Litecoin GEAR ROI - Weekly ROI 22.79% (LTC) - TOTAL ROI 158.95% (USD) & 217.06% (LTC) in 9 Weeks & 2 Days！
Cloud Mining Service – LTCGEAR (Litecoin GEAR)
Number of Days Since Initial Purchase – 9 weeks and 2 days (as of Oct. 24th, 2014)
Currency Mined – Litecoin (LTC)
Contract Hash Rate – 864,000KH/s or 864MH/s (originally, 160,000KH/s x 4 = 640,000KH/s (4 sets ofASIC Share 1K6X – Anniversary, products below) were purchased, using ‘anniversary1yr’ coupon for a 49% DISCOUNT, but then shares were further 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 – $3,688 (approx. 733.9157429703 LTC @ 1LTC=$5.0251 at the time)
Time Purchased – August 21st, 2014
Weekly Earnings (LTC) on Oct. 24th, 2014 − 167.26628LTC (22.79% weekly ROI (LTC))
TOTAL Earnings (LTC) as of Oct. 24th, 2014 – 1,593.0048351607 LTC
TOTAL Earnings (USD) as of Oct. 24th, 2014 – $5,862.26 (@ 1LTC=$3.68 on BTC-e.com)
ROI (Return on Investment) (USD) as of Oct. 24th, 2014 – 158.95%
ROI (Return on Investment) (LTC) as of Oct. 24th, 2014 – 217.06%
Another day of GREAT PAYOUTS from LTCgear!
We received 167.26628 LTC for the period of Oct. 17th - Oct. 23rd 2014. Although Litecoin mining difficulty has recently risen to the 38,000s yesterday, average difficulty level for Oct. 17th - 23rd was 36,369, which was slightly higher than Oct. 10th - Oct. 16th average of 36,019 and slightly lower than Oct. 3rd - 9th average of 36,595.
Consequently, this week's payout of 167.26628 LTC fell in between last week's 168.96052 LTC, and Oct. 3rd -9th payout of 166.24961 LTC.
Payouts came in early, at around 5PM GMT on Oct. 24th. Litecoin GEAR used to take time with their payouts with funds coming in after 12PM GMT on payout day, but for the last two payments, everything has been extremely smooth, with payouts coming in well ahead of 12PM GMT on payout day.
As of Oct. 24th, 2014, we have received a TOTAL of 1,593.0048351607 from Litecoin GEAR. Had we purchased Litecoins from an exchange on August 21st, 2014, when we purchased our mining contract with Litecoin GEAR, we would have ended up with 733.9157429703 LTC, which is 859.0890921904 LTC less. In retrospect, it was a GREAT investment decision to have chosen to cloud mine with Litecoin GEAR.
Our returns in US dollars is less, due to the decline in the value of Litecoins since the time of our purchase. When we purchased our mining contract, Litecoin value was $5.0251, but today, it is at $3.68, nearly a 27% decline. However, even at the current value of $3.68, our TOTAL payouts from Litecoin GEAR is currently valued at $5,862.26, which is 158.95% of our investment.
Compared to daily ROI results from ZeusHash (0.63% daily ROI), Genesis Mining (0.46% daily ROI), and GAW Miners' Zen Hashlet (0.33% daily ROI) on Oct. 21st, 2014, it's easy to see that Litecoin GEAR's is in a league of its own.
Using Oct. 21st exchange rate of 1LTC=$3.861(BTC-e), which was used to measure ROI for the 3 companies above, our weekly earnings of 167.26628LTC would translate to $645.82, which is 17.51% of our purchase price of $3,688. 17.51% in 7 days is 2.22% daily ROI, which is 3.5 - 6.7 times better than the other scrypt cloud mining companies.
For weekly reports leading up to this week, read our past LTCgear Reviews.