Topic: [Cryptostocks] Scrypts Mining - legit or just a SCAMM? - page 2. (Read 5280 times)
I also have invested about 5btc into this scrypt mining , i think its complete bull**** that people can get away with this, should have done my homework i soppose, but i let a little sit on there and they paid out as they should have so i decided to invest more, luckily only about half of what i was going to invest but still losing a decent amount of coin! I hope somebody is getting through to someone , as im having no luck..
Looks like we were scammed.
At least I have managed to offload 30 shares at a price point close to what I paid. Still got another 90 shares though that look like they are headed down the toilet.
The owner seems to have played his hand quite well with giving out regular divs at the beginning then promising good future divs while he/they supposedly bought some Titans.
If that went well then they have around 8.5Ghs which they are quietly churning away with making themselves a fistful of BTC.
Never again will I invest in any project listed on CS.
This sort of behaviour doesnt do Bitcoin's reputation any good whatsoever as people will be less willing to invest due to its turbulent past linking it to other criminal activities.
At least I have managed to offload 30 shares at a price point close to what I paid. Still got another 90 shares though that look like they are headed down the toilet.
The owner seems to have played his hand quite well with giving out regular divs at the beginning then promising good future divs while he/they supposedly bought some Titans.
If that went well then they have around 8.5Ghs which they are quietly churning away with making themselves a fistful of BTC.
Never again will I invest in any project listed on CS.
This sort of behaviour doesnt do Bitcoin's reputation any good whatsoever as people will be less willing to invest due to its turbulent past linking it to other criminal activities.
CS not bother to reply any emails. Might they have already their Cut in those BTC.
Looks like we were scammed.
At least I have managed to offload 30 shares at a price point close to what I paid. Still got another 90 shares though that look like they are headed down the toilet.
The owner seems to have played his hand quite well with giving out regular divs at the beginning then promising good future divs while he/they supposedly bought some Titans.
If that went well then they have around 8.5Ghs which they are quietly churning away with making themselves a fistful of BTC.
Never again will I invest in any project listed on CS.
This sort of behaviour doesnt do Bitcoin's reputation any good whatsoever as people will be less willing to invest due to its turbulent past linking it to other criminal activities.
At least I have managed to offload 30 shares at a price point close to what I paid. Still got another 90 shares though that look like they are headed down the toilet.
The owner seems to have played his hand quite well with giving out regular divs at the beginning then promising good future divs while he/they supposedly bought some Titans.
If that went well then they have around 8.5Ghs which they are quietly churning away with making themselves a fistful of BTC.
Never again will I invest in any project listed on CS.
This sort of behaviour doesnt do Bitcoin's reputation any good whatsoever as people will be less willing to invest due to its turbulent past linking it to other criminal activities.
its scam KNCminer dont know scriptsmining.com and he never send the Titan ....
i send email to cryptostocks for say its scam 1 aout no reply for moment
i ask the ID of owner scriptsmining.com no reply .....
the responsable is cryptostocks owner if he dont have ID owner of all project !
i lost 3000$...
or 250 LTC ^^
i send email to cryptostocks for say its scam 1 aout no reply for moment
i ask the ID of owner scriptsmining.com no reply .....
the responsable is cryptostocks owner if he dont have ID owner of all project !
i lost 3000$...
or 250 LTC ^^
I lost $5000 which is hard earn money of me (All my savings)...I send email to cryptostocks and no reply either.
If look into this Scam...This scam is around 450 BTC and cryptostocks not bother to send any email ....It says many things about cryptostocks
maybe wrong word 'explained' to be honest...
on the chart of dividend payments, the next two dates is 1st and 15th, maybe just a coincidence but it is now the 3rd
http://www.scryptsmining.com/index.php/dividends
[update: just read the rest of the posts, damn it]
on the chart of dividend payments, the next two dates is 1st and 15th, maybe just a coincidence but it is now the 3rd
http://www.scryptsmining.com/index.php/dividends
[update: just read the rest of the posts, damn it]
Hm 2 days late for their dividend as explained on their website
Where exactly are they explaining this?
Had a quick look and couldn't see anything explaining what is going on.
Got a link?
Hm 2 days late for their dividend as explained on their website
its scam KNCminer dont know scriptsmining.com and he never send the Titan ....
i send email to cryptostocks for say its scam 1 aout no reply for moment
i ask the ID of owner scriptsmining.com no reply .....
the responsable is cryptostocks owner if he dont have ID owner of all project !
i lost 3000$...
or 250 LTC ^^
i send email to cryptostocks for say its scam 1 aout no reply for moment
i ask the ID of owner scriptsmining.com no reply .....
the responsable is cryptostocks owner if he dont have ID owner of all project !
i lost 3000$...
or 250 LTC ^^
Another day down and still no promised dividend. Interestingly they still seem to be selling shares!
Also been scammed by another "company" (COIN) which was just suddenly delisted with promises of buying back everyone's shares. Guess what? That never happened.
I am done making any further investments in any supposed company listed on CS.
Shame really, concept is sound but there is no recourse when the admins decide to just walk away with everyone's hard earned.
Also been scammed by another "company" (COIN) which was just suddenly delisted with promises of buying back everyone's shares. Guess what? That never happened.
I am done making any further investments in any supposed company listed on CS.
Shame really, concept is sound but there is no recourse when the admins decide to just walk away with everyone's hard earned.
I reached out to admin of Scrypts Mining, and asked him why he announced that the miners will arrive soon, although they will not be shipped anytime soon. Below is the response:
Quote
On Thu, Jul 10, 2014 at 8:10 AM, <[email protected]> wrote:
Burak,
I can not disclose any more information to you, you are not even our shareholder.
If you are interested in scrypt mining power - go ahead with shares, if you are interested in KnC development - please refer your questions to KnC.
Thanks,
Tom.
Burak,
I can not disclose any more information to you, you are not even our shareholder.
If you are interested in scrypt mining power - go ahead with shares, if you are interested in KnC development - please refer your questions to KnC.
Thanks,
Tom.
So, SCRYPT is certainly a scam. Obviously, he will start giving dividends after July 15th to attract shareholders and sell more shares, but eventually he will disappear.
Yes look like your prediction going to be true. Today he suppose to pay 1st of Aug (Dividend of 15s days) still no pay and no reply from owner as well cryptostocks.
Most interestingly cryptostocks not replying too.
Hmmm,
Hope it is not a SCAM else I will loose lot of money . I can see your point that they already paid the BTC on 15th July and after that from weekly payment it gone to bi weekly. They issued 4000 more shares it mean in total 14000 shares. Next payment 1st of Aug.
Wait and see what happen.
Hope it is not a SCAM else I will loose lot of money . I can see your point that they already paid the BTC on 15th July and after that from weekly payment it gone to bi weekly. They issued 4000 more shares it mean in total 14000 shares. Next payment 1st of Aug.
Wait and see what happen.
I reached out to admin of Scrypts Mining, and asked him why he announced that the miners will arrive soon, although they will not be shipped anytime soon. Below is the response:
Quote
On Thu, Jul 10, 2014 at 8:10 AM, <[email protected]> wrote:
Burak,
I can not disclose any more information to you, you are not even our shareholder.
If you are interested in scrypt mining power - go ahead with shares, if you are interested in KnC development - please refer your questions to KnC.
Thanks,
Tom.
Burak,
I can not disclose any more information to you, you are not even our shareholder.
If you are interested in scrypt mining power - go ahead with shares, if you are interested in KnC development - please refer your questions to KnC.
Thanks,
Tom.
So, SCRYPT is certainly a scam. Obviously, he will start giving dividends after July 15th to attract shareholders and sell more shares, but eventually he will disappear.
Scryptsmining.com is claiming they will begin mining with their batch one Titans on July 12th.
https://cryptostocks.com/announcements/2838
I wrote an email to KNC this morning asking if they know Mr. Andersen, a manager of Scryptsmining.
This is their answer:
https://cryptostocks.com/announcements/2838
I wrote an email to KNC this morning asking if they know Mr. Andersen, a manager of Scryptsmining.
This is their answer:
Quote
Hi,
We do not know the exact shipping date at this moment in time, we can only estimate that the shipping date will be within the Q3 timeframe that we originally stated.
We hope to provide you with more information soon.
Best regards
Med vänlig hälsning
Natalie Forslund
Kncminer
www.kncminer.com
Office: +46 8559 253
In your opinion is Scryptsmining legit, or not? We do not know the exact shipping date at this moment in time, we can only estimate that the shipping date will be within the Q3 timeframe that we originally stated.
We hope to provide you with more information soon.
Best regards
Med vänlig hälsning
Natalie Forslund
Kncminer
www.kncminer.com
Office: +46 8559 253
Strange, they paid dividend :
Date Total dividend Number of shares Dividend per share
15 Apr 00:01 2.36999436 1,284 0.00184579 BTC
What do you think ?
because i opened that thread, I want to keep it maintained.
Scryptsmining.com: Interview With Scrypt Based Mining Company
Drew Cordell 02/04/2014 Sponsored Stories 3 Comments Posted 7 days ago
Scryptsmining.com is a website that offers shares of their mining operation at cryptostocks.com. These shares earn you weekly dividends on their large mining operations each and every week. The stocks can be sold back at any time but with the high rate of return, it is unlikely anyone would want to do that. I got a chance to interview the coordinator of the company: Anita with questions about the business.promoted
What is your name and position at Scryptsmining.com? Also, tell me a little bit about the company
“My name is Anita and I’m coordinator of the scryptsmining.com project. A group of Chinese businessmen invested into ASIC hardware named the Gridseed, which have been on the market for a month. This hardware allows us to mine bitcoin and litecoin together or separately, We have selected to mine litecoin based currencies as it is more profitable right now.
We have decided to return the part of our investment by issuing a shares at cryptostocks.com Each share grants access to 50kh/s worth of mining equipment. This way potential investors do not have to buy costly equipment; instead they are given a chance to participate in SCRYPT mining with any budget. We also take care of maintenance and setup, which is tricky because Gridseed ASICS require knowledge to setup and operate. We have three data-centers in china, where our hardware is located.”
What advantages does scrypt cloud mining have over SHA-256 cloud mining?
“Scrypt Mining on ASICs is a completely new technology. Quite a few companies claimed they are working on it, but only Gridseed seems to have a working product available for the purchase right now. With only 5 W of electricity per 350 kh/s, it is much cheaper then GPU mining and lets you mine litecoin based currencies. Our business model is to switch mining pools meaning that software tracks the most profitable currency at the moment and mines it.
This means more profits against LTC currency.
Other advantages for cloud mining for the shareholder:
1. no need to worry about electricity costs.
2. no need to think about initial setup
3. no need to maintain software and hardware.
We cover all those issues for just 8% of the profits, giving out 92% of the income to our shareholders”
What makes your site unique compared to some other cloud mining sites?
“Well, let’s take a comparison to other sites. We charge 0.8 BTC per 1 MH/s of mining power, however, scrypt.cc charges 1.57 BTC according to their site. Dividends should be the same while initial investments are lower, this is because we maintain our hardware in china, where electricity is cheaper.Second reason is the fact we work with the Gridseed manufacturer directly. We had a volume discount on the hardware, so the hardware price is the lowest possible.”
What are the advantages to mining Scrypt based coins over SHA-256 coins?
“The main advantage right now is that SCRYPT ASICs are just hitting the market, difficulty is rising, but it still is very profitable to invest. As we know from bitcoin experience, the most profits are generated when ASICs are just released. Put pool switching mining into equation, which sometimes gives more than 250% in profits against LTC, and you get a pretty good investment opportunity. In fact last week we did 8.47% return of investment.”
In your experience, are the gridseed ASICS more rewarding than GPU mining?
” First of all it is, of course, power consumption. Asics are always better then GPUs because their only task is to calculate on a certain algorithm.
If you mine on GPU, you know that its a daily routine task. Maintaining more than 4 GPU at one computer requires you to check the software every 15 minutes, because it freezes for no reason, in addition to that you always have to check core temperatures on each gpu to make sure it’s not overheated. We burned quite many GPUs last year when maintaining our old style SCRYPT Rigs. ASICs offer stability of work.
ASICs are remarkably quiet and run on very low temperatures compared to GPUs.
We have software set up, which monitors hash rate on each unit, so if there is a problem, we can spot it within minutes.”
I got a chance to purchase a share of the company that got me 50 Kh/s worth of Scrypt mining. When I woke up this morning, I was pleasantly surprised to see my dividends already in my account, in an incredibly fast and timely manner. I have been unable to mine for the entire time I have been involved with cryptocurrencies, and Scryptsmining gave me (a broke full time college student an opportunity to have fun mining with a low budget.
Mining with scryptsmining.com is both fun and rewarding. Mining Scrypt based currency rather than SHA-256 currency can bring in more profit and is a brand new technology. The Gridseed ASICs are a remarkable first generation Scrypt miner. With a very low power costs in china and the ability to not have to setup any software or equipment, scryptsmining.com offers an amazing opportunity for people who want to get involved with mining but do not have the money to put down on an expensive rig. Scryptsmining.com offers the same hash power you would get from a $1000 rig for a fraction of the cost, they have plans to fit any budget and fuel and desire to mine.
Scryptsmining.com: Interview With Scrypt Based Mining Company
Drew Cordell 02/04/2014 Sponsored Stories 3 Comments Posted 7 days ago
Scryptsmining.com is a website that offers shares of their mining operation at cryptostocks.com. These shares earn you weekly dividends on their large mining operations each and every week. The stocks can be sold back at any time but with the high rate of return, it is unlikely anyone would want to do that. I got a chance to interview the coordinator of the company: Anita with questions about the business.promoted
What is your name and position at Scryptsmining.com? Also, tell me a little bit about the company
“My name is Anita and I’m coordinator of the scryptsmining.com project. A group of Chinese businessmen invested into ASIC hardware named the Gridseed, which have been on the market for a month. This hardware allows us to mine bitcoin and litecoin together or separately, We have selected to mine litecoin based currencies as it is more profitable right now.
We have decided to return the part of our investment by issuing a shares at cryptostocks.com Each share grants access to 50kh/s worth of mining equipment. This way potential investors do not have to buy costly equipment; instead they are given a chance to participate in SCRYPT mining with any budget. We also take care of maintenance and setup, which is tricky because Gridseed ASICS require knowledge to setup and operate. We have three data-centers in china, where our hardware is located.”
What advantages does scrypt cloud mining have over SHA-256 cloud mining?
“Scrypt Mining on ASICs is a completely new technology. Quite a few companies claimed they are working on it, but only Gridseed seems to have a working product available for the purchase right now. With only 5 W of electricity per 350 kh/s, it is much cheaper then GPU mining and lets you mine litecoin based currencies. Our business model is to switch mining pools meaning that software tracks the most profitable currency at the moment and mines it.
This means more profits against LTC currency.
Other advantages for cloud mining for the shareholder:
1. no need to worry about electricity costs.
2. no need to think about initial setup
3. no need to maintain software and hardware.
We cover all those issues for just 8% of the profits, giving out 92% of the income to our shareholders”
What makes your site unique compared to some other cloud mining sites?
“Well, let’s take a comparison to other sites. We charge 0.8 BTC per 1 MH/s of mining power, however, scrypt.cc charges 1.57 BTC according to their site. Dividends should be the same while initial investments are lower, this is because we maintain our hardware in china, where electricity is cheaper.Second reason is the fact we work with the Gridseed manufacturer directly. We had a volume discount on the hardware, so the hardware price is the lowest possible.”
What are the advantages to mining Scrypt based coins over SHA-256 coins?
“The main advantage right now is that SCRYPT ASICs are just hitting the market, difficulty is rising, but it still is very profitable to invest. As we know from bitcoin experience, the most profits are generated when ASICs are just released. Put pool switching mining into equation, which sometimes gives more than 250% in profits against LTC, and you get a pretty good investment opportunity. In fact last week we did 8.47% return of investment.”
In your experience, are the gridseed ASICS more rewarding than GPU mining?
” First of all it is, of course, power consumption. Asics are always better then GPUs because their only task is to calculate on a certain algorithm.
If you mine on GPU, you know that its a daily routine task. Maintaining more than 4 GPU at one computer requires you to check the software every 15 minutes, because it freezes for no reason, in addition to that you always have to check core temperatures on each gpu to make sure it’s not overheated. We burned quite many GPUs last year when maintaining our old style SCRYPT Rigs. ASICs offer stability of work.
ASICs are remarkably quiet and run on very low temperatures compared to GPUs.
We have software set up, which monitors hash rate on each unit, so if there is a problem, we can spot it within minutes.”
I got a chance to purchase a share of the company that got me 50 Kh/s worth of Scrypt mining. When I woke up this morning, I was pleasantly surprised to see my dividends already in my account, in an incredibly fast and timely manner. I have been unable to mine for the entire time I have been involved with cryptocurrencies, and Scryptsmining gave me (a broke full time college student an opportunity to have fun mining with a low budget.
Mining with scryptsmining.com is both fun and rewarding. Mining Scrypt based currency rather than SHA-256 currency can bring in more profit and is a brand new technology. The Gridseed ASICs are a remarkable first generation Scrypt miner. With a very low power costs in china and the ability to not have to setup any software or equipment, scryptsmining.com offers an amazing opportunity for people who want to get involved with mining but do not have the money to put down on an expensive rig. Scryptsmining.com offers the same hash power you would get from a $1000 rig for a fraction of the cost, they have plans to fit any budget and fuel and desire to mine.
Hardware Performance*
Guangzhou Hashing OK 178.013 mh/s 179.801 mh/s 175.161 mh/s
Tianjin Hashing OK 179.819 mh/s 181.354 mh/s 180.011 mh/s
*Updates every 5-6 hours
values the same since the last 24 hours. thats a fail.
EDIT:
Values changing now...
Guangzhou Hashing OK 178.013 mh/s 179.801 mh/s 175.161 mh/s
Tianjin Hashing OK 179.819 mh/s 181.354 mh/s 180.011 mh/s
*Updates every 5-6 hours
values the same since the last 24 hours. thats a fail.
EDIT:
Values changing now...
Do yourself a favor and avoid cryptostocks. You have no legal say in ownership of any of the companies listed. They can simply "Delist" and you lose your money with no way to fight back. Stick to coins and maybe a little bit of mining rentals for a safer investment. Trust me, I got burned there early in my crypto adventure and realize now that it was a mistake.
agreed i lost some money and walked.. avoid
Do yourself a favor and avoid cryptostocks. You have no legal say in ownership of any of the companies listed. They can simply "Delist" and you lose your money with no way to fight back. Stick to coins and maybe a little bit of mining rentals for a safer investment. Trust me, I got burned there early in my crypto adventure and realize now that it was a mistake.
Ok. the wrong adress must be a simple mistake.
It would solve something getting them on phone/skype.
the gridseed5 price is dropping like
https://bitcointalksearch.org/topic/220-for-gridseed-miner-good-price-537524
stone.
The calculation of the device with production of +300k could be: 5 fan, 10 cooling, 10 board, 25 chips, 10 distribution. So we are around 60 Dollar a piece.
120 selling price, who knows. the fact is that china the manufacturer and usa the product software developer at the moment and both are booming.
It would solve something getting them on phone/skype.
the gridseed5 price is dropping like
https://bitcointalksearch.org/topic/220-for-gridseed-miner-good-price-537524
stone.
The calculation of the device with production of +300k could be: 5 fan, 10 cooling, 10 board, 25 chips, 10 distribution. So we are around 60 Dollar a piece.
120 selling price, who knows. the fact is that china the manufacturer and usa the product software developer at the moment and both are booming.
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