LTCgear Anniversary ASIC 1K6X 160MH/s Results - Oct. 17th Weekly ROI 23.02%, TOTAL ROI 152.83% (USD) & 194.26% (LTC) in 8 Weeks & 2 Days！
Cloud Mining Service – LTCGEAR (Litecoin GEAR)
Number of Days Since Initial Purchase – 8 weeks and 2 days (as of Oct. 17th, 2014)
Currency Mined – Litecoin (LTC) — this week’s payout came in LTC fine; reason for last week’s payment in BTC not known as of today (we contacted Support, but they weren’t able to provide a specific reason)
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% OFF, 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. 17th, 2014 − 168.96052LTC (23.02% weekly ROI (LTC))
TOTAL Earnings (LTC) as of Oct. 17th, 2014 – 1,425.7385551607 LTC
TOTAL Earnings (USD) as of Oct. 17th, 2014 – $5,636.31 (@ 1LTC=$3.953259 on BTC-e.com)
ROI (Return on Investment) (USD) as of Oct. 17th, 2014 – 152.83%
ROI (Return on Investment) (LTC) as of Oct. 17th, 2014 – 194.26%
Another week of great cloud mining payouts from LTCgear.com is in! This week payouts were in 4.5 hours earlier than last week, at around 6PM on Oct. 17th, 2014, GMT.
This week, the average difficulty (as measured and reported by Litecoin GEAR) was 36,019, which was lower than last week's average difficulty at 36,595.
As a result we received 168.96052 LTC, which was 2.71091 LTC more than last week's litecoin output.
As of today, our initital investment of apporximately 733.9157429703 LTC on August 21st, 2014, has tuned into 1,425.7385551607 LTC in our wallet!
This is a return of 194.26% in just 8 weeks and 2 days!
In dollar terms, returns are more conservative, as Litecoin price has gone down from $5.0251 at the time of purchase to $3.953259 today. However, it is still valued at $5,636.31, which is 152.83% of our initial investment of $3,688.
We're very glad to have made the decision to purchase 4 sets of 'ASIC Share 1K6X - Anniversary' in August, 2014!
For weekly reports leading up to this week, read our past LTCgear Reviews.