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Showing 19 of 19 results by rhok666
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Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 18/09/2015, 15:19:19 UTC

Best case: Fractional mining ... which is pretty bad.  (Only really applies pre-hack)

Let me explain something to you, dyask, because you appear to be conflating the notion of 'fractional mining' with 'fractional banking'.

'Fractional Banking' is when the collective total of a Bank's customer deposits exceed the total cash balance the bank possesses. It essentially means that should there be a 'run' on the Bank, a lot of customers would not be able to withdraw all their funds. While this is serious it is nothing like the concept of 'fractional mining' other than the word 'Fractional' because the customers are not 'investing' their funds (generally speaking) if they are simply holding their money at the bank for security/convenience.

'Fractional Mining' is when an organisation has sold more mining hashrate than it actually is in possession of and utilises manipulative and deceptive practices in order to perpetuate the fraud and keep it running so that more people can be persuaded to 'invest', believing it to be an actual investment product, high-risk or otherwise.

This does not make it simply, 'pretty bad', it makes it an absolute criminal enterprise and the operators of this enterprise are guilty of fraudulent misrepresentation, meaning that every single satoshi of 'profit' they make, all those thousands of bitcoin they have sent to their own wallets over the months, are effectively stolen funds.

Every single 'investor' who bought these fictitious, 'KHS'/'MHS' is entitled to receive their money back in full. That is tens of thousands of bitcoin.

So, no, this is not some 'paltry' couple of hundred bitcoin issue, it is a major fraud.

I am not equating fractional banking with fractional mining.   Fractional mining isn't a defense and I'm not defending it as being okay.   You on the other hand are going on wild tangents over word choices you disagree with.   

You are so ignorant.

The claim of 500+350GH/s scrypt is a proven LIE, so everything else is probably too!

If he could get hardware that is able to produce a profit at this conditions he would not stop to buy more hardware, cash is enough there.
The conditions are not very different than at the beginning year 2015 and everything was fine there with the payouts. So what changed?Huh The ponzi is just COLLAPSING as it was supposed to!

So whats the conclusion of that argumentation? He doesn't have any hardware. No fractional mining, no mining at all. He doesn't have access to mining hardware that can generate more money than it costs to run, otherwise he would just buy buy buy.

Stop that stupid biased argumentation and prove our claims to be false with reasonably counterarguments.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 13/09/2015, 10:04:56 UTC
PSA: scrypt.cc is a scam, most likely of the "ponzi" variety. You will lose your money if you try to "invest" or "play" or whatever you want to call your participation in this shitshow. You've been warned.

More info here: https://bitcointalk.org/index.php?topic=1102560.0

i dont think it is helping anymore ...they wont stop investing as the faster ROI is quite impressing.

Well the two main attractions of scrypt.cc are now gone and lots are complaining about it.
 * Being paid every 10 minutes like clock work. 
 * Fast withdraws

For the past few days, 2 - ten minute ticks are not being paid per hour and all know the even the greatly slowed down withdraws are not working.    Those greatly reduce any ROI.   If scrypt.cc doesn't fix them the money will slow down.   33% reward reduction and nothing to do with the awards kind of kills the incentive.



Will you finally admit that scrypt.cc is a ponzi if you don't get any payouts for lets say 2 month?

You had the chance to play the ponzi after it was proved to be one (datacenter move).
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 08/09/2015, 13:26:37 UTC
Just to clarify, there are now people, yorll in particular, taking the position that if we're not currently invested in the scam, we don't "have the right" to discuss and/or point out the scam nature of it. So because I invested briefly in ScryptCC, saw through the bullshit, and backed out, I no longer have the right to comment?

Hang on while I laugh my ass off. If you really find that to be true, then feel free to contact the IC3 and tell them you're sad because you don't like what the bigger boy said about your PonziParty. I'll wait.

By your logic, it's fine to start a scam and take people's coins, the only issues arise when people, who by your weird moral compass don't 'have the right' to comment, choose to.

My 12 year old stepson does the same thing when I point out he's doing something wrong. It's a classic deflection tactic. Just like talking about Paycoin or LTCGear or hinging on one of the elements that make this a scam while ignoring the other 20.

And ddysak while you're on another one of your rants about how much I post, why don't you do a post count for the past, say 8 pages, and see how much of it is your drivel?

Until there's proof of mining from ScryptCC none of you shills and idiots have a defensible position.


This is the 3rd PM from dysak being upset about my negative trust in him. I'm not responding in PM and I've already laid out my criteria for removing my negative trust from his profile. It's not about anything between you and me dysak, its about your distortion of reality around ScryptCC. Disprove my claims, and the negative trust will be removed. Post whatever you want on my profile.

I'm just trying to be reasonable.   When you what your negative trust removed, just message me and I'll remove it as long as you also remove it from me.

That is fair and reasonable.   If you never take me up on the offer that is fine.  

Sincerely,
  dyask

You are just angry about him not accepting your opinion. That is emotional. He has done nothing wrong.
It would be different if he would claim something like to get withdrawals and in reality he does not.
So he doesn't lie and has not scammed anyone.

If he wouldn't believe what he writes, he wouldn't still use scrypt.cc.

I give you a better person to be angry about.
https://btcjam.com/listings/44010-mining-expansion,-trading-and-invest-at-btcjam-%234-
He loaned 30 BTC to invest in scrypt.cc, AFTER it was obvious to be a scam

Then the rewards decreased and he had to open another loan to pay the first:
https://btcjam.com/listings/49807-refinancing:-mining-expansion,-trading-and-invest-at-btcjam-%234-

@ time of opening the loan he had 8500MH/s
Quote
#4.My investment at scrypt.cc is about 8500 MHS (=8500000 khs) with current rewards the Monthly Income: 3.54 btc.

Obviously he has no other sources of income that could pay off the debt, otherwise he wouldn't take an additional loan with 50% interest.


Now he is still reeinvesting although he can't pay the rates of the first loan:
Quote
An update:
at the moment i have about 10100 Mhs scypt mining (10100000 khs) Monthly Income: 4.21 btc (with current rewards)

When scrypt.cc will finally pay nothing he will have to default.
It is clear that it's not his intention to defraud his investors, but it will happen.

He is probably a trustworthy person but plain stupid. And this with other peoples money.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 07/09/2015, 22:40:10 UTC


That's a buy order.
You DUMBASS.
Shows how you spammers make retard claims and believe their true LOL.

OK DUMBASS, why would the engine allow that buy order to exist in the first place? Unlimited KHS/MHS in the trading engine? Obviously it's a buy order but guess what if you go to Hashnest and try to buy 300 Ph/s worth of shares, IT WON'T LET YOU. Fancy that. Their orderbook limits you to buying what's available on their marketplace.

Any explanations for this, or shall we add it to the list of things you make up and can't substantiate?

Well, if you have enough cash you can go to an exchange and set a buy order for 20 million bitcoins.
Why should someone stop you? If there are not enough bitcoins in existence, it won't be processed in full or at all (if it can't be processed partially)

There are enough other good proofs, this one not.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 07/09/2015, 22:29:43 UTC
I think the yield seen right now are reflective of the actual amount of mining going on.

What makes you think there is any mining going on? Do you have any evidence for it, or is it purely a guess?

I will add some math for you:

Math with your "mining" rewards:
MH price   
0,00078499 BTC
MH reward per day
0,00001344 BTC

If you would run that MH with real hardware by yourself @ LTC network:
MH reward per day with real hardware
0,0001493 BTC

So the reward for real hardware is 91% higher than with scrypt.cc's mh.
That means the ROI for the scrypt.cc admin is 5,25 days if he is running real hardware.
Well, lets say the power costs are 50% of all rewards, then the ROI is 10,51 days

Now tell me, why should the admin not buy the hashrate out of the orderbook?

This is an excellent point, but none of the scam's defenders seem to have even noticed it.

What math, it is just numbers thrown out.  
If you look at current Titan sales they are being sold for around $12/MHs.  0.05 BTC which is actually about 64x what MHS at scrypt.cc costs.   Granted those prices are high, but that is what people are paying.  You can find a few sales threads on forum.gethashing.com.


Seriously Huh Just some numbers thrown out?
This is calculated with the actual datas. There is no random value in it  Roll Eyes
I know you have some problems with following them. Just tell me where I'm wrong and we can discuss this.

Or do you want to say 1MH/s is not 1MH/s ? Do you want to say that every MH/s in your account is not backed by the hardware equivalent in the scrypt.cc "farm"?

You always repeat: proof proof proof, then you get a proof and just ignore it, you don't even try to refute it with logical argumentation.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 07/09/2015, 14:02:18 UTC
Anyway, apologies if this has discussion has been heated at times. Despite that, it's been educational and ended on a positive note!

No worries from me, I've pretty thick skin.    I may have offended and that wasn't my intent either.    

The situation at scrypt.cc is very stressful, even as it is improving.   It causes a lot of heated debate.    

All anyone needs to do is look here: https://bitcointalk.org/index.php?action=trust;u=220936 if they want to know whether or not to trust what you're saying.

You bounce from Ponzi to Ponzi, scam to scam, and do your best to promote them to entice others. BTC-Arbs, Bitcoin-trader(dot)biz, Paycoin... all scams you promoted heavily in the face of evidence to the contrary:

https://bitcointalk.org/index.php?topic=557446.msg6080055#msg6080055
https://bitcointalk.org/index.php?topic=857670.msg11129345#msg11129345
https://bitcointalk.org/index.php?topic=444495.msg11120912#msg11120912

It's sad that this is your involvement in the crypto community. No amount of semantics, word games, and dissection of pointless minutia will change that this is a giant scam based on a lie. It doesn't matter that you've been involved since Feb 2014, and you're now trying to debate the specific figure of how much fictitious hash is being sold. The point is, its all fake, and its all a lie, and you're promoting a scam.

Your negative trustrating is inappropriate.
He is just blatantly wrong with his assessments. To be wrong is no crime.

I have perceived him as very friendly over the forums.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 07/09/2015, 13:27:47 UTC

You didn't show any math or proof.   There isn't any.   There was 500000000 KHS being bought and sold, not there is 500000 MHS being bought and sold.   Right now there is less than 80000 MHS listed for sale.   If there was 6 THS one would expect 1000x that much up for sale.    The 500 GHs figure is exactly what the Admin claimed was sold to the users.

Go on the #scrypt.cc chat and ask people how much MHS is out there.    

I've been at scrypt.cc since Feb. of 2014, I have a pretty good idea of exactly how much mining was sold.   However I think the true amount of mining a scrypt.cc is closer to 160 GHs.    Throwing out wild numbers doesn't make them true.

I can't recreate the orderbook at the time. Read back a few pages; this was noted by people other than myself. And you're seriously throwing out that stonerfest shitshow of an IRC as some sort of validation? Are you going to start a debate with me over the fact that Marcelo lies about mining entirely and that every bit of MHS/GHS is made up?

You offer no proof on anything and instead tell me to go dig out your proof.   Classic trolling.  

I already told you I've been using the site for over 1.5 years.   I have a very good idea of exactly how much KHS was sold when.   The claim you make that there is 1000x as much as what can be seen is clearly people using order books from the KHS days and saying it is MHS.   There is 1000x difference between KHS and MHS.   Don't you understand the metric system?

EDIT:  If you care to look, you'll see I only pointed out a couple of points that greatly hurt your position.   I was actually doing you a favor.  

Dude, just stop it. The invisible "data-center move" was proof enough. Hard math proof. You still refuse to accept this.

Although this is already enough proof I will add some math for you:

Math with your "mining" rewards:
MH price   
0,00078499 BTC
MH reward per day
0,00001344 BTC

If you would run that MH with real hardware by yourself @ LTC network:
MH reward per day with real hardware
0,0001493 BTC

So the reward for real hardware is 91% higher than with scrypt.cc's mh.
That means the ROI for the scrypt.cc admin is 5,25 days if he is running real hardware.
Well, lets say the power costs are 50% of all rewards, then the ROI is 10,51 days

Now tell me, why should the admin not buy the hashrate out of the orderbook? If he is mining he can be sure that he can't be get scammed by himself.
He has thousands of private BTC's and doesn't invest in his own farm with a 10 day ROI by buying his customers hashrate back?
The risk that something will happen with his "farm" in 10 days is somehow very manageable.

But still, the "data-center move" is enough proof. It was proven to be a lie. You still refuse to give any logical counterargument to the fact that it is not possible that the missing 500-850GH/s for 2 days are not visible in the blockchains.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 23/07/2015, 08:42:25 UTC
Think about this:

Why should the scrypt.cc wallet fill up so much if admin is not selling phantom KHS?
It's very unlikely that the customers keep their money on the platform, so customer-to-customer sells would leave the platform immediately.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 28/06/2015, 12:09:24 UTC
cryptodevil, why are you putting so much time and effort into trying to convince people that scrypt.cc is a scam? I've made a few thousand USD on scrypt.cc so far, right now I have one thousand USD invested, since just before the hack. If I lose this (and that's still an if), I'll still have made a profit. Why not just wait and see what happens?

Do you realize that this is exactly how a ponzi works? Some people make profit at cost of others. The only person who wins definitly is the ponzi operator. Nothing more than redistribution.
It works fine until it collapses. Not to hard to understand.

cryptodevil is right about the hashrate, it is not possible what scrypt.cc claims to do.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 26/06/2015, 12:08:21 UTC
Actually Fuckhead all it takes to sue someone for slander is saying something that you can't prove.

You's are all relying on hear say and assumptions. Seriously, Fact.


It is proved.

Wrote this some weeks back (old numbers):

Quote
First, we calculate how much money can be generated (max.) per time:

Litecoin
Block reward: 50
Time: 2.5 min
LTC price: 1,3 USD

576 (blocks/day) * 50 (reward/block) = 28800 LTC/day generated
28800 LTC * 1,3 USD = 37440 USD

TL:DR: you can generate max. 37440 USD per day with mining Litecoin

You can add Dogecoin (DOGE), Syscoin (SYS) and Viacoin (VIA) to that amount because they can be merge mined with Litecoin. The same hardware that is hashing LTC can mine this coins at once.
The reward should be ~6-10% (don't care about exact number, not relevant) higher while doing this.

http://www.coinwarz.com/cryptocurrency?sort=hashrate&dir=desc

Now look at the market cap of other coins:
http://coinmarketcap.com/currencies/views/filter-non-mineable/

There is no coin that could produce nearly as much profit as ltc can. Take any coin and calculate the reward/day.
The market cap is a perfect indize to see which coin can generate how much value.

If you add just 13GH to a coin like Worldcoin (WDC), you end up with double difficulty and generate FAR less per GH/s as you would with LTC and you power costs would consume every profit. (you lose money while doing this)
And just for fun the max reward of Worldcoin WDC/day: 95040 (coins/day) * 0.005310USD = 504,66 USD/day

TL:DR: If you have 500GH/s and don*t mine LTC, you end up with nearly nothing (edit:less than nothing, power costs > rewards) . You can't point them to shitcoins for profit.

If you can't follow the logic, to bad for you.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 22/06/2015, 14:01:14 UTC
You had the chance to exit after he confirmed the scam by himself through claiming the farm was shutdown due to powercompany issues. It couldn't be noticed on the blockchain (hashrate).
You will not get anything from now on.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 18/05/2015, 12:46:50 UTC
This is on IRC from the admin dude:

Contract 1 offers $0.225BRL/kWh, contract 2 offers $0.18BRL/kWh. To avoid repeat, will likely do contract 1. Expect approximate doubling in current rewards, update on Tuesday

Pump&dump.
People believe the high reward is coming back and buying more with fresh money because they believe the price will go up and they want to buy before..

Admin will make a lot of $$$ while dumping a shitload of fake hashrate into your buy orders. Happy money burning. See you in some weeks Smiley
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 13/05/2015, 12:41:37 UTC
if they were gonna take the money and run they would have stopped withdrawals when the power went off...anyone would know that in a scenario like that there's gonne be a huge chunk of investors that freak out and withdraw as much as they possibly can.


Option 1: Stop withdrawals, he can get some of the payouts that were not moved out

Option 2: Claim that everything is working again and lure people for new money with the cheap KH price. -> would be my choice

Be honest: How many of you will now send some BTC in scrypt.cc's warm und fuzzy wallets to buy some cheap KH?
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 13/05/2015, 12:27:28 UTC
Little teaser:

Admin says: Everything working now
*payouts coming in again*
People: Oh nice, it's working again and the ROI is 30 days if I buy now, great opportunity, BUYBUYBUY
Admin next days: Thanks for your money suckers, byebye Smiley))))

He is really smart in calculating how people react to get every penny out of them.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 12/05/2015, 15:07:47 UTC
People needs to feel safe in their life
If you take away safe from people be nervous and act like this

I have write about safe in the past, there is no safe in anything is an illusion a lot of products and services have created to sell safe
but safe there is not

if you understand that you can feel safe in your own powers and in your own decisions.

about scrypt.cc

1 khs = 0,00000661 btc
that means brake even* in 37 days  (*when the mining will start again to have it)

Also if mining will start again the prices will go up and up and up !

So relax and stay positive.
If you want to stay stay
if you want  to buy buy now is the time
If you want to leave sell then

In other mining companies or projects the sell their KHS, MHS, GHS in a fixed stable price and some time the give a discount 10% , 20% etc
here we trade khs in a free market demand decides what the prices is

 



Lol, you are so naive, just ignoring the facts.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 12/05/2015, 13:59:48 UTC
Syscoin is worth 275,378 USD (market cap)

So how much USD you can mine/time? Calculate it and then say me why should anyone point 894GH of hardware to this worthless coin? Do you think you just have to increase hashrate to a coin and you get more reward with every machine? Sorry, then you have to do some research.

Coins generated per day * Coin value = max. reward/day



I've never said he is mining Syscoin.
I just said: It is absolut possible that you won't notice the loss of the Scrypt.cc Hashrate
when you look on the complete Scrypt Network / Market.

Maybe the Scrypt.cc Hashrate is spreaded over the 500 Small Coins. And it's switching every 10 Minutes.
So you have absolut no chance to see it.

You are wrong. The only coin that can absorb so much hashrate IS the litecoin and every coin that you can merge mine with it. Try it with some calculations before guessing.

http://coinmarketcap.com/

That is all you need to know.
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 12/05/2015, 13:53:42 UTC
Dodge    - 1110 GH/s
Syscoin  -  894 GH/s
Viacoin  -  887 GH/s

This can be merge mined with litecoin, so you are wrong.
The hardware in this coins is the same as in litecoin.

You can't hide so much hashrate in altcoins.

... You're kidding, right?
Yes, Hardware is the same. They all using the Scrypt algorithm.
But NO, they can NOT be merged..

Syscoin is worth 275,378 USD (market cap)

So how much USD you can mine/time? Calculate it and then say me why should anyone point 894GH of hardware to this worthless coin? Do you think you just have to increase hashrate to a coin and you get more reward with every machine? Sorry, then you have to do some research.

Coins generated per day * Coin value = max. reward/day

You would probably buy a x million USD farm to mine for a coin that can max. generate some hundred $$$ a day
Post
Topic
Board Service Announcements (Altcoins)
Re: Scrypt.CC | Scrypt Cloud Mining
by
rhok666
on 12/05/2015, 13:44:25 UTC
i want tell you something.....
maybe scrypt.cc is just a scammer.....
 
please login scrypt.cc and choose  "Rankings" , you will find "Scrypt.CC's Top 20 Hashers"
because  total top 20 hashers are amount about ~300,000,000KHS (=300G).....how AMAZING!!
SO I guess total scrypt.cc sold about over 600,000,000KHS (=600G )!!

DO YOU KNOW THE largest hash rate of scrypt coin
yes!!  it's Litecoin!!

DO YOU KNOW how many hash rate are mining litecoin ??
it's about 1000G!!

SO....scrypt.cc's hashrate  is over helf of litecoin!!!

but i feel so confused!!
when scrypt.cc stop mining this moment........why litecoin's hashrate are never droping down!!

maybe you will say "scrypt.cc mine the most profitable coins"!!
but i guess they still have to distribute over 50% hashrate to mine litecoin (because the coin scale is bigger enough)

so.....i just guess scrypt.cc really not a mining company !! but a scammer (maybe ponzi)!!

Litecoin - 1160 GH/s
Dodge    - 1110 GH/s
Syscoin  -  894 GH/s
Viacoin  -  887 GH/s

That are the 4 Big.

4051 GH/s together


The following smaller 50 Coins have together ~ 60 GH/s

Overall there are around 500 Scrypt Coins.
Hard to find exact data.

But in fact everybody can make a own coin.

If the Hashrate distributed over a large area, nobody would notice if it's missing.

And Litecoin is by no means the most profitable.

Its
- Franco
- Fastcoin
- Einsteinium
- Globalcoin
- 42
- CHNCoin
- Tagcoin

And a shitload of others..


Dodge    - 1110 GH/s
Syscoin  -  894 GH/s
Viacoin  -  887 GH/s

This can be merge mined with litecoin, so you are wrong.
The hardware in this coins is the same as in litecoin.

You can't hide so much hashrate in altcoins.
Post
Topic
Board Service Discussion
Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
rhok666
on 03/01/2015, 18:34:13 UTC
@AnimoEsto

you helped me to get out with your escrow service months ago, thank you again Smiley

I don´t see why gaw should not be allowed to just buy paycoins. The "floor" is nothing than just buying all coins to 20$. There is no manipulation when you buy something....