Hello Michael,
Sorry for late reply to this,
I have checked in your php information from your backend, it seems like your
max_execution_time = 0 value (
http://screencast.com/t/YVhtHksT ), can you request with your Webhosting provider to help you increase it to
120? After your Webhosting provider already help you increased then you upload/install again from your backend extension manager and see how it goes.
If the issues still persists, can you extract the Easyblog installer zip file from
JoomlaFolder(new)/tmp/eb
After extracted your installer zip file then go to your backend > extension manager > click "Install from directory" > set the path, see my screenshot (
http://screencast.com/t/mbfoFo5wPdQ ) > then click install and see how it goes? Please advise.