Topic: Review/Journal/ROI Calc of Litecoin GEAR (LTCGear) | LTC/DRK/VTC mining farm - page 36. (Read 71010 times)

Well, here's my own approach (that was a work in progress from Aug-Sept), i'm sure everyone has something different...

1. Watch Product Cycles
I think this is most apparent in both GAW Primes & LTC Anniv. deals. They both were most productive/profitable when they are released. Unlike GAW, LTCGear stuff holds up much better over time and you get the share multiplication, but even with that Anniv. shares bought now are still down a good % from if you bought earlier. And obviously Primes are a disaster for anyone who didn't get the original low price and flipped them in the market.

This is what i'm trying to use as my own "indicator" to buy more... and you should be able to figure out if something is good or not.

2. Set Up a Reasonable Repurchase/Reinvestment Plan
Since I wasn't 100% comfortable with LTCGear when I started buying, I spread out my purchases over a few weeks. So after the first month (and this was around the time Anniv. shares came out, but almost all of my first month purchases were Dual MOD-based. After that, I arbitrarily decided to reinvest all earnings for the following month and then -try- not to be undisciplined and stop buying.

I think for this, you need to be honest with yourself. Don't set up a plan that says "i'm going to reinvest until I get 20BTC a week payout!!!!!" You'll likely never get there. Set realistic expectations based on your budget.

And going with point #1, I would guess that the most successful investors in anything would probably say it's as much about knowing when not to buy something.

I think in summary, the best advice I would give is if you're somewhat conservative, don't do constant reinvestment but know (or hope) new and better products will always come along in due time, so have money ready for those. I'd rather have a larger sum to spend on the next great product when it comes out.  I mean, you can look at LTCGear old product costs and see how much this rings true.


3. Set Up Multiple Wallets
For me, this has really helped with the discipline thing. I have 3 wallets, one for Savings (do not touch), one as a reinvestment fund (break glass when good product is available) and a "splurge" wallet, where I can just buy stuff with and not feel guilty... whether its converting to cash, getting amazon gift codes on Localbitcoins or even for those times i did break down and buy more shares, having funds separated really has made it easier for me.

It's also helped me feel better about this whole thing to have something to spend/cash out.

I would like to hear this also.

This is a great thread for the new LTCGear user . . . thanks to the OP! 

I am really interested in hearing what type of reinvestment strategy others are using to combat difficulty increases and mining reward declines . . . Beyond the amazing short-term ROI, has anyone been able to find a mid-term balance with a __% reinvestment of weekly rewards into new weekly shares? 

Really hoping to hear what others might be doing.  Thanks. 

  no way to partnership with GAW and GAW gone down hill and hashtalk more trouble now.

ps: anyone on hashtalk now or down one a day for few hrs.

What if his next move is a partnership with GAW...    

Apologies if I just made you do a little puke in your mouth

Pretty sure the new product is/was going to be something based on the new batch of chips he received (i think) in Sept. I don't think there's any real motivation to release something new now due to the success of the Anniversary Shares... so I think it might be a combination of things:

1. He might be putting the new chips to use in selling the Anniv. packs... which would make total sense to me... He won't have a legit contender to his current prices until Dec, so why not just keep selling them.... or at least until the ROI is still pretty good.

2. He should be thinking about timing his new product based on either December when the $5 MH/s asics are available to everyone...or what I hope he's doing is to hold off on an announcement to time it around whenever GAW makes it's next move.. lol.

 

Well it's the FTC market and I would imagine it would stay around where it was.

I doubt about this. Neoscrypt might be easy to implement by Chris, but the market might be too small for him to invest his time.

that new neo scrypt "MOD" could be the new product he was planning on announcing in the near future.

Yes, it's gone for now... Chris said he'll make an official statement about FTC "soon"... but I will assume that if it comes back it would be in a MOD form... all the routines are there if it makes a glorious return.... so just gone, but not forgotten for now.

  yes, FTC was changing to new Algo.

Why did you remove FTC? Is it because of the ALGO change?

Removed FTC from the calc... change your settings if you were mining it, or you'll probably start seeing zero-day returns!

Yay affiliate payouts in a few hours!  Its like getting a refund for having fun in the weekend lol...

btc on sunday and shares on monday

Once a week so far, on Sundays... the week differs from the mining week and has been (so far again) Thur-Wed...

Hey quick question,

How long does it take for the referrals to get paid?

THanks

As long as it's processing it's working... he stopped manually changing them to "complete" in early Sept... Earliest order I can see from Sept. 15 is still processing.

Processing is ok
Beside the contact page you could email him directly to chris at ltcgear dot com.
But he will ignore most of unimportant mails , so only contact him if you really need him for some important tasks. Otherwise if you do have some questions just post here, people will answer.