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Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 15. (Read 361398 times)

legendary
Activity: 938
Merit: 1007
This new update is quite significant. The designs may be just renders but this would be the most elaborate and ill thought out scam ever - should it prove to be one.

This points, at least in my opinion, that he's at least doing something, something tangible that actually might look as shipping off stuff. The point is he's probably banging away with them until shipmentdate to make the most out of them. If he's going to ship them.
full member
Activity: 179
Merit: 100
Blockchain Applications For The Real World
This new update is quite significant. The designs may be just renders but this would be the most elaborate and ill thought out scam ever - should it prove to be one.
legendary
Activity: 938
Merit: 1007
Quote
Quick update: The new bottom heatsinks should be received tomorrow. As soon as it is possible, new pictures will be posted.
The new heatsink is extended 10 mm each side of the board (240mm side) to accommodate mounting holes for stacking (eg. via hex standoffs) without stressing printed circuit board. The new assembly dimension is now 300 x 260 mm (which exceeds standard atx size), however, it gains in ability to stack large number of boards, also it gets better thermal/structural design and performance.
CAD renders until heatsinks are received:

Top. And Bottom.
legendary
Activity: 938
Merit: 1007
People, u need to understand it s been over months ago. Pls stop bumping this thread and go do something more productive.

There is a lot of productive things being done to skin the bee and nail its hide to the shed.   You are just out of touch. 

Any specific thread to monitor for updates on "motivational" movements? Wink
hero member
Activity: 854
Merit: 510
People, u need to understand it s been over months ago. Pls stop bumping this thread and go do something more productive.

There is a lot of productive things being done to skin the bee and nail its hide to the shed.   You are just out of touch. 
legendary
Activity: 938
Merit: 1007
is that a LTCgear board?

PS: Yes, it´s for 1 Unit

It's on the website, frontpage, of LTCGear at this point.
legendary
Activity: 994
Merit: 1000
is that a LTCgear board?

PS: Yes, it´s for 1 Unit
legendary
Activity: 938
Merit: 1007
Quote
Shipping is stopped and delayed for approximative one – two weeks.
Reason: It was discovered that current bottom heatskins modular configuration, chosen this way for cost and shipment packaging, may destructive bend the boards during shipping or handling.
The bending may result in ripping traces, unsoldering components or other mechanical/electrical/thermal faults.
To mitigate this issue the bottom modular heatsinks (the heavy load ones) are to be replaced with a monolithic heatsink.
Example (bend, ripped traces and unglued top heatsink):

And links to a shot from the top and the bottom.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Wow this thread is still being bumped?

LTCGear was pure ponzi. Period.
hero member
Activity: 1276
Merit: 622
To pay shipping please send 0.46180000 BTC to Bitcoin address...


Thats a lot shipping! I hope it´s not a way to suck more BTC out of the people....

How many machines would that have to be for?

I'd guess 1. I've got 0.80020000 BTC for 1 unit.

Not sure why he's using people traveling in 1st class to ship these...
legendary
Activity: 938
Merit: 1007
To pay shipping please send 0.46180000 BTC to Bitcoin address...


Thats a lot shipping! I hope it´s not a way to suck more BTC out of the people....

How many machines would that have to be for?
legendary
Activity: 994
Merit: 1000
To pay shipping please send 0.46180000 BTC to Bitcoin address...


Thats a lot shipping! I hope it´s not a way to suck more BTC out of the people....
hero member
Activity: 763
Merit: 534
What the hell! WTB LTCGear accounts. Please PM me with offers. Curious what is out there now. Thanks!
legendary
Activity: 1174
Merit: 1001
Everyone has a different opinion, and circumstance of risk/reward in this case.  I bought accounts for one, and would I make some BTC back if I sold them now? Sure, but for me I don't really care or need just a couple bitcoin so I hold my accounts for 1. Participation in the legal case, and 2. The chance this all comes to some resolution either because of the legal pressure, or because in the end he plans to send hardware, or some form of payments.

There is no right, or wrong way to handle this odd case.  Just because people hold on to accounts doesn't mean their thinking is flawed, hell some already reached ROI, and making a few pennies on the dollar isn't worth it to them to sell now. Some wrote off losses on taxes.

PS. Flep182 I know your example of 60 BTC owed and selling value of 3 BTC is just thrown out there numbers, but an account worth 3 BTC is most likely owed around 200 BTC.  You stand a small chance, but much higher return if you pursue legal action, or even just a fraction of what is owed. Some like that risk.

I also think the people that are still sitting around saying others need to sell their accounts are just hoping he never pays out becuase they dropped their accounts already.  Wouldn't it be better to just sell, and move on never revisiting threads JUST to see who still waits around, or if anything new developed? (this isn't directed at one particular person)
legendary
Activity: 938
Merit: 1007
It's pretty clear 90% of the people will never even remotely think they'll get money out of it.

It seems there are more people that actually think of getting their money still . Judging from the number of people that still hold on their account without wanting to sell for loss and also some people that still dream off getting those "magical hardware".

Pretty much common sense IMO why would you keep something that is 98 % sure that you wont get anything back rather than selling it for few percentage for loss and recoup some of it back ( for me it is pretty much better than waiting hopelessly though ). Some may seems lenient about this hardware however it seems most people are still hoping that they will get it

This brings us to a basic flaw in human brains. And I'm risking going waaaay off-topic here; the human brain is not capable of factually seeing risk/reward when there's emotions involved. In this case emotions about money. Considering someone is expected to receive 60 BTC from missed mining income (nothing has been said about that although it's been the number 1 burning question for months) with a 1% chance of happening or getting 3 BTC for the account NOW with a 99% chance of the project going down anyway and not paying out, the smart way would be to sell right away. But then the brain kicks in. Same as why people still buy lottery tickets, I don't get that. At best you'll lose 35% of your investment. But it's this very small chance of getting lucky to get the big prize that keeps people doing it. This is a nice one on that: https://www.youtube.com/watch?v=9PK-netuhHA
legendary
Activity: 2562
Merit: 1414
It's pretty clear 90% of the people will never even remotely think they'll get money out of it.

It seems there are more people that actually think of getting their money still . Judging from the number of people that still hold on their account without wanting to sell for loss and also some people that still dream off getting those "magical hardware".

Pretty much common sense IMO why would you keep something that is 98 % sure that you wont get anything back rather than selling it for few percentage for loss and recoup some of it back ( for me it is pretty much better than waiting hopelessly though ). Some may seems lenient about this hardware however it seems most people are still hoping that they will get it
legendary
Activity: 938
Merit: 1007
People, u need to understand it s been over months ago. Pls stop bumping this thread and go do something more productive.

It's pretty clear 90% of the people will never even remotely think they'll get money out of it.

On the other hand, it's just like a very bad movie, you keep watching since OMG this is bad. Captain America movies for example Wink
legendary
Activity: 2562
Merit: 1414
People, u need to understand it s been over months ago. Pls stop bumping this thread and go do something more productive.

Irony isnt it that people cant step away from this but still hoping that miracle will turns out someday. For entertainment purposes, I would say that this is pretty much needed as I am obviously enjoying seeing people that still believe that Chris will deliver the "magical hardware". Besides bumping the thread poses no threat anyway  Smiley

For the record this is now middle of August and still 4.5 half months to go before we head to December ( the month where all of this started ). It has been months since the promised "magical hardware" and until today there is no sign of that hardware actually exist ( no picture no whatsoever just words ). No complaint whatsoever from those who has paid the fee it seems so I would assume that the weekly payout is still ongoing but the real question would be how long will Chris be able to afford keep paying this because it seems this ponzi cloudmining is pretty much dead by now
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
People, u need to understand it s been over months ago. Pls stop bumping this thread and go do something more productive.
sr. member
Activity: 323
Merit: 250
Quote
502 Bad Gateway
nginx/1.2.1


Site down for updates again. Did someone by accident see a message before it went down? Or is it a popping up and down thing?
Probably the usual up and down thing.
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