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Topic: scrypt.cc is provably lying about their 850GH/s Scrypt mining - page 5. (Read 13529 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
So, scrypt.cc is just a ponzi which goes very popular, so their fake KHS sales is at a very high volume that is even bigger than the current biggest pool... They maybe just intended to scam small from some users, however they didn't expect that the site goes very popular... That is, they may wanted to sell just 1 GHS for 20000 satoshi per KHS or above (that price was the KHS price there when I first joined scrypt.cc), for a total of 200 BTC, however they found this popular and hence dump more and more KHS to the market, by this estimation they may have scammed over 1000 BTC (deducted the amount that they paid as 'mining income').
hero member
Activity: 616
Merit: 500
something something Bitcoin
I wonder if there's an easy way to do a real-time demo of what happens when you suddenly add just 2-3 Gh/s to some of these altcoins - how quickly the diff adjusts and overtakes any profitability advantage one might have had over mining LTC. I don't think folks realize how many of the non-LTC coins adjust diff every few, or even every block, precisely to prevent larger miners from taking over.
legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
i dont care if they mine or not , as long as they pay out get the fuck off me man , go get a life

so you dont mind that they rob peter to pay paul ehhh.. ok i know where you stand!!

best regards
d57heinz

Now comes the part where you'll get called a bunch of names for taking this position. It's cool though, because, THE PROFITS MAN.

Yea im used to it   ltcgear hardened me Wink
legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
Scrypt.cc is obviously a ponzi but none of those investors care about it or our words until the ponzi collapses or when they steal their coins. Undecided

@cryptodevil: You should do any other things. This is no use at all because none of the investors or potential greedy investors care our eords. Better not to waste your precious time.

WHY WHY would you not want this info out there.. I dont feel its a waste of time at all.. If you want to see these scams continue then yes this isnt needed.. Just makes me wonder what it is you do or what site it is that you run??? Roll Eyes

Best Regards
d57heinz
hero member
Activity: 616
Merit: 500
something something Bitcoin
i dont care if they mine or not , as long as they pay out get the fuck off me man , go get a life

so you dont mind that they rob peter to pay paul ehhh.. ok i know where you stand!!

best regards
d57heinz

Now comes the part where you'll get called a bunch of names for taking this position. It's cool though, because, THE PROFITS MAN.
legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
i dont care if they mine or not , as long as they pay out get the fuck off me man , go get a life

so you dont mind that they rob peter to pay paul ehhh.. ok i know where you stand!!

best regards
d57heinz
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Scrypt.cc is obviously a ponzi but none of those investors care about it or our words until the ponzi collapses or when they steal their coins. Undecided

@cryptodevil: You should do any other things. This is no use at all because none of the investors or potential greedy investors care our eords. Better not to waste your precious time.
hero member
Activity: 616
Merit: 500
something something Bitcoin
If you want extra credit: Look at the trading volume in BTC on those top 20 coins, and compare that to how much BTC is being paid out by Scrypt.CC on days it actually pays. Assuming he can mine all these magic coins, where in the fuck is he selling them?
legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Ok, class, anyone feeling a little unwell can excuse themselves and go see your therapist about learning to accept loss. While you're there, ask him to teach you some critical thinking skills.

For the rest of you, this is gonna be FUN!!!!

850GH/s of Scrypt
-12GH/s - 'Unknown' on LTC
-28GH/s - The entire network hashrate of the top 8 Scrypt coins
---------
810GH/s

We now look further down the list of Scrypt coins, to those that aren't necessarily more profitable to mine than LTC but, because so many of you little darlings want to pretend that your beloved, 'Admin' has some super-clever way to mine less profitable coins on the sly and then sell them during tiny market-value increases that *might* lift them above LTC, we'll indulge you:


So we're going to allow for PLENTY of wiggle-room here and go pretty far down this list. Digibyte shows a global Scrypt hash of 260Mh/s according to their own stats.

When we add up ALL the above network hashrates (omitting LTC obv.) we get: 14.52GH/s

Ouchie.

But, hang on, maybe something magical happens when you do the sums? Let's see:

850GH/s of Scrypt
-12GH/s - 'Unknown' on LTC
-28GH/s - The entire network hashrate of the top 8 Scrypt coins
-15GH/s - The entire network hashrate of the remaining top 20 Scrypt coins
---------
795GH/s

OH NOES!!!!

What does that mean? ARGH!!! The sky is actually fucking falling!

So, kiddlies, even if we pretend *real* fuckin' hard that scrypt.cc is mining ALL of the ENTIRE top 20 Scrypt coin networks, we're still left with 795GH/s of mining that . . .well. . .huh?

B. . .Bu. . .But. . .Marcelo!





Class is excused.
legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Anyhoo, while we wonder aloud where Neil might have got to, let's carry on with the compleximacation mathemitcallasthnetics, hmm?

So, as I was saying:

850GH/s of Scrypt
-12GH/s
---------
838GH/s of Scrypt that is apparently being pointed at other Scrypt coin networks.

First, let's take a look at the top 8 Scrypt coins you can mine which will payout more of their own coins in value than that wot u wud get frm LTC


Now, again, each of these coins have their own pools which generally account for the hashrate you see here but, just for funzies, let us play a game of pretend, ok children?

Let us all close our eyes real tight and make a wish as *hard* as we can and wish that ALL the mining of these coins is being done solely from the 838GH/s of Scrypt mining power scrypt.cc are left with after you finally accept they ain't fucking mining LTC with it.

According to the only pool I can find for Tagcoin http://tagmining.com/ it has 40MH/s hashrate. So we'll work with that figure.

When we add up all of the above network hashrates we get: 27.73 GH/s

That's ALL of them listed above and, let's not forget our fun game of pretending that nobody else is mining these coins apart from scrypt.cc, ok?M'kay.

Back to the math:

850GH/s of Scrypt
-12GH/s - 'Unknown' on LTC
-28GH/s - The entire network hashrate of the top 8 Scrypt coins
---------
810GH/s

Ooooh, it's not looking good for the next lot of Scrypt coins to list. Feeling a little nauseous now, are ya?

. . . .to be continued.




legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
And Lo and behold when you go to the site of this graph it has listed at the bottom to email them to list that pool. YOU HAVE TO GET THEM TO LIST YOUR POOL. SO IN OTHER WORDS MORON, YOUR AN IDIOT!!! Only the polls that have been listed there will show on that graph. My god

Ok, cryptodevil, breathe. Don't let the stupid overwhelm your ability to type reasoned rebuttals.

*cough*

Ok Neil, how about you do us all a quick favour and pop on over to https://bitcoinwisdom.com/litecoin/difficulty and tell the class what the total hashrate is for the entire LTC network, hmmm?

How does that compare to the figure shown in the pool graph breakdown?

[While we're waiting for Neil to hear the loud clanging of that penny dropping, I'll explain it to you - The total hashrate displayed in that first graph *is* the total hashrate for the entire fucking LTC network. The 'email us to have your pool included' is to, you guessed it, notify them of your pool being part of the 'unknown' figure. The 12GH/s figure]

HEY, NEIL! WHERE YOU GOING? COME BACK AND TELL THE CLASS WHAT YOU FOUND!




legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
So, hopefully the dizzying math hasn't confuzzled your brainiums too much so far.

But, now, I'm going to have to ask you to pay even closer attention, because things get *real* complimacated now:

850GH/s of Scrypt
-12GH/s
---------
838GH/s of Scrypt that is apparently being pointed at other Scrypt coin networks.

I'll shout it so you all hear at the back, MERGE-MINED COINS USE THE SAME HASH AS DISPLAYED FOR LTC SO DISREGARD DOGECOIN AND VIACOIN etc.

Don't believe me? Fine, let's show you an example of a pool mining LTC with DOGE and VIA merge-mined.


Are you able to agree, now, that merge-mined coins clearly are not to be counted as additional hashrates for that 838GH/s ?

. . . .to be continued so as to not overload with complex mathematicalistics. But I'm betting you're starting to get a sinking feeling in your little tummies about now.



legendary
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
Quote from: cryptodevil
Don't worry. they're not mining. So that's one less thing for you to have to worry about them robbing from you.

850GH/s of Scrypt. Do the math.



U keep saying that, but since u have so much free time and are so good in math, how about u do the math for once and show us?

The reason I keep saying it is because I keep fucking proving it. Are you lot so goddam lazy that you really can't be arsed to check some basic math before throwing your BTC at an easily-provable scam?

Fine, yes, I do have some time at this moment. I'm supposed to be finishing off some other work but this well of human stupidity keeps drawing me back in like some old-worlde freak-show. Let's run through it, shall we?

Now, children, are you paying attention, you don't want to get overwhelmed by the incredible complexity of what I am about to explain to you.

Scrypt.cc claim to be mining 850GH/s of Scrypt coin.

So, first let's take a look at the mack-daddy of Scrypt coins, LTC. With 850GH/s potentially available to them, there's absolutely no point in  mining at a pool because then they'd be paying pool fees and, besides, with a potential 71.9% of the entire hashpower for LTC in their pocket, they'd easily out-mine any fucking pool out there.

Checking the actual stats we see what, children?


That's correct, kiddos, "Unknown" accounts for just 12GH/s of mining. Now it is extremely unlikely that "Unknown" would only be one entity, but just to be generous let's pretend for shits'n'giggles that "Unknown" is all scrypt.cc mining. K? M'Kay.

850GH/s of Scrypt
-12GH/s
---------
838GH/s of Scrypt that is apparently being pointed at other Scrypt coin networks.


. . . .to be continued but I want to just let this sink in first. I think you know what's coming next.


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