Litecoin GEAR ( LTCGear ) Payout - Sept. 19th-25th Weekly ROI 20.63% - TOTAL ROI at 107.24% (USD) & 125.00% (LTC) in 5 Weeks and 2 days！
Number of Days Since Initial Purchase – 5 weeks and 2 days (as of today, September 27th, 2014)
Currency Mined – Litecoin (LTC)
Contract Hash Rate – 864,000KH/s (originally, 160,000KH/s x 4 = 640,000KH/s (4 sets of ASIC Share 1K6X – Anniversary, products below) were purchased, but shares were multiplied by courtesy of Litecoin GEAR on Sept. 24th, 2014, to compensate for rising levels of difficulty)
Contract Length – 1-Year (although 2nd year costs will only be 5-20% of 1st year costs, to cover for electricity and hosting costs)
Payout Frequency – Every Friday (Originally payouts were on Sunday, and they were shifted to Saturday, but now, the date appears to have been fixed for Friday)
Amount Purchased – 3,688USD (approx. 733.9157429703 LTC @ 1LTC=5.0251 USD at the time)
Time Purchased – August 21st, 2014
Weekly Earnings (LTC) on Sept. 26th, 2014 − 151.39764 LTC (20.63% weekly ROI (LTC))
TOTAL Earnings (LTC) as of September 26th, 2014 – 917.42432LTC
TOTAL Earnings (USD) as of September 26th, 2014 – 3,955.02USD (@ 1LTC=4.311USD)
ROI (Return on Investment) (USD) as of September 26th, 2014 – 107.24%
ROI (Return on Investment) (LTC) as of September 26th, 2014 – 125.00%
Litecoin GEAR ( LTCGear ) payouts for Sept. 26th (covering Sept. 19th - 25th) have been confirmed.
We had 6,400 ASIC Shares as of last week, but due to Litecoin GEAR's FREE Share Multiplication on Sept. 24th, we now have 8,640 ASIC Shares.
Litecoin GEAR provides FREE Share Multiplications every 6 weeks to insure that users can receive relatively stable payouts. Without this measure, rising levels of difficulty will drastically reduce payout volume every week.
We were anticipating a payout of 151.2862207999296 LTC in payouts, but we confirmed receipt of 151.39764 BTC, which is 0.1114192000704 BTC more than what we had anticipated.
We don't know the exact reason for this, but we assume that it must be related to the difference in the ACTUAL daily payout volume per ASIC Share, and the AVERAGE daily payout volume per ASIC Share we used to calculate our hypothetical payout amount.
Calculation was complicated this week since there was FREE Share Multiplication on Sept. 24th, and the new multiplied shares were added to the equation for Sept. 24th and Sept. 25th.
Our weekly ROI in LTC was 20.63%.
Our TOTAL ROI is now at 125.00% in LTC, and 107.24% in USD. We value ROI in LTC more, since we would like to see how effective cloud mining is compared to buying cryptos at an exchange.
With Litecoin GEAR, we paid 3,688USD for the current contract which was 733.9157429703 LTC at the time. Had we bought litecoins then, that is more or less what we would have gotten.
Instead, by choosing to cloud mine with Litecoin GEAR, we have already received 917.42432 LTC with more to come. So, at this point, we can already say that cloud mining at Litecoin GEAR was a GREAT OPTION for us.
We don't value ROI in USD as much because the value of cryptos fluctuate constantly, and a sudden rise in value of litecoin for example, could cover up for a cloud mining operation that never ROIs in litecoin.
For example, even if the cloud mining payouts only amounted to 100LTC against our investment of 733.9157429703 LTC with not much more to be mined, we could still ROI 100% IF the value of litecoin jumps to 50USD, for example.
At 1LTC=50USD, 100LTC mined would be worth 5,000USD, which would be more than the 3,688USD we invested.
We could claim a 100% ROI based on this fact, but the actual reality is that we would have been much better off using 3,688USD to just buy 733.9157429703 LTC at an exchange and to hold onto it.
At 1LTC=50USD, 733.9157429703 LTC would be worth more than 36,000USD, so the decision to go with cloud mining instead and getting 5,000USD would have been a poor one.
All in all, we're happy with how Litecoin GEAR is going, and it is the #1 performing cloud mining company in our portfolio right now.