Cloud Mining News & Reviews

Litecoin GEAR - One Day Earlier Payout Announcement & Simulation on Vertcoin, Darkcoin, Feathercoin, and Litecoin Output at LTCGear.com Converted to Bitcoins to See Which Coin Yields More Bitcoins

2014/10/03

Litecoin GEAR

Update from Litecoin GEAR (ltcgear.com) - payouts will be conducted one day earlier on September 19th, 2014 (today).

Last week, payouts were conducted one day earlier in the same manner, so this is 2 weeks of early payouts in a row.

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We haven't been able to verify the payout at this moment (this is normal - they usually take a few hours to complete payouts).

While we wait for the payout to come in, we would like to go through this week's payout in different coins offered at Litecoin GEAR to see each coin's output in BTC.

Since we own 6,400 ASICs at Litecoin GEAR, which converts to 640,000 KH/s (1 ASIC = 100KH/s), we will use this to see our hypothetical payouts for each coins.

LITECOIN - 1.6509466624BTC (Sept. 12-18th, 2014 at Litecoin GEAR)

This week, 1 ASIC share at Litecoin GEAR yielded 0.02303218 LTC.  Since we have 6,400 ASICs, out total litecoin output is

6,400 ASICs x  0.02303218 LTC/ASIC = 147.405952 LTC.

Since the conversion rate offered by Litecoin GEAR for LTC/BTC is 0.0112, our litecoin output converted to bitcoins is

147.405952 LTC x 0.0112 BTC/LTC = 1.6509466624 BTC

Litecoin GEAR

DARKCOIN - 3.072059904 BTC (Sept. 12-18th, 2014 at Litecoin GEAR)

This week, 1 ASIC share at Litecoin GEAR yielded 0.06000117 DRK.  Since we have 6,400 ASICs, out total darkcoin output is

6,400 ASICs x  0.06000117 DRK/ASIC = 384.007488 DRK

Since the conversion rate offered by Litecoin GEAR for DRK/BTC is 0.008, our darkcoin output converted to bitcoins is

384.007488 DRK x 0.008 BTC/DRK = 3.072059904 BTC

Litecoin GEAR

VERTCOIN - 4.948069587968 BTC (Sept. 12-18th, 2014 at Litecoin GEAR)

This week, 1 ASIC share at Litecoin GEAR yielded 3.71699939 VTC.  Since we have 6,400 ASICs, out total darkcoin output is

6,400 ASICs x  3.71699939 VTC/ASIC = 23788.796096 VTC

Since the conversion rate offered by Litecoin GEAR for VTC/BTC is 0.000208, our vertcoin output converted to bitcoins is

23788.796096 VTC x 0.000208 BTC/VTC = 4.948069587968 BTC

Litecoin GEAR

FEATHERCOIN - 2.26767202816 BTC (Sept. 12-18th, 2014 at Litecoin GEAR)

This week, 1 ASIC share at Litecoin GEAR yielded 5.06176792 FTC.  Since we have 6,400 ASICs, out total darkcoin output is

6,400 ASICs x  5.06176792 FTC/ASIC = 32395.314688 FTC

There is no conversion rate offered by Litecoin GEAR for FTC.

BTC-e's rate for FTC/BTC is 0.00007, our feathercoin output converted to bitcoins is

32395.314688 FTC x 0.00007 BTC/FTC = 2.26767202816 BTC

Litecoin GEAR

So, bitcoin output ranking (in pure volume) for 6,400 ASIC Shares at Litecoin GEAR was in the following order:

#1  VERTCOIN - 4.948069587968 BTC

#2  DARKCOIN - 3.072059904 BTC

#3  FEATHERCOIN - 2.26767202816 BTC

#4  LITECOIN - 1.6509466624BTC

For us, the type of shares we have allows us to switch between Litecoin and Feathercoin (we haven't purchased the extra modules that make VTC and DRK mining possible), so between the two coins, we should have selected Feathercoin this week (which we did not).

These numbers fluctuate every week, so even if we switched to Feathercoin for the upcoming week, by next week's payout, Litecoin could be yielding more bitcoins than Feathercoin - at least that has been the trend for the last few weeks.

The trend may have reversed and going forward, it may be more profitable to mine Feathercoin than Litecoin at Litecoin GEAR, but we're not sure yet, so we will stick to Litecoin until we're convinced the trend is here to stay.

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