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Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 185. (Read 361391 times)

sr. member
Activity: 448
Merit: 250
No,
Check the web
The 30$ one is for 1 unit:

This product will reserve the right to use of a 2nd generation ASIC equivalent to:
- 1300 kHs Neoscrypt algorithm
- 3000 kHs Scrypt algorithm
- 9500 kHs X11 algorithm
- equivalentof (2.7 – 3.0)  x Radeon 290 Lyra2RE (estimate, final numbers after hard fork)

The 300$ one is for 10 units:
This product will reserve the right to use of a 2nd generation ASIC equivalent to:
- 13000 kHs Neoscrypt algorithm
- 30000 kHs Scrypt algorithm
- 95000 kHs X11 algorithm
- equivalentof (27 – 30)  x Radeon 290 Lyra2RE (estimate, final numbers after hard fork)

so...
hero member
Activity: 867
Merit: 1000
but it's $295 for 10 units

wouldn't that be 300 mh/s?
sr. member
Activity: 448
Merit: 250
Oh I see!!
Then that changes everything...

Then most profitable algo is NeoScrypt with its 18$ daily.

Then ROI is not that good :/
I cant see how to hit ROI with that porfits now.

Need more clear explanation please.


sr. member
Activity: 420
Merit: 260
Would be great is someone from LtcGear post here an explanation...
Why is Chris never posting here?

Should be a great help to clarify what does that 1/2.5 means and wich ROI can have that 2nd gen Asic.

Btw, I've made some calc using CoinWaiz porfit calc on this hashrates:


- 13000 kHs Neoscrypt algorithm---- about 18$ porfit daily
- 30000 kHs Scrypt algorithm ------- about 6.8$ porfit daily
- 95000 kHs X11 algorithm --------- about 4.8$ porfit daily

Total: about 30$ daily
If we take that 1/2.5 as it is, we must divide that 30$x0.4 = 12$ a day
thats about 84$ a week
Lets say a 6% increase of difficulty :

1st week ----- 84$
2ond week --- 78$
3th week ---- 74$
4th ---------- 69$
------------------
                 305 $   in 4 weeks.

Not sure about that strange algos diff increase percentage.... just used 6% as in LTC ones..
Please correct me if I'm wrong... just trying to help to take your (and me own!) decision on buy or not...

Regards




Most likely you can only mine one algo at a time. I don't think you get to mine it all at the same time. Neoscrypt is the way to go at the moment.
member
Activity: 79
Merit: 10
They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

How? On 2nd Gen?

Don't bother. Quoting from product description:"This product will reserve the right to use of a 2nd generation ASIC"
So basically you paying for the right, NOT the actual shares.
The product seems like offering add-on to your existing shares giving you a chance to get 40% more until new asics come out.
Again this is my understanding. It is very hard to understand Chrises broken language. You can only assume without clear understanding of product. WTF?
hero member
Activity: 868
Merit: 1000
Sure, guys, pre-order till your wallets glow. No matter what "1/2.5" shall mean. Pfff, who cares about such details.
I'm not warning anyone here or spreaing fud, I'm just curiously watching^^

$295 for the equivalent of 27-30 x Radeon 290 GPU's....think about it more...

Yep, I'm in for two 10 packs this week and more next week.
hero member
Activity: 504
Merit: 500

Looks like ROI in 4 days.

How? On 2nd Gen?

Its not ROI in 4 days for 12mh scrypt x10 at $295

Yeah, thats what I said on 2nd gen, but how did he come to that conclusion?
sr. member
Activity: 448
Merit: 250
Would be great is someone from LtcGear post here an explanation...
Why is Chris never posting here?

Should be a great help to clarify what does that 1/2.5 means and wich ROI can have that 2nd gen Asic.

Btw, I've made some calc using CoinWaiz porfit calc on this hashrates:


- 13000 kHs Neoscrypt algorithm---- about 18$ porfit daily
- 30000 kHs Scrypt algorithm ------- about 6.8$ porfit daily
- 95000 kHs X11 algorithm --------- about 4.8$ porfit daily

Total: about 30$ daily
If we take that 1/2.5 as it is, we must divide that 30$x0.4 = 12$ a day
thats about 84$ a week
Lets say a 6% increase of difficulty :

1st week ----- 84$
2ond week --- 78$
3th week ---- 74$
4th ---------- 69$
------------------
                 305 $   in 4 weeks.

Not sure about that strange algos diff increase percentage.... just used 6% as in LTC ones..
Please correct me if I'm wrong... just trying to help to take your (and me own!) decision on buy or not...

Regards


full member
Activity: 168
Merit: 100
hero member
Activity: 504
Merit: 500
They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

How? On 2nd Gen?
hero member
Activity: 504
Merit: 500
Got my payout as well, how does this new product work, what does "This unit will pay 1/2.5 of Scrypt algorithm until 2nd ASICs are received" mean? 1/2.5 * 30 = 12 MH on Scrypt? If yes, thats nothing on Scrypt algo, please clarify.
legendary
Activity: 924
Merit: 1000
I guess none of us really know what 1/2.5 actually means but the specs on the 2nd gen stuff is pretty impressive for stuff other than scrypt especially the the VTC fork. Pre-ordering at ltcgear seems ok with me since its only a month or so away pre-order and you get some bang for your buck now with the 1/2.5. Chris has done already this past year for his customers and I see no reason why he should not especially since hes paid twice for all blackfriday products (which made me hit ROI again  Grin). I am just debating if I want to invest now or wait a week or so until next payout and invest that into these new shares ( hopefully not sold out by then though)
full member
Activity: 168
Merit: 100
[email protected]

have a clear title to the email as im sure he gets ALOT of emails...
newbie
Activity: 59
Merit: 0
newbie
Activity: 46
Merit: 0
member
Activity: 89
Merit: 10
Yeah still no payout atm.

Best regards

rodeoric
sr. member
Activity: 437
Merit: 250
Still waiting on my payout...  Roll Eyes
legendary
Activity: 1022
Merit: 1001
Sure, guys, pre-order till your wallets glow. No matter what "1/2.5" shall mean. Pfff, who cares about such details.
I'm not warning anyone here or spreaing fud, I'm just curiously watching^^

$295 for the equivalent of 27-30 x Radeon 290 GPU's....think about it more...
legendary
Activity: 1022
Merit: 1004
Sure, guys, pre-order till your wallets glow. No matter what "1/2.5" shall mean. Pfff, who cares about such details.
I'm not warning anyone here or spreaing fud, I'm just curiously watching^^
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