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

[organizer]

Hi organizer,

in an other thread somebody ask chris if the shareconversion will be calculated with the new 1k83 package - and he said he got a yes

will you honor this in your calculator?
would be great

What do you mean share conversion? multiplication?

No:)

the conversion as payout option

OHHHHH, you mean Chris said that the new share conversion price would be the 1k83 price? Did that include the additional 8% for BTC payments? i'm guessing not... i'll change that now though and put in the new price..

[Pistachio]

Maybe Chris should list his shares on an exchange..hmm...

Some like OP could create a third party exchange service. What do you say OP?

Not sure what type of exchange you mean? There are many people selling smaller packages of shares if that's what you were talking about...

I mean a ledger or clearing house with bids/asks to facilitate liquidity between BTC/LTC and LTCgear shares. It would take a lot of work to setup but you could always charge a small fee for your services  .

[organizer]

Chris posted this regarding Share Payouts:

NOTE (got many questions over this): Temporarily, payout in shares will be done at 8% over share/USD rate 1K83 offers.

I'll adjust the share conversion estimate to reflect this shortly.

[wlefever]

He is cleaning up the website.  Eliminating the hassle of the anniversary code and referral payments the end of this week apparently, but also the following:

1.) I noticed my last order was marked "Completed" as appose to the standard "Processing"

2.) He took the older products off the shop.  Only 9 items listed under Hosted Mining (shares).

I like it. Seems like he is simplifying his effort so that we wont see the delays we have been seeing recently.

[boy2k]

The ROI tracker is giving me different results for this week than the calculator...
both are set from 14/11

(EDIT: is this because its including friday (today) ?)

[organizer]

The ROI tracker is giving me different results for this week than the calculator...
both are set from 14/11

(EDIT: is this because its including friday (today) ?)

Yep... the main page/calc page "pauses" for most of Friday until payouts are mostly completed... I did it so people can compare while waiting... at midnight UTC, it will switch over to next week.....

[boy2k]

Yep... the main page/calc page "pauses" for most of Friday until payouts are mostly completed... I did it so people can compare while waiting... at midnight UTC, it will switch over to next week.....

  good work

[organizer]

11/21/2014 Update: The Road to ROI #3
So, I haven't done one of these for a while, but this is a pretty good point to catch up. After today's payout, my last rogue purchase (where I didn't stick to my plan and made some additional purchases, mostly DualMODs, which already ROI'd and a bit more Anniv.) will have ROI'd 100%.

So at just over 3 months in, i've covered my initial investment amount and now 100% of what I reinvested! Feels good. Almost all of my initial purchases were DualMODs to mine VTC, which barring a few lean weeks has been really good to me. I tried to keep my mining at 25-30% DualMOD originally, but after 2 multiplications and some impulse purchases that's out the window. I will be very sad to see VTC go, but will mine and hold some DRK.

The one thing that i've been good about is sticking to my own strategy of 30% savings, 30% into reinvestment fund and 30% for paying myself. It's pretty nice to either buy some Amazon gift cards with BTC and know that this xmas will be completely paid for w/ BTC! Otherwise i've just been selling to fiat.

So, what's next? I think i'll be sitting on my hands for the rest of the year unless a really great product comes out... i might buy some of the new pack after payday, just to offset some of the diff increases, but i'm not going to chase things right now.

Either something really good comes out in the next month or two or not... I'm hoping something better comes out, like when the Anniv. package first came out.

Regarding the calculator, I have a few things still in the works (a long with a bunch of little things on my to-do list):

- Add the ROI gauges (small) to the home page, so you can see everything on one page.
- Rewrite DRK estimates completely. It's been a pain in my ass, but with VTC leaving us soon, I've got 2 different ideas on how to revise this.

[Larry W]

You are a good guy organizer. You are a credit to this community.
 I actually do most of the things you mentioned and I too have completely reached ROI as well after this payday..
Thank you and Happy Pay Day!!
 

[Fierce]

Need to sell 3,000 qAsic shares ASAP. PM me with offers- need fiat currency for personal reasons-

[Pistachio]

BTC payout incoming ..... 

[syclone]

BTC payout incoming ..... 

Got it.

I think my referral from 2 days ago will be added to my account by sunday ?? 

[boy2k]

BTC payout incoming ..... 

when is the cut off point for choice?

[Pistachio]

BTC payout incoming ..... 

when is the cut off point for choice?

I think that time is passed. My guess is when the weekly payout info is posted is roughly the same time that LTCgear start processing payouts.

[organizer]

BTC payout incoming ..... 

when is the cut off point for choice?

I think your best bet is to choose before Thur is over...

[cartorys]

Anyone got payout?

[Pistachio]

Anyone got payout?

Hours ago in BTC.

[tom99]

Anyone got payout?

  I think done by now and LTC got last.

ps: look news stock 40K0 for 12k USD http://ltcgear.com/product/asic-share-40k0-black-friday-mega-pack/

[cartorys]

Anyone got payout?

Hours ago in BTC.

Weird. Still no BTC for me and LTC for my friend...

[tom99]

Anyone got payout?

Hours ago in BTC.

Weird. Still no BTC for me and LTC for my friend...

  BTC done first and if you didnt get it then something gone wrong or email to Chris to let him know .