Right now the MHs held by users is only worth 165 BTC since the price of MHS is currently at .00033 BTC / MHS.
Can I ask where did you get this data from?
How do you know how many total MHS there are in the ledger, both for sale and in individual accounts not for sale?
From the 850 gh/s of total mining power of course.
But he spectacularly missed my question and got straight down to the task of attacking others. Seems too preoccupied in having the same arguments over and over.
Forget the 6Ths thing. I have never stated that and I am not interested in that particular aspect.
To be clear, my question is:
regarding the 165BTC claim, where did you get this data from?
The Admin (when it was Marcello Santos) claimed that 500 GHs had been sold to users and that they had 350 GHs mining for the partners.
Now 500 GHs is a large number for scrypt mining. That is the number I was using. 500 MHs * best ask price.
The 500 GHs is also consistent with the amount of orders on the ask book and is also possible from the size of the BTC deposited into the site threw the 2 hotwallets. So it is the best number we have right now. It also goes back about five or six months when scrypt.cc was clearly selling KHs (later converted to MHs.)
An additional data point that I don't have any direct evidence for it polling has been done on IRC and it came up with the people responding owning a little over 200 GHs. That was on the scrypt.cc channel and one could ask about it there.
Since the hack, the nature of scrypt.cc has changed a lot. This has nothing to do with if it was a scam before or not, it is just what has gone on there recently. First there was the withholding earnings for about a weeks, then the 20% only payment that has gone down and down, and additionally a series of thefts that has resulted in a 1/3 reduction in the already greatly depressed rewards. On top of this the one thing that normally worked well, withdraws, now only works in a "random" and insanely slow fashion. I have to wonder if there hasn't been an ownership change since the hack. For the record, I'm not claiming the site was legit before the hack. I'm just not sure Marcello is still the "Admin" as he used to talk with people often, although he did disappear for around seven months, mostly this time last year. Still the site wasn't as bad last year.
Deposit Hotwallets
----------------------
https://blockchain.info/address/19mcjofGwKxGwhaZwDwPjdWd1KrFCZgoJJ (6000 BTC & growing)
https://blockchain.info/address/1HWqsgnSd12Gv8SpoUMi1Cj8hp79BTSpW7 (38657 BTC)