Re: Scrypt.CC | Scrypt Cloud Mining

Where in hell is the money for withdrawals coming from?

Quote from: bastilar on September 13, 2015, 10:51:10 PM

scamtos took my money, again.

I strongly suspect the majority of these payments is fake. The go to addresses of the administrator.
Then perhaps through a mixer service and as a "deposit" back into Hotwallet.

Someone on IRC said that at the beginning of this project, the KHS were sold for a value of 1.
So theoretically the Admin has somewhere lying around several tens to hundreds of million dollars.

I think it is not so much, but he definitely has enough reserves to pretend activity.

When the KHS were sold for that much there were far fewer KHS. By the time there were millions that price was very low.

A better measure of the possible wealth is the new and old hot wallets that had something like 44657 BTC pass through them.

https://blockchain.info/address/19mcjofGwKxGwhaZwDwPjdWd1KrFCZgoJJ (6000 BTC & growing)
https://blockchain.info/address/1HWqsgnSd12Gv8SpoUMi1Cj8hp79BTSpW7 (38657 BTC)

The second one goes back to the beginning of scrypt.cc. So if you are going to estimate possible gains assuming a pure Ponzi, that is the data to use.

That is not good data to use because you don't know how much of that 6k or 38k are the same coins being moved around in circles to trick people into thinking that something is happening.

It seems unlikely scrypt.cc would move deposit money around to just inflate the appearance of deposits. While I'm sure they could do it, why would they?

Deposits used to move into 1HWqsgnSd12Gv8SpoUMi1Cj8hp79BTSpW7 now they move into 19mcjofGwKxGwhaZwDwPjdWd1KrFCZgoJJ. Those are the so called hotwallets. This has been confirmed many times by different people. If you make a deposit right now it will be moved from your deposit address to 19mcjofGwKxGwhaZwDwPjdWd1KrFCZgoJJ. It is very likely that these two addresses show all the money that has been deposited into scrypt.cc.

The hard part is sizing the withdraws. Prior to the hack many different addresses funded withdraws. Now there only appears to be 1Bidh2XFr9JzfXppeZd2cPKpbnJGvqCY4h. However no idea how long that will last. So we really don't know how much of the 44657+ BTC has been withdrawn.

This data is much better than holding up a thumb and saying I heard KHS used to cost 1 euro so that means "he" has pulled in millions.

They would do it to convince people to give him more money. GAW did it to convince some idiot bloggers at wsj that they were legitimate, this site does it to convince you. How many of those coins in the "withdrawal" wallet come straight from market where they are selling these "mined" altcoins? how many are just straight from the deposit wallet? How many of the withdrawals just go back to an address controlled by him?

The entire point of crypto is for EVERYTHING to be publicly transparent on a network of computers in a way that is almost impossible to fuck with. EVERYTHING that anyone does CAN be proved on the blockchain. ANYTHING being hidden/questionable is a red flag so much that I treat it as proof of a scam.