Cloud Mining Earnings

LTCGear ROI 242.14% (USD), 345.68% (LTC) After 15 Weeks & 2 Days!

2014/12/06

LTCGear ROI

December 5th 2014 Payout for LTCGear 10,800 ASIC Shares (1,080 MH/s) was 146.63863 LTC or $516.17

December 5th 2014 payout from LTCGear was 146.63863 LTC.  Using BTC-e.com's exchange rate of 1LTC=$3.52 at the time of this writing, this week's payout was $516.17.

LTCGear ROI

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December 5th payout arrived at around 01:00 UTC on December 6th 2014.

Compared to November 28th payout of 153.40913 LTC, there was a drop of more than 4% in payouts.

LTCGear ROI

 

Average Difficulty for December 5th Payout at LTCGear was 51,860

Average Litecoin Network Difficulty between November 28th and December 4th 2014 as announced by LTCGear was 51,860.  This is a 4% increase from last week's difficulty level at 49,651.

The rate of difficulty increase was higher last week (13%) and the week before (7%).

In fact, the average rate of increase in difficulty for the past 7 weeks has been about 6.3%, so this week's 4% increase in difficulty is actually below average, and shows that rate of difficulty increase has slowed down this week.

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%)

 

LTCGear ROI 242.14% (USD) and 345.68% (LTC) in 15 Weeks and 2 Days!

It's been 15 weeks and 2 days or almost 4 months now since we started cloud mining at Litecoin GEAR.

Our TOTAL accumulated payouts from LTCGear stands at about 2,537 LTC.  At 1LTC=$3.52, our accumulated earnings from LTCGear convert to $8,930.

Our ROI in USD is 242.14% as we purchased 640 MH/s for $3,688 in August.

Our 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 733.9157429703 LTC, when 1LTC=$5.0251.

We spent 733.9157429703 LTC to start cloud mining at LTCGear and now have 2,537 LTC in our wallet after nearly 4 months of sticking with LTCGear.  Our ROI for LTC is a whopping 345.68%!

 

Our LTCGear Cloud Mining Contract Details

Cloud Mining Service – LTCGEAR (Litecoin GEAR)

Number of Days Since Initial Purchase – 15 weeks and 2 days (as of December 5th, 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 in stock at LTCGear, a much better product in terms of price per MH/s has been released called 'ASIC Share 3K0'.

LTCGear ROI

'ASIC Share 3K0' provides 300 MH/s of hashing power for ONLY $899, which translates to $3.00/MH/s.  This is much cheaper than the $3,688 we paid for 640 MH/s, or $5.76/MH/s back in August.  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. 733.9157429703 LTC @ 1LTC=$5.0251 at the time)

Time Purchased – August 21st, 2014

Weekly Payouts (LTC) on December 5th, 2014 −  146.63863 LTC (19.98% weekly ROI (LTC))

TOTAL Payouts (LTC) as of December 5th, 2014 –2,537 LTC

TOTAL Payouts (USD) as of Decebmer 5th, 2014 – $8,930 (@ 1LTC=$3.52 on BTC-e.com)

ROI (Return on Investment) (USD) as of December 5th, 2014 – 242.14%

ROI (Return on Investment) (LTC) as of December 5th, 2014 – 345.68%

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