LTCGear Reviews - Sept. 26th - Oct. 2nd, 2014 - Which Was More Profitable at LTCGear, LTC or FTC for Oct. 3 Payout？
Weekly payout for the period of Sept. 26th to Oct. 2nd, 2014 at LTCGear was 0.02003664 LTC / 1 ASIC Share.
Since we own 8,640 ASIC Shares (we purchased 4 sets of 1K6X Anniversary sets, which was 6,400 ASIC Shares, but after Sept. 20th FREE share multiplication, shares were increased to 8,640), our weekly payout was
8,640 ASIC Shares x 0.02003664 LTC / 1 ASIC Share = 173.1165696 LTC
This is our anticipated LTC payout for tonight. We are still waiting for the payout to arrive. It usually takes a few hours to arrive.
While we wait for the weekly payout to arrive, we would like to compare what the mining difference between Litecoin and Feathercoin were.
We thought Feathercoin was no longer available for payouts since it doesn't appear in the 'Coin choice' selection, but since calculations for Feathercoin are up, perhaps Feathercoin is available as a payment choice. We will try to contact LTCGear Support for answers regarding this issue and post updates when we hear from them.
According to the 'Farm Payments' page, this week's Feathercoin mining at LTCGear would have yielded 3.50333511 FTC for 1 ASIC Share.
Since we own 8,640 ASIC Shares
8,640 ASIC Shares x 3.50333511 FTC / 1 ASIC Share = 30,268.8153504 FTC
Although LTCGear has been offering automatic exchanges to Bitcoins for Litecoin, Vertcoin, and Darkcoin mined at LTCGear, Feathercoin was never a part of this new service.
So, we have been relying on btc-e.com for FTC/BTC, and today's rate is 0.00006.
Our Feathercoin weekly payout, in BTC, would be
30,268.8153504 FTC x 0.00006 BTC/FTC = 1.816128921 BTC
On the other hand, our weekly Litecoin payout, in BTC, is
173.1165696 LTC x 0.0115 BTC/LTC = 1.9908405504 BTC
using LTCGear's 0.0115 LTC/BTC rate.
So, for the week of Sept. 26th - Oct. 2nd, 2014 at LTCGear, Litecoin would have yielded 1.9908405504 BTC while Feathercoin mining would have yielded 1.816128921 BTC, using today's exchange rates.
Although we had mistakenly thought that the option of mining Feathercoin was gone (since it didn't appear in the list of coins on 'Coin choice'), looking back, it was a good decision to have stuck with Litecoin this.
Litecoin has performed better than Feathercoin (in payouts calculated in BTC) at LTCGear on all payouts for the past month except for Sept. 12th-18th period.