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Author Topic: Scrypt.CC | Scrypt Cloud Mining  (Read 749960 times)
RentaMouse
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April 23, 2014, 12:27:14 AM
 #361

The 20btc sell wall has been nibbled down to 3btc now (altho 2btc has appeared in front of it), for anyone wondering after my previous comment.

Having poked around the site some more and hung around in the chat box, I'd say its worth a cautious investment if anyone cared about my opinion, esp. with the current price. Of course I'd like you to use my referral link, but other ppl in this thread are probably more deserving than me with my 2 post's worth Smiley

I was also interested to note that they said they had been changing some of their rigs over to Scrypt-N/Jane mining, so they're not all Scrypt ASIC based, which could turn out to be helpful if these next-gen ASICs start flooding the network at the end of summer.

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cloudminingreport
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April 23, 2014, 09:26:54 AM
 #362

Scrypt.CC is featured on our cryptocurrency cloud mining review site at: http://cloudminingreport.com !

Here is our full Scrypt.cc review

Any feedback is welcome and you can also add your own review at the bottom of the page Wink
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April 23, 2014, 09:46:49 AM
 #363

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Company Background: Scrypt.cc is a side project of a well established Brazil based company called MKT Tecnologia da Informacao.

What is the source of this info?
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April 23, 2014, 09:51:31 AM
 #364

Scrypt.CC is featured on our cryptocurrency cloud mining review site at: http://cloudminingreport.com !

Here is our full Scrypt.cc review

Any feedback is welcome and you can also add your own review at the bottom of the page Wink

Taken from your review.

"Scrypt coins, especially Litecoin, were originally developed so that anyone with a computer and programming skills could mine them, unlike Bitcoin mining, which now can only be done with highly specialized and powerful Bitcoin mining hardware. However recently application specific integrated circuits (ASICs) have been developed for scrypt mining, which means that within a few months scrypt mining is likely to have its own version of the exponential rise in Bitcoin mining difficulty. This is likely to reduce scrypt mining rewards in the near future, especially once scrypt mining hardware becomes available to the general public."

Scrypt ASICs are already out (Gridseed) and many coins are moving away from pure scrypt. (scrypt-N & scrypt-Jane for example)  The ASICs can't follow and have to be redesigned before they can impact those coins.   It is beginning to look like maybe only Litecoin and Doge will stick with scrypt, although there will probably be some short term coins like BC, WC and AC that also use scrypt.   While you are right that scrypt ASICs will push the difficultly up for the coins that can be mined with it, it is unlikely to make a big dent in altcoin mining.  

A few months ago, people were saying there wouldn't be in profit in a few months and it is always a few months.   GPUs are flexible, ASICs aren't.   The only coins that will be impacted are the ones that choose to be impacted.    I don't think it should be considered a major factor.
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April 23, 2014, 12:31:49 PM
Last edit: April 23, 2014, 12:43:15 PM by cloudminingreport
 #365

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Company Background: Scrypt.cc is a side project of a well established Brazil based company called MKT Tecnologia da Informacao.

What is the source of this info?

This info was discovered by our in house researcher - if it is incorrect or needs revising we are more than happy to take on board any feedback.

EDIT: I believe the info is from the main Scrypt.cc forum
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April 23, 2014, 12:37:54 PM
 #366

Scrypt.CC is featured on our cryptocurrency cloud mining review site at: http://cloudminingreport.com !

Here is our full Scrypt.cc review

Any feedback is welcome and you can also add your own review at the bottom of the page Wink

Taken from your review.

"Scrypt coins, especially Litecoin, were originally developed so that anyone with a computer and programming skills could mine them, unlike Bitcoin mining, which now can only be done with highly specialized and powerful Bitcoin mining hardware. However recently application specific integrated circuits (ASICs) have been developed for scrypt mining, which means that within a few months scrypt mining is likely to have its own version of the exponential rise in Bitcoin mining difficulty. This is likely to reduce scrypt mining rewards in the near future, especially once scrypt mining hardware becomes available to the general public."

Scrypt ASICs are already out (Gridseed) and many coins are moving away from pure scrypt. (scrypt-N & scrypt-Jane for example)  The ASICs can't follow and have to be redesigned before they can impact those coins.   It is beginning to look like maybe only Litecoin and Doge will stick with scrypt, although there will probably be some short term coins like BC, WC and AC that also use scrypt.   While you are right that scrypt ASICs will push the difficultly up for the coins that can be mined with it, it is unlikely to make a big dent in altcoin mining.  

A few months ago, people were saying there wouldn't be in profit in a few months and it is always a few months.   GPUs are flexible, ASICs aren't.   The only coins that will be impacted are the ones that choose to be impacted.    I don't think it should be considered a major factor.

Thanks for your feedback! Funnily enough we just decided to edit this info out of the review as you are right many coins are switching to ASIC resistant algos.
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April 24, 2014, 06:42:39 AM
 #367

This morning CET time, seems that the site have some issues, trading platform not working !!!  Sad

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April 24, 2014, 07:41:15 AM
 #368

Yes, I'm seeing the same. Just bought some KHs and the BTC has been taken out of my account but the new KHs is not showing up in my total.
dyask
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April 24, 2014, 07:45:27 AM
 #369

This morning CET time, seems that the site have some issues, trading platform not working !!!  Sad

It is 4:43am in Brazil ... Probably a server needs to be reset. 
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April 24, 2014, 07:46:41 AM
 #370

Yes, I'm seeing the same. Just bought some KHs and the BTC has been taken out of my account but the new KHs is not showing up in my total.

The trading system is frozen.   You can go to the "Open Orders" and cancel your order then you will get your BTC back.
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April 24, 2014, 07:58:31 AM
 #371

Yes, I'm seeing the same. Just bought some KHs and the BTC has been taken out of my account but the new KHs is not showing up in my total.

The trading system is frozen.   You can go to the "Open Orders" and cancel your order then you will get your BTC back.


Thanks for that!
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April 24, 2014, 12:47:40 PM
 #372

site is offline ?

TheSmurfsCoin : Twg352pqJhXd2s8ktuRLFP5jkh9BraaWBP
Mike18feb
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April 24, 2014, 12:51:40 PM
 #373

Yup...

Started with trade issues, then got slower and slower, and then poof Sad

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April 24, 2014, 12:58:19 PM
 #374

Here the site is up, trading not working (last trade in the night), but i can log-in and see my balances, and also fractions of btc growing... but in the mornig (CET time) some cloudflare pages back and forth...

Hope they will fix the trading issues ASAP !

I wan't to buy more Khs...

dyask
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April 24, 2014, 08:04:23 PM
 #375

Here the site is up, trading not working (last trade in the night), but i can log-in and see my balances, and also fractions of btc growing... but in the mornig (CET time) some cloudflare pages back and forth...

Hope they will fix the trading issues ASAP !

I wan't to buy more Khs...

It is all working now.
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April 24, 2014, 08:44:11 PM
 #376

Test their withdrawal and I got mine in seconds really great cloud mining site to invest two thumbs up BTCBTC

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April 25, 2014, 06:54:53 PM
 #377

Test their withdrawal and I got mine in seconds really great cloud mining site to invest two thumbs up BTCBTC


It should be fast considering how much they charge for withdraw fee .001 btc. Considering the default bitecoinqt fee is like .00005 btc.. giving that btc would be $500 a coin you basically paying .50 cent for each withdraw.

FYI that's more then US Post office stamp.

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April 25, 2014, 07:10:21 PM
 #378

Test their withdrawal and I got mine in seconds really great cloud mining site to invest two thumbs up BTCBTC


It should be fast considering how much they charge for withdraw fee .001 btc. Considering the default bitecoinqt fee is like .00005 btc.. giving that btc would be $500 a coin you basically paying .50 cent for each withdraw.

FYI that's more then US Post office stamp.

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0.00005 is too low fee (usually), but you are right about that 0.001 is too high.

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RentaMouse
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April 26, 2014, 01:23:44 AM
 #379

Apparently the trading issues have been fixed by imposing a min. purchase of 1KHs - might cause problems for ppl running auto-reinvest scripts but they should be able to cope with that Smiley

The interface still looks a bit flakey but the Admin appears in chat occasionally and provides updates when there are issues; keeps saying that their priorities are Security, Profitability, Usability - in that order, which I can't disagree with.

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 26, 2014, 09:59:57 AM
 #380

yes they have 'integered' the khs

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