Cloud Mining News & Reviews

Litecoin GEAR ASIC & Farm$hare FREE Share Multiplication Completed!Multiple 1.35 for Sept. 20th, 2014 Multiplication!

2014/10/03

Litecoin GEAR ASIC

Sept. 20th, 2014 share multiplication, which was delayed to Sept. 24th, is now complete.  Litecoin GEAR's website, LTCGear.com, was temporarily down for maintenance, but it is now back online!

We owned 6,400 ASIC Shares at Litecoin GEAR, which we purchased for 3,688USD (922USD for 1 set of 1,600 ASIC Shares - ASIC Share 1K6X - 4 sets in total) using their Anniversary coupon (we thought their Anniversary sale would be over by now, but it looks like they are still on SALE at this moment)!.

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Now, these 6,400 ASIC Shares have been multiplied by a factor of 1.35, and we were allocated 2,240 NEW ASIC Shares, bringing our total hash power to 8,640 ASIC Shares (1 ASIC Share = 100KH/s of mining power), or 864 MH/s.

We assume the same share multiplication was applied to Farm$hare owners.

Litecoin GEAR ASIC

Litecoin GEAR ASIC

At first, we paid 3,688USD for 640 MH/s, so our cost per MH/s was approximately 5.76USD/MH/s.

NOW, with hash power at 864 MH/s, our cost per MH/s is down to 4.27 USD/MH/s!

Litecoin GEAR's FREE share multiplication service provides share upgrades by a multiple of 1.35 to 1.50 every 6 weeks to compensate for rising levels of difficulty.

It's a very nice service feature they are providing because without these share upgrades, rising levels of difficulty in litecoin lead to an almost certain, quick decrease in mining payouts!

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