:37:06 PM

I second the motion for this pool to be delisted and/or marked as scammers. They should have a period to respond/prepare a defense, but they've probably gone dark anyway.

Parliamentary inquiry!

Is anyone going on with legal proceedings? Not that much will come of it since we don't know who runs it. Either way, completely unprofessional of them.

I also second the motion for them to be marked as scammers.

Trillium

hero member

Activity: 546

Merit: 500

Quote from: thoughtcourier on November 27, 2013, 05:37:06 PM

Quote from: eleuthria on November 27, 2013, 11:38:01 AM

Quote from: medUSA on November 27, 2013, 05:08:16 AM

I do not understand why it took so long to restore everyone's balance? Shouldn't there be some backup copy of the database?
(I only have about 0.01 btc there, not a lot compared to others here)

It's 'taking so long' because they aren't making any attempt to do so. It's been a month since they last made any announcement/post. Nobody should be expecting them to return at this point.

I agree, and I've already written off the 1.08 Bitcoins in my ledger. These coins were mined from my block erupters for fun while they were still semi-profitable. A relatively cheap lesson/reminder for myself overall. I don't know why I trusted a pool from Russia with unknown owners with any amount of money; laziness I guess.

Anything they return now will be a bonus.

Edit: I second the motion for this pool to be delisted and/or marked as scammers. They should have a period to respond/prepare a defense, but they've probably gone dark anyway.

This is an excellent summary of the current situation. A+

thoughtcourier

member

Activity: 96

Merit: 10

Quote from: eleuthria on November 27, 2013, 11:38:01 AM

Quote from: medUSA on November 27, 2013, 05:08:16 AM

I do not understand why it took so long to restore everyone's balance? Shouldn't there be some backup copy of the database?
(I only have about 0.01 btc there, not a lot compared to others here)

It's 'taking so long' because they aren't making any attempt to do so. It's been a month since they last made any announcement/post. Nobody should be expecting them to return at this point.

I agree, and I've already written off the 1.08 Bitcoins in my ledger. These coins were mined from my block erupters for fun while they were still semi-profitable. A relatively cheap lesson/reminder for myself overall. I don't know why I trusted a pool from Russia with unknown owners with any amount of money; laziness I guess.

Anything they return now will be a bonus.

Edit: I second the motion for this pool to be delisted and/or marked as scammers. They should have a period to respond/prepare a defense, but they've probably gone dark anyway.

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: medUSA on November 27, 2013, 05:08:16 AM

I do not understand why it took so long to restore everyone's balance? Shouldn't there be some backup copy of the database?
(I only have about 0.01 btc there, not a lot compared to others here)

It's 'taking so long' because they aren't making any attempt to do so. It's been a month since they last made any announcement/post. Nobody should be expecting them to return at this point.

bennybong

hero member

Activity: 682

Merit: 500

Quote from: ak47eu on November 27, 2013, 05:15:24 AM

the problem is when you know the right balance...and you know how many months you have to pay the electric bill to mine then you realize that you got screwed it's a big problem.
i konw that i mined around 130-140 btc on that pool 30 btc was send on 24bitcoin, i got them back, 20 btc are on mtgox and the rest of them are in 50btc.
i know that my ballance say that i have mined 270 btc...that is not true...but the 82 btc are the real deal and i invest a lot of money to make them.
and stop with "is not a banck" i pay a fee, that money is for the safety of the site implicitly for the safety of my btc!!!
and if they will not do anyting why not to sue them? i have my data, i want only my btc back!
info about the owner?

Quote from: CrazyGuy on November 27, 2013, 02:51:25 AM

Quote from: ads2003uk on November 23, 2013, 07:33:45 AM

Im waiting on 1.05BTC

I look on the facebook page and people are complaing about not being able to withdraw 40 to 333BTC(in one case). I mean come on, you dont withdraw 333BTC and cash in when its at its highest that's like 195k.

I'm putting this down to a learning curve and set my Autopayouts a hell of a lot lower.

Nobody lost 40 BTC or 333 BTC.. 50BTC went down because the payout amounts were wrong and I'm guessing someone cashed out big. My account says I'm owed 21 BTC but I realize that it is innacurate.

I had 2 avalons mining on 50btc from day 1. 173BTC was mined in total, I only ever withdrew +/- 50% of the coins to cash out. 91 BTC was definitely lost over here Roll Eyes

. It's pretty disgusting really, disgustingly painful.

ak47eu

newbie

Activity: 12

Merit: 0

the problem is when you know the right balance...and you know how many months you have to pay the electric bill to mine then you realize that you got screwed it's a big problem.
i konw that i mined around 130-140 btc on that pool 30 btc was send on 24bitcoin, i got them back, 20 btc are on mtgox and the rest of them are in 50btc.
i know that my ballance say that i have mined 270 btc...that is not true...but the 82 btc are the real deal and i invest a lot of money to make them.
and stop with "is not a banck" i pay a fee, that money is for the safety of the site implicitly for the safety of my btc!!!
and if they will not do anyting why not to sue them? i have my data, i want only my btc back!
info about the owner?

Quote from: CrazyGuy on November 27, 2013, 02:51:25 AM

Quote from: ads2003uk on November 23, 2013, 07:33:45 AM

Im waiting on 1.05BTC

I look on the facebook page and people are complaing about not being able to withdraw 40 to 333BTC(in one case). I mean come on, you dont withdraw 333BTC and cash in when its at its highest that's like 195k.

I'm putting this down to a learning curve and set my Autopayouts a hell of a lot lower.

Nobody lost 40 BTC or 333 BTC.. 50BTC went down because the payout amounts were wrong and I'm guessing someone cashed out big. My account says I'm owed 21 BTC but I realize that it is innacurate.

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

I do not understand why it took so long to restore everyone's balance? Shouldn't there be some backup copy of the database?
(I only have about 0.01 btc there, not a lot compared to others here)

CrazyGuy

legendary

Activity: 1973

Merit: 1007

Quote from: ads2003uk on November 23, 2013, 07:33:45 AM

Im waiting on 1.05BTC

I look on the facebook page and people are complaing about not being able to withdraw 40 to 333BTC(in one case). I mean come on, you dont withdraw 333BTC and cash in when its at its highest that's like 195k.

I'm putting this down to a learning curve and set my Autopayouts a hell of a lot lower.

Nobody lost 40 BTC or 333 BTC.. 50BTC went down because the payout amounts were wrong and I'm guessing someone cashed out big. My account says I'm owed 21 BTC but I realize that it is innacurate.

fragout

legendary

Activity: 1279

Merit: 1018

Any1 know who this guy is? he cant by that anonymous with a 100th/s pool running for so long
Last activity 28th oct Sad

inkadnb

member

Activity: 126

Merit: 10

Quote from: Exidous on November 24, 2013, 07:40:09 PM

This was my first pool ever to join last year and kept my coins on the server. 7btc gone. My biggest mistake was not to read about auto payouts..... live and learn I guess. If 50btc reads this, please send my bitcoins to my address.

User: [email protected]

Address: 1NpuXqbPJbrSMUxwWRiddu26VDAaF9VTgi

Don't sweat it, the auto payouts were b/s anyways. You set an interval and an amount, rather than just an amount cap to payout at. Never made sense to me.

Anyways, this is horseshit at this point, I'm calling this a huge scam. No updates, pool still running. At the VERY least they should do all of us the courtesy of shutting off their pool because it's insulting at this point. There's no payouts so why should they get free BTC from everyone?

I lost about 0.2BTC. Which isn't as much as most people here, but it's still a FELONY.

Exidous

full member

Activity: 239

Merit: 100

Quote from: DrG link=topic=54673.

1) You're bitcointalk account is less than a month old
2) You expect the 50BTC admins will come in here a read your plea for help
3) You don't tell them what your user login is so they can't even identify you

Are you expecting mercy coins?

Of course, since it looks like they wont be coming back. I just joined the forum last month. so what.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Exidous on November 24, 2013, 07:40:09 PM

This was my first pool ever to join last year and kept my coins on the server. 7btc gone. My biggest mistake was not to read about auto payouts..... live and learn I guess. If 50btc reads this, please send my bitcoins to my address.

1NpuXqbPJbrSMUxwWRiddu26VDAaF9VTgi

1) You're bitcointalk account is less than a month old
2) You expect the 50BTC admins will come in here a read your plea for help
3) You don't tell them what your user login is so they can't even identify you

Are you expecting mercy coins?

Exidous

full member

Activity: 239

Merit: 100

This was my first pool ever to join last year and kept my coins on the server. 7btc gone. My biggest mistake was not to read about auto payouts..... live and learn I guess. If 50btc reads this, please send my bitcoins to my address.

User: [email protected]

Address: 1NpuXqbPJbrSMUxwWRiddu26VDAaF9VTgi

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: Trillium on November 24, 2013, 06:35:44 PM

Quote from: Tigggger on November 24, 2013, 04:51:36 PM

Finally it's interesting to see some of those complaining about being ripped off have been good enough to post screenshots of themselves trying to rip off the pool by attempting to withdraw coins that weren't theirs.

As one of the two people who posted a screenshot, I feel your burn.

However, I assume that any pool operator would be at least a little bit smart, and not payout $200k+ of coins to anyone based on an obviously corrupt database (they admit this in their news reports). So I did not and do not expect a payout like that in any case.

Agreed, I just want my .05 or so.

Trillium

hero member

Activity: 546

Merit: 500

Quote from: Tigggger on November 24, 2013, 04:51:36 PM

Finally it's interesting to see some of those complaining about being ripped off have been good enough to post screenshots of themselves trying to rip off the pool by attempting to withdraw coins that weren't theirs.

As one of the two people who posted a screenshot, I feel your burn.

However, I assume that any pool operator would be at least a little bit smart, and not payout $200k+ of coins to anyone based on an obviously corrupt database (they admit this in their news reports). So I did not and do not expect a payout like that in any case.

reQuorter

newbie

Activity: 4

Merit: 0

So it's lost money already ?

Tigggger

legendary

Activity: 1098

Merit: 1000

Although I feel sorry for those who have lost money, as has been said many times pools are not banks, set an auto withdrawl to an amount you can afford to lose. Even though 50btc didn't pay out automatically on a threshold I had payments set to run every hour.

Personally I didn't lose anything, when it became apparent they had been ripping off users by rounding down the share payments I left as it told me all I needed to know about the honesty of the pool ops.

Finally it's interesting to see some of those complaining about being ripped off have been good enough to post screenshots of themselves trying to rip off the pool by attempting to withdraw coins that weren't theirs.

Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 35. (Read 257895 times)