LTCGear Payout November 21st 2014 172.67803 LTC or $594.01！TOTAL ROI 208.70% (USD), 304.86% (LTC) in 13 Weeks & 2 Days！
November 21st 2014 Payout from LTCGear was 172.67803 LTC or $594.01
November 21st 2014 payout from LTCGear was 172.67803 LTC. Using BTC-e.com's exchange rate of 1LTC=$3.44 at the time of this writing, this week's payout was $594.01.
Last week's payout on November 14th, 2014 was a combination of hashing at 1,080 MH/s (or 1.08 GH/s) which is the NEW hash rate AFTER the 6th multiplication and the OLD hash rate of 864 MH/s BEFORE the 6th share multiplication.
This week's payout was a result of an entire week's worth of hashing at the NEW rate of 1,080 MH/s, which is why the payout is about 13% higher than last week's. Here's our payouts history for the past 5 weeks:
As you can see, our weekly payouts for the past 5 weeks had been steadily declining due to rising levels of mining difficulty. It's great to see weekly payouts go up again to 172.67803 LTC, thanks to share multiplication by LTCGear.com.
Average Difficulty for November 14-20th at LTCGear was 44,108
Average Litecoin Network Difficulty between November 14-20th as announced on the Farm Payments page at LTCGear was 44,108. This is a 7% rise in difficulty compared to last week's difficulty at 41,212.
A 7% rise in difficulty is the highest jump in difficulty we have seen in the last 4 weeks.
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%)
TOTAL LTCGear Payouts Now at 2,237.4279851607 LTC or $7,697 in 13 Weeks and 2 Days
13 weeks and 2 days or over 3 months have passed since we began cloud mining at LTCGear. Our TOTAL payouts are now at 2,237.4279851607 LTC, which is $7,697 using the current exchange rate of 1LTC=$3.44 at the time of this writing.
Our total payouts in USD has dropped from last week's $7,846 to $7,697 despite the increase in our Litecoins because Litecoin value has gone down from 1LTC=$3.80 to 1LTC=$3.44 in just 1 week.
We try not to pay too much attention to the short term change in value of LTC in USD as our long term outlook for Litecoins is bullish, and we see the value of Litecoins in USD going up over time.
We now have over 2,237 LTC but had we not chosen to cloud mine at LTCGear and chosen to just buy Litecoins at an exchange with our contract price of $3,688, we would have been left with only about 734 LTC.
By choosing cloud mining instead of simply buying, and by choosing Litecoin GEAR instead of other cloud mining companies, we were able to receive about 1,503 LTC more, with more coins to come in future payouts.
The difference is significant, we're grateful each week for having picked LTCGear.com.
Our LTCGear Contract Details
Cloud Mining Service – LTCGEAR (Litecoin GEAR)
Number of Days Since Initial Purchase – 13 weeks and 2 days (as of Nov. 21st, 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 (4 sets of ASIC Share 1K6X – Anniversary) were purchased, using ‘anniversary1yr’ coupon for a 49% DISCOUNT, but then 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.
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
Amount Purchased – $3,688 (approx. 733.9157429703 LTC @ 1LTC=$5.0251 at the time)
Time Purchased – August 21st, 2014
Weekly Payouts (LTC) on Nov. 21st, 2014 − 172.67803 LTC (23.53% weekly ROI (LTC))
TOTAL Payouts (LTC) as of Nov. 21st, 2014 –2,237.4279851607 LTC
TOTAL Payouts (USD) as of Nov. 21st, 2014 – $7,696.75 (@ 1LTC=$3.44 on BTC-e.com)
ROI (Return on Investment) (USD) as of Nov. 21st, 2014 – 208.70%
ROI (Return on Investment) (LTC) as of Nov. 21st, 2014 – 304.86%