[UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 37.

gjpminingco

sr. member

Activity: 350

Merit: 250

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

I think that we need to Start legal action, and if it takes getting the State Departments for our respective countries involved to put pressure on the owners then so be it, because i think if the Russian government started to put pressure on them to pay then they might actually pay

Please Reply to this comment with your Location and Country so that we can see how many countries are gonna be involved in this Legal action

And For US people Please Send me a PM with your Contact info as i will be Contacting the State Department with the US government to start inquires into tracking the Owners of 50btc.com

It is Good to have Friends that work in the Federal Government and to be able to call Favors on Grin

Meyblaubaer

member

Activity: 112

Merit: 10

I think it would be Nice to find out who the owners are, and write them a letter. See it as "last chance" before 50btc really dies

bennybong

hero member

Activity: 682

Merit: 500

So uh, what do we do now? This is f*cked.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Whoever hacked 50BTC; can you please do it again and process all pending payouts?

Just joking Cheesy

Meyblaubaer

member

Activity: 112

Merit: 10

They are still Mining, selling asics, finding blocks (3or 4 since payouts freezed) but no one is able to give informations what's going on or when we get our btc...

3ds

full member

Activity: 238

Merit: 100

Quote from: Meyblaubaer on November 20, 2013, 05:24:25 AM

But without communication or new informations they would die.

I agree.

Last post from "50BTC.com" member here is:

Quote from: 50BTC.com on October 28, 2013, 10:50:05 AM

50BTC is alive and will get back fast and stable as a hell in next few weeks.

Stay tuned!

A few weeks are long gone...

"Hash power" today:

Meyblaubaer

member

Activity: 112

Merit: 10

i don*t think that all funds are away. I think only a part were stolen, but i also think they got an reserve for that case. But without communication or new informations they would die. Many bitcoins are away, and i doubt they will never come back and we get nothing... All the Mhas/s and GHASH/s that we spend was for nothing...

3ds

full member

Activity: 238

Merit: 100

Quote from: Trillium on November 19, 2013, 10:48:20 AM

Quote from: 3ds on November 19, 2013, 10:15:07 AM

If they don't have enough BTC they can use the pool fee to paid the debt...

But things have changed over time: it's much harder to mine coin now. Unless they were taking substantial quantities of BTC offline for storage in the early days of running the pool, then they will no longer be able take a small % as fees to pay back those early miners.

For example, with the recent huge price hike in the market, a lot of old miners like me are logging in to look for old fractions of coins that were 'not worried about' in the past. If 500 users log in to find a total of 20 BTC of mined coins from 2011-2012 (not an unlikely example) then that's $13820 at current market rate the pool operators need to cough up or wait for fees to trickle in. Even if they had 1000's of TH/s of miners, it'd still take a long time for fees of a few % to recover that.

You are right. But IMHO that's the only solution if the BTC is really away... The question is, are they really away???

btchellas

newbie

Activity: 35

Merit: 0

anyone paid since october ?

Phonetic

member

Activity: 112

Merit: 10

I'm in the same boat. Payout stuck at "In process".

Silv0r

full member

Activity: 204

Merit: 100

Waiting for E-Mail / Support response since 8 over 4 weeks now Sad

I've got over 2 BTC in my account.. Not that "much" but damn. Much money that is *puffed* away... Sad

forzendiablo

legendary

Activity: 1526

Merit: 1000

the grandpa of cryptos

seems scam. they still mine, but dont payoff to people.
propably they bought HW for half coisn stolen and now mien themselves + let people join their pool to get their coins..

seems like it.

Meyblaubaer

member

Activity: 112

Merit: 10

Has anyone informations about who the owner of 50btc is?

I'm got 71 BTC there, 8 were already Stolen... If there would be no informations i thinking about to Take a lawyer... Were Talking about 34.000 €... Money That ive already earned for my work...

tarmi

legendary

Activity: 1232

Merit: 1011

How long should we wait before calling this a scam?

Trillium

hero member

Activity: 546

Merit: 500

Quote from: 3ds on November 19, 2013, 10:15:07 AM

If they don't have enough BTC they can use the pool fee to paid the debt...

But things have changed over time: it's much harder to mine coin now. Unless they were taking substantial quantities of BTC offline for storage in the early days of running the pool, then they will no longer be able take a small % as fees to pay back those early miners.

For example, with the recent huge price hike in the market, a lot of old miners like me are logging in to look for old fractions of coins that were 'not worried about' in the past. If 500 users log in to find a total of 20 BTC of mined coins from 2011-2012 (not an unlikely example) then that's $13820 at current market rate the pool operators need to cough up or wait for fees to trickle in. Even if they had 1000's of TH/s of miners, it'd still take a long time for fees of a few % to recover that.

3ds

full member

Activity: 238

Merit: 100

If they don't have enough BTC they can use the pool fee to paid the debt...

Trillium

hero member

Activity: 546

Merit: 500

Think I might had a tenth of BTC or two there from really early mining days. Not sure though. I tried to withdraw the balance they claimed I had but it seemed iffy. And of course, I got the generic errors you guys were talking about. It'd be cool if they get the site working and have enough BTC to payout everyone, I remember when Ozcoin was hacked and graet paid out something like 700 BTC with his own funds Undecided

Senti

newbie

Activity: 7

Merit: 0

I hope they'll come back. As I've read they had some problems in the past and made it through that. The hypothesis that they might be the ones that stole all of users' bitcoins is dumb imo. Why would they undermine their venture that was giving them basically free money. If they come back without covering the losses I doubt that they'll get even 10% of the market share they had before the attack. I'm in btc for the long term so I'm ok with them taking time to fix this. Lack of communication doesn't do any good though. I've made a shitload of mistakes with my btc, leaving anything on the pool I wasn't even mining on anymore (dropped out at the end of gpu era) was one of them. I didn't have that much left on 50BTC but with today's prices the amount in $ is getting bigger and bigger and certainly it isn't a sum that I can forget.

Keninishna

hero member

Activity: 556

Merit: 500

Unless they can get the balances straightened out I doubt we will ever see any btc. I can always hope they do payout...

Bitconian

member

Activity: 101

Merit: 10

I started a new topic because I didn't realize you guys were talking about the DDoS attack.... sorry, my bad.

Adding to this topic: I'm the same as you guys here....still 11 btc "in process"....still waiting Sad

Topic: [UNRESPONSIVE POOL OPERATOR] 50BTC.com - page 37. (Read 257895 times)