Author Topic: LTCGear qAsic Cloud Mining  (Read 174946 times)

Offline worldlybedouin

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Re: LTCGear qAsic Cloud Mining
« Reply #60 on: July 04, 2014, 02:01:40 PM »
And another, week passing with difficulty jumping and still no trade in ready.
Guess who profit the most from it by giving delays ? Not me for sure.
Who? Bee? Bee gets his profit mining the altcoins and selling the asic shares.
With difficulty jumping, without a multipool or more scryptcoins to mine, for the shareholders it will be less profitable buying more shares in next future... We have not to forget that Bee is the only owner who offers to his customers the share multiplication every six weeks. I think he's working hard to find a solution for all of us.

+1

Offline Scrappy Do

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Re: LTCGear qAsic Cloud Mining
« Reply #61 on: July 05, 2014, 04:05:26 AM »
And another, week passing with difficulty jumping and still no trade in ready.
Guess who profit the most from it by giving delays ? Not me for sure.

 Bee.. it has been over 6 months. I TRULY believe in you. But now is the the time to shine. Take care of us who believed, and are still waiting please. I defend you on every curve, but I need a return man. Cmon, get this done! :)

Offline dazz.

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Re: LTCGear qAsic Cloud Mining
« Reply #62 on: July 06, 2014, 09:29:44 AM »
Hey guys. New to ltcgear here.

I noticed you don't recommend FTC for a payment. I set mine to FTC after some quick math based on the farm payments page: http://ltcgear.com/ltc-payments/ and because of LTC's drop in price as of late.

Am I missing something obvious here?

Offline Kim Jong-un

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Re: LTCGear qAsic Cloud Mining
« Reply #63 on: July 06, 2014, 02:10:09 PM »
Hey guys. New to ltcgear here.

I noticed you don't recommend FTC for a payment. I set mine to FTC after some quick math based on the farm payments page: http://ltcgear.com/ltc-payments/ and because of LTC's drop in price as of late.

Am I missing something obvious here?


The previous discussion had to do with the relative profitability of ftc vs ltc.  This cannot be determined on the farm payment page, which only gives information about the payout/share. 

If you want to compare the relative profits you can earn with one coin vs another, I personally use CoinWarz, but I'm sure there are many others.    Go to 'mining calculators' and first select feathercoin.  Let's say you have shares worth 50MH. A week's payout based on current exchange rates and difficulty will look something like this:

Time      Coins            BTC               USD (BTC= $633.93)   
 
Weekly    3154.815       0.22083711    $139.97


Now, go back to mining calculators and select  [ltc].  The same 50MH of farmshares will earn:

Weekly    21.226          0.23476583    $148.80


So right now, it's basically a tie, with a slight edge in profitability to  [ltc]. Choosing feathercoin appears to be a reasonable choice.  Please note that these calculations can change quickly based on difficulty jumps and exchange rates.  As proof, just hit the 'refresh' on your browser window and watch the numbers change. 

I'll personally stick with Litecoin for now, given it's market cap and stability.  Perhaps I'll download a feathercoin wallet this week though :)
« Last Edit: July 06, 2014, 02:19:28 PM by Kim Jong-un »

Offline dazz.

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Re: LTCGear qAsic Cloud Mining
« Reply #64 on: July 06, 2014, 02:37:17 PM »
Hey guys. New to ltcgear here.

I noticed you don't recommend FTC for a payment. I set mine to FTC after some quick math based on the farm payments page: http://ltcgear.com/ltc-payments/ and because of LTC's drop in price as of late.

Am I missing something obvious here?


The previous discussion had to do with the relative profitability of ftc vs ltc.  This cannot be determined on the farm payment page, which only gives information about the payout/share. 

If you want to compare the relative profits you can earn with one coin vs another, I personally use CoinWarz, but I'm sure there are many others.    Go to 'mining calculators' and first select feathercoin.  Let's say you have shares worth 50MH. A week's payout based on current exchange rates and difficulty will look something like this:

Time      Coins            BTC               USD (BTC= $633.93)   
 
Weekly    3154.815       0.22083711    $139.97


Now, go back to mining calculators and select  [ltc].  The same 50MH of farmshares will earn:

Weekly    21.226          0.23476583    $148.80


So right now, it's basically a tie, with a slight edge in profitability to  [ltc]. Choosing feathercoin appears to be a reasonable choice.  Please note that these calculations can change quickly based on difficulty jumps and exchange rates.  As proof, just hit the 'refresh' on your browser window and watch the numbers change. 

I'll personally stick with Litecoin for now, given it's market cap and stability.  Perhaps I'll download a feathercoin wallet this week though :)

got it, thank you :)

Offline wonko

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Re: LTCGear qAsic Cloud Mining
« Reply #65 on: July 06, 2014, 06:23:20 PM »
FTC is probably a good idea if you have smaller hashing power as well.  For instance my weekly payout in FTC is on the order of the total volume in some exchanges, so the price of FTC will drop significantly before I can sell all of my coin for BTC (solely because of my own sell order).  LTC is more stable and even worth it to keep as LTC instead of exchanging.

Offline achtung082

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Re: LTCGear qAsic Cloud Mining
« Reply #66 on: July 08, 2014, 01:54:27 PM »
Hope we see some progress on the trade-in soon, difficulty waits for no one.

Offline beekeeper

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Re: LTCGear qAsic Cloud Mining
« Reply #67 on: July 08, 2014, 02:45:15 PM »
Hope we see some progress on the trade-in soon, difficulty waits for no one.

Hey guys,
I am still stuck in Asia for another week.
I got some issues with paper database of sent items which diverge so far from website database (what a surprise), I got three versions of it and I am requested to acknowledge which one.. Database is required to initialize trade-in form since for each order different rates apply depending if order was or was not sent, etc.

Best Regards,
Chris

PS: If you do not get answered when using contact form or e-mail, please repeat in 24 - 48 hours, I left instructions home to mark inquires they do not answer as unread, but this do not always happen
PSS: Got tons of question about share price before multiplications. It was a marketing/sale event, shares are now at regular prices - same price they were since they were listed, sale price was in 'green'. It will probably happen again, but it was nothing unusual.




Offline kitano

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Re: LTCGear qAsic Cloud Mining
« Reply #68 on: July 08, 2014, 03:36:14 PM »
Bee, may you tell us something about the X11 conversion?

Offline Scrappy Do

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Re: LTCGear qAsic Cloud Mining
« Reply #69 on: July 10, 2014, 12:39:16 AM »
 Hey Bee,
 I sent you a response 2 days ago. Please read your PM's. :)

Offline kitano

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Re: LTCGear qAsic Cloud Mining
« Reply #70 on: July 10, 2014, 03:33:06 PM »
The X11 modifiers are avaliable on the shop!!

Offline Kim Jong-un

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Re: LTCGear qAsic Cloud Mining
« Reply #71 on: July 10, 2014, 04:23:22 PM »
The X11 modifiers are avaliable on the shop!!

Even with the DRK price plummeting recently, this looks like a pretty good deal.  Check my math, but  you get 3x the hashpower with the converted shares.  Farmshares currently hash at 63kh.  3x that rate is 189kh/s.  The M2 modifier is $200 and converts 200 farmshares.  That will yield  200*189kh=37.8Mh

Current calculations at CoinWarz give the following payouts:

Time Frame    DRK Coins    BTC     USD (BTC at $624.35)
Weekly    12.07208430    0.13136299    $82.02
Monthly    51.73750416    0.56298424    $351.50
 

If you kept those same 200 farmshares for Litecoin mining, you'd have 200x63=12.6Mh
Weekly    4.68392050    0.05943895    $37.26
Monthly    20.07394499    0.25473836    $159.69

So, as of now, it appears that you can recoup your investment in 3 weeks, and the X11 shares are twice as profitable as keeping farmshares. Remember however, these calculations can fluctuate a lot in a matter of minutes
« Last Edit: July 10, 2014, 08:37:06 PM by Kim Jong-un »

Offline supernocturnal

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Re: LTCGear qAsic Cloud Mining
« Reply #72 on: July 10, 2014, 05:45:22 PM »
already jumpin and buying 2 of X11 Mod M2....

will patiently waiting this order to get fulfilled ( already send some BTC with 8% disc....it really nice of LTCGear...)


Offline Kim Jong-un

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Re: LTCGear qAsic Cloud Mining
« Reply #73 on: July 10, 2014, 06:07:43 PM »
Bee.  Can you explain the addition of the Scrypt N address field.  Is there something else that you're planning to offer?  Vertcoin maybe?
« Last Edit: July 10, 2014, 08:37:34 PM by Kim Jong-un »

Offline wonko

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Re: LTCGear qAsic Cloud Mining
« Reply #74 on: July 10, 2014, 10:17:31 PM »
The X11 modifiers are avaliable on the shop!!

Even with the DRK price plummeting recently, this looks like a pretty good deal.  Check my math, but  you get 3x the hashpower with the converted shares.  Farmshares currently hash at 63kh.  3x that rate is 189kh/s.  The M2 modifier is $200 and converts 200 farmshares.  That will yield  200*189kh=37.8Mh

Current calculations at CoinWarz give the following payouts:

Time Frame    DRK Coins    BTC     USD (BTC at $624.35)
Weekly    12.07208430    0.13136299    $82.02
Monthly    51.73750416    0.56298424    $351.50
 

If you kept those same 200 farmshares for Litecoin mining, you'd have 200x63=12.6Mh
Weekly    4.68392050    0.05943895    $37.26
Monthly    20.07394499    0.25473836    $159.69

So, as of now, it appears that you can recoup your investment in 3 weeks, and the X11 shares are twice as profitable as keeping farmshares. Remember however, these calculations can fluctuate a lot in a matter of minutes

My calculations show about a 1month payoff period as well.  An excellent investment since I'm betting DRK won't disappear in that timeframe.  Thanks Chris ^_^ I bought myself a handful.

I'm guessing there's going to be modifiers for Scrypt-N coming out soon as well. Anyone know what the most profitable Scrypt-N coin is?