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

[sickfancy]

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? 

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share.  Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

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[claudiop63]

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? 

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share.  Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

Chris' caption states "here’s the real data of last 7 days for one second gen unit". He says the figures refer to ONE unit...

[claudiop63]

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? 

are you sure? is it BTC/Share?

Y axis in graph is not specified so it isn't clear if it's btc/share.  Even if it is, numbers are based on these 2nd shares up and running which won't happen until around January.

Chris' caption states "here’s the real data of last 7 days for one second gen unit". He says the figures refer to ONE unit...

I did some further calculations....

Chris states that ONE 2nd gen shares yields the equivalent of 3000 Khs on Scrypt algorithm. Then, looking at its graph, one such share seems to generate roughly 0.0005 BTC/day if mining LTC. This makes sense to me, based on 3000 Khs, right? If my reasoning is correct, his graph indeed shows the performance of ONE 2nd gen share....then ROI is astonishing!

[AizenSou]

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? 

That could be, but everyone forgets the most important thing:
His data based on ONE UNIT alone, If his whole farm of gen2 mine the same coin at once, it will shot its difficulty to the sky while dumping the price to the ground since almost no altcoin with small marketcap could withstand his farm.

[boy2k]

I did some further calculations....

Chris states that ONE 2nd gen shares yields the equivalent of 3000 Khs on Scrypt algorithm. Then, looking at its graph, one such share seems to generate roughly 0.0005 BTC/day if mining LTC. This makes sense to me, based on 3000 Khs, right? If my reasoning is correct, his graph indeed shows the performance of ONE 2nd gen share....then ROI is astonishing!

It does seem incredible if true but you also have to factor in that if he has sold 2000+ 10 share packs already... Then by January there will be a massive spike in difficulty when they are turned on. I hope not but realistically that many packs hashing the coins, even when spread out, will be significant.

[cypher21]

I did some further calculations....

Chris states that ONE 2nd gen shares yields the equivalent of 3000 Khs on Scrypt algorithm. Then, looking at its graph, one such share seems to generate roughly 0.0005 BTC/day if mining LTC. This makes sense to me, based on 3000 Khs, right? If my reasoning is correct, his graph indeed shows the performance of ONE 2nd gen share....then ROI is astonishing!

It does seem incredible if true but you also have to factor in that if he has sold 2000+ 10 share packs already... Then by January there will be a massive spike in difficulty when they are turned on. I hope not but realistically that many packs hashing the coins, even when spread out, will be significant.

is it possible to sell these shares?

[Pistachio]

Hi. I just bought 4 10-packs of 2nd generation pre-shares, so I now own 40 2nd gen pre-shares.

According to Chris' data here: https://ltcgear.com/wp-content/uploads/2014/12/reward_2nd.png each 2nd gen share is likely to generate 0.006 BTC/day.
In other words, my 40 shares should yield about 7.2 BTC/month, which is ROI in less than 2 weeks based on my 3.08 BTC purchase price!

Or am I missing something...? 

That could be, but everyone forgets the most important thing:
His data based on ONE UNIT alone, If his whole farm of gen2 mine the same coin at once, it will shot its difficulty to the sky while dumping the price to the ground since almost no altcoin with small marketcap could withstand his farm.

This is a concern. One solution might be smaller blocks within each farm that mine independent of each other and spread out the hash power to avoid too much on any single coin. The total return can just be pooled for each 24hr period. I assume this kind of stuff in the works.

[boy2k]

is it possible to sell these shares?

Not at the moment, unsure if there will be.

[Pistachio]

is it possible to sell these shares?

Not at the moment, unsure if there will be.

If you want to resell, create a new account for each lot you want to sell with a newly created email address. Then you can sell both email and account anytime.

Edit: You could also pay for the order from an account you control (not from an exchange), so you can provide proof of ownership to avoid accusations that you are selling a hacked account.

[AizenSou]

is it possible to sell these shares?

Not at the moment, unsure if there will be.

If you want to resell, create a new account for each lot you want to sell with a newly created email address. Then you can sell both email and account anytime.

Edit: You could also pay for the order from an account you control (not from an exchange), so you can provide proof of ownership to avoid accusations that you are selling a hacked account.

I'm pretty sure Chris will enable the ability to trade gen2 when gen1 goes outdated like with FarmShares before.

[rhkazani1]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

[Pistachio]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

[printshop]

If someone is looking for shares i sell it for 0.69btc/1k
20k+ in stock

cheers

I have bought several times from Deki1904, he is a good honest seller. The deals went smoothly and quickly. 

I Just bought 1.42 BTC worth of shares from Deki1904, it was my second trade with him. fast and efficient seller. Thx.

[AizenSou]

If someone is looking for shares i sell it for 0.69btc/1k
20k+ in stock

cheers

I have bought several times from Deki1904, he is a good honest seller. The deals went smoothly and quickly. 

I Just bought 1.42 BTC worth of shares from Deki1904, it was my second trade with him. fast and efficient seller. Thx.

Deki is the fastest and busiest reseller I ever know .

[rhkazani1]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

lol, I just hope so, thanks for sharing your opinion.

[alienesb]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

Dual mods will be fine after the VTC fork.

[rhkazani1]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

Dual mods will be fine after the VTC fork.

Thanks for your input, so should keep it on VTC or move to DRK? Whats your suggestion?

[AizenSou]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

Dual mods will be fine after the VTC fork.

Thanks for your input, so should keep it on VTC or move to DRK? Whats your suggestion?

It depends on the network diff and the price. You should check every friday after the payout and decide yourself.
Or the more easier way to get it is choosing the BTC payment in your coin choice field. Chris will pay you with the best rate

[rhkazani1]

Dual Mod's profitability is just down the drain, anyone knows how that will work going forward? Or its just a waste?

IF you are sure it is down the drain, you can sell them to me at 1.5BTC each . Seriously though, I think they will be profitable again after the 24th multiplication (hopefully they will be included in this).

Dual mods will be fine after the VTC fork.

Thanks for your input, so should keep it on VTC or move to DRK? Whats your suggestion?

It depends on the network diff and the price. You should check every friday after the payout and decide yourself.
Or the more easier way to get it is choosing the BTC payment in your coin choice field. Chris will pay you with the best rate

Yeah, I have set to BTC, thanks this helps.

[drcrash]

Who resell "2nd Gen pre – ASIC share 10 unit" for paypal or credit card? Advise pls and how much will be cost it? Or where to buy BTC for credit card or paypal quickly and low commission? Second embodiment is a best for me