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

[buuhh99]

Just got paid.

[1715224586]

1715224586

[1715224586]

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[1715224586]

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[1715224586]

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[buuhh99]

Just Got Paid in BTC. Phone won't let me edit post. Mods please delete above...

[BATeller]

1118pm EST and still haven't received BTC. Hoping hes just backed up

[OrangeGator]

Chris posted this on litecointalk. 

Hi guys,

I am awake staring at the scripts, waiting for confirms too.
Thing is that there were several instances when consistent amount of coins were sort of double spent, because the software didn't proper wait for confirm to move forward with the sends.
I had to stop, move on manually, recheck every transaction, all under cold sweat. Ah, and for the record, I think this time was the first time I saw LTC daemon freezing because of network traffic.
And there is a very long list of things to do tomorrow..

[Deadstock]

smaller btc acct paid one still waiting

[BATeller]

From Litecoin Talk forum:

Waiting a group confirm for something like +45 minutes now. Unless the group transfer gets one confirm the global payout cant move on..
Luckily I have to update news before I get deep into BF/CM recheck orders where someone with tons of creativity created some thousand of orders to be sorted..

Looks like we'll be waiting for awhile.

[yan7181]

received already,awesome

[marthelo]

From Litecoin Talk forum:

Waiting a group confirm for something like +45 minutes now. Unless the group transfer gets one confirm the global payout cant move on..
Luckily I have to update news before I get deep into BF/CM recheck orders where someone with tons of creativity created some thousand of orders to be sorted..

Looks like we'll be waiting for awhile.

can you post a link

[Bourbon44]

https://litecointalk.org/index.php?topic=22563.1590

[cypher21]

still have no payout. one question . this is my first payout. if i choose at coin choice: vtc, they send on my input btc adress or?

[marthelo]

PAID

[Pistachio]

Paid, but what's up with the new ASICs? 10 shares only running 12Mh until Jan?  

Edit: I bought two already but still 'on hold' status. I wonder which column they will show up in.

[organizer]

still have no payout. one question . this is my first payout. if i choose at coin choice: vtc, they send on my input btc adress or?

Do you have Dual MODs in your account? If you have them and want BTC payouts, first make sure -all- addresses are filled. If you want BTC payout, then you just need to choose BTC in the coin choice....If you want VTC, you'd select VTC as payout and make sure you have the address filled in.

If you don't own Dual MODs, you can't participate in VTC/DRK.

[organizer]

Paid, but what's up with the new ASICs? 10 shares only running 12Mh until Jan?  

Edit: I bought two already but still 'on hold' status. I wonder which column they will show up in.

It's interesting (and confusing), isn't it? For those that haven't read the announcement:
http://ltcgear.com/time-to-act-the-second-generation/

First, I find this line hilarious:
"Despite my love to keep things private as long as possible"

Which tells me that IF everything is legit w/ Chris, he's probably enjoying all the speculation about legit or not...

But in terms of the 2nd Gen stuff, it seems like it's a new type of share that mimics what the old packs (like Tricoin pack) did... Right now it looks to give access to:

- Feathercoin (FTC)
- Litecoin (LTC)
- Vertcoin (VTC)
- Darkcoin (DRK)

You can either get paid out in one of those coins or get paid in BTC or LTC, which will pay out an exchange rate equal to the best coin of the group for the week.

Also noted is "Other algorithms will be listed as soon as they are available." Though i'm not sure if there are any other viable coins right now... maybe Ethereum next near would be a contender with the hype behind it, though I know they've been talking POS too on some level, but haven't really been following that anymore.
Or of course, maybe we mine GAWcoin! 

It's nice that you can pre-order these now and get paid something, but I don't know yet if i'm going to order any beyond 1 batch just so i can see how it shows up in your account page to add to the calculator...

My first month of purchases were almost exclusively the DualMOD packs or DualMODs + the original anniversary packs... and they really do outperform base qASICs by a wide margin over time.. so I don't doubt they're going to be the best thing to own next year, but I think we've learned that as customers we tend to want to BUY BUY BUY in the fear that we'll be left out only to find a better thing next week.

So my own strategy right now will be to buy a few, but probably will wait until they are working to do any substantial purchases.

[organizer]

If you own Dual MODs, I would suggest turning off forecasting for now. With the massive spike in hash, the forecasts will be off until a new trend is established.

I'll see what I can tweak on the forecasting routines to adjust, but with the algo switch pending, i'm not going to spend a whole lot of time on it until we get new (and final) numbers from Chris.

 

[Deadstock]

If you own Dual MODs, I would suggest turning off forecasting for now. With the massive spike in hash, the forecasts will be off until a new trend is established.

I'll see what I can tweak on the forecasting routines to adjust, but with the algo switch pending, i'm not going to spend a whole lot of time on it until we get new (and final) numbers from Chris.

 

Thanks for the update, but wow VTC has been on the move lol DIFF reaching over 300 yesterday before going down to 2xx. the price pump was insane too..i suspect MODs profitability will tank until hard fork

[Ignition75]

Paid, but what's up with the new ASICs? 10 shares only running 12Mh until Jan?  

Edit: I bought two already but still 'on hold' status. I wonder which column they will show up in.

It's interesting (and confusing), isn't it? For those that haven't read the announcement:
http://ltcgear.com/time-to-act-the-second-generation/

First, I find this line hilarious:
"Despite my love to keep things private as long as possible"

Which tells me that IF everything is legit w/ Chris, he's probably enjoying all the speculation about legit or not...

But in terms of the 2nd Gen stuff, it seems like it's a new type of share that mimics what the old packs (like Tricoin pack) did... Right now it looks to give access to:

- Feathercoin (FTC)
- Litecoin (LTC)
- Vertcoin (VTC)
- Darkcoin (DRK)

You can either get paid out in one of those coins or get paid in BTC or LTC, which will pay out an exchange rate equal to the best coin of the group for the week.

Also noted is "Other algorithms will be listed as soon as they are available." Though i'm not sure if there are any other viable coins right now... maybe Ethereum next near would be a contender with the hype behind it, though I know they've been talking POS too on some level, but haven't really been following that anymore.
Or of course, maybe we mine GAWcoin! 

It's nice that you can pre-order these now and get paid something, but I don't know yet if i'm going to order any beyond 1 batch just so i can see how it shows up in your account page to add to the calculator...

My first month of purchases were almost exclusively the DualMOD packs or DualMODs + the original anniversary packs... and they really do outperform base qASICs by a wide margin over time.. so I don't doubt they're going to be the best thing to own next year, but I think we've learned that as customers we tend to want to BUY BUY BUY in the fear that we'll be left out only to find a better thing next week.

So my own strategy right now will be to buy a few, but probably will wait until they are working to do any substantial purchases.

We pretty much followed the same path, I only really focused on Dual Mods, then after they performed so well I purchased some qShares when the sales started.

I tend to pretty much agree with most of your thoughts, what I find particularly warming is the promise from Chris that Dual Mods will remain profitable, even if a multiplier is required.  This makes me very happy.

My observations of the v2 farm?  Out of the box ROI is 4 months isn't it?  I think they've been dumbed down a bit, ROI on the qShares and Dual Mods were almost too good, so Chris decided to lessen the grunt a little.  He can afford to do this and still offer great returns to customers.

What I like about the v2 shares is the ability to pick BTC and the most profitable coin will be mined that week, this is a very nice feature...

I'm going to hold off as well, for now.  I personally think v1 customers are rewarded for being early adopters and they are the better product to have, especially dual mods.

[organizer]

Well, there seems to be some confusion (shocking!) on what the payouts for the pre-order thing are going to be... I think most everyone thought it was 40%... which didn't make much sense based on historical prices/hash... now there's this thread where at least someone reads it as a 1:2.5 ratio:

https://litecointalk.org/index.php?topic=23640.msg226605#msg226605

Which would be more in-line with what we have now and make it more attractive as a purchase... we'll just have to wait to see next payday!

[wlefever]

Did anybody choose Convert to Mods for payout? Or has anyone read how that turned out this week?

[mullvads]

Did anybody choose Convert to Mods for payout? Or has anyone read how that turned out this week?

Do you have to have any previous mods bought for this to work?