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

[sandpaper]

Don't you mean FTC?

[1713894453]

1713894453

[1713894453]

1713894453

[ellave]

Don't you mean FTC?

errm nope dont think so    But is FTC also changing algo?

[CaptainTE]

Don't you mean FTC?

errm nope dont think so    But is FTC also changing algo?

Both are supposedly changing algos

FTC to "Neoscrypt" and VTC to Lyra2 I think.

Idk what that means for those mining VTC and FTC on LTCGear though :/

[fhh]

another scrypt-n coin could be mined instead of VTC

for normal scrypt there are also other coins.
merge mining doge would be very nice;)

[organizer]

Yeah, i think FTC is changing this week... VTC is end of Nov-ish... I doubt there will be a replacement Scrypt-N coin though, there's not really any other "legit" Scrypt-N coin that also has a decent market to it... he said at one point he's going to try to adapt to the new algo, but there's no guarantee in that... but i bought my DualMODs being OK with what I have in them switching over to DRK whenever it happens...

[POM]

I'm switching to convert to share option until we hit the next multiplication( which is a little more than 2 weeks out) but FTC is tempting this week.

[Larry W]

Too late. You have to switch before the new week begins

[dazz]

Too late. You have to switch before the new week begins

I'm pretty sure you get paid what is set at payday, even if you change the coin choice last minute

[Larry W]

I believe BTC or LTC yes. But not FTC and LTC. Must be set early in the week.

[boy2k]

Hi guys,
close to pulling the trigger on a LTCGear account...
Was wondering what affiliate deals people want to offer me to sign up through them.

Offer here or PM me

[Fierce]

I'll split the payment with you. It is 100$ USD for a purchase of 1600 shares. I'll give you $50.

[organizer]

Hi guys,
close to pulling the trigger on a LTCGear account...
Was wondering what affiliate deals people want to offer me to sign up through them.

Offer here or PM me

You should do it through PM.. direct referral link stuff gets deleted by mods.

[organizer]

Added this today to the calculator (consider it pre-alpha-alpha version):

Order ROI Tracker
https://ltcgearcalc.com/roi-tracker.php



Track up to six orders and get projected days until you recoup your investment. Please note that these estimates/forecasts are all based on the data from the calculator and actual results will vary. Days to ROI uses the same linear regression + time/series forecasting that is used to project out a full mining week on the calculator.

Since it's pulling from the existing data, expect results to improve over time. For now, i've manually "padded" the days to ROI to likely be over by a few days to be as conservative as possible with expectations.

How to Use



A. Enter purchase date. The tracker will automatically include all days of the mining week. Dates must be after Sept. 19th.
B. Use this field to enter any notes you might want to appear on the results dashboard.
C. Enter purchase price in USD. You are responsible to calculate any additional discounts (BTC payment).
D. Enter appropriate share numbers in either field. Unlike the calculator, you can enter only DualMOD shares here.
E. Choose appropriate coins based on share type(s) here.

[organizer]

Also, everyone should probably at least read through this thread over at Litecoin Talk, there's a good discussion going on about legit or not:
https://litecointalk.org/index.php?topic=22433.90

[organizer]

Too late. You have to switch before the new week begins

I'm pretty sure you get paid what is set at payday, even if you change the coin choice last minute

I haven't switched a lot, but the times I have i've made changes around mid-day on Friday (or Sat when that used to be payday) and never had an issue with the exception of getting some random small payments on the coin i was mining before i switched.

[Fierce]

@organizer are you concerned in anyway about the thread below...

 

Also, everyone should probably at least read through this thread over at Litecoin Talk, there's a good discussion going on about legit or not:
https://litecointalk.org/index.php?topic=22433.90

Essentially some people are saying that if the hashrate is 1,000 GH (approx) for litecoin there is no way all of the LTC Gear miners are actually mining ltc because the numbers wouldn't add up. I have no reason to doubt Chris. I actually like the lack of marketing and useless frills that other companies (GAW) provide. I am however concerned. It is a great deal! Very fast ROI. What do you think?

[organizer]

@organizer are you concerned in anyway about the thread below...

 

Also, everyone should probably at least read through this thread over at Litecoin Talk, there's a good discussion going on about legit or not:
https://litecointalk.org/index.php?topic=22433.90

Essentially some people are saying that if the hashrate is 1,000 GH (approx) for litecoin there is no way all of the LTC Gear miners are actually mining ltc because the numbers wouldn't add up. I have no reason to doubt Chris. I actually like the lack of marketing and useless frills that other companies (GAW) provide. I am however concerned. It is a great deal! Very fast ROI. What do you think?

Ohhh, with anything Crypto since getting burned in preorders I am concerned! But, with this particular point, one of the "old-timers" who was a customer before the anniv. stuff & before I was a customer posted an email exchange that he had with Chris where he asked him if he mined multipools and Chris said he did. Also someone else recently noticed a payout came from a cleverpool (i think) wallet... I always assumed he was mining multipools and not just straight LTC... it might be ambiguous, but before the BTC conversion, we really bought shares that were to be paid in LTC.

I think it's a bit reassuring that payments actually got identified from a multipool... means he's mining at least...

I think prudence is the best approach on anything... not going all-in... it's really funny though how things have changed since August... before that, the thread on Litecoin Talk was so quiet, he had maybe a couple dozen "regulars" that always spoke highly of him but most everyone was paying attention to Fibonacci or FlowerTech...

i'm also curious about the new products that will eventually come out.. he did promise photos or something in that release... but even the mighty GAW is failing to deliver on their promise to have Zenpool consistently be the most profitable... so i'm just saving up right now, will be happy with the payouts i have now for at least a couple months or until the next release comes out... it's hard to resist "topping off" all the time... but i hope everyone's being at least a little cautious..

[Fierce]

Concerns aside, I have been very happy with LTC Gear. I'm a big fan, heavily invested and I promote them all the time. I am torn between purchasing more shares now with the anniv discount, assuming they will be multiplied by the next multiplication, or saving up and then purchasing when the next product line is released. Can't decide :/

[organizer]

Concerns aside, I have been very happy with LTC Gear. I'm a big fan, heavily invested and I promote them all the time. I am torn between purchasing more shares now with the anniv discount, assuming they will be multiplied by the next multiplication, or saving up and then purchasing when the next product line is released. Can't decide :/

well, i'm gonna try to not buy anything until all my roi-widgets are at 100%... but keep in mind with the Anniv deal...even with 1 multiplication for me... back in Aug it was ROI in 4-5 weeks or so, now it's 7-8 weeks... so it just slows the degradation of their value... this is why i think constant reinvestment is a bad thing...

[marthelo]

is there an official ltc gear thread with the mod or owner.. also i cant find anything for sale? whats for sale?