Scrypt.CC | Scrypt Cloud Mining - page 105.

dyask

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Quote from: Soylent_Green on September 06, 2015, 05:06:43 AM

Quote from: dyask on September 06, 2015, 04:10:19 AM

However the price of the MHS is controlled by the market, not by scrypt.cc.

The people control the price of the MHS, but try to reach a low ROI. And this is directly linked to the Rewards. Is the Reward down follows the MHS price. Increases the Reward, the price of the MHS increases. The only constant is the ROI. So you can certainly say that Scrypt.cc / Admin has direct, not to be underestimated influence on the MHS prices.

The "ROI", days to breakeven isn't constant. You can see it varies a lot. www.sccstats.com

It seems there are a lot of people here talking about scrypt.cc without any direct experience. Right now the major issue is withdraws are very slow. There are several other pending issues:

* After the hack, the yield returned to the holders was 20% and it doesn't seem that it ever was returned to the 100% level.
* 37 MHs missing from many accounts, value ~ 0.03 BTC
* Site chat is down and the Admin hasn't been talking much

Scrypt.cc has been around a long time there have been a lot of problems come and go.

Soylent_Green

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Quote from: dyask on September 06, 2015, 04:10:19 AM

However the price of the MHS is controlled by the market, not by scrypt.cc.

The people control the price of the MHS, but try to reach a low ROI. And this is directly linked to the Rewards. Is the Reward down follows the MHS price. Increases the Reward, the price of the MHS increases. The only constant is the ROI. So you can certainly say that Scrypt.cc / Admin has direct, not to be underestimated influence on the MHS prices.

dyask

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Quote from: Viper_Unleashed on September 06, 2015, 04:27:31 AM

Quote from: dyask on September 06, 2015, 04:10:19 AM

That is true for hashing power already held. Likewise when the yield goes up the break even point can be hit sooner. Generally the yield is down with mining. However the price of the MHS is controlled by the market, not by scrypt.cc.

Are you talking about the market in trade page of scrypt.cc site or the general real market outside Huh

The market on trade page.

Viper_Unleashed

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Quote from: dyask on September 06, 2015, 04:10:19 AM

That is true for hashing power already held. Likewise when the yield goes up the break even point can be hit sooner. Generally the yield is down with mining. However the price of the MHS is controlled by the market, not by scrypt.cc.

Are you talking about the market in trade page of scrypt.cc site or the general real market outside Huh

Crestington

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LMGTFY

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Quote from: dyask on September 06, 2015, 04:10:19 AM

Quote from: LMGTFY on September 06, 2015, 02:19:33 AM

Quote from: dyask on September 06, 2015, 01:25:28 AM

Quote from: iambitcoin5 on September 05, 2015, 11:56:20 PM

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold. That has nothing to do with scrypt.cc being a scam or not. The prices are very low per MHS because the yield is very low. It was set to 20% after the hack and never restored. Prices just adjusted to the lower return. It is a free market. That is all.

If the yield goes down the ROI point should be further away, no?

That is true for hashing power already held. Likewise when the yield goes up the break even point can be hit sooner. Generally the yield is down with mining. However the price of the MHS is controlled by the market, not by scrypt.cc.

Agreed. What I'm struggling with is - assuming a free market - why has yield risen to the point where ROI is "way shorter than the competition / too good to be true"? My assumption would be that there are external factors - that the market (scrypt.cc) isn't as free as it appears. To give an analogy, the last time I was almost tempted by something too good to be true was arbitrage between exchanges a couple of years back. At the time, it was possible to deposit fiat in a Japanese exchange, BTC in a Chinese exchange, and then buy BTC in the former and sell BTC in the latter for a (theoretical) 5-7% profit. I assessed the risk of the Chinese exchange to be too high - I was wrong, though it did save me in the end. It turned out that the Japanese exchange - MtGox, obviously - had serious problems, and that arbitrage opportunities (like Gox withdrawals) were an illusion.

Edit: clarified that arbitrage "profits" were theoretical, obviously because withdrawals from MtGox were n't possible.

dyask

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Quote from: LMGTFY on September 06, 2015, 02:19:33 AM

Quote from: dyask on September 06, 2015, 01:25:28 AM

Quote from: iambitcoin5 on September 05, 2015, 11:56:20 PM

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold. That has nothing to do with scrypt.cc being a scam or not. The prices are very low per MHS because the yield is very low. It was set to 20% after the hack and never restored. Prices just adjusted to the lower return. It is a free market. That is all.

If the yield goes down the ROI point should be further away, no?

That is true for hashing power already held. Likewise when the yield goes up the break even point can be hit sooner. Generally the yield is down with mining. However the price of the MHS is controlled by the market, not by scrypt.cc.

ziomar

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CCMINER.NET

Quote from: ThorSWO on September 05, 2015, 06:13:33 PM

Quote from: ziomar on September 05, 2015, 05:26:35 PM

Quote from: Jude Austin on September 05, 2015, 04:12:02 PM

Haha, it's absolutely insane that this website is still being used....

Many people like me are just stuck inside... we are hostages Undecided

Oh cut the crap.
How hard is it to just sell, withdraw and never look back?
I own a ton of MHS and I could be out in a few days tops.
Find a better excuse.

I tried already 3 times and for 3 times my coins got back with auto invest on. So that's I'm saying we are hostages

cryptodevil

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Thread-puller extraordinaire

Quote from: ThorSWO on September 05, 2015, 06:13:33 PM

How hard is it to just sell, withdraw and never look back?

Sure, because that's exactly what the master plan is, isn't it, Admin/Marcello/ThorSWO. Make auto-invest force a load of people to have to keep dumping back out to btc at the decreasing price, let a few withdrawals go out and cancel the rest with a load more forced auto-invest turned back on, rinse and repeat.

I see you have help in this particular phase:

Quote from: dyask on September 06, 2015, 01:25:28 AM

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold. That has nothing to do with scrypt.cc being a scam or not. The prices are very low per MHS because the yield is very low. It was set to 20% after the hack and never restored. Prices just adjusted to the lower return. It is a free market. That is all.

Uhuh, a 'Free Market' whereby you have manipulated the conditions of the website such that nobody wants to buy, particularly now the change from 'KHS' to 'MHS' allows for the price to slip downwards so much further, compounding the losses and reducing the value of everybody's holdings to the degree that when they do eventually get to cash out, it is only a fraction of that which they have paid in and the site gets to claim it was only 'market forces' to blame. So, you know, totallynotcriminalfraud.

Except it totallyiscriminalfraud.

LMGTFY

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Quote from: dyask on September 06, 2015, 01:25:28 AM

Quote from: iambitcoin5 on September 05, 2015, 11:56:20 PM

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold. That has nothing to do with scrypt.cc being a scam or not. The prices are very low per MHS because the yield is very low. It was set to 20% after the hack and never restored. Prices just adjusted to the lower return. It is a free market. That is all.

If the yield goes down the ROI point should be further away, no?

Borgminer

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had 2 small withdraws go though . 2 pending

dyask

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Quote from: iambitcoin5 on September 05, 2015, 11:56:20 PM

Quote from: Boxyapple on September 05, 2015, 11:30:02 PM

this is probably the one of the longest on going scam I've ever known.

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold. That has nothing to do with scrypt.cc being a scam or not. The prices are very low per MHS because the yield is very low. It was set to 20% after the hack and never restored. Prices just adjusted to the lower return. It is a free market. That is all.

iambitcoin5

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Quote from: Boxyapple on September 05, 2015, 11:30:02 PM

this is probably the one of the longest on going scam I've ever known.

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true

dyask

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Activity: 854

Merit: 510

Quote from: clownius on September 05, 2015, 03:15:59 PM

7. When KHS was converted to MHS, the overall availability went from 850 "GHS" to 6000 "GHS" with no explanation

7a. During this conversion rounding was used and many people lost KHS

I don't believe either of those points are true. The amount of KHS owned and traded has been 500 GHS for some time. The trading levels since the conversion are 1000 times less than they were before the conversion. Also left over KHS was converted to BTC, it is just it isn't much BTC for less than 1 MHs.

Boxyapple

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this is probably the one of the longest on going scam I've ever known.

Phildo

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Quote from: iambitcoin5 on September 05, 2015, 09:16:29 PM

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

You don't need to brainstorm. Stop sending them money and it ends.

suchmoon

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https://bpip.org

Quote from: ajrah on September 05, 2015, 09:59:51 PM

Quote from: iambitcoin5 on September 05, 2015, 09:16:29 PM

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

that's going to be hard since we can't come into an agreement if scrypt.cc is a scam or not

if both side will agree on 1 stand only, probably this thread will not extend up to 458 pages

There isn't really any need for consensus. Whoever is capable of adding 2+2 just report known facts to the appropriate agencies in your country and don't forget Phoenix NAP too, which is likely hosting or at least routing traffic for the site.

Another important aspect is to stop depositing new funds, but there is not much that can be done about those with more money than sense. They'll probably keep funding it even if the website goes down.

There has been more than enough information available regarding all the issues surrounding scrypt.cc, from the non-existent mining to fucked up withdrawals so anyone still thinking that this might be somehow legit would not listen to any reasoning anyway. Best we can do is not let the shills to drown the facts and save a noob or two from accidentally stumbling into this shit.

james.lent

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here's a proof of their scam , they cant even process such a small withdrawal : http://prntscr.com/8d43ci

too many shill accounts on this thread. Most of them definitely being scamtos. It's a confirmed scam and it has been proven ever since they converted those mhs.

ajrah

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Quote from: iambitcoin5 on September 05, 2015, 09:16:29 PM

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

that's going to be hard since we can't come into an agreement if scrypt.cc is a scam or not

if both side will agree on 1 stand only, probably this thread will not extend up to 458 pages

iambitcoin5

hero member

Activity: 532

Merit: 500

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

Topic: Scrypt.CC | Scrypt Cloud Mining - page 105. (Read 750579 times)