Topic: Scryptcube cloud mining - Feedback and reviews (Read 474 times)

After a lot of trouble, Scrypt Cube seems to be back in business and starting a marketing campaign.

New threads:
https://bitcointalksearch.org/topic/--5379566
https://bitcointalksearch.org/topic/--5314288 (that actually is old)
Local Chinese: https://bitcointalksearch.org/topic/--5314278
Local Italian: https://bitcointalksearch.org/topic/--5314228

Twitter: https://twitter.com/ScryptcubeV
Reddit: https://www.reddit.com/r/ScryptCube/
Facebook: https://www.facebook.com/ScryptCube-Voucher-and-Discounts-5-OFF-1575638692519279/?view_public_for=1575638692519279

I wonder how long they will manage trick investors this time..

Not all of them are scams, 99% are but not all.
If someone bought some packages with bitdeeer in September is indeed making some real profits right now, but ironically at that time, I would have myself advise against it since the profits were slim to nothing.


Lame excuse.
I wonder if the so-called fire wasn't really caused by the revenue they had to pay out to their clients burning theirspockets.
They offered 1TH for 19$ for a year, one TH is making right now $ 113.89 in a year from the ~20 when they launched, they would have to pay out this sum out of their own pockets as it's pretty obvious they had no gear, so they probably decided to exist before things get really really serious and they have to pay hundreds of thousands back.,

It is just a newly created (probably by the owner of Scryptcube) account to shill for this scam and give them more time for an exit scam. The purpose is to give some hope to someone who is mildly suspicious of the legality of this service.
I do not trust in bullshit like this without proper evidence, tx id...

belief in easy money from cloud mining will never stop.

Here we go again. Another exit scam. I wonder when people will ever wake up and realize that cloud mining is no way of making money or multiplying your BTC.

---

You were lucky to have made some returns but then got so greedy and put back the money into cloud mining with expectations that you would make returns after a month. It isn't even more than 3 weeks and they have shut shop

Make it 100% so that you will not think about investing at any of this again since cloudmining is alread not good option, this cloudmining name is always use by scammers so for this kind of incident better avoid and hope the feedback from the past also by now is can help those new people to define that this is bad choice form of investment.

This is the last update on their website:


I do not know if anyone managed to recover anything from this service. Anyway, I do not believe it and it is confirmed once again that 99% of cloud mining websites are scams.

their latest update brings questions

Mar 14, 2021
Unable to continue service
Significant damage to electrical, infrastructure and mining equipment.

EXIT SCAM ScryptCube com! Be careful!

Just a little update:
invested $3700
mined 0.175233 BTC
already withdrawn $2500/0.05594 BTC
reinvested the rest daily and already doubled my hash rate from 194.6 TH/S to 401.1 TH/S

regarding my calculations I will get my initial capital in less than a month back

So at the moment I'm happy, but lets see if I can withdraw more than I've invested

From the moment of registration I logged in several times and until today there have been no problems. The system seemed to calculate mining rewards as it is explained. Unfortunately, while trying to log in today (just now), I received the message: "login details are incorrect".
Are these temporary problems or something else?

Edit: After a few attempts, I was able to log in.

Yeah, stop looking at badly drawn charts, try these ones:
https://jochen-hoenicke.de/queue/#0,1w
https://mempool.space/graphs#1w


Is this enough of a spike in the mempool for you?
Same for the fees:
https://www.blockchain.com/charts/fees-usd-per-transaction

this seems kind a scamy to me: https://scryptcube.zendesk.com/hc/en-us/articles/360018452900


I cant see a spike on the mempool chart, the transaction fees are also looking normal: https://ycharts.com/indicators/bitcoin_average_transaction_fee

Do I miss something?

That is indeed our business model and since we are not planning to shut down neither tomorrow, nor in a month, our project has the-long term in mind.

Of course, you are correct, this is not simply care for the client, but we have to find ways of being competitive, considering how many players there are on the market. Every business model has its strong and weak sides. Ours is to play the long game.

Well, good to know, let's play with math.
1TH is 19$, as I said before, screw the GH..

An S9 burns 32kWh a day for 14.5 TH, that means 2,2 kwh a day for 1TH, 800Kwh a year, so you need to have to pay at most 2.3 cents per kWh to break even not even talking about ROI on the gear, breakdowns, maintenance, facility cooling, wages.
Assuming S19Pro, that's  0.7 kWh a day, 255 a year, allowing you to pay close to 7 cents, let's assume you have 3cents, meaning you're making a profit of 10$ per Th per year, and you would ROI your equipment in three years, assuming no difficulty increase no other costs no breakdowns and indeed flat price.


Yawn! Yeah, the business that thinks only about the customer, who runs it, the Easter bunny?

The company is registered in the UK, but we have an office in the EU. Don’t get us wrong, but our company’s policy does not allow us to disclose all of the information regarding it. We mostly use S9 and S17 Antminers, S19 are on the way.
We do not disclose our internal profit calculations for obvious reasons. We face the same risks as everyone else - if the price of BTC plummets, the company will take a serious hit, one that it, possibly, will not recover from.
Visiting the DC during the pandemic is not the best idea. You can find proof on our Instagram.
We have also made a special video for a blogger (from 06:14).


Our maintenance fee is already included in the contract price. The contract price stems from our possibility to set up the equipment and the electricity price. Also, it is part of our business model - providing people with accessible mining solutions.
The current mining plan price might change in the future.

I'm really curious about how you can afford to sell that with no electricity/maintenance fees.
Let's change it to 1TH as I don't know who still speaks in GH, this ain't 2013 anymore.

So, 1TH for 1 year, 19$, that means 0.052 per TH per day.

Bitdeer is selling $0.0629 TH/D + Electricity Fee $0.0432 T/D, that's double.
ViaBTC is selling $0.0518/T/day + Electricity Fee at 0.05184$ again double, plus 6$ maintenance fee.

So, how do you manage to do this twice as cheap as some really old and proven competitors?

stupid as I am I invested almost 4K in no reputation and a price too good to be true.. I will let you know in half an year if its a scam..

@scryptcube mike
could you give us some more informations about the company, ceo, company history and proofs, etc?
What types of Miners do you use?
I know the cloud mining business, but some numbers would help to understand your risk and how leveraged you are, your internal profit calculation etc.
And a visit to your company and datacenter for some credible crypto person would be great.
Would help me maybe to trust and reinvest everything daily and put another 6K in.
Thanks in advance

So, as we have promised, you can now take a look at some photos of one of our data centers on our Instagram page. Feel free to like and comment!

Thanks for the feedback, Brad!

I would like to respond to your rant, if you don't mind  

1) We are working on the photos and videos and will release them soon. We have already written about our data centers here:


2) I have previously written about maintenance fees in this thread as well, you can easily look it up.

3) The website you have provided a link to seems to be promoting some sort of service for recovering invested funds by vilifying other services. And if you take a look at what Trustpilot has to say about the website you mentioned, one would have to wonder why he should trust it.

4) What would we have to gain from a Copper or any kind of similar account? We are not an ICO and we have come to this forum in order to talk to the users.

5) You will see the exact same result if you use another calculator, such as alloscomp, so I really do not see any issue here.

6) Who said that we do not mine for ourselves as well? You, as an advanced user, must understand how mining business models work and there really should be no sense in having to explain it again in 2020 that a legal person would still need fiat for a number of reasons.

7) Well... I've just quoted myself in this very response and previous users have quoted me as well, so just to demonstrate it once more, here is my previous reply concerning the minimum withdrawal amount that you claimed was not mentioned anywhere:


Regardless, thank you for your thoughts and opinions and for bringing this topic back to the first page from wherever it ended up at during these 2 weeks

Edit:

Additional info to my above post (rant) whatever...

Additional edit:

7) This 'thread' also does not allow you to quote..don't want all those pesky facts flying about.

Also, what is the mininum amount before you can withdraw is not mentioned any place we can find here on the thread.

Such lame scammer skills, take some pride in your work.

Also to anyone, what is the danger of 'giving' your drivers license or Passport picture and other info for 'supposed' KYC ..be a 'handy' way for someone

to make an account using your picture and info to get around KYC with a change to an email to them. So this may be the 'real' hidden reason for this site.

Brad