Our Conclusion About the Scryptcc Scrypt Cloud Mining Service

2 Mar
2014

scryptcc-scrypt-cloud-mining-service

After using the scryptcc cloud mining service for a over two weeks already we are ready to draw our final conclusions about it. Initially the service seemed very promising with a few things that needed to be fixed and some extra polishing of the already available features, so we had high hopes and have invested into it until going up to 400 KHS worth of Scrypt mining power. We were buying from the second batch of 100 MHS (total of 200 MHS or 200000 KHS) were sold by the service provided to users and we have also reinvested our earnings into more kilohashes. And as expected when the second 100 MHS batch was sold out the price per KHS started to increase as you had to buy from other users that are selling their already purchased hasrate. As predicted this meant that if you went early and bought from the “cheaper” KHS you could also profit by selling them later at a higher price, along with the earnings you will get by them mining for you.

Everything seemed to work fine and we’ve received our mined earnings every 10 minutes into the account balance, though we’ve noticed some bugs and have reported them to the support. We got response from the support that they will look into them and even suggested some workarounds. That was during our first days of use of the service, so we were not aware that the support will be so bad in terms of not fixing anything ad even not responding anymore to our numerous reports about the fact that the problem still exists two weeks after our initial report about it. We suspect that other users have also reported these problems and they are still not being addressed and we got only promises and excuses that the service is still in Beta and the reason for issues is that. Now, more than two weeks have passed since we started testing the cloud mining service and the issues still persist, so we were fed up and decided to sell our KHS and stop using the service. When money or crypto coins are invested into some service or product you expect to get something worth these money in return, and apparently we are not getting proper support, so we better stay away…

Selling the 400 KHS hashrate that we’ve had purchased in the service along with the profit from mining for this time, we ended up making about 0.05 BTC profit which is not bad. However we wanted to invest into more Scrypt hashing power as well as to continue using the service for longer periods of time. With this level of support, or the lack of such, we have decided to get out of the service with small profit and not risk having a more serious issue that will have to wait for who know how long to be resolved and that could lead to loosing money or coins. Our final advice is to stay away from the scryptcc cloud mining service and if you have already purchased some KHS there you might want to sell them and reinvest the coins into another more reliable and better service. We have done that and are already trying another alternative services and may revise our conclusion in a few weeks of time if there is some improvement.



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