That wasn't really the point I was trying to make - my point was, my initial earnings seemed small (just like faucet earnings today). Several years later, however, the small earnings were worth considerably more. You're right, I doubt anyone these days is going to earn 0.5 BTC from faucets any time soon - but what they do earn may well grow in value more than they expect.

That said, my advice (if you believe today's faucet earnings will be worth considerably more in the future) is: buy BTC if you can. It's the quickest way, and when you factor in the cost of your time - it's probably cheaper, too.

While we're on the subject... you told us you'd received two 4 BTC withdrawals. Despite a lot of hand-waving and the inevitable "retro-chic" homophobic slurs you've not ponied up yet. I'm certain that's an oversight on your part and you'll rectify it now. You wouldn't want people thinking you're - gasp! - a liar now, would you?!

I do, but infrequently, and more for fun than anything else. My first BTC transaction was from a faucet - it was the only faucet, and I got 0.5 BTC. At the time that was nothing, which makes me hope that the few satoshi I get from faucets these days may one day be worth much more - I live in hope!

Even with that 0.5 BTC, the money I've earned from faucets is dwarfed by the BTC I've bought (and that, sadly, is itself dwarfed by the BTC I've mined and then sold to pay the electricity costs, GPU purchase, etc). Thinking about it, I've probably made more BTC in the past 2-3 days trading than I've ever made on faucets. I doubt I'll stop using faucets, however - it's a nice way to relax sometimes.

Edit: doh, forgot the whole of the post. Find a faucet list (or several) that list higher paying faucets. If you're anything like me, you'll run ad-block most of the time - you'll need to (or your nephews will need to!) unblock faucet sites, and by sticking to the top 10 (say) in a list, you'll limit the amount of hassle you'll need to go through, and the rewards will be proportionately higher. FaucetBox.com have a good list, Landofbitcoins.com is an OK "rotator" (effectively a list, but you'll need to work out which faucets on it pay well and tell Landofbitcoins to ignore the rest). I used to have referral links in my signature - that drew in a few more satoshi as well. I gather people can do better from referals than faucets, though I don't recall that being my experience (I probably wasn't pushing the referal links hard enough).

I'd like to join, if there are still places?

Agreed. What I'm struggling with is - assuming a free market - why has yield risen to the point where ROI is "way shorter than the competition / too good to be true"? My assumption would be that there are external factors - that the market (scrypt.cc) isn't as free as it appears. To give an analogy, the last time I was almost tempted by something too good to be true was arbitrage between exchanges a couple of years back. At the time, it was possible to deposit fiat in a Japanese exchange, BTC in a Chinese exchange, and then buy BTC in the former and sell BTC in the latter for a (theoretical) 5-7% profit. I assessed the risk of the Chinese exchange to be too high - I was wrong, though it did save me in the end. It turned out that the Japanese exchange - MtGox, obviously - had serious problems, and that arbitrage opportunities (like Gox withdrawals) were an illusion.

Edit: clarified that arbitrage "profits" were theoretical, obviously because withdrawals from MtGox were n't possible.

If the yield goes down the ROI point should be further away, no?

I certainly can do if that's what other posters want - I don't have any "skin in the game", so it's probably more useful for other posters to comments anyway. I do, however, see value in constantly challenging unsubstantiated claims - otherwise the claims become normalised and they appear more believable to unsuspecting punters (for the same reason I think repeated warnings and links to similar discussions is useful).

(As an aside, I also differentiate between knee-jerk responses to trolls - not at all useful, it's what they're looking for - and holding shills to account for what they've claimed - it tends to be exactly what they don't want).

Bump.

ThorSWO, when you were answering other people's posts, you appear to have overlooked this one. Any updates? A transaction ID (or two) showing 4 BTC transfers?

Well, it's just that it doesn't entirely seem to be the right direction. I kinda thought there'd be at least one 4 BTC transaction there. But I've just scrolled through the 5th September down to the 1st September, and no 4 BTC

For folks playing along at home, I used btc.blockr.io - https://btc.blockr.io/address/info/1Bidh2XFr9JzfXppeZd2cPKpbnJGvqCY4h - and kept clicking the "show more transactions" button until I got to the 1st September. Then I did a CTRL-F (or CMD-F) in Chrome and searched for "Amount: -4". That came up blank.

And which transaction one is your one? C'mon, you know we know you know how to provide a transaction ID. You can do better than this!

You mean like this one? https://btc.blockr.io/address/info/1Bidh2XFr9JzfXppeZd2cPKpbnJGvqCY4h

Yeah, if there's a very recent 4 BTC transaction from scrypt.cc, that could be "recycled" and we'd have no way of knowing unless the real recipient became aware of this and spoke up.

I see transaction IDs as the minimum standard of evidence required. It's not proof-beyond-doubt, but it's better than an unsubstantiated claim.

Got a transaction ID for those two withdraws? You've managed to provide one once before, so I'm confident you (a) know they're expected, and (b) can work out how to provide them!

I posted my address (the one in my sig) here a few weeks? months? back, but didn't sign it. Could some kind person quote this and stop me feeling foolish?!

Quoted!

It's great that you acknowledge that you shouldn't be promoting scrypt.cc as anything other than a risk. However, your claim that "there is no such investments in the Crypto-Coins world. Not yet." is...

Bullshit. There are plenty of investment opportunities that don't rely on depositing with someone who has scammed you out of 20 BTC. There are plenty of investment opportunities where counter-party risk doesn't entail dealing with someone who - in your own experience - is a scammer. Simply looking at the numbers (total number of exchanges that have failed / total number of BTC exchanges that have existed) shows your bold claim to be bogus. Now consider how many "cloud mining" operations have existed, and how many have been scams. The counter-party risk is clearly far, far, far higher with "cloud mining".

For reference, I'm counting MtGox as the one exchange that has failed (I'm ignoring exchanges that closed but didn't leave customers out-of-pocket). In contrast, this post about cloud mining scams (and how to spot them) has an extensive list of cloud mining operations that have failed, or (in the case of scrypt.cc) are likely to fail soon.

Despite your bold claim, I've made a steady drip of money with swaps on Bitfinex. It's nothing great, it's not going to make me rich, and I would never risk all my BTC at Bitfinex, but it proves to me that there are investments where reward outweighs risk (at this time - I'm not saying you can all trust Bitfinex forever, because - spoiler alert - I'm not a shill). I've also made good money selling binary puts at Coinut (again, I'm not recommending everyone pile in and try this - I've traded options in the past and I'm comfortable managing risk, but it - again - demonstrates that there are investments where risk can be managed).

Why? What would this show me that your (eventual) answer above didn't? Your (eventual) answer showed me that you're a gambler - any advantage you see in scrypt.cc isn't likely going to be an advantage for me (because I'm not a gambler - I'm looking for investments where (a) I can assess risk and reward, and (b) the risk/reward ratio is favourable).

Going forward, when people question whether scrypt.cc is a safe investment, maybe you could acknowledge up-front that you're a gambler and don't regard scrypt.cc as cloud mining, but as a ponzi scam. That would save a lot of time, and might save some people from losing their money.

Thank you. So, it's a game, scrypt.cc aren't mining.

You can make assumptions about my age, gender and level of intelligence all you like (standard operating procedure for scrpt.cc fans here seems to be making assumptions about sexuality, so you're doing better than some) - it's not going to anger me and I'm going to continue to ask questions until you answer them. All you had to say was "I'm a gambler" several posts ago and you'd have answered my question. However, on the subject of unrealised profits - you continue to keep money in scrypt.cc. That's silly if you're an investor. It does make (some) sense if you're a gambler - you're gambling that you will be able to realise your profits before the trapdoor is bolted shut.

I'm inclined to attribute it to confirmation bias!

More helpfully, since the OP was exchanging - rather than trading - and the need for the exchange was known in advance then the transaction could have been "hedged" - the OP could have used options to insure against a rise (and/or a fall) in price. (As far as I know, right now this is only possible with BTC/USD, which may not be useful to the OP).

There's a poster on Bitcointalk who sells options OTC (https://bitcointalk.org/index.php?topic=223626.0) and one exchange (http://www.coinut.com) with another opening this month (http://www.quedex.com). The latter exchange looks like it's going to offer USD and CNY in addition to BTC/USD.

And my question was - and is - why don't you withdraw it all? Given that you acknowledge that you've been ripped off for 20 BTC already, I want to understand why you keep any money at scrypt.cc. Is it because you can't withdraw it? Is it because you don't understand the difference between realised and unrealised profits? Is it because you're happy to gamble? Or is it some other reason I've not considered?

I don't really care what your "benefice untill today" is - what I want to know is why you still have money invested in scrypt.cc, given the 20 BTC rip-off you experienced.

Here's what I asked you in my last post, I've repeated it here so you can answer the question I'm asking, and not imaginary questions about "benefice":



...and the same question, from the post before that one: