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Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
by
byt411
on 03/06/2015, 19:47:39 UTC
Stumbled upon this site, scrypt.cc

the question is, is it legit? and if it is legit, is it worthy?

It's a ponzi, a scam and a virus. They will steal everything you send them. Well, maybe not everything, but the bigger part. I would think they are in the final stages of collapsing. Definitely not worth the risk now. Even if somebody had roi, you are very late to the ponzi.

Uh, what the hell are you talking about?
Do you even know what a virus is...?
Please do not make any baseless statements based on your own limited knowledge, just to earn more for your signature campaign. scrypt.cc is one of the oldest cloud mining sites....

I don't think I should answer to an ignorant shill like you (unless you're trolling that you think it's legit), but yeah, of course I know what a virus is. I was just making a joke referencing to a well known Staff member -ck comment about eobot cloudming where he told smth like that Wink
Please do not make any baseless statements based on your own limited understanding on the comments of other members Wink
And stop shilling for scrypt.cc, because it is almost a definition how a ponzi and a scam looks like. It will soon collapse, nobody invest there unless you want to lose money!

I really am amazed. Where have I stated that scrypt.cc is not a ponzi or a scam? If you bothered to read my statement properly, you would realize that all I stated is that it is one of the oldest cloud mining sites.
You cannot say that something is a scam unless its proven. All you can say is that it is likely to be a scam.
The one who is making a baseless statement is you. Accusing me of shilling is a very severe accusation, and I'd suggest that you should keep your mouth shut unless you know what you are talking about.
If what you said was "It's very likely to be a ponzi", then I would have not answered you in any way, shape or form. However, making things up so that people stay away from something when you aren't sure of the facts is ridiculous.

it is one of the oldest cloud mining sites. - It is very wrong statement, friend! This statement is equal to saying "this is not a ponzi".

No, it does not. Read the OP.

Take PBmining,  they have been around since the beginning of 2014 and havent failed to pay so far. Does that prove its not a ponzi? Hardly. Based on their own stats, in the past month they sold ~1.5  PH worth of contracts. Good for around ~2200 BTC. During that same month they paid around 1600 BTC in dividends. A net profit of  ~600 BTC or nearly a 1/4 of a million dollar. Just for running a website. So the fact they are still paying out doesnt prove they are legit, its actually far more likely they are still paying out because it maximizes their profits ( update: pbmning meanwhile collapsed: https://bitcointalk.org/index.php?topic=887871  qed.).

Of course that cant last. At some point the new sales will slow while the owed dividends keep going up. Once the latter becomes bigger than the former, guess what the anonymous operator will do? The same thing lunamine, coinsoncloud, pirate, bitcoin-trader and countless other (mining) ponzi's before did.
It is not an incorrect statment. It has been around for more than a year, and it is one of the oldest cloud mining sites.

What you are saying is that it is one of the oldest cloud mining sites which definitely is not what it is. Hope you understand what I am telling.

By definition, a cloud mining website is a website which claims that it provides cloud mining.
Again, please read the OP.
The majority of cloudmining websites dont do any mining whatsoever.


What you are saying is that it is one of the oldest cloud mining sites which definitely is not what it is. Hope you understand what I am telling.

scrypt.cc is a scam i tried there service once and had more than 0.3 btc there and i bought there mining power next day what i see all my mining power is sold and btc is withdrawn, when i contacted then they said your account is hacked. This is not possible they have separate password for selling/buying mining power and for transactions too. I know they lied and it was them only.

I'd strongly suggest that you should open a thread in service discussion or scam accusations if that is the case.