Latest update from the site:
"June 29, 2015 - Tomorrow (June 30, 2015) at 09:00 (Brasilia) All users will be prompted to change usernames, PINs and passwords. The system will remain in lockdown until July 1, 2015 09:00, at this time the lockdown will be lifted and trading, withdrawing, depositing and mining will resume. We apologize for missing our ETA date, the audit took longer then expected."
Topic: Is Scrypt.cc a scam? +Updates - page 3. (Read 20610 times)
Site looks operational, even with a seemingly correct amount on the account, only if the withdrawal page would work 
Quote
And now, the end is near;
And so I face the final curtain.
My friend, I'll say it clear,
I'll state my case, of which I'm certain.
I've lived a life that's full.
I've traveled each and every highway;
And more, much more than this,
I did it my way.
Regrets, I've had a few;
But then again, too few to mention.
I did what I had to do
And saw it through without exemption.
I planned each charted course;
Each careful step along the byway,
And more, much more than this,
I did it my way.
Yes, there were times, I'm sure you knew
When I bit off more than I could chew.
But through it all, when there was doubt,
I ate it up and spit it out.
I faced it all and I stood tall;
And did it my way.
I've loved, I've laughed and cried.
I've had my fill; my share of losing.
And now, as tears subside,
I find it all so amusing.
To think I did all that;
And may I say - not in a shy way,
"Oh no, oh no not me,
I did it my way".
For what is a man, what has he got?
If not himself, then he has naught.
To say the things he truly feels;
And not the words of one who kneels.
The record shows I took the blows -
And did it my way!
Yes, it was my way.
And so I face the final curtain.
My friend, I'll say it clear,
I'll state my case, of which I'm certain.
I've lived a life that's full.
I've traveled each and every highway;
And more, much more than this,
I did it my way.
Regrets, I've had a few;
But then again, too few to mention.
I did what I had to do
And saw it through without exemption.
I planned each charted course;
Each careful step along the byway,
And more, much more than this,
I did it my way.
Yes, there were times, I'm sure you knew
When I bit off more than I could chew.
But through it all, when there was doubt,
I ate it up and spit it out.
I faced it all and I stood tall;
And did it my way.
I've loved, I've laughed and cried.
I've had my fill; my share of losing.
And now, as tears subside,
I find it all so amusing.
To think I did all that;
And may I say - not in a shy way,
"Oh no, oh no not me,
I did it my way".
For what is a man, what has he got?
If not himself, then he has naught.
To say the things he truly feels;
And not the words of one who kneels.
The record shows I took the blows -
And did it my way!
Yes, it was my way.
Update from the site:
"June 24, 2015 - Today the hackers came back in and cleaned our databases taking our chat room with it.
This doesn't effect us at all since we have many images of the database before the attack. We'll be up and running on a clean and safe server by tomorrow. Once we're on the new server, we'll rollback everyone's KHS/BTC balances prior to the attack and you will be able to login once again.
Our ETA stands at June 30th if everything runs smoothly, once we "relaunch" all user balances will be available for withdraw.
Current mining rewards are being used to recover some of the losses.
We will update once we're on the new server, Take care!
June 26, 2015 - Today we finished the move to our new server. It took longer then expected due to some difficulties we encountered.
We're now running audits on all of the accounts. Once the account's been audited and verified, that account will be able to login.
Once all of the accounts have been audited and verified we'll enable trading and withdraws."
I can confirm I am able to login. My BTC balance and hashrate seems to be there....
They haven't finished yet so market is not working.
"June 24, 2015 - Today the hackers came back in and cleaned our databases taking our chat room with it.
This doesn't effect us at all since we have many images of the database before the attack. We'll be up and running on a clean and safe server by tomorrow. Once we're on the new server, we'll rollback everyone's KHS/BTC balances prior to the attack and you will be able to login once again.
Our ETA stands at June 30th if everything runs smoothly, once we "relaunch" all user balances will be available for withdraw.
Current mining rewards are being used to recover some of the losses.
We will update once we're on the new server, Take care!
June 26, 2015 - Today we finished the move to our new server. It took longer then expected due to some difficulties we encountered.
We're now running audits on all of the accounts. Once the account's been audited and verified, that account will be able to login.
Once all of the accounts have been audited and verified we'll enable trading and withdraws."
I can confirm I am able to login. My BTC balance and hashrate seems to be there....
They haven't finished yet so market is not working.
Pull your money out as fast as you can.
Never try to catch a falling knife.
Never try to catch a falling knife.
knife is not falling anymore
If the site comes back and if we are able to make withdraws, we will see
I would counter and say that the knife is still falling until the site comes back and you can make withdraws.
I guess this was going to happen eventually.
Pull your money out as fast as you can.
Never try to catch a falling knife.
Never try to catch a falling knife.
knife is not falling anymore
If the site comes back and if we are able to make withdraws, we will see
I would counter and say that the knife is still falling until the site comes back and you can make withdraws.
And the saga continues.
Quote
June 22, 2015 - Around 24 hours ago, I (Marcelo Santos AKA Admin) was finishing our server upgrade, We've been doing the switch step by step for the past two weeks. The last part was the accounts database and the trade engine. I put a notice up here around the time I was finishing the switch, users that were online at the time probably noticed. After I completed, I ran a upgrade on the new server and left on a personal trip with my family in which I was unreachable until now.
Around 14 hours ago our database was breached, the hacker credited himself BTC and KHS and withdrew BTC until our withdraw wallet was empty. He then proceeded to make suspicious orders in the market in which the market automatically turned itself off. This sent a alert to myself and other support staff, one of them seeing what was happening but not being able to do much as he does not have back-end access, he enabled our "Panic" mode in which put the whole site on lock down. But the hackers still managed to gain access and steal the coins from the hot wallet and the backup withdraw wallet.
Bad news: We had a large amount of BTC stolen, most of which were ours.
Good news: Our server runs hourly database backups and a backup was made minutes before their first attack and right before the lock down. So all user information is safe.
The site will stay online while we investigate further and plan out our next steps.
Balances will show 0 for the time being as we work on the database.
According to the blockchain some users are still depositing into their accounts, DO NOT MAKE ANY MORE DEPOSITS since the hackers still have access to the hotwallets.
Please have patience and I'll keep everyone updated as we execute our next steps.
Update: Aside from the stolen coins, there's no other damage done. We have found the entry point and we're ready to move on. We're in the progress of installing a new server and should be back in business within a week.
There's a lot of speculation regarding KHS/BTC balances, all balances will be rolled back to the last backup before the lock down.
You will be forced to change your emails, password and PIN upon your first login. (These are hashed but it's good practice to reset after a breach like this).
It was a big blow, but we'll come out stronger then ever. We appreciate the patience and all of the kind words we have recieved. I'll update as we make progress.
Around 14 hours ago our database was breached, the hacker credited himself BTC and KHS and withdrew BTC until our withdraw wallet was empty. He then proceeded to make suspicious orders in the market in which the market automatically turned itself off. This sent a alert to myself and other support staff, one of them seeing what was happening but not being able to do much as he does not have back-end access, he enabled our "Panic" mode in which put the whole site on lock down. But the hackers still managed to gain access and steal the coins from the hot wallet and the backup withdraw wallet.
Bad news: We had a large amount of BTC stolen, most of which were ours.
Good news: Our server runs hourly database backups and a backup was made minutes before their first attack and right before the lock down. So all user information is safe.
The site will stay online while we investigate further and plan out our next steps.
Balances will show 0 for the time being as we work on the database.
According to the blockchain some users are still depositing into their accounts, DO NOT MAKE ANY MORE DEPOSITS since the hackers still have access to the hotwallets.
Please have patience and I'll keep everyone updated as we execute our next steps.
Update: Aside from the stolen coins, there's no other damage done. We have found the entry point and we're ready to move on. We're in the progress of installing a new server and should be back in business within a week.
There's a lot of speculation regarding KHS/BTC balances, all balances will be rolled back to the last backup before the lock down.
You will be forced to change your emails, password and PIN upon your first login. (These are hashed but it's good practice to reset after a breach like this).
It was a big blow, but we'll come out stronger then ever. We appreciate the patience and all of the kind words we have recieved. I'll update as we make progress.
any information are scrypt cc still live or dead now ?
i want to try trade khs at scrypt CC not want to mining
i want to try trade khs at scrypt CC not want to mining
Pull your money out as fast as you can.
Never try to catch a falling knife.
Never try to catch a falling knife.
knife is not falling anymore
If the site comes back and if we are able to make withdraws, we will see
Pull your money out as fast as you can.
Never try to catch a falling knife.
Never try to catch a falling knife.
not scam, but only disappointed. buy at price 0.0007 and now the price is 0.0000xx 
that a huge decrease investmen how many you buy ghs in scrypt cc ?
Actually, the price is irrelevant
In the early days of scrypt.cc it was much more than stated above, because it reflected the price of the miners bought. But as time passes, the price of each KH/s is driven by market's demand, I have bought quite a lot at 10 sat also (!)
Each KH/s produces revenue daily (paid every 10 minutes), which actually covers the initial investment and gives you profit. The time needed for ROI can vary a lot, it depends on the price you bought your hashrate, if you re-invested, market conditions and hundreds of other factors. Last time (yesterday), ROI was calculated to occur in 67 days.
not scam, but only disappointed. buy at price 0.0007 and now the price is 0.0000xx
that a huge decrease investmen how many you buy ghs in scrypt cc ?
Well, I would say with 95% change there re gone. However, the guy asked users NOT to deposit anymore and stated the hacker mostly stole their BTC. That s a bit strange behavior for a ponzi. Maybe they do come back, who knows.
That's very true
Latest update from the site's announcements:
"Update:
Aside from the stolen coins, there's no other damage done. We have found the entry point and we're ready to move on. We're in the progress of installing a new server and should be back in business within a week.
There's a lot of speculation regarding KHS/BTC balances, all balances will be rolled back to the last backup before the lock down.
You will be forced to change your emails, password and PIN upon your first login. (These are hashed but it's good practice to reset after a breach like this).
It was a big blow, but we'll come out stronger then ever. We appreciate the patience and all of the kind words we have recieved. I'll update as we make progress."
If they roll back each user to the balance and hashrate he had before the incident (as they say above), then the site is 100% legit
Well, I would say with 95% change there re gone. However, the guy asked users NOT to deposit anymore and stated the hacker mostly stole their BTC. That s a bit strange behavior for a ponzi. Maybe they do come back, who knows.
This is all nice and dandy but it s obvious they are over profitable. No current miner can provide 60 days ROI and they cannot explain it. So, in one word, SCAM!!!
you were never good at math, were you?
currently, scrypt.cc pays 13.3831 satoshi per KH/s
this means approx. 0.00013383 BTC/MH/day
current LTC profitability is 0.00032946 BTC/MH/day
so, all expenses are covered and you get paid
and you would probably be paid less than what the mining power you hold actually produces, at current prices
only thing you could do better, is to get the equipment, set it up and actually mine yourself those coins
Edit: and don't expect them to "explain" what is obvious, only a moron would ask them to "explain their profitability". Numbers clearly show that you get paid approx. 1/3 of what the mining power you hold is producing, if not even less. I wonder who is the idiot that started claiming that "scrypt.cc is over profitable" in the first place - and you all started saying the same thing as parrots.
and now deduct energy/operating/Hardware Cost and you will see that profit is hardly possible.
Espacially with the Backgroud that some People from Brazil reported that:
a) to get Miner into Brazil is a fucking Adverture and they often Stuck in Custom and you have to pay like 100% Tax
b) The electric Rate "Admin" claim to have are no realistic in that area of Brazil or in Brazil in general.
First things, first:
a. There is no hardware cost. When the hashpower was originally sold and distributed from administration to users, it was paid. Now, only users trade between them, in whatever price they want, it is a free market.
b. Electricity and operating costs are well covered by the 2/3 of the income produced and the hashpower owners still hold
c. To get miners in any country is an adventure, if you haven't tried it you probably have no idea what this means. Just informing you that I have done this and the tax cost is always very high, especially when we are talking about a large number of miners. Of course, there are a lot of workarounds, which cannot be described in a forum.
and, d. yes, it is realistic.
And finally, let me be fair:
As I type this, scrypt.cc has announced it has been hacked. It may be true or it may be just another scamsite that ended its life circle, I am in no position to tell. Good news is that I haven't lost anything, because I was cautious and didn't invest more than I had earned (I actually made some btc). Bad news is that I lost my time and didn't got out a few days ago, while I was thinking to do so, it would have got me a good profit.
The whole concept of this conversation is/was if scrypt.cc is/was operating under realistic conditions and, according to my opinion, this is the case. It is (or was) able to make a profit. Till today, nobody had lost his bitcoin to this site. I have no idea what will happen from now on, don't ask me.
In my books, any exchange or bitcoin related site that asks for personal information and identification documents can send you straight to jail when the time comes, it is dangerous and it is clearly used as a trojan horse against Bitcoin and the cryptocurrency community.
That is, and pardon my French, bull
In the real world you're in serious trouble if you handle large amounts of money without a decent KYC procedure.
For example the UK: https://www.gov.uk/government/collections/serious-crime-bill
Quote
• allows people suspected of committing an offence overseas under sections 5 (preparation of terrorism acts) or 6 (training for terrorism) of the Terrorism Act 2006 to be prosecuted in the UK
This goes as far that if you're delivering a service (say, exchanging 0,25 BTC for LTC) for someone who acts on behalf of a UK Ltd, but lives somewhere else and has no ties with the UK, YOU as exchange can be prosecuted for aiding terrorism if that person has links with "supposed" terrorism. Unfortunately that's not too far fetched and that's why a lot of exchanges for example have ramped up KYC procedures.
Excuse me, but criminal groups and terrorists (real or supposed to be ones) fund themselves quite well through banks and USD, GBP or EUR accounts. They don't really need Bitcoin or any altcoin to fund themselves, transfer amounts of money or buy/sell anything they want, including drugs, people and conventional or nuclear weapons. All the traditional channels work fine for them. And don't forget that they are funded and supported even with government money, in a large number of countries.
If I was with them, I wouldn't go into trouble to use Bitcoin for such transactions.
Actually, the Terrorism Act 2006 is bullshit - pardon my French ;-) - because they haven't solved the problem for many decades in the "real world" or whatever you would like to call it, how do you expect them to solve a supposed-to-be-problem that they have no idea if it even exists?
So, since criminal groups and terrorists have no problem at all operating with the current system of crooks (banks, politicians, large multi-national companies etc), the only real reason for these measures is to monitor people who make transactions with Bitcoin in order to A. get tax revenue out of thin air and B. prosecute whoever they want for "suspicious activities".
And one last thing: the fundamental principle of Bitcoin's existence is to be able to make P2P transactions, anonymously and without any regulating authority. If this is taken away, Bitcoin doesn't have any reason to exist anymore, period. Let's all use banks and credit cards and let them rule our lives, at least we won't be wasting our time.
Up up any problem with scrypt.cc no trade no rewards
This is all nice and dandy but it s obvious they are over profitable. No current miner can provide 60 days ROI and they cannot explain it. So, in one word, SCAM!!!
you were never good at math, were you?
currently, scrypt.cc pays 13.3831 satoshi per KH/s
this means approx. 0.00013383 BTC/MH/day
current LTC profitability is 0.00032946 BTC/MH/day
so, all expenses are covered and you get paid
and you would probably be paid less than what the mining power you hold actually produces, at current prices
only thing you could do better, is to get the equipment, set it up and actually mine yourself those coins
Edit: and don't expect them to "explain" what is obvious, only a moron would ask them to "explain their profitability". Numbers clearly show that you get paid approx. 1/3 of what the mining power you hold is producing, if not even less. I wonder who is the idiot that started claiming that "scrypt.cc is over profitable" in the first place - and you all started saying the same thing as parrots.
and now deduct energy/operating/Hardware Cost and you will see that profit is hardly possible.
Espacially with the Backgroud that some People from Brazil reported that:
a) to get Miner into Brazil is a fucking Adverture and they often Stuck in Custom and you have to pay like 100% Tax
b) The electric Rate "Admin" claim to have are no realistic in that area of Brazil or in Brazil in general.
According to google, it's very realistic.
This is all nice and dandy but it s obvious they are over profitable. No current miner can provide 60 days ROI and they cannot explain it. So, in one word, SCAM!!!
you were never good at math, were you?
currently, scrypt.cc pays 13.3831 satoshi per KH/s
this means approx. 0.00013383 BTC/MH/day
current LTC profitability is 0.00032946 BTC/MH/day
so, all expenses are covered and you get paid
and you would probably be paid less than what the mining power you hold actually produces, at current prices
only thing you could do better, is to get the equipment, set it up and actually mine yourself those coins
Edit: and don't expect them to "explain" what is obvious, only a moron would ask them to "explain their profitability". Numbers clearly show that you get paid approx. 1/3 of what the mining power you hold is producing, if not even less. I wonder who is the idiot that started claiming that "scrypt.cc is over profitable" in the first place - and you all started saying the same thing as parrots.
and now deduct energy/operating/Hardware Cost and you will see that profit is hardly possible.
Espacially with the Backgroud that some People from Brazil reported that:
a) to get Miner into Brazil is a fucking Adverture and they often Stuck in Custom and you have to pay like 100% Tax
b) The electric Rate "Admin" claim to have are no realistic in that area of Brazil or in Brazil in general.
In my books, any exchange or bitcoin related site that asks for personal information and identification documents can send you straight to jail when the time comes, it is dangerous and it is clearly used as a trojan horse against Bitcoin and the cryptocurrency community.
That is, and pardon my French, bull
In the real world you're in serious trouble if you handle large amounts of money without a decent KYC procedure.
For example the UK: https://www.gov.uk/government/collections/serious-crime-bill
Quote
• allows people suspected of committing an offence overseas under sections 5 (preparation of terrorism acts) or 6 (training for terrorism) of the Terrorism Act 2006 to be prosecuted in the UK
This goes as far that if you're delivering a service (say, exchanging 0,25 BTC for LTC) for someone who acts on behalf of a UK Ltd, but lives somewhere else and has no ties with the UK, YOU as exchange can be prosecuted for aiding terrorism if that person has links with "supposed" terrorism. Unfortunately that's not too far fetched and that's why a lot of exchanges for example have ramped up KYC procedures.
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