Quote from: eleuthria on October 20, 2013, 07:43:50 PM

Quote from: johnyj on October 20, 2013, 09:24:34 AM

Maybe some of their coins were already stolen during the hack, if they restore the balance, they will take a huge hit on their own bitcoins

I think it is reasonable that they spread the loss among each miner, this is a system risk that everyone is facing when mining on pools

That is completely backwards. Miners should NOT take a hit when the pool loses money due to their own mistakes. ANY responsible pool owner should be absorbing whatever loss they take. The only time the reverse should even be an option is if the pool is forced to shutdown entirely. If the pool remains online, miners shouldn't see a single bitcent removed from their real balances. Too bad in this case the majority of miners won't have a clue what their real balance should be since the problem still hasn't been resolved.

Absolutely concur with your comments. Thank you. Sure wish they would communicate. So I am moving my 1.1TH over to BTCGuild based on the professionalism you exhibited here. Way too many people want to shift their risk on to groups of individuals in this industry (yes, I am referring to BFL). If 50BTC would have owned up and said, we didn't properly manage our risk, we will manage it correctly going forward, and here is our plan to get back on track, they could have salvaged their business. In my opinion, if they don't act really fast and start communicating, they are completely dead.

Since they haven't even answered my e-mails and then came on this forum and attempted to keep selling their hardware and not even answer the community's questions, my opinion of them is accurately reflected by their current hash rate.

People that owe me money (in order of amount):
Social Security and Welfare Recipients
BFL
50BTC