Topic: Scrypt.CC | Scrypt Cloud Mining - page 260. (Read 750572 times)

It's right here in this thread. Perhaps reading before posting would be a good start.

https://bitcointalksearch.org/topic/m.11250367

 
Lets just say I have a shit load of GHs in hardware - between 500 & 850 but I want to mine the most profitable scrypt coins with minimal public exposure and network infrastructure i.e. setting up my own pools for all those possible shit coins and not so shit coins.
So I just get all the known & worth while multi coin pools lined up, setup my mines and my own system to monitor the markets, pools etc.

Then just continue to mine the crap out of any profitable scrypt based coin, switch when I need to switch or just switch some of my
GHs to another pool or coin etc.

Then this guy comes along (respect for your interest & forum activities), scans the known public record pools hash rate stats, do some maths & point out WTF, how can I claim to own 500 to 850 GHs because only a piss % of UNKNOWN mining pools exist in this data set for a specific coin!

So what if the REAL strategy is own a shit load of GHs & mine on ANY good pool at ANY time that's most profitable for the miners and split
the GHs at ANY time to create a spread ... if I had the hardware then I'll plug it that way & not deal with the EXTRA admin
of setting up dedicated pools for shit, pump/dump & yes well cool coins etc.

Just some imaginary thought that popped in my head a while back when I read these math based assumptions that lead to some conclusive "evidence".

I don't think SCC ever had their own "named" pool & by the sounds of Admin never will...

All this talk of "850" can someone please refrence where this is stated by the admin? As the only place I've seen it is in this thread mentioned by others

True.......Well Said....

Apparently not enough since you're still not getting "why". Because scrypt.cc is a pig (not to be confused with a sea pig) that many here would like to decorate with obscene amounts of lipstick. Better now?

Yes, we know that you 'tards and 'turds are fed up with us repeatedly making sure that the scrypt.cc scam details are front and center in this thread, but as you and your equally-complaining ilk fail to understand, we don't care that you don't like it and that you'd rather see it buried under flurries of shill and fanboy posts. Your not liking it does not factor into our decision to continue discussing the fraudulent operation that is scrypt.cc and their continued lies about being a cloud mining operation instead of the Ponzi-scheme that they are.

Good morning guys.. Are withdrawals and deposits work?

Beating a dead horse indeed.  Why are you guys still here?  I think you have repeated yourself quite enough already. 

...How is that even possible? There's no affiliate program there. And I don't care if anyone else invests there or not. it's a point of comparison for a legitimate cloud mining operation vs. this lie-based Ponzi.

Nice rebuttal though.

Hashnest shill.

If actual mining was taking place, it would be a trivial task for Marcelo to show network hash rates, block stats, etc. Maybe even publish a maintenance fee in USD. Not to beat a dead horse, but look at Hashnest. You really don't have to spend 40 pages in a thread debating whether mining is taking place, because they clearly own miners, find blocks, publish pool stats, publish maintenance fees in USD, and all mined BTC is verifiable on the blockchain. Just because it's LTC/Scrypt and not BTC doesn't make any of what I said less applicable because blockchains are blockchains.

No, the numbers proving they are lying work for just the 500GH they claim to have sold to users too or, if you really want to throw around arbitrary absurdities like, "Well even if they are lying they could be mining with half that", which is utter bullshit an assertion as far as reasoning goes, the same proof still stands for claims they are mining with 250GH/s Scrypt, too.

Don't forget there is only ever 20-60 GH/s of 'unknown' Scrypt miners for the whole LTC network and there is only a total in the Scrypt Altcoin networks for another 60GH or so.

But, for you to even want to lay claim to, "Fine, then, maybe they are lying but they could be mining with half of the half I previously speculated about", you would need to take those two Scrypt GH amounts, add them together and the total you reach of <>120GH, whilst closer to the wildly speculative absurd claim you made, would still require that NOBODY ELSE OTHER THAN SCRYPT.CC is mining any of the Scrypt altcoins or in that 20-60GH/s of 'unknown' on LTC.

Really, you are just scrabbling for your god-of-the-gaps here, but there isn't anything like the sized gap available your beloved 'Admin' needs to function.

I had monitored the Top 20 a while back too.  But only a few had actually changed their handle to "reveal" themselves (TheDice, UglyOldGoat, etc).  While it would seem those are legit accounts, I could only assume that the others marked as "anonymous" could potentially be fake accounts, and the fact that their KHS never changed (aka were not reinvesting) that the possibility of them being dummy accounts could not be ruled out.  That said, there was no reason to believe that these anonymous accounts were making daily withdrawals as you mentioned above. 

I'm just saying...Top 20 hashers could have been mostly fake. You can't rule that out.

Since you are not willing to engage in a factual discussion let's play your game then. How exactly do you suppose scrypt.cc can cover the difference in payouts between the hashrate they sold and the hashrate they own (be it 0 or 100 or 200 GH/s?). Where is that money coming from? How does that model differ from what you would call a "ponzi"?

Thanks, didn't realise it was so easy! Personally, I think they are mining. Sure, 850ghash is prolly bullshit but maybe they got half that.

All the ponzi talk is based on 850. So, what if they're lying and only have half that, still a (mainly) legit mining operation innit? Hey? I've said it before and I'll say it again, either stick some cash in there or shut the fuk up. Really, it's pretty simple. No proof it's a scam, no hard proof it's real.

That's a 5 Second Job.


Problem is, it is impossible to say where the Recieved Coins come from.
The majority is from the members, of course. But if he is mining, some must
be from him. Happy tracking.

To answer your question, ilic, take a look at the amount of coin mixing services being promoted by scryptards. First rule of cryptocurrency Ponzi, make sure everybody can see the 'massive' amounts of money some people appear to be moving into and out of the 'investment', you know, so they can 'rest assured' that it must be not only totally legit if some 'whales' are shifting such profit out of it, but also hugely profitable as long as the smaller 'investor' gets in quick and re-invests, re-invests, re-invests.



[/quote]

You didnt address my points....

If Scrypt.cc is a ponzi, then for the ponzi to continue there needs to be more people depositing BTC than there are people withdrawing.  Correct?

What I am saying is that at any given time, there were approx 30-100BTC being pulled out daily.  So, in order for the 'ponzi' to continue, there would need to be the same or more being deposited every day?  You still with me here?

I find it highly doubtful that given the large amount of daily withdrawals, there were enough daily deposits to cover this.

I find it more likely, that scrypt.cc are in fact mining and although 850ghash has been proven to be not true, there is no reason why they could not be mining with say 100 or 200 or 300ghash correct?

Maybe, like thousands of businesses before them in both the real world and the world of crypto, they fudged the numbers a bit to sell more khashes that what they actually owned?

It wouldnt be the first time and it wont be the last time that someone tries to sell something they don't really have.

As I do not believe this is a ponzi, I am not going to waste my time looking through blockchain records to find out if the amount of withdraws exceeded the amount of deposits.

U get?

Yeah, sadly the price of khs is going down more and more, so it's really not worth it anymore. I hope that it will go back up. (I can have dreams...) The best thing to do is just wait.

I agree buddy, its about taking calculated risks with these types of investments, because the rug could be pulled from your feet before you can say boo.

I'm hoping you'll get back your money, but now as it looks like it'll be impossible. Admin manipualting the prices on the site, and the rewards are still low.
Before the "hacking" I got more reward with less khs than now...