how big of a chance is there that this is a ponzi scheme?
Some weeks ago I was more sceptical, but by now - as the shares are so profitable - I believe that more money flew out of
the system than was deposited into it. People reinvest, true, but I think the time to pull the plug already went by, if this was a Ponzi.
Anyway, it's all speculation. For me, LTCGear worked out great. I'm deep in the profit zone so it's easy to be relaxed
Exactly my experience. Now I'm enjoying my most profitable investment in crypto.
Do they have a paid signature campaign? If so I have not been able to find it. If they do not (or if they only pay referral commissions (as semi-implied above) then I am surprised that so many are taking the risk of never getting any referral payments, as some people may click on a referral link and then clear their cookies then buy a product (or something similar that results in you not receiving credit for your referral).
The main problem is IMHO many people consider LTCgear has a mad ROI, so they're careful and mostly think it as a scam.
My main issue at first was that their prices were well below what other reputable cloud mining companies are charging.
But the price of cloud mining services is actually the biggest illusion which the huge GAW PR campaign gives you.
How could you be sure that they're giving you the best price ?
Again, I am not discussing GAW, however there is no question that both cloud mining companies and ASIC manufacturers make a profit off of the miners they sell. IDK why anyone would ever think that a manufacturer/reseller of a product would not attempt to sell their product for more then the cost to make the product. You also need to remember that R&D is the biggest part of the cost of a miner, which is not part of the cost to actually build the miner.
Hi Eisenhower34,
ltcgear runs an affiliate campaign, so for every sale you made you get 11% from each completed referred order. It's practically a lot of money because each order is almost a few BTCs worth. That's why a lot of people, include myself have their referrals link in their signature, and offer to give some % back.
Concerning your question about price, look at Bitmain L1 miner, their price is in similar level with ltcgear
Regards,