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

[eugene2878]

They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

How? On 2nd Gen?

Don't bother. Quoting from product description:"This product will reserve the right to use of a 2nd generation ASIC"
So basically you paying for the right, NOT the actual shares.
The product seems like offering add-on to your existing shares giving you a chance to get 40% more until new asics come out.
Again this is my understanding. It is very hard to understand Chrises broken language. You can only assume without clear understanding of product. WTF?

[siampumpkin]

Would be great is someone from LtcGear post here an explanation...
Why is Chris never posting here?

Should be a great help to clarify what does that 1/2.5 means and wich ROI can have that 2nd gen Asic.

Btw, I've made some calc using CoinWaiz porfit calc on this hashrates:


- 13000 kHs Neoscrypt algorithm---- about 18$ porfit daily
- 30000 kHs Scrypt algorithm ------- about 6.8$ porfit daily
- 95000 kHs X11 algorithm --------- about 4.8$ porfit daily

Total: about 30$ daily
If we take that 1/2.5 as it is, we must divide that 30$x0.4 = 12$ a day
thats about 84$ a week
Lets say a 6% increase of difficulty :

1st week ----- 84$
2ond week --- 78$
3th week ---- 74$
4th ---------- 69$
------------------
                 305 $   in 4 weeks.

Not sure about that strange algos diff increase percentage.... just used 6% as in LTC ones..
Please correct me if I'm wrong... just trying to help to take your (and me own!) decision on buy or not...

Regards

Most likely you can only mine one algo at a time. I don't think you get to mine it all at the same time. Neoscrypt is the way to go at the moment.

[blackice2013]

Oh I see!!
Then that changes everything...

Then most profitable algo is NeoScrypt with its 18$ daily.

Then ROI is not that good :/
I cant see how to hit ROI with that porfits now.

Need more clear explanation please.

[blg42598]

but it's $295 for 10 units

wouldn't that be 300 mh/s?

[blackice2013]

No,
Check the web
The 30$ one is for 1 unit:

This product will reserve the right to use of a 2nd generation ASIC equivalent to:
- 1300 kHs Neoscrypt algorithm
- 3000 kHs Scrypt algorithm
- 9500 kHs X11 algorithm
- equivalentof (2.7 – 3.0)  x Radeon 290 Lyra2RE (estimate, final numbers after hard fork)

The 300$ one is for 10 units:
This product will reserve the right to use of a 2nd generation ASIC equivalent to:
- 13000 kHs Neoscrypt algorithm
- 30000 kHs Scrypt algorithm
- 95000 kHs X11 algorithm
- equivalentof (27 – 30)  x Radeon 290 Lyra2RE (estimate, final numbers after hard fork)

so...

[AizenSou]

They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

guys 30000 * 2.5 = 75000 not 120000

??
ROI in 4 days? Explain me your math please? LOL
It's 30000 / 2.5 not *.

[eugene2878]

They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

guys 30000 * 2.5 = 75000 not 120000

??
ROI in 4 days? Explain me your math please? LOL
It's 30000 / 2.5 not *.

Full understanding. Until Chris gets new chip you will be paid 30000/2.5=12000 Scrypt. Next week you should get 1.45 BTC for 12000 shares. When he gets new chips you will have 30000 Scrypt. This is where ROi in 4 days comes from. An equivalent of 0.00006664 btc per share. 2.5$ for 100 shares. Madness. BUY BUY BUY! A massive price drop for shares. Too good to be truth.

[david123]

I'd like to nominate eugene for the fields medal 

[karmala]

They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

guys 30000 * 2.5 = 75000 not 120000

??
ROI in 4 days? Explain me your math please? LOL
It's 30000 / 2.5 not *.

Full understanding. Until Chris gets new chip you will be paid 30000/2.5=12000 Scrypt. Next week you should get 1.45 BTC for 12000 shares. When he gets new chips you will have 30000 Scrypt. This is where ROi in 4 days comes from. An equivalent of 0.00006664 btc per share. 2.5$ for 100 shares. Madness. BUY BUY BUY! A massive price drop for shares. Too good to be truth.

wtf is he talking about?

[katsuro]

They should keep these new ASIC shares in stock for a while if the point is to raise money.

So, 12Mh of scrypt power for $300 until the final chip arrives?

Looks like ROI in 4 days.

guys 30000 * 2.5 = 75000 not 120000

??
ROI in 4 days? Explain me your math please? LOL
It's 30000 / 2.5 not *.

Full understanding. Until Chris gets new chip you will be paid 30000/2.5=12000 Scrypt. Next week you should get 1.45 BTC for 12000 shares. When he gets new chips you will have 30000 Scrypt. This is where ROi in 4 days comes from. An equivalent of 0.00006664 btc per share. 2.5$ for 100 shares. Madness. BUY BUY BUY! A massive price drop for shares. Too good to be truth.

wtf is he talking about?

I think he is confusing kH/s with shares.

[blackice2013]

Yep.. this is crazy.
No one knows anything about how much porfit we can do with that... !!

I wont buy unless someone explains it with a credible maths :p

[eugene2878]

I think he is confusing kH/s with shares.

Ok. My bad. It is 300 shares for 300$. Massive price increase than!

[5ick3uffalo]

Still waiting LTC payment 

[andrebrito88]

Still waiting LTC payment 

Yeah me too,

I already send an email but probably gonna need to wait an few days to take an answear.

Patience

[ceducar]

Still wait the LTC payment too

[themadg]

Still waiting here too.

[vasude]

guys read the farm payment section you will get the answer

[david123]

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.)

[The Scorpion]

Does anyone knows something about the missing payments? I'm still waiting for mine from yesterday.

[The Scorpion]

guys read the farm payment section you will get the answer

My shares are months old so that's not an answer for my missing payment.