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

[Dophoeve]

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

off-topic
Bullsh*t, I hardly believe you ever been in Romania if you claim this. Yes the majority of the country is poor, yes the infrastructure sucks, yes the houses are built from scratch. But the first living facilities are pretty much equal in price as in Western Europe, or USA. People make a small 400 EUROs/month, working their ass of 6 days in a week. Having $200,000 you are able to retire for 20 years maybe, but after that your moneys gone. Eastern Europe countries are countries in development, but don't underestimate the conditions these people are living in.
on-topic

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[CrazyLoaf]

Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.

more like 10 times that.

off-topic
Bullsh*t, I hardly believe you ever been in Romania if you claim this. Yes the majority of the country is poor, yes the infrastructure sucks, yes the houses are built from scratch. But the first living facilities are pretty much equal in price as in Western Europe, or USA. People make a small 400 EUROs/month, working their ass of 6 days in a week. Having $200,000 you are able to retire for 20 years maybe, but after that your moneys gone. Eastern Europe countries are countries in development, but don't underestimate the conditions these people are living in.
on-topic

Yeah, I wasn't meaning retire *forever*. Just long enough to chill and work on other scams to make money

[tonygal]

...

Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

He is in fact a genius. He did not suck at phase 1. He made sure we got the impression he's terrible at keeping to deadlines. This way we didn't pick up the pitchforks too soon during phase 3

Hehe, that is plausible

I still don't think that this was planned as a scam from the beginning.. How does the existence of the hardware fit into
this? Probably he turned mad at some later point, but I don't believe that the sale and shipping of the scriptor was part
of such a phase 1..

[dyask]

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example!   I have never seen a scam that was remotely close to that.   When the scanner run they hide.

[bubbaj]

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

[5ick3uffalo]

That´s sadistic what LTCGear is doing with us.


Just take the fu.cking website offline pls

[5ick3uffalo]

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

Agree LTCGear and GAW hurt crypto so much.

I really hope they don´t get away with it - but they will.

It´s sad.

[verloren]

This is probably the second best scam in Crypto history, the best one though goes to GAW, sell imaginary hardware, increase price, pay back a little and then let people mine for worthless tokens that cost GAW nothing, now that is brilliance.

How about Gox/BFL?

[chennan]

There is another scam. The FriedCat claims the 3.546PH AMHash's hashrates have disappeared and the hardware was robbed by its partner of mining farm. What a funny story! Have you ever heard the mining rigs was missing from the mining farm?

[david123]

There is another scam. The FriedCat claims the 3.546PH AMHash's hashrates have disappeared and the hardware was robbed by its partner of mining farm. What a funny story! Have you ever heard the mining rigs was missing from the mining farm?

But friedcat is a member as reputable as it gets, right? And sure robbery occurs.
Did he provide proofs, like a police statement etc? Plus: His farm should be
insured against such things..

[Danz0r77]

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example!   I have never seen a scam that was remotely close to that.   When the scanner run they hide.

HashProfit - Their website still says they are working on it
PBMining - Paying out tiny amounts to stay protected
GAW - I'm sure you know all about this

Phase 3 will last as long as it needs to until all investors have accepted the loss.

All the above are pretty much accepted as scams by most people in the community, but for some reason LTCGear is not, even though they are in the exact same situation.

I agree probably the majority of scams involve the perpetrator just running and hiding - but it all depends how many people / how much money is involved.

[shulio]

We've seen from a few posters on LTCTalk that some never received the hardware they ordered, and instead received shares in the farm.

CrazyLoaf, the best scams happen in phases. Phase 1, build confidence. He sucked at that, but he managed it somehow. Phase 2, pull in as much money as possible. Phase 3, stop payments but act like you're working on restoring them.

Name an example!   I have never seen a scam that was remotely close to that.   When the scanner run they hide.

HashProfit - Their website still says they are working on it
PBMining - Paying out tiny amounts to stay protected
GAW - I'm sure you know all about this

Phase 3 will last as long as it needs to until all investors have accepted the loss.

All the above are pretty much accepted as scams by most people in the community, but for some reason LTCGear is not, even though they are in the exact same situation.

I agree probably the majority of scams involve the perpetrator just running and hiding - but it all depends how many people / how much money is involved.

and ltcgear still struggling with its crazy web modification and user cleaning up database, wonder how long this trick gonna pull up

[pbleak]

Best not to follow. My advice is to drop in 1 week from now and see if we have the same shit. Since we have to manual withdraw anyway now no difference to wait.

[Flep182]

Best not to follow. My advice is to drop in 1 week from now and see if we have the same shit. Since we have to manual withdraw anyway now no difference to wait.

That would be my advice too. I'm thinking about not checking bct for a week. Is going to be hard

[miri94]

Very simple: LTCGear got cold feet and decided life in the open is better than a private cell in prison. Too much money involved, unlike small time scams where most people just write it off, this one is too big.

What is happening now: he is gathering left right and center to make it work and pay out, but due to the huge size of the operation this is very difficult.

What he hopes will happen is like a joke:

One time a guy wanted to sell a donkey hoping for $50 to make a living, on the way to the market, the donkey died. The guy buried the donkey and continued to the market; there he said: i have a raffle: $1 ticket you can win a donkey! Hurry only 100 tickets available. For 1:100, he quickly sold out. Then they drew the raffle and someone won.

Version 1: The guy promised the winner he will get him the donkey tonight. Tonight came and the night after, then the winner became restless and came knocking at the guy's door. The guy said look really sorry but it seems my cousin has changed his mind and does not want to sell anymore, here's your $1 back and $9 extra for your patience. The winner walked back so happy and the guy remained with $90 in profit.

Version 2: The guy went and bought a donkey for $50 and gave it to the winner and pocketed the remaining $50.

What needs to happen now is no one write it off, no one "sells", no one pays any fee or anything. Give it some time until it has become clear beyond reasonable doubt that we have suffered a loss then the court hammer will fall. Now it is too early. In the court no one cares about 2 months or 4 months. The judge will say: give him timel well not after he's had 6 months+ with no result whatsoever. And if he got hacked or what have you: not our problem, it was a risk and he should have mitigated it in more ways than can be counted.

[Flep182]

Very simple: LTCGear got cold feet and decided life in the open is better than a private cell in prison. Too much money involved, unlike small time scams where most people just write it off, this one is too big.

What is happening now: he is gathering left right and center to make it work and pay out, but due to the huge size of the operation this is very difficult.

Might be good to note that this is complete speculation? Because if you've got evidence I'd like to see it.

[tonygal]

There's a new one up, guys 

Server under maintenance (ETA March 4/5 - server in maintenance week - some accounts got 48 hours payment lock reset).

[shulio]

There's a new one up, guys 

Server under maintenance (ETA March 4/5 - server in maintenance week - some accounts got 48 hours payment lock reset).

this things doesnt get into my attention anymore as said he isnt really trying his best to fix the issue, he could just wake up in the morning, update the front page of ltcgear and leave it be with his silly deadlines that he never kept

[Flep182]

There's a new one up, guys 

Server under maintenance (ETA March 4/5 - server in maintenance week - some accounts got 48 hours payment lock reset).

this things doesnt get into my attention anymore as said he isnt really trying his best to fix the issue, he could just wake up in the morning, update the front page of ltcgear and leave it be with his silly deadlines that he never kept

We can safely state that he could use a bit of a timemanagement course to help him set credible deadlines 

[sluppy]

There's a new one up, guys 

Server under maintenance (ETA March 4/5 - server in maintenance week - some accounts got 48 hours payment lock reset).

this things doesnt get into my attention anymore as said he isnt really trying his best to fix the issue, he could just wake up in the morning, update the front page of ltcgear and leave it be with his silly deadlines that he never kept

We can safely state that he could use a bit of a timemanagement course to help him set credible deadlines 

I think he just doesnt understand what Eta means hes seen it used and now hes using it himself without knowing its meaning.