LTCGear Farm Payments Page for Oct. 10th, 2014 Payout Updated at Around 8PM GMT！
Litecoin GEAR's weekly 'Farm Payments' page was updated on Oct. 10th, 2014, at around 8PM GMT. Usually, payouts are transferred within a few hours from the 'Farm Payments' page update.
We currently own 8,640 ASIC Shares at LTCGear.com (We had purchase 4 sets of 1K6X ASIC Shares - Anniversary using the annual coupon 'anniversary1yr' in mid-August, which gave us 6,400 ASIC Shares, but after 1 round of FREE share multiplication, which LTCGear provides to compensate for rising levels of litecoin difficulty, our shares were increased to 8,640 ASIC Shares), which is 860 MH/s of cloud mining power since 1 ASIC Share = 100KH/s.
This week, 1 ASIC Share at Litecoin GEAR yielded 0.01924225 LTC over 7 days. Since we own 8,640 ASIC Shares, our weekly payout would be 166.25304 LTC, and this is the amount we are expecting to be transferred in a few hours time.
Weekly difficulty from Oct. 3rd to Oct. 9th 2014 remained somewhat stable hovering between 36,200 - 36,400. However, the long term trend is still up, and litecoin mining difficulty is bound to get more and more difficult.
Payouts from Litecoin GEAR arrived past 12PM GMT last week (technically on Oct. 4th), so we expect something similar this week, and plan to make an update once they arrive.
With the ASIC 1K6X Share - Anniversary contract we are on, it's possible to select between Litecoin and Feathercoin for mining. This week's Feathercoin mining resulted in 2.75732476 FTC per ASIC Share.
At 8,640 ASIC Shares, this is 23,823 FTC. At BTC-e.com's exchange rate of 1FTC=0.00007BTC, this week's Feathercoin mining would be translated to 1.66761 BTC.
Looking at Litecoin, we had 166.25304 LTC for this week, which, at Litecoin GEAR's current exchange rate of LTC/BTC=0.0106, Litecoin mining would equal 1.762282224 BTC.
So, from Oct. 3rd - Oct. 9th, 2014, we would have mined more Bitcoins with Litecoin mining at Litecoin GEAR than Feathercoin mining. Litecoin has performed better than Feathercoin in terms of BTC payouts for the past month or so, and this weeks result validates this trend.