Review/Journal/ROI Calc of Litecoin GEAR (LTCGear) | LTC/DRK/VTC mining farm

[tom99]

 If anyone got hard time logon LTCGEAR and how do logon to LTCGEAR now?  I was trying to logon so many times and unable to get on.

It looks like he's implementing a form of 2FA authentication. Here's what worked for me:

- Try to login as normal, ignore the "Click Here to Enter One Time Password" button for now.
- Nothing will happen when you click the Login Button, just click it once
- Check your email, you get  an email with the subject "One Time Password for Litecoin GEAR"
- Copy the code contained in the email, make sure you don't have extra spaces before/after
- NOW, Click on the "Click Here to Enter One Time Password" button.
- Paste the code from your email
- Click Login
- Seems like at least 50% of the time, it will reject this and say invalid login (i'm guessing there's a time limit to the 2FA passwords)
- Don't do anything, check your mail again, you should have another new code
- Enter the code again
- I've not had any issues past the second attempt following these steps.

Again! Not that intuitive! Also, you'll probably get another 2FA code after you've successfully logged in!

   yes, OTP so lagged to get by email also my old password didnt work eight but my password before and might too long. 
Thank you

[organizer]

Ok, here's an early version of an LTCGear Calculator i'm trying to hack my way through! It's very much a work-in-progress, but should make it easier to translate LTCGear products to something understandable! It currently only shows data from the start of the "mining week", which is Saturday to whatever the current day is.

http://www.ltcgearcalc.com/

For an example setting, if you were looking at the 1K6X package (160MHs), enter 1600 into the Total qASIC Shares field.

Then, if you were looking at the modifier to mine DRK/VTC, the Dual Mod M10... you would also enter 630 into the qASIC Active Mining Shares field. The calculator will do all the math (i.e. subtract your Activing Mining Shares), so all you need to do is enter total # of shares you have (or want to have).

From there, you can select your coins in the Scrypt Coin Selection dropdown (if you only enter qASIC shares) and also choose either VTC/DRK from the DualMODs Coin Selection dropdown if you have something in the Active Mining Shares field.

FarmShares are the older product and no longer available. That's there for existing customers to use....

[eestimees]

good job!

[hiddensphinx]

anyone done a Spreadsheet of LTCgear profits?

[organizer]

anyone done a Spreadsheet of LTCgear profits?

Well no spreadsheet, but that's why i'm working on the calculator... after I tweak the formulas as needed (will adjust after the upcoming payouts) i'm going to make all of the historical data available from when i started... plus, after this multiplication thing is posted, i'll put up a more detailed breakdown of where I stand after my initial outlay + 1 month of reinvestment into both the anniversary shares and a little more into the Dual Mods...

But in the truest, roughest back of the envelope calculations, i'm still at around 18% (in terms of BTC spent, not dollars) return on total outlay right now when you account last payout + the change leftover from the reinvestment.

Without the pending multiplication, if it keeps earnings around the levels they are for the next couple of months, I think i'm looking at around 5-6 weeks more for full return (with a realistic-ish decline in earnings week over week) which I think is inline with what others have been claiming to around 4-6 weeks or so...

But I also expect it to change drastically whenever VTC switches algos...

[cryptost]

LTCGear are currently running a promo for anyone that does not know see my sig, if you get in quick you will be included in tomorrows 1.35 multiplier.

[BATeller]

LTCGear are currently running a promo for anyone that does not know see my sig, if you get in quick you will be included in tomorrows 1.35 multiplier.

If they don't wish to use your affiliate link, they can also go to this straight link: http://ltcgear.com/product/asic-share-1k6x/

[themikego]

LTCGear are currently running a promo for anyone that does not know see my sig, if you get in quick you will be included in tomorrows 1.35 multiplier.

Thanks for the heads up, I thought I would make it before the deadline but I purchased it with an order date of 23rd. I keep on forgetting that I am buying from outside my timezone.

[cryptost]

LTCGear are currently running a promo for anyone that does not know see my sig, if you get in quick you will be included in tomorrows 1.35 multiplier.

Thanks for the heads up, I thought I would make it before the deadline but I purchased it with an order date of 23rd. I keep on forgetting that I am buying from outside my timezone.

The multiplier has not been applied yet you will be Ok, it's getting applied 9pm GMT tonight, not much time left guys!

[organizer]

Multiplication factor running soon, pretty curious to see where it lands this time. Last time it was quite large @ 1.5 or so per share from what I saw... I would imagine less this time with the anniversary shares, but still nice to see how stable share multiplications make earnings over time.

I think there's new products on the horizon, as well as a commitment to LTC/DOGE merge mining...which would be sweet...

[Pistachio]

Just bought one of the anniversary packs before this split began. Can someone explain how the add-ons work? If I want to mine X11, what do I need to buy to get the 160Mh turned into X11? And, what are people finding to be the most profitable algorithm to mine with ltcgear?

[organizer]

Just bought one of the anniversary packs before this split began. Can someone explain how the add-ons work? If I want to mine X11, what do I need to buy to get the 160Mh turned into X11? And, what are people finding to be the most profitable algorithm to mine with ltcgear?

Ok, the addons are a bit confusing! But here's the way it works. If you have qASIC shares already, you can get the DUALMOD M10... which is available.

If you buy that, it will convert 630 shares into Active Mining Shares (these show up as reserved shares in your account).

So you'll have 630 shares to mine either VTC or BTC and will have 970 share (97 MHs) remaining on LTC or FTC.

So you really then just need to decide if you want to get paid in BTC for everything or keep the all the coins. If you want to get paid in BTC, you select that from the Coin Choice dropdown and fill in the address. This method only allows you to mine VTC, but you get a 5% bonus payout.

If you want to keep the coins, select either Scrypt-N (for VTC) or X11 (DRK) and fill in the appropriate addresses.

I think if you're new, you also want that LTC address filled out. You can leave that be... (for me, i'm getting BTC payouts and left both LTC & VTC addresses in my account info)... as long as you choose BTC and have a BTC address, it doesn't matter...

As far as profitability goes... VTC is still more profitable than DRK by a large margin... but you can always check it here:

www.ltcgearcalc.com

[organizer]

Ok, the share multiplication went out today (finally!). This happens about every month and a half or so. This one was for 1.35. So what it means is that for every share of qASIC you had before multiplication, those were multiplied by 1.35! Note that share multiplication does not

In terms of my own ROI here, this is pretty nice! I'm mining LTC/VTC and from 9/15 - 9/23 my daily earnings dropped about 15% (pretty rough calculation) or so in terms of USD... my manual tracking sucked though, which is why i build that calculator.

Anyways, in terms of USD, after the multiplication my daily earnings are up from the 9/15 figure by just under 10%... pretty nice...

[cryptost]

I got an extra 560 shares with the update, Nice! The discount code is still working by the way!

[wlefever]

I got the additional shares too, and went ahead and bought another anniversary pack today!  Can't wait to see how well this works the next few weeks.

I was going to get payouts in LTC but have decided I want BTC payouts.  Any issues with BTC payouts? I saw it was a newly added feature.

[cryptost]

I got the additional shares too, and went ahead and bought another anniversary pack today!  Can't wait to see how well this works the next few weeks.

I was going to get payouts in LTC but have decided I want BTC payouts.  Any issues with BTC payouts? I saw it was a newly added feature.

I think he just auto converts on Cryptsy, I have gone for BTC too cant be bothered trading.

[organizer]

I was going to get payouts in LTC but have decided I want BTC payouts.  Any issues with BTC payouts? I saw it was a newly added feature.

The only thing you can call an issue about the BTC payments is that they come last, so people tend to freak out asking everyone if they've been paid... For me, they seem to be coming anywhere from 6 - 12 (!) hours later than when i was getting LTC & VTC payments directly.

[organizer]

If you're not a customer and lurking around, I've added some sample data to www.ltcgearcalc.com.

So you can use the sample data dropdown options and get a sense of what the various combinations of the (2) available products will net in terms of earnings in the different coin options you'd have. I think it might help make understanding the whole "shares" thing a little quicker... 

The next big thing i'll work on is the table data presentation... it will probably default to the last week, but allow you to define whatever date ranges. I'll also work on some of the minor things like putting a $USD conversion to start off... if i get that on, i'll add a choice for Euro as well..

[cryptost]

Thanks for the calcs looks good, i will post updates as I get payments too. 

[tom99]

   Warning GAW banned post about ltcgear talk in hashtalk.