LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 176.

boy2k

full member

Activity: 168

Merit: 100

Quote from: claudiop63 on December 10, 2014, 09:23:20 AM

I did some further calculations....

Chris states that ONE 2nd gen shares yields the equivalent of 3000 Khs on Scrypt algorithm. Then, looking at its graph, one such share seems to generate roughly 0.0005 BTC/day if mining LTC. This makes sense to me, based on 3000 Khs, right? If my reasoning is correct, his graph indeed shows the performance of ONE 2nd gen share....then ROI is astonishing!

It does seem incredible if true but you also have to factor in that if he has sold 2000+ 10 share packs already... Then by January there will be a massive spike in difficulty when they are turned on. I hope not but realistically that many packs hashing the coins, even when spread out, will be significant.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

That could be, but everyone forgets the most important thing:
His data based on ONE UNIT alone, If his whole farm of gen2 mine the same coin at once, it will shot its difficulty to the sky while dumping the price to the ground since almost no altcoin with small marketcap could withstand his farm.

claudiop63

newbie

Activity: 8

Merit: 0

Quote from: claudiop63 on December 10, 2014, 09:12:42 AM

Quote from: sickfancy on December 10, 2014, 09:01:24 AM

Quote from: cypher21 on December 10, 2014, 08:57:04 AM

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share. Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

Chris' caption states "here’s the real data of last 7 days for one second gen unit". He says the figures refer to ONE unit...

I did some further calculations....

Chris states that ONE 2nd gen shares yields the equivalent of 3000 Khs on Scrypt algorithm. Then, looking at its graph, one such share seems to generate roughly 0.0005 BTC/day if mining LTC. This makes sense to me, based on 3000 Khs, right? If my reasoning is correct, his graph indeed shows the performance of ONE 2nd gen share....then ROI is astonishing!

claudiop63

newbie

Activity: 8

Merit: 0

Quote from: sickfancy on December 10, 2014, 09:01:24 AM

Quote from: cypher21 on December 10, 2014, 08:57:04 AM

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share. Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

Chris' caption states "here’s the real data of last 7 days for one second gen unit". He says the figures refer to ONE unit...

sickfancy

full member

Activity: 153

Merit: 100

Quote from: cypher21 on December 10, 2014, 08:57:04 AM

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share. Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

boy2k

full member

Activity: 168

Merit: 100

Nobody knows apart from Chris if that data is per share or per 10 shares its all guesswork.

Payment Friday will be the first indication of what to expect until mid January.
Then again its more guessing until the first lot of 2nd gen payments.

cypher21

hero member

Activity: 854

Merit: 503

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

are you sure? is it BTC/Share?

truth_

newbie

Activity: 42

Merit: 0

Quote from: claudiop63 on December 10, 2014, 08:47:39 AM

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

Also curious on the estimated 2nd gen payouts as I am a LTCGear noob and still trying to figure everything out.

Pilotseye

full member

Activity: 210

Merit: 100

Quote from: Pilotseye on December 09, 2014, 07:28:36 PM

Sale at http://www.ltcgearstore.com
1 MH for just $3.15
10 MH for just $31.50
100 MH for just $315.00

Additional 5% discount on all products with coupon code WHYTHEFUCKNOT (no joke, it really works

)

claudiop63

newbie

Activity: 8

Merit: 0

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? Shocked

Furio

legendary

Activity: 938

Merit: 1000

BTC | LTC | XLM | VEN | ARDR

Quote from: katsuro on December 10, 2014, 04:14:41 AM

One question about the referral:
There is a differecne between the "Coin choice" and the "Referral payment" in the payment selection.
With Coin choice it says: "If 'Convert to shares' is selected, payment will be converted to shares at best product rate (3K0) shares / USD with with extra 8% discount. "
With Referral payment it says: "If 'Convert to shares' is selected, referral will be converted to shares at 1K83 share / USD with with extra 8% discount."

Did anyone already get paid in shares as Referral payment?
Can you confirm/negate it?

Yeah got the payment, only ones a month do all the referrals get payed out, not every week

david123

legendary

Activity: 1022

Merit: 1004

But sure the ref-system is still working. Unfortunately, in my opinion, but that's how it is..

katsuro

newbie

Activity: 7

Merit: 0

Quote from: boy2k on December 10, 2014, 06:42:08 AM

Quote from: cypher21 on December 10, 2014, 06:27:20 AM

on the site there is a post that he not paying refs anymore

Quote from: david123 on December 10, 2014, 01:54:56 AM

I got my ref payments

then why is david posting this?

You still get ref payments.
Just no support anymore if it doesn't work.

boy2k

full member

Activity: 168

Merit: 100

Quote from: cypher21 on December 10, 2014, 06:27:20 AM

on the site there is a post that he not paying refs anymore

Quote from: david123 on December 10, 2014, 01:54:56 AM

I got my ref payments

then why is david posting this?

cypher21

hero member

Activity: 854

Merit: 503

Quote from: Haunebu on December 10, 2014, 01:51:48 AM

last week no ref payment.
this week again no payment.

many emails to different email adresses from chris. but no answers! Angry

on the site there is a post that he not paying refs anymore

katsuro

newbie

Activity: 7

Merit: 0

One question about the referral:
There is a differecne between the "Coin choice" and the "Referral payment" in the payment selection.
With Coin choice it says: "If 'Convert to shares' is selected, payment will be converted to shares at best product rate (3K0) shares / USD with with extra 8% discount. "
With Referral payment it says: "If 'Convert to shares' is selected, referral will be converted to shares at 1K83 share / USD with with extra 8% discount."

Did anyone already get paid in shares as Referral payment?
Can you confirm/negate it?

david123

legendary

Activity: 1022

Merit: 1004

Once again it's difficult to tell what Chris means Cheesy

vasude

newbie

Activity: 46

Merit: 0

again chris updated his homepage about the second generation product ,possible next week he may one of his datecenter

david123

legendary

Activity: 1022

Merit: 1004

I got my ref payments

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

last week no ref payment.
this week again no payment.

many emails to different email adresses from chris. but no answers! Angry

Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 176. (Read 361391 times)