LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!

[marthelo]

ya - what happens to the old shares? nothing i hope- the old shares will still work, right?

[1714765907]

1714765907

[1714765907]

1714765907

[1714765907]

1714765907

[1714765907]

1714765907

[5ick3uffalo]

Ok, I also ordered one of these 295$-packs. It's like the first time smoking
pot on the schoolyard: Out of curiosity what will happen, not so much because
it's a wise thing to do..

If anyone needs single shares, I'm willing to sell them for 0.073 BTC each (ca 27$).
(Don't know yet if they are easily transferable, though.)

i am interested.

But i hope LTC Store, not the official one, the one in my signatures) are selling single 2nd Gen shares also.


(you can buy 10 qasic at 3.25$ there. trustable)

You can buy 10 ASIC for @ $2.40ish, their price is always pretty high.....

brandnew 10 qasic shares (1 MH/s) at 2.40$? where ?

Whats a brandnew share? Is there a difference? They might not be brandnew

after one year, there is a Fee you have to pay for each LTCgear share (about 20-25%)

[rhkazani1]

Ok, I also ordered one of these 295$-packs. It's like the first time smoking
pot on the schoolyard: Out of curiosity what will happen, not so much because
it's a wise thing to do..

If anyone needs single shares, I'm willing to sell them for 0.073 BTC each (ca 27$).
(Don't know yet if they are easily transferable, though.)

i am interested.

But i hope LTC Store, not the official one, the one in my signatures) are selling single 2nd Gen shares also.


(you can buy 10 qasic at 3.25$ there. trustable)

You can buy 10 ASIC for @ $2.40ish, their price is always pretty high.....

brandnew 10 qasic shares (1 MH/s) at 2.40$? where ?

Whats a brandnew share? Is there a difference? They might not be brandnew

after one year, there is a Fee you have to pay for each LTCgear share (about 20-25%)

Correct, so If i send you some shares, arent they considered as new shares for you?

[5ick3uffalo]

Ok, I also ordered one of these 295$-packs. It's like the first time smoking
pot on the schoolyard: Out of curiosity what will happen, not so much because
it's a wise thing to do..

If anyone needs single shares, I'm willing to sell them for 0.073 BTC each (ca 27$).
(Don't know yet if they are easily transferable, though.)

i am interested.

But i hope LTC Store, not the official one, the one in my signatures) are selling single 2nd Gen shares also.


(you can buy 10 qasic at 3.25$ there. trustable)

You can buy 10 ASIC for @ $2.40ish, their price is always pretty high.....

brandnew 10 qasic shares (1 MH/s) at 2.40$? where ?

Whats a brandnew share? Is there a difference? They might not be brandnew

after one year, there is a Fee you have to pay for each LTCgear share (about 20-25%)

Correct, so If i send you some shares, arent they considered as new shares for you?

No.

When i buy your 10 month old shares, i have bought your 10 month old shares.


(please correct me someone if i am wrong here, but thats how i understand LTCGear share system)

[david123]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

[5ick3uffalo]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Hmmm why are so many people asking then about the share age before buying?

When it doensn´t matter at all?

[rhkazani1]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Thats what i thought, I might be wrong.

[marthelo]

will somebody who knows what they are talkining about please address this question.... what happens to the old shares?

[5ick3uffalo]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Thats what i thought, I might be wrong.

you might be wrong. But i am not 100% sure if my version is the right one, too.


All i know is that:


"Power and hosting are included in original price in advance for 12 months. After this period, share owners are required to pay in advance power and hosting for next 12 months."

SO:

And when i sell a 11 months old share to someone , he has 1 month Power and Hosting left for free after that he has to pay in advance if he wants to keep the shares for another year.

Thats how i understand it, and thats why i am buying only new shares (up to 1 week)

[david123]

will somebody who knows what they are talkining about please address this question.... what happens to the old shares?

Nobody here knows anything! Chris was asked multiple times (in the forum, and, I bet, via email) but he
never addressed that question.

Hmmm why are so many people asking then about the share age before buying?

Same reason why many people care about their karma. I might be totally wrong, however,
shares might be precisely marked with their age and people with their karma. It's all
speculation at this point.

[rhkazani1]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Thats what i thought, I might be wrong.

you might be wrong. But i am not 100% sure if my version is the right one, too.


All i know is that:


"Power and hosting are included in original price in advance for 12 months. After this period, share owners are required to pay in advance power and hosting for next 12 months."

SO:

And when i sell a 11 months old share to someone , he has 1 month Power and Hosting left for free after that he has to pay in advance if he wants to keep the shares for another year.

Thats how i understand it, and thats why i am buying only new shares (up to 1 week)

The issue will be there is no way to find out the share age, someone could tell you brandnew but sell you old ones, it will be yet another scam.

Also, wondering how would the system keep age track of hundreds and thousands of shares?

Its doable but very complicated.

[5ick3uffalo]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Thats what i thought, I might be wrong.

you might be wrong. But i am not 100% sure if my version is the right one, too.


All i know is that:


"Power and hosting are included in original price in advance for 12 months. After this period, share owners are required to pay in advance power and hosting for next 12 months."

SO:

And when i sell a 11 months old share to someone , he has 1 month Power and Hosting left for free after that he has to pay in advance if he wants to keep the shares for another year.

Thats how i understand it, and thats why i am buying only new shares (up to 1 week)

The issue will be there is no way to find out the share age, someone could tell you brandnew but sell you old ones, it will be yet another scam.

Also, wondering how would the system keep age track of hundreds and thousands of shares?

Its doable but very complicated.

I´m not too tech savvy but i think technically no problem tag an ID number on each share. It´s nothing more than a data. The database knows exactly when a share was bought and where it was send to user A to user B etc.

When they can land on a comet and on the moon, this should be doable imaho.

LTCGear needs to know when the 12months are over. They can not just guess.


Like i said, i am not 100% sure, too

But i think i know who i can ask and where i buy many people asked and that was the answer most of the times:





And less than a week is OK for me just in case hehe

[david123]

It is also doable to design a fancier web-page, to include 2FA, to avoid the problem of multiple-customers-per-payment-address,  and many other things.
Chris is not the person who cares about such stuff, this is the impression I got after several months of mining
with ltcgear.

I understand the cited sentence as a pure precaution in order not to promise shares valid for a lifetime without any fee.
It is also completely unclear if you bought 10 shares a month ago, buy 10 now and then transfer one. Is this a new share
you transfer or an old one? It makes no sense to have a share age without disclosing such important rules.

If you know who to ask, ask him. You seem to believe you're the first genius who comes up with this issue. I don't bother
to correct you on that again.

[Some1else0]

Hi guys,

I am really sorry I dont visit this old nest more often, but I am busy running between EU and Asia.

About the 40K0 deal - its negative balance for us now, but will bring more customers next week. Also, some people rushed to reserve them, then they cancelled their orders so they were placed back in inventory.
The deal was created after discussion with some affiliate partners which will cover Black Friday week/day.
The new chip will be presented along with an offer to convert old shares (worst power consumption) to new shares (better power, multi coin but with an extra cost.)
This also explains why there is no request for contract renewal from our side.

Cheers,
Chris

He posted this on Litecointalk a week ago or so: https://litecointalk.org/index.php?topic=6401.msg221406#msg221406

That's why he's not worrying about the share age. However, I'm not sure if he's still doing the conversion thing because he also posted on LTCGear that his plan wasn't to unveil Generation II this early. I don't think we'll have to pay though.

[rhkazani1]

This share-age is all esoterics if you ask me. I would bet the shares are not marked
with their age, they are just a number in some database which says how many shares each user
ownes.

Chris never said anything precise about the share-age.

Thats what i thought, I might be wrong.

you might be wrong. But i am not 100% sure if my version is the right one, too.


All i know is that:


"Power and hosting are included in original price in advance for 12 months. After this period, share owners are required to pay in advance power and hosting for next 12 months."

SO:

And when i sell a 11 months old share to someone , he has 1 month Power and Hosting left for free after that he has to pay in advance if he wants to keep the shares for another year.

Thats how i understand it, and thats why i am buying only new shares (up to 1 week)

The issue will be there is no way to find out the share age, someone could tell you brandnew but sell you old ones, it will be yet another scam.

Also, wondering how would the system keep age track of hundreds and thousands of shares?

Its doable but very complicated.

I´m not too tech savvy but i think technically no problem tag an ID number on each share. It´s nothing more than a data. The database knows exactly when a share was bought and where it was send to user A to user B etc.

When they can land on a comet and on the moon, this should be doable imaho.

LTCGear needs to know when the 12months are over. They can not just guess.


Like i said, i am not 100% sure, too

But i think i know who i can ask and where i buy many people asked and that was the answer most of the times:





And less than a week is OK for me just in case hehe

Interesting, you may be right then.

[david123]

the owner of ltcgearstore is just a customer like you and me
except that he was perky enough to exploit the transferability of
shares for his rather dumb "business idea".
he has no special connection to Chris, as far as I know. so he's
also speculating and answers what his customers like to hear.

No offence, but it fits well with your arguments that you offer
the owner of ltcgearstore as some kind of authority.

[rhkazani1]

the owner of ltcgearstore is just a customer like you and me
except that he was perky enough to exploit the transferability of
shares for his rather dumb "business idea".
he has no special connection to Chris, as far as I know. so he's
also speculating and answers what his customers like to hear.

No offence, but it fits well with your arguments that you offer
the owner of ltcgearstore as some kind of authority.

+1

[5ick3uffalo]

the owner of ltcgearstore is just a customer like you and me
except that he was perky enough to exploit the transferability of
shares for his rather dumb "business idea".
he has no special connection to Chris, as far as I know. so he's
also speculating and answers what his customers like to hear.

No offence, but it fits well with your arguments that you offer
the owner of ltcgearstore as some kind of authority.

+1

I know that`s "only" a customer.

But often customers ask about the share age, that made me to believe that it is true what is written on LTVGear Website (12 Months free etc)

[eugene2878]

the owner of ltcgearstore is just a customer like you and me
except that he was perky enough to exploit the transferability of
shares for his rather dumb "business idea".
he has no special connection to Chris, as far as I know. so he's
also speculating and answers what his customers like to hear.

No offence, but it fits well with your arguments that you offer
the owner of ltcgearstore as some kind of authority.

+1

[eugene2878]

Hi guys,

I am really sorry I dont visit this old nest more often, but I am busy running between EU and Asia.

About the 40K0 deal - its negative balance for us now, but will bring more customers next week. Also, some people rushed to reserve them, then they cancelled their orders so they were placed back in inventory.
The deal was created after discussion with some affiliate partners which will cover Black Friday week/day.
The new chip will be presented along with an offer to convert old shares (worst power consumption) to new shares (better power, multi coin but with an extra cost.)
This also explains why there is no request for contract renewal from our side.

Cheers,
Chris

He posted this on Litecointalk a week ago or so: https://litecointalk.org/index.php?topic=6401.msg221406#msg221406

That's why he's not worrying about the share age. However, I'm not sure if he's still doing the conversion thing because he also posted on LTCGear that his plan wasn't to unveil Generation II this early. I don't think we'll have to pay though.

This clearly answers age related question. All of them no matter age will be converted to new Qasics shares. More expensive, but better power.