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Scrypt Cloud Has Been LAUNCHED!!!!


  • Regular Member Banned

    I wanted to make a thread to continue the discussion here: [url=http://forum.feathercoin.com/index.php/topic,4634.0.html]http://forum.feathercoin.com/index.php/topic,4634.0.html[/url]

    Basically I have ordered 39 x radeon R9290 graphics cards for 13 mining rigs. The total hashing power will be approx. 31mh/s. So I will be offering contracts on my website [url=http://www.scryptcloud.com]http://www.scryptcloud.com[/url]

    And so you will be able to purchase 6 month and 12 month contracts for up to 2 mh/s cloud mining. You will be able to choose to mine litecoins or feathercoins with your mh/s and payouts will be in your chosen cryptocurrency.

    How it will work:
    I will mine with my own workers with a pool for each cryptocurrency and then the total amount mined will be divided up into 31 equal shares each week and paid according to how many shares or mh/s you have.

    You will be able to resell your mh/s or sell them back to us. For example: you buy 1mh/s 6 month contract for 1.1 BTC, then a month later you wish to sell them back to us. So we will divide 1.1 BTC by 6 (total contract length) and multiply by 5 (the remaining months left on contract) for a total of 0.91666 BTC refund.

    You can also sell your mh/s on any market place. We will change over the payout address to the new owner. All you have to do is send us an email and we will organise it quickly and with ease.

    The prices are as follows:

    1mh/s 6 month contract: 1.1 BTC
    2mh/s 6 month contract: 2.1 BTC
    1mh/s 12 month contract: 2 BTC
    2mh/s 12 month contract: 3.9 BTC

    These prices apply to both litecoin and feathercoin contracts.

    I will also be adding a feathercoin and litecoin payment option over the next couple of days, hopefully in time for the site launch on the 1st of January 2014.

    Edit: Site has now been launched and we are now accepting payment in bitcoin. :)

    All rigs should be up and running by the 20th of January if all goes to plan.

    Any input, advises or questions would be greatly appreciated and answered!


  • Regular Member

    [quote name=“FTClover” post=“48465” timestamp=“1388431889”]
    I wanted to make a thread to continue the discussion here: [url=http://forum.feathercoin.com/index.php/topic,4634.0.html]http://forum.feathercoin.com/index.php/topic,4634.0.html[/url]

    Basically I have ordered 39 x radeon R9290 graphics cards for 13 mining rigs. The total hashing power will be approx. 31mh/s. So I will be offering contracts on my website [url=http://www.scryptcloud.com]http://www.scryptcloud.com[/url]

    And so you will be able to purchase 6 month and 12 month contracts for up to 2 mh/s cloud mining. You will be able to choose to mine litecoins or feathercoins with your mh/s and payouts will be in your chosen cryptocurrency.

    How it will work:
    I will mine with my own workers with a pool for each cryptocurrency and then the total amount mined will be divided up into 31 equal shares each week and paid according to how many shares or mh/s you have.

    You will be able to resell your mh/s or sell them back to us. For example: you buy 1mh/s 6 month contract for 1.1 BTC, then a month later you wish to sell them back to us. So we will divide 1.1 BTC by 6 (total contract length) and multiply by 5 (the remaining months left on contract) for a total of 0.91666 BTC refund.

    You can also sell your mh/s on any market place. We will change over the payout address to the new owner. All you have to do is send us an email and we will organise it quickly and with ease.

    The prices are as follows:

    1mh/s 6 month contract: 1.1 BTC
    2mh/s 6 month contract: 2.1 BTC
    1mh/s 12 month contract: 2 BTC
    2mh/s 12 month contract: 3.9 BTC

    These prices apply to both litecoin and feathercoin contracts.

    I will also be adding a feathercoin and litecoin payment option over the next couple of days, hopefully in time for the site launch on the 1st of January 2014.

    All rigs should be up and running by the 20th of January if all goes to plan.

    Any input, advises or questions would be greatly appreciated and answered!
    [/quote]

    At the current rate, you’ll be getting 25 FTCs per 1Mh. That’s 4500 FTCs over 6 months which is 1800 USD (0.4 USD eac).
    Even if the difficulty rise, you’ll still be expecting break even.

    Wouldn’t it be more profitable if you mine it yourself?

    Anyway, count me in. I’ll purchase 2MH, if that’s the max that can be purchased per individual.


  • Regular Member Banned

    [quote name=“eaxvac” post=“48489” timestamp=“1388435397”]
    [quote author=FTClover link=topic=6481.msg48465#msg48465 date=1388431889]
    I wanted to make a thread to continue the discussion here: [url=http://forum.feathercoin.com/index.php/topic,4634.0.html]http://forum.feathercoin.com/index.php/topic,4634.0.html[/url]

    Basically I have ordered 39 x radeon R9290 graphics cards for 13 mining rigs. The total hashing power will be approx. 31mh/s. So I will be offering contracts on my website [url=http://www.scryptcloud.com]http://www.scryptcloud.com[/url]

    And so you will be able to purchase 6 month and 12 month contracts for up to 2 mh/s cloud mining. You will be able to choose to mine litecoins or feathercoins with your mh/s and payouts will be in your chosen cryptocurrency.

    How it will work:
    I will mine with my own workers with a pool for each cryptocurrency and then the total amount mined will be divided up into 31 equal shares each week and paid according to how many shares or mh/s you have.

    You will be able to resell your mh/s or sell them back to us. For example: you buy 1mh/s 6 month contract for 1.1 BTC, then a month later you wish to sell them back to us. So we will divide 1.1 BTC by 6 (total contract length) and multiply by 5 (the remaining months left on contract) for a total of 0.91666 BTC refund.

    You can also sell your mh/s on any market place. We will change over the payout address to the new owner. All you have to do is send us an email and we will organise it quickly and with ease.

    The prices are as follows:

    1mh/s 6 month contract: 1.1 BTC
    2mh/s 6 month contract: 2.1 BTC
    1mh/s 12 month contract: 2 BTC
    2mh/s 12 month contract: 3.9 BTC

    These prices apply to both litecoin and feathercoin contracts.

    I will also be adding a feathercoin and litecoin payment option over the next couple of days, hopefully in time for the site launch on the 1st of January 2014.

    All rigs should be up and running by the 20th of January if all goes to plan.

    Any input, advises or questions would be greatly appreciated and answered!
    [/quote]

    At the current rate, you’ll be getting 25 FTCs per 1Mh. That’s 4500 FTCs over 6 months which is 1800 USD (0.4 USD eac).
    Even if the difficulty rise, you’ll still be expecting break even.

    Wouldn’t it be more profitable if you mine it yourself?

    Anyway, count me in. I’ll purchase 2MH, if that’s the max that can be purchased per individual.
    [/quote]

    Actually from my calculations it works out quite well! 706FTC per day total for 31mh/s is what I got, but the main aim of this project is the beginning of something beautiful. By the time scrypt asic’s are available I will already have a good customer base and decent operation running and hopefully a well known name… it’s an investment for the long-term even if I’m breaking even for the first few months!

    And I will reserve those 2mh/s for you, I’ve a feeling most of it will be sold by the end of the week…

    Anyway I will keep posting updates here and site launch is scheduled for 12pm UTC on new years day to coincide with the launch of feathercoin week :) so happy new year to everyone!


  • Regular Member

    wow 39 cards that is crazy but I LIKE the idea of what you are doing


  • Regular Member

    Have you factored in an allowance for burnt cards?


  • Regular Member Banned

    [quote name=“Frozenace” post=“48629” timestamp=“1388477736”]
    Have you factored in an allowance for burnt cards?
    [/quote]

    I can always have them replaced :) not a big deal really… unless the whole thing burns to the ground :o then we have a problem! :P


  • Regular Member

    I’m interested in mhashes to mine Feathercoins :)


  • Regular Member Banned

    [quote name=“Pryderi” post=“48638” timestamp=“1388488675”]
    I’m interested in mhashes to mine Feathercoins :)
    [/quote]

    Would you like me to reserve a couple mh/s for you? :)



  • Nice idea … I am very interested getting 2Mh/s from your cloud! Just have to check if I can get the BTCs together the next days :-)


  • Regular Member Banned

    [quote name=“phreeksta” post=“48649” timestamp=“1388495951”]
    Nice idea … I am very interested getting 2Mh/s from your cloud! Just have to check if I can get the BTCs together the next days :-)
    [/quote]

    I will reserve them for you incase we sell out :)



  • Looking forward for feathercoin payment ;)



  • [quote name=“FTClover” post=“48652” timestamp=“1388497483”]
    I will reserve them for you incase we sell out :)
    [/quote]

    Thanks mate :-)


  • Regular Member

    yeah I seen that last night, would be sweet if also offered feathercoin as payment option as I don’t have bitcoin :’( lol but oh well still good idea

    [quote name=“aatje92” post=“48654” timestamp=“1388497775”]
    Looking forward for feathercoin payment ;)
    [/quote]



  • I Will be getting my Investors to take a serious look at this will you be
    available for any phone conversations perhaps?



  • Seems like a cex for scrypt. I may want some as well! :D


  • Regular Member Banned

    And we’re off!! :) :) :) Happy new year everyone!!

    [url=http://www.scryptcloud.com]http://www.scryptcloud.com[/url]


  • Regular Member

    Feature request: make it possible for people to form virtual pools for everything from mining to charities. And let ppl trade hashes to each other on an exchange and by exchanging vouchers that they can trade off site.



  • I see you get 817kh/s on those cards i think you can get 880 with -w 512 -g 2 --thread-concurrency 24550.

    At least that’s what my sapphire 290 does with under 250watt power usage


  • Regular Member Banned

    [quote name=“aatje92” post=“49048” timestamp=“1388656681”]
    I see you get 817kh/s on those cards i think you can get 880 with -w 512 -g 2 --thread-concurrency 24550.

    At least that’s what my sapphire 290 does with under 250watt power usage
    [/quote]

    yes the 817kh/s was just an estimate I got from litecoin hardware mining comparison wiki… but thanks for the config details I will definately put them to use and see how it goes :)



  • I would be interested but I don’t have many savings (I’m student with low life standard), so I would like an offer for 3 months or the half hash rate for 6 months for 0.55 btc or so. I would reserve such an offer if possible.

    greetings :)


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