Topic: Scryptcube cloud mining - Feedback and reviews (Read 486 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.

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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

It would be great if your site were legit...but I'm not buying it.

https://scryptcube.com/

1) where is it at? Mining/Data Halls? Pictures? References?

x) Edit: I stand corrected. They say NO  hidden setup/maintenance fees. Which does not make me any less dubious.

3) The link below thinks your site is a scam at worst and at least 'suspects' you are a scam site.

https://www.scamwatcher.org/scryptcube-review/

4) Newbie account? Really? Can't even spring for a 'cheap' Copper Membership on here or find Someone legit (like me ...Legendary's are all over the place on here!

Or others like Philipma1957 to 'vet' your setup as legit?

5) I really, really, like the fantasy of any $$$ I put into your calculator below into BTC I double my money at the end of one year at current BTC price.

https://scryptcube.com/calculator

I like it, but it is the same as when a cute teenage girl smiles at me..then I realize it is because I remind her of her Grandfather..thus the bubble bursts!

6) Unless you have like 2c kWh and/or have the benevolence of the Buddha on spreading such profit around, I'm confused why you don't just keep the hash

rate yourself on such a 'sure thing' as doubling your money in ONE year and all that nice Bitcoin and the sense of control you'd have doing so. No issues

with 'pesky' customers complaining about their $1.90 1 year contracts, etc.

lol

newbie scammer..take some pride in your work!

Brad

No, we are not planning on having clients visit our data centers.

I have forwarded this request to my colleagues, but it will probably take some time. I will let you know when it gets done.

Thank you for your opinion! If you feel comfortable with waiting for 6 months, then we don't mind.

Yes, I lot of projects have gone under because they were not able to survive BTC's fluctuations, the race to acquire new mining equipment, electricity prices, or local legal regulations, but Bitcoin itself has not gone anywhere and people still believe in it. We also have confidence in BTC, and we have the opportunity to organize mining and support the Blockchain at least this way.

We declare this openly: mining is risky. If you are not ready for the consequences, then it's better not to start at all. If you are - then don't invest all of your assets into it and stay level-headed.

I wonder why you are presenting this to us to make your site looks legit? it's been established that cloud mining is a thing of the past I could accept this is if you are not mining Bitcoin,  I have seen so many cloud mining and they all ended the same, people treat cloud mining as Ponzi scheme because so many people experienced that getting scammed.

I registered and got my free 100Ghz.
It will take about 6 months to reach the minimum to payout. It's a lot of time, so you don't have to rush with the video and with confirmation of credibility.
I will wait this half year and then personally confirm that I have withdrawn my earnings.

Until then, I advise everyone to stay away from this site as the probability of losing money is very high.

Just to be sure, you're not going to allow your clients to visit your data centers from time to time?

Although that isn't as good as providing video proof, I would suggest signing a message using that address ^{[include your forum name and the date as well]}.

We are still working on the videos, but we will release them as soon as they are ready. Our data centers are located in Europe, China and Kazakhstan, but that is as detailed as we can be regarding the locations.

Also, here is a link to one of our wallets, if you are interested.

You can show that the system is working on any demo or fake website. There were hundreds of cloud mining services and even doublers that they make your deposit x2 in one day that showed how nice and smooth they work, but of course no one could withdraw anything.

The KYC requirement is also not a pleasant surprise.

I will wait for location confirmation and video with mining rigs.

Thank you for the questions!

The maintenance fee is already included in the contract price. What was meant by that that there is no additional fees to be deducted from clients' daily payouts.

Yes, we will release the videos in the nearest future and I will post the link in this topic.

True, we did not add this information to the FAQ yet, but currently the withdrawal limit is as low as 0.00012057

The KYC procedure is mandatory and cannot be worked around, as it is a regulation that we are obliged to follow.

The sole purpose of providing users with free hashrate is to show them that the service is working, but of course, how soon a user might be able to make a withdrawal depends on the invested amount. Cloudmining was and remains quite a risky endeavor and what we want is to provide those who believe in crypto a tool they can easily use to mine coins.

I have seen a lot of this in the past giving free GHS for new members to test their program and yes you are going to accumulate coins but it will take you years to reach the minimum withdrawal limit that you will attracted or compelled to buy more or upgrade, cloud mining is the thing of the past, it's not profitable anymore and many of these so called cloud mining sites are just Ponzi scheme and that's a fact.

From where you'll be paying your "company’s specialists" for maintaining the hardware?

Could you post video proof of your "data center" in order to shows and verify if everything belongs to Scryptcube?

I couldn't find the limit on your FAQ pages.

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The "KYC/AML requirement" is going to be a big stumbling block.

We understand that every new cloud mining service provokes a lot of questions and mistrust. In this topic, you can ask about information that is of interest to you and share your opinions and experience of working with Scryptcube with other users.

And for starters, in order to dispel at least part of the doubts, I will leave a special voucher code in this message.

BTTMINE100

By using this code when registering a new account with our service, you will receive 100 GH/s of the Bitcoin Mining Plan hashrate for 12 months. It’s totally free and requires no investment to start receiving coins to your internal balance, as well as withdrawing them.

NB! A few important points:
The code can only be used once
The code will be valid until October 15th or for the first 50 uses
In order to withdraw the balance to your wallet, you will have to reach the minimum withdrawal limit

Hey everyone!

My name is Mike and I am a representative of the Scryptcube cloud mining service.

We are a new player on the market and are aimed at crypto enthusiasts. Our goal is to make mining as simple and as available as possible for any user.

What we offer:

Low mining plan prices
A minimum purchase amount from 100GH/s
A user-friendly and simple dashboard
Various methods of purchasing mining plans such as cryptocurrency, credit card, wire transfer, using the Payeer payment system.

Mining plans:

We currently offer 12 and 24 month Bitcoin mining plans:

12 months: $1.90 per 100 GH/s
24 months: $3.50 per 100 GH/s

NB! The service does not charge users any maintenance fee for the mining!

Referral program:
We also provide our partners with 3% from every completed purchase made by a customer they attract.

You can calculate your approximate profit here:
https://scryptcube.com/calculator

Registration:
https://scryptcube.com/register

Our social networks:
Facebook - https://www.facebook.com/pg/scryptcube
Twitter - https://twitter.com/scryptcube
Telegram channel for chatting - https://t.me/scryptcube_eng

Telegram news channel - https://t.me/scryptcube_news