Crypto Mining Blog

Times quickly goes by and we have already used the scryptcc cloud mining service for a few days and can share more about our experience with it. So far we are left with somewhat mixed feelings, on one hand the service itself works find and stable, every 10 minute session you are getting your earnings from the purchased cloud hashrate available in your Balance from the purchased hashrate. On the other hand there are some annoying bugs that are not being fixed and the support knows about them as we’ve reported them a few days ago, as probably other users of the service also did the same. The Break In Time continues to vary quite a lot, changing based on the current profitability of the crypto coins being mined by the service. In general it is normally hovering about 180 days, but we’ve seen going down to 90 days and going up to 230 days at times.

One of the most annoying bugs that the the guys behind the scryptcc service haven’t resolved yet is related to trading when you want to trade all of of the available BTC for KHS, the rounding apparently sometimes gives wrong result and you need to manually edit the value for the trade to be executed. We’ve noticed and reported that issue soon after we started using the service, but it hasn’t yet been resolved. On the trade page the trading chart is also not working properly and the last date on it is 17th January, another bug that the support is aware of and hasn’t been fixed yet. There are other small issues we’ve stumbled with as well that we have reported and that haven’t still be resolved. The excuse we get is that they are still in Beta and will fix it when they can – not very professional response and approach, and though these are no serious issues they can get annoying and can drive you away from the service, especially if another better similar service appears as there is currently no viable alternative available for scrypt could mining.

So far scryptcc has sold about 152000 KHS (152 MHS) worth of Scrypt hashrate to users from their available mining hardware and have available on the market about 48000 KHS (48 MHS) left on the trade market. This is their second batch of 100 MHS hashrate. We are mining hardware getting released for sale by the service providers at a price of 0.00144444 BTC per KHS, and we expect that after the available hashrate gets traded the price may start to get up, unless there is a third batch of 100 MHS. So far the trading is not that active as in order to sell some hashrate you need to set a price lower than 0.00144444 BTC per KHS, but this should change as soon as the big sale order gets completely traded. The idea to buy now and not go for the long expecting ROI, but instead mining some coins then selling at a higher price your KHS after a week or two is also an interesting option to consider.

So far we’ve been reinvesting into KHS all that we have earned from mining and our cloud mining hashrate is currently 237 KHS, up from the 232 KHS that we’ve purchased initially a few days ago. What we don’t like is that so far you can only fund your Balance with BTC and your earnings form the purchased Scrypt mining cloud hashrte are also being payed to you in BTC. It would’ve been nice to have the option to use LTC as well, saving you the trouble to go through an exchange. Another thing that we do not like much for the moment is that there is no statistics or information about the crypto currency that is currently being mined. Some sort of a news and updates section would also be nice, there is a forum, but there is not much activity there yet not only by users, but by the team behind the service as well. There is chat functionality built into the website, but there are not timestamps for the messages, so you have no clear idea how old they may be when you open it up. We know the service is still new and in Beta, but we as users of the service want to see that things are actually happening and improving as we continue using it, and so far we are not seeing that happening yet. Maybe the team is busy with the backend or the hardware, however this does not mean that they should not put effort into improving the frontend of the service and the user experience in general. Still we are positive that things will move in the right direction, even though they appear to be a bit unprofessional at the moment, so we’ll give a bit more time before drawing conclusions.

– For more information and to try out the scryptcc cloud mining service yourself…