LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 213.

eugene2878

member

Activity: 79

Merit: 10

Quote from: david123 on November 23, 2014, 06:18:03 AM

Quote from: Patheos on June 15, 2011, 02:51:48 AM

About the 40K0 deal - its negative balance for us now, but will bring more customers next week.

Can someone explain what this shall mean? Is this to explain why there was quantity -1 showing up for the
40k0 pack or does he say that the shares were sold below the "production cost"??

The shares he sold are not backed up by hardware. So he sold them in advance to get money for new chips. This is my understanding, but I might be wrong.

david123

legendary

Activity: 1022

Merit: 1004

Quote from: Patheos on June 15, 2011, 02:51:48 AM

About the 40K0 deal - its negative balance for us now, but will bring more customers next week.

Can someone explain what this shall mean? Is this to explain why there was quantity -1 showing up for the
40k0 pack or does he say that the shares were sold below the "production cost"??

ellave

sr. member

Activity: 434

Merit: 250

Quote from: geetash on November 22, 2014, 11:32:21 PM

Chris made some comments this morning on litecointalks about the mega pack and new gen chips.

Quote from: Patheos on June 15, 2011, 02:51:48 AM

Hi guys,

I am really sorry I dont visit this old nest more often, but I am busy running between EU and Asia.

About the 40K0 deal - its negative balance for us now, but will bring more customers next week. Also, some people rushed to reserve them, then they cancelled their orders so they were placed back in inventory.
The deal was created after discussion with some affiliate partners which will cover Black Friday week/day.
The new chip will be presented along with an offer to convert old shares (worst power consumption) to new shares (better power, multi coin but with an extra cost.)
This also explains why there is no request for contract renewal from our side.

Cheers,
Chris

Interesting

geetash

full member

Activity: 141

Merit: 100

Chris made some comments this morning on litecointalks about the mega pack and new gen chips.

Quote from: Patheos on June 15, 2011, 02:51:48 AM

Hi guys,

I am really sorry I dont visit this old nest more often, but I am busy running between EU and Asia.

About the 40K0 deal - its negative balance for us now, but will bring more customers next week. Also, some people rushed to reserve them, then they cancelled their orders so they were placed back in inventory.
The deal was created after discussion with some affiliate partners which will cover Black Friday week/day.
The new chip will be presented along with an offer to convert old shares (worst power consumption) to new shares (better power, multi coin but with an extra cost.)
This also explains why there is no request for contract renewal from our side.

Cheers,
Chris

Pistachio

legendary

Activity: 1456

Merit: 1000

In case anyone wants to exchange a few shares for a physical bitcoin, check out this auction https://bitcointalksearch.org/topic/m.9612871. I am accepting LTCgear shares for payment at $3/btc per Mh.

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: ralexvalex on November 22, 2014, 07:39:57 PM

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

What about ltc? Can somebody confirm ltc money used in payments are actually mined?

I traced my payout in LTC to these accounts
http://bkchain.org/ltc/address/LcWi3mp525gVmqXE1GEb2q7rseemZmR5iK
http://bkchain.org/ltc/address/LNXvYNvkVnZV3XbFGMfChVKKyo9EXKb5Tf

and many others, they all interconnected, but if you go deeper, to say this one
http://bkchain.org/ltc/address/LLs5trRJuTQabeRnm9NsSDV83ZaSWgZWGh
it will lead to

ce5a94f48074c6d9d0ed99c81bbd91705a1c6c8040da522efa73e00c1621582d Size: 168 bytes Fees: 0.0 LTC
2014-11-23 00:04:08 Coinage destroyed: 0.000000 LTC days
New Coins (Mining) 50.0 LTC
50.0 LTC
LLs5trRJuTQabeRnm9NsSDV83ZaSWgZWGh 50.0 LTC
50.0 LTC

Looks like his legit...

It's a pool wallet. A lot of people tried to track it before but it's no way to tell that this a fresh minted coin or not. With his scale now, the task is even more difficult. If Chris doesn't make public statement, I suggest that you shouldn't waste your time Wink

ralexvalex

sr. member

Activity: 256

Merit: 250

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

What about ltc? Can somebody confirm ltc money used in payments are actually mined?

I traced my payout in LTC to these accounts
http://bkchain.org/ltc/address/LcWi3mp525gVmqXE1GEb2q7rseemZmR5iK
http://bkchain.org/ltc/address/LNXvYNvkVnZV3XbFGMfChVKKyo9EXKb5Tf

and many others, they all interconnected, but if you go deeper, to say this one
http://bkchain.org/ltc/address/LLs5trRJuTQabeRnm9NsSDV83ZaSWgZWGh
it will lead to

ce5a94f48074c6d9d0ed99c81bbd91705a1c6c8040da522efa73e00c1621582d Size: 168 bytes Fees: 0.0 LTC
2014-11-23 00:04:08 Coinage destroyed: 0.000000 LTC days
New Coins (Mining) 50.0 LTC
50.0 LTC
LLs5trRJuTQabeRnm9NsSDV83ZaSWgZWGh 50.0 LTC
50.0 LTC

Looks like his legit...

EDIT: He could be buying LTC from miner though. LOL. I guess we'll have to wait and see how this ends. BTC funds are distributed to shareholders for sure.

CryptoGuu

sr. member

Activity: 321

Merit: 250

selling brand new shares at

https://bitcointalksearch.org/topic/m.9582446

3$/MH

good feedback from 20+ people.

david123

legendary

Activity: 1022

Merit: 1004

Why damn? Independent of whether Chris is a honorable businessman or a scammer,
it's not so surprising that he has a large stash sitting somewhere..

POM

sr. member

Activity: 547

Merit: 254

Quote from: eugene2878 on November 22, 2014, 02:33:00 PM

Quote from: brightemo on November 22, 2014, 01:48:37 PM

Quote from: david123 on November 22, 2014, 01:03:26 PM

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

Just for today and yesterday guy sold 14th Mega packs.

How can you trace that??

Stock levels from 2014-11-21 23:37:47 UTC to 2014-11-22 18:25:31 UTC went roughly like this:

3,2,3,2,3,2,1,4,5,0,2,1,-1,2,0,2,0,-1,2,1,0,-1,1,0,2,1,0,4,3,2,1,-2,-3,3,1,0,-1,1,0,1,0,5,4,3,2,1

No idea how you are supposed to tell how many actually sold though...

https://www.blocktrail.com/BTC/tx/7c78e202f11b645131c976ab9305c091f4c269f0e86fbe7cbf49ed9fc3b80dcb

Damn...

AizenSou

hero member

Activity: 938

Merit: 1000

Quote from: eugene2878 on November 22, 2014, 02:33:00 PM

Quote from: brightemo on November 22, 2014, 01:48:37 PM

Quote from: david123 on November 22, 2014, 01:03:26 PM

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

Just for today and yesterday guy sold 14th Mega packs.

How can you trace that??

Stock levels from 2014-11-21 23:37:47 UTC to 2014-11-22 18:25:31 UTC went roughly like this:

3,2,3,2,3,2,1,4,5,0,2,1,-1,2,0,2,0,-1,2,1,0,-1,1,0,2,1,0,4,3,2,1,-2,-3,3,1,0,-1,1,0,1,0,5,4,3,2,1

No idea how you are supposed to tell how many actually sold though...

https://www.blocktrail.com/BTC/tx/7c78e202f11b645131c976ab9305c091f4c269f0e86fbe7cbf49ed9fc3b80dcb

Wow. so 15 megapacks were sold since last night.
But I notice that the number of small packs is much lower. People just want to buy the big pack in group buy now.

eugene2878

member

Activity: 79

Merit: 10

Quote from: brightemo on November 22, 2014, 01:48:37 PM

Quote from: david123 on November 22, 2014, 01:03:26 PM

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

Just for today and yesterday guy sold 14th Mega packs.

How can you trace that??

Stock levels from 2014-11-21 23:37:47 UTC to 2014-11-22 18:25:31 UTC went roughly like this:

3,2,3,2,3,2,1,4,5,0,2,1,-1,2,0,2,0,-1,2,1,0,-1,1,0,2,1,0,4,3,2,1,-2,-3,3,1,0,-1,1,0,1,0,5,4,3,2,1

No idea how you are supposed to tell how many actually sold though...

https://www.blocktrail.com/BTC/tx/7c78e202f11b645131c976ab9305c091f4c269f0e86fbe7cbf49ed9fc3b80dcb

david123

legendary

Activity: 1022

Merit: 1004

Crazy.. But probably quite insignificant when compared to the sales of the 1k6 anniversary pack.
Not everyone has the 30+ BTC handy for this big pack.

brightemo

jr. member

Activity: 129

Merit: 1

Quote from: david123 on November 22, 2014, 01:03:26 PM

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

Just for today and yesterday guy sold 14th Mega packs.

How can you trace that??

Stock levels from 2014-11-21 23:37:47 UTC to 2014-11-22 18:25:31 UTC went roughly like this:

3,2,3,2,3,2,1,4,5,0,2,1,-1,2,0,2,0,-1,2,1,0,-1,1,0,2,1,0,4,3,2,1,-2,-3,3,1,0,-1,1,0,1,0,5,4,3,2,1

No idea how you are supposed to tell how many actually sold though...

david123

legendary

Activity: 1022

Merit: 1004

Quote from: eugene2878 on November 22, 2014, 12:58:53 PM

Just for today and yesterday guy sold 14th Mega packs.

How can you trace that??

eugene2878

member

Activity: 79

Merit: 10

Quote from: boy2k on November 21, 2014, 05:42:12 PM

Quote from: brightemo on November 21, 2014, 05:06:45 PM

ASIC share 40K0 – Black Friday “Mega” Pack
~~$43,800~~ $12,799

ASIC Shares, 4000000KHs.

40000 shares for $12,799 = $0.319975 / share
4000 MH for $12,799 = $3.19975 / MH

wtf... is this a joke?

Hopefully not. The guy sold already mega pack for over 160000 and still selling. Not taking into consideration all of the shares he sold during the year. Just for today and yesterday guy sold 14th Mega packs. And he has got 722 on one of his many bitcoin wallets from recent sales. Obviously he does not need to buy btc for payouts. What about ltc? Can somebody confirm ltc money used in payments are actually mined?

lifeforcepools

sr. member

Activity: 616

Merit: 253

I just wanted to follow up and let folks know that Chris at ltcgear got back to me - found the shortage in my payment and fixed it and got my balance paid out.

thanks Chris!

Oldminer

legendary

Activity: 1022

Merit: 1001