Topic: Scrypt.CC | Scrypt Cloud Mining - page 528. (Read 750572 times)

Taken from your review.

"Scrypt coins, especially Litecoin, were originally developed so that anyone with a computer and programming skills could mine them, unlike Bitcoin mining, which now can only be done with highly specialized and powerful Bitcoin mining hardware. However recently application specific integrated circuits (ASICs) have been developed for scrypt mining, which means that within a few months scrypt mining is likely to have its own version of the exponential rise in Bitcoin mining difficulty. This is likely to reduce scrypt mining rewards in the near future, especially once scrypt mining hardware becomes available to the general public."

Scrypt ASICs are already out (Gridseed) and many coins are moving away from pure scrypt. (scrypt-N & scrypt-Jane for example)  The ASICs can't follow and have to be redesigned before they can impact those coins.   It is beginning to look like maybe only Litecoin and Doge will stick with scrypt, although there will probably be some short term coins like BC, WC and AC that also use scrypt.   While you are right that scrypt ASICs will push the difficultly up for the coins that can be mined with it, it is unlikely to make a big dent in altcoin mining.  

A few months ago, people were saying there wouldn't be in profit in a few months and it is always a few months.   GPUs are flexible, ASICs aren't.   The only coins that will be impacted are the ones that choose to be impacted.    I don't think it should be considered a major factor.

What is the source of this info?

Scrypt.CC is featured on our cryptocurrency cloud mining review site at: http://cloudminingreport.com !

Here is our full Scrypt.cc review

Any feedback is welcome and you can also add your own review at the bottom of the page

The 20btc sell wall has been nibbled down to 3btc now (altho 2btc has appeared in front of it), for anyone wondering after my previous comment.

Having poked around the site some more and hung around in the chat box, I'd say its worth a cautious investment if anyone cared about my opinion, esp. with the current price. Of course I'd like you to use my referral link, but other ppl in this thread are probably more deserving than me with my 2 post's worth

I was also interested to note that they said they had been changing some of their rigs over to Scrypt-N/Jane mining, so they're not all Scrypt ASIC based, which could turn out to be helpful if these next-gen ASICs start flooding the network at the end of summer.

The final mass audit before the rebuilt and hopefully less buggy referal system is on the way.   Was a little over 6 million database entries checked.   All past due referal earnings are being credited to accounts as we speak. =)  Hopefully those that where bugged or partial bugged should see those earnings in the next couple hours.

My son also had an extra .003 BTC this morning in his account.   If it was 10 btc worth that would suggest about 3000 accounts.    Interesting.

Edit: Sounds like the extra was somewhat random.   So I guess that doesn't tell us much. 

Liquidity woes 

Someone put 20btc of khs on sale at BTC0.001 about 12 hours ago, seems to have been slowly getting sold off since. Does make a very tempting purchase at the current rate of return, especially compared to GHS from cex.io, but then it also shows that its harder to sell your KHS if you want to cash out in a hurry.

I panic bought some khs 

I'm not getting the activation email. I've checked my spam folder and I'm able to reset my password and those emails I get, but I'm not able to activate my account. Please help.

great time to get in!

that explain why i have improved overnight also they are at 1.0000 per khs! wtf happened.. i know CEX is down to FHA price now but I never seen Script so low

The audit script went astray and spread out 600 BTC across accounts.  They retrieved all but 10 BTC because I guess people had already reinvested.   The admin called it the 10 BTC Easter give away.   Maybe you got some of that.  

I think I might have got .006 BTC of it myself across two accounts.  If so it is hashing away now.    

thank you scrypt.cc for the very quick audit.
promptly reinvested 

You have to find some sellers and ask them.   People just want btc fast for some reason.   I don't know what that reason is. 

Yeah, I know, thanks...  But I'm asking why this selling spree

prices are controlled by users buy/sell. users are simply competing against one-another.

Anyone knows why the price of KHS is going down everyday?

lol , me too, i'm just being a rascal 

I probably should have said that I have bought KHs at Scrypt.cc so I'm not calling it a scam, I'm just saying that with anything Bitcoin anyone thinking of investing should be checking out a site very thoroughly first. Currently there are a few things that I would think put some people off, but then maybe Scrypt.cc are fine with that whilst they are still in beta.

Being pedantic though, if you dont know the names and addresses of the people running the website, they are anonymous. Doesn't mean they are criminals, BTC-e are in Bulgaria, they are still anonymous, doesnt seem to do their business much harm.