Topic: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!! - page 53. (Read 361391 times)

Now that would be a story.  Maybe AMHash never had any mining and were simulating mining and backing it up with LTCgear shares.   When LTCgear stopped paying AMHash tanked.  WOW!   

Dude you've got this backwards - many "cloud mining" sites were buying from LTCGear and reselling it as something else. Nice try making up some sort of half-assed story though.

For backup purposes

If you go back and read the AMHash thread, you'll see that as of Dec 8th people were talking about problems with some cloud mining company named hashie?

This was a snowball effect for everyone buying mining services. The whole landscape started having problems at the beginning of December 2014

I don't know much about hashie or AMHash, but if you do your digging it is almost like Chris was buying services from hashie and reselling them as his own?  I don't know.

Anyone have any experience with what happened to hashie or AMHash that can make sense out of what started happening to all these mining clouds during December?

It wasn't just ltcgear that did this..

Quoted Dec 8, 2014 from AMHash1 thread:


A lot of stuff starting happening early December, right till the end.   So I think when Chris got scammed by whatever cloud services he had stock in, he just continued the scam for his own customers.

That's why I continue to believe (until proven otherwise) that this statement is still written by Chris posting as a 3rd person, and it's actually true:

Nope my missing payouts was at least 2 weeks before the 25th.

1) LTCgear was in operation long before AMHash
2) Chris has problems with payments weeks before the stopped.   People being paid in LTC had to wait days
3) There were DDOS attacks and likely other attacks happening

Frankly I don't see much to connect LTCgear to AMHash.

Arguably, this new litecointalk user might be Chris, since what he posted sounds quite plausible and revealing.

(What this user wrote, and the way he signed, is the same as posted on the ltcgear news page)

From Litecointalk, posted Mar 25, 2015 - by newuser archetype:


So if you read it, it appears that Chris got screwed himself.  So rather than be honest about it, he just repeated a similar scam and ran off the the money.  It might have seemed like the easiest and most tempting thing to do...

Right around Dec 25th when the AMHASH problem began, is when ltcgear stopped paying everyone too.  

At least now we know why this probably happened.  It also explains why Chris feels he was forced to do this to everyone.....

All I know is that we need to spot these things before the happen again. I got scammed too by ltcgear.  I did what everyone else was doing.  It seemed like a good investment at the time, and had such a long history.

I didn't realize how quickly it could all fold, and I should have seen it.

If crypto is going to succeed, we need to stop relying on gov't to protect us from making stupid naive investments.  Learn from this like I did.  I hate seeing these kind of scams and everyone running to the police expecting them to fix it for them.

Let's be smarter.  Any ideas how this could have been avoided? Same situation, a cloud mining. But what have we learned here?

Is Cryptsy's "Mintsy" any better?

Is he deemed completely and irreversibly MIA?

People met Friedcat too right?

There are too many people who actually met him. I don't think he's going to be able to disappear it he wanted to.

You don't know that though. He might think he is out of our reach, but as I've said before, there are a lot of very smart (and angry) people out there and nobody can hide completely.

I think it s too late for that. He stopped paying cause he s out of our reach. I think you ll just waste your time and money.

I am quite sure reporting everyone for themselves is not as powerful as a full blown big "report".

Plus the US would be the last place to involve organizations from, unless you live there. European authorities will have to fix this I'm afraid.

Please Join Me in Reporting LTCGear to the authorities, If you know of any other please add, So far I have reported them to here:

http://www.sec.gov/complaint.shtml
http://www.ic3.gov/default.aspx
http://www.actionfraud.police.uk/

Mine is still a few weeks away. Birthday, payday I don't dare to hope about at this point

No btc from LTC Gear for my birthday?

Yup, it's over. The last update was exactly one week ago (March 19th): "Most of balances left in pending mode will be cleaned as late as this weekend."

The week came and went. It's all BS...

It seems it s game over. When was the last time he updated the website?

My guess is that he's buying as much time as possible to funnel the coins and money in different places to hide his tracks.

It's a sad state of affairs.  Hopefully everyone learned from this..

As a community we need to develop better escrow so someone like him doesn't have access to 100% of funds at all times (both fiat and the coins he mined) and be accountable to no one.

If you want sell small ltcgear account. Send me your offer PM.