Topic: Scrypt.CC | Scrypt Cloud Mining - page 524. (Read 750568 times)

Brazil

and where is it?
I know that russian energy price is quite low

I think that your error is in power cost calculation. I think that it is possible that scrypt.cc pays much less then 0.003btc/day/mhS. It is not in Russia and it can buy power for special price for datacenters.)

ok, lets see:
1mh scrypt power profit on scrypt.cc is about 0,00426 btc/day
1mh GPU power - it is about 450W - 10,8 KW/day - in Russia it costs about 0,00283 btc/day (0,113$/KW)
so 0,00426 + 0,00283 = 0,00709 btc
and of couse scrypt.cc should have profit from this and they have upkeep costs - at least 10% of income I guess,
so we have about 0,008 btc/1mh/day
I check whatmine.com regulary and it is very rare to see that profit. And there is a big delay when mining new coins and to the moment they reach exchange - price can drop very much, difference can vary up and down and etc. So profit 0.006 is good, 0.007 - very good, 0.008 - excelent.
I doubt that scrypt.cc can reach this profit every day...

Thanks for the clarifications.   

Yes, I am using actual price I paid for my Farm$hares as well as scrypt.cc and scryptsmining.com shares. ltcgear.com also discounts prices 8% when you pay with bitcoin. Why would I want to sell them? Every couple of months they issue dividends to investors by issuing extra shares. But it is possible to sell Farm$hares, they have a form on the site which lets you transfer shares to another ltcgear.com user. Nice to see that scrypt.cc returned 7% for the week.

Help me out here because I'm probably not seeing something:

From Farm$hares payouts:
2014-05-10 – Network difficulty 6983.51400 – 0.00590528 LTC/day / 1 Farm$hare (0.00072016 LTC/day / 1 Hw$hare)

I also see they are selling a 160x Farm$hares for $995 US

So
.00590528 LTC/day/Farm$share * 160 FarmShares * 7 days/week = 6.61391 LTC / week

@ $10.3 / LTC that is ~ $68   ===> ~ 6.8% for that week. 

Prehaps the Farm$hares were cheaper when you bought them?   Also the Farm$hares can't be sold ... so I don't know how you factor that in.  However the scrypt.cc KHS are not always easy to sell. 

But scrypt.cc says they have only GPU
Is this possible to have an income like that with GPU only ?

I have invested in scrypt.cc as well as two other scrypt cloud mining services. Here are my actual returns for the week ending 4/13/14:

Farm$hares - 9.15% return at current litecoin price of $10.3
Scrypt.cc - 6.9% return at current bitcoin price of $440
Scryptsmining.com - 4.7% return at current bitcoin price of $440

Farm$hares continues to be most profitable for me with an excellent 9.15% return for the week while scrypt.cc returned a decent 6.9%. Scryptsmining.com is in last place again this week. Farm$hares only mines litecoin while the other two services mine multiple scrypt coins.

why do you think that hashpower is apparently all GPU based?
their profit is quite big for GPU power consumption...

my guesses:
1) scrypt.cc has GPU based hashpower and they has dreamteam for finding coins to mine (not scrypt only) and trade - looks very unlikely for me
2) scrypt.cc has GPU based hashpower and they work with some lose now - they accumulate perspective coins to sell them later, but now they pay with their own money to miners - very unreliable strategy
3) scrypt.cc has ASIC based scrypt only hashrate - this can explane their profit, but it means that KHS price will drop more and more very soon when new ASICs come and in the same time scrypt profit become very low (and scrypt.cc profit accordingly)
4) it is a simple Ponzi scheme and all miners will be f**** soon

I incline to version #4 couse it is most simple and most profitable.
Anybody saw at least photo of scrypt.cc rigs? Anybody knows where are they located, who are managers?..

Well I did say "I can't really predict at the moment", so I'll give you two possible extremes and you can decide:

Worst Case Scenario:

A lot of people have invested in pre-ordering Scrypt ASICs, basing their ROI calculations on returns from a few weeks ago. By the time they get those ASICs online the BTC/MH/day return drops massively because the network hashrate for popular Scrypt coins goes up 100x. Desperate to recover at least part of their investment ASIC owners convert altcoins to BTC in an even more extreme version of multipool dumping. Whereas currently many miners keep at least part of their BTC in altcoins the constantly dropping prices lead to a downward spiral as everyone sells out and Scrypt coins die an unpleasant death.

Can the altScrypt altcoins can escape the plight of their Scrypt cousins? Maybe BadgerCoin will replace LiteCoin as the altcoin of choice as crypto-investors continue to seek alternatives to BTC.


Best Case Scenario:

Despite Scrypt altcoins becoming less decentralised thanks to the new wave of ASICs, the increase in hashpower results in greater network stability and credibility for a range of "premium" Scrypt altcoins. BTC/MH/day rewards will still drop by at least one decimal place but will stabilise at a level which at least pays the power bill for miners and maybe provides a bit of profit.

Apart from the premium Scrypt coins the continuing deluge of poorly coded and copied altcoins swamps the market, GPU hashrates are spread so thinly that no coin is secure enough to be traded on BTC exchanges. A few altScrypt coins become "premium" by forming partnerships with big GPU mining pools/farms, leading people to question if they have become completely centralised???

So what is your prediction ?

0.0007/KHS seems to be the new floor for the price at Scrypt.cc, I suspect its driven by the  new alternative cloud scrypt mining sites which have launched recently. Its difficult to say whether you can really compare the prices though, Scryptcc's hashpower is apparently all GPU based and so adaptable to new coin algo's in future, the other options I have looked at all seem to be Scrypt ASIC based.

What will happen when all the new Scrypt_ASIC hashpower really starts hitting the networks I really can't predict at the moment but ZeusMiner have announced that they will start shipping at the end of this month so its starting soon.

I am in, looks good 

True, prices have been way down the last few weeks.   I think prices will rebound as the supply gets bought up.   

I know because I invested 3 months ago and every day I watch the price. Back then when it started the price was 0.00144444 BTC/KHS and now it has fallen to 0.00073985 BTC/KHS in line with the mining profits.

That means that if you buy now theoretically you may see your investment returned in less than 150 days, but if you invested 3 months ago the profit is not so awesome.

Thanks for the reply..unfortunately I still haven't received my withdrawal and my support ticket has not been answered.

Always shows up for me. I was very skeptical of this service at first but so far I have not had any issues with deposits, withdrawals, nor trades. I did a withdrawal today of about 0.5 btc and had it confirmed and in my wallet in about 20 minutes.

Anybody seeing any issues with withdrawals right now? I've withdrawn some BTC but not showing up in blockchain or my receiving account.

You are welcome. ROI for Farm$hares and Scryptsmining.com will be sooner than scrypt.cc as both services regularly issue dividends in the form of extra mining shares. Scrypt.cc does not, what you buy is what you get.

Another newcomer is ZeusHash.com, will be interesting to see how their returns compare when the service is live, should be later this month.