[ANN] Baltic scrypt mining cloud

[balticscrypt]

We are starting new project Baltic scrypt mining cloud

www.scrypt-baltic.eu  It's just a beginning of our long journey. In our plans Hash power contracts is only one of many services.
Now we are offering contracts with minimum payout. Its just for limited time only!!!
In the future plans will be changed according to situation in market.
 
Our main goal is to build a strong community and happy costumers.
 
In long term we are planing to open stores, eBay like auction, 3D printing service and etc. Only currency's in our site will be crypto currency's (no USD or etc.).
 
But for now we are starting with mining cloud.
Our site is in very active development stage. But we need yours ideas of ​​what it should be like, because costumers is No.1 for as.
 
For now all payouts and wallet deposits are confirmed manually by admins because of security. Payouts are made every Sunday for weekly plans and first Saturday of month for monthly plans.
 
Bronze plan is only if you don't trust us and wont to try us out. But it wont give any real benefit. After some time it will be deleted for all time.
 
If you have any suggestions or questions feel free to ask here, by e-mail or telephone, witch you can find in our web.
 
P.S. sorry for errors if you find any. My native language is Lithuanian and my English teacher was not the best

[balticscrypt]

So no suggestions? NO opinion?

[Calhil]

Is this a registered company or are you running it from your moms basement?
What guarantee do I have that wont just take my btc and close the site down?
How are you going to guarantee 'minimum payout' if the difficulty increases substantially? Are you going to run some kind of pyramid/ponzi scheme?

[balticscrypt]

guaranteed minimum payouts is only for limited contracts number. Its my work to guaranty it be reinvesting my profit. For you its like buying shares of all cloud. To run away  with yours BTC would be the dumbest decision. Hosting and ssl certificates my real name and address. Exchange has my ID confirmed.  I'd be in prison or in hospital. And my mom does not have basement We are working on getting all necessary documents for opening company.

But is always only your decision to trust anyone.

[Mike18feb]

But running away with the BTC is the latest hype. Almost everyone does it!

BUt without joke, GPU mining eats electrcity like mad. So, what can you say about the rigs you have, the number of them? Where are they located? How do you deal with the power bill, and so on.

You payout in bitcoin but mine scrypt. Do you have your own pool? Or do you use other pools? Do you have your own script which coins to mine or are you limited to certains coins or maybe even one coin?

Question, question...

[balticscrypt]

Question are very welcome.

I mine scrypt, x11 and etc. I'm not limited to one coin. I think that is too risky  to be limited to few coins in crypto currency's.  I have 4 rigs for now working in scrypt and x11 for testing purposes.
I don't use any scripts. everything is done by hand and my head. analyze analyze and analyze all day markets, coins and so on.

as I think that everyone be easier to get payments BTC. but if there is a need for altcoins its not a problem. And for electricity my testing rigs are paying

[Mike18feb]

Ah, I have no doubt your head is great at analyzing, but it needs to rest at night. If a coin drops dead, you won't notice, or are there other people awake when you are not? One man operation? And can I assume that your datacenter is at home or something, and not an actual datacenter?

As for the minimum payouts, how on earth are you going to finance that for all 400 contracts (200 bronze, 100silver and 100 gold)? Also, you have 4 rigs, which means you have very limited hashrate now, and certainly not enough for all contracts. And certainly you won't be able to provide for all contracts in your home (though that is my pre-assumption)

I don't mind you setting up this service. In fact, go for it. But it's hard to convince people of the quality of your services these days. If you know Bitcointalk forum, then you know it's full of raving idiots that like to yell and scream at everything that smells less then perfect, so be aware of that. Gaining trust is going to be very hard. Do not think I'm one of those raving idiots, because I'm not (though not the smartest at times, I'll admit...) I honestly hope something good will grow out of your startup. Just be careful. With people, opportunities, and with promises you make.

[Calhil]

guaranteed minimum payouts is only for limited contracts number. Its my work to guaranty it be reinvesting my profit. For you its like buying shares of all cloud. To run away  with yours BTC would be the dumbest decision. Hosting and ssl certificates my real name and address. Exchange has my ID confirmed.  I'd be in prison or in hospital. And my mom does not have basement We are working on getting all necessary documents for opening company.

But is always only your decision to trust anyone.

Is there any legal guarantee or do I have to rely on your word to get those minimum payouts?

I hope you wont scam people and succeed but with the assumptions you made I just dont see it happening. Theres very little chance that 1.5Mh/s will ever earn 6.17BTC, especially with scrypt asics coming soon.

[balticscrypt]

About minimum payouts you can find in our FAQ:

Other companies is selling just computing power. But in cryptocurrency mining difficulty rises constantly. So, from the same hashrate your payout decreases almost weekly and you forced to reinvest your money in order to maintain your payout. But our company reinvest for you and your hashrate rises constantly. In this way we can guaranty you minimum monthly payout.

As for the minimum payouts, how on earth are you going to finance that for all 400 contracts (200 bronze, 100silver and 100 gold)? Also, you have 4 rigs, which means you have very limited hashrate now, and certainly not enough for all contracts. And certainly you won't be able to provide for all contracts in your home (though that is my pre-assumption)

For now I can make up to 5 rigs a day. All parts takes me max 24 h. to get. So after new contract max next day new rig will by up and running. And I have plenty of space for rigs.

Ah, I have no doubt your head is great at analyzing, but it needs to rest at night. If a coin drops dead, you won't notice, or are there other people awake when you are not? One man operation? And can I assume that your datacenter is at home or something, and not an actual datacenter?

It's not one man operation. For now it's 3 people working. For now all rigs are at home. But we are testing some places for stability of electricity and internet. We wont to have everything near us. And we never mine only one coin at a time. So if something goes wrong with one coin we have other coins. So we try to minimize risk.

I don't mind you setting up this service. In fact, go for it. But it's hard to convince people of the quality of your services these days. If you know Bitcointalk forum, then you know it's full of raving idiots that like to yell and scream at everything that smells less then perfect, so be aware of that. Gaining trust is going to be very hard. Do not think I'm one of those raving idiots, because I'm not (though not the smartest at times, I'll admit...) I honestly hope something good will grow out of your startup. Just be careful. With people, opportunities, and with promises you make.

I admit that our service is far from perfect for now. But for us is our goal to make it perfect. And to make it perfect we hope support from community. Because for us client is in the first place. Its our motto.

[balticscrypt]

plans updated !!!