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Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 16. (Read 361398 times)

legendary
Activity: 938
Merit: 1007
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?
hero member
Activity: 812
Merit: 1000
at last we have the Q&A!!!
350MH/3500W  (bad efficiency) after the LTC halvation no gain unless free electricity or LTC rises in value!
but "outside EU" is no good at all
legendary
Activity: 2282
Merit: 1072
https://crowetic.com | https://qortal.org
Has this fiasco ended yet?

nope, lol. Still going strong, in fact a new update was posted today! xD

lmfao... but in reality, yes, I believe it is coming to an end. And/or he is going to attempt to restart the ponzi, but I don't believe anyone will ever see the coins that are owed to them.
full member
Activity: 168
Merit: 100
Has this fiasco ended yet?
sr. member
Activity: 323
Merit: 250
You cannot seriously tell me you expect to get something from him at this point?
Not after May.
hero member
Activity: 1276
Merit: 622
...
You cannot seriously tell me you expect to get something from him at this point?

No, not really Smiley
legendary
Activity: 938
Merit: 1007
You cannot seriously tell me you expect to get something from him at this point?

To be honest, no, this does not trigger me to push the "convert" button.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Quote
There is a mandatory request for those which opted to receive hardware, to check their shipping address. The deadline is Wednesday 00:00 GMT. After this date, the shipping fee will be available via My Account page.  There is a new section for Q&A (only about HW): http://ltcgear.com/my-account/qa/  The rest of questions were not answered.

So there is a Q&A online, but now the site gives a 502 bad gateway error. This is not unexpected, but still sucks.

Works fine for me:

Quote
23.) What kind of hardware you are shipping to customers? What are the specs of the Hardware?
Boards, 350 Mhs max per asic unit

24.) What is the amount of hash per one asic ship?
500 khs max

25.) How much power do they draw?
Under 1W per 100kHs

26.) Which sort of connections (Ethernet,USB,…) are on board?
USB

27.) Do they come with a controller or a PSU?
No PSU, embedded controller

28.) What is your PSU recommendation?
No recommendation except certified high efficiency psu. The boards may accept multiple psu, unpowered parts of the board wont hash. The chips are daisy chained, so this needs to be taken in account if boards are powered selectively.
The industrial version of the boards work at higher input voltage, but this feature is not present in boards shipped

29.) Will the boards be overclockable?What kind of cooling is needed?
The hardware automatically sets speed based on thermal performance. The speed can be improved by improving stock cooling

30.) What will the shipping cost be?Will they be deducted from “owed” balance?
Shipping cost is to be collected, however its low value

31.) Where is your shipping location? What will be the value associated with boards shipped, shipping manifest, that customs / duties may be applied to, or will value be negligible or no value ( samples / “faulty return” )?
They will be shipped from outside EU, with low value

32.) Will it be possible to pick them up?
Most likely not, they are shipped via a forwarding company outside EU

33.) Will they come with instructions?
Basic instructions, which would be enough to use them.

34.) How soon will the software/updates be posted on the website?

35.) Is the software open-sourced?
Not at this point since there is some authorisation mechanism embedded in both chips, and controller.
The software will most likely become opensurce in the future

36.) Are the units just boards or do they come with a case?
Just boards, casing is not recommended since will most likely degrade performance and rise reliability issues

37.) What will be the delivery date?
August

38.) What will happen with small share accounts under the minimum of one shippable asic ship?Is there just the hosting option available? Will you adjust the fee?
Currently there are several options but a decision will be taken after this batch deployment

39.) What is the size and weight of the unit?
300×240 mm, 1900g per board

40.) What will happen with Dual Mods/Gen2?
Several options are taken in account. A decision will be taken after this batch deployment

41.) Do you have pictures or Videos of the units?
Yes, links are/will be available via this web page

42.) Are the units pure scrypt units or can we change the algo?
Scrypt only at this point. They may receive extra algs in the future. At this point there are several reasons why only scrypt is implemented

43.) What happens if the units are defective?Is there any kind of service planned?
Not service for the moment.
After deploying this batch, it is possible to chose certain peers (volunteers) to receive a quantity of boards which can be used as replacement for defective boards in same geographical region.

A bunch of BS if you ask me. He avoided answering any hard questions. And the specs are a joke.

You cannot seriously tell me you expect to get something from him at this point?
hero member
Activity: 1276
Merit: 622
Quote
There is a mandatory request for those which opted to receive hardware, to check their shipping address. The deadline is Wednesday 00:00 GMT. After this date, the shipping fee will be available via My Account page.  There is a new section for Q&A (only about HW): http://ltcgear.com/my-account/qa/  The rest of questions were not answered.

So there is a Q&A online, but now the site gives a 502 bad gateway error. This is not unexpected, but still sucks.

Works fine for me:

Quote
23.) What kind of hardware you are shipping to customers? What are the specs of the Hardware?
Boards, 350 Mhs max per asic unit

24.) What is the amount of hash per one asic ship?
500 khs max

25.) How much power do they draw?
Under 1W per 100kHs

26.) Which sort of connections (Ethernet,USB,…) are on board?
USB

27.) Do they come with a controller or a PSU?
No PSU, embedded controller

28.) What is your PSU recommendation?
No recommendation except certified high efficiency psu. The boards may accept multiple psu, unpowered parts of the board wont hash. The chips are daisy chained, so this needs to be taken in account if boards are powered selectively.
The industrial version of the boards work at higher input voltage, but this feature is not present in boards shipped

29.) Will the boards be overclockable?What kind of cooling is needed?
The hardware automatically sets speed based on thermal performance. The speed can be improved by improving stock cooling

30.) What will the shipping cost be?Will they be deducted from “owed” balance?
Shipping cost is to be collected, however its low value

31.) Where is your shipping location? What will be the value associated with boards shipped, shipping manifest, that customs / duties may be applied to, or will value be negligible or no value ( samples / “faulty return” )?
They will be shipped from outside EU, with low value

32.) Will it be possible to pick them up?
Most likely not, they are shipped via a forwarding company outside EU

33.) Will they come with instructions?
Basic instructions, which would be enough to use them.

34.) How soon will the software/updates be posted on the website?

35.) Is the software open-sourced?
Not at this point since there is some authorisation mechanism embedded in both chips, and controller.
The software will most likely become opensurce in the future

36.) Are the units just boards or do they come with a case?
Just boards, casing is not recommended since will most likely degrade performance and rise reliability issues

37.) What will be the delivery date?
August

38.) What will happen with small share accounts under the minimum of one shippable asic ship?Is there just the hosting option available? Will you adjust the fee?
Currently there are several options but a decision will be taken after this batch deployment

39.) What is the size and weight of the unit?
300×240 mm, 1900g per board

40.) What will happen with Dual Mods/Gen2?
Several options are taken in account. A decision will be taken after this batch deployment

41.) Do you have pictures or Videos of the units?
Yes, links are/will be available via this web page

42.) Are the units pure scrypt units or can we change the algo?
Scrypt only at this point. They may receive extra algs in the future. At this point there are several reasons why only scrypt is implemented

43.) What happens if the units are defective?Is there any kind of service planned?
Not service for the moment.
After deploying this batch, it is possible to chose certain peers (volunteers) to receive a quantity of boards which can be used as replacement for defective boards in same geographical region.

A bunch of BS if you ask me. He avoided answering any hard questions. And the specs are a joke.
legendary
Activity: 938
Merit: 1007
Quote
There is a mandatory request for those which opted to receive hardware, to check their shipping address. The deadline is Wednesday 00:00 GMT. After this date, the shipping fee will be available via My Account page.  There is a new section for Q&A (only about HW): http://ltcgear.com/my-account/qa/  The rest of questions were not answered.

So there is a Q&A online, but now the site gives a 502 bad gateway error. This is not unexpected, but still sucks.
legendary
Activity: 938
Merit: 1007
Quote
UPDATE: Website is under maintenance Sunday, August 9. The usual frontend may become unavailable several times during maintenance period.

So he's probably uploading the Q&A here, must be a hefty application!
legendary
Activity: 2562
Merit: 1414
You're right, but I'm not joking. If you were in his situation

If I were him then Im pretty much sure that these guys wont report me to the legal feds because they still "believe" what I am saying . This is indeed a sad truth but some people still indeed believe that he will deliver the "magical hardware" .
Some people may have already started to compile things to pursue this guy legally but they wont really do anything yet for now because some could still be waiting for this promises to be delivered.

Moreover the thing about cloudmining doesnt really affect many people although some may suffer huge unlike moolah and MT. GOX and also that if someone is actually going to take legal actions against all this cloudmining then I assume PBmining would be the first to be sued. As a matter of facts however it seems some people are still reluctant to go outside their anonimous zone to report things legally

legendary
Activity: 1960
Merit: 1128
The answers for Q&A are not ready yet, most likely part of answers will be sent for publishing during or right after the weekend. Taking this in account, opt2 is not yet disabled and requests for conversion will be added to the processing list.

WTF?

Yup, it's a slow motion trainwreck this way. Q&A shouldn't be so hard to answer.

Q&A is only hard if u have to Think up the answers .. If u only have to tell the truth its not "this" hard.

(...)

Q&A is hard if you fear the reactions if you tell the truth and you don't have good lies or don't want to lie completely.

And I believe that the truth would lead to very hard Feedback and (maybe/hopefully) to legal action against him. I still believe that it is that what he fears, because it could end future business-plans, maybe lead to his own bankruptcy.

And I believe that he doesn't have many options to lie about the situation, that anybody would believe.

There is no way out for him and for his victims there is presumably no way to get the money. Lose-Lose-Situation...

Your joking right this is Crypto they invented oops sorry i got hacked all your moneys gone ..

Btw .. I think he's a Thief that Oversold .. remember the Discounts .. and Poof gone .. No he is Not innocent.



You're right, but I'm not joking. If you were in his situation, wouldn't you fear anything? And if not... why? Because it would be that easy to say "I got hacked" if there should be (hopefully will be) an investigation? It's not about a few thousand dollars. It's about millions.

And if you think about some of those who tried it to say "Ooops, sorry, I got hacked...", you have to think of this guys as well:

Ryan Kennedy of Moolah Arrested
http://coinfire.io/2015/02/23/ryan-kennedy-of-moolah-arrested/

Mt.Gox CEO Mark Karpeles arrested in Japan
http://edition.cnn.com/2015/08/01/asia/bitcoin-mt-gox-karpeles-arrested/


legendary
Activity: 2020
Merit: 1041
The answers for Q&A are not ready yet, most likely part of answers will be sent for publishing during or right after the weekend. Taking this in account, opt2 is not yet disabled and requests for conversion will be added to the processing list.

WTF?

Yup, it's a slow motion trainwreck this way. Q&A shouldn't be so hard to answer.

Q&A is only hard if u have to Think up the answers .. If u only have to tell the truth its not "this" hard.

(...)

Q&A is hard if you fear the reactions if you tell the truth and you don't have good lies or don't want to lie completely.

And I believe that the truth would lead to very hard Feedback and (maybe/hopefully) to legal action against him. I still believe that it is that what he fears, because it could end future business-plans, maybe lead to his own bankruptcy.

And I believe that he doesn't have many options to lie about the situation, that anybody would believe.

There is no way out for him and for his victims there is presumably no way to get the money. Lose-Lose-Situation...

Your joking right this is Crypto they invented oops sorry i got hacked all your moneys gone ..

Btw .. I think he's a Thief that Oversold .. remember the Discounts .. and Poof gone .. No he is Not innocent.

legendary
Activity: 1960
Merit: 1128
The answers for Q&A are not ready yet, most likely part of answers will be sent for publishing during or right after the weekend. Taking this in account, opt2 is not yet disabled and requests for conversion will be added to the processing list.

WTF?

Yup, it's a slow motion trainwreck this way. Q&A shouldn't be so hard to answer.

Q&A is only hard if u have to Think up the answers .. If u only have to tell the truth its not "this" hard.

(...)

Q&A is hard if you fear the reactions if you tell the truth and you don't have good lies or don't want to lie completely.

And I believe that the truth would lead to very hard Feedback and (maybe/hopefully) to legal action against him. I still believe that it is that what he fears, because it could end future business-plans, maybe lead to his own bankruptcy.

And I believe that he doesn't have many options to lie about the situation, that anybody would believe.

There is no way out for him and for his victims there is presumably no way to get the money. Lose-Lose-Situation...
legendary
Activity: 2020
Merit: 1041
The answers for Q&A are not ready yet, most likely part of answers will be sent for publishing during or right after the weekend. Taking this in account, opt2 is not yet disabled and requests for conversion will be added to the processing list.

WTF?

Yup, it's a slow motion trainwreck this way. Q&A shouldn't be so hard to answer.

Q&A is only hard if u have to Think up the answers .. If u only have to tell the truth its not "this" hard.

Id like to quote the great:

Sir Humphrey Appleby: A good (speech)Q&A isn't one where we can prove he's telling the truth. It's one in which nobody else can prove he's lying!
legendary
Activity: 2282
Merit: 1072
https://crowetic.com | https://qortal.org
#justiceforLTCgear
#classactionlawsuit
#BeeShallBeFound
legendary
Activity: 1672
Merit: 1046
Here we go again
legendary
Activity: 938
Merit: 1007
The answers for Q&A are not ready yet, most likely part of answers will be sent for publishing during or right after the weekend. Taking this in account, opt2 is not yet disabled and requests for conversion will be added to the processing list.

WTF?

Yup, it's a slow motion trainwreck this way. Q&A shouldn't be so hard to answer.
legendary
Activity: 1456
Merit: 1014
I got 4 gen hashers, anyone want to buy?

post a screenshot of your account (Fee attached etc.) and i will make an offer.
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