Topic: Review/Journal/ROI Calc of Litecoin GEAR (LTCGear) | LTC/DRK/VTC mining farm - page 55. (Read 71004 times)

Ok, the addons are a bit confusing! But here's the way it works. If you have qASIC shares already, you can get the DUALMOD M10... which is available.

If you buy that, it will convert 630 shares into Active Mining Shares (these show up as reserved shares in your account).

So you'll have 630 shares to mine either VTC or BTC and will have 970 share (97 MHs) remaining on LTC or FTC.

So you really then just need to decide if you want to get paid in BTC for everything or keep the all the coins. If you want to get paid in BTC, you select that from the Coin Choice dropdown and fill in the address. This method only allows you to mine VTC, but you get a 5% bonus payout.

If you want to keep the coins, select either Scrypt-N (for VTC) or X11 (DRK) and fill in the appropriate addresses.

I think if you're new, you also want that LTC address filled out. You can leave that be... (for me, i'm getting BTC payouts and left both LTC & VTC addresses in my account info)... as long as you choose BTC and have a BTC address, it doesn't matter...

As far as profitability goes... VTC is still more profitable than DRK by a large margin... but you can always check it here:

www.ltcgearcalc.com

Just bought one of the anniversary packs before this split began. Can someone explain how the add-ons work? If I want to mine X11, what do I need to buy to get the 160Mh turned into X11? And, what are people finding to be the most profitable algorithm to mine with ltcgear?

Multiplication factor running soon, pretty curious to see where it lands this time. Last time it was quite large @ 1.5 or so per share from what I saw... I would imagine less this time with the anniversary shares, but still nice to see how stable share multiplications make earnings over time.

I think there's new products on the horizon, as well as a commitment to LTC/DOGE merge mining...which would be sweet...

The multiplier has not been applied yet you will be Ok, it's getting applied 9pm GMT tonight, not much time left guys!

Thanks for the heads up, I thought I would make it before the deadline but I purchased it with an order date of 23rd. I keep on forgetting that I am buying from outside my timezone.

If they don't wish to use your affiliate link, they can also go to this straight link: http://ltcgear.com/product/asic-share-1k6x/

LTCGear are currently running a promo for anyone that does not know see my sig, if you get in quick you will be included in tomorrows 1.35 multiplier.

Well no spreadsheet, but that's why i'm working on the calculator... after I tweak the formulas as needed (will adjust after the upcoming payouts) i'm going to make all of the historical data available from when i started... plus, after this multiplication thing is posted, i'll put up a more detailed breakdown of where I stand after my initial outlay + 1 month of reinvestment into both the anniversary shares and a little more into the Dual Mods...

But in the truest, roughest back of the envelope calculations, i'm still at around 18% (in terms of BTC spent, not dollars) return on total outlay right now when you account last payout + the change leftover from the reinvestment.

Without the pending multiplication, if it keeps earnings around the levels they are for the next couple of months, I think i'm looking at around 5-6 weeks more for full return (with a realistic-ish decline in earnings week over week) which I think is inline with what others have been claiming to around 4-6 weeks or so...

But I also expect it to change drastically whenever VTC switches algos...

anyone done a Spreadsheet of LTCgear profits?

good job!

Ok, here's an early version of an LTCGear Calculator i'm trying to hack my way through! It's very much a work-in-progress, but should make it easier to translate LTCGear products to something understandable! It currently only shows data from the start of the "mining week", which is Saturday to whatever the current day is.

http://www.ltcgearcalc.com/

For an example setting, if you were looking at the 1K6X package (160MHs), enter 1600 into the Total qASIC Shares field.

Then, if you were looking at the modifier to mine DRK/VTC, the Dual Mod M10... you would also enter 630 into the qASIC Active Mining Shares field. The calculator will do all the math (i.e. subtract your Activing Mining Shares), so all you need to do is enter total # of shares you have (or want to have).

From there, you can select your coins in the Scrypt Coin Selection dropdown (if you only enter qASIC shares) and also choose either VTC/DRK from the DualMODs Coin Selection dropdown if you have something in the Active Mining Shares field.

FarmShares are the older product and no longer available. That's there for existing customers to use....

It looks like he's implementing a form of 2FA authentication. Here's what worked for me:

- Try to login as normal, ignore the "Click Here to Enter One Time Password" button for now.
- Nothing will happen when you click the Login Button, just click it once
- Check your email, you get  an email with the subject "One Time Password for Litecoin GEAR"
- Copy the code contained in the email, make sure you don't have extra spaces before/after
- NOW, Click on the "Click Here to Enter One Time Password" button.
- Paste the code from your email
- Click Login
- Seems like at least 50% of the time, it will reject this and say invalid login (i'm guessing there's a time limit to the 2FA passwords)
- Don't do anything, check your mail again, you should have another new code
- Enter the code again
- I've not had any issues past the second attempt following these steps.

Again! Not that intuitive! Also, you'll probably get another 2FA code after you've successfully logged in!

  If anyone got hard time logon LTCGEAR and how do logon to LTCGEAR now?  I was trying to logon so many times and unable to get on.

Well, check back here either sometime today or tomorrow, I should have my online calculator thing online and you can plug in shares and get a sense of the earnings based on real data (i'm pulling from CoinWarz API, but just building an interface based on qASIC, FarmShares and Active Mining Shares). So that might help answer some questions.

I looked at LTCGear for a while before purchasing. There was a point where the DualMod products (combined with qASICs) were offering too good of ROI to not get some while VTC was still Scrypt-N. This was around the same time Hashlets were coming out. I personally just did the math and went with LTCGear first.

I think GAW products are pretty decent and still might buy some in the future, but there are unknowns to Hashlets too....at some point, the maintenance fee will equal or eclipse what a MHs brings in... at that point, i'm sure they'll offer something to adjust that...My main factor was the ability to mine VTC (as it is still very profitable) and the fact that LTCGear promises to multiply your hash power as difficulties increase, hopefully stabilizing your returns.

A con w/ LTCGear at the moment is being locked in to LTC/FTC if you just buy qASICs. The sale price (~$6MHs) still makes it worthwhile, but who knows what it will be in a few months. I should probably put that into my Con list come to think of it. Which is why i'm waiting to see how the share multiplication plays out.

With that said, I think a mistake it's easy to fall into for any product is to blindly reinvest without discipline. It's very easy to look at a calculator and see how much more you'd get paid by dumping all of your earnings back into more. I know I've felt this way.

The thing to keep in mind is a couple months from now, there will always be better products, more cost-effective products and maybe more profitable products to buy. Which is why i'm trying to stick to an actual plan and set aside a percentage of earnings and a "DO NOT BUY MORE UNTIL" date.

   for last week paid of 1k6 36.xx LTC pay out.

A friend of mine brought this up to me today,
I just started looking into it and found this thread...

I am pretty heavy into Hashlet now, and am trying to see if this would be better than just buying more Hashlets...

I understand I dont own a physical miner w Hashlet, but I still get paid, and it's for life...

What do their payouts compare like to GAW and ZenCloud's Hashlet mining system?

I visited their website briefly, and 90% of their stuff seems to be sold out.
I'll keep looking into it, and maybe buy something to do my own Hashlet vs LTCgear comarison.

Ah yes, much better!  I knew my math was off, just wasn't seeing it!  Thanks for the information, so based on that, and last week's payout I get this instead:

3.71699939 VTC * 630 Shares = 2341.7096157 VTC per week based on the latest payout page.  Now when I multiply it by the VTC conversion:

2341.7096157 VTC * .000208 = 0.4870756000656 BTC for the week.

Dividing that into the per day, although I realize it isn't exact since each day's payout during the week was not the same, it is much closer to your number above:

0.4870756000656 BTC / 7 = 0.0695822285808 BTC per day.

Thanks for the information and nice thread!  Just getting started as a noob, so now it is off to figure out how to get a VTC wallet.

Thanks again....

Oh, I think you might be getting confused by me throwing in 31.5MHs as the same thing as shares... which it isn't.... (again, not intuitive!)...

Right now the main product are qASIC shares... 1 share = 100KHs (in scrypt)... so when you buy (let's say) 1K6X package, you get 1600 qASIC shares, which equals 160MHs... the modifier thing, DUAL MOD M10, converts 630 qASIC shares to "Active Mining" shares...

So let's say you have those two products... your account would have 630 Active Mining Shares and 970qASIC shares.

So your 970 qASIC shares are easy to figure out, just divide by 100 to see how many MHs of Scrypt (LTC/FTC) you have, which would be 97MHs.

Now your 630 Active Mining shares can do two things, either mine VTC or DRK. Due to the different algos, those shares translate into the following:

1. If you select VTC, 1 Active Mining share translates to 50khs of mining power (because it's Scrypt-N)
2. If you select DRK, 1 Active Mining share translates to 300khs of mining power (because X11)

So, the 31.5 number I was referring to was just in terms of MHs, not shares. The actual share number you'd use in the farm payout is the number of Active Mining Shares (which in this example was 630).

Does that make sense? Trust me it took me lots of PMs with people to learn it all too.

Everything in your account is based on shares.... I'm working on a web-based calculator specifically for this to help maybe make it easier for people... will post a link in a few days once i'm done.
 

Can you help me with the math, looking at the previous week payment info I see that Total: 3.71699939 VTC / 7 days / 1 ASIC Share.  That is for the last 7 days.

I multiply the 3.71699939 VTC * 31.5 (ASIC Shares) = 117.085480785 VTC per week with the modifier as mentioned above.

Now using their conversion for VTC/BTC of .000208, 117.085480785 VTC * .000208 = 0.02435378000328 BTC per week.  Am I missing something on the math?

Thanks