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Author Topic: Scrypt.CC | Scrypt Cloud Mining  (Read 749963 times)
RentaMouse
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April 21, 2014, 09:33:27 PM
 #341

I can understand Scrypt.cc's reasons for wanting to remain fairly anonymous, but its also a factor against me investing a significant amount in their site. I appreciate its still in "beta" and so far they have been pretty honest in their approach, however I would suggest they have to take steps to disprove the "Ponzi" accusation if they want to go mainstream. Which really means proving they have the hashpower they claim to have - anyone have any suggestions on how they can do it?

Perhaps announcing a list of coins their pool will mine for 24hrs, along with the deposit addresses with signed messages to verify ownership? The blockchains for those coins will then show which blocks they mined and comparison with the overall network hashrate for each coin would give a pretty good approximation of Scypt.cc's total hashrate.

Pool admin @ http://cryptonotepool.org.uk/ - for miners who value reliability (and like orange)!
Currently donating all of our 1% pool fee to the dev fund - mine at CryptonotepoolUK and support XMR at no extra cost!
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dyask
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April 21, 2014, 10:27:36 PM
 #342

I can understand Scrypt.cc's reasons for wanting to remain fairly anonymous, but its also a factor against me investing a significant amount in their site. I appreciate its still in "beta" and so far they have been pretty honest in their approach, however I would suggest they have to take steps to disprove the "Ponzi" accusation if they want to go mainstream. Which really means proving they have the hashpower they claim to have - anyone have any suggestions on how they can do it?

Perhaps announcing a list of coins their pool will mine for 24hrs, along with the deposit addresses with signed messages to verify ownership? The blockchains for those coins will then show which blocks they mined and comparison with the overall network hashrate for each coin would give a pretty good approximation of Scypt.cc's total hashrate.

They aren't anonymous, they are in Brazil.   The Admin has offered to give tours to people if they visiting in the area.  He has also clearly and many times explained why they don't publish the coins they are mining.   That is their edge and they don't want other pools following them.   This is a mining operation and profit is what it is all about.   However when the Admin is online he will tell you what they are mining if you ask.   In the past he has also provide addresses of many of the cold storage wallets used.   

There have been discussions about other less invasive ways to provide proof of their hashing power.  Such as just mining a chosen coin for 20 minutes.   (TheRue's plan)   I don't know if that will happen or not.   

The best evidence is just talking with them.   Also being paid every ten minutes!   Actually over time there is a wealth of evidence that everything is real.   For example when payouts have been lower I have found that must multipools are also having problems.

Finally the site has been up almost 3 months and it has been dealing honestly with customers.   If that isn't enough for you, then fine.   You have to decide the level of risk that you can accept.     For me there are two main points of risk:

1) There seems to be only one Admin that speaks English well.   I wish there were more at the site.   
2) The market is still very small, so it is hard to sell a large amount of KHS very quickly.   

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April 21, 2014, 10:29:52 PM
 #343

Admin that speaks English well. 

can i haz an audit pleazes?

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
dyask
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April 21, 2014, 11:46:37 PM
 #344

Admin that speaks English well. 

can i haz an audit pleazes?

When I wanted an audit, I entered a support ticket and it was done within a day.   
RentaMouse
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April 22, 2014, 12:54:31 AM
 #345

I probably should have said that I have bought KHs at Scrypt.cc so I'm not calling it a scam, I'm just saying that with anything Bitcoin anyone thinking of investing should be checking out a site very thoroughly first. Currently there are a few things that I would think put some people off, but then maybe Scrypt.cc are fine with that whilst they are still in beta.

Being pedantic though, if you dont know the names and addresses of the people running the website, they are anonymous. Doesn't mean they are criminals, BTC-e are in Bulgaria, they are still anonymous, doesnt seem to do their business much harm.




Pool admin @ http://cryptonotepool.org.uk/ - for miners who value reliability (and like orange)!
Currently donating all of our 1% pool fee to the dev fund - mine at CryptonotepoolUK and support XMR at no extra cost!
raskul
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April 22, 2014, 05:28:46 AM
 #346

Admin that speaks English well. 

can i haz an audit pleazes?

When I wanted an audit, I entered a support ticket and it was done within a day.   

lol , me too, i'm just being a rascal  Tongue

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
gon88
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April 22, 2014, 06:55:01 AM
 #347

Anyone knows why the price of KHS is going down everyday?
raskul
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April 22, 2014, 06:56:32 AM
 #348

Anyone knows why the price of KHS is going down everyday?

prices are controlled by users buy/sell. users are simply competing against one-another.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
gon88
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April 22, 2014, 07:04:24 AM
 #349

Anyone knows why the price of KHS is going down everyday?

prices are controlled by users buy/sell. users are simply competing against one-another.

Yeah, I know, thanks...  But I'm asking why this selling spree
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April 22, 2014, 07:38:29 AM
 #350

Anyone knows why the price of KHS is going down everyday?

prices are controlled by users buy/sell. users are simply competing against one-another.

Yeah, I know, thanks...  But I'm asking why this selling spree
You have to find some sellers and ask them.   People just want btc fast for some reason.   I don't know what that reason is. 
raskul
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April 22, 2014, 08:47:39 AM
 #351

thank you scrypt.cc for the very quick audit.
promptly reinvested  Grin

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
dyask
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April 22, 2014, 09:23:11 AM
Last edit: April 22, 2014, 10:30:15 AM by dyask
 #352

thank you scrypt.cc for the very quick audit.
promptly reinvested  Grin

The audit script went astray and spread out 600 BTC across accounts.  They retrieved all but 10 BTC because I guess people had already reinvested.   The admin called it the 10 BTC Easter give away.   Maybe you got some of that.  

I think I might have got .006 BTC of it myself across two accounts.  If so it is hashing away now.    Grin
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April 22, 2014, 06:34:56 PM
 #353

that explain why i have improved overnight also they are at 1.0000 per khs! wtf happened.. i know CEX is down to FHA price now but I never seen Script so low

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April 22, 2014, 07:16:45 PM
 #354

great time to get in!
Spitfire75
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April 22, 2014, 07:29:02 PM
 #355

I'm not getting the activation email. I've checked my spam folder and I'm able to reset my password and those emails I get, but I'm not able to activate my account. Please help.
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April 22, 2014, 07:59:05 PM
 #356

great time to get in!
I panic bought some khs  Cheesy

Smiley
RentaMouse
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April 22, 2014, 09:20:28 PM
 #357

that explain why i have improved overnight also they are at 1.0000 per khs! wtf happened.. i know CEX is down to FHA price now but I never seen Script so low

Someone put 20btc of khs on sale at BTC0.001 about 12 hours ago, seems to have been slowly getting sold off since. Does make a very tempting purchase at the current rate of return, especially compared to GHS from cex.io, but then it also shows that its harder to sell your KHS if you want to cash out in a hurry.

Pool admin @ http://cryptonotepool.org.uk/ - for miners who value reliability (and like orange)!
Currently donating all of our 1% pool fee to the dev fund - mine at CryptonotepoolUK and support XMR at no extra cost!
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April 22, 2014, 09:58:17 PM
 #358

that explain why i have improved overnight also they are at 1.0000 per khs! wtf happened.. i know CEX is down to FHA price now but I never seen Script so low

Someone put 20btc of khs on sale at BTC0.001 about 12 hours ago, seems to have been slowly getting sold off since. Does make a very tempting purchase at the current rate of return, especially compared to GHS from cex.io, but then it also shows that its harder to sell your KHS if you want to cash out in a hurry.

Liquidity woes  Undecided
dyask
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April 22, 2014, 11:07:19 PM
Last edit: April 22, 2014, 11:34:55 PM by dyask
 #359

thank you scrypt.cc for the very quick audit.
promptly reinvested  Grin

The audit script went astray and spread out 600 BTC across accounts.  They retrieved all but 10 BTC because I guess people had already reinvested.   The admin called it the 10 BTC Easter give away.   Maybe you got some of that.  

I think I might have got .006 BTC of it myself across two accounts.  If so it is hashing away now.    Grin

My son also had an extra .003 BTC this morning in his account.   If it was 10 btc worth that would suggest about 3000 accounts.    Interesting.

Edit: Sounds like the extra was somewhat random.   So I guess that doesn't tell us much. 
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April 22, 2014, 11:16:51 PM
 #360

The final mass audit before the rebuilt and hopefully less buggy referal system is on the way.   Was a little over 6 million database entries checked.   All past due referal earnings are being credited to accounts as we speak. =)  Hopefully those that where bugged or partial bugged should see those earnings in the next couple hours.
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