LTCGear Cloud Mining : 247.07% ROI (USD) & 365.12% ROI (LTC) After 4 Months of Cloud Mining！
December 12th 2014 Payout at LTCGear for 10,800 ASIC Shares (1,080 MH/s) was 143.41065 LTC or $487.60.
December 12th 2014 payout from LTCGear was 143.41065 LTC.
Using BTC-e.com’s exchange rate of 1LTC=$3.40 at the time of this writing, this week’s payout was $487.60.
December 12th payout arrived at around 2:30 AM UTC on December 13th.
Compared to last week's payout of 146.63863 LTC, there was a drop of about 2% in payouts.
Although payouts are steadily decreasing each week due to rising levels of difficulty in Litecoin, the next share multiplication, which is scheduled for December 24th, should boost our payouts on January 3rd 2015 payout (December 26th payout is likely to only include only 1 or 2 days of hashing at the new multiplied hash rate, probably not enough to boost payouts significantly).
Average Difficulty for December 12th 2014 Payout at LTCGear was 53,106
Average Litecoin Network Difficulty between November 28th and December 4th 2014 as announced by LTCGear was 53,106.
This is a 2.4% increase from last week’s difficulty level at 51,860.
The average rate of increase in difficulty for the past 8 weeks was about 5.9%, so this week’s 2.4% increase in difficulty is actually below average.
Oct. 10th-Oct. 16th : 36,019
Oct. 17th-Oct.23rd : 36,369 (+1%)
Oct. 24th-Oct. 30th : 37,489 (+3%)
Oct. 31st-Nov. 6th : 38,879 (+4%)
Nov. 7th-Nov. 13th : 41,212 (+6%)
Nov. 14th-Nov. 20th : 44,108 (+7%)
Nov. 21st-Nov. 27th : 49,651 (+13%)
Nov. 28th-Dec. 5th : 51,860 (+4%)
Dec. 5h-Dec. 11th : 53,106 (+2.4%)
However, the sudden difficulty spike on December 10th to above 56,000 was significant, and we anticipate average difficulty level will rise significantly next week.
LTCGear ROI 247.07% (USD) and 365.12% (LTC) in 4 Months!
It’s been 16 weeks and 2 days or over 4 months now since we started cloud mining at Litecoin GEAR.
Our TOTAL accumulated payouts from LTCGear stands at about 2,680 LTC. At 1LTC=$3.40, our accumulated earnings from LTCGear convert to $9,112.
Our ROI in USD is 247.07% as we purchased 640 MH/s for $3,688 in August.
During the course of the past 4 months, our original hashing power of 640 MH/s has been upgraded to 1,080 MH/s through 2 FREE share multiplications conducted by LTCGear.
LTCGear offers FREE share multiplications to existing users every 6 weeks to maintain steady payouts despite the increase in mining difficulty (next share multiplication is scheduled for December 24th).
Our ROI in LTC is even higher. Our purchase price for 640 MH/s back in August was approximately 734 LTC, when 1LTC=$5.0251.
We spent 734 LTC to start cloud mining at LTCGear and now have 2,680 LTC in our wallet after nearly 4 months of sticking with LTCGear. Our ROI for LTC is now at 365.12%!
We're grateful to LTCGear for these exceptional returns.
In an industry where many companies are offering cloud mining products that will never reach 100% ROI let alone 50% ROI, LTCGear has proven itself over and over again, with steady, excellent results in the form of payouts.
Our LTCGear Cloud Mining Contract Details
Cloud Mining Service – LTCGEAR (Litecoin GEAR)
Number of Days Since Initial Purchase – 16 weeks and 2 days or 4 months (as of December 12th, 2014)
Currency Mined – Litecoin (LTC)
Contract Hash Rate – 1,080,000KH/s or 1,080MH/s (originally, 160,000KH/s x 4 = 640,000KH/s were purchased (4 sets of ASIC Share 1K6X – Anniversary with a 49% DISCOUNT).
Shares were further multiplied by courtesy of Litecoin GEAR on Sept. 24th, 2014 (5th share multiplication, 1.35 multiple), and on November 11th, 2014 (6th share multiplication, 1.25 multiple) to compensate for rising levels of difficulty.
The next share multiplication is scheduled for December 24th, 2014.
Although ASIC Share 1K6X (the product we purchased in August) is no longer being sold at LTCGear, a much better product in terms of price per MH/s has been released called ‘ASIC Share 3K0‘.
‘ASIC Share 3K0‘ provides 300 MH/s of hashing power for ONLY $899, which translates to $3.00/MH/s.
$3.00/MH/s is much cheaper than $5.76/MH/s we had to pay back in August, and it's the best Litecoin cloud mining price per MH/s in the market right now. Estimated ROI is 7-8 weeks.
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 (usually between 20:00 – 24:00 UTC, with occasional delays)
Amount Purchased – $3,688 (approx. 734 LTC @ 1LTC=$5.0251 at the time)
Time Purchased – August 21st, 2014
Weekly Payouts (LTC) on December 12th, 2014 − 143.41065 LTC (19.54% weekly ROI (LTC))
TOTAL Payouts (LTC) as of December 12th, 2014 –2,680 LTC
TOTAL Payouts (USD) as of Decebmer 12th, 2014 – $9,112 (@ 1LTC=$3.40 on BTC-e.com)
ROI (Return on Investment) (USD) as of December 12th, 2014 – 247.07%
ROI (Return on Investment) (LTC) as of December 12th, 2014 – 365.12%