Topic: Scrypt.CC | Scrypt Cloud Mining - page 460. (Read 750568 times)

I don't mean anything bad by this .


But

Just what are they doing that's wrong ?

 so far all i see is some kind of issue with the power company and no one has proved other wise, yet, unless i missed some thing . and nothing but good things from all most everyone on this thread.

cryptodevil
Sr. Member
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Great, so you don't care that a business operates fraudulently and people place their money into what they believe to be a legitimate operation, how does this justify what scrypt.cc is doing? It doesn't.

This sounds to me like the  Electric company pulling some funny shit and backing out of a agreement they had because they are using to much per KWH but following the rules and paying the bills .Or the Electric company is using there power to do wtf they want to regardless of contacts , BG And E in my state does some of  the same stuff from time to time . contact or not . are very rude at times over the phone etc .. tell  you to hirer a Electrician when you ask for some basic info you know they know . i had  some rude ass  lady hang up on me One time after I  asked her what my house service was, she said they don't keep that info on file go hire a Electrician to find out then hung up.

I all most called back to tell her what to do with her self . but two wrongs don't make a right .


IF the clouding mining owners are on the level.


 I feel for them the power company's  in most states, not all, have to much power and push there weight around to much, at times . if there based in the US.


 Ive been using this service sense Jan this year I think the most i have invested to start out was maybe 20 to 30 bucks i started low with few a  KH  I'm now at 61 MH without putting no more then 20 to 30 bucks into it . i would recommend this type of cloud mining over any of the others any day of the week with a warning go slow don't invest to  much at first see how it goes etc . most i will ever lose is 20 to 30 bucks and some time, if it ever goes under.  

I'll keep buying more hash till I reach maybe 500 MH then start taking  some of the coins and keep investing.  it's maybe to slow for some this way but it's steady and guaranteed, if it keep going and no one gets greedy, in the long run they will make more by keeping it going then taking it and running.

There's a load of people buying back in now.
They don't even know what the rewards will be, IF they even come back.

Don't get me wrong, I love scrypt.cc, and don't for a second think that this is a scam.
But putting a price on something that you don't know the return from is blatantly stupid.

I guess people are comparing these prices to the normal ones and think that they're getting a good deal.
ROI is all that counts in the end, and without the new rewards figure, that can't be calculated, thus the optimal price per khs can also not be calculated yet.

I'm holding off til I know the new numbers.

/end voice of reason.

for irc you can try ... its a web client

http://webchat.freenode.net/?channels=#scrypt.cc,#UnofficialScryptCC

and by the way a 170% rise in the price of the electricity doesn't mean a 70% decrease in rewards !!!
We don't know the ratio between the consumption+maintenance fee vs the reward of the hashrate.

Exemple: if 1.0 ghash/s brings in 1btc per hour but cost only 0.05btc to operate
               a 170% increase means a 0,085btc to operate so far from a 70% decrease. (abstract numbers here)

You didnt mention the part where he said that the ROI period would likely increase due to price crash / higher electricity costs.

Is there a server pw? I'm trying to use Teamspeak to connect. Haven't fucked with IRC in years.

Thank you for the update!

 

admin right now

You're making the 10 day shit up.. I've been in the trollbox all day and the Admin said himself that the miners are on the move already and will be partially mining today. All miners turned on in 48 hours tops.
The electricity thing is on point.

painful and real

ADMIN SAYS * The operation will take longer than planned to 48 hours
ADMIN SAYS * to find a healthy work 10 days

ADMIN SAYS * old former electricity costs 0.17 BRL (Brazilian currency)
ADMIN SAYS * new former electricity costs 0.29 BRL (Brazilian currency)

( %70 cost increase electrical) + operating costs + inefficiency due to transportation costs = %75-%80 LOW REWARDS

average total %70 LOW REWARDS
ROI = 165 DAYS

Do not deceive anyone !!!

0.00001300 satoshi already has big balloon
must be KHS price = 0.00000450-500 satoshi because this is not going to be profitability..!!

painful and real

I don't care. I don't trust them but I don't blame them, I rather blame people that trust them blindly.

You're grammar police (i didnt noticed), thanks for not correcting my bad english .

We have just different opinions. I was just trying to say mine (almost as i did in all my posts on this forum), and explain why I will not cashout from scrypt.cc.

Grammar Police, dumb-ass.


Great, so you don't care that a business operates fraudulently and people place their money into what they believe to be a legitimate operation, how does this justify what scrypt.cc are doing? It doesn't.

Scrypt.cc is a criminal operation and once they are done milking the final btc from their 'customers' they will go under just like every other 'cloud mining' scam has and will do.

Unless you manufacture ASICs and operate 100% transparently with a real-time audited and demonstrably-provable hash-rate, you are never going to be able to operate a genuine cloud mining service because it cannot be done, the numbers would never add up.

If my idea (1) is correct price will settle far far above where it drops. (may be near 1700 st )
If my idea (2) is correct price will settle between where it drops ans where panic ends. (near 900 st somewhere)

I prefer call these sites "illegal and unregolated" gambling. Legit gambling site are probability fair, so you know exactly the balance between risk and gain. Hyip/ponzis are not probability fair, but this is the part i like most! Balance between risk and gain is influenced by a lot of factors (forums, people thoughts...). What's wrong with ponzi? Ok, it's illegal, So? Try to shut down all ponzis? Some who think to be policemen (with police badge avatar lol;)), try to convince people to never put money in these sites. I'm ok with it, it's a good cause, but not all people are stupid.
I dont care if scrypt.cc has real miners or it's just a ponzi. All altcoins market is a ponzi, and there are thousands ponzi hyip sites. People do what they want with their money.

Nice. Great news for a small time like me that only depends on their site to increase my BTC earnings.

Well this is probably great news for those who were confident and invested more with such low prices we got yesterday, if the reward stays the same people could even get 3x more without a single depois by only selling high and buying low, although i got just 10% more... but well it's more

Today (11/05/2015) the electricity of our data center hosting our ASICs was shutoff halting our mining operations temporarily. According to our provider, there are irregularities in our contracts that were found during an audit.

We have our lawyers on the case looking to resolve the issue as soon as possible.

While the lawyers do their thing, our hands are tied leaving us not much to do but wait. The provider isn't breaking any laws yet, law says they have 72 hours to reestablish the energy.

Update (12/05/2015): We have decided to move the miners from DC#4 where we had the electricity issues to DC#2 where we house our old GPUs, We have already started the move and we will be mining within the next 48 hours.