Topic: Review/Journal/ROI Calc of Litecoin GEAR (LTCGear) | LTC/DRK/VTC mining farm - page 45. (Read 71004 times)
October 10, 2014, 05:17:09 PM
So who is getting a VTC payout today?
October 10, 2014, 05:02:52 PM
So, aside from really bad data for DRK on Monday (which I went in and just edited) which looks like things were being double calculated... here's how the estimates look:
Coin - Estimated/Actual/Difference
LTC 0.01936/0.01924/~ +.0.6218%
FTC 2.74512/2.75732/~ -.0.4434%
VTC 4.67789/4.63828/~ +.0.8503%
DRK 0.11028/0.11149/~ -1.09120%
For me, this is close enough for government work and a crypto-estimate... aside from some very minor tweaks that I made that i'll probably revert back to on LTC... I think i'm calling the estimate portion of things done for now, unless there's some real big calculation error that pops up.
So, I think i'll move onto the ROI tracker-thingy now.
Coin - Estimated/Actual/Difference
LTC 0.01936/0.01924/~ +.0.6218%
FTC 2.74512/2.75732/~ -.0.4434%
VTC 4.67789/4.63828/~ +.0.8503%
DRK 0.11028/0.11149/~ -1.09120%
For me, this is close enough for government work and a crypto-estimate... aside from some very minor tweaks that I made that i'll probably revert back to on LTC... I think i'm calling the estimate portion of things done for now, unless there's some real big calculation error that pops up.
So, I think i'll move onto the ROI tracker-thingy now.
October 10, 2014, 04:35:24 PM
Is the 1 year based on the purchase date? If so, then would people that purchased the contract early on know what the fee will be before the people who recently came on board?
As far as I know, no further info has been given on this... it's one of the things you'll just have to get used to with Chris... things come when they come...
October 10, 2014, 03:50:21 PM
Farm payments page is updated
0.01924225 LTC / 7 days / 1 ASIC Share
0.01924225 LTC / 7 days / 1 ASIC Share
Payments take a while to go through right? I've selected to get my payment converted to shares and they remain the same
are we there yet?
are we there yet?
are we there yet?
are we there yet?
are we there yet?
are we there yet?
are we there yet?
are we there yet?
haha, j/k
Thanks mate
October 10, 2014, 03:47:08 PM
Farm payments page is updated
0.01924225 LTC / 7 days / 1 ASIC Share
0.01924225 LTC / 7 days / 1 ASIC Share
Payments take a while to go through right? I've selected to get my payment converted to shares and they remain the same
October 10, 2014, 03:32:23 PM
Farm payments page is updated
0.01924225 LTC / 7 days / 1 ASIC Share
0.01924225 LTC / 7 days / 1 ASIC Share
Payments take a while to go through right? I've selected to get my payment converted to shares and they remain the same
October 10, 2014, 03:13:54 PM
Farm payments page is updated
0.01924225 LTC / 7 days / 1 ASIC Share
0.01924225 LTC / 7 days / 1 ASIC Share
October 10, 2014, 02:28:08 PM
I was not aware that the qasic shares expire? do they??
Shares are a 1-year contract, there is a "TBD" maintenance fee that will happen at the end of the term... nothing is really known about it other than it might be 5%-20%ish.
Is the 1 year based on the purchase date? If so, then would people that purchased the contract early on know what the fee will be before the people who recently came on board?
October 10, 2014, 10:29:00 AM
Well, as i've mentioned here many times and on the calc itself, the data on the calc is still a work in progress for the more volatile diff coins like DRK & FTC... which is why I didn't cite it. As posted before, new DRK estimating was implemented Mon, so part of the week probably won't be good but waiting to see payout page to see how this new method performed.
Go look back on your own, from like Aug-Mid Sept VTC returns were very nice and DRK were terrible.
Go look back on your own, from like Aug-Mid Sept VTC returns were very nice and DRK were terrible.
I agree that the diff of DRK is pretty hard to track. No offense in my question at all, sorry if you do feel like this.
October 10, 2014, 09:07:50 AM
I was not aware that the qasic shares expire? do they??
Shares are a 1-year contract, there is a "TBD" maintenance fee that will happen at the end of the term... nothing is really known about it other than it might be 5%-20%ish.
October 10, 2014, 08:43:50 AM
I was not aware that the qasic shares expire? do they??
October 10, 2014, 08:01:18 AM
Well, as i've mentioned here many times and on the calc itself, the data on the calc is still a work in progress for the more volatile diff coins like DRK & FTC... which is why I didn't cite it. As posted before, new DRK estimating was implemented Mon, so part of the week probably won't be good but waiting to see payout page to see how this new method performed.
Go look back on your own, from like Aug-Mid Sept VTC returns were very nice and DRK were terrible.
Go look back on your own, from like Aug-Mid Sept VTC returns were very nice and DRK were terrible.
October 10, 2014, 07:38:19 AM
So the dual mod's are worth it if you can catch them in stock?
It's really just a personal choice of strategy... right now 3200 qASICS mining LTC is earning a slight bit more DualMODS.... but the LTC only earnings slowly degrade pretty predictably over time (even with multiplication)...
Until recently VTC has been outperforming everything and DRK was terrible to mine... this week there's more parity between DRK & VTC...
I think it's just a diversification thing... at least for me... plus I like the 2 coins that you get from DualMODs.
Your calc tool says otherwise:
LTC+DRK: 0.6997 BTC/week
LTC+VTC: 0.6016 BTC/week
Some data wrong ?
October 10, 2014, 07:28:34 AM
So the dual mod's are worth it if you can catch them in stock?
It's really just a personal choice of strategy... right now 3200 qASICS mining LTC is earning a slight bit more DualMODS.... but the LTC only earnings slowly degrade pretty predictably over time (even with multiplication)...
Until recently VTC has been outperforming everything and DRK was terrible to mine... this week there's more parity between DRK & VTC...
I think it's just a diversification thing... at least for me... plus I like the 2 coins that you get from DualMODs.
October 10, 2014, 06:51:43 AM
Thank very much for the info! good to know
good to knowNo prob mate
For anyone interested, I also asked Chris about expiring shares, and whether we'll be notified for expiring shares so we can choose to renew them. He told me when time comes we will get an e-mail with details.
October 10, 2014, 01:00:43 AM
aaaaand another question please.
If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6?
Quote
Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%).
If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6?
That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell
Confirmed, it's a round down or int part. 10.6 would net you 10 shares.
Thank very much for the info!
good to know October 09, 2014, 11:48:29 PM
So the dual mod's are worth it if you can catch them in stock?
I have a few, they are a nice addition to the qASICs 
October 09, 2014, 11:00:50 PM
So the dual mod's are worth it if you can catch them in stock?
October 09, 2014, 03:37:25 PM
aaaaand another question please.
If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6?
Quote
Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%).
If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6?
That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell
Confirmed, it's a round down or int part. 10.6 would net you 10 shares.
October 09, 2014, 02:51:45 PM
That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell
will do
Do I need to do something with my ASIC shares after I have boght them? Or do they alredy farming for me?
Go to "My Account", set a "coin choice", that's the coin in which you get your weekly payments:
LTC: if you want to be paid in LTC or FTC. If you pick this option, you'll be paid in LTC if you set an LTC address in the field "Scrypt address (LTC/FTC)" above, or FTC if you set an FTC address there
BTC: your payment is converted to BTC, you need a BTC address in the field "SHA256 address (Bitcoin)", and also I'm guessing, an LTC or FTC address in the field "Scrypt address (LTC/FTC)" which is what your shares will be mining and converting to BTC.
COnvert to shares: your profits are automatically reinvested in new shares at (currently) about 0.00121959 BTC per share if my calculations are not off. I'm asking about rounding of shares in this case
Please someone correct me if there's anything that needs to be corrected here
Jump to: