Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 190. (Read 361391 times)

Hi again.
I want to ask you guys about tha 2 months... ROI posted here.
I cant see how can you get 2 months ROI on this...
PLEASE CORRECT ME IF I'M WRONG

Nov 28 2014 calculations for Litecoin:

2014-11-21 – Network difficulty 46816.02093 – 0.00135356 LTC/day / 1 Farm$hare (0.00016507 LTC/day / 1 Hw$hare)
2014-11-22 – Network difficulty 46847.29664 – 0.00135265 LTC/day / 1 Farm$hare (0.00016496 LTC/day / 1 Hw$hare)
2014-11-23 – Network difficulty 49818.48906 – 0.00127198 LTC/day / 1 Farm$hare (0.00015512 LTC/day / 1 Hw$hare)
2014-11-24 – Network difficulty 49818.48906 – 0.00127198 LTC/day / 1 Farm$hare (0.00015512 LTC/day / 1 Hw$hare)
2014-11-25 – Network difficulty 49818.48906 – 0.00127198 LTC/day / 1 Farm$hare (0.00015512 LTC/day / 1 Hw$hare)
2014-11-26 – Network difficulty 51792.20751 – 0.00122351 LTC/day / 1 Farm$hare (0.00014921 LTC/day / 1 Hw$hare)
2014-11-27 – Network difficulty 52646.50355 – 0.00120365 LTC/day / 1 Farm$hare (0.00014679 LTC/day / 1 Hw$hare)

Total: 0.00894931 LTC (0.00921779 for 3% bonus shares and 0.00966526 for 3+5% bonus shares)/ 7 days / 1 Farm$hare
Total: 0.01420526 LTC / 7 days / 1 ASIC Share
Total: 0.00071026 LTC / 7 days / 1 Hw$hare

Assuming the last payouts are 0.01420526 for 1 share (7 days), lets use 3000 shares for example:

3000 shares cost about 899$ (today)
0.01420526 * 3000 = 42.61 LTC in 7 days . Thas about 150$ at current LTC price of 3.5$
So its suposed to be 150*4 weeks = 600$ for 1 mouth. BUT
There is a increment of difficulty of 1% EVERY DAY looking at last 6 months (not regular increments)
That means 30% less at the end of the first month: 600$ - 30% = 420$
So second month may be 600-60% = 240$.
And for 3rth month will be only = 600-90% = 60$
That will be about 750$ in 3 months.... still far from 899$ investment.

What I' am doing wrong?
Where is 2 months ROI ?

I'm sry if I am wrong. Just want to be sure how this goes before buy.
Awaiting your comments.

Thanks!

This week I'm receiving LTC instead of BTC. I'll just sell them for BTC but can play a bit with the exchangerate and maybe grab a few percent more. On top of that, I'm keeping all BTC. Only reinvesting in BTC producing stuff atm.

Its a new announcment, the last week payout started at 00:00

if you afford to take the risk then keep them
i think since the difficulty was the same all this week ~52000
the payout would be a little less than previous week.

btc value is 377 usd ,do you sell the bitcoin and encash it in your bank account or holding in wallet?  i want comment

I'm guessing it'll be around 0.013 per share, any other ideas?

TGI FRIDAY!

It's what we believe it is!  PAYDAY FRIDAYYYYYYYY

It is but the time did update! Seen it before that only the time gets updated and the rest later.

Yeah think it is. Or I'm going blind 

It's the old ann, isn't it? Erik ?

"Payments will get executed around 22:00 UTC."

Chris is fast with his updates today! Hopefully the Farm payout stats will get updated early aswell

So far Chris could be mining anything, he pays out based on the theoretical LTC revenue.

With the Asiq shares, you'll mine LTC, which can be converted to new shares or BTC. They're are still disagreements about ltcgear a ponzi or not, but it seems to be that there is actual HW mining for you, just nobody knows for how long it will last, due to all the enormous discounts and all, that's why I'm affraid to buy more, the discounts are really ridiculous.

After one year you will get an offer for an fee to mine for another year, which most will recline, because they got their btc back threefold

I have few more questions:

- That means I can choose in which coin want to get payed for the mining earnings? or I get payed in BTC or LTC?
- Are they always mining LTC? or most ptofitable Scrypt coin?
- When I buy a share for 300.000 Mh, are those "real" 300.000 Mh mining for me, or there are some kind of fees or manteinance or reinvest hidden fees?

Thanks a lot!

Not sure if i should get VTC or BTC today...As long as the price stays up im a happy camper 
cheers

yeah buddy, to the MOON!

Oh ok, makes sense I guess slowly selling them during the week

pm me if you can sell me 3000 shares for 1.85 btc

afaik chris uses some sort of weekly average for the exchange rate