Plus the mining mentions about is BS as well, It has been stated over and over again that you cannot prove that they do Not have that much mining power as they Do NOT Solely Mine LTC which is what that figure is based upon. So in that regard the Math Cannot be proven or dis-proven, Unless you can figure out the hashing power Of Every Single Altcoin in Scrypt.
Either way, time will tell what is going to happen, until than everything Anyone says is Speculation and Assumptions.
You know what they say about assumptions, Assumptions are like @#$Holes everyone has one.
Just my two cents.
And yes I know people are gonna jump all over this post based on their point of view but it is what is is and people will do what they do.
No, I am going to jump all over your post because it is based on ignorance.
Here, let me enlighten you about how you can check the proof yourself:
Who says its only mining scrypt coins?
[expletive deleted] ASIC miners can only mine the specific ALGO they are designed for!
Bitcoin ASIC miners can only mine SHA256 coins and Litecoin ASIC miners can only mine Scrypt coins.
SHA256 is like 27 coins. According to
http://coinwik.org/List_of_all_DCs there are 174 scrypt or variation of scrypt coins. With custom software couldn't a scrypt miner mine the most profitable of the 174 scrypt coins?
You only need concern yourself with Litecoin and any coin with sufficient market liquidity which is more profitable than Litecoin to mine. There would be zero point in mining anything less profitable than Litecoin if you are seeking to sell what you are mining to earn the bitcoin that scrypt.cc 'pays out' every ten minutes.
Fact is you can check this yourself. Go to coinwarz.com and add up the total network Hashrate for Litecoin and any Scrypt coin above it in the list which isn't merge-mined with Litecoin.
Now add up the Hashrate of the public pools for those coins because scrypt.cc wouldn't be wasting money paying pool fees when they have way more than enough power to solo mine every coin including Litecoin, and deduct that total Hashrate of the public pools from the total Hashrate for the combined coin networks.
There is no space left to hide but a tiny fraction of scrypt.cc's claimed 850GH/s of Scrypt ASIC mining power.
Ergo, they are lying about mining with 850GH/s of scrypt hash power.
Was wondering when you would post something like that. That is Based upon Sheer Assumption. You cannot tell me undeniably that he Is Not Mining Other Altcoins. Could very easily Mine other Altcoins, Wait for the price to Rise or Lower trade when Profitable etc etc blah blah. Either way it is what it is.
Now you are just being willfully ignorant.
Scrypt altcoins would need far more market liquidity than they have in order to cover the daily BTC needs of this scheme's claimed 'payouts'.
Besides, 850GH/s of Scrypt is an absurdly large amount of hashpower. Seriously, go do the math yourself instead of trying to dodge the issue with hand-wavy dismissals about "it is what it is". What it is, is a fucking lie.
Try learning the facts about Scrypt altcoin mining, you are being an idiot and anyone with two brain cells to rub together can check the facts. Most Scrypt altcoins barely have a handful of MH/s on their networks and what they do have is accounted for by public pools. Scrypt.cc would not be using public pools because they would have to pay pool fees. With this truly huge amount of hashpower they claim to have they could own any fucking coin network they wanted to, including Litecoin.
Fact is, they are lying and provably so and, in that they are lying, what possible motivation would they have to tell the truth about anything which might end the scam before they are ready?
"Oh noes, we wuz hacked!" - Time and again the no1 'exit excuse' given by these fraudulent operators.
You are entitled to your own opinion, you are not entitled to your own facts. If you refuse to accept the simple truth then you will continue to fall for simple lies.
Cloud mining services can *only* make financial sense to operate if you are an ASIC manufacturer.