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1  Alternate cryptocurrencies / Altcoin Discussion / [SCAM ALERT] http://doge.scryptpools.com/ - DOGECOIN MINERS PLEASE READ on: December 29, 2013, 08:17:34 PM
dear forum members,

I am making this thread in attempts to raise public awareness and prevent losses for members of the community who mine dogecoin at http://doge.scryptpools.com/

I previously had mined at this pool for several weeks until I started to notice a few...discrepancies. First, the pool was experiencing downtime, orphans, and disconnects and an unusable rate. these are problems that are expected to be experienced by a pool when it is growing. The pool operator (also a member of this forum) by the name of phonetic would respond to the support thread with usually helpful sounding, although vague, responses saying he was fixing one thing or another.

come christmas, many miners were becoming weary of the problems. On top of that, phonetic raised the pool fees to 2% and released a statement saying that he did so because he felt he deserved it for "putting in time on christmas eve" to fix a problem that subsequently never became fixed. on top of that, confirmed payouts started to go missing, sometimes having their block ID removed from the database altogether. phonetic has said he would handle these problems if only the people who suffered email him personally, away from the thread. this moment was a serious red flag for me, so I started to move my doge out of the site just to be safe.

as I continued to monitor the situation over in the support thread (which, for anyone interested can reference at https://bitcointalk.org/index.php?topic=362153.920), it had appeared that the strike phase of this plan had gone into full effect on 12/25 or 12/26. only a handful of users were reporting successful payouts at the time, and now as of 12/29 there have been over 40+ individual complaints filed in the support thread that both auto and manual payouts have stopped, and some users are reporting no payment after 4 days of waiting and still going. The pool operator has all but disappeared from the support thread, yet he is still making sure to keep his mining rig running and pool at least running to the point that he can utilize all of his 2,000 miners hashing power still, as he's finding blocks and getting paid for them.

the combined total of this pool should be around 100 million doge at it's current rate and number of miners, and coincidentally several hours ago there was a HUGE unloading of dogecoin in a SINGLE order on cryptsy for 98498370.52374497 or 98 BTC.

now, this all very well may be speculation. however, given that the Dogewallet and Dogehouse sites got hacked, these investigative findings should not be taken lightly and I call on other users to help shed light on the situation and either confirm or deny the situation as phonetic himself refused to address the issue and is now in hiding. if it is indeed a scam, it appears that may already be too late for the victims but it is not too late to stop others from making the same mistake.

hope this helps!
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