#ltcgear

LTCGear published its weekly report for farm payments on 12.12.2014.

LTCgear Is The Next GAWminers

25 January 2015 | BTC FEED | btcfeed.net

What is LTCgear?

LTCgear is a cloud mining service designed around Litecoin. It offered 2 products which are the 2ndGen pre and the 3K0 which are both currently out of stock.

  Cloud mining is a form of investment when one pays for a virtual space in the company’s mining farm. The cloud mining provider specifies a scheduled list of payouts which investors use to determine if the cloud mining contract is worth it. In case of LTCgear, it offered the best payouts out on scrypt/scrypt n/X11 cloud mining service, ROI 2 months as the title of their topic on bitcointalk.org suggests.

Unquestionably the highest paying, most reliable cloud coin mining site I have found in my travels so far. It takes a little getting used to, and is perhaps therefore not so newbie friendly, but more than worth it if you are at all familiar with cryptocurrency, bitcoin, litecoin et al. 

The main package currently being sold on ltcgear.com is the 1600, which with the discount code anniversary1yr plus purchase in bitcoin (total discount 57%) comes to about $846 USD (which at early Nov rates is $948 AUD).

At current rates, 1600 shares gets you $105USD /$122 AUD (measured against the current value of bitcoin - but, if you sell the litecoins you receive at somewhere like locallitecoins you may end up with more. I use shapeshift.io to transfer funds).

You can calculate your return on investment or ROI here: www.ltcgearcalc.com. The great thing about this site, all managed seemingly by a single guy named Chris, is not only that if you purchase midweek you'll get a whole week payout, but that Chris provides share multiplications roughly every six weeks, meaning even with litecoin's rising difficulty you're guaranteed a profit. Typically that's x1.35.

Payouts are weekly, currently on Friday (Saturday for Australians). 

Alternatives, if you're not sure if you want to put your precious bitcoin on a new venture, you can check out www.ltcminer.net. They provide share packages in smaller and more affordable increments - although at approximately $5.75USD per Mh/s, LTCGear is currently the cheapest cloud scrypt mining service around.