Topic: Scrypt.CC | Scrypt Cloud Mining - page 103. (Read 750579 times)

Scrypt.cc is a horrible place to go for trading.   It is way too high risk for that.   It is one thing to trade if you have a position there, it is a whole another thing to go there with the intent of making coin.   Anyway that is my thought on trading at scrypt.cc.   The market at scrypt.cc works very differently than what people are normally used to. 

I used to day trade derivatives, even complex option spreads.   That is nothing like cloud mining.   If you must trade crypto, at least do it at an exchange.  

Indeed. There's a post a few up from yours, a current complaint about being unable to withdraw. Regardless - if you read what I posted I spoke about "past problems" with withdrawals, and that that in itself is a red-flag.

I'm fairly certain I don't quote or repeat information (current or otherwise), except where I'm certain. You're quite right that I don't use scrypt.cc - I'm said that before, and I'm happy to acknowledge it. My interest came from being a potential investor (trading GHS looked like commodities trading, and I tend to prefer derivatives and commodities) and being appalled at what I saw - people continuing to invest in a site that raise major red-flags. You could well be right that I've stepped over a line: I've acknowledged before that there are people here with experience of scrypt.cc's problems, who will have a better idea than me whether the problems result from farce or fraud. If those people have concerns about my commenting - I'll stop immediately.

I really don't think "PSAs" urging caution are "scum trolling" - but again, erring on the side of caution is my approach to investments and I'm rapidly learning that not everyone shares that approach (or even regards scrypt.cc as anything other than gambling - in which case, fair enough, to each their own).

You offer no proof on anything and instead tell me to go dig out your proof.   Classic trolling.  

I already told you I've been using the site for over 1.5 years.   I have a very good idea of exactly how much KHS was sold when.   The claim you make that there is 1000x as much as what can be seen is clearly people using order books from the KHS days and saying it is MHS.   There is 1000x difference between KHS and MHS.   Don't you understand the metric system?

EDIT:  If you care to look, you'll see I only pointed out a couple of points that greatly hurt your position.   I was actually doing you a favor.  

Withdraws were broken for at least two weeks.   They have been working now for a couple of weeks.   While the withdraws were broken there was two separate things that happened.
1) Some disappeared.   A message on the site says a bug was found and audits are being done and those withdraws are being credited back to peoples accounts.   I have heard on chat that it has happened.   I didn't have that problem so I can't say more.
2) Many withdraws were credited back to accounts after a week and the autobuy feature was enabled on all accounts at about the same time.   That happened twice.

Now withdraws are working, but very slow.  I've had 3 paid since the withdraws started working.  So you were incorrect in saying the site is broken and that people can't get withdraws.    However, withdraw are currently painfully slow.


Quoting or repeating information that isn't current is irresponsible.   You clearly aren't using scrypt.cc and you only have second-hand information.   Making claims based on second-hand information is irresponsible.   It is fine to say there have been reported issues and to urge caution.   I think you have stepped over that line.   Why even get involved?  There are plenty involved with scrypt.cc that are already reporting the problems.   The scam cheerleading is just noise that actually confuses the issues.   People look at is and say, oh, that is just rabble trolling for trouble.   Well at least that is what I often think.  
    

I can't recreate the orderbook at the time. Read back a few pages; this was noted by people other than myself. And you're seriously throwing out that stonerfest shitshow of an IRC as some sort of validation? Are you going to start a debate with me over the fact that Marcelo lies about mining entirely and that every bit of MHS/GHS is made up?

You didn't show any math or proof.   There isn't any.   There was 500000000 KHS being bought and sold, not there is 500000 MHS being bought and sold.   Right now there is less than 80000 MHS listed for sale.   If there was 6 THS one would expect 1000x that much up for sale.    The 500 GHs figure is exactly what the Admin claimed was sold to the users.

Go on the #scrypt.cc chat and ask people how much MHS is out there.     

I've been at scrypt.cc since Feb. of 2014, I have a pretty good idea of exactly how much mining was sold.   However I think the true amount of mining a scrypt.cc is closer to 160 GHs.    Throwing out wild numbers doesn't make them true.

Good thing you're back. Did you forget about this little gem? Openly gloating about your profit from others' loss shows that you're part of the shill crew and only serves as evidence of this as a Ponzi:

And once again, you attempt to refute math with bullshit. If you can't do any better than that just stop. Just fucking stop. It wasn't a wild claim, it was arrived at by counting the MHS for sale in the site's orderbook. Have you taken over for Kenny with your bi-polar quasi-defense of this outright scam?

They were all under 3 BTC. Perhaps Scrypt.cc only processes withdraws that are tiny in order to create chatter that you can withdraw.

(Apologies for the quote tree, not got time to prune and context matters more than brevity).

Numerous people, on numerous threads, in multiple different cultures and languages, have said they've not received requested withdrawals. ThorSWO offered - by way of "proof" - a bitcoin address. Analysis of the address showed that the transactions ThorSWO claimed - two 4 BTC withdrawals - didn't occur in a range of several days either side of ThorSWO's claimed date. Oh, and you've acknowledged withdrawals didn't work for you - and I have no reason to doubt you! To be honest, at this stage, without any credible explanation for past problems with withdrawals (and particularly with autoreinvest) even if withdrawals started going through for everyone, all the time, I'd still regard the past problems as a major red-flag.

Re: scam. Sure, lots of people claim it's a scam. You'll notice that I don't. I simply don't know - but it doesn't matter. Whether the problems people have documented is due to scrypt.cc being a HYIP, a ponzi, or simply a very badly run site - it's far too big a risk.

Re: ambiguity. Fair enough. My view is that anyone who doesn't err on the side of caution when it comes to giving any kind of investment advice is irresponsible. But you're right, that's my view.

Still the same old 300 page time wasting and swearing crew out here

Many of the posts claiming scams are not accurate,  I pointed the 6THs claim is totally incorrect.   There are always lots of on-lookers that always want to climb on the scam wagon for whatever reason.   People that don't have any direct involvement with the site are really not in a position to know what is really going on.    


How do you know the BTC wasn't received?    So what he doesn't want to show you proof, that is his business.   I'm not going to show you transactions to my wallet either.   I don't want to tie that wallet to my account here.   That is a persons freedom. 

Personally I know withdraws weren't working and now my last 3 have gone through, although it took a while.    I now have 5 more withdraws I've started and I'll see how those go.  Before the hack and after the power failure, I actually received a withdraw for 20 BTC.   I have no problem believing someone could have had a 4 BTC withdraw. 


I'm not ambiguous at all.   I've clearly stated the problems I know about and stated I don't recommend people invest BTC there.    That is completely clear.    I've done that on multiple forums and chats.   If you don't like that I don't agree with you, that is your problem.   I have a right to my own views.  

There are real problems and I do believe more hashing was sold than actual mining exists for it, but that isn't the same as there isn't any mining there.   I think that is the reason the yield per MHS is so low now and also why it has taking so long for the site to recover from the hack.   However that is just my theory.  

Why not? It warns potential investors away from the site - worst case scenario they miss out on an opportunity to make more money, best case scenario they avoid losing money. I can't see how silence helps, apart from scrypt.cc. Unless exposure threatens existing "investors", in which case they're complicit.

Except it probably isn't working. Even ThorSWO has been unable to show they received their alleged pair of 4 BTC withdrawals, and there are plenty of posters here who can testify to cancelled withdrawals. Any inability to withdraw is a serious problem, even if some punters can withdraw some (or even all) of their BTC.

Well, that's good, but you could perhaps be less ambiguous with your warnings. Sticking them at the end of posts is much like the small print at the end of an IPO prospectus.

I don't really understand why anyone would risk their reputation and other peoples' money by promoting scrypt.cc in any way, unless there was something in it for them.

Giving up and running around scream SCAM is what doesn't do any good.   Site is still alive and working.   I have my personal theories about what is wrong and what isn't.   For example I think the yield seen right now are reflective of the actual amount of mining going on.    However while it is up and working, there is a lot better chance at recovery than if it isn't working.   

While I think that many shooting scam are doing any good, at the same time I don't encourage anyone to go there.   However greed will drive many there.   Hopefully I'll be completely out before it fails for good.

still optimistic .?..that will ultimately do no good

It seems that many of the posters writing about the site clearly aren't using it and don't have any real experience with using it.   There are some very wild statements being thrown around that are completely wrong.   Such as the site has 6 THs of scrypt mining ... that is just made up nonsense.    

Right now the major issues are:
1) WDs are very slow.   At least they are happening again, but it isn't within 24 hours.
2) Admin has been quiet for a long time, he used to chat often with people.
3) Mining awards are still around 1/3 what they probably should be.   Price has adjusted but many had problems with that.
4) Autobuy should stay off when it is turned off.  

At least the mining awards have stopped dropping and WD are happening.   Stability is necessary.   The "hack" really caused many a lot of pain.   However things have improved from a few weeks ago.   That isn't a recommendation to put BTC into it and it may be hard to get it out.  

Are you sure its not alpha? LMFAO

I just remembered that when the site had it's own forum, TheCleanGame used to say that site was beta and that's why admin couldn't answer all the support messages. They weren't expecting so many people to sign up.

Maybe the site is still beta and that's why it's having so many problems.....

It's a shame those forums went. There was some glorious bullshit posted by TheCleanGame on there.

Well, you both seem to acknowledge that there's a problem with the site. It doesn't really matter whether iambitcoin5 is right, and scrypt.cc "hacked" its users, or whether dyask is right and the problem is less malign - there's clearly a problem going on.

It isn't actually clear what went on.   What has happened at the site since then does indicate there is a problem going on.