Scrypt.CC | Scrypt Cloud Mining

[clownius]

PSA: scrypt.cc is a scam, most likely of the "ponzi" variety. You will lose your money if you try to "invest" or "play" or whatever you want to call your participation in this shitshow. You've been warned.

More info here: https://bitcointalk.org/index.php?topic=1102560.0

1. Investor fraud began immediately when Marcelo advertised he was selling shares on a mining farm when no mining was taken place. This is investor fraud by US law and likely in other jurisdictions. From the front page of ScryptCC as of 9/2/1025:

Scrypt.CC | Purchase MHS in a matter of seconds, start mining right away and even be able to trade your MHS in real time with prices based on supply and demand!Our custom software mines the most profitable coins!

Most cryptocurrencies that are mined by computers use a ‘proof of work’ algorithm, designed to make them prove that they have invested the computing power in producing the coins. Bitcoin uses SHA–256, but many alternative coins (altcoins) use another system, called scrypt.

Scrypt.CC was created to make mining scrypt based coins accessible to everyone without huge upfront costs, no huge electricity bill at the end of the month, no worries with hardware failure, no babysitting the machines 24/7. We take care of all of that for you!

2. The 850 Gh/s claimed which is now closer to 6000 Gh/s, cannot be accounted for on any Scrypt coin network and coin liquidity analysis on exchanges does not show volume sufficient to exchange enough Scrypt coins to support Bitcoin payouts on this site:

https://bitcointalk.org/index.php?topic=1102560.0

3. Rewards have steadily diminished now for months, despite significant improvements in Scrypt mining conditions. This resulted in a price drop and extended many people's ROI into neverland. Conveniently both SccStats and MSGRelay have deleted all the KHS history and now only show a few days of MHS history.

4. Many people had 37,000 KHS mysteriously removed from their accounts. This has not been explained or corrected:

https://bitcointalk.org/index.php?topic=444495.msg12218831#msg12218831
https://bitcointalk.org/index.php?topic=444495.msg12151050#msg12151050
https://bitcointalk.org/index.php?topic=444495.msg12151078#msg12151078
https://bitcointalk.org/index.php?topic=444495.msg12151152#msg12151152
https://bitcointalk.org/index.php?topic=444495.msg12151183#msg12151183
https://bitcointalk.org/index.php?topic=444495.msg12151196#msg12151196
https://bitcointalk.org/index.php?topic=444495.msg12151325#msg12151325


5. Many people have had multiple support tickets deleted with no resolution:

https://bitcointalk.org/index.php?topic=444495.msg12151173#msg12151173

6. Many people have had withdrawals cancelled and/or shown them as processed when they were never sent:

https://bitcointalk.org/index.php?topic=444495.msg12298508#msg12298508
https://bitcointalk.org/index.php?topic=444495.msg12288899#msg12288899
https://bitcointalk.org/index.php?topic=444495.msg12288972#msg12288972
https://bitcointalk.org/index.php?topic=444495.msg12286562#msg12286562
https://bitcointalk.org/index.php?topic=444495.msg12218846#msg12218846
https://bitcointalk.org/index.php?topic=444495.msg12218875#msg12218875
https://bitcointalk.org/index.php?topic=444495.msg12219039#msg12219039
https://bitcointalk.org/index.php?topic=444495.msg12219078#msg12219078
https://bitcointalk.org/index.php?topic=444495.msg12189182#msg12189182


7. When KHS was converted to MHS, the overall availability went from 850 "GHS" to 6000 "GHS" with no explanation

7a. During this conversion rounding was used and many people lost KHS

7b. Once the conversion took place, the commodity was immediately devalued below the 100 satoshi per KHS threshold once again devaluing portfolios:

https://bitcointalk.org/index.php?topic=444495.msg12226151#msg12226151

8. At multiple points, many people have had auto-invest force turned on, resulting in additional loss of accrued BTC:

http://bitcoinist.net/cloud-mining-provider-scrypt-cc-drains-bitcoin-user-balances/

https://bitcointalk.org/index.php?topic=444495.msg12288899#msg12288899
https://bitcointalk.org/index.php?topic=444495.msg12290220#msg12290220
https://bitcointalk.org/index.php?topic=444495.msg12291203#msg12291203
https://bitcointalk.org/index.php?topic=444495.msg12286569#msg12286569
https://bitcointalk.org/index.php?topic=444495.msg12286562#msg12286562
https://bitcointalk.org/index.php?topic=444495.msg12219039#msg12219039
https://bitcointalk.org/index.php?topic=444495.msg12219078#msg12219078
https://bitcointalk.org/index.php?topic=444495.msg12219252#msg12219252
https://bitcointalk.org/index.php?topic=444495.msg12219411#msg12219411
https://bitcointalk.org/index.php?topic=444495.msg12213273#msg12213273

[1714697680]

1714697680

[1714697680]

1714697680

[1714697680]

1714697680

[Jude Austin]

Haha, it's absolutely insane that this website is still being used....

[ziomar]

Haha, it's absolutely insane that this website is still being used....

Many people like me are just stuck inside... we are hostages

[ThorSWO]

Haha, it's absolutely insane that this website is still being used....

Many people like me are just stuck inside... we are hostages

Oh cut the crap.
How hard is it to just sell, withdraw and never look back?
I own a ton of MHS and I could be out in a few days tops.
Find a better excuse.

[suchmoon]

Haha, it's absolutely insane that this website is still being used....

Many people like me are just stuck inside... we are hostages

Oh cut the crap.
How hard is it to just sell, withdraw and never look back?
I own a ton of MHS and I could be out in a few days tops.
Find a better excuse.

You still haven't proven your 61+ BTC withdrawal or any other of your never-failing extra-large withdrawals, and what you just said is a lie too.

There are many withdrawal problems reported by multiple users. It is quite hard to get out of this scam, which is the whole point of a failing ponzi.

[iambitcoin5]

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

[ajrah]

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

that's going to be hard since we can't come into an agreement if scrypt.cc is a scam or not
if both side will agree on 1 stand only, probably this thread will not extend up to 458 pages

[james.lent]

here's a proof of their scam , they cant even process such a small withdrawal : http://prntscr.com/8d43ci

too many shill accounts on this thread. Most of them definitely being scamtos. It's a confirmed scam and it has been proven ever since they converted those mhs.

[suchmoon]

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

that's going to be hard since we can't come into an agreement if scrypt.cc is a scam or not
if both side will agree on 1 stand only, probably this thread will not extend up to 458 pages

There isn't really any need for consensus. Whoever is capable of adding 2+2 just report known facts to the appropriate agencies in your country and don't forget Phoenix NAP too, which is likely hosting or at least routing traffic for the site.

Another important aspect is to stop depositing new funds, but there is not much that can be done about those with more money than sense. They'll probably keep funding it even if the website goes down.

There has been more than enough information available regarding all the issues surrounding scrypt.cc, from the non-existent mining to fucked up withdrawals so anyone still thinking that this might be somehow legit would not listen to any reasoning anyway. Best we can do is not let the shills to drown the facts and save a noob or two from accidentally stumbling into this shit.

[Phildo]

Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.

You don't need to brainstorm. Stop sending them money and it ends.

[Boxyapple]

this is probably the one of the longest on going scam I've ever known.

[dyask]

7. When KHS was converted to MHS, the overall availability went from 850 "GHS" to 6000 "GHS" with no explanation

7a. During this conversion rounding was used and many people lost KHS

I don't believe either of those points are true.   The amount of KHS owned and traded has been 500 GHS for some time.   The trading levels since the conversion are 1000 times less than they were before the conversion.   Also left over KHS was converted to BTC, it is just it isn't much BTC for less than 1 MHs.

[iambitcoin5]

this is probably the one of the longest on going scam I've ever known.

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true  

[dyask]

this is probably the one of the longest on going scam I've ever known.

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true  

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold.   That has nothing to do with scrypt.cc being a scam or not.   The prices are very low per MHS because the yield is very low.   It was set to 20% after the hack and never restored.    Prices just adjusted to the lower return.   It is a free market.   That is all. 

[Borgminer]

had 2 small withdraws go though .  2 pending

[LMGTFY]

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true  

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold.   That has nothing to do with scrypt.cc being a scam or not.   The prices are very low per MHS because the yield is very low.   It was set to 20% after the hack and never restored.    Prices just adjusted to the lower return.   It is a free market.   That is all. 

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

[cryptodevil]

How hard is it to just sell, withdraw and never look back?

Sure, because that's exactly what the master plan is, isn't it, Admin/Marcello/ThorSWO. Make auto-invest force a load of people to have to keep dumping back out to btc at the decreasing price, let a few withdrawals go out and cancel the rest with a load more forced auto-invest turned back on, rinse and repeat.

I see you have help in this particular phase:

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold.   That has nothing to do with scrypt.cc being a scam or not.   The prices are very low per MHS because the yield is very low.   It was set to 20% after the hack and never restored.    Prices just adjusted to the lower return.   It is a free market.   That is all. 

Uhuh, a 'Free Market' whereby you have manipulated the conditions of the website such that nobody wants to buy, particularly now the change from 'KHS' to 'MHS' allows for the price to slip downwards so much further, compounding the losses and reducing the value of everybody's holdings to the degree that when they do eventually get to cash out, it is only a fraction of that which they have paid in and the site gets to claim it was only 'market forces' to blame. So, you know, totallynotcriminalfraud.

Except it totallyiscriminalfraud.

[ziomar]

Haha, it's absolutely insane that this website is still being used....

Many people like me are just stuck inside... we are hostages

Oh cut the crap.
How hard is it to just sell, withdraw and never look back?
I own a ton of MHS and I could be out in a few days tops.
Find a better excuse.

I tried already 3 times and for 3 times my coins got back with auto invest on. So that's I'm saying we are hostages

[dyask]

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true  

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold.   That has nothing to do with scrypt.cc being a scam or not.   The prices are very low per MHS because the yield is very low.   It was set to 20% after the hack and never restored.    Prices just adjusted to the lower return.   It is a free market.   That is all. 

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

That is true for hashing power already held.  Likewise when the yield goes up the break even point can be hit sooner.   Generally the yield is down with mining.   However the price of the MHS is controlled by the market, not by scrypt.cc.     

[LMGTFY]

I know right. After all this time. Well you know what they say in crypto that if the roi is way shorter than the competition then its too good to be true  

The "roi" is set by what people are willing to pay for the MHS (was KHS) being sold.   That has nothing to do with scrypt.cc being a scam or not.   The prices are very low per MHS because the yield is very low.   It was set to 20% after the hack and never restored.    Prices just adjusted to the lower return.   It is a free market.   That is all.  

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

That is true for hashing power already held.  Likewise when the yield goes up the break even point can be hit sooner.   Generally the yield is down with mining.   However the price of the MHS is controlled by the market, not by scrypt.cc.    

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.