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JTB800
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October 01, 2014, 09:57:25 AM |
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Why are they asking for a name and address? I thought these were "shares" of the cloud mining operation.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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dyask
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October 01, 2014, 09:59:24 AM |
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Why are they asking for a name and address? I thought these were "shares" of the cloud mining operation.
I think it is in case you buy with a CC. I don't think the address really matters if you pay with BTC. You just have to put something to get to the payment screen. |
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Minerjoe (OP)
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October 01, 2014, 10:55:26 AM |
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Why are they asking for a name and address? I thought these were "shares" of the cloud mining operation.
This is a left over from their previous operation when they used to make and deliver non-cloud physical miners. So do not bother with that, you can fill in whatever you like. Once you purchase and you order gets confirmed (processing sign) your miner ll start immediately hashing. |
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MemCiD
Member
 Offline
Activity: 70
Merit: 10
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October 01, 2014, 11:03:16 AM |
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Why are they asking for a name and address? I thought these were "shares" of the cloud mining operation.
This is a left over from their previous operation when they used to make and deliver non-cloud physical miners. So do not bother with that, you can fill in whatever you like. Once you purchase and you order gets confirmed (processing sign) your miner ll start immediately hashing. Yeah, name and address is completely irrelevant. |
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JTB800
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October 01, 2014, 11:45:51 AM |
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Why are they asking for a name and address? I thought these were "shares" of the cloud mining operation.
This is a left over from their previous operation when they used to make and deliver non-cloud physical miners. So do not bother with that, you can fill in whatever you like. Once you purchase and you order gets confirmed (processing sign) your miner ll start immediately hashing. Oh, ok. Thank you (and the others) for answering the question. I almost just skipped the whole thing. In the crypto world my trust level is near zero and giving personal information to some website was not something I was anxious to do! |
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Pistachio
Legendary
Offline
Activity: 1456
Merit: 1000
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October 01, 2014, 01:33:07 PM |
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I see a lot of people going to BTCjam and similar lending websites to raise money to buy LTCgear shares. How long does this usually take? Has anyone had any success with this?
I don't think it is a good idea to do any kind of group buy for these shares. It adds significant risk for everyone involved and could lead to prolonged legal disputes. The weekly payments are real (so far) as listed on the website. |
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brioche
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October 01, 2014, 05:39:54 PM |
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I see a lot of people going to BTCjam and similar lending websites to raise money to buy LTCgear shares. How long does this usually take? Has anyone had any success with this?
I don't think it is a good idea to do any kind of group buy for these shares. It adds significant risk for everyone involved and could lead to prolonged legal disputes. The weekly payments are real (so far) as listed on the website. I haven't any problems doing group buys or even just buying individual shares. I'd suggest heading over to litecointalk and checking the Services section if your interested in getting small batches of shares. As for BTCJam, as of Monday evening I successfully got my loan funded for purchasing LTCGear Shares.  so it does work |
＼ ＼ ＼ ＼＼＼＼＼＼＼＼＼＼＼＼＼＼＼＼◥◣◢◤／／／／／／／／／／／／／／／／ ／ ／ ／
❖ North Carolina ❖ First in Flight ❖ ／ ／ ／ ／／／／／／／／／／／／／／／／◢◤◥◣＼＼＼＼＼＼＼＼＼＼＼＼＼＼＼＼ ＼ ＼ ＼ |
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Pistachio
Legendary
Offline
Activity: 1456
Merit: 1000
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October 01, 2014, 06:15:33 PM |
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I see a lot of people going to BTCjam and similar lending websites to raise money to buy LTCgear shares. How long does this usually take? Has anyone had any success with this?
I don't think it is a good idea to do any kind of group buy for these shares. It adds significant risk for everyone involved and could lead to prolonged legal disputes. The weekly payments are real (so far) as listed on the website. I haven't any problems doing group buys or even just buying individual shares. I'd suggest heading over to litecointalk and checking the Services section if your interested in getting small batches of shares. As for BTCJam, as of Monday evening I successfully got my loan funded for purchasing LTCGear Shares. so it does work Do you transfer the ltcgear shares directly to the participants? My concern is mainly if someone holds everyone's shares and something goes wrong (lost, stolen, or ltcgear disappears). Then they are on the hook for the entire amount. |
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orenjuice5
Newbie
Offline
Activity: 42
Merit: 0
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October 01, 2014, 06:34:15 PM |
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Usually the way group buy works is someone pays LTCgear get the shares and then send the shares to all the people of the group.
I was part of 3 buy groups and everything was great. Then I finally decided to buy 1600 shares on my own yesterday...
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organizer
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October 01, 2014, 08:42:55 PM |
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Do you transfer the ltcgear shares directly to the participants?
My concern is mainly if someone holds everyone's shares and something goes wrong (lost, stolen, or ltcgear disappears). Then they are on the hook for the entire amount.
As for the transfer, it's a pretty straightforward process.... in your account area, you can transfer X shares to someone by their username... so the distribution would be pretty straightforward... As for the second part... that can really be applied to anything crypto, exchanges, preorders, escrow, whatever... it all works... until it doesn't! |
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MemCiD
Member
Offline
Activity: 70
Merit: 10
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October 01, 2014, 11:55:11 PM |
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Theres always risk in anything you do.
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Minerjoe (OP)
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October 02, 2014, 06:03:48 AM |
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Tomorrow we get paid. I think I ll get myself one more 1K6X pack today, was lucky with some other investments this week.
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POM
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October 02, 2014, 11:55:54 AM |
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Tomorrow we get paid. I think I ll get myself one more 1K6X pack today, was lucky with some other investments this week.
I LOVE PAYDAYS |
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tom99
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October 02, 2014, 01:16:55 PM |
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Tomorrow we get paid. I think I ll get myself one more 1K6X pack today, was lucky with some other investments this week.
I LOVE PAYDAYS me too. |
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MemCiD
Member
Offline
Activity: 70
Merit: 10
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October 02, 2014, 04:22:47 PM |
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Tomorrow we get paid. I think I ll get myself one more 1K6X pack today, was lucky with some other investments this week.
I LOVE PAYDAYS me too. Hopefully I get my affiliate payment too! I have to pay out like 80% to people who used my link :p |
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ChristopherWalken
Newbie
Offline
Activity: 12
Merit: 0
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October 02, 2014, 04:55:58 PM |
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how does the LTCGear cloud mining service compare to GAWminers hashlets?
according to GAW they have ZEN pool that has 50% better returns than any other scrypt pool available
i think the ROI for GAW is now well over 70 days though...
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crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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October 02, 2014, 06:08:28 PM |
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how does the LTCGear cloud mining service compare to GAWminers hashlets?
according to GAW they have ZEN pool that has 50% better returns than any other scrypt pool available
i think the ROI for GAW is now well over 70 days though...
GAW cannot be compared to LTCgear. LTCgear ROI is about 5 weeks at the moment. |
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MemCiD
Member
Offline
Activity: 70
Merit: 10
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October 02, 2014, 06:31:57 PM |
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GAWMiners have virtual miners(whatever that is), LTCGear have actual hardware miners.
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bitgeek
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October 02, 2014, 07:08:02 PM |
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GAWMiners have virtual miners(whatever that is), LTCGear have actual hardware miners.
Not true, GAW calls their shares virtual miners, because they are upgradable and tradable. The hardware behind them is as real as any other. |
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tom99
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October 02, 2014, 07:54:35 PM |
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someone sold 100+ Zen hashlets mistake for about 20 usd and 2nd day row by miners.
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