Scrypt.CC | Scrypt Cloud Mining

[Triffin]

NO
NO

My post on July2nd

=====

I've been with ScryptCC since it started ..
Never put too many BTC there because of the lack of transparency ..

Several reasons ..

1) Absent/spotty customer service
2) No disclosure as to who the principals are
3) No disclosure as to where they are other than somewhere in Brazil
4) Unwilling to post a photo of any 'data center' or mining hardware
5) Unwilling to disclose what coins ( if any ) are being mined

For all we know it could just be a giant ponzi ..
We 'invest' BTC in exchange for KH/s and 'earn' BTC dust paid out every 10 minutes ..
The 'value' of mining and by extention the 'hardware' and KH/s decline over time ..
Are we mining ??
Or is it just a fancy algo ??
Who knows for certain ??

You pay your BTC you take your chances ..

=====

Triff ..  

[1713978738]

1713978738

[Mike18feb]

The big question remains, however. Is there any tangible proof whatsoever that they have the mining hardware? A single shot of their rig?

I've been with them since February and have seen all discussions and arguments. I have gotten my proof through their actions and support along those months. If it's still a scam then at least it's a brilliant one that deserves payment

[dmz241]

Well I just got my lost khash back look at the price drop hopefully they fixed the bugs that was causing this.

[Mike18feb]

That took rather long. On the bright side, they delivered, which is something they've always done.

And yes, there's much for sale at these prices now. I haven't had any more issues, but I haven't bought much or sold much. A few hundred Khs all together, I think. Think I was somewhere on 450 and now on 700, without deposits.

[gon88]

I recommend to invest in scrypt.cc, stay for 3 to 4 days and get out reaping your profits. If you stay longer you are in high risk of losing your investment since the price of KHs and mining profits go down every week.

[Jayjay04]

The profit drop is probably coming from all the ASICS that are getting out...
Just look at the difficulty curve for litecoin !

[gon88]

The profit drop is probably coming from all the ASICS that are getting out...
Just look at the difficulty curve for litecoin !

I wonder how peopple can profit mining with ASICS, unless they live in a country with very cheap electricity.

[Mike18feb]

Asic miners will be the new GPU miners. For a while at least

[dmz241]

well I dont think my girdseeds will ever payback with current diff. I think its better to go down the cloud path.

[milanorico]

https://scrypt.cc/images/logo2.png
Scrypt.CC | Scrypt Cloud Mining

Scrypt.CC is a commodity exchange website which allows trading of alt coin mining facilities, KHS Trading.

Scrypt.CC gives it’s users the following benefits:
No trade fees.
All KHS start mining immediatly after purchase.
All KHS still mine even if they are in a sell order.
Prices based on supply and demand.
No setup required.
Payouts in BTC every 10 minutes.
Helpful and friendly support staff.

Great for investors/miners:
No setup required.
No cooling or space-related problems.
No electricity bills at the end of the month.
We always mine the most profitable coins so you get the most out of every KHS.
At the moment of this post ROI is in 6 months! 17% / Month
Sell your KHS at any time.

Great for traders:
No trade fees.
Reliable and fast trading platform.
Earn mining rewards even if KHS are in a sell order.

Upcomming features:
Tutorial on how to use our API.
Site in multiple languages.
Mine a specific coin.
Make public our 0% fee pool for all scrypt coins, including a auto profit switch function.

Scrypt.CC provides a great referral program, earn 5% of all mining rewards your referred users earn!

All KHashes are safely stored and maintained in 2 secured data-centres.

We hope you'll enjoy this new service. Should you have any questions or suggestions, we'd be most happy to receive them through our forums, support@scrypt.cc or our live support chat!

He forgot.

No Payments on withdrawal
NO Support in any way
No Reply or solving tickets on above issues

[dmz241]

yep the support is slow plus bugs are there. Plus no pictures of data center. But hey they are still around...

[aarqa]

Some people on here don’t seem to understand the math that’s going on, so I’m going to make it very simple.
It’s April 11, 2014.  You invest in 1000 kh/s, costing you 1.55 btc. 
4/11   .0064 btc   4/12   .0070 btc   4/13   .0063 btc   4/14   .0055 btc
4/15   .0067 btc   4/16   .0073 btc   4/17   .0075 btc   4/18   .0074 btc
4/19   .0071 btc   4/20   .0075 btc   4/21   .0071 btc   4/22   .0108 btc
4/23   .0073 btc   4/24   .0074 btc   4/25   .0071 btc   4/26   .0057 btc
4/27   .0063 btc   4/28   .0057 btc   4/29   .0064 btc   4/30   .0055 btc
5/1   .0048 btc   5/2   .0042 btc   5/3   .0041 btc   5/4   .0041 btc
5/5   .0043 btc   5/6   .0049 btc   5/7   .0049 btc   5/8   .0047 btc
5/9   .0041 btc   5/10   .0042 btc   5/11   .0041 btc   5/12   .0041 btc
5/13   .0043 btc   5/14   .0041 btc   5/15   .0040 btc   5/16   .0037 btc
5/17   .0037 btc   5/18   .0037 btc   5/19   .0037 btc   5/20   .0037 btc
5/21   .0040 btc   5/22   .0040 btc   5/23   .0038 btc   5/24   .0037 btc
5/25   .0036 btc   5/26   .0039 btc   5/27   .0037 btc   5/28   .0033 btc
5/29   .0032 btc   5/30   .0031 btc   5/31   .0029 btc   6/1   .0028 btc
6/2   .0025 btc   6/3   .0023 btc   6/4   .0022 btc   6/5   .0022 btc
6/6   .0021 btc   6/7   .0020 btc   6/8   .0020 btc   6/9   .0019 btc
6/10   .0020 btc   6/11   .0019 btc   6/12   .0019 btc   6/13   .0020 btc
6/14   .0020 btc   6/15   .0021 btc   6/16   .0020 btc   6/17   .0021 btc
6/18   .0020 btc   6/19   .0020 btc   6/20   .0020 btc   6/21   .0020 btc
6/22   .0018 btc   6/23   .0021 btc   6/24   .0019 btc   6/25   .0021 btc
6/26   .0021 btc   6/27   .0021 btc   6/28   .0022 btc   6/29   .0021 btc
6/30   .0020 btc   7/1   .0019 btc   7/2   .0019 btc   7/3   .0018 btc
7/4   .0017 btc   7/5   .0011 btc   7/6   .0013 btc   7/7   .0011 btc
7/8   .0009 btc   7/9   .0009 btc   7/10   .0008 btc   7/11   .0008 btc
7/12   .0010 btc   7/13   .0009 btc   7/14   .0008 btc

Now it’s July 14, 2014.  Your original investment of 1000 kh/s is now worth 0.28 btc.  The rewards you have received are 0.34 btc.  You have paid 1.55 btc and after 3 months your investment is worth 0.62 btc.  You have lost 0.93 btc.

IF..and it’s a big ‘if’…IF the rewards stay at 0.0010 and the price stays at 0.00028 khs/btc, it’s going to take you 930 days to break even.  If the price and rewards continue to drop at the rate they’ve been dropping, you cannot make your original investment back. 
If both the price and the reward somehow reverses the trend and doubles from what it is today, your 1000 kh/s are worth 0.68 btc, putting you at a loss of 0.65 btc.  With rewards of .002 btc/day, that’s still 325 days to break even.

The rewards keep dropping.  Consistently.  The price keeps dropping.  Consistently.  There is nothing to indicate that the price or rewards will reverse their trend.

[dyask]

The rewards keep dropping.  Consistently.  The price keeps dropping.  Consistently.  There is nothing to indicate that the price or rewards will reverse their trend.

Overall the trend is down, but the it is very up and down along the way.  Right now it is very low for both awards and prices.  Now that the World Cup is over we'll probably see some improvements in mining awards.

[dmz241]

The rewards keep dropping.  Consistently.  The price keeps dropping.  Consistently.  There is nothing to indicate that the price or rewards will reverse their trend.

Overall the trend is down, but the it is very up and down along the way.  Right now it is very low for both awards and prices.  Now that the World Cup is over we'll probably see some improvements in mining awards.

I have seen them drop from 58 to 200 then back up 400 then back down to 200 thats the whole point of trade. Yes I didnt invest much and with little trade I was able to cover my losses so if I sell today I will be at even. I have been on the site for like 2 months at the most.

[Mike18feb]

Some people also don't understand Scrypt.CC. They invest one sum, sit back and wait for things to pile up. If that's your approach then stay away from Scrypt.CC. As the mining rewards drop, the market aspect becomes more important. You don't need to be trading all the time, but you should know when to buy and when to sell. If not then chances are reality catches up on you.

[coinits]

Until they become transparent then they can never be trusted.

Where are the charts?

Where is the new site?

Where are the photos of their data centers??

Where is the ability to add our rigs to their their service?

All promised months ago and never delivered.

All signs point to this being nothing but a Pozi scheme.

[dmz241]

Until they become transparent then they can never be trusted.

Where are the charts?

Where is the new site?

Where are the photos of their data centers??

Where is the ability to add our rigs to their their service?

All promised months ago and never delivered.

All signs point to this being nothing but a Pozi scheme.

Try out crypto coin trade in my signature they are very open about it. I contacted them and they agreed to send me pics of their setup. But they are very small. They accept paypal as payment and update you on twitter also. So they can be traced too. While they are beta and very new they even offer you 5khash for 10 days free of scrypt mining and after the 10 days if you dont like it you can simply pull out the coins you earned.

[Mike18feb]

Same questions over and over. But they're not going to be answered. I think the Scrypt.CC people are really doing well for themselves (and those that trust them) and don't feel the need to step up to the next level, which would consume so much more time and effort for them. By keeping this "beta" they can follow their own path without too much responsibilities. If you can live with that, join the party. If not, well, there's plenty of others who are more transparent. It's good to have a choice

[TimS]

I requested a withdrawal about 48 hours ago, and opened a support ticket on it. No response. And I'm not the only one, here's two more on their own forum: https://scrypt.cc/forum/viewtopic.php?f=3&t=7031
DO NOT USE THIS SITE, they will NOT give you your money back!
Edit: finally came through, 2.5 days later...

[edmundduke]

Im also waiting for my withdrawal has been 3 days. Worst support ever.
DO NOT USE THIS SITE!