Scrypt.CC | Scrypt Cloud Mining

[Crestington]

Mods should just lock this thread.

Anyone putting money into a site in which the OP is a newbie account with 16 posts and -8 trust should probably have their head examined. What is the point of allowing this thread to continue despite all the ongoing problems?

Case and point

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

[1714661308]

1714661308

[1714661308]

1714661308

[Viper_Unleashed]

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.     

Are you talking about the market in trade page of scrypt.cc site or the general real market outside

[dyask]

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.     

Are you talking about the market in trade page of scrypt.cc site or the general real market outside

The market on trade page. 

[Soylent_Green]

However the price of the MHS is controlled by the market, not by scrypt.cc.    

The people control the price of the MHS, but try to reach a low ROI. And this is directly linked to the Rewards. Is the Reward down follows the MHS price. Increases the Reward, the price of the MHS increases. The only constant is the ROI. So you can certainly say that Scrypt.cc / Admin has direct, not to be underestimated influence on the MHS prices.

[dyask]

However the price of the MHS is controlled by the market, not by scrypt.cc.    

The people control the price of the MHS, but try to reach a low ROI. And this is directly linked to the Rewards. Is the Reward down follows the MHS price. Increases the Reward, the price of the MHS increases. The only constant is the ROI. So you can certainly say that Scrypt.cc / Admin has direct, not to be underestimated influence on the MHS prices.

The "ROI", days to breakeven isn't constant.  You can see it varies a lot.  www.sccstats.com

It seems there are a lot of people here talking about scrypt.cc without any direct experience.    Right now the major issue is withdraws are very slow.   There are several other pending issues:

* After the hack, the yield returned to the holders was 20% and it doesn't seem that it ever was returned to the 100% level.
* 37 MHs missing from many accounts, value ~ 0.03 BTC
* Site chat is down and the Admin hasn't been talking much

Scrypt.cc has been around a long time there have been a lot of problems come and go.  

[Soylent_Green]

The "ROI", days to breakeven isn't constant.  You can see it varies a lot.  www.sccstats.com

It seems there are a lot of people here talking about scrypt.cc without any direct experience.    Right now the major issue is withdraws are very slow.   There are several other pending issues:
 

The people always try to reach the 'old' ROI of 60 Days. Market _always_ adapts to achieve this.
At the moment it's 56 Days again.

And of course it varies. No wonder if admin keep droping the reward, crashing the server, changing
elementary things on the site and fucking around with the members.

And my direct experience, after near 12 Month is more than sufficient to judge.

"Scrypt.cc has been around a long time there have been a lot of problems come and go."
Underlines my point even more.

[Viper_Unleashed]

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.     

Are you talking about the market in trade page of scrypt.cc site or the general real market outside

The market on trade page. 

Well as a matter of fact.....those figures are nothing.....nor does anything depends on that.
Because in the past we have seen bots coming up and controlling the price.....

A nice observation clearly showed that more that 70% buy and sell orders are with same amount of khs and price....and also gets cancelled instantly....

So I will say 15 % may be controlled by the people but rest are bots.

[Crestington]

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.     

Are you talking about the market in trade page of scrypt.cc site or the general real market outside

The market on trade page. 

Well as a matter of fact.....those figures are nothing.....nor does anything depends on that.
Because in the past we have seen bots coming up and controlling the price.....

A nice observation clearly showed that more that 70% buy and sell orders are with same amount of khs and price....and also gets cancelled instantly....

So I will say 15 % may be controlled by the people but rest are bots.

Wouldn't have to be bots since the whole thing is centrally controlled, can manipulate the market from the inside and that is the danger.

[ThePhwner]

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.

It doesn't matter if you "believe it to be true" or not, both of these points are true. Rounding down meant a loss of KHS and there suddenly was close to 6000 GHS available in the order book following the conversion. Please provide factual evidence to the contrary as your beliefs are not mathematical proof.

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.  

The ROI is a constantly moving target. Every time there's some sort of "incident," the commodity is devalued and ROI for currently held shares drops. However, since the commodity is now cheaper, investors can, and are encouraged to, buy additional KHS/MHS/UnicornHS to "bring down" the overall ROI timeline. Notice any patterns here? Notice anyone actually ROI'in on their buy-in point of 1200 satoshi per KHS? Yeah. Me neither.

And to your other point, this isn't a free market. It's manipulated by the owners on one side, releasing new KHS/MHS as they choose and creating fictitious events to manipulate the price; it's manipulated on the other side by slightly tech savvy users who have figured out how to exploit a 3rd-rate website with 4th-rate code and a 10th-rate trading engine. If you think ScryptCC's orderbook constitutes a free market you need to go back to the Econ 101 texts.

[ThorSWO]

It doesn't matter if you "believe it to be true" or not, both of these points are true. Rounding down meant a loss of KHS and there suddenly was close to 6000 GHS available in the order book following the conversion. Please provide factual evidence to the contrary as your beliefs are not mathematical proof.

This is a straight up lie LOL.
This never happend.

[LMGTFY]

This is a straight up lie LOL.
This never happend.

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?!

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.

False.
I recieved 2 withdraws over 4 BTC.

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?

[D4RK5T4R]

It doesn't matter if you "believe it to be true" or not, both of these points are true. Rounding down meant a loss of KHS and there suddenly was close to 6000 GHS available in the order book following the conversion. Please provide factual evidence to the contrary as your beliefs are not mathematical proof.

This is a straight up lie LOL.
This never happend.

You are the straight up liar.
The rounding down DID happen to many users.
So please take your shilling and stuff it where the sun don't shine.

Don't bother posting any TX ids for proof of your claims either, we are not going to believe anything that you post, even if it is true.

#boycriedwolftoomanytimes

[suchmoon]

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.     

It's funny how you casually mention "mining" in this context even though it has nothing to do with scrypt.cc. You aren't trying to pass some kind of subliminal message implying that scrypt.cc is mining, are you?

By the way when LTC profitability jumped up recently what happened to scrypt.cc rewards? Right.

As for "market" - of course it's controlled by scrypt.cc because:

1) scrypt.cc controls the rewards - obviously.
2) scrypt.cc controls the supply by making their own MHS out of thin air and stealing customers' MHS (the 37000 issue not even acknowledged by the admin).
3) scrypt.cc controls the demand by meddling with withdrawals and auto-invest.

[suchmoon]

Mods should just lock this thread.

Not sure if that would help much. A new thread would almost certainly pop up.

[cryptodevil]

Scrypt.cc has been around a long time there have been a lot of problems come and go.  

The longevity of the site has zero relationship to the status of the operation. For the majority of it's life it was in a near-abandoned state, remember?

Or are you intentionally forgetting 'Marcello' had his near-death-experience-world-tour-buying-super-secret-secret-scrypt-asics performance earlier this year?

[Meepers]

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

I agree. I've made over 25 withdraw requests in the past month. Only one was honored. The rest were canceled. We ARE hostages.

[malickie]

Let's see here, is it at all possible to make anymore FUD than this Topic already has.  Please Soylent, ThePhwner, Cryptodevil, we need more FUD.  Come on, think of some more creative things to FUD about, better yet, go to StakeMiners and make more FUD there, I am sure everyone would find it quite enjoyable .  At any rate, if this is all this thread has to offer is a bunch of repeating statements and not a damn thing new.  Really no point in letting it continue on.  Mods really ought to just lock the thread and leave it at that, anyone who wants to know the information about scc, can already see the umpteen posts by everyone on both sides and could make their decisions based on what is already posted.

[btccashacc]

quote author=Meepers link=topic=444495.msg12344099#msg12344099 date=1441549736]

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

I agree. I've made over 25 withdraw requests in the past month. Only one was honored. The rest were canceled. We ARE hostages.
[/quote]

maybe scrypt cc only accept small withdraw  

[LMGTFY]

Let's see here, is it at all possible to make anymore FUD than this Topic already has.  Please Soylent, ThePhwner, Cryptodevil, we need more FUD.  Come on, think of some more creative things to FUD about, better yet, go to StakeMiners and make more FUD there, I am sure everyone would find it quite enjoyable .  At any rate, if this is all this thread has to offer is a bunch of repeating statements and not a damn thing new.  Really no point in letting it continue on.  Mods really ought to just lock the thread and leave it at that, anyone who wants to know the information about scc, can already see the umpteen posts by everyone on both sides and could make their decisions based on what is already posted.

Except that as soon as the thread is locked the shills will spring up somewhere else.

Incidentally, "FUD" is fear, uncertainty and doubt. I don't see Soylent, ThePhwner and Cryptodevil trading much in uncertainty and doubt - they all seem pretty good at evidencing their claims. Read back over the last few pages and see how good the pro-scrypt.cc folk like ThorSWO are at backing up their claims.

Fear? Now fear I can agree with. The more I see of scrypt.cc - the more I see of "cloud mining" in general - the more I see reasons to be wary. I'm really glad that - through luck more than good sense - I missed the boat with cloud mining.

[malickie]

Let's see here, is it at all possible to make anymore FUD than this Topic already has.  Please Soylent, ThePhwner, Cryptodevil, we need more FUD.  Come on, think of some more creative things to FUD about, better yet, go to StakeMiners and make more FUD there, I am sure everyone would find it quite enjoyable .  At any rate, if this is all this thread has to offer is a bunch of repeating statements and not a damn thing new.  Really no point in letting it continue on.  Mods really ought to just lock the thread and leave it at that, anyone who wants to know the information about scc, can already see the umpteen posts by everyone on both sides and could make their decisions based on what is already posted.

Except that as soon as the thread is locked the shills will spring up somewhere else.

Incidentally, "FUD" is fear, uncertainty and doubt. I don't see Soylent, ThePhwner and Cryptodevil trading much in uncertainty and doubt - they all seem pretty good at evidencing their claims. Read back over the last few pages and see how good the pro-scrypt.cc folk like ThorSWO are at backing up their claims.

Fear? Now fear I can agree with. The more I see of scrypt.cc - the more I see of "cloud mining" in general - the more I see reasons to be wary. I'm really glad that - through luck more than good sense - I missed the boat with cloud mining.

Yea, I knew what FUD stands for, I was mistaken on the UD Part but Def. got the F working for them.

Either way you are probably right, closing the thread would probably just have it pop up somewhere else.

Beyond that, it's all getting quite old, same repeat over and over again on both side, if you have nothing new to say, please for god's sake just quit it, Seems like Bitcointalk forum all the way around, at least for the past while is all the same people posting the same exact thing over and over and over, with absolutely no new and original thoughts.
I notice it on Altcoin Discussions, HYIP Discussions etc. Even in the hardware section.

Almost like Cryptocurrency in general somehow got stuck in a time loop and no one has anything original to say anymore.