Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 26. (Read 361398 times)

don´t pay the fee , don´t sell your account. patience is key here , all will be alright,  beekeeper will reward us with nice ASCI hardware

I meant here on the forums. Nevertheless, I'm still considering my options.

I would say that this isnt correct at all and information about this is pretty much a gray area. This was what most people thought before and we all know that Chris decided to give everyone a bill for the maintenance fee at the end of the year not after 1 year of mining.

Everyone who bought at the end of 2014 got this maintenance fee bill as well although the bill was delivered at June due to some nonsense reason from him . With no information about this at all or atleast a statement from Chris, I would assume it will be the end of the year as well so if you pay the fee now, you will get your weekly payout for about 5 more months ( assuming that he doesnt close his ponzi yet )

P.S : I used the word mining there, ponzi is much suitable anyway


No one asked him as well but you know he stated that he was "hacked" but also he gave a lot of nonsense response and never delivered what he promised on time


I totally forgot about this. You can sell your account and that will be the #3 option but the rate for it may be quite low , it could be at 2/10 or 3/10 of the price when you bought them but if you have almost reached your ROI from the weekly payout then this offer is not bad at all. However some people decided to hold off their shares and wait for the Q&A to get more shed of light for the ASIC board spesification ( well at least it is better for them to sell at loss though )

Wow... I realize that it is not a ransom that I am paying, but this...I would have been happy to pay on December 31st, fact is the site was down. Who asked him to pause my account between January-July? I didn't.

This is the point where it got real funny   Actually now I believe it is NOT a ponzi. He simply had the whole farm mining for him alone for 6 months to make extra profit/get back losses. Now he can run a faithful business without any problems. And he made big money by referring to updates etc. Legit. Sweet.

The best course of action is then really to sell my account to get back my initial investment.

that's not how it work's, if you pay the fee, you get one year mining from that Date you payed.

We are not and will not be paid what he owed us. Any amount that he owed us from Middle December 2014 ( for some people ) until June  is gone at this point and there is not much information about this. He promised a Q&A but until now he hasnt delivered that and basically we are stuck with two options

#1 Pay him the fee to get your weekly payout resumed. You will not get the payment from December - June but you will get your weekly payout like usual (before the ponzi collapse). However I am not advising anyone to pay him the fee, do it with your due dilligence because this means you are restarting this ponzi once you pay him

#2 Convert your shares into an unknown ASIC boards which is still a mystery about the spesification and no other information about shipping fee as well

If you wouldn't be paid for Jan-July the amount you'd have to pay for reactivation should lower gradually throughout the year. But that doesn't happen. No hard proof all will be paid, but just logical thinking.

You mean the payment between January-July was paid out first and then next week normal payments continued? Or simply payments continued from the day of payment, getting paid the next week (meaning that I don't get a thing for January-July)?

Actually I am asking how is that possible to get estimation of 3-5 weeks ROI though because I am still "considering" myself to pay him the fee for the small accounts as well. I do a rough count on last week LTC/share "mining" share and it shows that I would actually need 9-11 weeks just to reach ROI for the fee that I am going to pay ( I wonder if this is accurate though )


Yes those have paid the fee got their weekly payment resumed back and the first weekly payment will be on the following week . Though I am not suggesting anyone to pay him the fee but if the idea ever crossed your mind then I suggest you to do it with a very small account just for the sake of tryout

i had already 3 Payouts, next week with payout Number 4 i will ROI.

Hmm, that sounds familiar, but not in a good way  

So you are actually getting payouts on a small account to your balance? Or will start in 2 weeks (week after Friday)?

that's why i said i did that only on accounts with a small fee and not the high fee. (normal fee is 0.017 per q-asic)
i ROI next Week on my small Account. We will see how that work out.
BTW Chris changed with an update last week when mining starts for accounts that pays the fee.
First Payment will be not the next Friday, it will be the following Week.

Im not sure about the 3-5 weeks though after I "paid" him myself. I got a throwaway small account of 50 shares which is a small fee ( I am not suggesting anyone to pay the fee ! ) , made a rough count and this account supposed to get the ROI 9-11 considering the LTC price is stabilizing above 0.01 BTC


Anyone that has paid the fee will get a their weekly payment resumed but their previous owed payment isnt there . Paying the fee means restarting the ponzi and good thing about that is that you are the first one to join the ponzi back if you pay it though. We are back at square one again with all of this stuff, no information of whats going on, empty promises and weekly payment without any information of where it is coming from. Nothing is actually better than seeing him in the jail

I realize it is a bet and I am still considering. As said, if I paid him and got my payments since the start of the year, I'd be in +0,65BTC. I think I have made ROI with my purchase last year anyway...Anything on top of this is a win for me.

So you paid already? Anything happening afterwards?

it's more or less a bet and some people (me including) took the bet if the account has low fee and ROI in 3-5 Weeks.

Exactly! Last year's payments should have been carried out, to balance and this year's mining should continue if the maintenance fee is paid.

Also, "finally", my account was also "cleared". I'm supposed to pay ~0.35 BTC for 206 qASIC shares to continue mining. I did a quick estimate, if I paid him and then got my payouts, that would be 1BTC-0.35BTC for me. Question is if I'd get paid at all

From a logical point of view, it should be expected to get a payout for the months before the maintenance fee was due on the website. Because if it was only for the rest of the year, the fee would go down weekly after the payment run. Or should be at least. Now on that getting paid thing

Showing where the coins mined benefits us nothing. If he was indeed mining this whole time, it will be easy for him to just send out the coins but in fact he hasnt done such things yet .
Another speculation could be that he was indeed mining but due to his greedy nature, he sold more than what he could pay with all his hardware (he sold an ASIC boards before ) .

However some people just cant let go this sad fact and keep on waiting hopelessly to all his promises. Conclusion will be that he is not legit at all and this is a ponzi

He's a professional troll