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Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 30. (Read 361398 times)

legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
What are you people talking about? Characteristics of what? Miners? What miners?
hero member
Activity: 812
Merit: 1000
I just logged in and got a message that 47 pre-gen 2 units converted to 1 ASIC unit and there are 23 2nd Gen shares left.

as above regarding the specs which we don't know, well we know at least one thing: each 10 shares are the equivalent of 30 Radeon 290 Lyra2RE .

So his 1 unit ASIC must be 47/30 = 1.5 x 30 = 45 MHs = one 50 MHs unit from Alpha Tenchology Viper (Alpha-t.net):

https://alpha-t.net/product/scrypt-asic-miner/

The 50 MHs unit is underperforming according to tests and is running at 45 MHs

But the problem is: 2nd Gen were supposed to run Scrypt and X11, the Vipers run only X11.

I'd like to wait and see how this unfolds, still going to lodge the application with the Police against unknown and will unofficially name Chris as suspect: leaves the door open for their investigations.

Sorry the account is not for sale anymore.

you mean Vipers run only scrypt.
are there any asics for X11 yet?
member
Activity: 77
Merit: 10
I just logged in and got a message that 47 pre-gen 2 units converted to 1 ASIC unit and there are 23 2nd Gen shares left.

as above regarding the specs which we don't know, well we know at least one thing: each 10 shares are the equivalent of 30 Radeon 290 Lyra2RE .

So his 1 unit ASIC must be 47/30 = 1.5 x 30 = 45 MHs = one 50 MHs unit from Alpha Tenchology Viper (Alpha-t.net):

https://alpha-t.net/product/scrypt-asic-miner/

The 50 MHs unit is underperforming according to tests and is running at 45 MHs

But the problem is: 2nd Gen were supposed to run Scrypt and X11, the Vipers run only X11.

I'd like to wait and see how this unfolds, still going to lodge the application with the Police against unknown and will unofficially name Chris as suspect: leaves the door open for their investigations.

Sorry the account is not for sale anymore.
legendary
Activity: 1246
Merit: 1024
Everyone should wait until balances have cleared regardless of which option they choose.  No reason to convert yet, or pay the fee. Just wait for more information to make an educated decision. 

I don't think it is a grab to collect "shipping fees".

There will never be any "cleared" balances. After six months of lies and broken promises you do not understand that. Everything since December has only, and will remain so, a money grab. WTF would he pay anyone anything. There are no Gen 2 units and he is trying to make everyone take delivery of his outdated, useless hardware that would lose you more money if you attempted to mine with it.
legendary
Activity: 1174
Merit: 1001
So in my account it shows this:

1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

Can any1 tell me what it means? lol

Thanks!

You could, if you would choose that option, be able to swap those shares for 1 ASIC unit. Details on those units we're expecting soon. Ish. Within a few weeks at best Wink

I hope I am wrong, but I feel this is a way to collect "shipping fees" and never send out a product... that way we get DOUBLE SCAMMED!

Wait and see what will happen. If you want to be on the safe site, wait unit the Balances have cleared.
I think a lot of people will pay the Shipping fee, so you will see what happen, before you need to pay.

Everyone should wait until balances have cleared regardless of which option they choose.  No reason to convert yet, or pay the fee. Just wait for more information to make an educated decision. 

I don't think it is a grab to collect "shipping fees".
legendary
Activity: 2562
Merit: 1414
How can someone choose to convert without knowing the specs of the hardware your converting to or the shipping costs i just dont get that at all.

Most people are losing hope and this ASIC conversion is some kind of shed of light in this cloudy days which is why most people convert it without hesitation at least. With constant dissapointment from Chris and also people willing to buy your shares for 1/10 of when you bought it then it gives no choice but to "accept" this conversion rather than paying a silly fees.

Even with knowing the specs and stuff, I doubt mining at home will be profittable and also that most people that are into "cloudmining" actually knows nothing about setting up their own hardware and mine for themselves.
I have doubt myself that Chris will be willing to pay the shipping fee because there is no reason for him to pay the shipping fee considering that he give us a nonsense bill to pay, plus that people have no concern over giving their address to such scammer like him.

Such an irony indeed that I see people are still anticipate his Q&A with no effort to force him to do the Q&A ASAP ( he promised this Q&A like 3 weeks ago ). I'd be knocking on his front door by now if I am in Romania
hero member
Activity: 812
Merit: 1000
well, since this is a scam ponzi, i wonder if ASICs really exist! Shocked
legendary
Activity: 2020
Merit: 1041
Hard for me to convert 1 ASIC unit(s) reserved when i not even know what it is?

My electric cost is high and i not even want to mine with hardware. Only mining PoS coins myself , i bought shares to let "cloudmining" LTCGEar the job for me and : LTC only.
Now i have to pay Fee with BTC.

And now i have to do the job myself with they sending me  hardware ?

All the heat, noise, costs, stress ? LoL i better buy my coins myself , just send me my LTC (or 6.5 BTC)

+1

How can someone choose to convert without knowing the specs of the hardware your converting to or the shipping costs i just dont get that at all.
legendary
Activity: 994
Merit: 1000
Hard for me to convert 1 ASIC unit(s) reserved when i not even know what it is?

My electric cost is high and i not even want to mine with hardware. Only mining PoS coins myself , i bought shares to let "cloudmining" LTCGEar the job for me and : LTC only.
Now i have to pay Fee with BTC.

And now i have to do the job myself with they sending me  hardware ?

All the heat, noise, costs, stress ? LoL i better buy my coins myself , just send me my LTC (or 6.5 BTC)
legendary
Activity: 1456
Merit: 1014
So in my account it shows this:

1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

Can any1 tell me what it means? lol

Thanks!

You could, if you would choose that option, be able to swap those shares for 1 ASIC unit. Details on those units we're expecting soon. Ish. Within a few weeks at best Wink

I hope I am wrong, but I feel this is a way to collect "shipping fees" and never send out a product... that way we get DOUBLE SCAMMED!

Wait and see what will happen. If you want to be on the safe site, wait unit the Balances have cleared.
I think a lot of people will pay the Shipping fee, so you will see what happen, before you need to pay.
full member
Activity: 257
Merit: 100
So in my account it shows this:

1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

Can any1 tell me what it means? lol

Thanks!

You could, if you would choose that option, be able to swap those shares for 1 ASIC unit. Details on those units we're expecting soon. Ish. Within a few weeks at best Wink

I hope I am wrong, but I feel this is a way to collect "shipping fees" and never send out a product... that way we get DOUBLE SCAMMED!
legendary
Activity: 938
Merit: 1007
So in my account it shows this:

1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

Can any1 tell me what it means? lol

Thanks!

You could, if you would choose that option, be able to swap those shares for 1 ASIC unit. Details on those units we're expecting soon. Ish. Within a few weeks at best Wink
full member
Activity: 257
Merit: 100
So in my account it shows this:

1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

Can any1 tell me what it means? lol

Thanks!
legendary
Activity: 1246
Merit: 1024
my guess is, that this will in regards to power consumption etc. a big disappointment and not worth the shipping.
I hope i'm wrong.

Of course that is the case or the scammer piece of shit would not be parting with the boards.
member
Activity: 77
Merit: 10
Best offer so far I got was 0.7 BTC (not saying who)

Offer on what exactly?

His Account Wink
70 Gen 2s, btw someone offered 0.85BTC with escrow, waiting for 1+ offer Wink
legendary
Activity: 1456
Merit: 1014
my guess is, that this will in regards to power consumption etc. a big disappointment and not worth the shipping.
I hope i'm wrong.
legendary
Activity: 938
Merit: 1007
Quote
Your shares and mods can be converted into 9 ASIC unit(s).
One asic unit is minimum number of chips mounted to boards which can be shipped.
Board characteristics, opting for conversion deadline, shipping and other details are available via news or Q&A sessions.

 
Conversion details:
 
9 ASIC unit(s) reserved

32680 ASICShares converted
40 2nd Gen pre-shares converted.

So 9 "units".

We'll have to wait for the Q&A regarding what the fuck I'm actually buying Wink
fhh
legendary
Activity: 1206
Merit: 1000
good question:)

if we take the 4k qASICs that are exchanged for one as reference it should be 4000x100kHs

maybe less nobody knows!

Q&A may bring more light into this Roll Eyes

and also shipping of the units will

more questions:
power consuption
power supply
noise
formfactor
stand alone or host necessary
mining software
...


and when will they be shipped?
just converted one unit so I'll find out ... maybee
legendary
Activity: 994
Merit: 1000
What are those ASIC boards` specs?

Hard to convert anything when i don´t know what i am buying  Roll Eyes

Conversion details:
 
1 ASIC unit(s) reserved

3170 ASICShares converted
10 2nd Gen pre-shares converted.

0 FarmShares left
0 HWShares left
650 ASICShares left
0 2nd Gen pre-shares left
0 X11 MOD M1 left
0 X11 MOD M2 left
0 Dual MOD M1 left
0 Dual MOD M2 left
0 Dual MOD M8 left
0 Dual MOD M10 left
0 Dual MOD M3 left.
newbie
Activity: 17
Merit: 0
Quote
Maintenance for two hours.

Should be info on the site anytime soon about the exchange options for physical hardware.

Sure and then another 6 months until anyone receive anything and in about 1 year from now we will receive 1/4 of our balances and beelievers wil say look it was not a scam he payed!

Not getting paid is not entirely true. He has started paying people after they paid the fee, he resetted their accounts and started weekly payments again.

with all the payments from december 2014? or from now on?
if it is the first, why didn't just keep the fees from those payments instead?

No, he's restarted the weekly payments. At this point he is still busy with the sync, my guess would be that at least last years missing payments will be shown once that's done.

You actually believe he is still 'busy with a sync', no disrespect but are you a moron or just trying to keep positive? He is a compulsive liar, has never met anything he has said in the last 6 months and continues to ignore the fact he owes us money from decemeber. Who gives a fuck if hes paying recently renewed shares, I guarantee that stops before they reach the amount they paid. As long as the site looks like its functioning people will hold hope, pay fees and in the eyes of the law it looks legitimate.
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