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Author Topic: Scrypt.CC | Scrypt Cloud Mining  (Read 749963 times)
ziomar
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April 18, 2015, 01:08:22 PM
 #1141

"A picture speaks more than a thousand words!"
Picture really means something! And I don't understand why you think that they hid picture for security purposes? I recommend people to not invest in their site before they show us some pictures of their mining rig and prove that it's really theirs!
I believe in "Picture or it never happened."
 Anyways, As I already said let's not talk on this anymore! If we continue, there will be a dispute and no good conclusion can be drawn Smiley

I love scrypt.cc and so far I trust Marcelo, but some picture could calm down a bit all of these bad voices!

Yes, it certainly will calm down "these bad voices"! At least mine Smiley

Wow ... First you state you don't understand cloud mining and then you demand something that is basically nonsense.   Pictures don't prove anything in this day of age.   It is worthless evidence.   Actually I don't think pictures would quiet you down.

Yes I don't understand cloud mining very well! But I can use my common sense very well! And asking for picture isn't nonsense! It wouldn't be any problem for them to take a snap and upload it if they really own some mining rigs! Don't know why you are not understanding me or why I am not understanding you! And for the last answer of yours, "Yes! If they show us some pics of their mining rig and prove that its theirs, I would keep quiet." Btw why do you even think they are hiding picture for security purposes? Noone is killing them if someone know they're mining! Makes no sense at all  Undecided

AGREE a couple of pics and a small video could calm down this debate. Constantly ignoring it, as it is happening, it's just getting this issue worst and worst

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April 18, 2015, 01:22:08 PM
 #1142

you dont want pictures you want verifiable receipts, anyone with Photoshop experience can provide you with a picture of a warehouse full of mining rigs.

If they cared about their business they would give you what you ask for, in my business you don't have to ask for it, the proof of your investment resides right in your account members area. There are pictures of every wallet we are staking in so you can watch as your investment is working for you, as well as see if I am withdrawing funds or messing with anything.

If a business in crypto today wants to be in existence and survive transparency is a must, you have to be willing to provide everything you need for your clients in a matter of

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That is how hard it is to provide a small amount of proof to your investors. they pay the bills, they make your business a reality, so to give them something more than lip service is not asking to much.

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April 18, 2015, 02:26:02 PM
 #1143

you dont want pictures you want verifiable receipts, anyone with Photoshop experience can provide you with a picture of a warehouse full of mining rigs.

If they cared about their business they would give you what you ask for, in my business you don't have to ask for it, the proof of your investment resides right in your account members area. There are pictures of every wallet we are staking in so you can watch as your investment is working for you, as well as see if I am withdrawing funds or messing with anything.

If a business in crypto today wants to be in existence and survive transparency is a must, you have to be willing to provide everything you need for your clients in a matter of

1


2


3

That is how hard it is to provide a small amount of proof to your investors. they pay the bills, they make your business a reality, so to give them something more than lip service is not asking to much.

what kind of coins are those Huh Huh Huh
You change them directly in btc or the users should do the conversion?

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April 18, 2015, 02:29:26 PM
 #1144

what kind of coins are those Huh Huh Huh
You change them directly in btc or the users should do the conversion?

This guy sent me a PM! According to the PM:
Quote
We do that, and the only reason we charge a withdraw fee on an investment is because when I have to sell coins out of the staking wallets It penalizes everyone in the pool. The fees on withdraws decrease the longer your investment is with us, if you withdraw in the first 30 days it will be higher than if you leave it there for 6 months, this is also because your investment has already made enough to cover the withdraw fees so we lower them with time to be fair to you as well.

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April 18, 2015, 03:15:11 PM
 #1145

what kind of coins are those Huh Huh Huh
You change them directly in btc or the users should do the conversion?

These are Proof Of Stake Coins, coins that you hold in a wallet and your connection to the network mines and processes the transactions, the similar thing to POW mining is you also find blocks and get rewards. Altho not all coins are alike, the basic principle is the more coins you hold the higher your amount is when you stake (find a block) and the more frequently you can stake (find a block) so basically each coin you hold in POS can represent 1 MHS of POW mining power, the more coins you hold the more blocks you can solve for a reward.

We do all the work for you, we have a variety of coins you can invest with, we then exchange them and put the coins in the wallets you saw above, they begin staking. you then earn BTC on your investment. Because at the end of the day you will end up selling those coins for BTC to get your fiat payout you desire.

This guy sent me a PM! According to the PM:

In our business you can not lose your investment, we buy coins and stake them not hardware that can not be exchanged for cash. But to be honest any cloud mining service should always be able to return your investment minus a small fee. We do that, and the only reason we charge a withdraw fee on an investment is because when I have to sell coins out of the staking wallets It penalizes everyone in the pool. The fees on withdraws decrease the longer your investment is with us, if you withdraw in the first 30 days it will be higher than if you leave it there for 6 months, this is also because your investment has already made enough to cover the withdraw fees so we lower them with time to be fair to you as well.

I edited your post to include the whole paragraph not just a sniplet Smiley

Withdraw of investment is not the same as payout on your investment, there are no fees on your payouts. We have back-end POW mining we are doing that so far is able to cover the costs of payouts and bonuses, so thus far in the system we have not had to sell the coins we stake to exchange them for BTC to make payouts. We have been able to help move the value of the coins we stake up and not have to withdraw them. As things progress the back end mining will no longer be able to support payouts, at which time some of the wallets have a feature that allows us to set a portion of the coins we stake aside so those can be cashed out for the investors payouts creating an equilibrium on the market for those coins. Meaning the value of the coin will move sideways not so much up or down.  

Our Service is not a POW service, we started researching in POW and wanted to start a POW cloud mining service, but after a complete research on the overhead costs and what it would take to keep the business profitable for itself and its customers, we found POS mining to be a better alternative, where ones investment can be safe, and have the ability to be returned after a certain amount of time with us.

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April 18, 2015, 05:53:10 PM
 #1146

Admin said there will never be pictures. For Safety Reasons. I understand that.

Who does not like it, stay away. Very simple.

He never wanted that his side is so well known. And he has no interest to attract many users.
He has no reason to build further confidence.

In short:
Can you deal with conditions as they are now? Happy mining!

You can not? Get out!

And I say clearly: A loss risk is always there.
The Bitcoin business is highly risky.

If you want secure profits, I recommend a savings account at the bank.
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April 18, 2015, 06:11:37 PM
 #1147

Admin said there will never be pictures. For Safety Reasons. I understand that.

Who does not like it, stay away. Very simple.

He never wanted that his side is so well known. And he has no interest to attract many users.
He has no reason to build further confidence.

In short:
Can you deal with conditions as they are now? Happy mining!

You can not? Get out!

And I say clearly: A loss risk is always there.
The Bitcoin business is highly risky.

If you want secure profits, I recommend a savings account at the bank.

Altho I do not believe pictures prove anything in today's digital world, I think his investors deserve to understand what possible safety violation there is at posting a picture. I mean I own a cloud mining service and in my opinion when a person who invests 3 BTC asks you for some kind of proof of their investment it is your responsibility to provide that proof, Pure and simple. So since you understand it please explain it to the rest of us.

If he didnt want that his side is so well known why did he start a cloud mining business, and even more why advertise it. This thread seems quite contradicting to that theory don't you think?

He always has a reason to build farther confidence with his investors especially in the crypto world. No one can ever say anything to a company who builds a strong confidence with their investors. If your investors can not trust you, how can you ever expect to get new members to your service.

The "risk of loss" can be greatly diminished and confidence can be built with his investors if he provided the proof they desire, when your business doesn't have something to hide its easy to provide proof, scroll up there my proof I am working for my investors, that is basically our warehouse of mining machines, wallets full of coins is our mining equipment. Its not hard to provide that proof to my investors.

Bottom line no pictures are needed post the receipts of purchase, there is no security risk in providing that information. I can provide that for my customers as well, all my transaction proving I purchased coins with their investment can easily be given to them Smiley I mean if he has the receipts it would take a total of 10 minutes at the most to scan them edit out any risk of security info that may be on there (credit card numbers, shipping addresses) so what is the problem. For me ask yourself isn't it easier to just provide some receipts or these pictures as proof rather than deal with pages of people asking for them. when we launched our site this information was provided from the first week of our launch, and so far not one time has anyone asked for proof of their investment, why because they already have it every time they log in:)

My site pays better than any bank you can find, name one bank that can pay you 100% yearly interest on your holdings? Not even JP Morgan can do that. Not to mention even banks are not as secure as we make them out to be, they use transaction software that was developed in the early 90's and have no interest in updating it.

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April 18, 2015, 06:11:57 PM
 #1148

"A picture speaks more than a thousand words!"
Picture really means something! And I don't understand why you think that they hid picture for security purposes? I recommend people to not invest in their site before they show us some pictures of their mining rig and prove that it's really theirs!
I believe in "Picture or it never happened."
 Anyways, As I already said let's not talk on this anymore! If we continue, there will be a dispute and no good conclusion can be drawn Smiley

I love scrypt.cc and so far I trust Marcelo, but some picture could calm down a bit all of these bad voices!

Yes, it certainly will calm down "these bad voices"! At least mine Smiley

Wow ... First you state you don't understand cloud mining and then you demand something that is basically nonsense.   Pictures don't prove anything in this day of age.   It is worthless evidence.   Actually I don't think pictures would quiet you down.

Yes I don't understand cloud mining very well! But I can use my common sense very well! And asking for picture isn't nonsense! It wouldn't be any problem for them to take a snap and upload it if they really own some mining rigs! Don't know why you are not understanding me or why I am not understanding you! And for the last answer of yours, "Yes! If they show us some pics of their mining rig and prove that its theirs, I would keep quiet." Btw why do you even think they are hiding picture for security purposes? Noone is killing them if someone know they're mining! Makes no sense at all  Undecided

A picture doesn't prove anything when it comes to mining.   You don't know what these people look like or what the site looks like.   There are countless pictures of mining rigs.   Having pictures only opens up more questions.   Besides 350 GHS of mining is a lot more than can be fit into a picture or two.

What I do know is they are based in Brazil and in Brazil crime is a serious problem.   While pictures don't prove they are mining, it might provide a lot of information to people you don't want involved with your operation.  
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April 18, 2015, 06:35:28 PM
 #1149

Admin said there will never be pictures. For Safety Reasons. I understand that.

Who does not like it, stay away. Very simple.

He never wanted that his side is so well known. And he has no interest to attract many users.
He has no reason to build further confidence.

In short:
Can you deal with conditions as they are now? Happy mining!

You can not? Get out!

And I say clearly: A loss risk is always there.
The Bitcoin business is highly risky.

If you want secure profits, I recommend a savings account at the bank.

Altho I do not believe pictures prove anything in today's digital world, I think his investors deserve to understand what possible safety violation there is at posting a picture. I mean I own a cloud mining service and in my opinion when a person who invests 3 BTC asks you for some kind of proof of their investment it is your responsibility to provide that proof, Pure and simple. So since you understand it please explain it to the rest of us.

If he didnt want that his side is so well known why did he start a cloud mining business, and even more why advertise it. This thread seems quite contradicting to that theory don't you think?

...

Your site your choice.   That doesn't mean it is right for every place. 

I would hardly call posting one thread on bitcointalk advertising.   Scrypt.cc started in Feb, 2014 and there weren't that many users but there was a core group.   When the Admin/owner disappeared things went downhill pretty fast, but the site always operated.   Posting that he was back after a serious health issue and fixing the problems is hardly advertising.   What scrypt.cc is now is probably a lot different than what they first planed on last year.   I think at first they were planning on being a major cloud mining site.   At this point they don't need any advertising.   

You can often chat with the admin on their site.   They of no intention of making the site mainstream like cex.io or you name it.   There as also been the referral program which many users depend on.   It is mostly those people that place ads trying to get referrals.   I know this to be a fact because I've chatted with some of them on the site chat.   The referral program is just 5% and it seems mostly something that only small players are interested in. 

The Admin is open and honest about the site.   If you have questions you can ask him yourself when he is online.  If you don't like it, don't go there.   The only people that might cry about it would be people that think they are missing you as a referral.
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April 18, 2015, 06:47:28 PM
 #1150


Your site your choice.   That doesn't mean it is right for every place.  

I would hardly call posting one thread on bitcointalk advertising.   Scrypt.cc started in Feb, 2014 and there weren't that many users but there was a core group.   When the Admin/owner disappeared things went downhill pretty fast, but the site always operated.   Posting that he was back after a serious health issue and fixing the problems is hardly advertising.   What scrypt.cc is now is probably a lot different than what they first planed on last year.   I think at first they were planning on being a major cloud mining site.   At this point they don't need any advertising.  

You can often chat with the admin on their site.   They of no intention of making the site mainstream like cex.io or you name it.   There as also been the referral program which many users depend on.   It is mostly those people that place ads trying to get referrals.   I know this to be a fact because I've chatted with some of them on the site chat.   The referral program is just 5% and it seems mostly something that only small players are interested in.  

The Admin is open and honest about the site.   If you have questions you can ask him yourself when he is online.  If you don't like it, don't go there.   The only people that might cry about it would be people that think they are missing you as a referral.


My site My choice, you are correct it is my choice to provide my investors with the proof of their investment, you could not be more correct in that, it is also his choice not to provide his investors with proof of their investment.

Cloud Mining referral programs are the first sign of a Ponzi waiting to happen. Not to be rude, but i will be blunt, that is the worst thing for an investor to "depend on" because that could essentially be the reason a cloud mining site goes in the negative financially. And this is all the more reason proof of hardware is a necessity, you cant just give massive amoutns of hash out as a referral bonus if you dont have it to give out.

My referral program is hard coded into our system, you dont get a bonus per say where I have to take funds or hashing power from one person to pay another, with every new investor we get all current investors income raises according. Actually this past week our investors saw their staking weight (mining power) on the site decreased but their daily earnings increased. This is something NO OTHER cloud mining service can offer.

I would have no need to chat with him if he already provided the proof we all want Smiley but thank you for the offer, lip service is cheap, proof is worth a lot more.

FYI 350GHS is only 180 S4s and they have bigger machines than the s4s now Smiley Im just saying that will fit nicely in a picture. Also if everyone already knows its in Brazil what more safety risk can there be? I would think the electric bill would be more of a security risk than a picture online Smiley

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April 18, 2015, 07:02:27 PM
 #1151

Guys i believe that the owner of Scrypt.cc is the same Criss of the LTCgear and the end will be the same>
have no proof it just my opinion Huh
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April 18, 2015, 08:15:53 PM
 #1152

Admin said there will never be pictures. For Safety Reasons. I understand that.

Who does not like it, stay away. Very simple.

He never wanted that his side is so well known. And he has no interest to attract many users.
He has no reason to build further confidence.

In short:
Can you deal with conditions as they are now? Happy mining!

You can not? Get out!

And I say clearly: A loss risk is always there.
The Bitcoin business is highly risky.

If you want secure profits, I recommend a savings account at the bank.

R u sure Macelo said so?
Next time I'll see him on line I'll ask him.

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April 18, 2015, 09:36:44 PM
 #1153

the site is a year old ok
did any tried it  for more than 6 months and no problem withdrawing
 
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April 18, 2015, 10:36:23 PM
 #1154

R u sure Macelo said so?
Next time I'll see him on line I'll ask him.

He spoke with the guy whose mate soon we will visit the data center (Anthony I think)
He told him, taking pictures is not allowed. And he will not publish any.

Maybe I misunderstood it. But I do not believe it.

So yes, ask him on occasion.
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April 18, 2015, 11:56:22 PM
 #1155

Cloud Mining referral programs are the first sign of a Ponzi waiting to happen. Not to be rude, but i will be blunt, that is the worst thing for an investor to "depend on" because that could essentially be the reason a cloud mining site goes in the negative financially. And this is all the more reason proof of hardware is a necessity, you cant just give massive amoutns of hash out as a referral bonus if you dont have it to give out.

The scrypt.cc referral program is modest compared to most.   There are plenty of sites that have much larger referral programs.   Just because Ponzi programs typically use referral programs doesn't mean that a referral program means something is a Ponzi.    For the record the cost of the referral program was gone over many times in the past.   After power/maintenance costs are removed an additional 8% is held back.   Of that 8% the 5% referral is paid.   I suspect very few larger accounts are referral accounts.   On chat I often hear people talking about their dozens or even hundreds of referrals that actually don't amount to much.   

Anyway, I don't depend on, recommend it or ask for referrals.   In general I find referral programs distasteful.   

FYI 350GHS is only 180 S4s and they have bigger machines than the s4s now Smiley Im just saying that will fit nicely in a picture. Also if everyone already knows its in Brazil what more safety risk can there be? I would think the electric bill would be more of a security risk than a picture online Smiley

What do S4s have to do with mining scrypt?   You need to get a clue about what you are talking about.

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April 19, 2015, 12:00:00 AM
 #1156

Admin said there will never be pictures. For Safety Reasons. I understand that.

Who does not like it, stay away. Very simple.

He never wanted that his side is so well known. And he has no interest to attract many users.
He has no reason to build further confidence.

In short:
Can you deal with conditions as they are now? Happy mining!

You can not? Get out!

And I say clearly: A loss risk is always there.
The Bitcoin business is highly risky.

If you want secure profits, I recommend a savings account at the bank.

R u sure Macelo said so?
Next time I'll see him on line I'll ask him.

I haven't heard exactly those statements, but in general that sounds pretty much correct.   
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April 19, 2015, 01:27:45 AM
 #1157

Since everybody knows that scrypt mining is unprofitable anymore and it is impossible to reach roi so quickly with sha256 - the only option I imagine is they mine X11 algo. But is it really so profitable? Why other companies don't do it if that's the case Huh

Simple answer! Scrypt is a Ponzi scheme! No matter even if they tell they're using quantam computers, you must be smart enough to realize early that it's a Ponzi scheme and not a real mining site Smiley

It might be a Ponzi scheme. But I made a little calculation. With the KHs amount I have I am getting %60 of btc a guy can make with that KHs if he was mining the most profitable scrypt coin at that moment.

Try: http://www.coinwarz.com/cryptocurrency
And see it for yourself.

What I don't understand is why he is giving away all those KHs for lifetime when he could mine for himself a lot more. Maybe selling for one time, cutting %40 of earnings and having 0.001 withdrawel fee is much more profitable.

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April 19, 2015, 02:34:29 AM
 #1158

cloud mining in general is the most lucrative way to get paid up front, all you do is buy hardware  take peoples money upfront and put the burden on them for mining luck, price of btc, etc. Because you already got paids.

Plus to cover ones ass,  all you have to do is add a line in your TOS price of btc hits x amount we stop mining and you lose all your btc.

Its kinda like back in the 1900's selling snake oil to cure old age, a 100% 99.9999999% racket.


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edited for the 1 or 2 honest cloud miners out there..
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April 19, 2015, 03:34:05 AM
 #1159

How much longer will this ponzi last? I am surprised it is still going.

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April 19, 2015, 05:32:51 AM
 #1160



What do S4s have to do with mining scrypt?   You need to get a clue about what you are talking about.



Oh yea my mistake I forgot we were talking scrypt only there for a minute, However without proof how do you know what he is mining? You have no idea if he is mining SHA, Scrypt, heck he could be stake mining for all you know and charging you for mining equipment and fees to run the mining equipment and all he has is a computer with a bunch of wallets on it. Without proof we actually know nothing Smiley

Either way even if he is doing scrypt, showing a picture of 350 GHS in scrypt miners is not to much to ask for either. The bottom line is he just refuses to provide the proof, which means most likely he does not have the equipment to support the customer base. If you have the proof, why not just post it and be done with the situation.

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