Whilst looking very professional with rich graphics and layout, this Polish-registered bitcoin-accepting operation, Recyclix, is not just highly likely to be a Ponzi scheme, the small print on their website even admits that funds paid in by users is used to pay other users, thereby demonstrating that it actually is structured as a Ponzi scheme. Let's take a look: Garza 'Hashlet' style faux-multilevel ROI 'investment' options giving the user the impression they can tweak the configuration of their 'investment' for, you guessed it, MOAR PROFETS!!!1!!!! Scrypt.cc style "no need to withdraw your money when you can keep re-investing it" 'auto-reinvesting' "compound profit" feature for, of course, MOAR PROFETS!!1!!!1!1! But wait, there is MOAR! Not only do you have the chance to "auto-reinvest", you can also select the number of 'cycles' you want to commit to for, surely not? YES! MOAR PROFETS!!111!!1!!elebenty!1! As well as the ubiquitous 'Bonus Referral' scheme whereby you can receive payment for every other sucker, I mean 'investor', you can get to register and 'invest' with your ref-link. So, in a nutshell, it has the usual range of pretend user-defined 'options' to give them the sense that they have control, plus the all-important 'profit-compounding' selector which keeps your money in the scammers pockets and, as a bonus for themselves, they even have an additional layer of security, the scammers I mean, not the users, in terms of knowing how long they've likely got your money for through selecting a commitment to a number of goes on the gravy-train 'cycles' which, clearly, is going to be incredible useful for the Ponzi calculator to be able to keep the scammers up to speed on making sure that incoming deposits are always greater than any outgoing withdrawals. |
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This is clearly a Ponzi scheme, check the small print: Recyclix Sp.z o.o may merge these funds with the funds of other Users and its proprietary funds. These merged funds may be used for payments to other Users or for the sake of our mutual corporate aims or otherwise. However, Recyclix Sp.z o.o. shall in any case pay or return you the funds according to this Payment Policy and the Terms of Use.
DEPOSITS
The User shall deposit the funds using mechanisms offered by the Website.
The User may deposit the funds to the Account via bank wire transfer, credit cards, and Bitcoin. This means they use your money to pay out to other 'investors'. That they promote the usual referral bonus scheme is another red flag too. |
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Recyclix Sp.z o.o may merge these funds with the funds of other Users and its proprietary funds. These merged funds may be used for payments to other Users or for the sake of our mutual corporate aims or otherwise. However, Recyclix Sp.z o.o. shall in any case pay or return you the funds according to this Payment Policy and the Terms of Use.
DEPOSITS
The User shall deposit the funds using mechanisms offered by the Website.
The User may deposit the funds to the Account via bank wire transfer, credit cards, and Bitcoin. Excuse the use of English again but you do know the bold text above indicates it to be a Ponzi scheme, right? |
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^^^ when the operator of this 'cloud mining ' scam refuse outright to offer any proof of mining I think the fact you are even asking them what the problem is with their payouts is frankly bizarre given your 'legendary' account status.
Surely you are more than clued up enough to recognise this is just another ponzi dressed up as cloud mining?
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Do not Deposit more than you can afford to lose in Any Mining Site
using this phrase as an excuse to invest in ponzi like sites is like tolerating those ponzi sites. if it looks like ponzi if it works like ponzi then its ponzi dont invest and say "Do not Deposit more than you can afford to lose in Any Mining Site" because by giving the scammer more BTC is extending his life in this world Damn straight. That pointless phrase is promoted by the scammers themselves so that when the marks start complaining about how they now hate everything crypto because they've lost all their btc to scams, the sock-puppets and fanboys can project the blame on to the 'investor'. |
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What on earth makes people believe those numbers on the screen are anything but numbers on their screen?
Funny you say that...you know all the money in our banks is all just numbers on a screen too. The actual cash simply does not exist. If everyone in the US went to the back tomorrow and asked for just 3% of their money, the banking system would crumble. Thanks to "Bitcoin: The End Of Money As We Know It" for that tidbit of info, it's a newly released award winning doco that I watched today. Very interesting - http://theendofmoneyasweknowit.com/ (best 0.02BTC i ever spent...except for the funds I've put into scrypt.cc of course!) I guess the whole financial system is a scam too Cryptodevil, why aren't you out warning everyone to stick their money under their matress so the scamming Government doesn't take it? False equivalence. Firstly, the 'whole financial system' generally has to maintain strict compliance and auditing regulatory oversight. Whether we like the rules they are playing by is one thing, but as long as they are playing 'by the rules' of their industry in terms of management of theirs and their customers funds, then any protestation you might raise as to how the traditional financial system operates, requires that you challenge the industry to change the rules to better serve the public, something that decentralised cryptocurrency and blockchain technology will no doubt force them to do in the long term anyway. Secondly, when I reference the fact that the numbers on the screen don't actually relate to anything tangible, I clearly mean in terms of there being a direct link to a blockchain whereby scrypt.cc couldn't forge the trade and transaction information. But, then, you either knew that but chose to ignore it in order to make your fallacious false equivalence, or you don't know that, which makes you an ignoramus. So which is it? |
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What on earth makes people believe those numbers on the screen are anything but numbers on their screen?
These scammers can put any market condition up there they like as these 'KHS' aren't actually tied to anything and neither are the btc 'buywalls'.
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curiously, one anagram of marcelo santos is:
Scam earns loot.
:headasplode: |
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What the F** is Crypto Fagets?
Can I have the link please so I can check up, might be interesting.
LMAO. I believe *I* am the 'CryptoFag' referred to by the oh-so-clever use of substituting the word 'devil' in my username for the homophobic slur 'fag'. |
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And by the way roi is still better then other cloudmining websites
That's because it isn't a cloud mining website. |
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Lol, sure, sounds legit. How precise is this data?
Hash rate estimates are based on the rate at which blocks are solved, so the precision is relatively low. Errors of a few GH/s should be regarded as normal. (Standard deviation for the total hash rate estimate above: 57 GH/s.)
Really. THAT is your response? A quote from the site? Not even some of your infallible math? disappointing. Please give yourself a little more effort. I expect at least 500 words. As usual. LAWL, the butthurt is strong in this one. |
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So around 43% less. (distribution chart say 10 GH/s)
Applied to the entire Hashrate this might as well be around 1834 GH/s max.
right?
Lol, sure, sounds legit. How precise is this data?
Hash rate estimates are based on the rate at which blocks are solved, so the precision is relatively low. Errors of a few GH/s should be regarded as normal. (Standard deviation for the total hash rate estimate above: 57 GH/s.) |
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Oh god now we can have doubts about a doubters tools to prove numbers... and the plot thickens..
No, not really. The page itself says how the chart is constructed if you'd take the time to actually read. As much as you'd love to be throwing some shade on the math, you still utterly fail to show the 'Unknown' figure is increasing sufficiently with the raised hashrate you mention. Scrypt.cc has sold at least 500GH/s of Scrypt mining. This means 500GH has to be present in the Scrypt coin networks that is not accounted for by known pools. The estimation for the pool numbers at any given time of the day is never going to allow that 500GH to fit anywhere. |
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Again, you are right about hash rate not being able to hide but it can be turned off and on and clearly visible wile doing so as unknown. The unknown on litcoinpool just shows the on part of unknown hashes not the "hiding" off hashes.
Show me where the 'Unknown' amount is increasing beyond a few dozen GH. I routinely check that figure and it is the Chinese pools mostly adding the extra hashrate to the total LTC network amount. |
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So this is only LiteCoin? Yes but before you begin a whole new tidal wave of stupid, there is only about 60GH of total Scrypt coin networks outside of Litecoin. |
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I see it does not. Wish it would it would help you and the others be more informed.
Urgh! Again with the stupid. When I say that the extra hashrate doesn't appear in the 'Unknown' section I mean it is accounted for by increases in the KNOWN POOLS. FFS. . .. |
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This is an image of just litecoins hash rate for just 1 day 16th today... notice the 500GH gaps roughly. It is impossible to hide 850GH on the network, however its not impossible to turn them off and on strategically.
:head-desk: :head-desk: :head-floor: Which part of "The only space for Scrypt.cc's hashrate to fit is in the 'Unknown' section" don't you understand?  The extra hashrate is already accounted for in known mining pools, mostly Chinese mining pools, by the way. |
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As you say short term ROI seekers are not helpful, neither are you as you not helping the so good developments which you are talking about by pointing people to them. This puts you in the corner of being a full body FUD spreader. Ignoring your appalling use of racist epithets, your assertion is still false. You cannot claim that informing people as the fraudulent nature of Scrypt.cc is only valid so long as I then provide an alternative 'good' investment for them to put their money into. What is it with people demanding that they be told the 'secrets' to investing? The 'secret' is that you do some fucking research yourself you lazy bastards. |
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