Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
deephouse650
on 28/07/2015, 13:46:27 UTC
I had a thought about all these accusations of scrypt.cc being a ponzi - which for the record I do NOT believe it is.

So, lets rewind say 3 or 4 months ago, back when rewards were high and before the electricity thing.

The top 20 in rank, had anywhere between 5,000,000 and 30,000,000 khashes.  Lets just take an average of 10million for the Top 20 to make it easy.

Ballpark reward for 10,000,000 was around USD$500 per day or 2BTC per day approx.

Now, I'm quite confident that these Top 20 were NOT re-investing this as I did actually keep screenshots for a few days and watched it over the course of a couple of weeks.  I noticed their holdings increase slightly but not drastically.

This means that each of the Top 20 were pulling out an average of say 1.5BTC per day.  That's 30BTC per day.

So, all you ponzi screaming lunatics are telling me that there was daily fresh deposits of 30BTC per day to cover just the Top 20 withdraws?  Let alone the 10's or 100's of BTC withdrawn daily by the thousands of other investors?

So, how was scrypt.cc funding all these daily deposits, if they're not mining like all you ponzi freaks are claiming?

My theory is that they are actually mining, maybe the 850ghash was inflated so they could sell more khashes, who the hell knows but they gotta be earning BTC in some way otherwise they'd have shut up shop a year ago.

Anyway, if someone can be bothered to lookup all the blockchain transactions to see daily deposits vs daily withdraws i'd be interested to see.  Correct me if i'm wrong, but a ponzi is not sustainable if daily withdraws exceed daily deposits.


I had monitored the Top 20 a while back too.  But only a few had actually changed their handle to "reveal" themselves (TheDice, UglyOldGoat, etc).  While it would seem those are legit accounts, I could only assume that the others marked as "anonymous" could potentially be fake accounts, and the fact that their KHS never changed (aka were not reinvesting) that the possibility of them being dummy accounts could not be ruled out.  That said, there was no reason to believe that these anonymous accounts were making daily withdrawals as you mentioned above. 

I'm just saying...Top 20 hashers could have been mostly fake. You can't rule that out.