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Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 253. (Read 361409 times)

legendary
Activity: 1036
Merit: 1005
After purchasing shares can someone tell me;
A. How long before you are part of the farm / getting credit
B. Can you chose to receive payout in Litecoin?
No matter when you join, as soon as your order is on "processing", you get full weekly payouts.
Litecoin is the standard payout method, just make sure you entered a valid address and that
you set the mod payouts to LTC.
member
Activity: 94
Merit: 10
After purchasing shares can someone tell me;
A. How long before you are part of the farm / getting credit
B. Can you chose to receive payout in Litecoin?
full member
Activity: 168
Merit: 100
Looking forward to my first payout Smiley

Strange feeling mining without the heat and noise... lol
hero member
Activity: 938
Merit: 1000
Your website still has the anniversary "special" of selling cloud mining for 80% the list price. I don't see why they would offer such a large discount. Not only that but the original list price is horribly overpriced (~3x as expensive as the competition) and after the "special" is applied the cloud mining is priced well below market value (~65% of what the competition charges).

The list price was one year ago and it's actually a different product (old generation chips). Now the owner has better, more efficient chips so he could offer better price than any competitor in the market. If you're in GAW&co., see their last announcement and a lot of complains from frustrated customers on their site. I never see any frustrating customer at ltcgear. Indeed if you could show me some legit frustrating customer with ltcgear, I could offer you something.
It's a free market. No one forces you to buy something. DYOR before investing your money.
Disclaimer: I'm a very happy ltcgear customer.

What time is usually the payout moment on Friday? It's my first week as a customer so I was wondering when to expect something Smiley

Hi Floris,
According to my experience, the payout will be around 7pm UTC time. Might be some slight delays but not later than midnight you should see your money rolling in Wink. Have fun counting money then. LOL
legendary
Activity: 938
Merit: 1007
What time is usually the payout moment on Friday? It's my first week as a customer so I was wondering when to expect something Smiley
legendary
Activity: 906
Merit: 1002
Your website still has the anniversary "special" of selling cloud mining for 80% the list price. I don't see why they would offer such a large discount. Not only that but the original list price is horribly overpriced (~3x as expensive as the competition) and after the "special" is applied the cloud mining is priced well below market value (~65% of what the competition charges).
hero member
Activity: 693
Merit: 500
It is payday friday people!!!!!!  Cheesy
legendary
Activity: 1050
Merit: 1000
For some weeks, 2Factor Auth is up, so I wouldn't be worried. You could contact
the owner Chris, but usually he answers only critical questions, and probably
only if asked repeatedly. I would't be surprised if he's too busy to answer such
an inquiry..

2Factor with email?

Thanks Ignition and David for your help Smiley
legendary
Activity: 1036
Merit: 1005
For some weeks, 2Factor Auth is up, so I wouldn't be worried. You could contact
the owner Chris, but usually he answers only critical questions, and probably
only if asked repeatedly. I would't be surprised if he's too busy to answer such
an inquiry..
legendary
Activity: 1050
Merit: 1000
Cheers for the replies Smiley

Tier2 collateral for sure, give it a haircut of 30% on valuation.

Whats a Tier2 collateral?


Not as valuable as BTC, which is Tier 1.  So you give a haircut to the value, to show it's not as liquid.

You've already taken care of it with a 50% haircut.

Any chance that the original account might have been hacked? Has there been any reports of accounts being hacked and shares transferred?

Anywhere I can contact them to verify?
sr. member
Activity: 462
Merit: 250
www.dashpay.io
Cheers for the replies Smiley

Tier2 collateral for sure, give it a haircut of 30% on valuation.

Whats a Tier2 collateral?


Not as valuable as BTC, which is Tier 1.  So you give a haircut to the value, to show it's not as liquid.

You've already taken care of it with a 50% haircut.
legendary
Activity: 1050
Merit: 1000
Cheers for the replies Smiley

Tier2 collateral for sure, give it a haircut of 30% on valuation.

Whats a Tier2 collateral?

I am asking for roughly 50% more in share value for my loan.

I suppose you open an account with ltcgear and get the shares transferred. Then I don't see an objection,

Thats what I plan to do.

I am valuing them at 2 BTC/1600 shares. I guess along with the 50% buffer it should suffice even taking in the loss of value (its a 2 weeks loan).

EDIT: Just realised, is it possible that the account may be hacked?

legendary
Activity: 1036
Merit: 1005
I was just offered shares in LTCgear as collateral against a loan request. I have not come across it earlier, so I want to ask whether it violates any kind of terms and conditions? In particular if there is something specific which I need to check out?

Can I easily sell them to recoup my loan in case of default?
I suppose you open an account with ltcgear and get the shares transferred. Then I don't see an objection,
it is ok with the terms and conditions (the owner is known and does allow private trading of shares).
The current value is around 0.5 $ per share, and I believe that if you offer them at a say 5% discount, they should be fairly easy to sell. Today. And next week. But there will be some loss of value over time, difficult to estimate..
sr. member
Activity: 462
Merit: 250
www.dashpay.io
Tier2 collateral for sure, give it a haircut of 30% on valuation.
legendary
Activity: 1050
Merit: 1000
I was just offered shares in LTCgear as collateral against a loan request. I have not come across it earlier, so I want to ask whether it violates any kind of terms and conditions? In particular if there is something specific which I need to check out?

Can I easily sell them to recoup my loan in case of default?
hero member
Activity: 938
Merit: 1000
I have orders 6 weeks old which are still on "processing". I think it is a manual and super-low-priority task of Chris
to put orders from processing to completed  Cheesy

All orders in processing mode are actually completed. It's just a cosmetic bug and I don't think Chris should waste his time to fix it. Wink
As long as payout is made, we could be careless about this Grin

....and it is almost Friday....Smiley))

I wish everyday should be Friday Cheesy
full member
Activity: 141
Merit: 100
Bough 1k6 shares yesterday. The order went through. I have added my bitcoin wallet. Now it shows processing. Is this normal? What else do I need to do?
you are ok as long as it shows 1600 qAsics on right side bar
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
I have orders 6 weeks old which are still on "processing". I think it is a manual and super-low-priority task of Chris
to put orders from processing to completed  Cheesy

All orders in processing mode are actually completed. It's just a cosmetic bug and I don't think Chris should waste his time to fix it. Wink
As long as payout is made, we could be careless about this Grin

....and it is almost Friday....Smiley))
hero member
Activity: 938
Merit: 1000
I have orders 6 weeks old which are still on "processing". I think it is a manual and super-low-priority task of Chris
to put orders from processing to completed  Cheesy

All orders in processing mode are actually completed. It's just a cosmetic bug and I don't think Chris should waste his time to fix it. Wink
As long as payout is made, we could be careless about this Grin
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