Nxt Forum

Nxt Discussion => Nxt Asset Exchange => Topic started by: Cryptographer on September 22, 2014, 04:58:37 pm

Title: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on September 22, 2014, 04:58:37 pm
NXT asset ID 2128300325778905751, Issuing account NXT-5C45-E8JS-AC42-7KMSQ

Estimated APR @ 100 NXT per share: 2500%.  Time to make ROI from dividends: 12 weeks. (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
Any income generated with our affiliate link (http://ltcgear.com?apage=216) will go directly towards increasing hashpower for the fund


Description:

LTCshare2G is a scrypt cloud mining asset that will great APR, fast ROI, and steadily increasing weekly dividends. Revenue from 2500 of T2 and 3000 of T3 share sales will be reinvested in hashpower. No fees will be taken from investor profits and the full 35% hashrate bonus from our mining provider will remain in the asset account.


Specifications:

Dividends Paid:
Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)

Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXTSOLD OUT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


Bulletins:

12/16/2014 Current Hashrate: 11.885 GH/s (594.25 KH/s per share)
(http://i.imgur.com/cABPFdR.jpg)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 22, 2014, 05:16:12 pm
2 posts?
Please don't invest more than you are able to lose, people.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 22, 2014, 07:40:29 pm
Hi pf,

Thanks for your concern and trying to protect NXT investors from possible scams. No need to worry. Yes, I am fairly new on NXT forum but have been active on bitcointalk for the past year, and this asset is definitely not a scam.

We spoke on the phone a few minutes ago, and I've sent you photos of my driver's license, links to Facebook and LinkedIn profiles, and am talking with jefdiesel and whale to have this asset listed with NXTinspect.  Anyone who sends me a private message I will be happy to give you my personal information.

Go NXT!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 22, 2014, 09:08:39 pm
Wow, 1st level "yardsale" IPO is almost sold out. Thank you for your trust NXT members! Over the coming weeks of paying dividends I hope that there is no question of me being a scammer.

On a side note, can anyone show me the ropes with dividend paying? Does it have to be done manually to each purchasing account?

Thanks,
Zack
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: valarmg on September 22, 2014, 09:13:53 pm
Wow, 1st level "yardsale" IPO is almost sold out. Thank you for your trust NXT members! Over the coming weeks of paying dividends I hope that there is no question of me being a scammer.

On a side note, can anyone show me the ropes with dividend paying? Does it have to be done manually to each purchasing account?

Thanks,
Zack

Go to multigateway.org, download the client from there and click on NxtServices>Dividends+

This is the thread if you have any problems: https://nxtforum.org/nxtservices-releases/dividends-release/
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 22, 2014, 09:15:41 pm
Wow, 1st level "yardsale" IPO is almost sold out. Thank you for your trust NXT members! Over the coming weeks of paying dividends I hope that there is no question of me being a scammer.

On a side note, can anyone show me the ropes with dividend paying? Does it have to be done manually to each purchasing account?

Thanks,
Zack

Go to multigateway.org, download the client from there and click on NxtServices>Dividends+

Great, thank you!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 22, 2014, 09:37:06 pm
----
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 22, 2014, 10:11:19 pm
Hi guys,

I just got off the phone with Zack. While I can't state 100% that this is a legit asset, I have the general gut feeling that it is.
He also has an established ebay store with quite a good reputation on it - I suggested that perhaps he post the link to the ebay store, and on the actual ebay store a link back to this thread, so people can see that he has an established reputation online elsewhere as not being a scammer!

** this post is not investment advice

Thanks pf, good talking to you just now
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Bl4ckw00d on September 22, 2014, 11:08:49 pm
I have done business with zman for quite sometime,   he is not messing around.

 I bought as many btc worth as i had available.   Even at tier 2 this will be a steal in 2 weeks
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 12:14:00 am
I have to ask - why does your 'store' ship from a different state than you are located in?
Also, why are you pre-selling orders for Bitmain L1's when you're providing only cloud-based mining contracts here? Are you planning on eventually hosting your own gear?
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 01:11:30 am
Because I live about 20 minutes from the ebay location. No dude, ebay is different than NXT AE. Detective pf to the rescue!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 01:33:26 am
LTCshares and LTCshares1 are now merged into LTCshare2G - 2GH of scrypt hashpower AT LAUNCH and increasing each week

So, due to the unexpected speed at which tier 0 and tier 1 sold out, I am going to create an identical fund with an additional 1 GH/s of Scrypt hashpower called... can you guess it? LTCshares1! Creative, I know.

This will allow those who missed out on the lower priced tiers to get shares at the starting rate.  I will post the NXT asset ID here as soon as the fund is created.

Pricing for LTCshares1 will be:

Tier 1: 2000 shares @ 40 NXT
Tier 2: 3000 shares @ 65 NXT
Tier 3: 4000 shares @ 100 NXT

10 shares = 1 MH/s at the beginning of the fund, but MH/s per share will increase each week with the 35% re-investment rate. I'll keep 1000 shares out of this asset also.

Thank you for your trust I won't let you down!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: a7594li on September 23, 2014, 01:48:28 am
How do you ensure that you have  hold 2 GH/s of Scrypt hash power?
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 01:51:37 am
Account holdings were verified by doing a live screen share via Skype with spaw while I logged into the mining account.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Klokan on September 23, 2014, 01:55:09 am
So, due to the unexpected speed at which tier 0 and tier 1 sold out, I am going to create an identical fund with an additional 1 GH/s of Scrypt hashpower called... can you guess it? LTCshares1! Creative, I know.

This will allow those who missed out on the lower priced tiers to get shares at the starting rate.  I will post the NXT asset ID here as soon as the fund is created.

Pricing for LTCshares1 will be:

Tier 1: 2000 shares @ 40 NXT
Tier 2: 3000 shares @ 65 NXT
Tier 3: 4000 shares @ 100 NXT

10 shares = 1 MH/s at the beginning of the fund, but MH/s per share will increase each week with the 35% re-investment rate. I'll keep 1000 shares out of this asset also.

Thank you for your trust I won't let you down!

I'm the first buyer of LTCshares1 assets, yep :-). Thanks for your work, Zack, and good luck to you (and also to all of us, shareholders) with mining!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 01:59:20 am
Please people, be very careful about this.
Zack, I strongly encourage you to slow things down.  It won't hurt to pay out a week's dividend before starting any additional assets, anything else looks a bit scammy.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: a7594li on September 23, 2014, 02:01:58 am
Oh,No,when you create LTCShares2?
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 02:04:27 am
Thank you Klokan!  Thanks for the advice pf, in hindsight I see it was a mistake to offer a second asset so soon, I wasn't aware of Evolve and Evolve2 (yeah I am new to the NXT AE lol)

Sorry about that! We're all merged into LTCshare2G now, one big happy family with a crapload of hashpower  ;D
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 02:05:09 am
Oh,No,when you create LTCShares2?

Actually, created LTCshare2G and merged LTCshares and LTCshares1 into it :)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 02:26:56 am
Very pleased with our current progress!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: a7594li on September 23, 2014, 02:36:51 am
I want to verify your 2G Scrypt hash power

-o stratum+tcp://stratum.f2pool.com:8888 -u a7594li -p 123456

I just verify your power,I will send LTC to you that your mined.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 03:01:11 am
I want to verify your 2G Scrypt hash power

-o stratum+tcp://stratum.f2pool.com:8888 -u a7594li -p 123456

I just verify your power,I will send LTC to you that your mined.

It's hosted cloud mining, I don't have control over the pool.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 03:18:07 am
The best I can do for verification is screen shots from the accounts - http://imgur.com/VJvgnge,aUvImFA#0

600 MH/s  and 1500 MH/s. Tomorrow the entire 2000 MH/s will be on a single account dedicated to LTCshares and LTCshares1.  The week's earnings summary and dividend payment will be posted each Sunday or Monday.

EDIT: The asset account now holds 2 GH/s hashpower at LTCgear.com. I will Teamviewer or screen share with Skype anyone who wants to verify the holdings. (1qASIC share = 0.1 MH/s)
(http://i.imgur.com/GT4Og6I.jpg)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: a7594li on September 23, 2014, 03:21:52 am
screen shots, you joking!
I will not buy any your asset.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 03:44:42 am
screen shots, you joking!
I will not buy any your asset.

Ok, I have screen-shared with spaw and he watched me login to the account.



In other news, last week's payouts were approx 32 NXT per MH/s per week (0.00255 BTC/MH/s per week) . With 35% reinvested in hashpower, we should see dividends somewhere in the ballpark of 20 NXT per MH/s (2 NXT per share) next week, of course depending on current LTC profitability, exchange rates etc etc. Payout per share should get larger every week as we accumulate more hashpower.

I'm excited to have this Asset up and running and am looking forward to making our investments grow together! Have a good night everyone!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 03:48:28 am
Altough I bought some of your asset, I don't like the fact that you want to go really fast opening a second asset so fas do not look good at all. A recent scammer just did that to the Nxt community.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 03:54:51 am
The best I can do for verification is screen shots from the accounts - http://imgur.com/VJvgnge,aUvImFA#0

600 MH/s  and 1500 MH/s. Tomorrow the entire 2000 MH/s will be on a single account dedicated to LTCshares and LTCshares1.  The week's earnings summary and dividend payment will be posted each Sunday or Monday.

Please allow someone of trust to teamviewer your account.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 04:27:13 am
So you keep for yourself 1000 shares of LTCShares1? or what you plan to do with it. Please explain your business so people know precisely what to expect. Transparency, is what this Nxt community is expecting.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 04:59:26 am
The best I can do for verification is screen shots from the accounts - http://imgur.com/VJvgnge,aUvImFA#0

600 MH/s  and 1500 MH/s. Tomorrow the entire 2000 MH/s will be on a single account dedicated to LTCshares and LTCshares1.  The week's earnings summary and dividend payment will be posted each Sunday or Monday.

Please allow someone of trust to teamviewer your account.

Ok, that sounds like a good idea. If you or someone else would like to, we can set up a time tomorrow. It's my bedtime...

So you keep for yourself 1000 shares of LTCShares1? or what you plan to do with it. Please explain your business so people know precisely what to expect. Transparency, is what this Nxt community is expecting.

Yes, I was planning to hold 10% of the assets and earn a share of the mining revenues. 
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:10:43 am
By the way, my name is Zack (Edit-  I think I had this posted publicly for long enough, but you can PM me me for my last name), you can find me on Facebook or LinkedIn.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:26:42 am
Altough I bought some of your asset, I don't like the fact that you want to go really fast opening a second asset so fas do not look good at all. A recent scammer just did that to the Nxt community.

Oh. Well, I apologize for that. I should have just opened a single asset right from the start with 2 GH/s and 2000 shares but I didn't realize it would have such interest and sell so fast. I also wanted to keep the pricing at the same level since the two assets are exactly the same. If I had waited any longer to open LTCs1, a lot of people would have purchased LTCs at Tier 2 price and that wouldn't have been fair. Also, since both funds started at approximately the same time, it will greatly simplify my record keeping, disbursements, hash purchases, etc. since I can just lump them both together.

Incidentally, there were 3 people who purchased the Tier 2 LTCshares @65 NXT before the announcement of LTCs1. I will be happy to exchange them for Tier 1 LTCshares1 @40 NXT and give a 25 NXT/share refund. Send me a PM with your transaction details and I'll get that taken care of within the next day or two.

Didn't mean to upset anyone or get people worried about scams, just trying to spread the cloud hashing love and there was much more interest than I was expecting. I actually wasn't expecting any shares to sell today at all, so it was a surprise to see the little hashes flying off the shelves. Over the coming weeks once we are showing regular payouts and you get to know me better I hope to earn everyone's trust and become a part of this community.

Thanks,
Zack
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 06:43:02 am
...since the two assets are exactly the same.

No they are not. LTCShares1 did not have the share at 25Nxt each. So at the moment, from the current selling of the asset issuer, LTCShares1 will be worth a little bit more at the end of the IPO (in Nxt). In LTCShares1, you should put some of the share at 65 Nxt to 40 Nxt so that LTCShares and LTCShares1 have the same total value in Nxt at the end of the IPO. Since you have now introduce a second asset, you may find some difficulty in changing the price of the share in the future. Please keep a correct comtability so that LTCShares and LTCShares1 worth the same. And keep us inform, the shareholders, of the logic and comtability behind any changement in Nxt price of the shares.

Just my two cents.
Thank you.

EDIT: And if at any moment you do not own 50%+1 of the shares, it would be nice to have a vote before making any big changement in the business that would affect the investment strategy of the shareholders. You "play" with real money and we wish that you take good care of our money.  :D

Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: mezzovide on September 23, 2014, 07:28:02 am
...since the two assets are exactly the same.

No they are not. LTCShares1 did not have the share at 25Nxt each. So at the moment, from the current selling of the asset issuer, LTCShares1 will be worth a little bit more at the end of the IPO (in Nxt). In LTCShares1, you should put some of the share at 65 Nxt to 40 Nxt so that LTCShares and LTCShares1 have the same total value in Nxt at the end of the IPO. Since you have now introduce a second asset, you may find some difficulty in changing the price of the share in the future. Please keep a correct comtability so that LTCShares and LTCShares1 worth the same. And keep us inform, the shareholders, of the logic and comtability behind any changement in Nxt price of the shares.

Just my two cents.
Thank you.

Yep, i think u need to be very careful regarding any decision making, because now u're not alone anymore, u're doing this with investor, so try to make them feel safe when throwing their money here, at least keep good communication about what u think before u're doing it.

Disclaimer : im buying a lot @25, hope im not wrong about this.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 10:55:48 am
On a side note, since you just start here and you don'T have many share holders. I would strongly recommand to remove your current sell order and put your business into order, i.e. create a new asset with the correct amount of share then ask a swap for everyshareholder with the new asset.

It will be a mess in the future if you still keep LTCShares and LTCShares1. Just create a new LTCShares (name can be the same, only the asset id is unique) and swap the asset while you still can to create only one market (it is possible to send you the old asset and you send to us the same number of the new asset), otherwise you will have a split market and that reduce the volume and bid dept by half which is very not good for a new business.

Just look at the disparity of the price for the "nXtGenGHS asset" and you will understand that slip market is not really good.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Artila on September 23, 2014, 11:48:30 am
I have PM'ed you as I was one of the people who bought at 65.

I just lost with the last person who created two assets, I'm hoping this does not go the same way. I understand its always a risk when investing in these things, so will not blame anyone.

Thanks
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 12:08:37 pm
If that's the best way to solve this, I'll do that. I didn't realize there was such a big deal with issuing a second asset... There's coinomat and coinomat1 for instance, those are not scams.

Also, it appears that most of the scam assets here have only one listing, so I'm not sure why creating a second asset makes it a scam.

Later today I would like to have someone join me in Teamviewer and see that I do actually have these mining shares already purchased and mining.  I have also given my full name in an earlier post which I don't think any of the scam assets have done.

EDIT: Done. See below.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 12:15:30 pm
There's coinomat and coinomat1 for instance

Yes, but in my opinion this not work so well. I pretty sure they would prefer to have only one market.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: satoshi on September 23, 2014, 12:23:31 pm
I am happy to announce my first NXT asset, LTCshares.  NXT asset ID 12004342259451681029

I am new to NXTforum but have been active on Bitcointalk since February - bitcointalk.org/index.php?action=profile;u=255726. I am happy to provide my full name, photo of driver's license, Facebook profile, and LinkedIn profile to anyone who sends me a PM to prove that this is not a scam. Check twitter @LTCshares for latest updates.

This asset will be similar to some other Scrypt ASIC mining shares, with a few important differences:

1)  Pricing will be better in $ per MH/s than most offers currently available online, to give investors the highest possible hashrate for their money without having to make the huge upfront investment required to get these prices. Tier 1 pricing is about half the cost of Zen Hashlets, and much more competitive than similar NXT Assets.

2)   35% of mining profits will be reinvested into hashing power and 65% will be  payed out as dividends once a week. This will result in hashrate increasing faster than LTC difficulty, for increasing payouts every week, BUT decreased time to ROI compared to splitting profits 50/50.  This ratio can be voted on by the community and adjusted accordingly.

3)   Transparency and honesty about pricing and all details of NXT asset operation is my priority, and giving us all steady mining income while minimizing risk.

Asset details:

The purpose of this NXT Asset is to provide an affordable, reliable Scrypt ASIC cloud mining service and to INCREASE payouts and hashrate over time. To accomplish this, 35% of profits will be re-invested to increase hashrate, and 65% will be paid out in NXT dividends every week. This gives the majority of mining income back to investors for fast ROI and increases hashrate faster than the projected profitability decline of LTC.  Payout ratio could be adjusted by majority vote. LTCshares is the most affordable and profitable mining asset in the NXT AE.

Currently, 1 LTCshare = 0.1 MH/s of Scrypt ASIC cloud mining power, increasing weekly as additional hashpower is purchased. Every 45 days, an additional 1.35 multiplier will be applied to current hashrate. Tier 0 IPO price is approx $8 per MH/s. These may sell out fast.

At launch, the mining account holds 1 GH/s of Scrypt hash power. This hash power has already been purchased with my own funds before launching the asset, and is hosted by a reliable, proven provider with over a year of experience. Hashrate per share will increase each week but the number of shares is capped at 10,000.


Each week when LTC payout is received, 35% will be used to purchase additional hashpower and 65% will be converted to NXT at market price and paid to investors as dividends. Scrypt ASIC shares will be purchased in bulk so that we buy for the most competitive price per share.  Currently, the rate is approximately $11.25 per MH/s which is about half the sale price of Zen Hashlets, with similar payout rate (when you take into account the $0.08/MH fee charged by Gawminers) As you can see, initial offering is less expensive than the package price but subsequent higher priced tiers will make up for this difference. This is to thank early investors for their trust and good faith in me.


Asset Pricing:

4 tiered sales structure:

Tier0 aka ridiculous yardsale price: 500 LTC shares for 25 NXT each - that's 8$ per MH/s!
Tier1: 1500 LTCshares for 40 NXT each (about $12.80 per MH/s)
Tier2: 3000 LTCshares for 65 NXT each (by this time hashrate per share will have increased)
Tier3: 4000 LTCshares for 100 NXT each (by this time hashrate per share will have increased a LOT!)

These prices may be adjusted depending on how fast shares sell and how fast we are able to increase hashrate. I will retain 1000 shares.

Payout details will be posted each week to the ANN page.  Dividend payments will begin immediately starting 9/29, and reinvestment will begin the following week.

A little about myself: (More to be added later)

My name is Zack, I am new to the NXT forum but have been active on BTC talk for some time, my profile name is Zzzman20. I have been mining and trading cryptocurrency for the past 11 months. I became interested in NXT over the past few months and am a huge fan, and have invested heavily into NXT and NXT assets. I currently work as a software tester and have a degree in Engineering Science and Mechanics from Virginia Tech.  More to come!
I want to make sure everyone trusts me and feels comfortable investing in LTCshares. I have been scammed several times this year and do not want to repeat the experience, and I want every one of you to avoid that also!



By the way, here is my Ebay store - http://stores.ebay.com/cryptocatscomputers
I have over 400+ feedbacks, and created a listing just for you guys!  http://www.ebay.com/itm/LTCshares-Scrypt-Cloud-Mining-contract-1-year-1-MH-s-/191342816897?

In your original post you clearly state that you are not using Gawminers but your screenshot is for Gawminers ???

You are clearly misusing your early investors trust.

In the interest of all nXters and YOUR shareholders I am including screenshots of type of hashlets being offered, their daily payouts and the fees charged by gawminers,

(http://i.imgur.com/gyM8lgZ.png)
(http://i.imgur.com/zSXiX4x.png)

Would you please care to elaborate on your numbers, which hash lets have you bought? And how much the 65% of your projected payout is going to be in nXT?

Hope you don't take it personally, please respond in a professional manner as an asset issuer.

GoNXT
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 12:23:58 pm
On a side note, since you just start here and you don'T have many share holders. I would strongly recommand to remove your current sell order and put your business into order, i.e. create a new asset with the correct amount of share then ask a swap for everyshareholder with the new asset.

It will be a mess in the future if you still keep LTCShares and LTCShares1. Just create a new LTCShares (name can be the same, only the asset id is unique) and swap the asset while you still can to create only one market (it is possible to send you the old asset and you send to us the same number of the new asset), otherwise you will have a split market and that reduce the volume and bid dept by half which is very not good for a new business.

Just look at the disparity of the price for the "nXtGenGHS asset" and you will understand that slip market is not really good.

Ok, I will do that today. Thanks for the suggestion.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 12:44:17 pm

In your original post you clearly state that you are not using Gawminers but your screenshot is for Gawminers ???

You are clearly misusing your early investors trust.

In the interest of all nXters and YOUR shareholders I am including screenshots of type of hashlets being offered, their daily payouts and the fees charged by gawminers,

Would you please care to elaborate on your numbers, which hash lets have you bought? And how much the 65% of your projected payout is going to be in nXT?

Hope you don't take it personally, please respond in a professional manner as an asset issuer.

GoNXT

The best I can do for verification is screen shots from the accounts - http://imgur.com/VJvgnge,aUvImFA#0

600 MH/s  and 1500 MH/s. Tomorrow the entire 2000 MH/s will be on a single account dedicated to LTCshares and LTCshares1.  The week's earnings summary and dividend payment will be posted each Sunday or Monday.

Originally I had all the 1 GH/s on LTCgear and that's what was being offered for the Asset, but when I increased to 2 GH/s I had to include my personal hashlets to supplement temporarily until additional shares can be purchased.  In the next few days all 2 GH/s will be on one account at LTCgear.

10 shares are equivalent to 1 MH/s for the first week, and payouts will be determined by LTCgear payout.  It's about the same with the $0.08 fee at Zenpool and LTCgear mining LTC with no fee. 35% of total payout from 2 GH/s will be used to increase the pool size at LTCgear.

I was planning to do the entire payout in NXT.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: satoshi on September 23, 2014, 01:12:07 pm
Thanks for your explanation.

If my calculations are right based on last week's ltcgear payouts your 65% per LTCshare in NXT is going to be around .2 NXT per LTCshare.  8)

Litecoin mining is going through some growing pains right now, officially with hardware ltc mining you should be expecting to earn .0004/Mhs/Day excluding hosting, network, hardware etc

In Litecoin world, each Mh/s is not equal, looking at hardware ltc profitability should be your GPS.

Gawminers is offering synthetic hashlets and its designed to offer better payouts based on higher purchase price, note that even each hashlet on gawminers doesn't offer similar payout.

You sound like an educated man, some senior members have already given you good advice for your own benefit.

Take a break, enjoy your first day's success on NXT AE.

Tomorrow reformulate your whole payout plan, try shooting for 50 week roi and that would be exceptional  ;D
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 01:39:13 pm
Thanks for your explanation.

If my calculations are right based on last week's ltcgear payouts your 65% per LTCshare in NXT is going to be around .2 NXT per LTCshare.  8)


Well, actually, I am going by the reported payout from last week:

Total: 0.02303218 LTC / 7 days / 1 ASIC Share (0.1 MH/s)

so an estimation would be (0.023 LTC/Week/share) * (0.0107 LTC/BTC) / (0.00008 NXT/BTC) which would actually result in 3.08 NXT/share/week, but since I am reinvesting 35% into hashpower, that decreases the weekly dividend to about 2 NXT per share.

Of course, this is all based on what happened last week, so can't guarantee the same thing for next week.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 01:51:16 pm
Ok everyone, after talking with some members of the community it looks like there are 2 options:

1) Stop selling LTCshares1 and swap all sold shares for LTCshares, and go back to the original plan of a 1 GH/s cloud mining operation.

2) Open another LTCshares Asset, and swap both LTCshares and LTCshares1 assets to the new asset, with 2 GH/s of mining power and 20,000 total shares

For the time being, I will pull all sell orders of both assets, and wait to hear back from investors. Please post comments here letting me know which option you would prefer.

Thanks, and sorry for all the confusion.

EDIT: there are 3 options actually

3) Keep everything the same with LTCshares and LTCshares1 which will make it less work for me and won't make any difference for payouts or ROI for investors :)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: mezzovide on September 23, 2014, 02:19:54 pm
Ok everyone, after talking with some members of the community it looks like there are 2 options:

1) Stop selling LTCshares1 and swap all sold shares for LTCshares, and go back to the original plan of a 1 GH/s cloud mining operation.

2) Open another LTCshares Asset, and swap both LTCshares and LTCshares1 assets to the new asset, with 2 GH/s of mining power and 20,000 total shares

For the time being, I will pull all sell orders of both assets, and wait to hear back from investors. Please post comments here letting me know which option you would prefer.

Thanks, and sorry for all the confusion.

I'm fine with both, I do personally prefer number 1 for time being, at least after all shares sold, and after u earned trust from investors. Then u can proceed with another assets.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 02:34:39 pm
The best I can do for verification is screen shots from the accounts - http://imgur.com/VJvgnge,aUvImFA#0

600 MH/s  and 1500 MH/s. Tomorrow the entire 2000 MH/s will be on a single account dedicated to LTCshares and LTCshares1.  The week's earnings summary and dividend payment will be posted each Sunday or Monday.
This is not an interface for the cloud hosting provider that you mentioned using that I have ever been aware of existing...

ahh, those are hashlets.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: spaw on September 23, 2014, 02:45:29 pm
I'll be speaking with Zack today via skype. He's agreed to do a screen share with me so the 2gH of hashing power can be verified. I'll post an update.

spaw
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 03:23:28 pm
A swap later will be really really hard, look at GQM with nxtGHS he is talking of swapping for a while and it did not yet happen (to my knownledge).
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 03:32:42 pm
Ok everyone, after talking with some members of the community it looks like there are 2 options:

1) Stop selling LTCshares1 and swap all sold shares for LTCshares, and go back to the original plan of a 1 GH/s cloud mining operation.

2) Open another LTCshares Asset, and swap both LTCshares and LTCshares1 assets to the new asset, with 2 GH/s of mining power and 20,000 total shares

For the time being, I will pull all sell orders of both assets, and wait to hear back from investors. Please post comments here letting me know which option you would prefer.

Thanks, and sorry for all the confusion.

I'm fine with both, I do personally prefer number 1 for time being, at least after all shares sold, and after u earned trust from investors. Then u can proceed with another assets.

Ok, thanks. I just thought it would be really cool to have a monster 2 GH/s mining asset :)  But 1 GH/s is nice too. Will wait to hear some more feedback before I do anything
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 03:34:11 pm
I'm fine with 1 and 2.

EDIT: Thanks for comunicating the options. This is appreciate. :)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 03:47:29 pm
...since the two assets are exactly the same.

No they are not. LTCShares1 did not have the share at 25Nxt each. So at the moment, from the current selling of the asset issuer, LTCShares1 will be worth a little bit more at the end of the IPO (in Nxt). In LTCShares1, you should put some of the share at 65 Nxt to 40 Nxt so that LTCShares and LTCShares1 have the same total value in Nxt at the end of the IPO. Since you have now introduce a second asset, you may find some difficulty in changing the price of the share in the future. Please keep a correct comtability so that LTCShares and LTCShares1 worth the same. And keep us inform, the shareholders, of the logic and comtability behind any changement in Nxt price of the shares.

Just my two cents.
Thank you.

EDIT: And if at any moment you do not own 50%+1 of the shares, it would be nice to have a vote before making any big changement in the business that would affect the investment strategy of the shareholders. You "play" with real money and we wish that you take good care of our money.  :D

Thanks for the input, that is a good idea I hadn't thought about the total value of each asset. And you're right, in the future I'll ask for a vote before making changes.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: spaw on September 23, 2014, 03:56:10 pm
I've just ended a Skype conversation with Zack where he proved his identity with multiple forms of identification, driver's license, credit cards etc. He also demonstrated via sceen share that he currently holds 15000 ASIC shares on LTCgear.com, as well as 600mH of hashing power on ZenCloud. I watched him login to his LTCgear account and watched him navigate through his ZenCloud account. These holdings total a shade over 2gH of hashing power. Zack has made every effort to prove that he is a sincere and reliable asset issuer.

Once the current share situation is resolved I know BOOST will be investing in LTCshares.

Cheers,
spaw
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: mezzovide on September 23, 2014, 04:12:00 pm
Great, thanks spaw!  :)
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 04:26:51 pm
How long have you owned the mining contracts for already, Zack?
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Artila on September 23, 2014, 04:48:11 pm
I have invested in LTCshares and do not mind either option 1 or 2

Thanks
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:30:25 pm
How long have you owned the mining contracts for already, Zack?

Just since Saturday. Good for a year before having to renew.

Thanks for mentioning by the way - Everyone, in a year, we'll have to renew the shares for a moderate fee.  I'll find out how much that will cost and plan it into the budget.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 05:33:34 pm
How long have you owned the mining contracts for already, Zack?

Just since Saturday. Good for a year before having to renew.

Thanks for mentioning by the way - Everyone, in a year, we'll have to renew the shares for a moderate fee.  I'll find out how much that will cost and plan it into the budget.

This cost should be sbtract from the profit each week before splitting to dividends/reinvestment. This must be amortize over the year.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:39:30 pm
How long have you owned the mining contracts for already, Zack?

Just since Saturday. Good for a year before having to renew.

Thanks for mentioning by the way - Everyone, in a year, we'll have to renew the shares for a moderate fee.  I'll find out how much that will cost and plan it into the budget.

Alright, that's what we'll do. I'll post once that's figured out.

This cost should be sbtract from the profit each week before splitting to dividends/reinvestment. This must be amortize over the year.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:43:36 pm
I've just ended a Skype conversation with Zack where he proved his identity with multiple forms of identification, driver's license, credit cards etc. He also demonstrated via sceen share that he currently holds 15000 ASIC shares on LTCgear.com, as well as 600mH of hashing power on ZenCloud. I watched him login to his LTCgear account and watched him navigate through his ZenCloud account. These holdings total a shade over 2gH of hashing power. Zack has made every effort to prove that he is a sincere and reliable asset issuer.

Once the current share situation is resolved I know BOOST will be investing in LTCshares.

Cheers,
spaw

Thanks spaw, good talking to you.

Ok everyone, after talking with some members of the community it looks like there are 2 options:

1) Stop selling LTCshares1 and swap all sold shares for LTCshares, and go back to the original plan of a 1 GH/s cloud mining operation.

2) Open another LTCshares Asset, and swap both LTCshares and LTCshares1 assets to the new asset, with 2 GH/s of mining power and 20,000 total shares

For the time being, I will pull all sell orders of both assets, and wait to hear back from investors. Please post comments here letting me know which option you would prefer.

Thanks, and sorry for all the confusion.

EDIT: there are 3 options actually

3) Keep everything the same with LTCshares and LTCshares1 which will make it less work for me and won't make any difference for payouts or ROI for investors :)

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?


Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: whatnxt on September 23, 2014, 05:47:47 pm
Ok everyone, after talking with some members of the community it looks like there are 2 options:

1) Stop selling LTCshares1 and swap all sold shares for LTCshares, and go back to the original plan of a 1 GH/s cloud mining operation.

2) Open another LTCshares Asset, and swap both LTCshares and LTCshares1 assets to the new asset, with 2 GH/s of mining power and 20,000 total shares

For the time being, I will pull all sell orders of both assets, and wait to hear back from investors. Please post comments here letting me know which option you would prefer.

Thanks, and sorry for all the confusion.

EDIT: there are 3 options actually

3) Keep everything the same with LTCshares and LTCshares1 which will make it less work for me and won't make any difference for payouts or ROI for investors :)
I think the argument for having one business is compelling: better market for the asset, clearer understanding of where the NXT goes (less opportunity for  arguments), less work to run. Based on that options 1 or 2.

The income per asset for asset holders is going to be similar for either 1 or 2. The extra Market size of 2 may be a benefit.
A 2GH operation is worth more to the NXT community (its buying twice as much NXT and so creates twice as much market depth on the buy side for NXT).

So I go for option 2.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: valarmg on September 23, 2014, 05:51:44 pm

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

I'm currently working on a dividends+ module that aims to simplify the exchanging of one asset for another. Maybe you don't have enough shareholders to make it essential but I'm hoping to have it ready to swap TOKEN for SuperNET on Thursday.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 05:55:09 pm

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

I'm currently working on a dividends+ module that aims to simplify the exchanging of one asset for another. Maybe you don't have enough shareholders to make it essential but I'm hoping to have it ready to swap TOKEN for SuperNET on Thursday.

ho wow +1,
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 05:57:43 pm

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

I'm currently working on a dividends+ module that aims to simplify the exchanging of one asset for another. Maybe you don't have enough shareholders to make it essential but I'm hoping to have it ready to swap TOKEN for SuperNET on Thursday.

Nice!
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Artila on September 23, 2014, 06:03:03 pm
Quote
So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

Yes absolutely OK with it.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: JamesList on September 23, 2014, 06:09:47 pm
Quote
So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

Yes absolutely OK with it.

+1440
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: mezzovide on September 23, 2014, 06:41:37 pm

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

I'm currently working on a dividends+ module that aims to simplify the exchanging of one asset for another. Maybe you don't have enough shareholders to make it essential but I'm hoping to have it ready to swap TOKEN for SuperNET on Thursday.

Nice!

+1440
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 07:19:51 pm

So, it seems like from the feedback that people are ambivalent about option 1 or option 2, and I am leaning towards option 2.

Unless I hear any strong objections, I'll create ANOTHER asset and I will begin sending out messages to all asset holders of LTCshares and LTCshares1 and start converting to the new asset.  Everyone ok with this?

I'm currently working on a dividends+ module that aims to simplify the exchanging of one asset for another. Maybe you don't have enough shareholders to make it essential but I'm hoping to have it ready to swap TOKEN for SuperNET on Thursday.

Nice!

+1440

OK, great!

I will create a FINAL ASSET called LTCshares-2GH (something like that) Everyone who is holding LTCshares or LTCshares1 can send them back to NXT address NXT-5C45-E8JS-AC42-7KMSQ and I will credit them with the new asset. I will send out messages through the NXT client to anyone who I don't receive shares back from.  Once most of the swaps are taken care of I will post up sell orders again, hopefully this evening. There will still be shares available at 40 NXT each in the new asset. I am considering adding an additional 500-1000 shares at 40 if everyone is ok with that to make up for all the confusion this past day.

Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 07:23:21 pm
Despite having talked to this guy yesterday and having seen his dox, I advise everyone to please be very careful and don't invest more than they can afford to lose.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 08:07:13 pm
I just credited the 3 NXT accounts who purchased LTCs at 65 NXT before LTCs1 was announced with additional shares to make up for the 65/40 price difference.

9/22/2014 21:11:07   113   65   7'345   1315877321917464500   7187678259693959842       70.6 additional shares (113*65/40-113) TXID 7933817058665476503
9/22/2014 21:01:01   55.8   65   3'627   1315877321917464500   12588674655094048399     34.9 additional shares  TXID 4074374713264282578
9/22/2014 20:23:50   25   65   1'625   1315877321917464500   555397338941788654         15.6 additional shares  TXID 16825855556779095329

I'll post later today once the new asset is ready to go before placing any sell orders.

There are 17078.1 unsold shares. I will keep 1000 shares (100 MH/s) instead of 2000. Plan is to decrease Tier 3 by 1000 and split those between T1 and T2, and add the additional 1000 at T1.  So, the sell structure would look like this-

T3:  7000 @ 100 NXT,
T2:  6500 @ 65 NXT,
T1:  3578.1 @ 40 NXT

If anyone has any comments or suggestions please let me know.


Thanks,
Zack
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Artila on September 23, 2014, 08:24:33 pm
Despite having talked to this guy yesterday and having seen his dox, I advise everyone to please be very careful and don't invest more than they can afford to lose.

Good advice pf. Thank you.

I take this on board with all investments.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 08:24:53 pm
I would strongly suggest you sell only the T1 shares this week.  Next week, after your first dividends go out, you can list the T2 shares (and will have a much higher likelihood of selling them).  Week after that, the T3 shares.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 08:27:17 pm
By the way, I messaged the owner of the ebay store that you linked in the OP over an hour ago and have yet to get a response.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 09:12:45 pm
By the way, I messaged the owner of the ebay store that you linked in the OP over an hour ago and have yet to get a response.

Well, I just checked my ebay account and have no messages from you.

I just edited my ebay listing, I don't think this leaves any doubt that it's my account - http://www.ebay.com/itm/LTCshares-Scrypt-Cloud-Mining-contract-1-year-1-MH-s-/191342816897?ssPageName=STRK:MESE:IT

You can send me a message on ebay - http://www.ebay.com/usr/schmoejoey - and I'll respond when I see it.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 09:24:12 pm
Despite having talked to this guy yesterday and having seen his dox, I advise everyone to please be very careful and don't invest more than they can afford to lose.

Good advice pf. Thank you.

I take this on board with all investments.

Yep, I would advise this for any cryopto investment. Thanks again for the input.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 09:27:50 pm
I would strongly suggest you sell only the T1 shares this week.  Next week, after your first dividends go out, you can list the T2 shares (and will have a much higher likelihood of selling them).  Week after that, the T3 shares.

Sounds like a good plan, I'll see how people on here feel about it.  What do you think guys?
Title: Re: ANN - LTCshares 2GH (Scrypt Cloud mining - pays weekly dividends)
Post by: pf on September 23, 2014, 10:16:08 pm
Also, are you including today's LTCGear Multiplication into your total hash rate calculations?
(IE, the 1 GH becomes 1.35 GH today)?
Title: Re: ANN - LTCshares 2GH (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 10:39:58 pm
Also, are you including today's LTCGear Multiplication into your total hash rate calculations?
(IE, the 1 GH becomes 1.35 GH today)?
After today's multiplication, the LTCshares LTCgear account will have 2 GH/s and I will stop supplementing with my Hashlet account. Next multiplication will be in 1.5 months
Title: Re: ANN - LTCshares 2GH (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 11:10:42 pm
Exchanging the first sets of assets now
Title: Re: ANN - LTCshares 2GH (Scrypt Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 11:22:44 pm
Exchanging the first sets of assets now

Just sent my shares. I will confirm here when I get the new shares.
Title: Re: ANN - LTCshares 2GH (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 11:37:31 pm
Exchanging the first sets of assets now

Just sent my shares. I will confirm here when I get the new shares.

Thanks, you should see them now
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 23, 2014, 11:40:20 pm
Yes I see them now. Thanks.
Title: Re: ANN - LTCshares (Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 23, 2014, 11:44:48 pm

T3:  7000 @ 100 NXT,
T2:  6500 @ 65 NXT,
T1:  3578.1 @ 40 NXT


How about I do this instead?

T3:  6000 @ 120 NXT,
T2:  5000 @ 60 NXT,
T1:  5078.1 @ 40 NXT

I'll sell T1 in batches of 1000 at a time, listing them every few hours so that people in different time zones have a chance at the T1 price. Will put up one batch at hour from now - 9:00 PM EST
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: satoshi on September 24, 2014, 12:15:05 am
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Klokan on September 24, 2014, 01:18:01 am
Yes I see them now. Thanks.

I can also confirm successful transfer from the "old assets" (LTCShares, LTCShares1) to the new one (LTCshare2G). Everything was very quick and transparent. Thanks a lot, Zack !
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 01:54:37 am
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT
Hey satoshi, thanks for the welcome, happy to be here :)

So, in response, the initial shares sold yesterday for 25 NXT each.

Comparing the price of a NXT asset available in any amount desired to the price of hashpower bought in bulk from a large company using a once-a-year discount code isn't really fair. Ever ask the grocery store how much they pay for milk? How about comparing to the prices of other NXT assets selling Scrypt mining shares in NXT/MH/s? Not even close. Also, that coupon code only worked when ordering the largest 160 MH/s package offered by LTCgear, so if you're not buying in bulk that price is not possible, and I'm pretty sure the code won't work anymore now. The next smallest package on LTCgear sells for over $13 per MH/s. The smallest package sells for 80$ per MH/s.  People commonly sell shares bought on LTCgear for 2-3x purchase price on forums. I encourage anyone looking to buy a large amount of scrypt hashpower to order directly from LTCgear. For anyone not looking to drop $846+, this is a great option. In addition, these shares can be traded on an exchange, and will constantly increase in hashrate and value.

40 NXT/share works out to about $12 per MH/s, which is a very good price. There are no fees, and I am handling all of the dividend payments, hashrate purchases, etc, for the life of the fund. In 2-3 months, the shares will have approximately tripled in MH/share, maybe more (approx 7% of cost reinvested each week + 35% bonus every 1.5 months). Hashrate increases will be purchased at the cheapest possible bulk rate with my own funds and moved into the LTCshares account incrementally each week, instead of waiting for the profits to build up enough to purchase another package. The discount rate would not be possible for a solo miner reinvesting in small amounts of shares each week. 21$ per MH/s on Zenpool anyone? No thanks. Once you account for the fees, Zenpool is about the same profitability as mining LTC with no fees.

Comparing the price per MH/s and expected dividend/share cost of this asset to any other NXT AE mining assets, I think you will see that these prices are very good. I am not forcing anyone to buy this asset. I'd still be happy to lower the prices, but people have already bought a lot of shares yesterday at 40 NXT so I don't really think that would be fair. Maybe I'll sell some more shares for 25 NXT each at the beginning of each batch listing...
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 02:34:37 am
Most exchanges have been made, and the listing is now live on the AE. Anyone still holding LTCshares send em on over to be exchanged. If there are still outstanding shares when the first dividend is payed, I'll just include them in the dividend...

Thanks for the support everyone!

Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 03:34:34 am
Looks like the message finally came through pf -

(http://i.imgur.com/OqoZdfA.jpg)
(http://i.imgur.com/oSwp6MQ.jpg)

I'm not giving out my social security and credit card numbers though, so don't ask!
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: spaw on September 24, 2014, 04:03:25 am
Zack,

You have gone above and beyond what most people do to prove their identity.  Thanks!

spaw
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Bl4ckw00d on September 24, 2014, 04:20:33 am
Thanks for readjusting the share structure.  I feel it would benefit us to keep it to the one asset for now.

  Was only able to get a handful of the last 25NXT shares, going to keep an eye to see if I can snag some more. 

Kudos also for being so transparent with the poking and proding done to verify the legitamacy of everything.  I feel alot more comfortable putting my money up after a few respected community members have done verification of ID and assets.  I've done the math and getting these in the 25/40 range is a very good deal for those who can't afford to pay for 900US Dollar cloud mining contracts and don't want to get hosed buying in small batches from a retailer direct.  This will be my first venture into the world of cloud mining and im pretty stoked.

Thanks again
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 04:33:26 am
Zack,

You have gone above and beyond what most people do to prove their identity.  Thanks!

spaw

Thanks spaw! By the way I just posted about LTCshares to my Facebook profile. It's always nice to  show cryptocurrency and especially NXT to the uninitiated, and if I can get some friends in on a good investment that is definitely NOT a scam, that would be great! 
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: mezzovide on September 24, 2014, 05:59:08 am
transferred ltcshares just now, waiting for swaps...
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 07:03:18 am
transferred ltcshares just now, waiting for swaps...

Ok, just made some more exchanges
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Artila on September 24, 2014, 07:10:41 am
Just would like to say Thank you Zack for making up the difference and swapping LTCshares to the new asset.



Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: mezzovide on September 24, 2014, 07:11:44 am
transferred ltcshares just now, waiting for swaps...

Ok, just made some more exchanges

Got it. Thanks.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 08:18:21 am
Just would like to say Thank you Zack for making up the difference and swapping LTCshares to the new asset.

You're welcome, thanks for the support!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: spaw on September 24, 2014, 06:35:12 pm
BOOST just purchased shares! Thanks Zack!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 06:44:13 pm
BOOST just purchased shares! Thanks Zack!

Thanks spaw!


Currently, there are still about 200 shares of LTCshares outstanding. Whoever is holding those send back whenever and I'll swap you out.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 24, 2014, 06:59:47 pm
Here is a screen shot of our account - now holding the full 2 GH/s  8)  -- each asic share is 0.1 MH/s

(http://i.imgur.com/GT4Og6I.jpg)
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 01:14:17 am
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT

I've decided to use 1/3 of tier 2 and 3 sales to reinvest into hashrate increases, and these purchases will be made at the discount rate as long as it's available.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: danp123 on September 25, 2014, 04:09:46 am
Thanks for the info
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Mu_XuE on September 25, 2014, 07:05:55 am
Great. I bought a point to support you! Do not let me down! ;D :D
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: pf on September 25, 2014, 02:28:56 pm
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT

I've decided to use 1/3 of tier 2 and 3 sales to reinvest into hashrate increases, and these purchases will be made at the discount rate as long as it's available.
Sorry, only 1/3?
The tier 2 and tier 3 sales add up to well over 1 million NXT?

I can't help but notice something.
All of the money being invested into this asset is immediately being dumped to a different NXT account: NXT-MCF7-ZLMD-B6TS-9EBEQ
where it is immediately being dumped to BTER (NXT-LVKY-Q9KY-5Q2Z-AV9JA)

265,935.00 NXT so far.  Every single NXT raised from the sale of any of the three assets has immediately gone to either BTER or Bittrex, multiple times per day.  For someone who already owns all of the hashpower that has been stated, this is somewhat surprising behavior to me (and reminds me of some recent assets that we've seen)

Be very careful people.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: JamesList on September 25, 2014, 02:50:39 pm
Asic share1K6X out of stock. What is your plan now?
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 03:29:36 pm
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT

I've decided to use 1/3 of tier 2 and 3 sales to reinvest into hashrate increases, and these purchases will be made at the discount rate as long as it's available.
Sorry, only 1/3?
The tier 2 and tier 3 sales add up to well over 1 million NXT?

I can't help but notice something.
All of the money being invested into this asset is immediately being dumped to a different NXT account: NXT-MCF7-ZLMD-B6TS-9EBEQ
where it is immediately being dumped to BTER (NXT-LVKY-Q9KY-5Q2Z-AV9JA)

265,935.00 NXT so far.  Every single NXT raised from the sale of any of the three assets has immediately gone to either BTER or Bittrex, multiple times per day.  For someone who already owns all of the hashpower that has been stated, this is somewhat surprising behavior to me (and reminds me of some recent assets that we've seen)

Be very careful people.

Hashpower must be bought with BTC, not NXT. I am not using the T1 sales to buy more hashpower, I am using it to cover my costs of buying the hashpower in the first place. I am not a BTC whale, nor did I have an "angel investor" to cover my costs for me. I paid for all of this upfront with cash, from my bank account, from my middle class paycheck.

Thanks for all your continuous attention, I'll take it as a compliment that you are so interested in my asset, however, I would like to keep this thread for investors and asset related business. Maybe I will start a new thread called LTCshares FUD that you can post in :)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 03:31:27 pm
Asic share1K6X out of stock. What is your plan now?

I am contacting LTCgear to see when more packages will be available. If they will not become available any time soon, we will buy more hashpower from a different provider instead, Hashlets are still an option.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 03:33:54 pm
If more shares at LTCgear will not be available in the near future, we can spread hashpower purchases to other providers- GAWminers or possibly other sites. Too bad they sold out.  But, we do have the full 2GH in the fund already.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: pf on September 25, 2014, 05:01:56 pm
+1 for listening to the senior members and making the right choices.

Welcome to the NXT AE asset issuer club.

But I must highlight the pricing model being utilised. Initially there was some confusion comparison with gawminer, but now it has 100% focused to ltcgear

ltcgear is currently offering 160 Mhs for $1805. if you apply anniversary1yr coupon, it will knock down the price by 49% to $920 and if you paid by BTC it will knock another 8% down to $846
per MHs price comes down to $5.2875
per ltcshare2g prices comes down to $0.528 which is about 18 NXT

Everybody wants to make money, but please be gentle  :D

I am not even considering the multiplication factor which will give you 35% advantage as an asset issuer.

GoNXT

I've decided to use 1/3 of tier 2 and 3 sales to reinvest into hashrate increases, and these purchases will be made at the discount rate as long as it's available.
Sorry, only 1/3?
The tier 2 and tier 3 sales add up to well over 1 million NXT?

I can't help but notice something.
All of the money being invested into this asset is immediately being dumped to a different NXT account: NXT-MCF7-ZLMD-B6TS-9EBEQ
where it is immediately being dumped to BTER (NXT-LVKY-Q9KY-5Q2Z-AV9JA)

265,935.00 NXT so far.  Every single NXT raised from the sale of any of the three assets has immediately gone to either BTER or Bittrex, multiple times per day.  For someone who already owns all of the hashpower that has been stated, this is somewhat surprising behavior to me (and reminds me of some recent assets that we've seen)

Be very careful people.

Hashpower must be bought with BTC, not NXT. I am not using the T1 sales to buy more hashpower, I am using it to cover my costs of buying the hashpower in the first place. I am not a BTC whale, nor did I have an "angel investor" to cover my costs for me. I paid for all of this upfront with cash, from my bank account, from my middle class paycheck.

Thanks for all your continuous attention, I'll take it as a compliment that you are so interested in my asset, however, I would like to keep this thread for investors and asset related business. Maybe I will start a new thread called LTCshares FUD that you can post in :)

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for. I believe the community has seen a real trend among assets that have immediately dumped all of their NXT on bittrex and bter as quickly as it was earned - no doubt the price has been suppressed on BTER and Bittrex lately, when you've been dumping everything as fast as you got it.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 25, 2014, 05:25:49 pm
I've decided to use 1/3 of tier 2 and 3 sales to reinvest into hashrate increases, and these purchases will be made at the discount rate as long as it's available.
Sorry, only 1/3?
The tier 2 and tier 3 sales add up to well over 1 million NXT?

I can't help but notice something.
All of the money being invested into this asset is immediately being dumped to a different NXT account: NXT-MCF7-ZLMD-B6TS-9EBEQ
where it is immediately being dumped to BTER (NXT-LVKY-Q9KY-5Q2Z-AV9JA)

265,935.00 NXT so far.  Every single NXT raised from the sale of any of the three assets has immediately gone to either BTER or Bittrex, multiple times per day.  For someone who already owns all of the hashpower that has been stated, this is somewhat surprising behavior to me (and reminds me of some recent assets that we've seen)

Be very careful people.

Hashpower must be bought with BTC, not NXT. I am not using the T1 sales to buy more hashpower, I am using it to cover my costs of buying the hashpower in the first place. I am not a BTC whale, nor did I have an "angel investor" to cover my costs for me. I paid for all of this upfront with cash, from my bank account, from my middle class paycheck.

Thanks for all your continuous attention, I'll take it as a compliment that you are so interested in my asset, however, I would like to keep this thread for investors and asset related business. Maybe I will start a new thread called LTCshares FUD that you can post in :)

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for. I believe the community has seen a real trend among assets that have immediately dumped all of their NXT on bittrex and bter as quickly as it was earned - no doubt the price has been suppressed on BTER and Bittrex lately, when you've been dumping everything as fast as you got it.
So far, this project has run backwards. Normally we expect NXT to be raised and then used to buy assets, which looks good from an investors point of view because their NXT is being used for something.

Instead (possibly due to an offer on hashing power) we got assets were bought and then investment sort and the NXT raised starts disappearing, apparently for no reason. This is much less reassuring to an investor. Even if it is justified, it looks dodgy.

Perhaps some evidence of the 1/3 reinvestment would settle the nerves? 
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 05:33:29 pm
To be more obvious and transparent, T1 sales are going to cover my upfront purchase costs, so these may be withdrawn from the asset account at any time. NXT from the sales of the first 2000 shares of T2 (which is 40% by the way) and the first 2000 shares of T3 will remain in the LTCshare2G asset account until they are spent on purchasing more haspower, at which point the transaction details will be posted in the thread.

The NXT from sales of shares will NOT be used to pay dividends, because that would be a ponzi scheme. NXT from the mining income will be used to pay dividends.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: mezzovide on September 25, 2014, 05:35:35 pm
You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

did you take into account for ltcgear.com sale for their 1yr anniversary? which is about half of the normal price?
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 05:42:31 pm

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for. I believe the community has seen a real trend among assets that have immediately dumped all of their NXT on bittrex and bter as quickly as it was earned - no doubt the price has been suppressed on BTER and Bittrex lately, when you've been dumping everything as fast as you got it.

I'm pretty sure the buying and selling of NXT to buy 10,000 BTC worth of TOKEN has a lot more to do with NXT exchange rates than any amount raised by LTCshares... Also, most of the NXT transferred to BTER and other exchanges was not cashed out FYI. In any case, once we start getting mining income flowing in, I'll be buying NXT constantly to pay dividends. At some point in the future, pending investor input, dividends may be paid in mgwBTC if mining income becomes too large to convert at a decent rate, which will add more liquidity to the mgwBTC market on NXT AE.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: spaw on September 25, 2014, 05:44:49 pm
What I LIKE about this asset is that there was a product to sell BEFORE funds were raised on the AE. Most assets do this the other way, they offer a product they don't yet have and make the AE a glorified crowdfunding platform. That's a big reason why people get burned, they have to trust that someone will follow through. Zack proved that he had the goods from the begining!
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 05:51:59 pm
You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

did you take into account for ltcgear.com sale for their 1yr anniversary? which is about half of the normal price?

All of this has been discussed in previous thread posting - https://nxtforum.org/asset-exchange-general/ann-ltcshares/msg106565/#msg106565

Also, please read the description of the asset in the main posting:


For those interested in owning large quantities of shares, you should check out the 160 MH/s packages sold by http://ltcgear.com (http://ltcgear.com?apage=216) . For anything less, this asset will probably be more economical. For purchases made using this affiliate link - http://ltcgear.com (http://ltcgear.com?apage=216) I will use the 75% 100% of revenues to buy more mining shares for the NXT asset.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 05:56:41 pm

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

So pf, how much did you pay to get your multipool up and running, and how much did you sell shares for? And how long do expect it to take for people to make ROI at the current rate off 100 NXT per share?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 06:00:38 pm
What I LIKE about this asset is that there was a product to sell BEFORE funds were raised on the AE. Most assets do this the other way, they offer a product they don't yet have and make the AE a glorified crowdfunding platform. That's a big reason why people get burned, they have to trust that someone will follow through. Zack proved that he had the goods from the begining!

Apparently doing things in the correct order is considered "backwards" by some people lol.

So far, this project has run backwards. Normally we expect NXT to be raised and then used to buy assets, which looks good from an investors point of view because their NXT is being used for something.

If I had raised the NXT first, then used to buy assets, there would be nothing left to buy now. I saw the opportunity and I acted fast with my own funds. I would reconsider what you think of things being the "correct" order. Would you rather buy an asset that already exists or just an idea? Which is more likely to be a ripoff?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 06:17:53 pm
I will look for other options since LTCgear is sold out. If anyone knows of another reliable, reasonably priced options let me know.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: mezzovide on September 25, 2014, 06:45:31 pm
Genesis mining?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 25, 2014, 06:59:42 pm
Apparently doing things in the correct order is considered "backwards" by some people lol.

So far, this project has run backwards. Normally we expect NXT to be raised and then used to buy assets, which looks good from an investors point of view because their NXT is being used for something.

If I had raised the NXT first, then used to buy assets, there would be nothing left to buy now. I saw the opportunity and I acted fast with my own funds. I would reconsider what you think of things being the "correct" order. Would you rather buy an asset that already exists or just an idea? Which is more likely to be a ripoff?

Just to be clear, I am not accusing anyone of ripping anyone off. In the case of the second part of my post above, that you did not quote, the exact opposite.

As for detecting ripoffs and scams my record is as bad as yours and many others around here :(
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 07:13:28 pm
Apparently doing things in the correct order is considered "backwards" by some people lol.

So far, this project has run backwards. Normally we expect NXT to be raised and then used to buy assets, which looks good from an investors point of view because their NXT is being used for something.

If I had raised the NXT first, then used to buy assets, there would be nothing left to buy now. I saw the opportunity and I acted fast with my own funds. I would reconsider what you think of things being the "correct" order. Would you rather buy an asset that already exists or just an idea? Which is more likely to be a ripoff?

Just to be clear, I am not accusing anyone of ripping anyone off. In the case of the second part of my post above, that you did not quote, the exact opposite.

As for detecting ripoffs and scams my record is as bad as yours and many others around here :(

Yeah it sucks getting ripped off, I lost $4000 this year trying to buy video cards from a scammer on alibaba. He had a verified account too.

Anyway, once T2 and T3 sell and I start reinvesting funds, I'll post up the details.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 07:45:41 pm
Genesis mining?

Looks like a good option, cheaper than hashlets and lets us choose which coin to mine, and no fees as far as I can tell. They don't do the 1.35 multiplier every 1.5 months though... I'll inquire about getting a special rate, and I'll do the same for hashlets. Genesis is nice because we could mine multiple coins to have backup options other than just FTC/LTC.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 07:49:01 pm

Be very careful people.

Pretty sure that's about the 5th time you've posted that on here. Everyone, pf says BE VERY CAREFUL just in case you missed it. Thanks for being the sheriff of NXT assets pf  8)

Anyone buying into any mining asset... please consider the time to ROI, price per MH/s or TH/s, compare to current hardware prices and cloud hosting prices, and then decide whether or not the asset is RIDICULOUSLY overpriced.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: pf on September 25, 2014, 09:04:45 pm

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

So pf, how much did you pay to get your multipool up and running, and how much did you sell shares for? And how long do expect it to take for people to make ROI at the current rate off 100 NXT per share?
I had Hashrate running for ~6 monthes prior to ever creating a HRNXTPOOL asset.  The pool has paid out close to a million NXT to miners.
All of our shares were issued at 10 NXT / share.  So far we've issued ~131,000 NXT as dividends, and our dividend this next week will likely be close to 100,000 more NXT (as we've expanded our holdings recently).

Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 09:16:29 pm

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

So pf, how much did you pay to get your multipool up and running, and how much did you sell shares for? And how long do expect it to take for people to make ROI at the current rate off 100 NXT per share?
I had Hashrate running for ~6 monthes prior to ever creating a HRNXTPOOL asset.  The pool has paid out close to a million NXT to miners.
All of our shares were issued at 10 NXT / share.  So far we've issued ~131,000 NXT as dividends, and our dividend this next week will likely be close to 100,000 more NXT (as we've expanded our holdings recently).

Ok, so selling 100,000 shares earned you 1 million NXT, and you've so far paid out 1/10th of that after how many weeks now?  And how much did you spend to get your multipool running? 1 million NXT would have been over $45,000 when your shares sold.

I'm expecting to pay out 1/10th of Tier 1 asset cost after the first 2 weeks. I will only make ROI on my initial costs after all of Tier 2 is sold, and 40% of that is being reinvested to increase hashpower and profitability.

I imagine you MUST have better things to do aside from trolling my thread and being the sheriff of NXT AE. By the way, you should go hassle those german club guys, I think that's a scam/ponzi.
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: jl777 on September 25, 2014, 09:23:34 pm

You see, the issue I have with this is that you paid less than half of what you are now selling the shares for.

So pf, how much did you pay to get your multipool up and running, and how much did you sell shares for? And how long do expect it to take for people to make ROI at the current rate off 100 NXT per share?
I had Hashrate running for ~6 monthes prior to ever creating a HRNXTPOOL asset.  The pool has paid out close to a million NXT to miners.
All of our shares were issued at 10 NXT / share.  So far we've issued ~131,000 NXT as dividends, and our dividend this next week will likely be close to 100,000 more NXT (as we've expanded our holdings recently).

Ok, so selling 100,000 shares earned you 1 million NXT, and you've so far paid out 1/10th of that after how many weeks now?  And how much did you spend to get your multipool running? 1 million NXT would have been over $45,000 when your shares sold.

I'm expecting to pay out 1/10th of Tier 1 asset cost after the first 2 weeks.
I dont think it is productive for either of you to be posting in each other's threads. Let us just let the results speak for themselves.

To my knowledge hashrate has paid out more in dividends than all the other mining assets combined. Instead of the output per asset decreasing, it is increasing. This is fairly unique among mining assets and now many of the other assets are emulating the HRNXTpool's strategy. Usually investors give a premium value to the market leader, the assumption being that they are in the best position and capability to continue to innovate.

You are still new and while a 10% ROI in 2 weeks is respectable, the key to mining assets are how they perform as the difficulty goes up.

James
Title: Re: ANN - LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 25, 2014, 09:43:21 pm

I dont think it is productive for either of you to be posting in each other's threads. Let us just let the results speak for themselves.

To my knowledge hashrate has paid out more in dividends than all the other mining assets combined. Instead of the output per asset decreasing, it is increasing. This is fairly unique among mining assets and now many of the other assets are emulating the HRNXTpool's strategy. Usually investors give a premium value to the market leader, the assumption being that they are in the best position and capability to continue to innovate.

You are still new and while a 10% ROI in 2 weeks is respectable, the key to mining assets are how they perform as the difficulty goes up.

James

Thanks for stopping by James!

Agreed, I see no need for anyone to be hassling someone until they deserve to be hassled. Not a very warm welcome to a new NXT member/asset issuer, but it's ok my feelings aren't hurt too badly.

I expect that with our reinvestment strategy and hashrate multiplier every 6 weeks we'll see an increasing rate of return.  I'm looking into securing a cloud hashrate provider who will give a discounted rate for weekly purchases or large bulk orders.  Also, there may be a possibility of hosting our own hardware in the future instead of just cloud mining but that's a long way out.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 25, 2014, 11:02:33 pm
I am not sure I understand the pole you have set up.
Have I missed a post some where?

Are you saying you have 5000 assets and need to make 180000NXT to pay back debt etc? So:

Sell 3000 at  60 NXT to make 180000NXT leaving 2000 to be sold at  60 NXT giving 120000NXT for reinvested
Sell 2250 at  80 NXT to make 180000NXT leaving 2750 to be sold at  80 NXT giving 220000NXT for reinvested
Sell 1800 at 100 NXT to make 180000NXT leaving 3200 to be sold at 100 NXT giving 320000NXT for reinvested

It would be helpful to know what the reinvestment amounts would get in terms of hashing power/mining income.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: btcsnippers on September 25, 2014, 11:28:03 pm
it should be restructured , it should payout 0% till decemeber and then use all the generated funds to buy the new 5dollar/mh scrypt asic comming out.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 01:00:37 am
I am not sure I understand the pole you have set up.
Have I missed a post some where?

Are you saying you have 5000 assets and need to make 180000NXT to pay back debt etc? So:

Sell 3000 at  60 NXT to make 180000NXT leaving 2000 to be sold at  60 NXT giving 120000NXT for reinvested
Sell 2250 at  80 NXT to make 180000NXT leaving 2750 to be sold at  80 NXT giving 220000NXT for reinvested
Sell 1800 at 100 NXT to make 180000NXT leaving 3200 to be sold at 100 NXT giving 320000NXT for reinvested

It would be helpful to know what the reinvestment amounts would get in terms of hashing power/mining income.

Right, I was just going to make a post about this. You got everything correct. Basically, I'll take the last of the T2 sales as my ROI for initial investment, the first sales will go immediately towards buying more hashpower, and whichever option we go with, I will keep the same amount of NXT and ONLY after all the initial shares are sold.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 01:07:21 am
There is  now a vote up to determine if we should change T2 pricing



Here are some figures:

Last week's mining income (http://ltcgear.com/ltc-payments/)
Total: 0.02303218 LTC / 7 days / 1 ASIC Share = 0.2303 LTC/MH = 0.002602 BTC/MH = 34.7 NXT/MH/week (Currently 0.1 MH per LTC2G share)

As far as what we would get for hashpower, that depends where its bought and if I can get some discount rates from cloud mining services. I'm talking to genesis-mining, hashlet resellers, and LTCgear about bulk purchases.

Options:

1) 2000 at  60 NXT = 120000NXT = ~9 BTC = ~$3600 for hashpower
2) 2750 at 80 NXT  =  220000NXT = ~16.5 BTC =~$6600 for hashpower
3) 3200 @ 100 NXT = 320000NXT = ~24 BTC =~ $9800 for hashpower
4) Sell all @ 50 NXT = 220000NXT= #2

And as far as MH/s added and revenue per share added (before 35/65 split) some rough figures:


                       MH/s added to LTC2G   Revenue per share added (NXT)      
                                  1     2/4      3                 1             2/4              3
LTCgear w/ code        640   1120  1760          1.1104   1.9432      3.0536
LTCgear, no code       320   560    880           0.5552   0.9716   1.5268
Genesis @ 15$ ea      240   440    650           0.4164   0.7634   1.12775
ZenHashlet @ 21 ea   171   314    467           0.296685   0.54479   0.810245

Option 1: would add 640 MH/s and leave 6000 shares, 30% of profit going into pool
Option 2: would add 1120 MH/s and leave 6000 shares, " "
Option 3: would add 1760 MH/s and leave 6000 shares, " " but is price too high?
Option 4: would add 1120 MH/s but leave 0 shares remaining

It appears LTCg purchases are still possible. So unless we want to diversify into higher priced offers, we will stick with LTCg.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 26, 2014, 01:51:12 am
it should be restructured , it should payout 0% till decemeber and then use all the generated funds to buy the new 5dollar/mh scrypt asic comming out.
MHash now is worth more than MHash in the future, that is the nature of increasing difficulty and why we have to keep adding hardware. So waiting is probably not an option.

That said we should definitely plan to get cheaper MHash :)

Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 02:25:21 am
it should be restructured , it should payout 0% till decemeber and then use all the generated funds to buy the new 5dollar/mh scrypt asic comming out.
MHash now is worth more than MHash in the future, that is the nature of increasing difficulty and why we have to keep adding hardware. So waiting is probably not an option.

That said we should definitely plan to get cheaper MHash :)

Agree. Trying to get <$10 for hosted MH/s.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 02:26:18 am
Final batch of T1 going up now!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 02:46:25 am
I've been watching the LTCgear page all day, and managed to pick up another batch w/ coupon code for a price of about 28000 NXT / 2.07 BTC

Paying with 10,000 from T1 sales and 300 shares sold last night @ 60


Please send your bitcoin payment as follows:
Amount (BTC):   
2.07107992
Address:   
1B2vp74USeQyYRyXvaapxgGMwUHq1x42Xk
https://blockchain.info/address/1B2vp74USeQyYRyXvaapxgGMwUHq1x42Xk
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 04:50:16 am
I have added more options to the poll and reset votes and running for another day. For the record, we had 3 votes for #1 and 1 vote for #3
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 26, 2014, 06:22:08 am
Nice options  :D
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 07:32:27 am
Nice options  :D

Thanks :)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 07:42:31 am
I'm kicking around an idea to add additional value to the asset as well as increase mining power faster than through asset sales alone
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 08:05:12 am
(http://i.imgur.com/Kjmvt3P.jpg)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: whatnxt on September 26, 2014, 08:53:11 am
I'm kicking around an idea to add additional value to the asset as well as increase mining power faster than through asset sales alone

Sounds interesting, feel free to kick around here.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 08:58:34 am
Nevermind. We'll just keep things as they are.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: yanlap on September 26, 2014, 09:09:33 am
I think increasing hashpower suitable for long-term development.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Sebastien256 on September 26, 2014, 09:11:26 am
You again want to change the term of the IPO? I for one investor want stability.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: mezzovide on September 26, 2014, 09:13:12 am
I think increasing hashpower suitable for long-term development.

i agree
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 09:31:41 am
You again want to change the term of the IPO? I for one investor want stability.
Ok, nothing will change for now... It's maybe a good idea that we can implement at a later date.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 06:40:45 pm
Reminder to all shareholders - tell your friends about LTCgear and any income we get with our affiliate code - http://ltcgear.com?apage=216 (http://ltcgear.com?apage=216) - will go 100% towards hashrate increases for the account.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 26, 2014, 11:24:35 pm
Voting has ended. The average price from the other votes is 70.67 so the remaining 4700 shares of T2 will list at 70 NXT. T3 will sell at 100. I'm going to simplify things too - 50% of remaining T2 and T3 sales will go towards more hashpower.  This will buy 2.5 GH/s (at the LTCgear discount rate) once all shares are sold, more than doubling our current hashrate.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: pf on September 27, 2014, 07:28:11 am
Reminder to all shareholders - tell your friends about LTCgear and any income we get with our affiliate code - http://ltcgear.com?apage=216 (http://ltcgear.com?apage=216) - will go 100% towards hashrate increases for the account. So far we have $405 which is halfway to another 160 MH/s.  :)

If 405 dollars is nearly halfway to another 160mh how are you possibly justifying a price of 12 dollars a mh?
That would work out to 160 mh at 12 dollars per mh being worth just over 1900 dollars. Which of these figures is accurate? If only half of tier 2 and 3 sales are going to hash power where do the rest go?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 27, 2014, 02:00:24 pm
I bought all hashpower up front, so the sales go to repaying the initial costs, and I am managing this asset and doing transactions for the life of the fund. 1900$ is the normal price of the biggest package, smaller amounts are MUCH more expensive, 12$ per mhs is a better price than any online provider offers, and that's unmanaged.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 27, 2014, 10:29:29 pm
First Dividend payment went out today! Champagne everyone.

We got our payout from LTCgear today, so I'm making the dividend payment early. No point in waiting until Monday. Payout is being split equally among all 20,000 shares.

The LTCgear payment covers from 9/19-9/25, a full weeks payment would have been Total: 0.02148952 LTC / 7 days / 1 ASIC Share = 429.8 LTC for all 20,000 shares, but I didn't buy the ASICsahres until 9/20-9/21 so we didn't get the full amount this week. Even so, we received a payout of 363.21 LTC which I traded at a rate of 0.01108 for 4.0168341 BTC.  1.4052341 goes towards reinvestment and 2.6116 towards dividend payments. NXT bought on BTER for average 0.00007775 each, after withdrawal fee thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share. Not bad for only 4-5 days of mining!


Here are the payments:

Transaction ID      Date   Type   Amount   Fee   Account   Confirmations
9207740220046530425   /   9/27/2014 18:18:55   Ordinary Payment      83.50715229   1   NXT-PJ4S-P5MU-LFBV-6ARBY   1
6405058249840161879   /   9/27/2014 18:19:21   Ordinary Payment      65.30259309   1   NXT-2X8W-4N8Q-GAU4-9MGNS   1
4700129558980066410   /   9/27/2014 18:19:13   Ordinary Payment      78.49672315   1   NXT-6N4J-BT95-U4Z9-DXM8F   1
3849232711327419394   /   9/27/2014 18:19:04   Ordinary Payment      83.50715229   1   NXT-T42Q-CW9H-CZ4A-2H4NA   1
10546438517453123134   /   9/27/2014 18:19:29   Ordinary Payment      6.68057218   1   NXT-LHCG-TZRC-555R-6ERWX   1
10354749594483040490   /   9/27/2014 18:19:47   Ordinary Payment      6.68057218   1   NXT-7LUP-MRCU-VHAB-C5XXJ   1
9172668326354724123   /   9/27/2014 18:16:41   Ordinary Payment      584.55006603   1   NXT-FRPF-MGEF-7D9K-48FRP   2
7723378897099474319   /   9/27/2014 18:18:23   Ordinary Payment      200.4171655   1   NXT-P5KE-ASXN-FYQP-DCVT7   2
7449794968863450836   /   9/27/2014 18:17:36   Ordinary Payment      318.32926453   1   NXT-GHAL-CD2K-HEEG-7PLBL   2
7306319488771067893   /   9/27/2014 18:17:12   Ordinary Payment      334.02860916   1   NXT-4YTH-DK85-MZXL-FZDGE   2
6776288871445602117   /   9/27/2014 18:16:24   Ordinary Payment      668.05721832   1   NXT-78DJ-22UJ-6AMF-22222   2
5161075814248452335   /   9/27/2014 18:18:07   Ordinary Payment      232.14988337   1   NXT-R3DM-JL5U-QATR-9XELX   2
4912857158849909601   /   9/27/2014 18:17:20   Ordinary Payment      334.02860916   1   NXT-XW8Z-J9Q2-AUFT-HSAL4   2
2911535570235654861   /   9/27/2014 18:18:26   Ordinary Payment      167.01430458   1   NXT-NTLS-ZSZT-R5R2-5U57X   2
2287873088451350900   /   9/27/2014 18:18:40   Ordinary Payment      123.59058539   1   NXT-N8N2-X7C2-CKPJ-EECJW   2
2087455327113274063   /   9/27/2014 18:17:45   Ordinary Payment      258.8721721   1   NXT-RNKQ-TTGX-V6DP-H55PS   2
936805400253120226   /   9/27/2014 18:17:50   Ordinary Payment      250.52145687   1   NXT-CSMZ-VJV5-YVVP-5FZQU   2
520513936140839763   /   9/27/2014 18:18:46   Ordinary Payment      83.50715229   1   NXT-8QLY-CRHV-NSJZ-CCZ5K   2
17636664918315704028   /   9/27/2014 18:16:32   Ordinary Payment      653.02593091   1   NXT-UAPC-3T43-FFT6-HW5BZ   2
17200381538829162117   /   9/27/2014 18:16:09   Ordinary Payment      918.57867519   1   NXT-N6V9-4CUE-TZG5-BF9SF   2
16907834371183567748   /   9/27/2014 18:15:36   Ordinary Payment      1'663.46247362   1   NXT-9HP3-8QJW-NY3Y-9QLLZ   2
16678774774425184552   /   9/27/2014 18:17:59   Ordinary Payment      250.52145687   1   NXT-BPZH-L5JZ-TS9Q-6RVTM   2
15971931191250568854   /   9/27/2014 18:18:15   Ordinary Payment      217.11859595   1   NXT-98EP-BVRB-WU6B-386RA   2
14367463552631185213   /   9/27/2014 18:15:44   Ordinary Payment      1'372.85758365   1   NXT-3NTG-FJPG-FFRY-FSZH4   2
14338464758435102912   /   9/27/2014 18:16:55   Ordinary Payment      412.52533231   1   NXT-B4WZ-9FJT-RJGU-CXFP5   2
13997060514763808503   /   9/27/2014 18:16:18   Ordinary Payment      729.1844538   1   NXT-8CBP-XQAH-J47K-GNQPB   2
13872561767844685441   /   9/27/2014 18:16:46   Ordinary Payment      501.04291374   1   NXT-9SYB-C2GF-JA2X-2R4S3   2
13181044657299599668   /   9/27/2014 18:18:32   Ordinary Payment      167.01430458   1   NXT-234E-3WCH-RN8G-DPHCT   2
12800845834799078902   /   9/27/2014 18:17:03   Ordinary Payment      372.44189921   1   NXT-RA6F-TBCY-CAZA-GHHME   2
12662420457970885927   /   9/27/2014 18:18:25   Ordinary Payment      167.01430458   1   NXT-GNX2-6L6V-XNZ8-675FR   2
9642972555160327703   /   9/27/2014 18:16:01   Ordinary Payment      1'058.87069104   1   NXT-N5FJ-8L9C-MQXU-D2HED   2
9381073687020957616   /   9/27/2014 18:15:53   Ordinary Payment      1'169.10013206   1   NXT-AHEC-RDXK-L3XY-A3HME   2

Account history from btc-e:

transaction            id      comment   date   
#847052664   -2.6116 BTC   Withdrawal BTC to address 1Gidhkw7Vv5fnSbMRbAAo5sxY16yv2fHNb   27.09.14
22:01:42   yes
#846887920   +0.81930543 BTC   Sell 74.09271861 LTC from order #387220216 by price 0.01108 BTC total 0.82094732 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887918   +0.552892 BTC   Sell 50 LTC from order #387219135 by price 0.01108 BTC total 0.554 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887916   +2.07724487 BTC   Sell 187.8526795 LTC from order #387167563 by price 0.01108 BTC total 2.08140768 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887914   +0.553391 BTC   Sell 50 LTC from order #387220542 by price 0.01109 BTC total 0.5545 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887912   +0.0140008 BTC   Sell 1.265 LTC from order #387220509 by price 0.01109 BTC total 0.01402885 BTC (-0.2%)   27.09.14
20:24:14   yes
#844962971   +363.21039811 LTC   LTC payment   26.09.14
23:40:02   yes

Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: spaw on September 28, 2014, 12:42:42 am
Congrats and thank you Zach!!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Mu_XuE on September 28, 2014, 12:43:19 am
Congratulations.
I received. This is a great investment.
Thank you! ;)
First Dividend payment went out today! Champagne everyone.

We got our payout from LTCgear today, so I'm making the dividend payment early. No point in waiting until Monday. Payout is being split equally among all 20,000 shares.

The LTCgear payment covers from 9/19-9/25, a full weeks payment would have been Total: 0.02148952 LTC / 7 days / 1 ASIC Share = 429.8 LTC for all 20,000 shares, but I didn't buy the ASICsahres until 9/20-9/21 so we didn't get the full amount this week. Even so, we received a payout of 363.21 LTC which I traded at a rate of 0.01108 for 4.0168341 BTC.  1.4052341 goes towards reinvestment and 2.6116 towards dividend payments. NXT bought on BTER for average 0.00007775 each, after withdrawal fee thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share. Not bad for only 4-5 days of mining!


Here are the payments:

Transaction ID      Date   Type   Amount   Fee   Account   Confirmations
9207740220046530425   /   9/27/2014 18:18:55   Ordinary Payment      83.50715229   1   NXT-PJ4S-P5MU-LFBV-6ARBY   1
6405058249840161879   /   9/27/2014 18:19:21   Ordinary Payment      65.30259309   1   NXT-2X8W-4N8Q-GAU4-9MGNS   1
4700129558980066410   /   9/27/2014 18:19:13   Ordinary Payment      78.49672315   1   NXT-6N4J-BT95-U4Z9-DXM8F   1
3849232711327419394   /   9/27/2014 18:19:04   Ordinary Payment      83.50715229   1   NXT-T42Q-CW9H-CZ4A-2H4NA   1
10546438517453123134   /   9/27/2014 18:19:29   Ordinary Payment      6.68057218   1   NXT-LHCG-TZRC-555R-6ERWX   1
10354749594483040490   /   9/27/2014 18:19:47   Ordinary Payment      6.68057218   1   NXT-7LUP-MRCU-VHAB-C5XXJ   1
9172668326354724123   /   9/27/2014 18:16:41   Ordinary Payment      584.55006603   1   NXT-FRPF-MGEF-7D9K-48FRP   2
7723378897099474319   /   9/27/2014 18:18:23   Ordinary Payment      200.4171655   1   NXT-P5KE-ASXN-FYQP-DCVT7   2
7449794968863450836   /   9/27/2014 18:17:36   Ordinary Payment      318.32926453   1   NXT-GHAL-CD2K-HEEG-7PLBL   2
7306319488771067893   /   9/27/2014 18:17:12   Ordinary Payment      334.02860916   1   NXT-4YTH-DK85-MZXL-FZDGE   2
6776288871445602117   /   9/27/2014 18:16:24   Ordinary Payment      668.05721832   1   NXT-78DJ-22UJ-6AMF-22222   2
5161075814248452335   /   9/27/2014 18:18:07   Ordinary Payment      232.14988337   1   NXT-R3DM-JL5U-QATR-9XELX   2
4912857158849909601   /   9/27/2014 18:17:20   Ordinary Payment      334.02860916   1   NXT-XW8Z-J9Q2-AUFT-HSAL4   2
2911535570235654861   /   9/27/2014 18:18:26   Ordinary Payment      167.01430458   1   NXT-NTLS-ZSZT-R5R2-5U57X   2
2287873088451350900   /   9/27/2014 18:18:40   Ordinary Payment      123.59058539   1   NXT-N8N2-X7C2-CKPJ-EECJW   2
2087455327113274063   /   9/27/2014 18:17:45   Ordinary Payment      258.8721721   1   NXT-RNKQ-TTGX-V6DP-H55PS   2
936805400253120226   /   9/27/2014 18:17:50   Ordinary Payment      250.52145687   1   NXT-CSMZ-VJV5-YVVP-5FZQU   2
520513936140839763   /   9/27/2014 18:18:46   Ordinary Payment      83.50715229   1   NXT-8QLY-CRHV-NSJZ-CCZ5K   2
17636664918315704028   /   9/27/2014 18:16:32   Ordinary Payment      653.02593091   1   NXT-UAPC-3T43-FFT6-HW5BZ   2
17200381538829162117   /   9/27/2014 18:16:09   Ordinary Payment      918.57867519   1   NXT-N6V9-4CUE-TZG5-BF9SF   2
16907834371183567748   /   9/27/2014 18:15:36   Ordinary Payment      1'663.46247362   1   NXT-9HP3-8QJW-NY3Y-9QLLZ   2
16678774774425184552   /   9/27/2014 18:17:59   Ordinary Payment      250.52145687   1   NXT-BPZH-L5JZ-TS9Q-6RVTM   2
15971931191250568854   /   9/27/2014 18:18:15   Ordinary Payment      217.11859595   1   NXT-98EP-BVRB-WU6B-386RA   2
14367463552631185213   /   9/27/2014 18:15:44   Ordinary Payment      1'372.85758365   1   NXT-3NTG-FJPG-FFRY-FSZH4   2
14338464758435102912   /   9/27/2014 18:16:55   Ordinary Payment      412.52533231   1   NXT-B4WZ-9FJT-RJGU-CXFP5   2
13997060514763808503   /   9/27/2014 18:16:18   Ordinary Payment      729.1844538   1   NXT-8CBP-XQAH-J47K-GNQPB   2
13872561767844685441   /   9/27/2014 18:16:46   Ordinary Payment      501.04291374   1   NXT-9SYB-C2GF-JA2X-2R4S3   2
13181044657299599668   /   9/27/2014 18:18:32   Ordinary Payment      167.01430458   1   NXT-234E-3WCH-RN8G-DPHCT   2
12800845834799078902   /   9/27/2014 18:17:03   Ordinary Payment      372.44189921   1   NXT-RA6F-TBCY-CAZA-GHHME   2
12662420457970885927   /   9/27/2014 18:18:25   Ordinary Payment      167.01430458   1   NXT-GNX2-6L6V-XNZ8-675FR   2
9642972555160327703   /   9/27/2014 18:16:01   Ordinary Payment      1'058.87069104   1   NXT-N5FJ-8L9C-MQXU-D2HED   2
9381073687020957616   /   9/27/2014 18:15:53   Ordinary Payment      1'169.10013206   1   NXT-AHEC-RDXK-L3XY-A3HME   2

Account history from btc-e:

transaction            id      comment   date   
#847052664   -2.6116 BTC   Withdrawal BTC to address 1Gidhkw7Vv5fnSbMRbAAo5sxY16yv2fHNb   27.09.14
22:01:42   yes
#846887920   +0.81930543 BTC   Sell 74.09271861 LTC from order #387220216 by price 0.01108 BTC total 0.82094732 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887918   +0.552892 BTC   Sell 50 LTC from order #387219135 by price 0.01108 BTC total 0.554 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887916   +2.07724487 BTC   Sell 187.8526795 LTC from order #387167563 by price 0.01108 BTC total 2.08140768 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887914   +0.553391 BTC   Sell 50 LTC from order #387220542 by price 0.01109 BTC total 0.5545 BTC (-0.2%)   27.09.14
20:24:14   yes
#846887912   +0.0140008 BTC   Sell 1.265 LTC from order #387220509 by price 0.01109 BTC total 0.01402885 BTC (-0.2%)   27.09.14
20:24:14   yes
#844962971   +363.21039811 LTC   LTC payment   26.09.14
23:40:02   yes
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: pt on September 28, 2014, 02:03:27 am
Payment received! Thanks

Less than a week!!  :o  Looking like a winner.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 28, 2014, 02:06:05 am
You're welcome guys! Sorry the payout was a little low this week, we didnt have the full week of mining. Next week will be better.

Hit me up with some good karma to offset that pf jerk's pauls  :P

By the way, some fools are selling below 60. Cheap ltc2g.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: yanlap on September 28, 2014, 02:47:18 am
You're welcome guys! Sorry the payout was a little low this week, we didnt have the full week of mining. Next week will be better.

Hit me up with some good karma to offset that pf jerk's pauls  :P

By the way, some fools are selling below 60. Cheap ltc2g.

Dividend has been received. Keep up the good work.  ;)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: blackyblack1 on September 28, 2014, 04:03:03 am
Cool, now it's something. Is it very hard to you to keep dividents in LTC for me? This will save on exchange and diversify my investments.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: jl777 on September 28, 2014, 04:28:35 am
Cool, now it's something. Is it very hard to you to keep dividents in LTC for me? This will save on exchange and diversify my investments.
I have a LOT of mgwLTC I am looking to sell
MGW withdraws are offline for now, but eventually it will come back online with the production MGW servers
I would be happy to accept LTC directly and I can send mgwLTC
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends)
Post by: Cryptographer on September 28, 2014, 12:23:43 pm
Cool, now it's something. Is it very hard to you to keep dividents in LTC for me? This will save on exchange and diversify my investments.
I have a LOT of mgwLTC I am looking to sell
MGW withdraws are offline for now, but eventually it will come back online with the production MGW servers
I would be happy to accept LTC directly and I can send mgwLTC

Thanks James, if people prefer I can do all payments in LTC or possibly some of each
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: pf on September 28, 2014, 03:20:41 pm
Why do all of your payouts only add up to 8267.70912 NXT then?
You left out the part where you kept the majority of the NXT as the asset issuer, even though those shares have not sold yet and therefore have contributed nothing to the current dividends.

BTW, you only transferred 9/27/2014 13:20:21 Ordinary Payment  13'532 1 NXT-LVKY-Q9KY-5Q2Z-AV9JA  back to the asset issuer today.  How did you even come up with the 8267.70912 NXT that got sent out as payments? Why don't you just post the output of the dividends+ module the same way that every other asset issuer does?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Artila on September 28, 2014, 08:18:07 pm
Why do all of your payouts only add up to 8267.70912 NXT then?
You left out the part where you kept the majority of the NXT as the asset issuer, even though those shares have not sold yet and therefore have contributed nothing to the current dividends.

BTW, you only transferred 9/27/2014 13:20:21 Ordinary Payment  13'532 1 NXT-LVKY-Q9KY-5Q2Z-AV9JA  back to the asset issuer today.  How did you even come up with the 8267.70912 NXT that got sent out as payments? Why don't you just post the output of the dividends+ module the same way that every other asset issuer does?

I would also be interested in how this has been worked out.

You said "thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share"

Did you tell us this is how it would be worked out even if all the shares had not been sold. Or is there something I missed.

I did receive my dividend so thank you, but this Asset still makes me nervous
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 28, 2014, 08:27:03 pm
Why do all of your payouts only add up to 8267.70912 NXT then?
You left out the part where you kept the majority of the NXT as the asset issuer, even though those shares have not sold yet and therefore have contributed nothing to the current dividends.

BTW, you only transferred 9/27/2014 13:20:21 Ordinary Payment  13'532 1 NXT-LVKY-Q9KY-5Q2Z-AV9JA  back to the asset issuer today.  How did you even come up with the 8267.70912 NXT that got sent out as payments? Why don't you just post the output of the dividends+ module the same way that every other asset issuer does?

Ok so once again for the fourth time I bought all the hashpower before issuing the asset and each share represents 1/20000 of that total hashpower, so yes I'm taking dividends from the shares I still own.

As far as your "calculations" go pf, try deleting the ' from the numbers before using the SUM( ) function in excel.Maybe then you'll come up with the correct result Sherlock.

For some reason the NXT client puts apostrophes in the numbers which makes excel not recognize them. (Can whoever does the coding make it not do that?)

Here are all the payouts including the last 331.87 sent manually to the one guy who still holds 197.7 LTCshares, with the apostrophe's removed. You should be able to add them up in Excel now.

16793772550255333869   /   9/27/2014   22:28:33   Ordinary   Payment            331.8768
9207740220046530425   /   9/27/2014   18:18:55   Ordinary   Payment            83.50715229
6405058249840161879   /   9/27/2014   18:19:21   Ordinary   Payment            65.30259309
4700129558980066410   /   9/27/2014   18:19:13   Ordinary   Payment            78.49672315
3849232711327419394   /   9/27/2014   18:19:04   Ordinary   Payment            83.50715229
10546438517453123134   /   9/27/2014   18:19:29   Ordinary   Payment            6.68057218
10354749594483040490   /   9/27/2014   18:19:47   Ordinary   Payment            6.68057218
9172668326354724123   /   9/27/2014   18:16:41   Ordinary   Payment            584.550066
7723378897099474319   /   9/27/2014   18:18:23   Ordinary   Payment            200.4171655
7449794968863450836   /   9/27/2014   18:17:36   Ordinary   Payment            318.3292645
7306319488771067893   /   9/27/2014   18:17:12   Ordinary   Payment            334.0286091
6776288871445602117   /   9/27/2014   18:16:24   Ordinary   Payment            668.0572183
5161075814248452335   /   9/27/2014   18:18:07   Ordinary   Payment            232.1498833
4912857158849909601   /   9/27/2014   18:17:20   Ordinary   Payment            334.0286091
2911535570235654861   /   9/27/2014   18:18:26   Ordinary   Payment            167.0143045
2287873088451350900   /   9/27/2014   18:18:40   Ordinary   Payment            123.5905853
2087455327113274063   /   9/27/2014   18:17:45   Ordinary   Payment            258.8721721
936805400253120226   /   9/27/2014   18:17:50   Ordinary   Payment            250.5214568
520513936140839763   /   9/27/2014   18:18:46   Ordinary   Payment            83.50715229
17636664918315704028   /   9/27/2014   18:16:32   Ordinary   Payment            653.0259309
17200381538829162117   /   9/27/2014   18:16:09   Ordinary   Payment            918.5786751
16907834371183567748   /   9/27/2014   18:15:36   Ordinary   Payment            1663.46247
16678774774425184552   /   9/27/2014   18:17:59   Ordinary   Payment            250.5214568
15971931191250568854   /   9/27/2014   18:18:15   Ordinary   Payment            217.1185959
14367463552631185213   /   9/27/2014   18:15:44   Ordinary   Payment            1372.85758
14338464758435102912   /   9/27/2014   18:16:55   Ordinary   Payment            412.5253323
13997060514763808503   /   9/27/2014   18:16:18   Ordinary   Payment            729.1844538
13872561767844685441   /   9/27/2014   18:16:46   Ordinary   Payment            501.0429137
13181044657299599668   /   9/27/2014   18:18:32   Ordinary   Payment            167.0143045
12800845834799078902   /   9/27/2014   18:17:03   Ordinary   Payment            372.4418992
12662420457970885927   /   9/27/2014   18:18:25   Ordinary   Payment            167.0143045
9642972555160327703   /   9/27/2014   18:16:01   Ordinary   Payment            1058.87069
9381073687020957616   /   9/27/2014   18:15:53   Ordinary   Payment            1169.10013
         SUM   13850.51564
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: mezzovide on September 28, 2014, 08:47:55 pm

.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 28, 2014, 09:00:24 pm
Why do all of your payouts only add up to 8267.70912 NXT then?
You left out the part where you kept the majority of the NXT as the asset issuer, even though those shares have not sold yet and therefore have contributed nothing to the current dividends.

BTW, you only transferred 9/27/2014 13:20:21 Ordinary Payment  13'532 1 NXT-LVKY-Q9KY-5Q2Z-AV9JA  back to the asset issuer today.  How did you even come up with the 8267.70912 NXT that got sent out as payments? Why don't you just post the output of the dividends+ module the same way that every other asset issuer does?

I would also be interested in how this has been worked out.

You said "thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share"

Did you tell us this is how it would be worked out even if all the shares had not been sold. Or is there something I missed.

I did receive my dividend so thank you, but this Asset still makes me nervous

Artilla, I did explain how I made payouts.
we received a payout of 363.21 LTC which I traded at a rate of 0.01108 for 4.0168341 BTC. 1.4052341 goes towards reinvestment and 2.6116 towards dividend payments. NXT bought on BTER for average 0.00007775 each, after withdrawal fee thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share. Not bad for only 4-5 days of mining!


Each share represents 1/20,000th of our mining account on LTCgear. The entire account currently holds 2.16 GH/s of scrypt power. The total mining income for last week 4.06 BTC. 1.405 to reinvest, 2.6116 to pay out. Each share gets an equal portion of that amount.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 28, 2014, 09:04:03 pm

calm down man, No need for bad language too.

I AM CALM!!!!!!!!

 :P

You're right, I'm sorry. I am now calm.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: mezzovide on September 28, 2014, 09:35:38 pm
Dont worry u just proves this with first divident, but its only first, there's much more coming and only time will tell. Safe ur energy for something else, keep proving urself to other who doubts you :)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: pt on September 28, 2014, 09:47:26 pm
(http://cdn.meme.am/instances/500x/54814457.jpg)

We should welcome new assets to the community.

Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 29, 2014, 03:29:26 am
We should welcome new assets to the community.

Yes, it seems like the established asset issuers don't want any competition from new blood  ;D
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: yanlap on September 29, 2014, 05:00:50 am
Keep going & mining  :)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Mu_XuE on September 29, 2014, 05:19:42 am
Keep going & mining  :)
+1 ;)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: pf on September 29, 2014, 01:41:32 pm

I would also be interested in how this has been worked out.

You said "thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share"

Did you tell us this is how it would be worked out even if all the shares had not been sold. Or is there something I missed.

I did receive my dividend so thank you, but this Asset still makes me nervous

Sorry for not removing the apostrophees earlier.  So actual shareholders only recieved a bit over 13000 NXT, while the asset issuer kept the remaining NXT for himself.  This is a pretty profitable asset for the issuer apparently, especially considering the op says right in it that only 50% of the NXT raised from the sale of the t2 and t3 assets will even be invested into new hardware.   And until they are all fully sold he gets to keep most of the NXT earned anyways!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: mezzovide on September 29, 2014, 05:24:17 pm

I would also be interested in how this has been worked out.

You said "thay gives us 33576.76 NXT/20,000 shares = 1.6788 NXT per share"

Did you tell us this is how it would be worked out even if all the shares had not been sold. Or is there something I missed.

I did receive my dividend so thank you, but this Asset still makes me nervous

Sorry for not removing the apostrophees earlier.  So actual shareholders only recieved a bit over 13000 NXT, while the asset issuer kept the remaining NXT for himself.  This is a pretty profitable asset for the issuer apparently, especially considering the op says right in it that only 50% of the NXT raised from the sale of the t2 and t3 assets will even be invested into new hardware.   And until they are all fully sold he gets to keep most of the NXT earned anyways!

well, its also pretty profitable asset for investor, so...  ::)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 29, 2014, 05:37:43 pm

Sorry for not removing the apostrophees earlier.  So actual shareholders only recieved a bit over 13000 NXT, while the asset issuer kept the remaining NXT for himself.  This is a pretty profitable asset for the issuer apparently, especially considering the op says right in it that only 50% of the NXT raised from the sale of the t2 and t3 assets will even be invested into new hardware.   And until they are all fully sold he gets to keep most of the NXT earned anyways!

Aaand he's still trolling! What happened to no more posts on this thread?

Its ok, I'm glad you figured out how to use excel, but no more free lessons on our asset page. Please learn how to read also, your comments have already been discussed in previous posts, and in the OP.

Once again, I bought 2gh of hashrate up front with my own money, so I will take my share of the mining income from unsold shares. I hope you understand the difference between that and simply buying overpriced unprofitable hardware with investor money like you have done. Asset sales go to repaying my initial investment, increasing hashrate, and some for profit. Seems perfectly reasonable to me.

This thread is for investors and potential investors not for jealous competitors, please go back to your trollcave and stop posting here.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 29, 2014, 08:05:13 pm
Just added 320 MH/s.  We are now up to 2480 MH/s in the mining account.  8)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: spaw on September 30, 2014, 02:22:52 am
+1
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 30, 2014, 03:22:06 am
I will be starting a giveaway - each time pf posts something to this thread, the first two people who post a satirical meme will get 5 LTC2G shares! You can start with his last post.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: yanlap on September 30, 2014, 03:42:58 am
I will be starting a giveaway - each time pf posts something to this thread, the first two people who post a satirical meme will get 5 LTC2G shares! You can start with his last post.

Each mind has its own method ,and without comparison
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 30, 2014, 04:04:33 am
(http://cdn.meme.am/instances/500x/54814457.jpg)

We should welcome new assets to the community.
+1
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: PureVision on September 30, 2014, 05:03:52 am
(http://i.imgur.com/3NGnmTF.jpg)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Mu_XuE on September 30, 2014, 05:20:56 am
Just added 320 MH/s.  We are now up to 2480 MH/s in the mining account.  8)
;)GOOD!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: diks on September 30, 2014, 01:50:36 pm
(http://www.hostpic.org/images/1409301919500124.jpg)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on September 30, 2014, 02:54:21 pm
For those interested in purchasing qASIC shares directly you can buy them using this marketplace listing: 8299219017108626984

50% of profits will buy more hashrate for LTCshare2G and 50% will paid as dividends to LTCshare2G.


Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: spaw on September 30, 2014, 08:36:02 pm
For those interested in purchasing qASIC shares directly you can buy them using this marketplace listing: 8299219017108626984

50% of profits will buy more hashrate for LTCshare2G and 50% will paid as dividends to LTCshare2G.
Doing work!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: NXTgenMine on October 01, 2014, 12:59:44 am
-
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 01, 2014, 03:04:08 pm
I want to get some feedback from investors -

How do you guys feel about increasing the reinvestment/dividend ratio to 40/60 instead of 35/65? Let me know your thoughts.


Also, thanks for helping me make this asset successful. We will overcome all the fudder's and copycats soon enough. This weekend's payout should be great :)

Currently at 2.48 GH/s with only 20,000 shares, that's  0.124 MH/s PER SHARE  (compare this to other mining assets) - and once T2 is sold our MH/s per share will double. T3 sales should take us up to a whopping 5 GH/s+.  Be excited :)
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: blackyblack1 on October 01, 2014, 04:55:28 pm
I want to get some feedback from investors -

How do you guys feel about increasing the reinvestment/dividend ratio to 40/60 instead of 35/65? Let me know your thoughts.
I'd like to see what will we benefit from this change.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 01, 2014, 05:31:55 pm
I want to get some feedback from investors -

How do you guys feel about increasing the reinvestment/dividend ratio to 40/60 instead of 35/65? Let me know your thoughts.
I'd like to see what will we benefit from this change.

Slightly smaller dividend payment, slightly faster growth rate in MH/s per share.

If we estimate 6 BTC total mining income for this week:
1) 35% reinvestment rate would add 2.1 BTC (about 153 MH/s) - 6.2% hashrate growth per week
2) 40% reinvestment would add 2.4 BTC (about 175 MH/s) - 7.05% hashrate growth per week

Compounded over 6 weeks: 1) would give 135% hashrate growth and total payout of 31.1 BTC, 2) would give 140% hashrate growth and total payout of 25.75 BTC.

payout calculation for 6 weeks:
1) (6*0.65)*(1+1.06+1.06^2+1.06^3+1.06^4+1.06^5) =31.1 BTC (5.58 BTC for the 6th week)
2)(6*0.60)*(1+1.07+1.07^2+1.07^3+1.07^4+1.07^5) = 25.75 BTC (5.4 BTC for the 6th week)

After 8 weeks, the weekly payments would equalize and then 2) would start pulling ahead.

All of this is very approximate since LTC mining profitability is constantly changing, but it gives us a rough idea. Basically 1) would give faster initial ROI but 2) would give increased long-term profitability.  It looks to me like keeping things at the 35/65 rate is the better option.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: blackyblack1 on October 01, 2014, 05:39:49 pm
So we are sticking with 35/65 or what?
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 01, 2014, 06:40:36 pm
I'm not changing anything, just proposing the idea and seeing how people feel about it
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: hurrikaani on October 01, 2014, 07:21:13 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Sebastien256 on October 01, 2014, 07:26:46 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Look like a sock puppet, sorry.  :P
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: whatnxt on October 01, 2014, 07:35:00 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Hurrikaani has a point. We are at the start of a big push in scrypt mining, the opportunity now is as big as it gets.
I do not know how quickly the difficulty will grow and so how much we need to reinvest. Someone with an eye on the supply of hashing power and technology may be able to comment on this.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: hurrikaani on October 01, 2014, 07:44:16 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Look like a sock puppet, sorry.  :P

Well, for a user with 0 posts and account created less than hour ago. It's pretty understandable.  8)

EDIT: I've been a stock owner for couple years now and i'm really used to view money as a thing for long-term. I'm ok with everything, but the growth will be pretty slow with 65% dividend payout.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Sebastien256 on October 01, 2014, 07:47:31 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Look like a sock puppet, sorry.  :P

Well, for a user with 0 posts and account created less than hour ago. It's pretty understandable.  8)

No it is not just that... lol
it would be a very weird coincidence if you are not a sock puppet. haha, anyway, just saying. Welcome to Nxt if i'm wrong!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: hurrikaani on October 01, 2014, 07:56:54 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Look like a sock puppet, sorry.  :P

Well, for a user with 0 posts and account created less than hour ago. It's pretty understandable.  8)

No it is not just that... lol
it would be a very weird coincidence if you are not a sock puppet. haha, anyway, just saying. Welcome to Nxt if i'm wrong!

Well, i'm not a sock puppet. :D I didnt even know what that term meant until i googled it. Also, why would anyone make a second account to affect invest/divid. ratio?

Thanks!  :) The reputation of this community is a big reason why i changed big piece of my BTC to NXT. I bought my first assets yesterday, after holding NXT-coins for months and wanted to follow AE more closely.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 01, 2014, 09:17:24 pm
Hello!

I would be happy with the increase of re-investment/dividend ratio to 40%. Even 50%-60% would be fine for me. Hell, i would even be ok with 100% re-invest for like 2-4 weeks. We should really push for more aggressive growth, especially now in the beginning.

Look like a sock puppet, sorry.  :P

Well, for a user with 0 posts and account created less than hour ago. It's pretty understandable.  8)

EDIT: I've been a stock owner for couple years now and i'm really used to view money as a thing for long-term. I'm ok with everything, but the growth will be pretty slow with 65% dividend payout.

Well, ROI must be considered also, if we only worry about increasing hashpower, we'll have huge mining power but investors will never make ROI. Also, the majority of hashrate growth over the next few weeks will come from T2 and T3 sales, which will get us another 2+GH/s once those are sold.  One option would be to increase reinvestment to 50/50 (or whatever), then lower by 5% per week until we're back at 35/65. The 35/65 ratio plus the 1.35 multiplier from LTCgear should keep us well ahead of LTC difficulty increase in the long term.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 01, 2014, 09:25:13 pm
By the way, with only 20,000 shares and 2.48 GH/s of hashpower, the lowest sell of LTCshare2G (55 NXT) is a good bargain
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Ikonic on October 02, 2014, 12:03:38 am
Good value at this price. 


Ike
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 02, 2014, 12:34:40 am
Good value at this price. 


Ike

Thanks Ike. Looks like SAAS is doing great, congrats! I think both of our offerings are solid choices since they will continue to increase their dividends and hashpower by reinvesting, unlike other mining assets that have a fixed MH/s per share that will constantly decrease in value. In the long run, investors should make ROI from dividend payments alone, AND share value will increase. It's a win-win situation.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 02, 2014, 04:24:21 am
So, made a decision. To help LTC2G grow faster and continue earning great dividends for investors, I will use 60% of the mining income from unsold T1 and T2 shares to buy more hashpower for the asset.  This way we can maximize growth rate early on without having to lower dividend payments.

You're welcome guys!

P.S.  If everyone with sell orders below 70 would please remove them until T2 sells, the hashrate of the fund will be  3-4 GH/s and your shares will be worth more... just sayin' ;)  Or, if someone would buy up all those cheap shares then we can get back to growing the fund!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: blackyblack1 on October 02, 2014, 05:12:28 am
So, made a decision. To help LTC2G grow faster and continue earning great dividends for investors, I will use 60% of the mining income from unsold T1 and T2 shares to buy more hashpower for the asset.  This way we can maximize growth rate early on without having to lower dividend payments.
Well this is a generous gift, thanks.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 02, 2014, 10:00:04 pm
So, made a decision. To help LTC2G grow faster and continue earning great dividends for investors, I will use 60% of the mining income from unsold T1 and T2 shares to buy more hashpower for the asset.  This way we can maximize growth rate early on without having to lower dividend payments.
Well this is a generous gift, thanks.

Yes sir. 

Next dividend payment should be tomorrow or Saturday.
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: Cryptographer on October 02, 2014, 10:43:49 pm
I visited my Dad and my brother last weekend, and told them about this mining asset, NXT and the NXT AE, and my Dad bought $100 worth of LTC2G! Now we have 2 new members of the NXT community who have never been involved with crypto before. You guys be nice to them! :)

Go NXT!
Title: Re: LTCshare2G (Scrypt Cloud mining - pays weekly dividends) 1st dividend paid
Post by: hurrikaani on October 03, 2014, 06:46:46 pm
I visited my Dad and my brother last weekend, and told them about this mining asset, NXT and the NXT AE, and my Dad bought $100 worth of LTC2G! Now we have 2 new members of the NXT community who have never been involved with crypto before. You guys be nice to them! :)

Go NXT!

You seem like a very nice person to be in business with.  :) Feeling really good about this investment. Also, the decision to use 60% of the mining income was a very generous one. Thank you.
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: Cryptographer on October 04, 2014, 11:07:14 pm
Dividend payment for our second week is complete!
Total paid to investors: 25906 NXT, 2.493 NXT/share
Total mining income for the week: 5.71443778 BTC
Total fund for reinvestment, including 60% of T2 and T3 shares, and the week's T2 share sales: 4.933187428 BTC
320 MH/s purchased for 4.75910202 BTC
Amount remaining in reinvestment fund: 0.2346854077 BTC (0.0606 from previous week)

Details of the weeks profit and recent hashpower purchases are here - LTCshare2G spreadsheed (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)

Here are all the dividend payments (apostrophe's deleted :P):

Code: [Select]
Transaction ID Amount Fee Account
2132745361420437572 2804.48903002 1 NXT-4HFF-7TTU-YTVL-AVMWV
2787216572372965950 2492.8791378 1 NXT-QYRM-XJ9K-8YP5-F8SV7
5327261849320875108 2482.90762125 1 NXT-9HP3-8QJW-NY3Y-9QLLZ
4647763536036428231 1951.17650115 1 NXT-J356-8B4K-L4DK-533EH
7469849788533144359 1939.45996921 1 NXT-N5FJ-8L9C-MQXU-D2HED
8471903890783699828 1745.01539646 1 NXT-AHEC-RDXK-L3XY-A3HME
7924649913011628113 1371.08352579 1 NXT-N6V9-4CUE-TZG5-BF9SF
14188857731542870880 1088.39103156 1 NXT-8CBP-XQAH-J47K-GNQPB
8963926589241892255 997.15165512 1 NXT-RNKQ-TTGX-V6DP-H55PS
2084515795625026904 997.15165512 1 NXT-78DJ-22UJ-6AMF-22222
4385312068376238809 897.43648961 1 NXT-FRPF-MGEF-7D9K-48FRP
13835055388292707735 835.11451116 1 NXT-XW8Z-J9Q2-AUFT-HSAL4
17900007956975751831 615.74114704 1 NXT-B4WZ-9FJT-RJGU-CXFP5
8085559945263596380 498.57582756 1 NXT-4YTH-DK85-MZXL-FZDGE
12660528064400118069 492.84220554 1 NXT-RQJG-FAY7-TRU9-BH9S5
15460592706288107920 441.23960739 1 NXT-UAPC-3T43-FFT6-HW5BZ
8595798844353683209 373.93187067 1 NXT-BPZH-L5JZ-TS9Q-6RVTM
3121624971062066770 373.93187067 1 NXT-CSMZ-VJV5-YVVP-5FZQU
8241506969623069528 324.07428791 1 NXT-98EP-BVRB-WU6B-386RA
17353793594423583599 299.14549654 1 NXT-P5KE-ASXN-FYQP-DCVT7
3318040197402281625 249.28791378 1 NXT-234E-3WCH-RN8G-DPHCT
18202945674293787999 249.28791378 1 NXT-NTLS-ZSZT-R5R2-5U57X
12895674392854877046 249.28791378 1 NXT-GNX2-6L6V-XNZ8-675FR
5714166826913783330 231.83775982 1 NXT-R3DM-JL5U-QATR-9XELX
14283209638448738375 196.93745189 1 NXT-N8N2-X7C2-CKPJ-EECJW
5732025675420301019 179.48729792 1 NXT-4ZRX-J6CN-MX2D-AGWZU
14542151427225215788 175.24940339 1 NXT-7QCB-YGNT-98UZ-G85SW
13839305342795828868 162.03714396 1 NXT-AV3A-7HFA-5BTJ-GCPPE
4265958341766082011 147.07986913 1 NXT-7NQY-PVNX-M2BL-HWRDA
8540605401152153956 137.10835258 1 NXT-T42Q-CW9H-CZ4A-2H4NA
15924931556568122565 124.64395689 1 NXT-8QLY-CRHV-NSJZ-CCZ5K
12268332828948161877 124.64395689 1 NXT-PJ4S-P5MU-LFBV-6ARBY
14843278566281690245 118.66104696 1 NXT-WMJR-C8ET-7Z36-FVDQW
12986611654849529630 117.16531948 1 NXT-6N4J-BT95-U4Z9-DXM8F
194215733552779198 114.67244034 1 NXT-RLRQ-VG89-34GD-BER3X
13825962580006555232 112.42884911 1 NXT-2X8W-4N8Q-GAU4-9MGNS
10275711854070529388 92.2365281 1 NXT-BP47-3RNU-QSN7-DJNKT
7559341417726856305 54.84334103 1 NXT-B4U9-W3BT-BRGR-AV3R7
9080566217330643811 14.95727483 1 NXT-7LUP-MRCU-VHAB-C5XXJ
14426323420377533713 12.46439569 1 NXT-TH5L-YUSA-B79L-D8PXL
4263638287876257018 9.97151655 1 NXT-LHCG-TZRC-555R-6ERWX
7986657632189374094 4.98575828 1 NXT-8UNC-QVL6-43W7-9KMFT
14143327743135732028 4.98575828 1 NXT-47L4-3ZFH-VP8P-2EA84
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: JanSako on October 04, 2014, 11:26:52 pm
Dividend payment for our second week is complete!
Total paid to investors: 25906 NXT, 2.493 NXT/share
Total mining income for the week: 5.71443778 BTC
Total fund for reinvestment, including 60% of T2 and T3 shares, and the week's T2 share sales: 4.933187428 BTC
320 MH/s purchased for 4.75910202 BTC
Amount remaining in reinvestment fund: 0.2346854077 BTC (0.0606 from previous week)


Received with thanks!
Keep it up, will buy some more shares soon, if there are any still left. 8)
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: Cryptographer on October 04, 2014, 11:47:52 pm
You seem like a very nice person to be in business with.  :) Feeling really good about this investment. Also, the decision to use 60% of the mining income was a very generous one. Thank you.

Received with thanks!
Keep it up, will buy some more shares soon, if there are any still left. 8)

Thanks guys! It's great to hear things like this and I'm happy you're on board!
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: yanlap on October 05, 2014, 04:22:26 am
Dividends received. Thank you!
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: Mu_XuE on October 05, 2014, 05:22:46 am
Dividends received. Thank you! ;)
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: mezzovide on October 05, 2014, 05:28:48 am
Huge Dividend received, Thank You!
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: JanSako on October 05, 2014, 10:20:03 am
You seem like a very nice person to be in business with.  :) Feeling really good about this investment. Also, the decision to use 60% of the mining income was a very generous one. Thank you.

Received with thanks!
Keep it up, will buy some more shares soon, if there are any still left. 8)

Thanks guys! Be careful about sending compliments from newbie accounts, people will claim you are sockpuppets! :P

Understood, I am a newbie in NXT, so I have a newbie account :-). How much time or how many posts do you need to have to not be considered a possible sockpuppet?

Was thinking of starting an asset too, but seems that first thing you get is FUD about being a scammer... Don't need that kind of shit on my record...
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: blackyblack1 on October 05, 2014, 10:25:42 am
You seem like a very nice person to be in business with.  :) Feeling really good about this investment. Also, the decision to use 60% of the mining income was a very generous one. Thank you.

Received with thanks!
Keep it up, will buy some more shares soon, if there are any still left. 8)

Thanks guys! Be careful about sending compliments from newbie accounts, people will claim you are sockpuppets! :P

Understood, I am a newbie in NXT, so I have a newbie account :-). How much time or how many posts do you need to have to not be considered a possible sockpuppet?

Was thinking of starting an asset too, but seems that first thing you get is FUD about being a scammer... Don't need that kind of shit on my record...
I think NxtInspect service could help in this case. They offer an audit service for your asset and I heard they can use escrow service to protect investors from being scammed.
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: hurrikaani on October 05, 2014, 06:11:45 pm
3100 shares bought in 24 hours.  8) Hashrate gonna grow fast now.

Anyone else worried about the crashing cryptocoin prices?
Title: Re: LTCshare2G - This week's dividend to investors: 25906 NXT, 2.493 NXT/share
Post by: Cryptographer on October 05, 2014, 09:02:39 pm
 I think this crash will be good for crypto in the long run as it may encourage a lot of people to buy in with the low prices :)


160 MH/s added for 2.6521 BTC (from asset sales) 0.42438 BTC in purchasing fund.

2.960 GH/s total
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: yanlap on October 06, 2014, 04:33:05 am
Be close to 3GH/s   :)
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: samson on October 06, 2014, 07:23:26 pm
Crypto what do you think the average weekly % increase in ghash rate will be once all the shares have been sold.  Obviously it is growing at a faster rate now because of buying more power as the shares sell.  But Im curious how fast you anticipate the ghash to grow weekly after the initial buy in period ends.
Title: Re: LTCshare2G:Week 2 dividend:25906 NXT to investors, 2.493 NXT/share.
Post by: Cryptographer on October 06, 2014, 09:47:50 pm
Hey Samson, thanks for your question.

Crypto what do you think the average weekly % increase in ghash rate will be once all the shares have been sold.  Obviously it is growing at a faster rate now because of buying more power as the shares sell.  But Im curious how fast you anticipate the ghash to grow weekly after the initial buy in period ends.

This post went through it fairly well -


If we estimate 6 BTC total mining income for this week:
1) 35% reinvestment rate would add 2.1 BTC (about 153 MH/s) - 6.2% hashrate growth per week
2) 40% reinvestment would add 2.4 BTC (about 175 MH/s) - 7.05% hashrate growth per week

Compounded over 6 weeks: 1) would give 135% hashrate growth and total payout of 31.1 BTC, 2) would give 140% hashrate growth and total payout of 25.75 BTC.

On top of that, we get a 35% hashrate increase every 6 weeks, so every 6 weeks our hashrate will increase by a factor of 1.35^2 or about 182% given current profitability rates.

Remaining T2 and T3 sales will add around 1.2 GH/s to our current 2.98 GH/s.  Once we reach 4.2 GH/s we'll be adding around 260 MH/s per week from reinvestment alone.  The faster T2 and T3 sell, the more MH/s we will add every week.

Also, I am now contributing 60% of my mining income from unsold T2 and T3 shares into the hashrate purchasing fund, so our current growthrate is more like 10% per week from reinvestment of mining income.
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: Cryptographer on October 07, 2014, 05:48:36 am
Man who keeps pauling me?
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: Cryptographer on October 07, 2014, 05:50:12 am
Being mercilessly pauled by a b.h. competitor! Need some +karma guys!  :P
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: whatnxt on October 07, 2014, 08:20:57 am
Being mercilessly pauled by a b.h. competitor! Need some +karma guys!  :P
You might consider editing the title of this thread. On first glance it reads like there will not be a dividend for two weeks.
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: JanSako on October 07, 2014, 09:37:25 am
Being mercilessly pauled by a b.h. competitor! Need some +karma guys!  :P

I assume "pauling" is adding the negative Karma... How do you even add + Karma? or is it that I can't because of the newbie account?
THX!
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: Cryptographer on October 07, 2014, 05:37:41 pm
Being mercilessly pauled by a b.h. competitor! Need some +karma guys!  :P
You might consider editing the title of this thread. On first glance it reads like there will not be a dividend for two weeks.

Oh lol. Will do, thanks!
Title: Re: LTCshare2G: 2nd Dividend Paid! Total @2nd week: 39756 NXT
Post by: Cryptographer on October 07, 2014, 07:19:32 pm
--
Title: Re: LTCshare2G: 2nd Dividend Paid! Total @2nd week: 39756 NXT
Post by: Cryptographer on October 07, 2014, 07:30:46 pm
Current Hashrate = 2960 MH/s.  That's 148 KH/s per share :)

(http://i.imgur.com/0jxnT1b.jpg)

Just received our affiliate income -

7 Oct   2014   15:15   Received with "Affiliate Income" (1DrAeN2q5Unu48yotn4orQmGF3gSfKfJR2)   1.244171   409.02   fc113785d8e25db505a19841c539196a27cd0ca9a933896cc731dbb6cb09011c

This brings the total in reinvestment fund to 1.668551 BTC and 3714 NXT.

I'd like to remind you guys that any income generated using our affiliate link -  http://ltcgear.com?apage=216 (http://ltcgear.com?apage=216) - will go directly towards buying more hashspower for the Asset.

Thanks everyone!
Title: Re: LTCshare2G: 39756 NXT dividends in two weeks
Post by: Klokan on October 07, 2014, 11:34:12 pm
Being mercilessly pauled by a b.h. competitor! Need some +karma guys!  :P

Don't worry about envy, Zack, I think that all LTC shareholders can see you're doing a great job! I'll try to make  some "applaud-clicks" for you, to ensure your "positive balance" again :-)

Anyway, thanks for huge dividends this weekend, I (we all, I guess) joyfully look out next weekend :-) Happy mining to all miners!
Title: Re: LTCshare2G: 2nd Dividend Paid! Total @2nd week: 39756 NXT
Post by: Cryptographer on October 08, 2014, 06:04:56 am
Well thank you Klokan it's very good of you :)

I am hoping to have us over 3 GH/s before the next payout... we are close.....
Title: Re: LTCshare2G: 2nd Dividend Paid. Total @2nd week: 39756 NXT
Post by: Mu_XuE on October 08, 2014, 01:42:25 pm
Looking forward to over 3GH/S. ;)
Title: Re: LTCshare2G: 2nd Dividend Paid. Total @2nd week: 39756 NXT
Post by: Cryptographer on October 09, 2014, 06:25:02 am
Looking forward to over 3GH/S. ;)

We need to sell about 100 more T2 shares and there will be enough in the fund to get another 160 MH/s :)
Title: Re: LTCshare2G: 2nd Dividend Paid. Total @2nd week: 39756 NXT
Post by: Cryptographer on October 10, 2014, 11:34:00 pm
3rd dividend payment coming soon
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 11, 2014, 12:43:50 am
Week 3 Summary: Dividend paid to investors: 32318 NXT, 2.879 NXT/share
Mining Income: 569.5692044 LTC =5.97075.714 BTC. 35% for reinvestment = 2.090 BTC. 65% for dividend = 3.881 BTC. Investors own 56.13% of asset and receive 2.178 BTC =32318 NXT, 2.879 NXT per share.
Total reinvestment amount from share sales, mining income, and 60% of unsold share dividend = 4.449 BTC for the week, 1.669 from previous balance, 6.118 BTC total.
320 MH/s added for 4.664 BTC, 1.454 BTC remaining. Total Hashrate: 3.28 GH/s
Details: LTCshare2G Spreadsheet (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
Code: [Select]
Amount paid, Account, TX
4894.35471658, NXT-4HFF-7TTU-YTVL-AVMWV, 15456932296549682021
3016.3620215, NXT-J356-8B4K-L4DK-533EH, 9269510668059741322
2879.03218622, NXT-QYRM-XJ9K-8YP5-F8SV7, 9227264960482841018
2867.51605748, NXT-9HP3-8QJW-NY3Y-9QLLZ, 14704058412386904643
2239.88704088, NXT-N5FJ-8L9C-MQXU-D2HED, 706526620795427641
2087.29833501, NXT-AHEC-RDXK-L3XY-A3HME, 8179454409967116012
1641.04834615, NXT-N6V9-4CUE-TZG5-BF9SF, 9089170347450892810
1151.61287449, NXT-78DJ-22UJ-6AMF-22222, 2296783881166044055
1151.61287449, NXT-RNKQ-TTGX-V6DP-H55PS, 178016386212324399
1084.24352133, NXT-8CBP-XQAH-J47K-GNQPB, 16134508465250167573
1036.45158704, NXT-FRPF-MGEF-7D9K-48FRP, 2839015368893928067
993.26610425, NXT-XW8Z-J9Q2-AUFT-HSAL4, 13271913932881806611
711.12095, NXT-B4WZ-9FJT-RJGU-CXFP5, 5353948700997601109
653.54030627, NXT-7NQY-PVNX-M2BL-HWRDA, 9568436654100897344
589.33788852, NXT-RQJG-FAY7-TRU9-BH9S5, 8908737364452569904
509.58869696, NXT-UAPC-3T43-FFT6-HW5BZ, 7401113757360490713
431.85482793, NXT-CSMZ-VJV5-YVVP-5FZQU, 3432530419644516425
431.85482793, NXT-BPZH-L5JZ-TS9Q-6RVTM, 10145529555157130480
374.27418421, NXT-98EP-BVRB-WU6B-386RA, 15497957173014627289
345.48386235, NXT-P5KE-ASXN-FYQP-DCVT7, 3827848623202130234
287.90321862, NXT-NTLS-ZSZT-R5R2-5U57X, 439855550716667171
287.90321862, NXT-GNX2-6L6V-XNZ8-675FR, 12506177433549410244
287.90321862, NXT-AV3A-7HFA-5BTJ-GCPPE, 5267106838507099862
256.23386457, NXT-N8N2-X7C2-CKPJ-EECJW, 12962932326768408418
244.71773583, NXT-8AMC-HL36-9VA2-CXC8V, 11287518728559000282
207.29031741, NXT-4ZRX-J6CN-MX2D-AGWZU, 9242882158976135554
204.41128522, NXT-WQN2-EQ3D-R753-F54CR, 16433762875970139725
202.39596269, NXT-7QCB-YGNT-98UZ-G85SW, 14409006430157199962
172.74193117, NXT-G3ZG-DFJR-C4VX-AVNK5, 12707490398320610727
158.34677024, NXT-T42Q-CW9H-CZ4A-2H4NA, 11879716294841310191
143.95160931, NXT-PJ4S-P5MU-LFBV-6ARBY, 17145105774949179779
143.95160931, NXT-8QLY-CRHV-NSJZ-CCZ5K, 15829197959807805697
135.31451275, NXT-6N4J-BT95-U4Z9-DXM8F, 13655653257201138832
135.31451275, NXT-RLRQ-VG89-34GD-BER3X, 4717082682500534440
132.43548057, NXT-BP47-3RNU-QSN7-DJNKT, 8916925027841465473
86.37096559, NXT-B4U9-W3BT-BRGR-AV3R7, 12849016454811800075
57.58064372, NXT-2NGG-N8CQ-JNZE-H3K4W, 4970337889672545425
28.79032186, NXT-6RKA-ZVFL-VBS6-7D2EP, 4084701336621098659
17.27419312, NXT-7LUP-MRCU-VHAB-C5XXJ, 14774805891152350151
14.39516093, NXT-TH5L-YUSA-B79L-D8PXL, 15671427393530574316
11.51612874, NXT-LHCG-TZRC-555R-6ERWX, 15247962356897201872
5.75806437, NXT-47L4-3ZFH-VP8P-2EA84, 1090800316741733618
5.75806437, NXT-8UNC-QVL6-43W7-9KMFT, 9680634020868714196
------------All transactions processed------------
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: yanlap on October 11, 2014, 01:21:07 am
Received ! Thank you :)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 11, 2014, 01:31:08 am
Zack, so what are you doing with the 11 percent affiliate discount at ltc gear? Are you just cashing that btc out and keeping it or where are those btc going?

I am just wondering because I actually bought some of your shares.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: JanSako on October 11, 2014, 09:42:16 am
Zack, so what are you doing with the 11 percent affiliate discount at ltc gear? Are you just cashing that btc out and keeping it or where are those btc going?

I am just wondering because I actually bought some of your shares.

There is a post on page 1 where he says it goes directly to the purchase of more hashpower. Think I also saw a post somewhere in the thread where he mentioned how much it was at one point.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Mu_XuE on October 11, 2014, 02:51:05 pm
Received ! Thank you!
It is a good investment projects! ;)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: dolux on October 12, 2014, 01:05:38 am
Hey Cryptographer, dividend received, great job, thanks.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 12, 2014, 08:59:21 pm
You're welcome guys thanks for investing! This is 3 weeks now of increasing hashpower, increasing dividends and increasing share price. Let's keep up the good progress!
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 12, 2014, 08:59:53 pm
I've made some more in-depth APR calculations including average LTC difficulty increase for the past 2 months and weekly mining income adjusted for the increasing hashpower from re-investment and hashrate multipliers every 6 weeks. The assumptions I made are constant hashpower costs, constant LTC/BTC - NXT/BTC exchange rates of 0.0105 BTC/LTC and 0.00007 BTC/NXT, and LTC difficulty increase of 3% per week (average of the last 2 months).

With these calculations, LTCshare2G has 3,400% APR at current price of 70 NXT per share. 100% ROI from dividends alone is estimated at 12 weeks.

EDIT: This is just an estimation - not a guarantee of performance. The assumed constants will of course not remain constant in real life, but we should get a more accurate estimation than simply multiplying last week's dividend by 52. I'd say something in the range of 1000-4000% after 52 weeks is reasonable.

Here is a spreadsheet with the calculated results - LTCshare2G ROI (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pt on October 12, 2014, 11:47:20 pm
Received my 3rd payment! Thanks again
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 13, 2014, 07:06:44 am
You're welcome pt!

After the latest share sales, I've added 160 MH/s for 2.33748018 BTC.
Remaining investment fund: 0.124 BTC, 4239 NXT
Total hashpower: 3.44 GH/s
We'll be over 4 GH/s within the next 2 weeks, which will be double our starting hashpower in under 6 weeks (my initial prediction)   8)

(http://i.imgur.com/gorqTQv.jpg)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: yanlap on October 15, 2014, 04:09:21 am
You're welcome pt!

After the latest share sales, I've added 160 MH/s for 2.33748018 BTC.
Remaining investment fund: 0.124 BTC, 4239 NXT
Total hashpower: 3.44 GH/s
We'll be over 4 GH/s within the next 2 weeks, which will be double our starting hashpower in under 6 weeks (my initial prediction)   8)

(http://i.imgur.com/gorqTQv.jpg)
I think one week can reached. ::)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 15, 2014, 02:43:12 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 15, 2014, 02:51:38 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.

Yeah, I noticed that FTC profitability has been slightly higher than LTC for the past 2 weeks. I tried to put in an FTC address, but was unable to. I've contacted Chris about this but haven't heard anything back so far.  Also, FTC difficulty has increased dramatically this week, so it like it will be a toss up between the two. Will keep everyone posted.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: dolux on October 15, 2014, 05:07:33 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.

Nice to see PF getting on the good foot.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: blackyblack1 on October 15, 2014, 05:41:24 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.

Yeah, I noticed that FTC profitability has been slightly higher than LTC for the past 2 weeks. I tried to put in an FTC address, but was unable to. I've contacted Chris about this but haven't heard anything back so far.  Also, FTC difficulty has increased dramatically this week, so it like it will be a toss up between the two. Will keep everyone posted.
I believe it should be another asset.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 15, 2014, 05:43:03 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.

Yeah, I noticed that FTC profitability has been slightly higher than LTC for the past 2 weeks. I tried to put in an FTC address, but was unable to. I've contacted Chris about this but haven't heard anything back so far.  Also, FTC difficulty has increased dramatically this week, so it like it will be a toss up between the two. Will keep everyone posted.
It's a bit of a calculated risk. I've had no problems saving FTC addresses on LTCgear page, by the way, so possibly just try and generate a new FTC address and try again?
I think the real gamble would be whether or not to mine FTC and hold for a few days past the algo change - I suspect the price might go up quite a bit once the algo changes (but then again it could also completely tank)
Nothing beats LTCgear mod shares for profitability, though

BTW, FTC can't be another asset because the algo changes in less than 2 weeks after which LTCgear won't be able to mine FTC ever again.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 15, 2014, 08:04:49 pm
The real question is whether or not to switch them to FTC and hold onto the payout past the FTC algo switch in 9 days.
Might mean delaying a week's dividends, but I suspect it would be far more profitable.

Yeah, I noticed that FTC profitability has been slightly higher than LTC for the past 2 weeks. I tried to put in an FTC address, but was unable to. I've contacted Chris about this but haven't heard anything back so far.  Also, FTC difficulty has increased dramatically this week, so it like it will be a toss up between the two. Will keep everyone posted.
It's a bit of a calculated risk. I've had no problems saving FTC addresses on LTCgear page, by the way, so possibly just try and generate a new FTC address and try again?
I think the real gamble would be whether or not to mine FTC and hold for a few days past the algo change - I suspect the price might go up quite a bit once the algo changes (but then again it could also completely tank)
Nothing beats LTCgear mod shares for profitability, though

BTW, FTC can't be another asset because the algo changes in less than 2 weeks after which LTCgear won't be able to mine FTC ever again.

I can fill in the address, hit the "change" button, and it appears to have worked, but then after refreshing the page it reverts back to the LTC address.

IF it looks like FTC will definitely be better profit AND I am able to switch, I will consider doing that for the next 2-3 weeks.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 16, 2014, 12:00:30 am
Something I am considering doing, Zack, is splitting my shares between two seperate LTCgear accounts and having part of them pay out LTC and the other part FTC
Just food for thought. :)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 16, 2014, 12:08:27 am
Not a bad idea, but the FTC address still won't stay put in there :-p
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 16, 2014, 09:15:01 pm
ROI and APR estimates have been updated with the current 100 NXT share price. 13 weeks from today to make ROI at 100 NXT/share.  LTCshare2G Projected Earnings (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)

Next dividend tomorrrow night, it will be our biggest yet!
 
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 16, 2014, 10:52:01 pm
One thing that I will note is that your spreadsheet doesn't take into account LTC difficulty.  (ie, the 35% LTCgear multiplier is intended to help mitigate the difficulty increase, not give you 35% more profitability)

nvm, i see that you did actually include that in your spreadsheet.  I believe we will see far higher than 2.35% LTC difficulty increase per week over the next few monthes though.

Nice spreadsheet, by the way, I quite like it.
Do you break down your NXT -> BTC -> LTCGear purchases anywhere on a spreadsheet?
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 16, 2014, 11:08:55 pm
One thing that I will note is that your spreadsheet doesn't take into account LTC difficulty.  (ie, the 35% LTCgear multiplier is intended to help mitigate the difficulty increase, not give you 35% more profitability)

nvm, i see that you did actually include that in your spreadsheet.  I believe we will see far higher than 2.35% LTC difficulty increase per week over the next few monthes though.

Nice spreadsheet, by the way, I quite like it.
Do you break down your NXT -> BTC -> LTCGear purchases anywhere on a spreadsheet?

Thanks pf.

I'm actually using 2.82%, which is the average LTC difficulty increase over the past 9 weeks.  Scrypt asics have been around that whole time, constantly improving and getting cheaper. There are a many profitable scrypt coins to mine, so if LTC diff goes up dramatically, miners will switch to other coins which decreases LTC difficulty again. I think 2.8-3% is a pretty reasonable estimate. Even at a higher rate we will still have increasing weekly dividends, and we can always increase the reinvestment ratio if necessary.

Hashrate purchases and details of weekly mining income/dividends are in the Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing) spreadsheet linked in the main OP and also in the "Bulletins" section and in previous posts.
Title: Re: LTCshare2G: Week 4 Dividend Coming Soon!
Post by: Cryptographer on October 17, 2014, 09:46:44 pm
Week 4 dividends are paid - 57046 NXT total, 3.79 NXT per share, 115,270 NXT dividends to date.

Code: [Select]
Amount paid, Account, TX
10724.78442835, NXT-4HFF-7TTU-YTVL-AVMWV, 18222745196018392416
7135.96080516, NXT-J356-8B4K-L4DK-533EH, 1596342089148846950
3979.16030027, NXT-V9HG-HQ5F-YTFK-BEYC2, 8042404978698864455
3789.67647645, NXT-QYRM-XJ9K-8YP5-F8SV7, 13188725008998314753
3789.67647645, NXT-N5FJ-8L9C-MQXU-D2HED, 15905066750267296975
3774.51777054, NXT-9HP3-8QJW-NY3Y-9QLLZ, 15878053762375084006
3007.10828406, NXT-8CBP-XQAH-J47K-GNQPB, 269064010422377817
1769.7789145, NXT-7LUP-MRCU-VHAB-C5XXJ, 2636173835375512262
1739.46150269, NXT-RA6F-TBCY-CAZA-GHHME, 3735160426371691427
1515.87059058, NXT-RNKQ-TTGX-V6DP-H55PS, 2683387701142692048
1515.87059058, NXT-78DJ-22UJ-6AMF-22222, 9211502698477672295
1364.28353152, NXT-FRPF-MGEF-7D9K-48FRP, 13571813513667827263
1301.75386966, NXT-7NQY-PVNX-M2BL-HWRDA, 1651274680537794219
936.05008968, NXT-B4WZ-9FJT-RJGU-CXFP5, 282846948265105495
829.93914834, NXT-N6V9-4CUE-TZG5-BF9SF, 10183257233829906342
806.06418654, NXT-RQJG-FAY7-TRU9-BH9S5, 4134025508619006953
761.72497177, NXT-BNL2-8M6L-TYVJ-3BDC8, 12713712412825608398
670.77273633, NXT-UAPC-3T43-FFT6-HW5BZ, 11829835190157082785
568.45147147, NXT-BPV3-837M-QZTQ-9DQ69, 8845327463477094372
568.45147147, NXT-CSMZ-VJV5-YVVP-5FZQU, 10341197659424576160
568.45147147, NXT-BPZH-L5JZ-TS9Q-6RVTM, 15119552201426061856
492.65794194, NXT-98EP-BVRB-WU6B-386RA, 12980747735854456995
454.76117717, NXT-P5KE-ASXN-FYQP-DCVT7, 4045677109131795663
416.86441241, NXT-RE8F-JLCU-3L67-8HUQS, 4622569044214591614
378.96764764, NXT-GNX2-6L6V-XNZ8-675FR, 3140225608552939693
378.96764764, NXT-NTLS-ZSZT-R5R2-5U57X, 9760907172705602151
348.65023583, NXT-4ZRX-J6CN-MX2D-AGWZU, 7367640762639543356
322.1225005, NXT-8AMC-HL36-9VA2-CXC8V, 5545955202895293396
303.17411812, NXT-VM6D-BMBT-UQMB-3Y7HH, 3886230581505214884
280.43605926, NXT-LQU5-UREL-D5BG-D8HQ2, 3197328703861276217
280.43605926, NXT-BP47-3RNU-QSN7-DJNKT, 567080056682519099
269.06702983, NXT-WQN2-EQ3D-R753-F54CR, 13207060119661867156
266.41425629, NXT-7QCB-YGNT-98UZ-G85SW, 13923116001499380672
227.38058859, NXT-X5FX-P2K3-8PD2-CU97A, 14819125900709033031
227.38058859, NXT-G3ZG-DFJR-C4VX-AVNK5, 15710874393429746643
208.4322062, NXT-T42Q-CW9H-CZ4A-2H4NA, 5574540399439821014
189.48382382, NXT-8QLY-CRHV-NSJZ-CCZ5K, 12488410338305596718
189.48382382, NXT-RLRQ-VG89-34GD-BER3X, 14566442925951925735
189.48382382, NXT-PJ4S-P5MU-LFBV-6ARBY, 467740637367533158
178.11479439, NXT-6N4J-BT95-U4Z9-DXM8F, 9305836899584102691
113.69029429, NXT-B4U9-W3BT-BRGR-AV3R7, 886427227501852627
113.69029429, NXT-6WM6-Y223-99GM-DWU7M, 16650455302939703716
37.89676476, NXT-6RKA-ZVFL-VBS6-7D2EP, 13524735997730863636
18.94838238, NXT-47L4-3ZFH-VP8P-2EA84, 8805472183116940871
18.94838238, NXT-TH5L-YUSA-B79L-D8PXL, 8517286613016405847
15.15870591, NXT-LHCG-TZRC-555R-6ERWX, 11815584236220438038
7.57935295, NXT-8UNC-QVL6-43W7-9KMFT, 12165766333812630296
------------All transactions processed------------
Accounting Spreadsheet  (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
(http://i.imgur.com/q67Ce1E.jpg)



Great week guys!  640 MH/s purchased with the reinvestment fund and income from share sales, and we have now broken 4 GH/s, more than double our starting hashpower in only 4 weeks! You guys blew my estimates out of the water!
Title: Re: LTCshare2G: Week 4 Dividend Paid: 3.79 NXT/share, 115,270 NXT to date!
Post by: dolux on October 17, 2014, 09:55:04 pm
 ;D I am very happy with this, thank you very much. ;D
Title: Re: LTCshare2G: Week 4 Dividend Paid: 3.79 NXT/share, 115,270 NXT to date!
Post by: Kitchentable on October 17, 2014, 09:57:02 pm
You are doing an excellent job. It's been well worth the investment up to this point. At this rate I'll hit my ROI for this asset in only a few months which places it far ahead any of my other dividend paying assets.
Title: Re: LTCshare2G: Week 4 Dividend Paid: 3.79 NXT/share, 115,270 NXT to date!
Post by: Klokan on October 17, 2014, 11:15:45 pm
You are doing an excellent job. It's been well worth the investment up to this point. At this rate I'll hit my ROI for this asset in only a few months which places it far ahead any of my other dividend paying assets.

+1440. Thanx for your excellent work, Zack, and good luck with the next "mining week" to all of us, shareholders :-)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 17, 2014, 11:42:02 pm
Thanks guys! Glad you are happy and I'm very happy to be making us money :)  This was a great week, we are now #4 in weekly volume on the NXT AE and have doubled our hashpower to over 4 GH/s in 4 weeks, and our weekly dividend is more than double the first. This is just the beginning for LTC2G, soon 100 NXT/share will seem like a dream  :)

Dolux, I had to quote your comment and put it up in this thread, which is where it belongs. Thanks for the kind words!

I have been with ltcshare2g for the past two weeks coming up three and in my opinion because I feel that's all there is really, opinion, ltcshare2g is the best, I do have other assets, nine in total but I will not reveal them as I don't mind praising ltcshare2g as being the best but I do not want to identify any as not being as good. I find Cryptographer to be a decent guy, to the point, up front, courteous and professional enough for me.

Payout is great in comparison to others and as far as I am concerned I profit every week because otherwise the coins would be just sitting around doing nothing, this applies to the other assets as well really as they are profitable also, just not as much and I can at this time sell any of them for further profit if I wish.

I trust Cryptographer's analysis of the mining situation, past, present and future, as well as having been mining for about the same length of time myself. I realize that mining coins is not as predictable as we would like it but I would put my money on ltcshare2g and Cryptographer anytime, in fact I have by buying into his assets.

I also have respect for the way he has dealt with undesirables, polite but firm, open and honest.

+1 ltcshare2g and Cryptographer.
Title: Re: LTCshare2G: Week 4 Dividend Paid: 3.79 NXT/share, 115,270 NXT to date!
Post by: dolux on October 18, 2014, 12:27:40 am
No worries, kind words I am not sure about? I just thought they where a fair and honest opinion based on observation of the evidence I have before me, credit where credit due and all that.

Thanks.
Title: Re: LTCshare2G: Week 4 Dividend Coming Soon!
Post by: yanlap on October 18, 2014, 01:16:46 am
Week 4 dividends are paid - 57046 NXT total, 3.79 NXT per share, 115,270 NXT dividends to date.

Code: [Select]
Amount paid, Account, TX
10724.78442835, NXT-4HFF-7TTU-YTVL-AVMWV, 18222745196018392416
7135.96080516, NXT-J356-8B4K-L4DK-533EH, 1596342089148846950
3979.16030027, NXT-V9HG-HQ5F-YTFK-BEYC2, 8042404978698864455
3789.67647645, NXT-QYRM-XJ9K-8YP5-F8SV7, 13188725008998314753
3789.67647645, NXT-N5FJ-8L9C-MQXU-D2HED, 15905066750267296975
3774.51777054, NXT-9HP3-8QJW-NY3Y-9QLLZ, 15878053762375084006
3007.10828406, NXT-8CBP-XQAH-J47K-GNQPB, 269064010422377817
1769.7789145, NXT-7LUP-MRCU-VHAB-C5XXJ, 2636173835375512262
1739.46150269, NXT-RA6F-TBCY-CAZA-GHHME, 3735160426371691427
1515.87059058, NXT-RNKQ-TTGX-V6DP-H55PS, 2683387701142692048
1515.87059058, NXT-78DJ-22UJ-6AMF-22222, 9211502698477672295
1364.28353152, NXT-FRPF-MGEF-7D9K-48FRP, 13571813513667827263
1301.75386966, NXT-7NQY-PVNX-M2BL-HWRDA, 1651274680537794219
936.05008968, NXT-B4WZ-9FJT-RJGU-CXFP5, 282846948265105495
829.93914834, NXT-N6V9-4CUE-TZG5-BF9SF, 10183257233829906342
806.06418654, NXT-RQJG-FAY7-TRU9-BH9S5, 4134025508619006953
761.72497177, NXT-BNL2-8M6L-TYVJ-3BDC8, 12713712412825608398
670.77273633, NXT-UAPC-3T43-FFT6-HW5BZ, 11829835190157082785
568.45147147, NXT-BPV3-837M-QZTQ-9DQ69, 8845327463477094372
568.45147147, NXT-CSMZ-VJV5-YVVP-5FZQU, 10341197659424576160
568.45147147, NXT-BPZH-L5JZ-TS9Q-6RVTM, 15119552201426061856
492.65794194, NXT-98EP-BVRB-WU6B-386RA, 12980747735854456995
454.76117717, NXT-P5KE-ASXN-FYQP-DCVT7, 4045677109131795663
416.86441241, NXT-RE8F-JLCU-3L67-8HUQS, 4622569044214591614
378.96764764, NXT-GNX2-6L6V-XNZ8-675FR, 3140225608552939693
378.96764764, NXT-NTLS-ZSZT-R5R2-5U57X, 9760907172705602151
348.65023583, NXT-4ZRX-J6CN-MX2D-AGWZU, 7367640762639543356
322.1225005, NXT-8AMC-HL36-9VA2-CXC8V, 5545955202895293396
303.17411812, NXT-VM6D-BMBT-UQMB-3Y7HH, 3886230581505214884
280.43605926, NXT-LQU5-UREL-D5BG-D8HQ2, 3197328703861276217
280.43605926, NXT-BP47-3RNU-QSN7-DJNKT, 567080056682519099
269.06702983, NXT-WQN2-EQ3D-R753-F54CR, 13207060119661867156
266.41425629, NXT-7QCB-YGNT-98UZ-G85SW, 13923116001499380672
227.38058859, NXT-X5FX-P2K3-8PD2-CU97A, 14819125900709033031
227.38058859, NXT-G3ZG-DFJR-C4VX-AVNK5, 15710874393429746643
208.4322062, NXT-T42Q-CW9H-CZ4A-2H4NA, 5574540399439821014
189.48382382, NXT-8QLY-CRHV-NSJZ-CCZ5K, 12488410338305596718
189.48382382, NXT-RLRQ-VG89-34GD-BER3X, 14566442925951925735
189.48382382, NXT-PJ4S-P5MU-LFBV-6ARBY, 467740637367533158
178.11479439, NXT-6N4J-BT95-U4Z9-DXM8F, 9305836899584102691
113.69029429, NXT-B4U9-W3BT-BRGR-AV3R7, 886427227501852627
113.69029429, NXT-6WM6-Y223-99GM-DWU7M, 16650455302939703716
37.89676476, NXT-6RKA-ZVFL-VBS6-7D2EP, 13524735997730863636
18.94838238, NXT-47L4-3ZFH-VP8P-2EA84, 8805472183116940871
18.94838238, NXT-TH5L-YUSA-B79L-D8PXL, 8517286613016405847
15.15870591, NXT-LHCG-TZRC-555R-6ERWX, 11815584236220438038
7.57935295, NXT-8UNC-QVL6-43W7-9KMFT, 12165766333812630296
------------All transactions processed------------
Accounting Spreadsheet  (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
(http://i.imgur.com/q67Ce1E.jpg)



Great week guys!  640 MH/s purchased with the reinvestment fund and income from share sales, and we have now broken 4 GH/s, more than double our starting hashpower in only 4 weeks! You guys blew my estimates out of the water!


Yep! :o You’re awesome!
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: sadface on October 18, 2014, 08:48:17 am
good job
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: JanSako on October 18, 2014, 09:36:46 am
Keep this up, cryptographer!

Hopefully Zen will open withdrawals before all the LTCshare2G are gone  ;D.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Mu_XuE on October 18, 2014, 11:48:41 am
You’re awesome! ;)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: hurrikaani on October 18, 2014, 03:12:17 pm
Seems like we are one week ahead in the estimated dividends.  8)

Also, we went a 1 GH/s up in 10 days. : :o I'm buying more shares, i have a feeling that this thing will be very profitable. When do you guys think we'll run out of shares? 1700 shares left now.

5.6% ROI @70NXT/share this week and constantly growing.

Also, thanks for the dividend. Future is looking bright for us  ;D

Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: CryptoGuu on October 18, 2014, 03:32:00 pm
Seems like we are one week ahead in the estimated dividends.  8)

Also, we went a 1 GH/s up in 10 days. : :o I'm buying more shares, i have a feeling that this thing will be very profitable. When do you guys think we'll run out of shares? 1700 shares left now.

5.6% ROI @70NXT/share this week and constantly growing.

Also, thanks for the dividend. Future is looking bright for us  ;D

Never obviously. Stop pumping this asset. You would be get a way better ROI if you go directly to ltcgear.com and purchase by your own.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 18, 2014, 09:32:51 pm
Seems like we are one week ahead in the estimated dividends.  8)

Also, we went a 1 GH/s up in 10 days. : :o I'm buying more shares, i have a feeling that this thing will be very profitable. When do you guys think we'll run out of shares? 1700 shares left now.

5.6% ROI @70NXT/share this week and constantly growing.

Also, thanks for the dividend. Future is looking bright for us  ;D
Welcome :) This was a good week, faster growth than I expected and NXT price is down, so we got a good dividend. There are still 3000 unlisted shares. I may raise the price for the final 3000 to be able to buy more hashpower for the asset.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 19, 2014, 07:30:33 pm
320 MH/s added from share sales + previous reinvestment fund balance.  Current Hashrate = 4.4 GH/s, 220 KH/s per share!

Details  (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)

(http://i.imgur.com/azKU6XT.jpg)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 19, 2014, 09:13:21 pm
Zack, so what are you doing with the 11 percent affiliate discount at ltc gear? Are you just cashing that btc out and keeping it or where are those btc going?

I am just wondering because I actually bought some of your shares and I haven't seen you mention any shares that the affiliate account has paid out yet...
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 19, 2014, 11:38:29 pm
Zack, so what are you doing with the 11 percent affiliate discount at ltc gear? Are you just cashing that btc out and keeping it or where are those btc going?

I am just wondering because I actually bought some of your shares and I haven't seen you mention any shares that the affiliate account has paid out yet...

So far, all of the affiliate income we've earned has gone back into buying more hashpower for the asset. There is still some that hasn't been paid yet.

However, we haven't talked at all about hashrate renewal costs - after a year, we'll have to pay a fee to LTCgear to cover yearly maintenance/electricity costs.  I think in the future we should save the affiliate income to pay for these renewal fees.  That way, I don't have to deduct a % from mining income. If there's any difference owed, I'll cover it out of my shares' earnings. Is everyone ok with that?
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 19, 2014, 11:43:15 pm
Just wanted to point something out to current and future investors -

@ T3 price:  LTC2G = 100 NXT/share, 0.22 MH/s per share = 45.45 NXT per 0.1 MH/s
@ T1 price:  LTC2G = 40 NXT/share, 0.1 MH/s per share = 40 NXT per 0.1 MH/s

This was the goal of tiered pricing, to keep the asset at approximately the same price per MH/s, and provide steadily increasing share value for investors. In terms of NXT per MH/s, we are the least expensive of all of the reinvesting mining assets. Currently we are almost the same cost per MH/s as T1 price. By the time T3 is sold out, we'll have over 5 GH/s total = 0.25 MH/s per share = 40 NXT/0.1 MH/s again. Total hashpower and hash per share should double approximately every 6-8 weeks after that.  In about 2 months, each share will be worth 0.75 MH/s (13.3 NXT per 0.1 MH/s @ current price of 100 NXT), which will make this the least expensive of all mining assets in terms of NXT per MH/s. We also have the highest projected APR of any asset on the NXT AE (not considering increases in share price). LTCshare2G Projected Earnings (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)

Thanks everyone!
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: pt on October 20, 2014, 02:43:00 am
Picked up some more. Your doing a great job.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: yanlap on October 20, 2014, 05:00:23 am
Next stage go to 5GH/ S, Keep going.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: whatnxt on October 20, 2014, 06:48:27 am
:
So far, all of the affiliate income we've earned has gone back into buying more hashpower for the asset. There is still some that hasn't been paid yet.

However, we haven't talked at all about hashrate renewal costs - after a year, we'll have to pay a fee to LTCgear to cover yearly mainenance/electricity costs.  I think in the future we should save the affiliate income to pay for these renewal fees.  That way, I don't have to deduct a % from mining income.  Is everyone ok with that?

I'm guessing that renewal fees will be a year after each purchase and so, on going from a year after the first purchase since we are making purchases through the year.
Are the amounts predictable?
Will they be worth the NXT? New more efficient hardware may be available by then?
Generally X hash power now is worth more than X hash power in the future. We need to take this into account before we decide to save and not buy.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: blackyblack1 on October 20, 2014, 08:12:36 am
Just wanted to point something out to current and future investors -

@ T3 price:  LTC2G = 100 NXT/share, 0.22 MH/s per share = 45.45 NXT per MH/s
@ T1 price:  LTC2G = 40 NXT/share, 0.1 MH/s per share = 40 NXT per MH/s

This was the goal of tiered pricing, to keep the asset at approximately the same price per MH/s, and provide steadily increasing share value for investors. In terms of NXT per MH/s, we are the least expensive of all of the reinvesting mining assets. Currently we are almost the same cost per MH/s as T1 price. By the time T3 is sold out, we'll have over 5 GH/s total = 0.25 MH/s per share = 40 NXT/0.1 MH/s again. Total hashpower and hash per share should double approximately every 6-8 weeks after that.  In about 2 months, each share will be worth 0.75 MH/s (13.3 NXT per 0.1 MH/s @ current price of 100 NXT), which will make this the least expensive of all mining assets in terms of NXT per MH/s. We also have the highest projected APR of any asset on the NXT AE (not considering increases in share price). LTCshare2G Projected Earnings (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)

Thanks everyone!
This is very cool. I'd love to see projected share price after each hashpower recalculation.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: AizenSou on October 20, 2014, 01:19:13 pm
Just wanted to point something out to current and future investors -

@ T3 price:  LTC2G = 100 NXT/share, 0.22 MH/s per share = 45.45 NXT per MH/s
@ T1 price:  LTC2G = 40 NXT/share, 0.1 MH/s per share = 40 NXT per MH/s

This was the goal of tiered pricing, to keep the asset at approximately the same price per MH/s, and provide steadily increasing share value for investors. In terms of NXT per MH/s, we are the least expensive of all of the reinvesting mining assets. Currently we are almost the same cost per MH/s as T1 price. By the time T3 is sold out, we'll have over 5 GH/s total = 0.25 MH/s per share = 40 NXT/0.1 MH/s again. Total hashpower and hash per share should double approximately every 6-8 weeks after that.  In about 2 months, each share will be worth 0.75 MH/s (13.3 NXT per 0.1 MH/s @ current price of 100 NXT), which will make this the least expensive of all mining assets in terms of NXT per MH/s. We also have the highest projected APR of any asset on the NXT AE (not considering increases in share price). LTCshare2G Projected Earnings (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)

Thanks everyone!

Sorry but how come that 100NXT/share with 0.22Mhs per share results in 45.45 NXT per 1Mhs ?
454.54NXT per 1Mhs you mean ?
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 20, 2014, 02:52:26 pm
Sorry but how come that 100NXT/share with 0.22Mhs per share results in 45.45 NXT per 1Mhs ?
454.54NXT per 1Mhs you mean ?

Yes, Sorry, prices were per 0.1 MH/s
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: AizenSou on October 20, 2014, 03:49:43 pm
Sorry but how come that 100NXT/share with 0.22Mhs per share results in 45.45 NXT per 1Mhs ?
454.54NXT per 1Mhs you mean ?

Yes, Sorry, prices were per 0.1 MH/s

Ok so your price is around 10$ per 1 Mh/s. Am I correct ?
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 20, 2014, 06:40:23 pm
Shares are not tied to a certain hashrate. Each share has already more than doubled in hashpower since we started. Right now, each share is 0.22 MH/s, but I am about to add another 160 MH/s to the mining account, which will make each share 0.228 MH/s. In another month or so, each share will be 0.5 MH/s.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 20, 2014, 07:24:13 pm
160 MH/s bought with income from share sales, 4560 MH/s total

(http://i.imgur.com/NHrtvAY.jpg)
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: hurrikaani on October 21, 2014, 09:36:51 am
I dont think we should keep any amounts of income in savings. We dont have any reason, like a normal business might have, to keep BTC in store for a bad day. If we dont re-invest all the possible capital back to hashrate now, we're just going to lose profits in long-term.

Is there a specific date and predictable amount for the renewal costs? If there is, we could just predict our income and do some time in a year right before the date, with 100% of mining income heading towards paying the renewal costs. I dont want my bitcoins to be slacking off in the blockchain.  >:(
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 21, 2014, 03:04:58 pm
I dont think we should keep any amounts of income in savings. We dont have any reason, like a normal business might have, to keep BTC in store for a bad day. If we dont re-invest all the possible capital back to hashrate now, we're just going to lose profits in long-term.

Is there a specific date and predictable amount for the renewal costs? If there is, we could just predict our income and do some time in a year right before the date, with 100% of mining income heading towards paying the renewal costs. I dont want my bitcoins to be slacking off in the blockchain.  >:(
+1
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 21, 2014, 03:53:11 pm
I dont think we should keep any amounts of income in savings. We dont have any reason, like a normal business might have, to keep BTC in store for a bad day. If we dont re-invest all the possible capital back to hashrate now, we're just going to lose profits in long-term.

Is there a specific date and predictable amount for the renewal costs? If there is, we could just predict our income and do some time in a year right before the date, with 100% of mining income heading towards paying the renewal costs. I dont want my bitcoins to be slacking off in the blockchain.  >:(

That's a good point. The renewal fees are paid on a yearly basis, so our first payment won't be until next September, and will be something along the lines of 10% of initial hash costs. The hashpower is being purchased incrementally, so the renewal fees are going to be spread out over time, not all in one big chunk.  I guess the best thing to do would be to create a separate fund for these fees and start setting aside a small % of mining income a few months before our first renewal payment, and then the percentage can be adjusted to keep the bare minimum amount in this fund to cover fees.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: pf on October 21, 2014, 06:06:30 pm
I dont think we should keep any amounts of income in savings. We dont have any reason, like a normal business might have, to keep BTC in store for a bad day. If we dont re-invest all the possible capital back to hashrate now, we're just going to lose profits in long-term.

Is there a specific date and predictable amount for the renewal costs? If there is, we could just predict our income and do some time in a year right before the date, with 100% of mining income heading towards paying the renewal costs. I dont want my bitcoins to be slacking off in the blockchain.  >:(

That's a good point. The renewal fees are paid on a yearly basis, so our first payment won't be until next September, and will be something along the lines of 10% of initial hash costs. The hashpower is being purchased incrementally, so the renewal fees are going to be spread out over time, not all in one big chunk.  I guess the best thing to do would be to create a separate fund for these fees and start setting aside a small % of mining income a few months before our first renewal payment, and then the percentage can be adjusted to keep the bare minimum amount in this fund to cover fees.
At the current rates of ROI, man, I think that if LTCgear is still running in a year everyone will have already made so much money off the shares that the renewal costs will be negligible.
If you meet your forcasted growth, in a year's time you should be able to deduct something like 2% weekly to cover it
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: samson on October 21, 2014, 09:56:52 pm
I dont think we should keep any amounts of income in savings. We dont have any reason, like a normal business might have, to keep BTC in store for a bad day. If we dont re-invest all the possible capital back to hashrate now, we're just going to lose profits in long-term.

Is there a specific date and predictable amount for the renewal costs? If there is, we could just predict our income and do some time in a year right before the date, with 100% of mining income heading towards paying the renewal costs. I dont want my bitcoins to be slacking off in the blockchain.  >:(

That's a good point. The renewal fees are paid on a yearly basis, so our first payment won't be until next September, and will be something along the lines of 10% of initial hash costs. The hashpower is being purchased incrementally, so the renewal fees are going to be spread out over time, not all in one big chunk.  I guess the best thing to do would be to create a separate fund for these fees and start setting aside a small % of mining income a few months before our first renewal payment, and then the percentage can be adjusted to keep the bare minimum amount in this fund to cover fees.
At the current rates of ROI, man, I think that if LTCgear is still running in a year everyone will have already made so much money off the shares that the renewal costs will be negligible.
If you meet your forcasted growth, in a year's time you should be able to deduct something like 2% weekly to cover it

I agree, worry about the repurchase when its needed, not before.  If we need to adjust the dividend later to account for the repurchase, then that is what we do.  Having that money put into hash power will pay way more than having btc sitting in storage.
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: Cryptographer on October 22, 2014, 02:09:21 am
I agree, worry about the repurchase when its needed, not before.  If we need to adjust the dividend later to account for the repurchase, then that is what we do.  Having that money put into hash power will pay way more than having btc sitting in storage.

Sounds good.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: yanlap on October 22, 2014, 04:01:52 am
Keep great job!
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 22, 2014, 04:51:18 am
Increasing the reinvestment % a bit is an option, 60/40 would be good also. Slightly higher long-term APR but wouldn't hurt short term ROI very much.

By the way.... +160 MH/s  8)
(http://i.imgur.com/dhKT9Zl.jpg)
Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: yanlap on October 22, 2014, 04:58:04 am
Increasing the reinvestment % a bit is an option, 60/40 would be good also. Slightly higher long-term APR but wouldn't hurt short term ROI very much.

By the way.... +160 MH/s  8)
(http://i.imgur.com/dhKT9Zl.jpg)
Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)

My suggestion when the t3 sold out to implement.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 22, 2014, 06:53:58 am
Possible.

+160 MH/s, Total: 4.88 GH/s, 244 KH/s per share.  We grow fast, so fast. Next stop 5 GH/s
(http://i.imgur.com/aaoXHFY.jpg)
Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: AizenSou on October 22, 2014, 09:23:11 am
Another question before investing:
Because your business solely bases on someone else's business (ltcgear in this case), what will happen to our funds if ltcgear goes out of business. You will pay us back and how?

Thanks in advance.

Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: hurrikaani on October 22, 2014, 12:03:30 pm
Another question before investing:
Because your business solely bases on someone else's business (ltcgear in this case), what will happen to our funds if ltcgear goes out of business. You will pay us back and how?

Thanks in advance.

Well, then we lose all of our invested funds. No-one is going to pay them back if LTC-Gear goes banktrupt. Buying shares makes you a shareholder, not a money lender. This investment is risky and there is no guarantee that you wont lose all of your money. Evaluate the risks and invest only what you are willing to possibly lose.

This is risky, but potentially very lucrable investment.

PS. How about 1-2 weeks of 80-100% re-investment? Bigger hashrate would come into play almost "immediately", instead of slowly building up.

But yeah, i'm not sure what do all the fast ROI people think about it.  8)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: AizenSou on October 22, 2014, 12:30:02 pm
Another question before investing:
Because your business solely bases on someone else's business (ltcgear in this case), what will happen to our funds if ltcgear goes out of business. You will pay us back and how?

Thanks in advance.

Well, then we lose all of our invested funds. No-one is going to pay them back if LTC-Gear goes banktrupt. Buying shares makes you a shareholder, not a money lender. This investment is risky and there is no guarantee that you wont lose all of your money. Evaluate the risks and invest only what you are willing to possibly lose.

This is risky, but potentially very lucrable investment.

PS. How about 1-2 weeks of 80-100% re-investment? Bigger hashrate would come into play almost "immediately", instead of slowly building up.

But yeah, i'm not sure what do all the fast ROI people think about it.  8)

Hey thanks for your answer. I understand the risk but I still want to hear the confirmation concerning this question from the OP owner.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 22, 2014, 02:28:11 pm
Well, if LTCgear vanishes, we'll be out of luck. I'll distribute whatever money is in the account as dividends but that's all I could do. From all the research I've done, this is a very legit company, they've been in business over a year and have actually sold physical hardware designed by the owner of the company. So, I don't think it's very risky, but you have to decide for yourself what you think is best.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: CryptoGuu on October 22, 2014, 03:36:02 pm
https://litecointalk.org/index.php?topic=22433.0

a good discussion if it's legit or not.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: hurrikaani on October 22, 2014, 04:15:40 pm
It's pretty weird how profitable LTC-Gear is... Everyone on the internet is making a tons of money off from it and the competitors are not even close. Cant anyone else reach the same profitability, even though Chris builds his own rigs?

My investor-instinct says that this kind of profits are not possible and you should bail before this thing comes down. But there is alot of good evidence, that this thing is legit and it's kinda hard to let go of the money this thing makes if it works.  :o Free money makes me skeptical.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 22, 2014, 05:39:15 pm
There is the same risk with any hashrate provider. I am confident that it's a legitimate company, do your research and decide whether you feel confident investing or not.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 23, 2014, 03:06:56 am
Last 3000 shares listed at 105. Will give a little more to buy hashpower. After that... free market!

Oh by the way...
+160 MH/s, 5.04 GH/s total, 252 KH/s per share  8)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: blackyblack1 on October 23, 2014, 05:00:44 am
Last 3000 shares listed at 105. Will give a little more to buy hashpower. After that... free market!

Oh by the way...
+160 MH/s, 5.04 GH/s total, 252 KH/s per share  8)
Such hashrate. Much wow.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: hurrikaani on October 23, 2014, 10:15:48 am
Last 3000 shares listed at 105. Will give a little more to buy hashpower. After that... free market!

Oh by the way...
+160 MH/s, 5.04 GH/s total, 252 KH/s per share  8)

So, 305 000 NXT. That would be 19.3 BTC on current rates and i calculated it to be approx, 1.4 GH/s. Total of 6.4 GH/s. Approx. 3500 USD/week, with rough estimates 3500 USD / 20 000 shares = 7.5 NXT/Share - 35% reinvest = 4.8 NXT dividend.

3000 shares we're sold in 1 week, between Oct 15 and Oct 22. So, i assume we will sell the rest also that fast. You have estimated in the spreadsheet that our hashrate is 4.35 GH/s in the week 6, right before multiplication. We are already ahead of the estimation by 3 weeks.

If we are at 6.5 GH/s in 1.5 weeks, for the next multiplication, which is a reasonable prediction. We will jump to 8.77 GH/s, which is the hashrate estimation for week 12

 :o

EDIT: I didnt remember 50% of sales not going towards buying hashrate. Dont take this calculation as any kind of investment advice, it's not very accurate.
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 23, 2014, 01:18:11 pm
Voting has ended. The average price from the other votes is 70.67 so the remaining 4700 shares of T2 will list at 70 NXT. T3 will sell at 100. I'm going to simplify things too - 50% of remaining T2 and T3 sales will go towards more hashpower.  This will buy 2.5 GH/s (at the LTCgear discount rate) once all shares are sold, more than doubling our current hashrate.
From the remaining shares, the extra 15000 NXT will go towards hashrate purchases. I've used the first 3000 of T3 to buy hashrate. As stated in the OP and previous postings - 50% of T2 and T3 sales are used for hash.

Until the last 3000 have sold, I'll use 100% of the mining profits from those shares to buy more hashpower :)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 23, 2014, 01:30:30 pm
(http://i.imgur.com/u7KihDj.jpg)
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: JanSako on October 23, 2014, 02:23:25 pm
Voting has ended. The average price from the other votes is 70.67 so the remaining 4700 shares of T2 will list at 70 NXT. T3 will sell at 100. I'm going to simplify things too - 50% of remaining T2 and T3 sales will go towards more hashpower.  This will buy 2.5 GH/s (at the LTCgear discount rate) once all shares are sold, more than doubling our current hashrate.
From the remaining shares, the extra 15000 NXT will go towards hashrate purchases. I've used the first 3000 of T3 to buy hashrate. As stated in the OP and previous postings - 50% of T2 and T3 sales are used for hash.

Until the last 3000 have sold, I'll use 100% of the mining profits from those shares to buy more hashpower :)

So what happens with the other 50% from the T2 & T3 sale?
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: Cryptographer on October 23, 2014, 04:48:37 pm
Voting has ended. The average price from the other votes is 70.67 so the remaining 4700 shares of T2 will list at 70 NXT. T3 will sell at 100. I'm going to simplify things too - 50% of remaining T2 and T3 sales will go towards more hashpower.  This will buy 2.5 GH/s (at the LTCgear discount rate) once all shares are sold, more than doubling our current hashrate.
From the remaining shares, the extra 15000 NXT will go towards hashrate purchases. I've used the first 3000 of T3 to buy hashrate. As stated in the OP and previous postings - 50% of T2 and T3 sales are used for hash.

Until the last 3000 have sold, I'll use 100% of the mining profits from those shares to buy more hashpower :)

So what happens with the other 50% from the T2 & T3 sale?
Reimbursing my initial start-up costs and my salary for running the asset
Title: Re: LTCshare2G: Week 4 Dividend: 57046 NXT, 3.79 NXT/share, 129,120 NXT to date
Post by: pf on October 24, 2014, 02:59:04 pm
Voting has ended. The average price from the other votes is 70.67 so the remaining 4700 shares of T2 will list at 70 NXT. T3 will sell at 100. I'm going to simplify things too - 50% of remaining T2 and T3 sales will go towards more hashpower.  This will buy 2.5 GH/s (at the LTCgear discount rate) once all shares are sold, more than doubling our current hashrate.
From the remaining shares, the extra 15000 NXT will go towards hashrate purchases. I've used the first 3000 of T3 to buy hashrate. As stated in the OP and previous postings - 50% of T2 and T3 sales are used for hash.

Until the last 3000 have sold, I'll use 100% of the mining profits from those shares to buy more hashpower :)

So what happens with the other 50% from the T2 & T3 sale?
Reimbursing my initial start-up costs and my salary for running the asset
If I'm not mistaken, T2 and T3 sold for a combined total of nearly 500,000 NXT, did they not?
You don't think that's a little bit steep?
I thought that you were taking dividends on all of the unsold shares as salary and to reimburse your startup cost?

IE for this current order:
Asset Issuer   2,832.5   105   297,412.5

anyone who buys a share will be putting 52.5 NXT directly into your pocket, adding up to just shy of 150,000 NXT in total going directly to you.  This despite the fact that you have collected dividends on these shares since your asset was created?
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: Cryptographer on October 24, 2014, 03:54:49 pm
Well, I think you didn't get your multiplication quite right but something like that. I think it's pretty reasonable actually. If you don't, don't invest. Noone is forcing you to buy shares. And no, I've been using 60% of dividends on unsold shares to buy more hashpower for the asset, as it states in the OP and as I've said repeatedly in previous thread postings. Whatever mining income I have collected personally is a tiny fraction of the startup costs. Also, starting this week, until the last 3000 shares are sold, I will be using 100% of the mining income from those shares to buy more hashpower for the asset.

On your last point, incorrect. The difference in income from the 5 NXT price increase for the last 3000 shares will go completely towards hashpower.

pf, I certainly don't mind answering questions, and anyone is welcome to ask questions, but maaaaaybe you could read the OP first? I mean, pretty much every question you've ever asked in this thread is answered in the OP or in a previous post...  :P

Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: pf on October 24, 2014, 03:56:54 pm
Sure, let me quote the OP:



Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


So in fact you're telling me that you're soaking investors for:

5000 shares @ 35 NXT  - 175,000 NXT.
and 6000 shares @ 50 NXT (let's just pretend they aren't actually listed for 105) - 300,000 NXT

So T2+T3 equals 475,000 NXT (33 BTC, wow!) in your pocket - man - it's no doubt you love this asset.  How much did you pay for that initial 2 GH of hash again? 

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: JanSako on October 24, 2014, 05:54:51 pm
Sure, let me quote the OP:



Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


So in fact you're telling me that you're soaking investors for:

7000 shares @ 35 NXT  - 245,000 NXT. I don't follow, where is the 7000 coming from , should not be 5k?
and 6000 shares @ 50 NXT (let's just pretend they aren't actually listed for 105) - 300,000 NXT

So T2+T3 equals 545,000 NXT (33 BTC, wow!) in your pocket - man - it's no doubt you love this asset.  How much did you pay for that initial 2 GH of hash again? 

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

He did state that 50% will be added to the total hashrate, maybe it is our (investors') fault that we did not ask what happens to the other 50%?
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: blackyblack1 on October 24, 2014, 06:08:48 pm
Sure, let me quote the OP:



Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


So in fact you're telling me that you're soaking investors for:

7000 shares @ 35 NXT  - 245,000 NXT. I don't follow, where is the 7000 coming from , should not be 5k?
and 6000 shares @ 50 NXT (let's just pretend they aren't actually listed for 105) - 300,000 NXT

So T2+T3 equals 545,000 NXT (33 BTC, wow!) in your pocket - man - it's no doubt you love this asset.  How much did you pay for that initial 2 GH of hash again? 

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

He did state that 50% will be added to the total hashrate, maybe it is our (investors') fault that we did not ask what happens to the other 50%?
I guess so. What if we ask Cryptographer to lower his part of T3 sold and put more into reinvest. Everybody will gain from it.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: Cryptographer on October 24, 2014, 06:36:11 pm

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

Once again, incorrect. For like, the 4th time, 60% of T2+T3 mining income went to reinvest, and now it's 100% of income from remaining shares. Oh, and initial costs were over 25 BTC. Not really that much profit. I'll also be managing this asset for the infinite future. Surely you can find something better to do with your time, why exactly are you still posting in this thread? satoshi is making lots of money with his asset, why don't you go harass him? jl777 has made TONS of profit from his assets, perhaps you can go post on his threads?

If you have a problem with the asset issuer making a profit, don't buy shares, it's simple. I'm not running a charity or a non-profit and I never said I was. I see nothing wrong with making some profit, investors are making great profits. All of the points you are bringing up have already been discussed in this thread, not sure why you feel the need to continually keep restating the same information.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: blackyblack1 on October 24, 2014, 06:39:31 pm

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

Once again, incorrect. For like, the 4th time, 60% of T2+T3 mining income went to reinvest, and now it's 100% of income from remaining shares. Oh, and initial costs were over 25 BTC. Not really that much profit. I'll also be managing this asset for the infinite future. Surely you can find something else to do with your time? Why exactly are you still posting in this thread? satoshi is making lots of money with his asset, why don't you go harass him? jl777 has made TONS of profit from his assets also, perhaps you can go post on his threads?
Hey don't need to be rude. This is your duty as asset manager to answer the questions.
It is true that noone noticed that 50% of T3 will go to asset issuer. But the dividents are fixed by contract so there is nothing to complain about.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: Cryptographer on October 24, 2014, 06:50:15 pm
Hey don't need to be rude. This is your duty as asset manager to answer the questions.
It is true that noone noticed that 50% of T3 will go to asset issuer. But the dividents are fixed by contract so there is nothing to complain about.

I'm not being rude, I'm answering his questions, which have already been answered before, many times. For some reason pf feels the need to continually harass me. Since day 1 he has been posting negative statements in this thread (just look at the old postings) to try to discourage investors, and frankly, I'm getting tired of it.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: blackyblack1 on October 24, 2014, 06:59:42 pm
Hey don't need to be rude. This is your duty as asset manager to answer the questions.
It is true that noone noticed that 50% of T3 will go to asset issuer. But the dividents are fixed by contract so there is nothing to complain about.

I'm not being rude, I'm answering his questions, which have already been answered before, many times. For some reason pf feels the need to continually harass me. Since day 1 he has been posting negative statements in this thread (just look at the old postings) to try to discourage investors, and frankly, I'm getting tired of it.
He is running the concurrent asset so he is gathering information he can actually sell to his investors. It is not a harassment - just business.
So what is your final decision on T2+T3? Is it still 50% going to you? And the last 1000 assets from OP locked to you too?
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: samson on October 24, 2014, 07:50:12 pm
This has all been hashed out earlier in the thread.  The only reason to bring it back up is to make Crypto look bad.  I'm tired of it too.  On a different note, I noticed LTCgear has posted this weeks payout information so hopefully the dividend is coming soon!
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: Cryptographer on October 24, 2014, 11:23:51 pm
Yes I'm doing dividends right now. Was out hiking with a friend and just got back. Coming soon :)
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: AizenSou on October 24, 2014, 11:26:37 pm
Sure, let me quote the OP:



Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


So in fact you're telling me that you're soaking investors for:

5000 shares @ 35 NXT  - 175,000 NXT.
and 6000 shares @ 50 NXT (let's just pretend they aren't actually listed for 105) - 300,000 NXT

So T2+T3 equals 475,000 NXT (33 BTC, wow!) in your pocket - man - it's no doubt you love this asset.  How much did you pay for that initial 2 GH of hash again? 

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

Like I stated about this before, the based price of 1mh/s buying directly from ltcgear is 5.29$. With current LTC difficulty and LTC price, ROI is expected in less than 8 weeks.
No matter what how do you calculate the price here, it's much more expensive than buying directly. If some of you wants to invest but doesn't want to read much about number, just look at the ROI time. OP said ROI in 12 weeks, while direct buying shares gets you less than 8 weeks. Oops, where does the money from 4 weeks go to?
Ok the OP shouldn't launch some charities, of course, but the price for exchange NXT -> BTC to buy ltcgear shares and then from paid BTC back to NXT to pay to investors is somehow to high ?

I wonder how long does it take for someone over ltcgear forum notices about this asset and will offer much cheaper? It's too much money for such trivial tasks.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: Cryptographer on October 24, 2014, 11:37:18 pm
Yes, you have stated it before, no need to keep repeating yourself. Go advertise your affiliate link somewhere else sockpuppet, we have our own - LTCgear (http://ltcgear.com?apage=216)
Title: Re: LTCshare2G: 5th Dividend paid = 91752 NXT. Total to date = 220873 NXT
Post by: Cryptographer on October 25, 2014, 12:20:37 am
5th Dividend paid! Total mining income = 10.1342 BTC. 65% dividend paid to investors = 91752.71 NXT = 5.31 NXT/Share. Total dividend to date = 220873.04 NXT
Mining income from 2728.2 unsold shares = 0.8986 BTC, added to re-investment fund. Currently 4.8695 BTC in reinvestment fund, I'll be adding 320 MH/s as soon as possible.
We were way ahead of this week's estimate!

Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)
ROI/APR Estimates (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)


Amount paid, Account, TX
15060.32566669, NXT-4HFF-7TTU-YTVL-AVMWV, 1448649734424671547
10656.44207668, NXT-J356-8B4K-L4DK-533EH, 6135189767169187746
5577.89839507, NXT-V9HG-HQ5F-YTFK-BEYC2, 15773579743535670276
5312.28418578, NXT-N5FJ-8L9C-MQXU-D2HED, 9232154753126492801
5312.28418578, NXT-QYRM-XJ9K-8YP5-F8SV7, 13370223959149053974
5291.03504904, NXT-9HP3-8QJW-NY3Y-9QLLZ, 9134799302407541693
4779.46208195, NXT-8CBP-XQAH-J47K-GNQPB, 2473445478803188295
2656.14209289, NXT-7LUP-MRCU-VHAB-C5XXJ, 3159853207229369519
2518.55393248, NXT-RLRQ-VG89-34GD-BER3X, 2286940642675577258
2438.33844127, NXT-RA6F-TBCY-CAZA-GHHME, 15733790009546570454
2409.12087825, NXT-7NQY-PVNX-M2BL-HWRDA, 9594007619297338728
2124.91367431, NXT-78DJ-22UJ-6AMF-22222, 11393610269142930344
2124.91367431, NXT-RNKQ-TTGX-V6DP-H55PS, 4629952948773492812
1912.42230688, NXT-FRPF-MGEF-7D9K-48FRP, 16423082317081078143
1689.30637108, NXT-BNL2-8M6L-TYVJ-3BDC8, 15172894589574868990
1312.13419389, NXT-B4WZ-9FJT-RJGU-CXFP5, 4321084512426736533
1172.4211198, NXT-RQJG-FAY7-TRU9-BH9S5, 2896856351173431055
1168.70252087, NXT-SU7K-QRWR-KF84-32ELE, 6006502754471121424
1163.39023669, NXT-N6V9-4CUE-TZG5-BF9SF, 1271216273913665544
940.27430088, NXT-UAPC-3T43-FFT6-HW5BZ, 2245921144322732113
823.4040488, NXT-T42Q-CW9H-CZ4A-2H4NA, 7570729506727747905
796.84262787, NXT-BPZH-L5JZ-TS9Q-6RVTM, 2926258999603703863
796.84262787, NXT-CSMZ-VJV5-YVVP-5FZQU, 5191833107835992840
690.59694415, NXT-98EP-BVRB-WU6B-386RA, 7568456761933218369
642.78638648, NXT-RE8F-JLCU-3L67-8HUQS, 12830538802890793000
637.47410229, NXT-P5KE-ASXN-FYQP-DCVT7, 7857344811233965100
637.47410229, NXT-BPV3-837M-QZTQ-9DQ69, 13414719727058391445
557.78983951, NXT-FAHJ-MNJE-5BHY-24PP4, 17673388353286930203
557.78983951, NXT-8AMC-HL36-9VA2-CXC8V, 10122583455104423562
531.22841858, NXT-234E-3WCH-RN8G-DPHCT, 14736139550965715417
531.22841858, NXT-PFBN-NBW2-E3B7-G3MHM, 12188102192471060477
531.22841858, NXT-NTLS-ZSZT-R5R2-5U57X, 16756824859620314363
531.22841858, NXT-GNX2-6L6V-XNZ8-675FR, 2679143904582678837
499.35471346, NXT-4ZRX-J6CN-MX2D-AGWZU, 7637262516704234535
479.69926198, NXT-7QCB-YGNT-98UZ-G85SW, 11688293011532519662
427.10764854, NXT-GDAE-LC9Q-Z3UD-GN68R, 220396768011960734
424.98273486, NXT-VM6D-BMBT-UQMB-3Y7HH, 17783783466867404661
403.73359812, NXT-6WM6-Y223-99GM-DWU7M, 1308796266982520658
398.42131393, NXT-LQU5-UREL-D5BG-D8HQ2, 17469075759503689170
393.10902975, NXT-MZDS-L4PU-WMMK-CGA46, 1112460558039616954
377.17217719, NXT-WQN2-EQ3D-R753-F54CR, 5664133438623543739
318.73705115, NXT-G3ZG-DFJR-C4VX-AVNK5, 9171413360807323826
318.73705115, NXT-X5FX-P2K3-8PD2-CU97A, 12938158155862150824
293.76931547, NXT-BZA9-C253-WXL9-APD7H, 5505680235908685012
292.17563022, NXT-NAAX-35VU-WTLJ-8P4EM, 15510623851376397259
265.61420929, NXT-LEH6-UQ45-A7R6-5QD93, 12591367053227866911
265.61420929, NXT-68JE-7DG5-J6VJ-BV3JM, 4038679987241745912
265.61420929, NXT-PJ4S-P5MU-LFBV-6ARBY, 3712048146204512170
265.61420929, NXT-8QLY-CRHV-NSJZ-CCZ5K, 11146776615595606247
265.61420929, NXT-P44H-3ZA6-TQBD-FESF3, 9111819111132669949
249.67735673, NXT-6N4J-BT95-U4Z9-DXM8F, 5302876641462880946
212.49136743, NXT-7G7H-BE28-B967-FTBWW, 14480836061025444906
212.49136743, NXT-MAEF-Y5ND-K63M-4ZPCG, 11683466246752023450
212.49136743, NXT-RKKC-PVAX-QSDG-852WS, 18192609597736722198
180.61766232, NXT-KG5B-LFRV-KMRB-5KRWT, 5816699171511588372
159.36852557, NXT-B4U9-W3BT-BRGR-AV3R7, 4824340210731679166
106.24568372, NXT-RMEB-W7TE-28EM-2SUM7, 7139902070325332746
79.68426279, NXT-CT63-XYBQ-UH7H-G7TJ7, 10431980868724691772
74.3719786, NXT-TH5L-YUSA-B79L-D8PXL, 2294488865215844324
58.43512604, NXT-CHGW-7472-MB8R-C6SKT, 12803435599558373393
53.12284186, NXT-8D65-AVB7-X8SM-2JTX4, 7890714941422998054
53.12284186, NXT-EUH2-Y9LT-J54V-EPB56, 14034324896149859299
53.12284186, NXT-6RKA-ZVFL-VBS6-7D2EP, 13200209389736647432
42.49827349, NXT-47L4-3ZFH-VP8P-2EA84, 17965071354606509311
42.49827349, NXT-YJ9K-5M9S-A5DA-EZ6HD, 956846791048491728
34.52984721, NXT-48SA-46XK-N5GT-6BDST, 16140840643560010454
21.24913674, NXT-NH53-QEG6-NG4U-6D9DZ, 11127916665456117724
21.24913674, NXT-LHCG-TZRC-555R-6ERWX, 7264777500085628854
15.93685256, NXT-M5CC-T5HJ-RPZE-DTET2, 2770470483283946920
10.62456837, NXT-8UNC-QVL6-43W7-9KMFT, 17397160621179985281
7.96842628, NXT-BVPG-7SD3-UB5N-53LY4, 4165984477005300443
7.96842628, NXT-RT65-QVK7-KVK6-GFHJR, 1310675887746760632
1.59368526, NXT-GX2R-LF3D-LQCL-3E45H, 17312824410196353637
------------All transactions processed------------
Title: Re: LTCshare2G: 5th Dividend paid = 91752 NXT. Total to date = 220873 NXT
Post by: Cryptographer on October 25, 2014, 12:58:08 am
320 MH/s added, 5.36 GH/s total, 268 KH/s per share
(http://i.imgur.com/a9JGin2.jpg)
Title: Re: LTCshare2G: 5th Dividend paid = 91752 NXT. Total to date = 220873 NXT
Post by: dolux on October 25, 2014, 01:41:16 am
Dividends received, thank you, fantastic result again, great.
Title: Re: LTCshare2G: 5th Dividend paid = 91752 NXT. Total to date = 220873 NXT
Post by: Klokan on October 25, 2014, 02:20:35 am
5th Dividend paid! Total mining income = 10.1342 BTC. 65% dividend paid to investors = 91752.71 NXT = 5.31 NXT/Share. Total dividend to date = 220873.04 NXT
Mining income from 2728.2 unsold shares = 0.8986 BTC, added to re-investment fund. Currently 4.8695 BTC in reinvestment fund, I'll be adding 320 MH/s as soon as possible.
We were way ahead of this week's estimate!


Great dividends, as usual, and your excellent work, Zack, also as usual! So, battle cry for the next week: Even more dividends, even more shareholders happy :-)

I really appreciate your hard work on this asset and really believe, that almost of LTCshare2G shareholders can confirm the same.

Good luck, have a nice weekend and -- happy mining to all of us :)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Lagb on October 25, 2014, 08:33:32 am
I really appreciate your hard work on this asset and really believe, that almost of LTCshare2G shareholders can confirm the same.

I confirm. Way to go. Thank you.
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: AizenSou on October 25, 2014, 09:24:20 am
Sure, let me quote the OP:



Pricing:

T0: 1000 @ 25 NXT SOLD OUT
T1: 7000 LTCG2 @ 40 NXT SOLD OUT
T2: 5000 LTCG2 @ 70 NXT SOLD OUT
T3: 6000 LTCG2 @ 100-105 NXT

1000 shares retained, I have a vested interest and will ensure this asset remains profitable.


So in fact you're telling me that you're soaking investors for:

5000 shares @ 35 NXT  - 175,000 NXT.
and 6000 shares @ 50 NXT (let's just pretend they aren't actually listed for 105) - 300,000 NXT

So T2+T3 equals 475,000 NXT (33 BTC, wow!) in your pocket - man - it's no doubt you love this asset.  How much did you pay for that initial 2 GH of hash again? 

Not to mention that until you sold those T2/T3 shares you got to keep the majority of every dividend!

Like I stated about this before, the based price of 1mh/s buying directly from ltcgear is 5.29$. With current LTC difficulty and LTC price, ROI is expected in less than 8 weeks.
No matter what how do you calculate the price here, it's much more expensive than buying directly. If some of you wants to invest but doesn't want to read much about number, just look at the ROI time. OP said ROI in 12 weeks, while direct buying shares gets you less than 8 weeks. Oops, where does the money from 4 weeks go to?
Ok the OP shouldn't launch some charities, of course, but the price for exchange NXT -> BTC to buy ltcgear shares and then from paid BTC back to NXT to pay to investors is somehow to high ?

I wonder how long does it take for someone over ltcgear forum notices about this asset and will offer much cheaper? It's too much money for such trivial tasks.

No need to insult someone if you have nothing to fear. It's free market. If you charge overprice, some competitors with better price will show up. I'm asking a question.
Haha, pf has a more honest asset here.
https://nxtforum.org/assets-board/reserved-5816/

No wonder you're pissed off.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Mu_XuE on October 25, 2014, 10:50:26 am
Received ! Thanks! ;)
Title: Re: LTCshare2G: 5th Dividend Tomorrow! 10/24
Post by: dolux on October 25, 2014, 11:59:10 am

No wonder you're pissed off.
He who names the conflict must take ownership of it.

I declare that I am very happy, thanks to Cryptographer.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Dxl on October 26, 2014, 01:09:20 pm
Great payment!
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 26, 2014, 03:34:40 pm
You're very welcome guys, thank you too!

We've made huge progress in the past 5 weeks. Hashpower has increased from 2.0 GH/s to 5.36 GH/s, our weekly dividend has more than tripled from 1.68 to 5.31 NXT per share, and share value has gone up from 25-40 NXT to 105, and will only continue to increase as we move forward. We are also well ahead of the projected earnings - 14.03 is the predicted cumulative dividend to this point, but our actual cumulative dividend is 16.15 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing) Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.

What if we ask Cryptographer to lower his part of T3 sold and put more into reinvest. Everybody will gain from it.

Alright, I've decided to use an additional 100,000 NXT from T3 share sales to buy hashpower for the asset.  Cheers everyone!

Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: blackyblack1 on October 26, 2014, 03:56:44 pm
You're very welcome guys, thank you too!

Despite a lot of negativity from the jealous "good ol boys" of NXT AE (and a few copycat assets trying to ride our success) we've made huge progress in the past 5 weeks. Hashpower has increased from 2.0 GH/s to 5.36 GH/s, our weekly dividend has more than tripled from 1.68 to 5.31 NXT per share, and share value has gone up from 25-40 NXT to 105, and will only continue to increase as we move forward. We are also well ahead of the projected earnings - 14.03 is the predicted cumulative dividend to this point, but our actual cumulative dividend is 16.15 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing) Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.

What if we ask Cryptographer to lower his part of T3 sold and put more into reinvest. Everybody will gain from it.

Alright, I've decided to use an additional 100,000 NXT from T3 share sales to buy hashpower for the asset.  Cheers everyone!
Thanks dude. Now you will be way ahead of concurrent mining assets.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: blackyblack1 on October 26, 2014, 03:59:00 pm
And by the way we have an interview with Cryptographer: https://nxtforum.org/kongzi-news-service/ltcshare2g-interview-with-a-cryptographer/
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: AizenSou on October 26, 2014, 06:15:35 pm
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: hurrikaani on October 26, 2014, 08:23:58 pm
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey Aizensou. I understand your point, but you state it in a really negative tone, also, you've repeated it quite many times now.  :(

Thank you Cryptographer. That 100k NXT to re-invest is a really friendly gesture towards investors.  :)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: samson on October 26, 2014, 08:33:43 pm
You're very welcome guys, thank you too!

We've made huge progress in the past 5 weeks. Hashpower has increased from 2.0 GH/s to 5.36 GH/s, our weekly dividend has more than tripled from 1.68 to 5.31 NXT per share, and share value has gone up from 25-40 NXT to 105, and will only continue to increase as we move forward. We are also well ahead of the projected earnings - 14.03 is the predicted cumulative dividend to this point, but our actual cumulative dividend is 16.15 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing) Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.

What if we ask Cryptographer to lower his part of T3 sold and put more into reinvest. Everybody will gain from it.

Alright, I've decided to use an additional 100,000 NXT from T3 share sales to buy hashpower for the asset.  Cheers everyone!

Hopefully it comes before the next share multiplication.  Thank you very much!
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: AizenSou on October 26, 2014, 08:43:55 pm
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey Aizensou. I understand your point, but you state it in a really negative tone, also, you've repeated it quite many times now.  :(

Hey hurrikaani, sorry for my negative tone. I'm just too upset when I see the truth while nobody else cares about their money. Anyway I give up now. People are free to choose what to invest.
Good luck.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: samson on October 26, 2014, 10:12:55 pm
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey Aizensou. I understand your point, but you state it in a really negative tone, also, you've repeated it quite many times now.  :(

Hey hurrikaani, sorry for my negative tone. I'm just too upset when I see the truth while nobody else cares about their money. Anyway I give up now. People are free to choose what to invest.
Good luck.

All of these mining assets are great for NXT in that they bring outside BTC into NXT.  You shouldn't be hating on any the assets.  I was ok with paying a little bit more for LTCshare2G because the model is better than the other 2 assets.  It's not all about the up front cost.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: r4Nd.m on October 26, 2014, 10:22:06 pm
Hi AizenSou, this is my first experience with NXT and AE

I think something else to consider is while I might have a few NXT to invest in an asset, I might not have enough BTC to purchase a 160MH chunk of hash directly from LTCgear to get the best deal.. also not everyone has the time to administer all of this.

Here, i buy the shares and receive weekly NXT. it's what i want

Thanks for the payouts Cryptographer, i think i got lucky that this is my first experience with an asset  :D
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 26, 2014, 11:03:57 pm
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey AizenSou, I was only considering ROI from dividends. When you factor in share price increases, early LTC2G investors have now made over 460% ROI. Too bad you can't do the math  :P

Hey hurrikaani, sorry for my negative tone. I'm just too upset when I see the truth while nobody else cares about their money. Anyway I give up now. People are free to choose what to invest.
Good luck.

Does this mean you won't be commenting on this thread anymore? Just about every other NXT AE mining asset is much less profitable and more expensive than this one, go spread your negative comments there.

To any LTC2G investors, if you do want to buy packages directly from LTCgear, please use the LTCshare2G affiliate link (http://ltcgear.com/?apage=216). Any income generated with this link will go towards buying hashpower for the asset. Thanks!
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 27, 2014, 07:09:39 am
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.



Hey AizenSou, I was only considering ROI from dividends. When you factor in share price increases, early LTC2G investors have now made over 460% ROI. Too bad you can't do the math  :P

Hey hurrikaani, sorry for my negative tone. I'm just too upset when I see the truth while nobody else cares about their money. Anyway I give up now. People are free to choose what to invest.
Good luck.

Does this mean you won't be commenting on this thread anymore? Just about every other NXT AE mining asset is much less profitable and more expensive than this one, go spread your negative comments there.

To any LTC2G investors, if you do want to buy packages directly from LTCgear, please use the LTCshare2G affiliate link (http://ltcgear.com/?apage=216). Any income generated with this link will go towards buying hashpower for the asset. Thanks!

+1+100=101
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: garp on October 27, 2014, 08:15:26 am
Early investors have already made 64% ROI from dividend payments, and newcomers will make ROI in only 12 weeks at current share price of 105 NXT.

Exactly. multiple details are considered by Investors:

You should all keep in mind that the importance of every point will probably be (very) different for every (potential) investor, depending on timeframe, need for funding other things, etc....

It is difficult to compare one asset to another if some of these points are left out of the picture, so stop trying.
Or try to be honest with yourself and all the others and describe the biggest picture possible.

As for most LTCGear assets, the most important ones for me are trust and risk. So my request is to start a comparison based on those subjective elements ... , euh not really  ;D

In the mean time, don't forget to keep your operations running..... Doing great.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: AizenSou on October 27, 2014, 11:04:51 am

Does this mean you won't be commenting on this thread anymore? Just about every other NXT AE mining asset is much less profitable and more expensive than this one, go spread your negative comments there.

To any LTC2G investors, if you do want to buy packages directly from LTCgear, please use the LTCshare2G affiliate link (http://ltcgear.com/?apage=216). Any income generated with this link will go towards buying hashpower for the asset. Thanks!

What do you have to scare off if you have nothing to fear ? Negative comments have its own advantage if it's telling the truth. And please someone could point me what's NOT the truth in all my questions ?
You just want a thread full of wonderful compliments to deceive your potential new buyers ? Then create a moderate thread and enjoy ;)


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey AizenSou, I was only considering ROI from dividends. When you factor in share price increases, early LTC2G investors have now made over 460% ROI. Too bad you can't do the math  :P

Please elaborate me your math, Mr. Genius ?
Or could you let's me show YOUR TRUE math to your asset holders:
Let's calculate your costs first, here are the dates and the amount of NXT you paid for your holders. I convert the costs to BTC and LTC using the standard rate to simplify the calculation (NXT = 0.00006049BTC, LTC = 0.0105 BTC)
            NXT      BTC                   LTC
26.09.14   13851   0,83784699   79,79
03.10.14   25906   1,56705394   149,24
10.10.14    32318   1,95491582   186,18
17.10.14   57046   3,45071254   328,63

Using these values we could calculate the amount of hashpower at ltcgear which needs to generate these revenues. I include the original hashpower which claimed by asset owner and the actually profit he made from it (all in mh/s)

           LTC           LTC / mhs rate (*)   Amount of hash (mh/s)       Amount of hash given by asset owner (mh/s)   Amount of profit in hash (mh/s)
26.09.14   79,79   0,02148952           371,320306031               2000                                                           1628,679693969
03.10.14   149,24   0,02003664           744,8515937852               2800                                                           2055,1484062148
10.10.14   186,18   0,01924225           967,5711470727               3400                                                           2432,4288529273
17.10.14   328,64   0,01955602           1680,5019095082       4080                                                           2399,4980904918

Surprise ? Ok next, we compare the price you sold a 1mh/s scrypt to your holders. We all know that ltcgear price for 1mh/s is around 4.8$ - 5.3$ per 1mh/s, let's say 230NXT per 1mh/s.
Let's me calculate his first price and his current price:
26-Sep  : you sold 1000 shares @ 25 NXT price, while your cost is 371.320306031mh/s, so each of your share = 0.371 mh/s => each mh/s at the beginning costs 1.46$.
17-Oct: you sell 6000 shares @ 100-105 NXT, with each of your share worths 0.252 mh/s, => cost: 9.09$ per 1mh/s.
Wow genius, by selling the first very few shares at discount price, you could trick the holders into the illusion that their shares are much more worth now. The fact is that they can NEVER sell their current shares to anyone, except other fools.
To be honest I must say you're pretty smart. Showing a lot of numbers but all with hidden intentions. No wonder you could deceive a lot of people in your investment play. Ever saw The Wolf of Wallstreet ? You're the wolf, congrats!
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: samson on October 27, 2014, 01:28:30 pm

Does this mean you won't be commenting on this thread anymore? Just about every other NXT AE mining asset is much less profitable and more expensive than this one, go spread your negative comments there.

To any LTC2G investors, if you do want to buy packages directly from LTCgear, please use the LTCshare2G affiliate link (http://ltcgear.com/?apage=216). Any income generated with this link will go towards buying hashpower for the asset. Thanks!

What do you have to scare off if you have nothing to fear ? Negative comments have its own advantage if it's telling the truth. And please someone could point me what's NOT the truth in all my questions ?
You just want a thread full of wonderful compliments to deceive your potential new buyers ? Then create a moderate thread and enjoy ;)


Others who bought at ltcgear.com in the 22-Sep week directly have already get > 85% ROI.
New comers who buy at other assets now will make their ROI in 56 days to be precise.
Too bad for people who can't do math.

Hey AizenSou, I was only considering ROI from dividends. When you factor in share price increases, early LTC2G investors have now made over 460% ROI. Too bad you can't do the math  :P
Wow genius, by selling the first very few shares at discount price, you could trick the holders into the illusion that their shares are much more worth now. The fact is that they can NEVER sell their current shares to anyone, except other fools.
The first shares were cheaper because they were worth less in hash power (KHS).  The original 35 nxt shares were worth approximately 100khs each on the original IPO date.  Today, each share is worth approximately 268khs .  If you set today's price based on what was paid per khs when this started, the share price would be 116nxt.  Nxt is 25% lower than it was in late September so hes actually getting less ($) per khs than he was a month ago selling at the 105 price.  Each week the shares will go up in value since each share is increasing the KHS it represents, not because some fool decides to pay the price.  The only fool here is you.  Shut your mouth and go away.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 27, 2014, 04:08:16 pm

What do you have to scare off if you have nothing to fear ? Negative comments have its own advantage if it's telling the truth. And please someone could point me what's NOT the truth in all my questions ?
You just want a thread full of wonderful compliments to deceive your potential new buyers ? Then create a moderate thread and enjoy ;)

Scare you off? What exactly was I doing to be scary? I am simply pointing out that this is the only mining asset you are posting your negative comments on, when there are many mining assets on the NXT AE, all of which are less profitable than this one.  Could it be because you are actually a sockpuppet of satoshi? Your behavior seems pretty similar. Why are you hiding behind a sockpuppet satoshi?

Quote

Please elaborate me your math, Mr. Genius ?
Or could you let's me show YOUR TRUE math to your asset holders:
Let's calculate your costs first, here are the dates and the amount of NXT you paid for your holders. I convert the costs to BTC and LTC using the standard rate to simplify the calculation (NXT = 0.00006049BTC, LTC = 0.0105 BTC)
            NXT      BTC                   LTC
26.09.14   13851   0,83784699   79,79
03.10.14   25906   1,56705394   149,24
10.10.14    32318   1,95491582   186,18
17.10.14   57046   3,45071254   328,63

Using these values we could calculate the amount of hashpower at ltcgear which needs to generate these revenues. I include the original hashpower which claimed by asset owner and the actually profit he made from it (all in mh/s)

           LTC           LTC / mhs rate (*)   Amount of hash (mh/s)       Amount of hash given by asset owner (mh/s)   Amount of profit in hash (mh/s)
26.09.14   79,79   0,02148952           371,320306031               2000                                                           1628,679693969
03.10.14   149,24   0,02003664           744,8515937852               2800                                                           2055,1484062148
10.10.14   186,18   0,01924225           967,5711470727               3400                                                           2432,4288529273
17.10.14   328,64   0,01955602           1680,5019095082       4080                                                           2399,4980904918

Surprise ? Ok next, we compare the price you sold a 1mh/s scrypt to your holders. We all know that ltcgear price for 1mh/s is around 4.8$ - 5.3$ per 1mh/s, let's say 230NXT per 1mh/s.
Let's me calculate his first price and his current price:
26-Sep  : you sold 1000 shares @ 25 NXT price, while your cost is 371.320306031mh/s, so each of your share = 0.371 mh/s => each mh/s at the beginning costs 1.46$.
17-Oct: you sell 6000 shares @ 100-105 NXT, with each of your share worths 0.252 mh/s, => cost: 9.09$ per 1mh/s.
Wow genius, by selling the first very few shares at discount price, you could trick the holders into the illusion that their shares are much more worth now. The fact is that they can NEVER sell their current shares to anyone, except other fools.
To be honest I must say you're pretty smart. Showing a lot of numbers but all with hidden intentions. No wonder you could deceive a lot of people in your investment play. Ever saw The Wolf of Wallstreet ? You're the wolf, congrats!

This makes no sense, and I'm not even sure what you are trying to show by your "calculations". I'm not hiding anything or deceiving anyone.  All of the mining income calculations are shown in this spreadsheet - Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing) - which is also linked in the main OP.  You are forgetting that I reinvest 35% of the mining income. Also, you are using the figures for the total dividend paid each week as our total mining income, which is incorrect. Dividends were paid to investors at a rate per share of (65% of total mining income)/(20,000 total shares). Please see the spreadsheet for complete breakdown of weekly mining income and dividends paid. Anyone is welcome to double check the mining performance with the numbers in the spreadsheet, the weekly mining performance from LTCgear is in the second page of the spreadsheet.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 27, 2014, 04:48:14 pm
I just made a 3rd page of the Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing) spreadsheet to compare actual weekly mining revenue to expected  weekly mining revenue. All I am doing is multiplying the LTC per qASIC share given by the LTCgear website - http://ltcgear.com/ltc-payments/ (http://ltcgear.com/ltc-payments/) by the total number of qASIC shares we had at the beginning of each week. As you can see, the amounts match up.


   Actual mining revenue (LTC)                              LTC per 0.1 MH/s (from LTCgear webpage)         LTC per MH/s                                     MH/s at start of week                    Expected mining revenue         
Week 1   363.2103981                                     Total: 0.02148952 LTC / 7 days / 1 ASIC Share         0.2148952                                     2000                                                      429.7904      **This week we only had 4.5 days of mining   
                                                                                                                                                     
                                                                                                                                                     
Week 2   496.908672                                     Total: 0.02003664 LTC / 7 days / 1 ASIC Share         0.2003664                                     2480                                                      496.908672         
                                                                                                                                                     
                                                                                                                                                     
Week 3   569.5692044                                     Total: 0.01924225 LTC / 7 days / 1 ASIC Share         0.1924225                                     2960                                                      569.5706         
                                                                                                                                                     
                                                                                                                                                     
Week 4   672.7250599                                     Total: 0.01955602 LTC / 7 days / 1 ASIC Share         0.1955602                                     3440                                                      672.727088         
                                                                                                                                                     
                                                                                                                                                     
Week 5   975.7403213                                     Total: 0.01935993 LTC / 7 days / 1 ASIC Share         0.1935993                                     4080                                                      789.885144      ** This week we increased from 4080 MH/s to 5000+ MH/s
                                                                                                                                                     
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: garp on October 27, 2014, 04:54:07 pm
waw. 8 hours later and i have to remark my previous post has had no effect whatsoever. calculations are good, but not everything. Still something missing.
Next attempt: anybody regarding trust and risk?
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 27, 2014, 05:08:47 pm
waw. 8 hours later and i have to remark my previous post has had no effect whatsoever. calculations are good, but not everything. Still something missing.
Next attempt: anybody regarding trust and risk?

I was sleeping, did you have a question or concern for me? I thought you brought up good points to consider when comparing assets.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: garp on October 27, 2014, 06:47:31 pm
You keep adding details to your accounting to increase its transparancy: please don't stop. It's needed to counter all those attacks ;-) That's what you need to build or maintain whatever trust level you have or would like to have.

And now you ask, regarding risk: nothing can keep growing exponentially. what's your view and strategy on that related to your asset and your supplier?

And oh, my frustrated reaction was mainly addressed at the other posts in between ... can happen ;-)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 27, 2014, 08:07:56 pm
You keep adding details to your accounting to increase its transparancy: please don't stop. It's needed to counter all those attacks ;-) That's what you need to build or maintain whatever trust level you have or would like to have.

And now you ask, regarding risk: nothing can keep growing exponentially. what's your view and strategy on that related to your asset and your supplier?

And oh, my frustrated reaction was mainly addressed at the other posts in between ... can happen ;-)

Well, I'll just keep reinvesting at the 35% rate every week, which should keep mining profitability well ahead of LTC difficulty increases. We'll see how things play out longterm.  I think the only issue with LTCgear is that they have much more reasonable prices than other cloud mining providers, which I think is because the owner actually designs his own ASICs and has them manufactured in bulk in China for very good prices.  All other cloud mining providers are buying 3rd party equipment at a much higher price.  So I don't really see anything to worry about with LTCgear.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: garp on October 27, 2014, 08:17:04 pm
Well, I'll just keep reinvesting at the 35% rate every week, which should keep mining profitability well ahead of LTC difficulty increases. We'll see how things play out longterm.  I think the only issue with LTCgear is that they have much more reasonable prices than other cloud mining providers, which I think is because the owner actually designs his own ASICs and has them manufactured in bulk in China for very good prices.  All other cloud mining providers are buying 3rd party equipment at a much higher price.  So I don't really see anything to worry about with LTCgear.

Great to know, thanks for the info.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Mu_XuE on October 28, 2014, 02:58:40 pm
Thank you for your imformation.I believe you can do better ,and ,anticipate your performance next week.
 ;)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 28, 2014, 03:35:24 pm
160 MH/s added from share sales. Current hashrate 5.52 GH/s, 276 KH/s per share -
(http://i.imgur.com/jdRy3wU.jpg)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 29, 2014, 02:11:39 pm
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-


Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: hurrikaani on October 29, 2014, 08:20:22 pm
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 29, 2014, 09:15:00 pm
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.

I wouldn't have any problem with doing a 100% re-invest week but to be honest I am practically doing that anyway with all my assets that are paying out, as I see no sense in having coins in wallets doing nothing.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: r4Nd.m on October 29, 2014, 10:31:37 pm
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.

Would there be any difference between Cryptographer doing a 100% re-invest, vs. using your next payout to buy more shares?

Sounds like it would achieve the same but maybe i'm missing something
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 29, 2014, 11:00:26 pm
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.

Would there be any difference between Cryptographer doing a 100% re-invest, vs. using your next payout to buy more shares?

Sounds like it would achieve the same but maybe i'm missing something

The only difference that I can see that might happen is that you might not have to pay the 1 Nxt coin to make the transaction on the asset exchange and Cryptographer might have a little bit more work to do rather than you or me having to do it, like I have said I do that anyway.

The best person to answer this question really though would be Cryptographer and I expect he will do when he sees it.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 29, 2014, 11:35:12 pm
Reinvesting 100% for one week would add about 10.6 BTC to the hashpower purchasing fund, and would buy us 640-800 MH/s of hashpower depending on BTC price.  Re-investing the normal 35% would add ~3.7 BTC, plus the amount in the fund now, will get about 320 MH/s. 50,000 more NXT from share sales will go towards hashpower - about 3 BTC, enough for another 160 MH/s with some leftover. BTC price is low now, so each package runs about 2.7 BTC.

So-
Reinvesting 100% + share sales would get ~1.06 GH/s = total 6.58 GH/s = 8.88 GH after multiplication
Reinvesting 35% + share sales would get ~480 MH/s = 6.0 GH/s = 8.1 GH after multiplication

We are already far ahead of the expected hashpower at this point, and will already be jumping to over 8 GH/s after the multiplication with either option, quadrupling our starting hashpower in only 6 weeks. But, if the majority of shareholders would like to re-invest 100% this week, we can do it.  This would of course mean everyone would have to give up dividends for this week. I expect this week's dividends to be about 5.5-6 NXT per share.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 30, 2014, 12:22:04 am
Reinvesting 100% for one week would add about 10.6 BTC to the hashpower purchasing fund, and would buy us 640-800 MH/s of hashpower depending on BTC price.  Re-investing the normal 35% would add ~3.7 BTC, plus the amount in the fund now, will get about 320 MH/s. 50,000 more NXT from share sales will go towards hashpower - about 3 BTC, enough for another 160 MH/s with some leftover. BTC price is low now, so each package runs about 2.7 BTC.

So-
Reinvesting 100% + share sales would get ~1.06 GH/s = total 6.58 GH/s = 8.88 GH after multiplication
Reinvesting 35% + share sales would get ~480 MH/s = 6.0 GH/s = 8.1 GH after multiplication

We are already far ahead of the expected hashpower at this point, and will already be jumping to over 8 GH/s after the multiplication with either option, quadrupling our starting hashpower in only 6 weeks. But, if the majority of shareholders would like to re-invest 100% this week, we can do it.  This would of course mean everyone would have to give up dividends for this week. I expect this week's dividends to be about 5.5-6 NXT per share.

Thanks for adding some clarity to the subject.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 30, 2014, 12:23:50 am
Ha, and I just became a full member.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 30, 2014, 01:25:11 am
Ha, and I just became a full member.

Congrats :)

I created a poll for LTC2G investors to decide if we want to reinvest 100% this week or the normal 35%. Poll results are weighted on # of shares held. Results will be checked before dividends are paid on Friday, if over 50% vote to reinvest 100% that's what we will do.  If less than 50% is achieved things will stay the same.  Everyone please vote on this through the dividends+ module in the NXT client.


Poll ID:
NXT-PAF2-CYPR-9PMN-334B5
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Klokan on October 30, 2014, 01:44:17 am
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.

Would there be any difference between Cryptographer doing a 100% re-invest, vs. using your next payout to buy more shares?

Sounds like it would achieve the same but maybe i'm missing something

If I understand well, we have a chance (with 100% re-invest) to achieve higher hashpower before "term of multiplication" (and of course also after that). But what if we'll have "lower mining luck" next (next) week ?

Proposal with "using your next payout to buy more shares" sounds more reasonable for me, as each one shareholder can choose the solution that suits him more.

However, in any case, Cryptographer has my full confidence, so his good decision will be also my good decision :-)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Klokan on October 30, 2014, 01:46:47 am
Ha, and I just became a full member.

Congratz, I'll be a Jr. Member soon (if it breaks at fifty contributions), I hope :-)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Klokan on October 30, 2014, 01:57:04 am
Ha, and I just became a full member.

Congrats :)

I created a poll for LTC2G investors to decide if we want to reinvest 100% this week or the normal 35%. Poll results are weighted on # of shares held. Results will be checked before dividends are paid on Friday, if over 50% vote to reinvest 100% that's what we will do.  If less than 50% is achieved things will stay the same.  Everyone please vote on this through the dividends+ module in the NXT client.


Poll ID:
NXT-PAF2-CYPR-9PMN-334B5

What about 3rd variant -- to do a "swapped ratio", means 65% to reinvest, 35% to dividends (just for this week, of course) ... ?
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 30, 2014, 02:06:27 am

 as each one shareholder can choose the solution that suits him more.


Yes that is true and I expect most investors will want to keep their options open.

Still it is good to have the opportunity to do this and thanks to Cryptographer for being quick to respond with the option as well as hurrikaani for suggesting it. 
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 30, 2014, 02:13:29 am
Ha, and I just became a full member.

Congratz, I'll be a Jr. Member soon (if it breaks at fifty contributions), I hope :-)

Thanks, that will be just 3 more posts to pass the 50.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: hurrikaani on October 30, 2014, 09:38:28 am
Hi all!

Let's take a look at the progress of this asset over the past 5 weeks-

  • Hashpower has increased from 2.0 GH/s to 5.52 GH/s
  • Weekly dividend has more than tripled from 1.68 to 5.31 NXT per share
  • Share value has increased from 25-40 NXT to 105 NXT, hashpower per share has increased from 0.1 MH/s to 0.276 MH/s, and will continue to increase
  • Actual dividends to date = 16.15 NXT per share, estimated div's = 14.03 NXT per share - that's 15% higher than the predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing)
  • Early investors have made 64% ROI from dividend payments alone (>460% when considering share price increases), and newcomers will make 100% ROI from dividends in only 12 weeks at current share price of 105 NXT.

Thank you everyone!

The next share multiplication is on Nov 5th - our total hashpower will be multiplied by 1.35. When that happens, we will have over 8 GH/s of scrypt hashpower. This will make each share > 0.4 MH/s, which will be 26.25 NXT per 0.1 MH/s at current share price of 105.  This will make us the most economical mining asset since 100% of mining revenue is paid as dividends or reinvested into hashpower.

Its been a good run. Though, i have to say i'm anxiously waiting for the hashpower to start compounding, so we get to the big-ass weekly payouts.  :)

Ps. If someone else thinks (like me), that it would be beneficial to do a one 100% re-invest week, now would probably be the best time.

Would there be any difference between Cryptographer doing a 100% re-invest, vs. using your next payout to buy more shares?

Sounds like it would achieve the same but maybe i'm missing something

I think the biggest difference is that if few people buy more shares, its not going to make a difference. Also, some of the profit from T3-share sales doesnt go to the re-investment, unlike the mining revenue. If we collectively decide to re-invest the profit of this asset for one week, it will be more significant. 0.78 GH/s more for giving up dividends for one week. It would also benefit us way more than just 0.78GH/S, in the future, due to the compounding effect.

Buying more shares is of course more invidual option and it gives the freedom to do what you like with your capital. Also, we dont really have any mandatory need to do this suggestion of mine. Asset is doing nice and growing with a good rate.

It's just that i liking gazing into the compound-future, instead of small short-term profits.  :)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Kitchentable on October 30, 2014, 03:50:15 pm
I wouldn't invest all the earnings into more hashrate for the week. Sure it's better for the long term but all this does is reaffirm that the other mining asset is the better investment since you can decide how much to reinvest without the worry of a vote deciding to take your entire dividend for the reinvestment. I like this asset because it reinvest the amount I would without the hassle of myself having do it.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Cryptographer on October 30, 2014, 05:08:17 pm
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: th4o on October 30, 2014, 05:23:28 pm
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.

+1 :)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: pt on October 30, 2014, 05:32:54 pm
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.

+1 :)

+1
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: dolux on October 30, 2014, 05:47:48 pm
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.

Yeah sure, people do like to keep their options open so they can continue as is, plus BTC is still falling and people are getting twitchy, but it does also show that you do provide options for those with ideas and don't run a dictatorship, good stuff all round me thinks, thanks.   
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Mu_XuE on October 31, 2014, 10:57:00 am
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.
+1 ;)
Title: Re: LTCshare2G: 5th Dividend paid = 91,752 NXT. Total to date = 220,873 NXT
Post by: Klokan on October 31, 2014, 02:33:18 pm
Well it looks like something is wrong with the voting module, I am not able to check the votes anymore.  I think we should just keep things the same and keep reinvesting 35% and continue paying dividends each week.
+1 ;)

Indeed. I'm looking forward to today's (Friday's) evening and I wonder, what will be the "dividend ratio" (X NXT / share), relative to the estimate (and also relative to the previous dividends payment). I am pretty confident that we will be pleased, same as in the previous weeks :)

Anyway, NXT price is still falling. Well, specifically, all cryptocurrencies follow bitcoin and falling now, but e.g. fall of Litecoin is a little bit "milder" (than NXT). So, it may slightly improve the volume in dividends (payment in NXT) ... or do I somewhere a mistake in calculation ? :-)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on October 31, 2014, 11:01:13 pm
6th week's dividends are out - 115,344.70 NXT total, 6.49 NXT/share, 336,217.74 NXT to date.
Accounting Details (https://docs.google.com/spreadsheets/d/1YfpJC3pE5k43pTJiH49d8G7WdSvq928Elb_eygGe3j0/edit?usp=sharing)

Amount paid, Account, TX
17627.94422683, NXT-4HFF-7TTU-YTVL-AVMWV, 10875790134754550094
13056.05494265, NXT-4KS4-R9CD-K8B7-5AJWD, 13254377686693087788
8230.56816802, NXT-V9HG-HQ5F-YTFK-BEYC2, 15185125967583275529
6487.81508153, NXT-8CBP-XQAH-J47K-GNQPB, 13652690603974615890
6485.86932074, NXT-QYRM-XJ9K-8YP5-F8SV7, 8256421241212372125
6485.86932074, NXT-N5FJ-8L9C-MQXU-D2HED, 5659891674805419121
6459.92584345, NXT-9HP3-8QJW-NY3Y-9QLLZ, 16859888103387473446
6375.60954229, NXT-RLRQ-VG89-34GD-BER3X, 2398030509707738939
3229.96292173, NXT-7LUP-MRCU-VHAB-C5XXJ, 14308079070576036828
2977.01401822, NXT-RA6F-TBCY-CAZA-GHHME, 5229331448293038398
2941.34173695, NXT-7NQY-PVNX-M2BL-HWRDA, 18223338711358508348
2594.3477283, NXT-RNKQ-TTGX-V6DP-H55PS, 17333433518255689335
2594.3477283, NXT-78DJ-22UJ-6AMF-22222, 16148618324594368548
2334.91295547, NXT-FRPF-MGEF-7D9K-48FRP, 1935969731496278684
2205.19556905, NXT-BNL2-8M6L-TYVJ-3BDC8, 15109605503991759854
1602.00972222, NXT-B4WZ-9FJT-RJGU-CXFP5, 14923598658262077986
1496.29005229, NXT-RQJG-FAY7-TRU9-BH9S5, 15086905548396521427
1297.17386415, NXT-FAHJ-MNJE-5BHY-24PP4, 15200319143415658262
1088.32887202, NXT-ECBU-G3RB-W4HN-DD75D, 841336251597476322
1005.30974471, NXT-T42Q-CW9H-CZ4A-2H4NA, 18216496251547874352
972.88039811, NXT-CSMZ-VJV5-YVVP-5FZQU, 6207398118426513702
972.88039811, NXT-BPZH-L5JZ-TS9Q-6RVTM, 9775502027262966666
843.1630117, NXT-98EP-BVRB-WU6B-386RA, 10284488325258845414
778.30431849, NXT-P5KE-ASXN-FYQP-DCVT7, 7808473846487678582
778.30431849, NXT-BPV3-837M-QZTQ-9DQ69, 13345823955563012001
681.01627868, NXT-8AMC-HL36-9VA2-CXC8V, 9161045207094980469
648.58693207, NXT-SU7K-QRWR-KF84-32ELE, 4488382734710622323
648.58693207, NXT-PFBN-NBW2-E3B7-G3MHM, 15539053451369277369
648.58693207, NXT-GNX2-6L6V-XNZ8-675FR, 15030651384639733835
648.58693207, NXT-4ZRX-J6CN-MX2D-AGWZU, 2224892235346418691
648.58693207, NXT-NTLS-ZSZT-R5R2-5U57X, 5409309237006278618
648.58693207, NXT-234E-3WCH-RN8G-DPHCT, 3086817210232803362
585.67399966, NXT-7QCB-YGNT-98UZ-G85SW, 3163895312268296380
521.46389339, NXT-GDAE-LC9Q-Z3UD-GN68R, 4311512909709991875
518.86954566, NXT-P44H-3ZA6-TQBD-FESF3, 4163183380214539900
518.86954566, NXT-VM6D-BMBT-UQMB-3Y7HH, 9839776820652542777
492.92606838, NXT-6WM6-Y223-99GM-DWU7M, 1563020468188199571
486.44019906, NXT-MZDS-L4PU-WMMK-CGA46, 10448751711876006282
486.44019906, NXT-LQU5-UREL-D5BG-D8HQ2, 14243741263602264280
460.49672177, NXT-WQN2-EQ3D-R753-F54CR, 10899499794028865072
434.55324449, NXT-UAPC-3T43-FFT6-HW5BZ, 2702479328353380794
389.15215924, NXT-G3ZG-DFJR-C4VX-AVNK5, 3480066323374668746
389.15215924, NXT-RE8F-JLCU-3L67-8HUQS, 4973339207412674589
389.15215924, NXT-X5FX-P2K3-8PD2-CU97A, 7924070348504211682
356.72281264, NXT-NAAX-35VU-WTLJ-8P4EM, 2024517125571639567
324.29346604, NXT-LEH6-UQ45-A7R6-5QD93, 11473039258733663816
324.29346604, NXT-8QLY-CRHV-NSJZ-CCZ5K, 4099547090770350411
324.29346604, NXT-68JE-7DG5-J6VJ-BV3JM, 13764182182360207490
324.29346604, NXT-KG5B-LFRV-KMRB-5KRWT, 17985638415044540758
304.83585807, NXT-6N4J-BT95-U4Z9-DXM8F, 18302226056703814185
259.43477283, NXT-MAEF-Y5ND-K63M-4ZPCG, 3285580956746608431
259.43477283, NXT-7G7H-BE28-B967-FTBWW, 13745931360625962637
259.43477283, NXT-RKKC-PVAX-QSDG-852WS, 17395092755897503958
238.679991, NXT-B4U9-W3BT-BRGR-AV3R7, 11168381992377015742
107.66543072, NXT-ZR6Q-2DBZ-JTZP-5Q6ZK, 13207216311015394849
97.28803981, NXT-NH53-QEG6-NG4U-6D9DZ, 5024470298317111124
97.28803981, NXT-CT63-XYBQ-UH7H-G7TJ7, 1669422263914657230
97.28803981, NXT-EUH2-Y9LT-J54V-EPB56, 5037428406122042104
87.55923583, NXT-BVPG-7SD3-UB5N-53LY4, 5931533811165711055
71.34456253, NXT-EBWP-463Q-KPQF-HMNC3, 3455469540976911656
71.34456253, NXT-CHGW-7472-MB8R-C6SKT, 5195649663314681840
64.85869321, NXT-6RKA-ZVFL-VBS6-7D2EP, 4257332316232566662
64.85869321, NXT-47L4-3ZFH-VP8P-2EA84, 2432343599900074438
64.85869321, NXT-8D65-AVB7-X8SM-2JTX4, 13413229085217922105
64.85869321, NXT-TU23-XMYB-722V-5LWVC, 11603751023179437333
58.37282389, NXT-G8MD-GZZA-FNRS-52DDF, 1763880780802675634
51.88695457, NXT-YJ9K-5M9S-A5DA-EZ6HD, 8911150024043296545
51.88695457, NXT-3HLN-SBA9-AC25-EP6LD, 10173717686392560527
43.45532445, NXT-2XLN-29YB-7SLH-49TTY, 5805032723523946416
25.94347728, NXT-LHCG-TZRC-555R-6ERWX, 6506962834024435867
19.45760796, NXT-HEXJ-6MUN-37CN-FFTRQ, 12652437280997015153
19.45760796, NXT-M5CC-T5HJ-RPZE-DTET2, 17664863155658306336
12.97173864, NXT-GX2R-LF3D-LQCL-3E45H, 8190203425313524453
12.97173864, NXT-8UNC-QVL6-43W7-9KMFT, 32810535179992560
9.72880398, NXT-RT65-QVK7-KVK6-GFHJR, 15119809674673264529
6.48586932, NXT-BAD7-238Z-2SEX-2TJ2S, 1307958074774500937
------------All transactions processed------------
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on October 31, 2014, 11:51:30 pm
320 MH/s added. Current Hashrate: 5.84 GH/s (292 KH/s per share).  Happy Halloween!
(http://i.imgur.com/Kwl2HTk.jpg)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: dolux on November 01, 2014, 12:47:43 am
Happy Halloween!, thanks and the same to you, as well as having received my dividend and I am pleased as punch, great work.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: yanlap on November 01, 2014, 12:55:44 am
Happy Halloween!, thanks and the same to you, as well as having received my dividend and I am pleased as punch, great work.

+1 Cheers! :D
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: mezzovide on November 01, 2014, 07:56:01 am
wow someone just scoop up all remaining shares   :o
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: 13Darko on November 01, 2014, 08:30:01 am
Hi, Cryptographer! Thanks for the divident. Are you planning to issue more shares? :) If yes, what will be the next price?
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Mu_XuE on November 01, 2014, 08:34:16 am
Happy Halloween!, thanks and the same to you, as well as having received my dividend and I am pleased as punch, great work.
+1 ;D
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Mu_XuE on November 01, 2014, 08:40:55 am
wow someone just scoop up all remaining shares   :o
;)Good!
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: hurrikaani on November 01, 2014, 09:01:04 am
Officially out of shares now, just before the multiplication. Price jumped to 117 nxt.  ;D

Thanks for the nice dividend!
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pt on November 01, 2014, 12:53:52 pm
320 MH/s added. Current Hashrate: 5.84 GH/s (292 KH/s per share).  Happy Halloween!

Thank you for all your hard work!  ;D
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Klokan on November 01, 2014, 02:42:01 pm
320 MH/s added. Current Hashrate: 5.84 GH/s (292 KH/s per share).  Happy Halloween!

Thank you for all your hard work!  ;D

+1440. Again huge thanks to your hard work, Zack, and Happy Halloween to all happy miners ! :-)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 01, 2014, 06:07:04 pm
Thanks guys! We are waaaay ahead of predictions so far - check it out.  Early investors (25 NXT) are now at >90% ROI from dividends alone.  I'll be adding another 320 MH/s as soon as possible.

Week  Date                 Est. Div/Share (NXT)  Est. Cumulative Div/Share      Est. ROI @share price (NXT):         Actual Div/Share (NXT)   Actual Cumulative Div/Share        Actual ROI @ share price (NXT):     
                                                                                                                          100       70          40         25                                                                                                                      100        70         40          25
1   09/20/14   09/26/14   2.07                             2.00                                                                    5.00%   8.00%                                  1.68                        1.68                                                                     4.20%   6.72%
2   09/27/14   10/03/14   2.49                             4.49                                                    3.56%   11.23%   17.97%                                2.49                        4.17                                                     3.56%   10.43%   16.68%
3   10/04/14   10/10/14   2.89                             7.39                                                    7.70%   18.47%   29.55%                                2.88                        7.05                                                     7.67%   17.63%   28.20%
4   10/11/14   10/17/14   3.12                             10.51                                  3.01%    12.15%   26.27%   42.03%                               3.79                       10.84                                      3.79%   13.09%   27.10%   43.36%
5   10/18/14   10/24/14   3.52                             14.03                                  6.53%    17.18%   35.06%   56.10%                               5.31                       16.15                                      9.10%   20.67%   40.38%   64.60%
6   10/25/14   10/31/14   3.92                             17.94                                 10.44%   22.77%   44.86%   71.77%                               6.49                       22.64                                    15.59%   29.94%   56.60%   90.56%
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 01, 2014, 11:37:43 pm
Added 320 MH/s - now at 6.16 GH/s and ready to multiply in a few days :)

(http://i.imgur.com/CSHEqN4.jpg)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 01, 2014, 11:44:09 pm
Hi Zack,
As a holder of your share, I must ask if you are not converting your 11% affiliate bonus to shares?
(because each week when it converts Chris converts your balance to shares and sends them to you - it would give you a balance that wasn't so evenly divisible?)
HRLTCGEAR for example have 66103 right now, due to two of the affiliate conversions
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 02, 2014, 12:33:40 am
No I just buy 160 MH/s at a time
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 02:43:14 am
So what happens to the 11% affiliate bonus?
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 02, 2014, 02:52:36 am
So what happens to the 11% affiliate bonus?

How many times does this need to be answered?

https://nxtforum.org/index.php?topic=5521.msg123262#msg123262
https://nxtforum.org/index.php?topic=5521.msg119795#msg119795
https://nxtforum.org/index.php?topic=5521.msg113935#msg113935
https://nxtforum.org/index.php?topic=5521.msg107891#msg107891

You're mistaken if you think people don't understand what you're doing  ::)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 02:53:56 am
I'm just asking why it is then that none of those referrals have ever actually converted into additional shares?
Title: Re: LTCshare2G: Week 3 Dividend paid. 72074.52 NXT to date
Post by: r4Nd.m on November 02, 2014, 03:07:15 am
You already asked this same question 2 weeks ago.

Zack, so what are you doing with the 11 percent affiliate discount at ltc gear? Are you just cashing that btc out and keeping it or where are those btc going?

I am just wondering because I actually bought some of your shares and I haven't seen you mention any shares that the affiliate account has paid out yet...

So far, all of the affiliate income we've earned has gone back into buying more hashpower for the asset. There is still some that hasn't been paid yet.

However, we haven't talked at all about hashrate renewal costs - after a year, we'll have to pay a fee to LTCgear to cover yearly maintenance/electricity costs.  I think in the future we should save the affiliate income to pay for these renewal fees.  That way, I don't have to deduct a % from mining income. If there's any difference owed, I'll cover it out of my shares' earnings. Is everyone ok with that?

The referral BTC is being used to purchase 160MH chunks of hash. Is that so hard to understand? What's your problem, man? You either can't remember what happened 2 weeks ago, or you have unbelievably poor reading comprehension skills.

Either way you're obviously unfit to run an asset.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 03:21:34 am
Clearly you don't understand how LTCgear affiliate accounts work. :) That's alright though, I don't blame you for that.
Each week LTCgears converts the amount you have earned in your affiliate account into shares - this doesn't happen in lump sums of 160MH, they convert however many dollars you have in your affiliate account to shares at pro-rated rate.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 02, 2014, 03:25:31 am
You're saying there's no option to paid in BTC instead of shares? The BTC earned goes TOWARDS the 160MH purchases.

You must be acting dumb because I seriously doubt anyone can be as stupid as you're pretending to be right now.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 03:28:51 am
You're saying there's no option to paid in BTC instead of shares?
I'm saying if he did do that, he sure hasn't been very transparent letting people know how many BTC he got paid out as referral payments and how many packs that has been able to purchase. :)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 02, 2014, 03:31:13 am
The smileys in your posts aren't fooling anyone either. I would suggest you stop posting to avoid embarrassing yourself even further.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: cexylikepie on November 02, 2014, 12:53:06 pm
The smileys in your posts aren't fooling anyone either. I would suggest you stop posting to avoid embarrassing yourself even further.

How is he embarrassing himself? It looks like you're the one being rude
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 02, 2014, 01:40:40 pm
Admittedly I was rude and I apologize for that. However pf continues asking questions that have already been answered multiple times (the links I posted were a small sample) in the guise of asking innocently "as an investor". It's plain to see it's nothing more than a weak attempt to discredit another asset issuer.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 09:41:37 pm
Admittedly I was rude and I apologize for that. However pf continues asking questions that have already been answered multiple times (the links I posted were a small sample) in the guise of asking innocently "as an investor". It's plain to see it's nothing more than a weak attempt to discredit another asset issuer.
You find me the quote in here that says how many BTC have been paid out as affiliate bonus and how many packs that they were able to buy.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 02, 2014, 11:11:11 pm
Hi everyone. This is a cross post.
I just noticed that this asset currently doesn't donate anything to the NXT Marketing Committee.
I strongly suggest that the asset issuer consider donating 1-2% of the asset to the NXT marketing committee.  HRNXTPOOL has always done this, and I feel that any large AE asset should consider doing this.
Marketing Committee wallet can be viewed here: http://www.nxtreporting.com/?a=6824000597786339044&c=USD
And assets can be transferred to them with that wallet address: 6824000597786339044
Title: Re: LTCshare2G: 2nd Dividend Paid! Total @2nd week: 39756 NXT
Post by: samson on November 02, 2014, 11:44:10 pm
Admittedly I was rude and I apologize for that. However pf continues asking questions that have already been answered multiple times (the links I posted were a small sample) in the guise of asking innocently "as an investor". It's plain to see it's nothing more than a weak attempt to discredit another asset issuer.
You find me the quote in here that says how many BTC have been paid out as affiliate bonus and how many packs that they were able to buy.
Current Hashrate = 2960 MH/s.  That's 148 KH/s per share :)

(http://i.imgur.com/0jxnT1b.jpg)

Just received our affiliate income -

7 Oct   2014   15:15   Received with "Affiliate Income" (1DrAeN2q5Unu48yotn4orQmGF3gSfKfJR2)   1.244171   409.02   fc113785d8e25db505a19841c539196a27cd0ca9a933896cc731dbb6cb09011c

This brings the total in reinvestment fund to 1.668551 BTC and 3714 NXT.

I'd like to remind you guys that any income generated using our affiliate link -  http://ltcgear.com?apage=216 (http://ltcgear.com?apage=216) - will go directly towards buying more hashspower for the Asset.

Thanks everyone!

 ::)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 03, 2014, 04:00:29 am
Yup, that would be it samson.  We have some unpaid affiliate income, hopefully will be receiving a few BTC this week. Haven't received the last few payments apparently due to some email mismatch on the account or something, I sent an email and it should be worked out this week.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 03, 2014, 03:16:53 pm
You find me the quote in here that says how many BTC have been paid out as affiliate bonus and how many packs that they were able to buy.

Samson found it for you. It's also worth noting how your question changed quickly once I pointed out how this exact question was asked and answered 2 weeks ago:
 
So what happens to the 11% affiliate bonus?

::)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 03, 2014, 03:18:42 pm
Hi everyone. This is a cross post.
I just noticed that this asset currently doesn't donate anything to the NXT Marketing Committee.
I strongly suggest that the asset issuer consider donating 1-2% of the asset to the NXT marketing committee.  HRNXTPOOL has always done this, and I feel that any large AE asset should consider doing this.
Marketing Committee wallet can be viewed here: http://www.nxtreporting.com/?a=6824000597786339044&c=USD
And assets can be transferred to them with that wallet address: 6824000597786339044

Why exactly would I donate to the NXT Marketing Committee?

I've already brought in many new users to the NXT AE, including my own dad, by talking about my asset in various trollboxes, chatrooms, etc.  Maybe other asset issuers should do the same.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 03, 2014, 03:22:54 pm
Clearly you don't understand how LTCgear affiliate accounts work. :) That's alright though, I don't blame you for that.
Each week LTCgears converts the amount you have earned in your affiliate account into shares - this doesn't happen in lump sums of 160MH, they convert however many dollars you have in your affiliate account to shares at pro-rated rate.

You're saying there's no option to paid in BTC instead of shares? The BTC earned goes TOWARDS the 160MH purchases.

You must be acting dumb because I seriously doubt anyone can be as stupid as you're pretending to be right now.

Yes, you can select to have BTC sent instead of converting to shares, which is what I do. If we are short a little bit on buying another 160 MH/s pack, I cover the difference and just leave a negative balance in the LTCgear account until our next mining income payment.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 03, 2014, 07:39:24 pm
Why exactly would I donate to the NXT Marketing Committee?

I've already brought in many new users to the NXT AE, including my own dad, by talking about my asset in various trollboxes, chatrooms, etc.  Maybe other asset issuers should do the same.
can't argue with that kind of logic, lol.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: dolux on November 04, 2014, 08:04:36 am
Why exactly would I donate to the NXT Marketing Committee?

I've already brought in many new users to the NXT AE, including my own dad, by talking about my asset in various trollboxes, chatrooms, etc.  Maybe other asset issuers should do the same.
can't argue with that kind of logic, lol.

Why not you do usually, lol.  ;D
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: pf on November 04, 2014, 04:00:01 pm
I will admit I have been at times probably overly suspicious of Cryptographer's asset. :)
I'm starting to believe more and more that it is in fact an honest offering though.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: garp on November 04, 2014, 05:46:47 pm
Why exactly would I donate to the NXT Marketing Committee?

I suppose they aim to increase the number of NXT holders, which would increase the number of potential investors in your asset.

But you should ask the NXT Marketing Committee what their plans are... they already might be documented somewhere.

If you want to support their efforts or not, is up to you and your asset holders.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: samson on November 04, 2014, 06:58:43 pm
Why exactly would I donate to the NXT Marketing Committee?

I suppose they aim to increase the number of NXT holders, which would increase the number of potential investors in your asset.

But you should ask the NXT Marketing Committee what their plans are... they already might be documented somewhere.

If you want to support their efforts or not, is up to you and your asset holders.

The IPO shares are gone, which means he needs no more investors for this asset.  Crypto is right in that the marketing committee needs him more than the asset needs them.  The mining income from this asset brings in outside BTC into the NXT ecosystem by purchasing the NXT needed for the NXT dividend.  Spreading the word about NXT to increase the price of NXT will only net this asset less NXT in dividends.  I'm assuming any donation would be put up for a vote by shareholders and no be his outright decision anyways.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 04, 2014, 09:45:38 pm
I will admit I have been at times probably overly suspicious of Cryptographer's asset. :)
I'm starting to believe more and more that it is in fact an honest offering though.

Thanks, I think... Yes, it is.

We got 1.85 BTC for affiliate payment today, and have a negative balance of -1.517 BTC...  but I will borrow from personal funds and try to get some more shares before multiplication.

Looking good though :)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 05, 2014, 01:44:29 am
Why exactly would I donate to the NXT Marketing Committee?

I suppose they aim to increase the number of NXT holders, which would increase the number of potential investors in your asset.

But you should ask the NXT Marketing Committee what their plans are... they already might be documented somewhere.

If you want to support their efforts or not, is up to you and your asset holders.

The IPO shares are gone, which means he needs no more investors for this asset.  Crypto is right in that the marketing committee needs him more than the asset needs them.  The mining income from this asset brings in outside BTC into the NXT ecosystem by purchasing the NXT needed for the NXT dividend.  Spreading the word about NXT to increase the price of NXT will only net this asset less NXT in dividends.  I'm assuming any donation would be put up for a vote by shareholders and no be his outright decision anyways.

I'd never heard of them until pf mentioned it. Not doing very well marketing themselves! Lol. Whatever, I can give a donation if asset holders want me to.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: r4Nd.m on November 05, 2014, 04:05:40 am
I vote no. Investors should feel free to use their own earnings to donate...
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: hurrikaani on November 05, 2014, 09:38:02 am
I vote no. Investors should feel free to use their own earnings to donate...

+1

Exactly.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: semibaron on November 05, 2014, 09:46:13 am
I vote no. Investors should feel free to use their own earnings to donate...

+1
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: Cryptographer on November 05, 2014, 05:48:32 pm
Hey guys, multiplication has been delayed until Saturday, after the next payout - http://ltcgear.com/ (http://ltcgear.com/). So, this is actually a good thing, it gives us a chance to get more shares first :)
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: blackyblack1 on November 05, 2014, 06:01:33 pm
Hey guys, multiplication has been delayed until Saturday, after the next payout - http://ltcgear.com/ (http://ltcgear.com/). So, this is actually a good thing, it gives us a chance to get more shares first :)
Yeah just saw it. I'm a bit anxious about this multiplication stuff but now we can relax.
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: blackyblack1 on November 07, 2014, 09:54:32 am
Hi Cryptographer. What is our current hashrate?
Title: Re: LTCshare2G: 6th Dividend= 115,345 NXT = 6.49 NXT/share = 336,218 NXT to date
Post by: samson on November 07, 2014, 02:13:05 pm
Hi Cryptographer. What is our current hashrate?

It's always displayed on the first page. (http://i.imgur.com/CSHEqN4.jpg)

6.16 GHash
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 08, 2014, 02:30:09 am
7th Dividend Paid :) = 130,350 NXT = 6.52 NXT/share = 466,567 NXT to date.  320 MH/s purchased, -0.4708 in reinvestment fund. 6480 MH/s total = 0.324 MH/s per share. Multiplication tomorrow!

Amount paid, Account, TX
16873.8075, NXT-4HFF-7TTU-YTVL-AVMWV, 15845558243890815669
13843.17, NXT-ZV69-C2DP-SJQG-73PJT, 6451609838627886060
13139.28, NXT-4KS4-R9CD-K8B7-5AJWD, 6586424101039908821
7618.9575, NXT-V9HG-HQ5F-YTFK-BEYC2, 13629586363326631859
6804.27, NXT-RLRQ-VG89-34GD-BER3X, 5756883808160613223
6517.5, NXT-QYRM-XJ9K-8YP5-F8SV7, 9376565623644961328
6517.5, NXT-N5FJ-8L9C-MQXU-D2HED, 16433593862691751728
6491.43, NXT-9HP3-8QJW-NY3Y-9QLLZ, 2973596904320150862
6415.17525, NXT-8CBP-XQAH-J47K-GNQPB, 10290102841157919232
3245.715, NXT-7LUP-MRCU-VHAB-C5XXJ, 15929089878979816937
2756.9025, NXT-RA6F-TBCY-CAZA-GHHME, 12266273452429031995
2607, NXT-78DJ-22UJ-6AMF-22222, 11717744821333580938
2607, NXT-RNKQ-TTGX-V6DP-H55PS, 8490166590498963059
2217.90525, NXT-BNL2-8M6L-TYVJ-3BDC8, 218511387517144090
1955.25, NXT-FRPF-MGEF-7D9K-48FRP, 12247369624164244935
1615.68825, NXT-R3DM-JL5U-QATR-9XELX, 15935324654967816154
1609.8225, NXT-B4WZ-9FJT-RJGU-CXFP5, 4122998265923918078
1605.912, NXT-RQJG-FAY7-TRU9-BH9S5, 9618242059099016570
1561.593, NXT-GZVY-WACM-8RM9-AFYCQ, 4142875243960064144
1303.5, NXT-SU7K-QRWR-KF84-32ELE, 18300169031467853423
1303.5, NXT-FAHJ-MNJE-5BHY-24PP4, 2496621025261717319
1010.2125, NXT-T42Q-CW9H-CZ4A-2H4NA, 8163679262684762280
977.625, NXT-CSMZ-VJV5-YVVP-5FZQU, 4036795803971068950
977.625, NXT-BPZH-L5JZ-TS9Q-6RVTM, 3702458013953793654
847.275, NXT-98EP-BVRB-WU6B-386RA, 10977033531426294875
782.1, NXT-BPV3-837M-QZTQ-9DQ69, 15851546216884526417
782.1, NXT-P5KE-ASXN-FYQP-DCVT7, 13669466253420963973
762.5475, NXT-8AMC-HL36-9VA2-CXC8V, 11331818022147043574
761.244, NXT-ECBU-G3RB-W4HN-DD75D, 12429595456425488174
664.785, NXT-J356-8B4K-L4DK-533EH, 5107402604888486247
651.75, NXT-PFBN-NBW2-E3B7-G3MHM, 5164038761073314176
651.75, NXT-234E-3WCH-RN8G-DPHCT, 3317407625730495089
651.75, NXT-GNX2-6L6V-XNZ8-675FR, 12012037285930945595
651.75, NXT-NTLS-ZSZT-R5R2-5U57X, 17636179037870279675
651.75, NXT-4ZRX-J6CN-MX2D-AGWZU, 3034201643637327060
619.1625, NXT-P44H-3ZA6-TQBD-FESF3, 10790657233226033978
588.53025, NXT-7QCB-YGNT-98UZ-G85SW, 4007876966318418232
524.007, NXT-GDAE-LC9Q-Z3UD-GN68R, 7622325491062656751
495.33, NXT-6WM6-Y223-99GM-DWU7M, 8844690553223451088
488.8125, NXT-LQU5-UREL-D5BG-D8HQ2, 15494100902462590544
488.8125, NXT-MZDS-L4PU-WMMK-CGA46, 4475870010945804844
462.7425, NXT-WQN2-EQ3D-R753-F54CR, 13652509037028113710
462.09075, NXT-7NQY-PVNX-M2BL-HWRDA, 16072678128641532227
436.6725, NXT-UAPC-3T43-FFT6-HW5BZ, 9447907621183989940
391.05, NXT-RE8F-JLCU-3L67-8HUQS, 18249148338169506313
391.05, NXT-G3ZG-DFJR-C4VX-AVNK5, 6076497069206263291
391.05, NXT-X5FX-P2K3-8PD2-CU97A, 17990157379172073641
391.05, NXT-NH53-QEG6-NG4U-6D9DZ, 17903979336061139805
358.4625, NXT-NAAX-35VU-WTLJ-8P4EM, 14274628436584940127
325.875, NXT-TGC4-8KDJ-RBQU-B65KE, 2570162506457898490
325.875, NXT-LEH6-UQ45-A7R6-5QD93, 16801061008506465507
325.875, NXT-8QLY-CRHV-NSJZ-CCZ5K, 17728527133580784818
325.875, NXT-KG5B-LFRV-KMRB-5KRWT, 14411633218478891621
325.875, NXT-359Q-5ANQ-9M9E-66DJ8, 4340502413386289560
306.3225, NXT-6N4J-BT95-U4Z9-DXM8F, 3584656351648900582
260.7, NXT-MAEF-Y5ND-K63M-4ZPCG, 4801434930804209872
260.7, NXT-7G7H-BE28-B967-FTBWW, 7150308511601876776
260.7, NXT-RKKC-PVAX-QSDG-852WS, 6878894947167485419
239.844, NXT-B4U9-W3BT-BRGR-AV3R7, 13658638443677207772
208.56, NXT-CHGW-7472-MB8R-C6SKT, 14862444645021901006
195.525, NXT-VM6D-BMBT-UQMB-3Y7HH, 1877228394441439827
130.35, NXT-8T88-RJHB-QE2X-H4TXW, 4280593655450593340
120.57375, NXT-BVPG-7SD3-UB5N-53LY4, 9335004540040344555
108.1905, NXT-ZR6Q-2DBZ-JTZP-5Q6ZK, 7858255526737513058
97.7625, NXT-CT63-XYBQ-UH7H-G7TJ7, 11231190808244660319
65.175, NXT-6RKA-ZVFL-VBS6-7D2EP, 12754881907212322759
65.175, NXT-TU23-XMYB-722V-5LWVC, 9942917060930881578
65.175, NXT-47L4-3ZFH-VP8P-2EA84, 3894210658116386829
65.175, NXT-8D65-AVB7-X8SM-2JTX4, 12252016368803606030
65.175, NXT-XCX5-2DWG-68CC-2L3WK, 16294524243747946986
52.14, NXT-YJ9K-5M9S-A5DA-EZ6HD, 17570741389238562210
45.6225, NXT-VLMC-UFDD-DSJ2-EH8VS, 6934015146374657442
43.66725, NXT-2XLN-29YB-7SLH-49TTY, 17339941529897862395
26.07, NXT-LHCG-TZRC-555R-6ERWX, 5349763989762273891
19.5525, NXT-GX2R-LF3D-LQCL-3E45H, 3097858722945762237
19.5525, NXT-HEXJ-6MUN-37CN-FFTRQ, 9770892166787648476
19.5525, NXT-M5CC-T5HJ-RPZE-DTET2, 1875936570327748641
13.035, NXT-8UNC-QVL6-43W7-9KMFT, 1983094180634246559
13.035, NXT-BAD7-238Z-2SEX-2TJ2S, 1966521470946390665
9.77625, NXT-RT65-QVK7-KVK6-GFHJR, 7583172142148205360
6.5175, NXT-8V72-VHZ3-PFEV-9J3TZ, 16021167970287830641
6.5175, NXT-C7HZ-P8MP-9WJ5-4SMWS, 9234141555057404323
6.5175, NXT-JA4U-AH6B-N23B-8Q5TG, 17661768555083131246
------------All transactions processed------------
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: yanlap on November 08, 2014, 02:44:19 am
Excellent ! Thank you.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: pt on November 08, 2014, 03:17:02 am
Got it  ;D
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Mu_XuE on November 08, 2014, 10:59:36 am
Thank you. ;)
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: dolux on November 08, 2014, 02:36:17 pm
Thanks, the best, pays on time, every time, no BS, unlike others.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Klokan on November 10, 2014, 04:43:53 pm
Excellent ! Thank you.

+1440.

Huge dividends, as usual. Thanks, Zack, as usual, and I'm looking forward to 'multiplication process' ;-)
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: samson on November 12, 2014, 01:23:21 am
 :) :) :) :) :)

The 6th multiplication is done. Based on Litecoin network difficulty variation over last one and a half month (from 33k to 41.5k) and available resources, multiplier factor was set to 1.25.

Kind Regards,
Chris
 :o :o :o :o :o

Does this put LTCshare2G at 8.1 ghash?


Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 12, 2014, 01:45:11 am
Shares were multiplied today at the rate of 1.25 (http://ltcgear.com/ (http://ltcgear.com/)), a little lower than expected but still great, and we are over 3 weeks ahead of our predicted hashrate growth (LTCshare2G projected growth - See page 2 (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing))! New hashrate = 8.1 GH/s = 405 KH/s per share.. at current sell price that's only 27.1 NXT per 100 KH/s, the best deal on the NXT AE!

(http://i.imgur.com/LZ8d3ze.jpg)
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 12, 2014, 01:49:42 am
:) :) :) :) :)

The 6th multiplication is done. Based on Litecoin network difficulty variation over last one and a half month (from 33k to 41.5k) and available resources, multiplier factor was set to 1.25.

Kind Regards,
Chris
 :o :o :o :o :o

Does this put LTCshare2G at 8.1 ghash?

You beat me to it, sir  :P
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: pf on November 12, 2014, 04:01:18 pm
Hi Cryptographer,

One thing you might want to note is that it appears that Chris is adjusting the multiplications to only mitigate difficulty increases (as opposed to giving a 35% bump each time) - you might want to adjust your spreadsheet to show this.  (as opposed to the weekly dividend going up 35% each time multiplication occurs)
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: samson on November 12, 2014, 06:21:23 pm
Hi Cryptographer,

One thing you might want to note is that it appears that Chris is adjusting the multiplications to only mitigate difficulty increases (as opposed to giving a 35% bump each time) - you might want to adjust your spreadsheet to show this.  (as opposed to the weekly dividend going up 35% each time multiplication occurs)

Chris advertises a 35% increase every 6 weeks as that is what his estimate is.  All of the previous share multiplications have been 35% or over.  Just because the last one is 25% doesn't mean the next one will be.  I don't think we will be so lucky in the future with an average 4% increase in difficulty per week that we had the last 6 weeks.  I would stick with what is advertised on his website.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: pf on November 12, 2014, 07:02:05 pm
Hi Cryptographer,

One thing you might want to note is that it appears that Chris is adjusting the multiplications to only mitigate difficulty increases (as opposed to giving a 35% bump each time) - you might want to adjust your spreadsheet to show this.  (as opposed to the weekly dividend going up 35% each time multiplication occurs)

Chris advertises a 35% increase every 6 weeks as that is what his estimate is.  All of the previous share multiplications have been 35% or over.  Just because the last one is 25% doesn't mean the next one will be.  I don't think we will be so lucky in the future with an average 4% increase in difficulty per week that we had the last 6 weeks.  I would stick with what is advertised on his website.

Quote
The 6th multiplication is done. Based on Litecoin network difficulty variation over last one and a half month (from 33k to 41.5k) and available resources, multiplier factor was set to 1.25.
He is not doing multiplication to let people earn "more BTC", he is doing it to keep his product at roughly the same profitability.  (ie, if you own 10000 qasic shares today, in 6 weeks they will have gone down by X % profitability due to difficulty increases - his multiplication is intended to offset that)
Not to give you 125% profitability.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: samson on November 12, 2014, 08:08:22 pm
Hi Cryptographer,

One thing you might want to note is that it appears that Chris is adjusting the multiplications to only mitigate difficulty increases (as opposed to giving a 35% bump each time) - you might want to adjust your spreadsheet to show this.  (as opposed to the weekly dividend going up 35% each time multiplication occurs)

Chris advertises a 35% increase every 6 weeks as that is what his estimate is.  All of the previous share multiplications have been 35% or over.  Just because the last one is 25% doesn't mean the next one will be.  I don't think we will be so lucky in the future with an average 4% increase in difficulty per week that we had the last 6 weeks.  I would stick with what is advertised on his website.

Quote
The 6th multiplication is done. Based on Litecoin network difficulty variation over last one and a half month (from 33k to 41.5k) and available resources, multiplier factor was set to 1.25.
He is not doing multiplication to let people earn "more BTC", he is doing it to keep his product at roughly the same profitability.  (ie, if you own 10000 qasic shares today, in 6 weeks they will have gone down by X % profitability due to difficulty increases - his multiplication is intended to offset that)
Not to give you 125% profitability.
I think everyone knows that the share multiplication is intended to offset the increase in difficulty.   This asset reinvests every week 35% of gross income.   Because of that our hash power increases around 6% per week.   So after 6 weeks,  if the network has grown by 35% then our asset has already kept up.  That way when the multiplication  happens,  the asset payout is increased by whatever % that Chris multiplies our shares by.   Which is why the asset can claim 135%.  I see what your trying to do PF,  go troll somewhere else.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: pf on November 12, 2014, 09:25:31 pm
I think everyone knows that the share multiplication is intended to offset the increase in difficulty.   This asset reinvests every week 35% of gross income.   Because of that our hash power increases around 6% per week.   So after 6 weeks,  if the network has grown by 35% then our asset has already kept up.  That way when the multiplication  happens,  the asset payout is increased by whatever % that Chris multiplies our shares by.   Which is why the asset can claim 135%.  I see what your trying to do PF,  go troll somewhere else.
Ah, I hadn't thought about it like that, I wasn't intending to come off as trolling.  You're right though, that does make sense.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 13, 2014, 10:43:35 pm
Well, I was just using 35% in the spreadsheet since that's what was advertised on the website, I didn't know he would be changing that. May have to adjust the spreadsheet a bit.

Anyway, we're at 8.1 GH/s now, which is awesome! We should have a really nice dividend this week. At 405 KH/s per share and shares currently selling at 122.5 NXT, that gives us 3.3 KH/s per NXT, or 303 NXT per MH/s
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: 13Darko on November 14, 2014, 07:01:07 am
Anyway, we're at 8.1 GH/s now, which is awesome! We should have a really nice dividend this week. At 405 KH/s per share and shares currently selling at 122.5 NXT, that gives us 3.3 KH/s per NXT, or 303 NXT per MH/s
Wow, nice to hear that!

Is it known already when the next dividents payout will be processed? Saturday, Sunday?
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 14, 2014, 07:23:39 pm
Next dividend should be in a few hours.
Title: Re: LTCshare2G: 7th Dividend=130,350 NXT = 6.52 NXT/share = 466,567 NXT to date
Post by: Cryptographer on November 15, 2014, 01:56:13 am
I'm trying to buy NXT for dividends now at a decent rate. I'll make the payment when my buys go through.

Unfortunately, Chris didn't pay the full week's mining income at the post-multiplication hashrate, only the last 2 days.  We earned 10.8902 BTC this week, 7.0786 BTC will be paid in dividends and 3.8116 goes to the reinvestment fund. Previous balance was -0.4708 BTC, leaving 3.3408 in the fund. Buying 320 MH/s for 4.2744 BTC, leaving -0.9337 in the reinvestment fund. Total hashpower 8.42 GH/s = 421 KH/s per share.
Title: Re: LTCshare2G: 8th Dividend=138,383 NXT = 6.92 NXT/share = 604,950 NXT to date
Post by: Cryptographer on November 15, 2014, 03:07:34 pm
Dividends paid -
138383.00 NXT total, 6.91915 NXT/share, 604,950 to date

Amount paid, Account, TX
17832.725295, NXT-4HFF-7TTU-YTVL-AVMWV, 8356405531258578703
14696.2746, NXT-ZV69-C2DP-SJQG-73PJT, 16412616212658125397
13949.0064, NXT-4KS4-R9CD-K8B7-5AJWD, 380915942529336594
8088.48635, NXT-V9HG-HQ5F-YTFK-BEYC2, 9757887071193786379
7223.5926, NXT-RLRQ-VG89-34GD-BER3X, 5463942964546659374
6921.225745, NXT-8CBP-XQAH-J47K-GNQPB, 3855188378725689139
6919.15, NXT-QYRM-XJ9K-8YP5-F8SV7, 17386097665711966443
6337.9414, NXT-9HP3-8QJW-NY3Y-9QLLZ, 7210070555538419469
5916.565165, NXT-N5FJ-8L9C-MQXU-D2HED, 9134074274570900821
2926.80045, NXT-RA6F-TBCY-CAZA-GHHME, 14594850572650031015
2767.66, NXT-78DJ-22UJ-6AMF-22222, 15138898415148512318
2767.66, NXT-RNKQ-TTGX-V6DP-H55PS, 3270560647422518896
2577.383375, NXT-RQJG-FAY7-TRU9-BH9S5, 7014920070774035042
2364.96547, NXT-BNL2-8M6L-TYVJ-3BDC8, 8868328407821029322
2352.511, NXT-GZVY-WACM-8RM9-AFYCQ, 16002772715608869771
2122.103305, NXT-7LUP-MRCU-VHAB-C5XXJ, 9560809804915929938
2075.745, NXT-FRPF-MGEF-7D9K-48FRP, 7615944893690480102
1715.257285, NXT-R3DM-JL5U-QATR-9XELX, 12586240195429279128
1709.03005, NXT-B4WZ-9FJT-RJGU-CXFP5, 1072827446729472655
1522.213, NXT-SU7K-QRWR-KF84-32ELE, 8974605785637237262
1383.83, NXT-FAHJ-MNJE-5BHY-24PP4, 6244205643816263498
1154.11422, NXT-ECBU-G3RB-W4HN-DD75D, 1567110065511991599
1072.46825, NXT-T42Q-CW9H-CZ4A-2H4NA, 6471503091718141609
1037.8725, NXT-BPZH-L5JZ-TS9Q-6RVTM, 7575719780026157272
1037.8725, NXT-CSMZ-VJV5-YVVP-5FZQU, 2921252093501172125
1037.8725, NXT-234E-3WCH-RN8G-DPHCT, 2839168652942662039
899.4895, NXT-98EP-BVRB-WU6B-386RA, 2382718245468440854
837.909065, NXT-P44H-3ZA6-TQBD-FESF3, 2390119896942983010
830.298, NXT-P5KE-ASXN-FYQP-DCVT7, 12370169914113715162
830.298, NXT-BPV3-837M-QZTQ-9DQ69, 2706153334910252429
830.298, NXT-NTLS-ZSZT-R5R2-5U57X, 5167753701814879097
781.86395, NXT-J356-8B4K-L4DK-533EH, 12416779751890805723
705.7533, NXT-X5EF-HTB2-RLYU-HW8E7, 15330536381347916334
691.915, NXT-GNX2-6L6V-XNZ8-675FR, 6037894356847759653
691.915, NXT-4ZRX-J6CN-MX2D-AGWZU, 16934992067514932269
624.799245, NXT-7QCB-YGNT-98UZ-G85SW, 2002661109473530294
556.29966, NXT-GDAE-LC9Q-Z3UD-GN68R, 12364131234675807449
525.8554, NXT-6WM6-Y223-99GM-DWU7M, 6131653778991415922
518.93625, NXT-MZDS-L4PU-WMMK-CGA46, 7284091527981400646
518.93625, NXT-LQU5-UREL-D5BG-D8HQ2, 439780876954538513
491.25965, NXT-WQN2-EQ3D-R753-F54CR, 17365688943670544076
484.3405, NXT-7G7H-BE28-B967-FTBWW, 9482202176994850482
484.3405, NXT-8T88-RJHB-QE2X-H4TXW, 15969842074198622825
463.58305, NXT-UAPC-3T43-FFT6-HW5BZ, 9353534507612268546
449.74475, NXT-NH53-QEG6-NG4U-6D9DZ, 13949566923608615579
415.149, NXT-G3ZG-DFJR-C4VX-AVNK5, 1699274498890102554
415.149, NXT-KG5B-LFRV-KMRB-5KRWT, 6688664990834919093
415.149, NXT-RE8F-JLCU-3L67-8HUQS, 2357038923234738510
415.149, NXT-X5FX-P2K3-8PD2-CU97A, 7639698243767123208
380.55325, NXT-LEH6-UQ45-A7R6-5QD93, 4268570565312125404
380.55325, NXT-NAAX-35VU-WTLJ-8P4EM, 1477880450373498639
363.94729, NXT-TGC4-8KDJ-RBQU-B65KE, 11321314305427776262
345.9575, NXT-8QLY-CRHV-NSJZ-CCZ5K, 6543585823590222353
345.9575, NXT-359Q-5ANQ-9M9E-66DJ8, 17623962263518281876
325.20005, NXT-6N4J-BT95-U4Z9-DXM8F, 2429625800396041457
283.68515, NXT-CHGW-7472-MB8R-C6SKT, 9990412950795409467
280.225575, NXT-B4U9-W3BT-BRGR-AV3R7, 2246512981522866334
276.766, NXT-MAEF-Y5ND-K63M-4ZPCG, 2873752710007349889
276.766, NXT-RKKC-PVAX-QSDG-852WS, 2974675813026273465
235.2511, NXT-N969-VBNG-QJD9-H3S9V, 2402336334753615317
207.5745, NXT-VM6D-BMBT-UQMB-3Y7HH, 1863304290828072030
145.30215, NXT-BVPG-7SD3-UB5N-53LY4, 5190975331294416747
138.383, NXT-HEXJ-6MUN-37CN-FFTRQ, 2455165506003281074
128.69619, NXT-J2UZ-G2D2-V6X9-G2JMD, 5472391630665232293
114.85789, NXT-ZR6Q-2DBZ-JTZP-5Q6ZK, 6312562600824977068
103.78725, NXT-CT63-XYBQ-UH7H-G7TJ7, 18281712664699400105
80.26214, NXT-LS4D-ZRUN-QBDN-8JGMG, 892468045054324474
69.1915, NXT-6RKA-ZVFL-VBS6-7D2EP, 12739543077854661388
69.1915, NXT-XCX5-2DWG-68CC-2L3WK, 8717481350656976055
69.1915, NXT-8D65-AVB7-X8SM-2JTX4, 14898911104535635220
69.1915, NXT-8V72-VHZ3-PFEV-9J3TZ, 10937867194443011476
69.1915, NXT-47L4-3ZFH-VP8P-2EA84, 15996037141259512905
55.3532, NXT-YJ9K-5M9S-A5DA-EZ6HD, 5484673243098388955
29.752345, NXT-GX2R-LF3D-LQCL-3E45H, 10449895780192778760
28.368515, NXT-7NQY-PVNX-M2BL-HWRDA, 8277447297382048734
27.6766, NXT-LHCG-TZRC-555R-6ERWX, 12200825650450720494
20.75745, NXT-M5CC-T5HJ-RPZE-DTET2, 16283469173469113425
13.8383, NXT-BAD7-238Z-2SEX-2TJ2S, 8323481343394549709
13.8383, NXT-B7ZF-X7GW-AUWE-863Z9, 17438491676233172934
13.8383, NXT-8UNC-QVL6-43W7-9KMFT, 1070611198992885239
10.378725, NXT-RT65-QVK7-KVK6-GFHJR, 13886694459402206835
6.91915, NXT-JA4U-AH6B-N23B-8Q5TG, 6878215383159578540
6.91915, NXT-Q5VB-Z25V-5WG6-3HWAK, 2157262042600899102
6.91915, NXT-C7HZ-P8MP-9WJ5-4SMWS, 7405148454861921904
------------All transactions processed------------
Title: Re: LTCshare2G: 8th Dividend=138,383 NXT = 6.92 NXT/share = 604,950 NXT to date
Post by: Mu_XuE on November 15, 2014, 04:13:40 pm
GooD!! ;) ;D
Title: Re: LTCshare2G: 8th Dividend=138,383 NXT = 6.92 NXT/share = 604,950 NXT to date
Post by: Klokan on November 16, 2014, 03:05:08 pm
GooD!! ;) ;D

+1440. Many thanx, Zack, great job, as usual! Anyway, will be also "LTCshare2G Projected Earnings" spreadsheet updated ?

Nice weekend to all miners ;-)
Title: Re: LTCshare2G: 8th Dividend=138,383 NXT = 6.92 NXT/share = 604,950 NXT to date
Post by: pt on November 16, 2014, 07:01:54 pm
Great job as always!  ;D
Title: Re: LTCshare2G: 8th Dividend=138,383 NXT = 6.92 NXT/share = 604,950 NXT to date
Post by: 13Darko on November 21, 2014, 11:37:24 pm
21% NXT/share increase this week! :o Incredible!! Thank you, Cryptographer, for your hard work!

I'm feeling now like this:
(https://dl.dropboxusercontent.com/u/105524671/513-tony-stark.jpg)
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 21, 2014, 11:39:12 pm
Dividends sent - 8.3881 NXT/share this week

Amount paid, Account, TX
19124.868, NXT-4HFF-7TTU-YTVL-AVMWV, 11119044544942911338
17816.3244, NXT-ZV69-C2DP-SJQG-73PJT, 5064672440913930272
16776.2, NXT-4KS4-R9CD-K8B7-5AJWD, 11107514110104371529
9386.2839, NXT-V9HG-HQ5F-YTFK-BEYC2, 10589182141846433700
8757.1764, NXT-RLRQ-VG89-34GD-BER3X, 6407452902997532452
8415.78073, NXT-8CBP-XQAH-J47K-GNQPB, 15933099320674230102
8388.1, NXT-QYRM-XJ9K-8YP5-F8SV7, 382424684819481849
7683.4996, NXT-9HP3-8QJW-NY3Y-9QLLZ, 3877155038345799009
7252.35126, NXT-GZVY-WACM-8RM9-AFYCQ, 7213713533841737749
6710.48, NXT-N5FJ-8L9C-MQXU-D2HED, 1771455443054918845
4188.17833, NXT-RQJG-FAY7-TRU9-BH9S5, 3567338509512418127
3355.24, NXT-78DJ-22UJ-6AMF-22222, 13260428654011547564
3355.24, NXT-RNKQ-TTGX-V6DP-H55PS, 1847218637411524216
2867.05258, NXT-BNL2-8M6L-TYVJ-3BDC8, 14792745897907069270
2572.63027, NXT-7LUP-MRCU-VHAB-C5XXJ, 7263938133683535284
2516.43, NXT-FRPF-MGEF-7D9K-48FRP, 10927944022341639460
2121.35049, NXT-RA6F-TBCY-CAZA-GHHME, 14493891288933749579
2097.025, NXT-SU7K-QRWR-KF84-32ELE, 13383796557802208872
2079.40999, NXT-R3DM-JL5U-QATR-9XELX, 7275251145909866351
2071.8607, NXT-B4WZ-9FJT-RJGU-CXFP5, 2517816128790861031
1677.62, NXT-FAHJ-MNJE-5BHY-24PP4, 14636285247330942652
1425.977, NXT-234E-3WCH-RN8G-DPHCT, 18439425327491105889
1300.1555, NXT-T42Q-CW9H-CZ4A-2H4NA, 14422223990786711830
1258.215, NXT-CSMZ-VJV5-YVVP-5FZQU, 14114715976491567347
1258.215, NXT-BPZH-L5JZ-TS9Q-6RVTM, 8245410907978919862
1170.97876, NXT-J356-8B4K-L4DK-533EH, 15270604346024853043
1091.29181, NXT-ECBU-G3RB-W4HN-DD75D, 11380599284019836001
1090.453, NXT-98EP-BVRB-WU6B-386RA, 17376920487782679477
1090.453, NXT-NTLS-ZSZT-R5R2-5U57X, 5569864301393058697
1018.31534, NXT-P44H-3ZA6-TQBD-FESF3, 2516489893950929734
1006.572, NXT-P5KE-ASXN-FYQP-DCVT7, 12818857406991018423
872.3624, NXT-NH53-QEG6-NG4U-6D9DZ, 7512773434005520684
838.81, NXT-GNX2-6L6V-XNZ8-675FR, 4245059986209044843
838.81, NXT-4ZRX-J6CN-MX2D-AGWZU, 16057818314787722788
757.44543, NXT-7QCB-YGNT-98UZ-G85SW, 16141126934101484513
674.40324, NXT-GDAE-LC9Q-Z3UD-GN68R, 11668865485839411283
637.4956, NXT-6WM6-Y223-99GM-DWU7M, 18044932636772787878
629.1075, NXT-MZDS-L4PU-WMMK-CGA46, 15011241183933363376
629.1075, NXT-LQU5-UREL-D5BG-D8HQ2, 14528649177569118288
595.5551, NXT-WQN2-EQ3D-R753-F54CR, 14016809338103593373
587.167, NXT-7G7H-BE28-B967-FTBWW, 4177009927067046822
587.167, NXT-8T88-RJHB-QE2X-H4TXW, 9256803238386404798
587.167, NXT-KG5B-LFRV-KMRB-5KRWT, 5225733400948760051
562.0027, NXT-UAPC-3T43-FFT6-HW5BZ, 14780742779393093971
503.286, NXT-X5FX-P2K3-8PD2-CU97A, 125048459357025252
503.286, NXT-RE8F-JLCU-3L67-8HUQS, 11046917712718643767
503.286, NXT-G3ZG-DFJR-C4VX-AVNK5, 17700249712231401367
461.3455, NXT-LEH6-UQ45-A7R6-5QD93, 14962543408903852347
461.3455, NXT-NAAX-35VU-WTLJ-8P4EM, 5167116271408813589
441.21406, NXT-TGC4-8KDJ-RBQU-B65KE, 15252005562803417151
419.405, NXT-359Q-5ANQ-9M9E-66DJ8, 16775875061950595030
419.405, NXT-8QLY-CRHV-NSJZ-CCZ5K, 13118656297018593908
419.405, NXT-6N4J-BT95-U4Z9-DXM8F, 688503869590134644
343.9121, NXT-CHGW-7472-MB8R-C6SKT, 7559915774822423519
339.71805, NXT-B4U9-W3BT-BRGR-AV3R7, 1552682296302254689
335.524, NXT-RKKC-PVAX-QSDG-852WS, 5749553363904716214
335.524, NXT-MAEF-Y5ND-K63M-4ZPCG, 11009189073123712598
285.1954, NXT-N969-VBNG-QJD9-H3S9V, 10619906598216562494
251.643, NXT-VM6D-BMBT-UQMB-3Y7HH, 13493279080076109303
197.12035, NXT-BVPG-7SD3-UB5N-53LY4, 13227655631673649600
167.762, NXT-HEXJ-6MUN-37CN-FFTRQ, 5955127262803007428
156.01866, NXT-J2UZ-G2D2-V6X9-G2JMD, 1544853597371044284
139.24246, NXT-ZR6Q-2DBZ-JTZP-5Q6ZK, 7800919852823762920
134.2096, NXT-8573-EJTH-JSWS-GH5FG, 310536679933427254
129.17674, NXT-RNEB-CMJR-ELLX-GZJMT, 15930904782378492420
125.8215, NXT-CT63-XYBQ-UH7H-G7TJ7, 3696754171058192238
111.56173, NXT-8FEZ-DTFV-MQYS-7UKXW, 7250853390790402618
97.30196, NXT-LS4D-ZRUN-QBDN-8JGMG, 17437185208351276283
83.881, NXT-8D65-AVB7-X8SM-2JTX4, 3204866067502043876
83.881, NXT-8V72-VHZ3-PFEV-9J3TZ, 15294516126922907429
83.881, NXT-XCX5-2DWG-68CC-2L3WK, 10071746852738184648
83.881, NXT-47L4-3ZFH-VP8P-2EA84, 1914777656880667737
83.881, NXT-6RKA-ZVFL-VBS6-7D2EP, 8347888880270616155
67.1048, NXT-YJ9K-5M9S-A5DA-EZ6HD, 13132722795504011588
50.3286, NXT-GX2R-LF3D-LQCL-3E45H, 10428588692190730128
41.9405, NXT-EUH2-Y9LT-J54V-EPB56, 17603150745336010471
34.39121, NXT-7NQY-PVNX-M2BL-HWRDA, 1655146595711094483
33.5524, NXT-LHCG-TZRC-555R-6ERWX, 9674312236080254300
25.1643, NXT-M5CC-T5HJ-RPZE-DTET2, 15401342386814132295
16.7762, NXT-B7ZF-X7GW-AUWE-863Z9, 6067710022291590271
16.7762, NXT-BAD7-238Z-2SEX-2TJ2S, 16266819428568998399
16.7762, NXT-8UNC-QVL6-43W7-9KMFT, 9513493466878771168
12.58215, NXT-RT65-QVK7-KVK6-GFHJR, 7361751071699429340
8.3881, NXT-C7HZ-P8MP-9WJ5-4SMWS, 10272126326385303543
8.3881, NXT-Q5VB-Z25V-5WG6-3HWAK, 4396595627406752482
8.3881, NXT-JA4U-AH6B-N23B-8Q5TG, 2458320956340637750
------------All transactions processed------------
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: yanlap on November 22, 2014, 01:42:04 am
Dividend sustained growth :) I just say that's awesome
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Klokan on November 22, 2014, 01:49:21 am
Dividend sustained growth :) I just say that's awesome

+8.3881 :-)
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 22, 2014, 02:11:14 am
Yep working as planned so far :)

Early investors (35 NXT per share) have now made 178% returns from dividend payments alone... @ 40 NXT 111% and at 70 NXT 61%.  Awesome!

Hashpower is now 8.785 GH/s = 439.25 KH/s per share!
(http://i.imgur.com/lzHilIo.jpg)
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: sadface on November 22, 2014, 08:50:42 am
good job.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Mu_XuE on November 22, 2014, 11:14:32 am
Good!!Dividend sustained growth ;) ;)
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: AizenSou on November 25, 2014, 08:53:22 pm
Quote
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

I gave up already. Really. People are plain stupid. Accept the truth although it might sound harsh.

Sellers are selling ltcgear share for less than 3$ per 1mhs and it always becomes cheaper.
(Source: https://litecointalk.org/index.php?board=98.0)

The OP sold you the same share for more than 10$ per 1mhs and you are still defending for him ?
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
So it's still 150-180% more expensive than the selling price. Keep dreaming that your shares will be worth more in the future, because you can't sell it to anyone except who dumber as you.

Another problem is that LTC diff still keeps rising, and the only one who got ROI here might be your beloved OP. You are stuck in an asset which might never reach ROI and can't sell it to anyone because it's overprice from the start. Congrats. You have been scammed, holder.

Sorry for my harsh words, but it's the truth.

Regards,

Aizen
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: blackyblack1 on November 25, 2014, 09:00:53 pm
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
But you sell for $5,3 per 1 MH/s as stated in your signature. Or it is outdated?
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: printshop on November 25, 2014, 09:04:32 pm
But what does "overpriced" really mean? A certain asset I run will never pay more than half of what mining pays. Yet it sells for the same price. Is it overpriced? There is more going on in an asset than the sale price and the return. I made this mistake with SAAS, not accounting for their internal dynamics, and lost a little bit of profit when they increased their mh per share.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: AizenSou on November 25, 2014, 09:31:44 pm
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
But you sell for $5,3 per 1 MH/s as stated in your signature. Or it is outdated?

Sorry I didn't update anything from my account. It's very outdate. All the infos I posted here you could research yourself at the source I give above.

But what does "overpriced" really mean? A certain asset I run will never pay more than half of what mining pays. Yet it sells for the same price. Is it overpriced? There is more going on in an asset than the sale price and the return. I made this mistake with SAAS, not accounting for their internal dynamics, and lost a little bit of profit when they increased their mh per share.

I called it overpriced because the OP sold you the share with a price that makes you never reach ROI because of the LTC diff rising. DYOR before investing, but right now it's too late for investors here. Sorry there are nothing I can do to help you now.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: samson on November 25, 2014, 09:51:10 pm
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
But you sell for $5,3 per 1 MH/s as stated in your signature. Or it is outdated?

Sorry I didn't update anything from my account. It's very outdate. All the infos I posted here you could research yourself at the source I give above.

But what does "overpriced" really mean? A certain asset I run will never pay more than half of what mining pays. Yet it sells for the same price. Is it overpriced? There is more going on in an asset than the sale price and the return. I made this mistake with SAAS, not accounting for their internal dynamics, and lost a little bit of profit when they increased their mh per share.

I called it overpriced because the OP sold you the share with a price that makes you never reach ROI because of the LTC diff rising. DYOR before investing, but right now it's too late for investors here. Sorry there are nothing I can do to help you now.

Are you as dumb as you sound?  Asset issued shares are sold out, have been for a while.  The market sets the price now, not the asset issuer.  We will reach ROI because of the share multiplication that LTCgear does, the asset issuer does not keep it for himself.  Plus with a 35% reinvestment per week, our hash power grows by 4 % per week.  If LTCgear stays true to their word and multiplies shares by whatever the network increase is for the same period, then we will be seeing roughly 24% more btc every 6 weeks.  Did we pay a little more upfront for the mining assets, yes.  But this asset and all the other mining assets are great for NXT, as it brings in outside BTC to prop up the NXT price.  We all know what your game is, to make free shares from referrals.  Go troll somewhere else.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: AizenSou on November 25, 2014, 09:59:42 pm
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
But you sell for $5,3 per 1 MH/s as stated in your signature. Or it is outdated?

Sorry I didn't update anything from my account. It's very outdate. All the infos I posted here you could research yourself at the source I give above.

But what does "overpriced" really mean? A certain asset I run will never pay more than half of what mining pays. Yet it sells for the same price. Is it overpriced? There is more going on in an asset than the sale price and the return. I made this mistake with SAAS, not accounting for their internal dynamics, and lost a little bit of profit when they increased their mh per share.

I called it overpriced because the OP sold you the share with a price that makes you never reach ROI because of the LTC diff rising. DYOR before investing, but right now it's too late for investors here. Sorry there are nothing I can do to help you now.

Are you as dumb as you sound?  Asset issued shares are sold out, have been for a while.  The market sets the price now, not the asset issuer.  We will reach ROI because of the share multiplication that LTCgear does, the asset issuer does not keep it for himself.  Plus with a 35% reinvestment per week, our hash power grows by 4 % per week.  If LTCgear stays true to their word and multiplies shares by whatever the network increase is for the same period, then we will be seeing roughly 24% more btc every 6 weeks.  Did we pay a little more upfront for the mining assets, yes.  But this asset and all the other mining assets are great for NXT, as it brings in outside BTC to prop up the NXT price.  We all know what your game is, to make free shares from referrals.  Go troll somewhere else.

Yes I might be dumb in your stupid opinion because I don't invest in this shit. Thank for that I invested directly in ltcgear shares even after this shit was created and already enjoy my profit for a few weeks.
Just shut up and give him the money because we are all sure more stupid than him. You're dumb because you invested in his trap and I'm stupid too because I'm too damn nice for not ripping off your money.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: printshop on November 25, 2014, 10:28:54 pm
Yes I might be dumb in your stupid opinion because I don't invest in this shit. Thank for that I invested directly in ltcgear shares even after this shit was created and already enjoy my profit for a few weeks.
Just shut up and give him the money because we are all sure more stupid than him. You're dumb because you invested in his trap and I'm stupid too because I'm too damn nice for not ripping off your money.

*sips coffee*
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 26, 2014, 05:43:07 am
Right now, even after almost 3 months, your share still costs 100NXT / 439.25 KH/s * 1000 = 227.66 NXT per 1MH/s ( around 4.48$ per MH/s at current rate).
But you sell for $5,3 per 1 MH/s as stated in your signature. Or it is outdated?

Sorry I didn't update anything from my account. It's very outdate. All the infos I posted here you could research yourself at the source I give above.

But what does "overpriced" really mean? A certain asset I run will never pay more than half of what mining pays. Yet it sells for the same price. Is it overpriced? There is more going on in an asset than the sale price and the return. I made this mistake with SAAS, not accounting for their internal dynamics, and lost a little bit of profit when they increased their mh per share.

I called it overpriced because the OP sold you the share with a price that makes you never reach ROI because of the LTC diff rising. DYOR before investing, but right now it's too late for investors here. Sorry there are nothing I can do to help you now.

Are you as dumb as you sound?  Asset issued shares are sold out, have been for a while.  The market sets the price now, not the asset issuer.  We will reach ROI because of the share multiplication that LTCgear does, the asset issuer does not keep it for himself.  Plus with a 35% reinvestment per week, our hash power grows by 4 % per week.  If LTCgear stays true to their word and multiplies shares by whatever the network increase is for the same period, then we will be seeing roughly 24% more btc every 6 weeks.  Did we pay a little more upfront for the mining assets, yes.  But this asset and all the other mining assets are great for NXT, as it brings in outside BTC to prop up the NXT price.  We all know what your game is, to make free shares from referrals.  Go troll somewhere else.

Yes I might be dumb in your stupid opinion because I don't invest in this shit. Thank for that I invested directly in ltcgear shares even after this shit was created and already enjoy my profit for a few weeks.
Just shut up and give him the money because we are all sure more stupid than him. You're dumb because you invested in his trap and I'm stupid too because I'm too damn nice for not ripping off your money.

Wow, so silly on so many counts... What are you talking about "you never reach ROI because of the LTC diff rising" ?  People who bought at the highest Issuer price of 105 NXT have already made 37% ROI from dividends alone, and getting over 8% per week now. People who invested in the first 2 tiers are already well over 100% ROI from dividend payments alone AND share prices have more than tripled since then. Also, anyone can sell their shares RIGHT NOW for more than what they paid... which you can't do with your LTCgear shares. 

So, what's your problem dude? There is a difference between an asset and the actual LTCgear shares - you can't trade LTCgear shares on an exchange.  I've also been invested in LTCgear for a long time before creating this asset. There was obviously a demand for something like this. Since we started, several other copycat assets have sprung up but we are still doing just fine, investors have made very good profits, asset prices are stable and steadily increasing (which is rare in the land of cryptocurrency) and we are ahead of projected income estimates (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit#gid=285714803). So what is there to complain about?

By the way, if you don't own any shares, then why the hell are you commenting in the thread? Are you just bored and pissed off because you don't have any friends and you don't have anything better to do? = angry troll?
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Kitchentable on November 26, 2014, 01:41:34 pm

So, what's your problem dude? There is a difference between an asset and the actual LTCgear shares - you can't trade LTCgear shares on an exchange.  I've also been invested in LTCgear for a long time before creating this asset. There was obviously a demand for something like this. Since we started, several other copycat assets have sprung up but we are still doing just fine, investors have made very good profits, asset prices are stable and steadily increasing (which is rare in the land of cryptocurrency) and we are ahead of projected income estimates (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit#gid=285714803). So what is there to complain about?


I can't figure out his problem either other than his obvious agenda based on his signature to sell LTCshares to us lowly uneducated NXT users. Does it ever occur him that I know, and don't care, what the price is per LTCshare if I purchase directly from them? I gladly pay the extra price of not having to deal with managing an account and allowing this asset to do the reinvesting for me. Cryptographer has never hid the fact he purchases hash from LTCshares so any user could add the sum up and formulate on either purchasing this asset or just go straight to the source. I do find it odd that most of his forum posts is in this thread. You don't happen to have someone with an axe to grind towards you Cryptographer that you know of?

I've made back my investment on this asset so from here on out all received dividends is pure profit which has been steadily increasing every week. Every one of these mining assets creates volume for the NXT AE. They also bring the value of choice to the AE which I'm sure other coin AEs would give their first born child for. Having access to every type of asset under one coin with the ease of investing in the wallet more than makes up for paying a few dollars extra to go through the hinderance of creating multiple accounts on selected websites for a slight percentage increase in profit margin. With NXT I have one account that gives me access to those flurry of assets each with their own pros and cons yet someone in this thread wants to proclaim I'm mentally challenged because I didn't click on his signature to bask in the glory of his profits with promises of Lambos for the weekend. I disagree with my assumed mental understanding and look towards the perpetrator of this proclaimed logic as someone that just doesn't get it.

Anyone is more than welcome to tell me I'm wrong but I'll just ignore you while deciding on the next asset to invest in.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: tibidk on November 26, 2014, 02:04:59 pm
Kitchentable , you made my day! Well said!

(http://i.giphy.com/NnGGHE0muVqpO.gif)
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 26, 2014, 09:14:04 pm
Lol yeah nice. I think he's just late to the game and trying to advertise his affiliate link anywhere he can. Notice the # is higher than ours.

Too bad there is no way to delete posts from the thread, I don't think he's said one thing of value, just cluttering up the thread with nonsense.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: mallorcaman on November 29, 2014, 12:19:52 pm
Hi I am a new shareholder and have not received payment yet
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: hurrikaani on November 29, 2014, 02:04:59 pm
LTC difficulty went up big time this week. :/

Quote
Friday 21.11
0.00135356 LTC/day
Network difficulty 46816.02093


Thursday 27.11
0.00120365 LTC/day
Network difficulty 52646.50355

That's 12% decrease in profitability in one week. Makes me appreciate the re-investing model alot more.  :)

Ps. Payments are late this week, due to the LTCgear black friday sales, i think.
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 29, 2014, 04:34:33 pm
Yeah, it was very late last night when we got our payout. Will be making payments soon
Title: Re: LTCshare2G: 9th Dividend= 167,762 NXT = 8.39 NXT/share =772,713 NXT to date
Post by: Cryptographer on November 29, 2014, 05:27:38 pm
Had to install the latest version of Supernet before it would let me pay the dividends. I am up visiting family for the holidays and have my slow-ass laptop with me, I really see the difference processing all the blocks vs when I'm on my beastly desktop at home.  In any case, whenever this finishes I'll be making payments.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to da
Post by: Cryptographer on November 29, 2014, 06:10:44 pm
Ok finally! Payouts a little bit less this week due to big rise in LTC diff and drop in LTC/BTC. There should be a small drop in LTC diff later today though.

10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date

Amount paid, Account, TX
15646.446, NXT-ZV69-C2DP-SJQG-73PJT, 15296591196360159607
14946.6285, NXT-4HFF-7TTU-YTVL-AVMWV, 13162432465820963003
14733, NXT-4KS4-R9CD-K8B7-5AJWD, 1143352168316975300
7690.626, NXT-RLRQ-VG89-34GD-BER3X, 16157422654502445660
7405.54245, NXT-8CBP-XQAH-J47K-GNQPB, 2028021127520969530
7395.966, NXT-V9HG-HQ5F-YTFK-BEYC2, 6260824156335854253
7366.5, NXT-QYRM-XJ9K-8YP5-F8SV7, 10434776796269469998
6747.714, NXT-9HP3-8QJW-NY3Y-9QLLZ, 3716431421076315251
5893.2, NXT-N5FJ-8L9C-MQXU-D2HED, 181840148116432051
4011.7959, NXT-GZVY-WACM-8RM9-AFYCQ, 18114191433422587852
3690.6165, NXT-RQJG-FAY7-TRU9-BH9S5, 3459113512272283170
3581.5923, NXT-Y8UP-9KD4-88XP-7UX9Q, 10379227028066148074
2946.6, NXT-RNKQ-TTGX-V6DP-H55PS, 13081482817702391490
2946.6, NXT-78DJ-22UJ-6AMF-22222, 14232663176192822210
2517.8697, NXT-BNL2-8M6L-TYVJ-3BDC8, 7728575899217837885
2259.30555, NXT-7LUP-MRCU-VHAB-C5XXJ, 18330238823647531065
2074.4064, NXT-FRPF-MGEF-7D9K-48FRP, 5215859249101770430
1841.625, NXT-SU7K-QRWR-KF84-32ELE, 17202983733544335705
1826.15535, NXT-R3DM-JL5U-QATR-9XELX, 14022118314262524392
1789.32285, NXT-RA6F-TBCY-CAZA-GHHME, 3253604838029453021
1488.033, NXT-B4WZ-9FJT-RJGU-CXFP5, 6099199430882863891
1473.3, NXT-234E-3WCH-RN8G-DPHCT, 908267677202224901
1473.3, NXT-FAHJ-MNJE-5BHY-24PP4, 16349976759432247451
1255.98825, NXT-J356-8B4K-L4DK-533EH, 8568666631107474955
1141.8075, NXT-T42Q-CW9H-CZ4A-2H4NA, 10534487296959594109
1104.975, NXT-CSMZ-VJV5-YVVP-5FZQU, 13185537215616060357
1104.975, NXT-8FEZ-DTFV-MQYS-7UKXW, 4196819320292048300
1104.975, NXT-BPZH-L5JZ-TS9Q-6RVTM, 4032388362141272636
957.645, NXT-NTLS-ZSZT-R5R2-5U57X, 6671515437017892554
957.645, NXT-98EP-BVRB-WU6B-386RA, 16287651104282094439
883.98, NXT-NH53-QEG6-NG4U-6D9DZ, 7426703377491933459
883.98, NXT-P5KE-ASXN-FYQP-DCVT7, 393792880507025873
872.1936, NXT-P44H-3ZA6-TQBD-FESF3, 4341186748961632678
736.65, NXT-4ZRX-J6CN-MX2D-AGWZU, 17903106103602696588
736.65, NXT-GNX2-6L6V-XNZ8-675FR, 9820137372578765824
665.19495, NXT-7QCB-YGNT-98UZ-G85SW, 4820567112986105527
648.98865, NXT-RNEB-CMJR-ELLX-GZJMT, 9250967291216982243
626.1525, NXT-KG5B-LFRV-KMRB-5KRWT, 18322139141983967513
589.32, NXT-GDAE-LC9Q-Z3UD-GN68R, 11498994898551802393
559.854, NXT-6WM6-Y223-99GM-DWU7M, 626876050287448470
552.4875, NXT-MZDS-L4PU-WMMK-CGA46, 4404501656529801349
552.4875, NXT-LQU5-UREL-D5BG-D8HQ2, 9732543999080358678
523.0215, NXT-WQN2-EQ3D-R753-F54CR, 15727063397273852041
515.655, NXT-7G7H-BE28-B967-FTBWW, 2915974362971483893
493.5555, NXT-CHGW-7472-MB8R-C6SKT, 9668685123458418195
493.5555, NXT-UAPC-3T43-FFT6-HW5BZ, 14445508821958458094
472.19265, NXT-ECBU-G3RB-W4HN-DD75D, 10586080859691781923
441.99, NXT-G3ZG-DFJR-C4VX-AVNK5, 9238425125703371872
441.99, NXT-RE8F-JLCU-3L67-8HUQS, 9811692416196933943
441.99, NXT-X5FX-P2K3-8PD2-CU97A, 18246320930545881654
405.1575, NXT-NAAX-35VU-WTLJ-8P4EM, 13973788924567871460
405.1575, NXT-LEH6-UQ45-A7R6-5QD93, 3434254317560811006
387.4779, NXT-TGC4-8KDJ-RBQU-B65KE, 11678610119919502346
368.325, NXT-8QLY-CRHV-NSJZ-CCZ5K, 15540743138067462861
368.325, NXT-6N4J-BT95-U4Z9-DXM8F, 2219124581619409881
368.325, NXT-8T88-RJHB-QE2X-H4TXW, 17905834954183048472
368.325, NXT-359Q-5ANQ-9M9E-66DJ8, 15564620927788306033
298.34325, NXT-B4U9-W3BT-BRGR-AV3R7, 5827760577792746477
294.66, NXT-MAEF-Y5ND-K63M-4ZPCG, 10771996628188512727
250.461, NXT-N969-VBNG-QJD9-H3S9V, 8543077451738267338
228.3615, NXT-BVPG-7SD3-UB5N-53LY4, 12771183447878584083
220.995, NXT-VM6D-BMBT-UQMB-3Y7HH, 9249519890708346183
220.995, NXT-PK6M-CQDA-7UEZ-4T4CR, 5066151687226125227
147.33, NXT-RKKC-PVAX-QSDG-852WS, 15726742781810566113
137.0169, NXT-J2UZ-G2D2-V6X9-G2JMD, 8671082024924017008
122.2839, NXT-ZR6Q-2DBZ-JTZP-5Q6ZK, 9073239654145882252
117.864, NXT-8573-EJTH-JSWS-GH5FG, 8799664836537128146
115.65405, NXT-LS4D-ZRUN-QBDN-8JGMG, 13984942985757207861
110.4975, NXT-CT63-XYBQ-UH7H-G7TJ7, 11231099847248969745
73.665, NXT-8D65-AVB7-X8SM-2JTX4, 8021548898208385404
73.665, NXT-XCX5-2DWG-68CC-2L3WK, 13971124269465600439
73.665, NXT-6RKA-ZVFL-VBS6-7D2EP, 16821782253902189506
73.665, NXT-LTLB-WLM9-4X6U-8L5PT, 16019886784390770311
73.665, NXT-D4UM-Z27T-T59Z-9QT6X, 7157188805509557907
73.665, NXT-8V72-VHZ3-PFEV-9J3TZ, 5755777636641337002
73.665, NXT-47L4-3ZFH-VP8P-2EA84, 3891479060608681809
67.03515, NXT-GX2R-LF3D-LQCL-3E45H, 14139411921545847054
66.2985, NXT-2FX9-DTXD-V9B4-DFTJQ, 10284118153063619023
58.932, NXT-YJ9K-5M9S-A5DA-EZ6HD, 5125549053556656554
44.199, NXT-EUH2-Y9LT-J54V-EPB56, 11133607907507126387
29.466, NXT-LHCG-TZRC-555R-6ERWX, 7152132755271380862
22.0995, NXT-M5CC-T5HJ-RPZE-DTET2, 9797792581678011592
22.0995, NXT-B7ZF-X7GW-AUWE-863Z9, 12552004161221093259
14.733, NXT-BAD7-238Z-2SEX-2TJ2S, 263661342512231354
14.733, NXT-8UNC-QVL6-43W7-9KMFT, 8517657723349628808
11.04975, NXT-RT65-QVK7-KVK6-GFHJR, 11689164107463061380
7.3665, NXT-Q5VB-Z25V-5WG6-3HWAK, 6646371099632782973
7.3665, NXT-C7HZ-P8MP-9WJ5-4SMWS, 18080881528413540348
7.3665, NXT-JA4U-AH6B-N23B-8Q5TG, 1239805023976509267
------------All transactions processed------------
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: r4Nd.m on November 29, 2014, 08:01:42 pm
Received, thanks  8)
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: dolux on November 29, 2014, 11:10:24 pm
Another great result, received in good time as always, thanks :) :) :)
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Klokan on November 30, 2014, 02:14:31 pm
Another great result, received in good time as always, thanks :) :) :)

+1440
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: semibaron on November 30, 2014, 05:17:21 pm
Good job, how much Hashpower will be added this week?
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: sadface on November 30, 2014, 06:28:10 pm
gj, thanks
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Cryptographer on December 01, 2014, 12:28:55 am
I'll be adding at least 2 of the ASC1K83 packs this week, unfortunately missed the Black Friday deals because I was visiting family and didn't check the LTCgear site. If I can catch one of the coupon codes and get a discount I'll add more than 2 packs.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: samson on December 01, 2014, 01:02:31 am
He is doing a cyber monday deal starting tomorrow, be on the lookout.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: pf on December 01, 2014, 03:25:25 pm
I got three orders put in with coupon codes that are each for 1.5 GH for just over $3,200.  (like, $2.19 a MH)
I am just waiting for Chris to confirm that I can still pay for them (the orders are ~36 hours old now) but if he gives me the affirmative we can split some of them if you want.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Cryptographer on December 01, 2014, 04:49:59 pm
Thanks for the offer pf. I actually just picked up 700 MH/s with discount of 32% off - 3.66784444 BTC total which is just about exactly how much we have in the reinvestment fund right now.  This brings us up to 9485 MH/s - 474.25 KH/s per share  :)
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: mallorcaman on December 06, 2014, 06:15:05 am
Hi, have not received my weekly payout everything ok?
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Cryptographer on December 06, 2014, 11:00:42 am
Payouts were late today. Dividends coming out now.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Mu_XuE on December 06, 2014, 11:13:55 am
Payouts were late today. Dividends coming out now.
Received.Good ;) ;D ;D
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: semibaron on December 06, 2014, 11:15:10 am
Received. How many NXT/share?
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: Cryptographer on December 06, 2014, 11:24:18 am
Paid up - 150500 NXT total, 7.5250 per share. 600 MH/s added, over 10 GH/s now! Over 1 million NXT paid to date




7007131091145461408      12/6/2014 5:58:42   Ordinary Payment      15290.8   1   NXT-4HFF-7TTU-YTVL-AVMWV   7
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Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: blackyblack1 on December 06, 2014, 11:54:08 am
Paid up - 150500 NXT total, 7.5250 per share. 600 MH/s added, over 10 GH/s now! Over 1 million NXT paid to date
Great work. Thank you.
Hope Chris will fix his payment script and things will go smooth.
Title: Re: LTCshare2G: 10th Dividend = 147,330 NXT = 7.37 NXT/share = 920,043 NXT to date
Post by: pf on December 06, 2014, 03:04:06 pm
Payouts were late today. Dividends coming out now.
Still waiting for mine, ugh.  Chris is taking forever to process on-hold orders lately
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 06, 2014, 09:15:25 pm
We have broken 10 GH/s, 1 Million NXT paid, and 500 kh/s per share this week! Prices per kh/s are way below our similar competitor, and profitability per share is much higher! Champagne!

(http://i.imgur.com/TSNQm6w.jpg)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: pf on December 06, 2014, 09:58:30 pm
When did you get your payout, still waiting on mine.
Stupid 1 order is still on hold.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 07, 2014, 11:58:40 pm
When did you get your payout, still waiting on mine.
Stupid 1 order is still on hold.

Really?? We got the payout late Friday night/early Saturday AM
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: pf on December 08, 2014, 12:00:39 am
When did you get your payout, still waiting on mine.
Stupid 1 order is still on hold.

Really?? We got the payout late Friday night/early Saturday AM
Got it finally this morning.
Still have two orders that I paid for that have not been completed yet.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: hurrikaani on December 08, 2014, 07:27:57 am
Is there any specific reason why LTCShare2G price dropped so much from 146 NXT?  :o Someone even sold at 109 NXT.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 08, 2014, 07:50:53 am
It was overvalued relative to its competitors.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: cavernofkafka on December 08, 2014, 03:05:18 pm
Best time to buy
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: hurrikaani on December 08, 2014, 07:31:38 pm
Best time to buy

Do we have any information is the 15% rise in difficulty in 24h permanent? I dont understand alot about it.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 08, 2014, 07:42:35 pm
Best time to buy

Do we have any information is the 15% rise in difficulty in 24h permanent? I dont understand alot about it.

What do you mean?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 08, 2014, 07:59:15 pm
It was overvalued relative to its competitors.

Very untrue. There are only 20,000 shares of this asset, SAAS has 2.5 times as many shares and only holds 40% more hashpower. 145 NXT per share was about equal to SAAS in NXT per MH/s. Currently, asset is very underpriced, considering that each share is equivaluent to more than 0.5 MH/s of hashpower.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 08, 2014, 08:03:24 pm
It was overvalued relative to its competitors.

Very untrue. There are only 20,000 shares of this asset, SAAS has 2.5 times as many shares and only holds 40% more hashpower. 145 NXT per share was about equal to SAAS in NXT per MH/s. Currently, asset is very underpriced, considering that each share is equivaluent to more than 0.5 MH/s of hashpower.
Relative to ltc2nxt2/3 or BearMining
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 08, 2014, 08:05:30 pm
It was overvalued relative to its competitors.

Very untrue. There are only 20,000 shares of this asset, SAAS has 2.5 times as many shares and only holds 40% more hashpower. 145 NXT per share was about equal to SAAS in NXT per MH/s. Currently, asset is very underpriced, considering that each share is equivaluent to more than 0.5 MH/s of hashpower.
Relative to ltc2nxt2/3 or BearMining
No, still wrong. Each share of LTC2G is now worth more than 5 qASIC shares. Also, satoshi is a complete crook so I wouldn't even compare to any of his assets.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 08, 2014, 08:11:59 pm
LTC2share2G: 7.53/145 = 0.052/invested NXT

BearMining: 0.15/invested NXT

Right know, BearMining pays twice the amount of weekly dividend. Due to reinvestment in LTC2share2G, this asset will catch up over time.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: jl777 on December 08, 2014, 08:20:02 pm
Best time to buy

Do we have any information is the 15% rise in difficulty in 24h permanent? I dont understand alot about it.
People that can accurately predict future difficulty levels are able to predict something with high correlation to future price changes

James
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 08, 2014, 10:00:56 pm
LTC2share2G: 7.53/145 = 0.052/invested NXT

BearMining: 0.15/invested NXT

Right know, BearMining pays twice the amount of weekly dividend. Due to reinvestment in LTC2share2G, this asset will catch up over time.

These are different types of mining assets, I was comparing to similar style limited-share amount assets. Also, current LTC2G price is only about 100 NXT per share. If Bearmining investors re-invested 35% of mining income, their income per share would be very similar to LTC2G.


I would guess that LTC diff will come back down again, it usually does after very sharp rises, but as James said, you really can't predict these things very well.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: pf on December 08, 2014, 10:31:42 pm
Dec 06 2014   51,485   -1.35%   1,474 GH/s
Dec 03 2014   52,191   1.80%   1,494 GH/s
Nov 29 2014   51,270   -2.62%   1,468 GH/s
Nov 26 2014   52,647   5.68%   1,507 GH/s
Nov 22 2014   49,818   6.41%   1,426 GH/s
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: printshop on December 09, 2014, 01:21:05 am
LTC2share2G: 7.53/145 = 0.052/invested NXT

BearMining: 0.15/invested NXT

Right know, BearMining pays twice the amount of weekly dividend. Due to reinvestment in LTC2share2G, this asset will catch up over time.

These are different types of mining assets, I was comparing to similar style limited-share amount assets. Also, current LTC2G price is only about 100 NXT per share. If Bearmining investors re-invested 35% of mining income, their income per share would be very similar to LTC2G.


I would guess that LTC diff will come back down again, it usually does after very sharp rises, but as James said, you really can't predict these things very well.

I see what Samson is trying to say but please be aware of a couple of points. First, just based on trust issues alone people should not invest entirely with just one person. You should spread it around a little. It is only natural that people invest in all of the LTCgear pass throughs equally, just based on trust issues of one guy running away with all the money. I mean lets be honest. CG could cut and run at any time. So could I. So what reason do you have to trust either one of us independent of the other?

Second issue, BearMining won't pay that much going forward. BearMining is going to be cutting it close by reinvesting a lot into 2nd gen ASICs. If this asset has 5KH/share it will be the benchmark, and we will likely pay the same or 1% higher and reinvest everything else.

Third. We aren't selling any more BearMining shares. We sold so many, so fast, I am having trouble managing the exchange rates. So you might as well go buy something else. There's no BearMining here for you, sorry, we are closed. Etc.

And don't forget, LTCshare2G is a fine asset. I did an interview with Cryptographer. This asset is going places. It used to be like the highest paying asset a few weeks ago and I believe it has the potential to rise again. Don't discount this asset, it may surprise you :)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: blackyblack1 on December 09, 2014, 06:04:00 am
I see what Samson is trying to say but please be aware of a couple of points. First, just based on trust issues alone people should not invest entirely with just one person. You should spread it around a little. It is only natural that people invest in all of the LTCgear pass throughs equally, just based on trust issues of one guy running away with all the money. I mean lets be honest. CG could cut and run at any time. So could I. So what reason do you have to trust either one of us independent of the other?
Cryptographer has proven to be honest cause he sold all his assets but continue to pay divvs. Scammer would run away the same moment the last share was sold. Still something wrong can happen like hacked account, ltcgear runaway or sudden death. So do not put all the eggs in one basket.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 09, 2014, 11:30:03 pm
I'm going to start investing a portion of each week's reinvestment fund into the new 2nd Gen ASICs at LTCgear. Probably just whatever is leftover in the fund after buying the largest qASIC package we can afford.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 10, 2014, 12:49:32 pm
I'm going to start investing a portion of each week's reinvestment fund into the new 2nd Gen ASICs at LTCgear. Probably just whatever is leftover in the fund after buying the largest qASIC package we can afford.

The 2gen Shares look amazing I bought some a few days ago keep up the good work!
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 10, 2014, 05:39:31 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 10, 2014, 05:57:12 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 10, 2014, 06:03:29 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 10, 2014, 06:16:38 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.

What's with saving and buying 2 packs at next reinvestment round? When will 2nd gen be delivered?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: printshop on December 10, 2014, 06:24:43 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.

What's with saving and buying 2 packs at next reinvestment round? When will 2nd gen be delivered?

New information has come out which basically forces mining issues like ours to go full tilt into 2nd gen. Just bought 10 more myself.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: pf on December 10, 2014, 06:49:52 pm
The M10 modifiers will switch to lyra-re on the 16th, as opposed to middle of next month.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Klokan on December 10, 2014, 06:54:25 pm
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.

What's with saving and buying 2 packs at next reinvestment round? When will 2nd gen be delivered?

Anyway, what's the main difference between current and 2nd-gen ASIC HW ? More power, another algorithm ... ?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: samson on December 11, 2014, 12:08:16 am
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.

What's with saving and buying 2 packs at next reinvestment round? When will 2nd gen be delivered?

Anyway, what's the main difference between current and 2nd-gen ASIC HW ? More power, another algorithm ... ?

Less hashing power but will be able to use a multicoin approach like waffelpool.  The new hardware will be able to switch between alt coins so that you are always mining the most profitable coin.  FTC and VTC are currently running 200% more profitable than LTC according to the chart Chris posted on LTCgear this morning.  You all know my opinion on buying gen 2 shares now so I'll stay out of this :)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Klokan on December 11, 2014, 02:08:37 am
Hey guys, we got 1.841906142 BTC from the past few weeks affiliate income, putting us at 1.5022 in the reinvestment fund (previous balance was -0.34). I'm going to put this all towards the 2nd gen asics.

That's good news. Why don't buy 1st gen and generate income now?

1.5 BTC isn't enough to get another qASIC package, and I think it's a good idea to gradually build up some of the 2nd Gen asics in our account.

What's with saving and buying 2 packs at next reinvestment round? When will 2nd gen be delivered?

Anyway, what's the main difference between current and 2nd-gen ASIC HW ? More power, another algorithm ... ?

Less hashing power but will be able to use a multicoin approach like waffelpool.  The new hardware will be able to switch between alt coins so that you are always mining the most profitable coin.  FTC and VTC are currently running 200% more profitable than LTC according to the chart Chris posted on LTCgear this morning.  You all know my opinion on buying gen 2 shares now so I'll stay out of this :)

Thanks for explanation, Samson! (2nd gen) sounds very interesting ;-)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 11, 2014, 05:39:56 pm
Yeah, actually I think it will be better to keep buying regular qASIC shares up until closer to when the 2nd Gen are produced, then go all in on the 2nd Gen's for the last couple of weeks until they come out. The 2nd gen ASICs should be way more profitable by the calculations I've done. But, there will be a big rise in difficulty on FTC and the new VTC algo when they are released, so I don't think the current profitability calculations are accurate. Maybe 1/2 to 1/4 of those values, but who knows.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 13, 2014, 03:59:47 am
Hi guys, this week I'm going to make the dividend payment on Saturday or Sunday so that I can get a better exchange rate for NXT and pay more to all of you :)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 13, 2014, 08:00:43 am
2g payouts aver very low at the moment but they will likely sell out long before they are launched in mid January, Any update on the status of the dividends?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 13, 2014, 05:27:55 pm
Proposal: Increase reinvestment temporarily to 50% to increase kh/nxt.
This would boost share prices. Right now, there is very low demand on the AE.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: r4Nd.m on December 13, 2014, 05:51:56 pm
Cryptographer, can we know this week's numbers even if the payout will be later?

Also, did you end up purchasing the gen2 shares with the affiliate income, or will the normal shares be purchased along with this week's dividend?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: r4Nd.m on December 13, 2014, 06:02:15 pm
Proposal: Increase reinvestment temporarily to 50% to increase kh/nxt.
This would boost share prices. Right now, there is very low demand on the AE.

There is already a sensible plan in place, better to avoid constantly fiddling with the asset (my opinion). One of the reasons for a low share price could also be the uncertainty from ever-changing terms

Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 14, 2014, 12:45:26 am
Still waiting for the payout from Chris, looks like it's delayed by 24 hours due to reviewing the database. Hopefully we get it soon, and I'll send the dividend as soon as I get get the NXT for a good price.

As far as income for the week, we'll be getting 1339.23 LTC, current rate is around 0.01, so 13.39 BTC. 65% = 8.7035 BTC, hopefully can get NXT at under 0.000048, which will be >181,000 NXT, so should be at least 9.06 NXT per share.

It might actually be a good idea to increase reinvestment % for a while since share prices have come down so much lately, I'll take a poll first though.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 14, 2014, 05:37:27 am
Reinvesting in 2g shares sounds like a good idea to me, I for one will be using my dividend earnings to purchase more assets at current low prices  ;)
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: semibaron on December 14, 2014, 10:50:42 am
Still waiting for the payout from Chris, looks like it's delayed by 24 hours due to reviewing the database. Hopefully we get it soon, and I'll send the dividend as soon as I get get the NXT for a good price.

As far as income for the week, we'll be getting 1339.23 LTC, current rate is around 0.01, so 13.39 BTC. 65% = 8.7035 BTC, hopefully can get NXT at under 0.000048, which will be >181,000 NXT, so should be at least 9.06 NXT per share.

It might actually be a good idea to increase reinvestment % for a while since share prices have come down so much lately, I'll take a poll first though.

Yeah. I would suggest raising reinvestment rate to 50% for 4 weeks or raise reinvestments to 100% for 1 or if necessary 2 weeks.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 14, 2014, 10:59:05 am
Still waiting for the payout from Chris, looks like it's delayed by 24 hours due to reviewing the database. Hopefully we get it soon, and I'll send the dividend as soon as I get get the NXT for a good price.

As far as income for the week, we'll be getting 1339.23 LTC, current rate is around 0.01, so 13.39 BTC. 65% = 8.7035 BTC, hopefully can get NXT at under 0.000048, which will be >181,000 NXT, so should be at least 9.06 NXT per share.

It might actually be a good idea to increase reinvestment % for a while since share prices have come down so much lately, I'll take a poll first though.
An aggresive reinvestment program for the 2g sounds like a good plan to me, any news on payment yet?

Yeah. I would suggest raising reinvestment rate to 50% for 4 weeks or raise reinvestments to 100% for 1 or if necessary 2 weeks.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 14, 2014, 02:08:29 pm
Here is an update from Chris on LTC gear https://litecointalk.org/index.php?PHPSESSID=b90390947pfe02u5e6q4gmqib0&topic=6401.7110
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 14, 2014, 08:07:51 pm
We just got our payout. I'll be doing dividends as soon as the NXT purchase goes through.  Unfortunately Chris paid us in BTC, I tried to switch to LTC but guess I missed the cutoff. In any case, div's should be between 170,000-180,000 NXT!
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 14, 2014, 08:20:04 pm
Since we are getting 35% affiliate income for this final week until Chris ends the affiliate program, I am going to buy an extra package and pay us back when we get the affiliate income. So, adding 900 MH/s this week putting us at close to 11 GH/s
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: mallorcaman on December 14, 2014, 09:01:49 pm
Since we are getting 35% affiliate income for this final week until Chris ends the affiliate program, I am going to buy an extra package and pay us back when we get the affiliate income. So, adding 900 MH/s this week putting us at close to 11 GH/s
Where do you trade to nxt?
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Klokan on December 14, 2014, 09:16:55 pm
Since we are getting 35% affiliate income for this final week until Chris ends the affiliate program, I am going to buy an extra package and pay us back when we get the affiliate income. So, adding 900 MH/s this week putting us at close to 11 GH/s
Where do you trade to nxt?

Hopefully not on BTER? ;) (See "Price speculation" thread about BTER issues & troubles ...).
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 15, 2014, 04:51:57 am
Everyone, please use the Dividends+ module in the Supernet NXT client (http://multigateway.org/) and cast your vote to this polling account for whether reinvestment should be increased for a few weeks - NXT-PQGL-M42M-PGW5-CSSHF

If you voted "No" you are done. If you voted "Yes" to increasing reinvestment, cast additional votes to these accounts:

NXT-VFUZ-H2CZ-UHHM-8ZWQG - for the % increase to reinvestment

-AND-

NXT-JLCS-2JQW-7S8S-2MG38 - for the # of weeks to use the increased rate


If the number of "No" votes is greater than 50%, things will stay the same. If >50% is yes I'll use the values from the additional votes to determine the amount and duration of the increase. Votes are weighted by the # of shares you hold.

I hope we can get a good number of votes in by tomorrow to be able to take advantage of the 35% affiliate income. I'll end the poll once more than 60% of shares are polled.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: printshop on December 15, 2014, 05:07:48 am
Since we are getting 35% affiliate income for this final week until Chris ends the affiliate program, I am going to buy an extra package and pay us back when we get the affiliate income. So, adding 900 MH/s this week putting us at close to 11 GH/s
Where do you trade to nxt?

Give mgwBTC a shot. We're using it now and will up the volume if our orders get filled. I'm prepared to use mgwBTC for all our nxt/btc needs. It looks like a go.
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 15, 2014, 05:19:55 am
Since we are getting 35% affiliate income for this final week until Chris ends the affiliate program, I am going to buy an extra package and pay us back when we get the affiliate income. So, adding 900 MH/s this week putting us at close to 11 GH/s
Where do you trade to nxt?

Give mgwBTC a shot. We're using it now and will up the volume if our orders get filled. I'm prepared to use mgwBTC for all our nxt/btc needs. It looks like a go.

If volume increases I'll use mgwBTC
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 15, 2014, 05:35:55 am
Week 12 Dividends paid - 177,000 NXT = 8.85 NXT/share = 1247542.74 NXT to date

Amount paid, Account, TX
17700, NXT-4KS4-R9CD-K8B7-5AJWD, 6258027184624103184
12635.145, NXT-ZV69-C2DP-SJQG-73PJT, 3460573623233120936
10635.045, NXT-8CBP-XQAH-J47K-GNQPB, 5983181293298706384
9239.4, NXT-RLRQ-VG89-34GD-BER3X, 12726919432096304249
8850, NXT-V9HG-HQ5F-YTFK-BEYC2, 7308940725594776463
8850, NXT-QYRM-XJ9K-8YP5-F8SV7, 2736380425661673207
8106.6, NXT-9HP3-8QJW-NY3Y-9QLLZ, 3646746769694548492
7080, NXT-N5FJ-8L9C-MQXU-D2HED, 14970793278481732587
6886.185, NXT-ECBU-G3RB-W4HN-DD75D, 5097452010533388957
6383.505, NXT-8FEZ-DTFV-MQYS-7UKXW, 13463661823732119219
5810.025, NXT-Y8UP-9KD4-88XP-7UX9Q, 16927638514111042859
5799.405, NXT-4HFF-7TTU-YTVL-AVMWV, 3434185868087448880
4701.12, NXT-J356-8B4K-L4DK-533EH, 8365255773208422773
4690.5, NXT-RQJG-FAY7-TRU9-BH9S5, 15476854147994004816
3540, NXT-RNKQ-TTGX-V6DP-H55PS, 10515098384809267247
3540, NXT-78DJ-22UJ-6AMF-22222, 8132474316641594690
3024.93, NXT-BNL2-8M6L-TYVJ-3BDC8, 17157797971412980748
2761.2, NXT-8V72-VHZ3-PFEV-9J3TZ, 10025395508584814735
2514.285, NXT-RE8F-JLCU-3L67-8HUQS, 14679749071841840264
2503.665, NXT-RA6F-TBCY-CAZA-GHHME, 13549584841403412547
2492.16, NXT-FRPF-MGEF-7D9K-48FRP, 17166775100310551648
2212.5, NXT-SU7K-QRWR-KF84-32ELE, 16938790882036905058
2193.915, NXT-R3DM-JL5U-QATR-9XELX, 109162204830780576
1770, NXT-FAHJ-MNJE-5BHY-24PP4, 2882435963857758269
1770, NXT-234E-3WCH-RN8G-DPHCT, 18233431177119325084
1770, NXT-SMLG-LETP-RLQX-9AAMZ, 8441728038001840773
1575.3, NXT-VM6D-BMBT-UQMB-3Y7HH, 4448965987042442685
1398.3, NXT-B4WZ-9FJT-RJGU-CXFP5, 11372959128196190693
1371.75, NXT-T42Q-CW9H-CZ4A-2H4NA, 14889591563594608057
1327.5, NXT-CSMZ-VJV5-YVVP-5FZQU, 6314815739974316219
1327.5, NXT-BPZH-L5JZ-TS9Q-6RVTM, 12753919157804823312
1194.75, NXT-NH53-QEG6-NG4U-6D9DZ, 2687895865899261493
1150.5, NXT-98EP-BVRB-WU6B-386RA, 9426085366942160071
1111.56, NXT-LS4D-ZRUN-QBDN-8JGMG, 3413917542672060036
1062, NXT-P5KE-ASXN-FYQP-DCVT7, 14412981400214550731
991.2, NXT-LEH6-UQ45-A7R6-5QD93, 4561946461809176788
938.985, NXT-RNEB-CMJR-ELLX-GZJMT, 3623798249734705288
885, NXT-4ZRX-J6CN-MX2D-AGWZU, 14650961917553291116
885, NXT-GNX2-6L6V-XNZ8-675FR, 11101782513213130426
799.155, NXT-7QCB-YGNT-98UZ-G85SW, 5483657172369420303
752.25, NXT-KG5B-LFRV-KMRB-5KRWT, 4920404579031668581
708, NXT-GDAE-LC9Q-Z3UD-GN68R, 11728534591337557771
699.15, NXT-CHGW-7472-MB8R-C6SKT, 12331077368798495171
672.6, NXT-6WM6-Y223-99GM-DWU7M, 1528207902626044400
663.75, NXT-MZDS-L4PU-WMMK-CGA46, 13942018580499526622
628.35, NXT-WQN2-EQ3D-R753-F54CR, 3192231028609349220
619.5, NXT-7G7H-BE28-B967-FTBWW, 11561783479484052473
592.95, NXT-UAPC-3T43-FFT6-HW5BZ, 5396648772259055436
531, NXT-X5FX-P2K3-8PD2-CU97A, 16044706354007392607
531, NXT-G3ZG-DFJR-C4VX-AVNK5, 12365434087445646123
490.29, NXT-B4U9-W3BT-BRGR-AV3R7, 6852818252419141308
486.75, NXT-LTLB-WLM9-4X6U-8L5PT, 13278789484464560891
477.9, NXT-NAAX-35VU-WTLJ-8P4EM, 10847425334625351213
465.51, NXT-TGC4-8KDJ-RBQU-B65KE, 533970183933692473
442.5, NXT-359Q-5ANQ-9M9E-66DJ8, 13654295913766138948
442.5, NXT-6N4J-BT95-U4Z9-DXM8F, 2143634721294056245
442.5, NXT-6GMG-FC5F-YSX6-8CVEL, 16527194566281304673
442.5, NXT-ZX4M-M4DS-WAKR-8FT76, 5459107205942691198
389.4, NXT-N969-VBNG-QJD9-H3S9V, 3382979820039648145
354, NXT-MAEF-Y5ND-K63M-4ZPCG, 4739400183997112479
318.6, NXT-P44H-3ZA6-TQBD-FESF3, 2356831003202076191
318.6, NXT-BVPG-7SD3-UB5N-53LY4, 14918808398506695713
265.5, NXT-8T88-RJHB-QE2X-H4TXW, 18331825077595619855
265.5, NXT-PK6M-CQDA-7UEZ-4T4CR, 11094550124507195180
185.85, NXT-WMJR-C8ET-7Z36-FVDQW, 8894032315204325815
141.6, NXT-8573-EJTH-JSWS-GH5FG, 11216348411425090360
132.75, NXT-CT63-XYBQ-UH7H-G7TJ7, 17792121803508812479
100.005, NXT-L6CZ-NX4Q-6BQH-HN88R, 16266249463046017209
88.5, NXT-RYVQ-9669-ERFC-CJKDP, 5447554292963376545
88.5, NXT-2FX9-DTXD-V9B4-DFTJQ, 12132934872685252909
88.5, NXT-RHNG-8DNX-4F76-D6XKV, 4842064725381794614
88.5, NXT-47L4-3ZFH-VP8P-2EA84, 14354970308315059478
88.5, NXT-8D65-AVB7-X8SM-2JTX4, 13116706342450474960
88.5, NXT-XCX5-2DWG-68CC-2L3WK, 4912926250197701960
88.5, NXT-6RKA-ZVFL-VBS6-7D2EP, 1325508555814101120
80.535, NXT-GX2R-LF3D-LQCL-3E45H, 7619462938324507979
70.8, NXT-YJ9K-5M9S-A5DA-EZ6HD, 17797198861345231424
53.1, NXT-EUH2-Y9LT-J54V-EPB56, 4086133215132706538
35.4, NXT-LHCG-TZRC-555R-6ERWX, 6870485457781332250
26.55, NXT-M5CC-T5HJ-RPZE-DTET2, 9738503708449496019
17.7, NXT-BAD7-238Z-2SEX-2TJ2S, 16686460351542576621
17.7, NXT-8UNC-QVL6-43W7-9KMFT, 11570822574671474600
13.275, NXT-RT65-QVK7-KVK6-GFHJR, 10869401418523353312
8.85, NXT-Q5VB-Z25V-5WG6-3HWAK, 10270646239920120825
8.85, NXT-C7HZ-P8MP-9WJ5-4SMWS, 13520747922889246460
8.85, NXT-JA4U-AH6B-N23B-8Q5TG, 15660644949711772722
------------All transactions processed------------
Title: Re: LTCshare2G: 11th Dividend = 150,500 NXT = 7.53 NXT/share = 1,070,543 NXT to date
Post by: Cryptographer on December 15, 2014, 05:36:52 am
Please take a minute to vote in this poll:

Everyone, please use the Dividends+ module in the Supernet NXT client (http://multigateway.org/) and cast your vote to this polling account for whether reinvestment should be increased for a few weeks - NXT-PQGL-M42M-PGW5-CSSHF

If you voted "No" you are done. If you voted "Yes" to increasing reinvestment, cast additional votes to these accounts:

NXT-VFUZ-H2CZ-UHHM-8ZWQG - for the % increase to reinvestment

-AND-

NXT-JLCS-2JQW-7S8S-2MG38 - for the # of weeks to use the increased rate


If the number of "No" votes is greater than 50%, things will stay the same. If >50% is yes I'll use the values from the additional votes to determine the amount and duration of the increase. Votes are weighted by the # of shares you hold.

I hope we can get a good number of votes in by tomorrow to be able to take advantage of the 35% affiliate income. I'll end the poll once more than 60% of shares are polled.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: r4Nd.m on December 15, 2014, 05:54:26 am
As the asset issuer, what do you think is the best course of action?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 15, 2014, 06:13:08 am
Im unsure about the voting process, I own 3.25% of this asset and would like to support reinvestment in the 2g shares but am unsure about how to go about it
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 15, 2014, 06:35:50 am
Payment received thank you  ;D
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: pf on December 15, 2014, 03:40:20 pm
Hey Cryptographer, when did you get your payment from LTCgear?
Did you have LTC or BTC selected as the payout coin?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 15, 2014, 04:48:43 pm
As the asset issuer, what do you think is the best course of action?

I think it would be best to reinvest 75-100% for a few weeks to increase our MH/s per share. I can pre-invest today since this is the last day for 35% affiliate income, then repay the account balance from next week's mining income.


Im unsure about the voting process, I own 3.25% of this asset and would like to support reinvestment in the 2g shares but am unsure about how to go about it

Download the SuperNET v1.3.4.3 NXT client from https://multigateway.org/user-guide/installing-the-software/ (https://multigateway.org/user-guide/installing-the-software/) if you aren't using it already, login to your NXT wallet once the blockchain is sync'd up, then go to the SuperNET tab on the left and select the "Dividends+Voting" option. Select the "Vote in Poll" button, enter the poll addresses from the previous post and hit "Initialize" then make your selection and press "Vote in Poll"  Make sure to vote in all 3 polls if you choose "Yes" to increase reinvestment.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on December 15, 2014, 05:09:59 pm
As the asset issuer, what do you think is the best course of action?

I think it would be best to reinvest 75-100% for a few weeks to increase our MH/s per share. I can pre-invest today since this is the last day for 35% affiliate income, then repay the account balance from next week's mining income.


Im unsure about the voting process, I own 3.25% of this asset and would like to support reinvestment in the 2g shares but am unsure about how to go about it

Download the SuperNET v1.3.4.3 NXT client from https://multigateway.org/user-guide/installing-the-software/ (https://multigateway.org/user-guide/installing-the-software/) if you aren't using it already, login to your NXT wallet once the blockchain is sync'd up, then go to the SuperNET tab on the left and select the "Dividends+Voting" option. Select the "Vote in Poll" button, enter the poll addresses from the previous post and hit "Initialize" then make your selection and press "Vote in Poll"  Make sure to vote in all 3 polls if you choose "Yes" to increase reinvestment.

Yes you should invest upfront to get some advantage of the affiliate income.

I don't think 60% of shares will vote. Just too much hassle to setup supernet. Maybe end poll with 33%?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 15, 2014, 05:18:07 pm
Also, make sure to close the poll and reopen it for each vote, otherwise you will only see the first 2 options. It looks like this is a minor bug in the voting module.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: samson on December 15, 2014, 05:27:07 pm
I don't get why you want to increase Hash per share when you have already sold out the initial shares.  You don't need to compete with the other assets.  The asset price fell because of people wanting to get out of your asset and into Printshop's bearmining asset.  They did this based on 1 weeks worth of dividends which he paid 15% per NXT invested.  This week will be a different story on his asset's dividend so I wouldn't worry too much.  Not to mention the volume it takes to get back to to the 145NXT share price is only 77K nxt.  That isn't very much in the grand scheme of things.  Investors want to see long term stability and they won't get that if every other week you are trying to change the reinvestment amount.  The market will set the price of the asset based on what it pays.  If people are investing in LTCshare based on what they can sell it for 3 weeks later, then they need to pick a different asset.  Sit back and let the market work.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: sadface on December 15, 2014, 05:53:18 pm
i chose this mining asset so i don't have to manage stuff like reinvesting and researching new products myself. so i'm not going to vote and i'd rather not see a vote at all. i trust your judgement, so do as you see fit imo.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: r4Nd.m on December 15, 2014, 06:23:43 pm
i chose this mining asset so i don't have to manage stuff like reinvesting and researching new products myself. so i'm not going to vote and i'd rather not see a vote at all. i trust your judgement, so do as you see fit imo.

I agree with this. I'm in for maximum long-term profitability. Whatever gets us there is fine with me.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: r4Nd.m on December 15, 2014, 06:29:41 pm
As the asset issuer, what do you think is the best course of action?

I think it would be best to reinvest 75-100% for a few weeks to increase our MH/s per share. I can pre-invest today since this is the last day for 35% affiliate income, then repay the account balance from next week's mining income.

Doing this makes a lot of sense considering the 35% affiliate income.

Edit: thanks for this kind offer. We would get the full benefit of reinvestment without having to wait the entire week
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 15, 2014, 10:40:41 pm
I don't get why you want to increase Hash per share when you have already sold out the initial shares.  You don't need to compete with the other assets.  The asset price fell because of people wanting to get out of your asset and into Printshop's bearmining asset.  They did this based on 1 weeks worth of dividends which he paid 15% per NXT invested.  This week will be a different story on his asset's dividend so I wouldn't worry too much.  Not to mention the volume it takes to get back to to the 145NXT share price is only 77K nxt.  That isn't very much in the grand scheme of things.  Investors want to see long term stability and they won't get that if every other week you are trying to change the reinvestment amount.  The market will set the price of the asset based on what it pays.  If people are investing in LTCshare based on what they can sell it for 3 weeks later, then they need to pick a different asset.  Sit back and let the market work.

I agree that we shouldn't be changing things all the time, however, boosting reinvestment for 2 weeks could make a significant impact on the long term profitability of this asset since the qASIC prices have decreased so much recently. That's why I'm taking a poll and leaving it up to the investors to decide - if the majority want to forgo dividends for a short time in order to maximize hashpower, we can do that.  This is an ideal time to do it since it is the last day to get the affiliate income of 35%, and the share multiplication will be coming in 2 weeks.

However, at this time 60% vote NOT to change anything, so it looks like things will stay the same.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on December 16, 2014, 12:36:11 am
I don't get why you want to increase Hash per share when you have already sold out the initial shares.  You don't need to compete with the other assets.  The asset price fell because of people wanting to get out of your asset and into Printshop's bearmining asset.  They did this based on 1 weeks worth of dividends which he paid 15% per NXT invested.  This week will be a different story on his asset's dividend so I wouldn't worry too much.  Not to mention the volume it takes to get back to to the 145NXT share price is only 77K nxt.  That isn't very much in the grand scheme of things.  Investors want to see long term stability and they won't get that if every other week you are trying to change the reinvestment amount.  The market will set the price of the asset based on what it pays.  If people are investing in LTCshare based on what they can sell it for 3 weeks later, then they need to pick a different asset.  Sit back and let the market work.

I agree that we shouldn't be changing things all the time, however, boosting reinvestment for 2 weeks could make a significant impact on the long term profitability of this asset since the qASIC prices have decreased so much recently. That's why I'm taking a poll and leaving it up to the investors to decide - if the majority want to forgo dividends for a short time in order to maximize hashpower, we can do that.  This is an ideal time to do it since it is the last day to get the affiliate income of 35%, and the share multiplication will be coming in 2 weeks.

However, at this time 60% vote NOT to change anything, so it looks like things will stay the same.

With 35% our kh/nxt and share value will never catch up -.-
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: r4Nd.m on December 16, 2014, 12:59:34 am
I don't get why you want to increase Hash per share when you have already sold out the initial shares.  You don't need to compete with the other assets.  The asset price fell because of people wanting to get out of your asset and into Printshop's bearmining asset.  They did this based on 1 weeks worth of dividends which he paid 15% per NXT invested.  This week will be a different story on his asset's dividend so I wouldn't worry too much.  Not to mention the volume it takes to get back to to the 145NXT share price is only 77K nxt.  That isn't very much in the grand scheme of things.  Investors want to see long term stability and they won't get that if every other week you are trying to change the reinvestment amount.  The market will set the price of the asset based on what it pays.  If people are investing in LTCshare based on what they can sell it for 3 weeks later, then they need to pick a different asset.  Sit back and let the market work.

I agree that we shouldn't be changing things all the time, however, boosting reinvestment for 2 weeks could make a significant impact on the long term profitability of this asset since the qASIC prices have decreased so much recently. That's why I'm taking a poll and leaving it up to the investors to decide - if the majority want to forgo dividends for a short time in order to maximize hashpower, we can do that.  This is an ideal time to do it since it is the last day to get the affiliate income of 35%, and the share multiplication will be coming in 2 weeks.

However, at this time 60% vote NOT to change anything, so it looks like things will stay the same.

It's admirable that you keep the investors in mind when you're making these decisions, but when a one time opportunity like this (last chance affiliate income) presents itself you should act in the best interests of the asset without taking a vote (voters might not have all the relevant information..) If people aren't happy with that they can sell their shares.. and all you're doing is making the asset more profitable long term

I hope you'll reconsider and go with the reinvestment (at least 1 week) for last chance at affiliate income.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 02:46:06 am
I don't get why you want to increase Hash per share when you have already sold out the initial shares.  You don't need to compete with the other assets.  The asset price fell because of people wanting to get out of your asset and into Printshop's bearmining asset.  They did this based on 1 weeks worth of dividends which he paid 15% per NXT invested.  This week will be a different story on his asset's dividend so I wouldn't worry too much.  Not to mention the volume it takes to get back to to the 145NXT share price is only 77K nxt.  That isn't very much in the grand scheme of things.  Investors want to see long term stability and they won't get that if every other week you are trying to change the reinvestment amount.  The market will set the price of the asset based on what it pays.  If people are investing in LTCshare based on what they can sell it for 3 weeks later, then they need to pick a different asset.  Sit back and let the market work.

I agree that we shouldn't be changing things all the time, however, boosting reinvestment for 2 weeks could make a significant impact on the long term profitability of this asset since the qASIC prices have decreased so much recently. That's why I'm taking a poll and leaving it up to the investors to decide - if the majority want to forgo dividends for a short time in order to maximize hashpower, we can do that.  This is an ideal time to do it since it is the last day to get the affiliate income of 35%, and the share multiplication will be coming in 2 weeks.

However, at this time 60% vote NOT to change anything, so it looks like things will stay the same.

It's admirable that you keep the investors in mind when you're making these decisions, but when a one time opportunity like this (last chance affiliate income) presents itself you should act in the best interests of the asset without taking a vote (voters might not have all the relevant information..) If people aren't happy with that they can sell their shares.. and all you're doing is making the asset more profitable long term

I hope you'll reconsider and go with the reinvestment (at least 1 week) for last chance at affiliate income.

Perhaps, we'll see. He's extended the affiliate to the 17th
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: blackyblack1 on December 16, 2014, 06:37:19 am
Perhaps, we'll see. He's extended the affiliate to the 17th
Ok, I changed my mind. I vote for reinvesting more to use affilate program.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: kyma on December 16, 2014, 08:14:32 am
what's the math say? what is the rate of change of the difficulty?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 10:14:16 am
what's the math say? what is the rate of change of the difficulty?

The rate of change of difficulty is constantly changing at an unpredictable rate  :P

Anyway, it's gone up quickly recently.

By the way - people who bought at 70 NXT have now come within 2 NXT of complete ROI from dividend payments alone, 2 weeks ahead of my predictions! (https://docs.google.com/spreadsheets/d/1_cE_adzc_nrsKvKJjUpDTbrXLx0ZbI511-hBMYHAB4s/edit?usp=sharing) Not bad at all.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on December 16, 2014, 03:39:32 pm
I appreciate your efforts of being an transparent asset manager, but the voting thing needs some development. Most of the people dont use SuperNet and just go with the flow.

I think you could do a decision about re-investing by yourself.  :) I know, you want to listen to all the investors, but you cant have like Apple, which is run by the masses. Someone has to be the SteveJobs, who fires the dickheads, makes the brutal decisions and takes the wrath of angry forum people. Also, the multiplication would bring extra benefit to re-investing now.

I calculated that if the price per share, is like 100 NXT, and the dividend was 9 NXT... Isnt that 12% weekly profit? Thus making the asset a good buy.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on December 16, 2014, 04:03:32 pm
I appreciate your efforts of being an transparent asset manager, but the voting thing needs some development. Most of the people dont use SuperNet and just go with the flow.

I think you could do a decision about re-investing by yourself.  :) I know, you want to listen to all the investors, but you cant have like Apple, which is run by the masses. Someone has to be the SteveJobs, who fires the dickheads, makes the brutal decisions and takes the wrath of angry forum people. Also, the multiplication would bring extra benefit to re-investing now.

I calculated that if the price per share, is like 100 NXT, and the dividend was 9 NXT... Isnt that 12% weekly profit? Thus making the asset a good buy.

Yes, this is a good point: Most of the people don't use SuperNet, so we cannot expected too high amount of voting people over all.

I assume that temporarily increasing of reinvestment (due to affiliate program) is good idea, but in my opinion 50-60% (from current 35%) is optimal, 100% would be too risky, as nobody exactly knows, what will happened with LTCgear, mining profit, etc...in the near future.

But, regardless of the above, I agree with hurrikaani -- Zack is the brave man, he's doing an excellent job from the beginning till now. And he'll do the same in the future, I'm really sure ;-). So, let's _he_ finally decides about the best solution for this asset, and it means for all of us, shareholders.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on December 16, 2014, 04:43:39 pm
I appreciate your efforts of being an transparent asset manager, but the voting thing needs some development. Most of the people dont use SuperNet and just go with the flow.

I think you could do a decision about re-investing by yourself.  :) I know, you want to listen to all the investors, but you cant have like Apple, which is run by the masses. Someone has to be the SteveJobs, who fires the dickheads, makes the brutal decisions and takes the wrath of angry forum people. Also, the multiplication would bring extra benefit to re-investing now.

+1
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 07:14:45 pm
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)

Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on December 16, 2014, 07:35:36 pm
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)

Fantastic and the right decision as far as I am concerned, thank you very much and enjoy the holiday, a merry happymass to all.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: pf on December 16, 2014, 08:35:22 pm
You do realize that Chris hasn't even paid out most people for last week yet, right?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 08:39:02 pm
You do realize that Chris hasn't even paid out most people for last week yet, right?

Most people? Only a few people are left to be paid and he's been making payments steadily.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: pf on December 16, 2014, 08:40:46 pm
You do realize that Chris hasn't even paid out most people for last week yet, right?

Most people? Only a few people are left to be paid and he's been making payments steadily.
Check out #LTCGear
There's literally hundreds of BTC still outstanding, at least 40-50+ people haven't been paid yet.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: garp on December 16, 2014, 08:46:36 pm
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)

A vote was announced saying no vote would be a vote for no change.
I did not want any change, so did not bother to vote.
Now you announce to change 100%.

A big value of your asset is the weekly income. I understand it's for the benefit of next weeks. But still, it's a change of plans I don't appreciate.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 09:23:34 pm
You do realize that Chris hasn't even paid out most people for last week yet, right?

Most people? Only a few people are left to be paid and he's been making payments steadily.
Check out #LTCGear
There's literally hundreds of BTC still outstanding, at least 40-50+ people haven't been paid yet.

Well, by LTCgear standards, that's "a few" not "most"
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 16, 2014, 09:24:23 pm
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)

A vote was announced saying no vote would be a vote for no change.
I did not want any change, so did not bother to vote.
Now you announce to change 100%.

A big value of your asset is the weekly income. I understand it's for the benefit of next weeks. But still, it's a change of plans I don't appreciate.

We are only losing 1 week of mining income while increasing hashpower by over 20%. I think it is well worth it in the long run.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 17, 2014, 09:53:43 pm
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)

A vote was announced saying no vote would be a vote for no change.
I did not want any change, so did not bother to vote.
Now you announce to change 100%.

A big value of your asset is the weekly income. I understand it's for the benefit of next weeks. But still, it's a change of plans I don't appreciate.

FYI - 60% voted to increase reinvestment, and the majority of those (80%) voted for 2 weeks of 100% reinvestment.  I never said not voting is a vote for no change, I said if you vote not to increase reinvestment in the first poll, don't bother voting in the second and third polls that ask how much and how long.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 18, 2014, 05:41:42 am
Ok, decision made... I've purchased an additional 9000 shares at a cost of 7.273 BTC, giving us a balance of -9.8466 in the reinvestment fund. This week's dividends will be skipped, to resume on 12/26. The mining income and affiliate income from this week will be used to buy more shares and repay the negative balance in the account.


We are now at 11.885 GH/s.  That's 594.25 KH/s per share, the highest of any NXT mining asset

(http://i.imgur.com/cABPFdR.jpg)  I own 3.25% and I did not vote but I support this decision 100% look forward to more updates

A vote was announced saying no vote would be a vote for no change.
I did not want any change, so did not bother to vote.
Now you announce to change 100%.

A big value of your asset is the weekly income. I understand it's for the benefit of next weeks. But still, it's a change of plans I don't appreciate.

FYI - 60% voted to increase reinvestment, and the majority of those (80%) voted for 2 weeks of 100% reinvestment.  I never said not voting is a vote for no change, I said if you vote not to increase reinvestment in the first poll, don't bother voting in the second and third polls that ask how much and how long.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 20, 2014, 03:48:39 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal! Good opportunity for smart traders to double or triple their investment in a week or two.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 20, 2014, 03:50:18 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: cexylikepie on December 20, 2014, 11:48:14 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 20, 2014, 11:50:03 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: cexylikepie on December 20, 2014, 12:22:23 pm
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Dude, I literally asked you like 2 weeks ago if you thought ltcgear was a scam and you said no.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: blackyblack1 on December 20, 2014, 12:23:20 pm
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Dude, I literally asked you like 2 weeks ago if you thought ltcgear was a scam and you said no.
Try ask him again :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: printshop on December 20, 2014, 12:33:20 pm
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Theoretically he would do a run of say 1,000 units, and set them all up to mine. Then sell them off individually. I doubt he would just leave units on the shelf until people buy them. He probably makes a lot while they're mining and before they are sold.

The fact that he has advertised a 2nd generation which can switch algorithms means we will see proof pudding that the ASICs are real, and we'll be able to judge the approximate hash power in 2nd gen. by watching the difficulty of various coins.

If he was running a scam, I sincerely doubt he would advertise a product that could do that because it would reveal his hand. Right now there are a lot of sales being driven by the 2nd gen. products. You would have expected him to announce (merely) a hash power/cost upgrade if he was running a scam. Actually, the plan he has for 2nd gen. seems to make sense and is something you would expect to see from someone who is really manufacturing boards.

It could just be an elaborate scam, but we will find out when we see difficulty moving between coins or not. My money is on it being legitimate. For now, of course :) If you doubt otherwise there are ways to structure your investment portfolio to limit your risk. Just invest a little and then reinvest half your income, for example.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: RAlex on December 20, 2014, 01:02:33 pm
The fact that he has advertised a 2nd generation which can switch algorithms means we will see proof pudding that the ASICs are real, and we'll be able to judge the approximate hash power in 2nd gen. by watching the difficulty of various coins.
Unless you want to give people false sense of security of cause.
The fact is we have no idea what Chris is doing. Latest move of 49% off can certainly scare some reasonably minded individuals (as I remember correctly it was 35% "last" last time). As you all know Christmas is coming (new super discounts with DB glitches?), then New Year after that....

Look, the FACTs we know for sure are:

What about the rest of the assets here, other LTCGear users claiming 50BTC/week income? We just have insufficient information to make solid conclusion.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 20, 2014, 01:03:01 pm
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Dude, I literally asked you like 2 weeks ago if you thought ltcgear was a scam and you said no.
I still dont think it is a scam. Probably more some sort of production issue and nobody got me the numbers as to what percentage of LTC hashrate LTCgear represents, so it is possible the drop is due to other miners abandoning LTC due to it not being cost effective as a consequence of LTCgear ramp up.

so the chart either enforces the position that LTCgear is deploying all the ASICS or the opposite, or neither. Depending on the overall hashrate data and some other things that are unknowable.

James
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 20, 2014, 01:07:13 pm
The fact that he has advertised a 2nd generation which can switch algorithms means we will see proof pudding that the ASICs are real, and we'll be able to judge the approximate hash power in 2nd gen. by watching the difficulty of various coins.
Unless you want to give people false sense of security of cause.
The fact is we have no idea what Chris is doing. Latest move of 49% off can certainly scare some reasonably minded individuals (as I remember correctly it was 35% "last" last time). As you all know Christmas is coming (new super discounts with DB glitches?), then New Year after that....

Look, the FACTs we know for sure are:
  • Use James's shortcut:        Current LTC Hashrate(?): 1,491 GH/s
  • HRLTCGEAR owns ~27.5+GH
  • Do guys really think pf owns 27.5/1491=1,8% of the entire hashpower?

What about the rest of the assets here, other LTCGear users claiming 50BTC/week income? We just have insufficient information to make solid conclusion.
these numbers could indicate the overall LTC hashrate is dropping due to LTC gear making it less cost effective for them. if pf owns 1.8% of all LTC hashpower, then probably 3% for all the LTCgear assets. Now if LTCgear is around 30%, that could make the numbers workout.

so many variables, the key one is what is LTCgears total hashrate supposed to be. If it is more than 75% of total, then not good.

James
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 20, 2014, 01:09:37 pm
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Theoretically he would do a run of say 1,000 units, and set them all up to mine. Then sell them off individually. I doubt he would just leave units on the shelf until people buy them. He probably makes a lot while they're mining and before they are sold.

The fact that he has advertised a 2nd generation which can switch algorithms means we will see proof pudding that the ASICs are real, and we'll be able to judge the approximate hash power in 2nd gen. by watching the difficulty of various coins.

If he was running a scam, I sincerely doubt he would advertise a product that could do that because it would reveal his hand. Right now there are a lot of sales being driven by the 2nd gen. products. You would have expected him to announce (merely) a hash power/cost upgrade if he was running a scam. Actually, the plan he has for 2nd gen. seems to make sense and is something you would expect to see from someone who is really manufacturing boards.

It could just be an elaborate scam, but we will find out when we see difficulty moving between coins or not. My money is on it being legitimate. For now, of course :) If you doubt otherwise there are ways to structure your investment portfolio to limit your risk. Just invest a little and then reinvest half your income, for example.
I sense more business difficulties than scam

I have absolute 0 of any LTCgear assets other than ancient farmshares I bought a year ago. Some indirect effect as HRNXTpool owns HRLTCgear assets and I own HRNXTpool

James
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: CryptoGuu on December 20, 2014, 03:08:09 pm
The fact that he has advertised a 2nd generation which can switch algorithms means we will see proof pudding that the ASICs are real, and we'll be able to judge the approximate hash power in 2nd gen. by watching the difficulty of various coins.
Unless you want to give people false sense of security of cause.
The fact is we have no idea what Chris is doing. Latest move of 49% off can certainly scare some reasonably minded individuals (as I remember correctly it was 35% "last" last time). As you all know Christmas is coming (new super discounts with DB glitches?), then New Year after that....

Look, the FACTs we know for sure are:
  • Use James's shortcut:        Current LTC Hashrate(?): 1,491 GH/s
  • HRLTCGEAR owns ~27.5+GH
  • Do guys really think pf owns 27.5/1491=1,8% of the entire hashpower?

What about the rest of the assets here, other LTCGear users claiming 50BTC/week income? We just have insufficient information to make solid conclusion.
these numbers could indicate the overall LTC hashrate is dropping due to LTC gear making it less cost effective for them. if pf owns 1.8% of all LTC hashpower, then probably 3% for all the LTCgear assets. Now if LTCgear is around 30%, that could make the numbers workout.

so many variables, the key one is what is LTCgears total hashrate supposed to be. If it is more than 75% of total, then not good.

James

Are you sure that he is only mining LTC? He could definitely mining something else and only pay us in LTC/BTC. That could be also an indicator for that he never delivered pics to us.

You can look how much he have sold here: http://ltcgeartracker.com/

340 * 300MH/s in the last 24h. That's about 7.5% of total LTC hash power.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 21, 2014, 12:47:58 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal! Good opportunity for smart traders to double or triple their investment in a week or two.

Yeah, oops typo - by 100 MH/s I meant 100 KH/s :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 21, 2014, 01:01:55 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Well, lets assume LTCgear does have all this mining hardware. If it were me, I would definitely not just mine LTC with it. I'd spread the hashpower out over the top 10 most profitable scrypt coins as long as they had a large enough volume to handle it, and point some hashpower at Nicehash, merged mine with Dogecoin, etc.  If mining profitability of LTC goes down, move some hashpower to more profitable coins for a while. Convert to LTC/BTC to make payments, and keep the difference as profit.

At the very least he's got to be merged mining LTC/Doge, I mean, why the hell wouldn't you? It basically doubles your mining profit. Chris could probably get the entire weekly mining income with about half the hashpower of what he's sold.

Also, as printshop mentioned, he's definitely had a huge amount of hashpower going the entire time, and just gradually sells off the shares, so you're not going to see a difficulty spike when a big chunk of shares get sold.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 21, 2014, 01:03:51 am
And by the way, there are people who own over 200 GH/s of LTCgear shares, so don't go thinking that these mining assets are big fish in the pond :P
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on December 21, 2014, 01:14:34 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Well, lets assume LTCgear does have all this mining hardware. If it were me, I would definitely not just mine LTC with it. I'd spread the hashpower out over the top 10 most profitable scrypt coins as long as they had a large enough volume to handle it, and point some hashpower at Nicehash, merged mine with Dogecoin, etc.  If mining profitability of LTC goes down, move some hashpower to more profitable coins for a while. Convert to LTC/BTC to make payments, and keep the difference as profit.

At the very least he's got to be merged mining LTC/Doge, I mean, why the hell wouldn't you? It basically doubles your mining profit. Chris could probably get the entire weekly mining income with about half the hashpower of what he's sold.

Also, as printshop mentioned, he's definitely had a huge amount of hashpower going the entire time, and just gradually sells off the shares, so you're not going to see a difficulty spike when a big chunk of shares get sold.
good point about it already been deployed from day 1 (which is some weeks ago)
I always thought Chris's "game" was to keep the DOGE for free from the merge mining
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 21, 2014, 01:22:05 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Well, lets assume LTCgear does have all this mining hardware. If it were me, I would definitely not just mine LTC with it. I'd spread the hashpower out over the top 10 most profitable scrypt coins as long as they had a large enough volume to handle it, and point some hashpower at Nicehash, merged mine with Dogecoin, etc.  If mining profitability of LTC goes down, move some hashpower to more profitable coins for a while. Convert to LTC/BTC to make payments, and keep the difference as profit.

At the very least he's got to be merged mining LTC/Doge, I mean, why the hell wouldn't you? It basically doubles your mining profit. Chris could probably get the entire weekly mining income with about half the hashpower of what he's sold.

Also, as printshop mentioned, he's definitely had a huge amount of hashpower going the entire time, and just gradually sells off the shares, so you're not going to see a difficulty spike when a big chunk of shares get sold.
good point about it already been deployed from day 1 (which is some weeks ago)
I always thought Chris's "game" was to keep the DOGE for free from the merge mining

Yeah, totally, but he's also probably mining several other coins and selling for BTC/LTC. Whatever is most profitable... he's no dummy
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: cexylikepie on December 21, 2014, 01:23:38 am
Holy crap, someone is selling shares at below 50 NXT each! That is insane! That's like, 8 NXT per 100 MH/s, hell of a deal right there!
unless it isnt 100MH

What do you mean by that?
If all this money is being used by LTCgear to deploy new ASICS, shouldnt the hashrate for LTC be going up?

https://bitcoinwisdom.com/litecoin/difficulty

Well, lets assume LTCgear does have all this mining hardware. If it were me, I would definitely not just mine LTC with it. I'd spread the hashpower out over the top 10 most profitable scrypt coins as long as they had a large enough volume to handle it, and point some hashpower at Nicehash, merged mine with Dogecoin, etc.  If mining profitability of LTC goes down, move some hashpower to more profitable coins for a while. Convert to LTC/BTC to make payments, and keep the difference as profit.

At the very least he's got to be merged mining LTC/Doge, I mean, why the hell wouldn't you? It basically doubles your mining profit. Chris could probably get the entire weekly mining income with about half the hashpower of what he's sold.

Also, as printshop mentioned, he's definitely had a huge amount of hashpower going the entire time, and just gradually sells off the shares, so you're not going to see a difficulty spike when a big chunk of shares get sold.
good point about it already been deployed from day 1 (which is some weeks ago)
I always thought Chris's "game" was to keep the DOGE for free from the merge mining

Honestly, that's how Ive been thinking he makes it all
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 21, 2014, 08:32:45 am
If we are all earning nicely and Chris earns  a lot more Im fine with that, payouts in from ltcgear are due in about 2 hours hope for the best :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 21, 2014, 05:52:48 pm
If we are all earning nicely and Chris earns  a lot more Im fine with that, payouts in from ltcgear are due in about 2 hours hope for the best :)

Same here, at the price he is selling these things, it definitely doesn't bother me if he is making extra. Looks like payments have been delayed again, some people have received payments but we are still waiting. Hopefully soon :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 21, 2014, 09:09:55 pm
Received payment in LTC which is another reason why I was one of the last to get paid it was a sweat but Chris Came through for us
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 22, 2014, 08:17:31 am
No payment yet this week, hopefully tomorrow.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 22, 2014, 11:41:00 pm
I thought this weeks dividends where going to be reinvested
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 23, 2014, 12:11:53 am
I thought this weeks dividends where going to be reinvested
Correct, I'm saying we haven't gotten our payment from LTCgear yet
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: pf on December 23, 2014, 04:17:51 pm
it's a very interesting thought that chris could be one of the big contributors to nicehash
i hadn't thought of that
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 24, 2014, 07:48:38 am
Any update on the situation?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on December 26, 2014, 01:58:53 am
There is big increase with estimated difficulty of LTC (current difficulty: 52327, estimated: ~ 60400), does somebody know, why ? (LTC is stagnating or partially falling in price). But change of difficulty would happen after day and a half, so I suppose this week is/will our mining in "favorable difficulty zone", isn't ? Anyway, Zack, do you have some approximate info, what will be mining ratio / dividends per share for this week (considering of 100% reinvestment last week) ? Thanx!
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: JanSako on December 26, 2014, 12:53:04 pm
He can't reinvest anything if he did not get paid... not sure if the asset could have gotten paid in shares like Bearmining. In that case the "reinvestment" happened & I stand corrected.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 26, 2014, 04:57:37 pm
A reply would be apreciated soon
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: kyma on December 27, 2014, 12:01:05 am
you all should note that the LTCGear website say's they are migrating servers and doing maintenance... seems like they plan to be up and running soon.

Quote
Server got moved to a different provider.

Not all services are restored, some will be returned tomorrow (as for example, X11 mods and dual mods are not yet visible, same with 2fa).

Please visit your account page and verify your LTC/BTC addresses.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: mallorcaman on December 27, 2014, 05:53:02 am
you all should note that the LTCGear website say's they are migrating servers and doing maintenance... seems like they plan to be up and running soon.

Quote
Server got moved to a different provider.

Not all services are restored, some will be returned tomorrow (as for example, X11 mods and dual mods are not yet visible, same with 2fa).

Please visit your account page aIt was found that unauthorised modifications were performed on old servers database. Modifications were performed in such manner to make them undistinguishable from legitimate operations.
Alterations are present in recent database backups too.

In order analyse and clean the database, initiate procedures to identify the sources of alterations and to migrate service from weekly payouts to balance per user and pay on demand, payout, multiplication or other operations will be delayed for a week.

No support via e-mail will be available before analysys is finished.
A support form to report missing payouts shares or orders will be available tomorrow.nd verify your LTC/BTC addresses.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on December 27, 2014, 06:45:16 am
Quote
Quote from: ltcgear.com

http://ltcgear.com/

Database alteration

It was found that unauthorised modifications were performed on old servers database. Modifications were performed in such manner to make them undistinguishable from legitimate operations.
Alterations are present in recent database backups too.

In order analyse and clean the database, initiate procedures to identify the sources of alterations and to migrate service from weekly payouts to balance per user and pay on demand, payout, multiplication or other operations will be delayed for a week.

No support via e-mail will be available before analysys is finished.
A support form to report missing payouts shares or orders will be available tomorrow.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on December 28, 2014, 02:43:25 am
Quote
Quote from: ltcgear.com

http://ltcgear.com/

Database alteration

It was found that unauthorised modifications were performed on old servers database. Modifications were performed in such manner to make them undistinguishable from legitimate operations.
Alterations are present in recent database backups too.

In order analyse and clean the database, initiate procedures to identify the sources of alterations and to migrate service from weekly payouts to balance per user and pay on demand, payout, multiplication or other operations will be delayed for a week.

No support via e-mail will be available before analysys is finished.
A support form to report missing payouts shares or orders will be available tomorrow.

Huh, what does it mean ? Does anybody have some additional info? I hope it's really "just" technical troubles, but with the current experiences of nXtGen mining boys (they're probably lost their business, no communication for more than month, no dividends for more than month...), any issues of this kind sound somewhat unsettling.

Anyway, Zack, do we have a more detailed statistics about (our share of) LTCgear mining in last week? In other words, do we know how much Chris will pay you the dividends for the past week, when / if the payment process will back into operation ? Thank you!
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on December 28, 2014, 08:28:36 am
I also would appreciate update on the situation on the behalf of Cryptographer. I hope he has not driven off a cliff with his mountainbike.  :(
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on December 28, 2014, 04:28:15 pm
I also would appreciate update on the situation on the behalf of Cryptographer. I hope he has not driven off a cliff with his mountainbike.  :(

ltcgear.com is completely down now (just "502 Bad gateway" error message here) :-(
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on December 28, 2014, 07:09:50 pm
ltcgear.com is completely down now (just "502 Bad gateway" error message here) :-(

Below might explain why the site was down.

Quote


Quote from ltcgear.com

Server maintenance
To cope with high server load, server will go under maintenance Sunday for an upgrade. ETA will be announced later.

Thank You,
Chris

It was back up last time I looked.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on December 29, 2014, 12:18:23 am
Hey guys, latest word from LTCgear is we are waiting until next week for payments. If everything is fixed by then we should be getting 3 weeks worth of payouts which will make for a nice fat dividend.

Chris posted this 2 days ago -

"It was found that unauthorised modifications were performed on old servers database. Modifications were performed in such manner to make them undistinguishable from legitimate operations.
Alterations are present in recent database backups too.

In order analyse and clean the database, initiate procedures to identify the sources of alterations and to migrate service from weekly payouts to balance per user and pay on demand, payout, multiplication or other operations will be delayed for a week.

No support via e-mail will be available before analysys is finished.
A support form to report missing payouts shares or orders will be available tomorrow."

Hopefully everything gets back on track when that happens. In the meantime, looks like a lot of people are panicking and dumping shares for super cheap, so if you are ballsy you can make some good moves right now.   Hope everyone is enjoying the holidays and soon we should see things return to normal.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: luggi5711 on December 29, 2014, 07:34:14 am
Now you can submit a ticket for missing orders/payouts here:

ltcgear.com/support/
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 02, 2015, 10:57:08 am
Hey guys, latest word from LTCgear is we are waiting until next week for payments. If everything is fixed by then we should be getting 3 weeks worth of payouts which will make for a nice fat dividend.

Chris posted this 2 days ago -

"It was found that unauthorised modifications were performed on old servers database. Modifications were performed in such manner to make them undistinguishable from legitimate operations.
Alterations are present in recent database backups too.

In order analyse and clean the database, initiate procedures to identify the sources of alterations and to migrate service from weekly payouts to balance per user and pay on demand, payout, multiplication or other operations will be delayed for a week.

No support via e-mail will be available before analysys is finished.
A support form to report missing payouts shares or orders will be available tomorrow."

Hopefully everything gets back on track when that happens. In the meantime, looks like a lot of people are panicking and dumping shares for super cheap, so if you are ballsy you can make some good moves right now.   Hope everyone is enjoying the holidays and soon we should see things return to normal.

Probably they panicking again, today we can see trades at 40NXT/share. Anyway, Zack, do you have some news from Chris/LTCgear, will be payout (from him) today or thru the weekend? Do we have estimates for this week and statistics (of mining ratio, etc.) for the last two weeks?

Thanx & have a nice year 2015 (not just) for all the miners :-)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 02, 2015, 12:44:01 pm
I dont rly understand the panic sellers. If LTCGear was a ponzi or something, why would they bother keeping website etc. up?

But yeah, i'm not sure how much will we get paid/if we get paid this weekend. There is alot of people who havent been paid and also the multiplication is still unode.

Btw. Something i wondered, if LTCGear pays all the dividends at once, wouldnt this crash the price of LTC pretty hard?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: weekendwarrior on January 02, 2015, 03:56:11 pm
I dont rly understand the panic sellers. If LTCGear was a ponzi or something, why would they bother keeping website etc. up?


they are stil taking payments. the website running is necessary to continue to perpetuate the fraud for as long as possible.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 02, 2015, 05:14:40 pm
I dont rly understand the panic sellers. If LTCGear was a ponzi or something, why would they bother keeping website etc. up?


they are stil taking payments. the website running is necessary to continue to perpetuate the fraud for as long as possible.

And this opinion is based on what evidence...?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 02, 2015, 11:00:34 pm
Hoping that payouts resume this week. By the way, I've submitted support tickets for our missing payments.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 03, 2015, 03:49:42 am
Here is the latest post from Chris on the LTCgear website:

"As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Monday, Dec 5."

Pretty sure he means Monday Jan 5th :)  So, I expect to be able to withdraw about 35-40 BTC on Monday and make a nice dividend payment covering the past few weeks of missing payouts. I'd guess something like 25 NXT per share.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on January 03, 2015, 06:58:47 am
In the event of litecoin dying, can the ltcgear hardware be used to mine another coin?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: th4o on January 03, 2015, 10:07:07 am
I'm sure he can mine other scrypt coins
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: nxt2me on January 04, 2015, 06:07:08 pm
In the event of litecoin dying, can the ltcgear hardware be used to mine another coin?

From what I've read, yes.

The hardware supports scrypt (Litecoin and Feathercoin), scrypt N (Vertocoin) and X11 (Darkcoin).

Also any other coin that supports these algos.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 04, 2015, 09:04:27 pm
Someone just sold at 26 NXT / Share.  :o
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on January 05, 2015, 10:21:56 am
Here is the latest post from Chris on the LTCgear website:

"As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Monday, Dec 5."

Pretty sure he means Monday Jan 5th :)  So, I expect to be able to withdraw about 35-40 BTC on Monday and make a nice dividend payment covering the past few weeks of missing payouts. I'd guess something like 25 NXT per share.

Date changed, here is the latest update from Chris on the LTCgear website:.

Quote
From ltcgear.com

As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Tue, Jan 6 (typo fixed – year change was not counted).
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 05, 2015, 10:56:33 am
Here is the latest post from Chris on the LTCgear website:

"As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Monday, Dec 5."

Pretty sure he means Monday Jan 5th :)  So, I expect to be able to withdraw about 35-40 BTC on Monday and make a nice dividend payment covering the past few weeks of missing payouts. I'd guess something like 25 NXT per share.

Date changed, here is the latest update from Chris on the LTCgear website:.

Quote
From ltcgear.com

As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Tue, Jan 6 (typo fixed – year change was not counted).

Another delay? This looks like a little bit strange (after all these "DB hack or what", etc.), isn't ?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 06, 2015, 03:34:59 pm
So, any fresh today's info from LTCgear ?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 06, 2015, 04:57:28 pm
Waiting for newest delay.  :)

Ps. People at the www.ltcgeartalk.net are getting pretty angry. Threatening to post personal info about Chris.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 06, 2015, 11:16:14 pm
Here is the latest post from Chris on the LTCgear website:

"As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Monday, Dec 5."

Pretty sure he means Monday Jan 5th :)  So, I expect to be able to withdraw about 35-40 BTC on Monday and make a nice dividend payment covering the past few weeks of missing payouts. I'd guess something like 25 NXT per share.

Do you still expect this amount, Zack ? And, anyway, did you try to contact Chris / LTCgear or do you have some "internal info" from there ? Is already Wednesday 7th (everywhere except America), so next delay is here...or ?

The situation is somewhat unclear.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: frohlocke on January 06, 2015, 11:21:19 pm
Farm Payments

UPDATE: moving to user balances and withdraw on demand will become live Jan 7 due to technical reasons.
As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Tue, Jan 6 (typo fixed – year change was not counted).
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 07, 2015, 02:42:59 am
Here is the latest post from Chris on the LTCgear website:

"As a reminder, the weekly payments were moved to balance per user and pay on demand, which will become live Monday, Dec 5."

Pretty sure he means Monday Jan 5th :)  So, I expect to be able to withdraw about 35-40 BTC on Monday and make a nice dividend payment covering the past few weeks of missing payouts. I'd guess something like 25 NXT per share.

Do you still expect this amount, Zack ? And, anyway, did you try to contact Chris / LTCgear or do you have some "internal info" from there ? Is already Wednesday 7th (everywhere except America), so next delay is here...or ?

The situation is somewhat unclear.

Yes I'm expecting something along those lines. We should be receiving 3 weeks worth of payouts. I'm hoping it's just a matter of time until Chris sorts everything out and we able to start withdrawing payments from the account. Things have been delayed another day according to today's post on LTCgear. I've tried emailing but haven't gotten a reply.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: weekendwarrior on January 07, 2015, 10:30:08 am
the party's over
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whale on January 07, 2015, 11:42:50 am
Interesting interview cryptographer. I guess we know now who was right.

(http://i.imgur.com/OMcr5DP.png)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: blackyblack1 on January 07, 2015, 12:27:08 pm
Interesting interview cryptographer. I guess we know now who was right.
Do yo remember the ratings for ltc2nxt and hrltcgear?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Wakasaki808 on January 07, 2015, 11:46:17 pm
for anyone that's curious...some poster on litecointalk got a reply from Chris. The post is located on https://litecointalk.org/index.php?topic=6401.10740

Text:

I just got a personal E-mail from Beekeeper.  I inquired about payouts and he responded with the following.

Hi,

Please wait one or two days more until user balance becomes live. The database and backups were scrambled by hackers and it required a huge amount of work to discriminate legit payments. Also, every Friday (when weekly payment were scheduled) including last Friday they attacked web site by various methods and exploits for simple reason to block payment procedure.

Kind Regards,
Chris



Image of the E-mail:
(https://images.weserv.nl/?w=800&url=i.imgur.com/KFHQzrO.jpg&fnr)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: weekendwarrior on January 08, 2015, 04:10:53 pm
chris is probably not coming back. time to prepare for that evntuality
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 09, 2015, 03:38:54 am
chris is probably not coming back. time to prepare for that evntuality

https://litecointalk.org/index.php?topic=24209.0

Still there is some hope, but yeah, agree, the situation is really strange. I'm really not able to understand, why there cannot be continuously updating info on mainpage ltcgear.com. Or is it an intention? God knows.

Zack, do you have some remaining amount in the "fund", or everything has been re-invested before a Christmas? Why I'm asking -- if LTCgear will be definitively dead, what about buying / building up the hashing power somewhere else (somebody on litecointalk.org suggested havelock) ? Or building and running "our own" ASIC miners? Yes, it would be a "slow start" with small payment at the beginning, but we can preserve the same NXT asset name/amount/ratio_between_us, the same (very reasonable, IMHO) model of reinvesting (65%:35%), etc. It would be hard, but I think it's still better than just sit and cry.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on January 09, 2015, 03:42:49 am
chris is probably not coming back. time to prepare for that evntuality

https://litecointalk.org/index.php?topic=24209.0

Still there is some hope, but yeah, agree, the situation is really strange. I'm really not able to understand, why there cannot be continuously updating info on mainpage ltcgear.com. Or is it an intention? God knows.

Zack, do you have some remaining amount in the "fund", or everything has been re-invested before a Christmas? Why I'm asking -- if LTCgear will be definitively dead, what about buying / building up the hashing power somewhere else (somebody on litecointalk.org suggested havelock) ? Or building and running "our own" ASIC miners? Yes, it would be a "slow start" with small payment at the beginning, but we can preserve the same NXT asset name/amount/ratio_between_us, the same (very reasonable, IMHO) model of reinvesting (65%:35%), etc. It would be hard, but I think it's still better than just sit and cry.

+1
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 10, 2015, 03:38:40 pm
chris is probably not coming back. time to prepare for that evntuality

https://litecointalk.org/index.php?topic=24209.0

Still there is some hope, but yeah, agree, the situation is really strange. I'm really not able to understand, why there cannot be continuously updating info on mainpage ltcgear.com. Or is it an intention? God knows.

Zack, do you have some remaining amount in the "fund", or everything has been re-invested before a Christmas? Why I'm asking -- if LTCgear will be definitively dead, what about buying / building up the hashing power somewhere else (somebody on litecointalk.org suggested havelock) ? Or building and running "our own" ASIC miners? Yes, it would be a "slow start" with small payment at the beginning, but we can preserve the same NXT asset name/amount/ratio_between_us, the same (very reasonable, IMHO) model of reinvesting (65%:35%), etc. It would be hard, but I think it's still better than just sit and cry.

+1

Zack? Anyway, do you have some informations/news/suggestions for us ?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 12, 2015, 03:50:56 pm
chris is probably not coming back. time to prepare for that evntuality

https://litecointalk.org/index.php?topic=24209.0

Still there is some hope, but yeah, agree, the situation is really strange. I'm really not able to understand, why there cannot be continuously updating info on mainpage ltcgear.com. Or is it an intention? God knows.

Zack, do you have some remaining amount in the "fund", or everything has been re-invested before a Christmas? Why I'm asking -- if LTCgear will be definitively dead, what about buying / building up the hashing power somewhere else (somebody on litecointalk.org suggested havelock) ? Or building and running "our own" ASIC miners? Yes, it would be a "slow start" with small payment at the beginning, but we can preserve the same NXT asset name/amount/ratio_between_us, the same (very reasonable, IMHO) model of reinvesting (65%:35%), etc. It would be hard, but I think it's still better than just sit and cry.

+1

Zack? Anyway, do you have some informations/news/suggestions for us ?

Hi, sorry for the slow updates, I've been out of town for a few weeks.

In any case, unfortunately there is no money in the LTC2G reinvestment fund, we are actually at a negative balance of about 10 BTC because I borrowed from my personal funds to reinvest more for the asset. At this time I think the only thing we can do is sit tight and wait for payout from LTCgear, hopefully it's just a matter of time before that happens.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: samson on January 13, 2015, 01:48:28 am
Performing payment system upgrade. ETA 23:00 UTC Jan 13 .  Hopefully tomorrow then!
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 13, 2015, 04:53:12 pm
Performing payment system upgrade. ETA 23:00 UTC Jan 13 .  Hopefully tomorrow then!

Yes, hopefully. But how many of these "re-scheduled announcements" we already can see (on ltcgear.com) in the last days ? I'm really curious, what (if any) will happen tomorrow...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 14, 2015, 09:50:24 am
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on January 14, 2015, 04:34:21 pm
https://www.cryptovenue.com/ltcgpayouts/
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 14, 2015, 04:57:21 pm
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

I'd like to have the same "thinking", but I'm losing my faith with each other "rescheduled delay" on ltcgear.com. Current info is "Performing payment system upgrade. ETA 16:00 UTC Jan 14" - this time already was, and still nothing happened. So, maybe is Chris really hard-hard-working and he hasn't time to explain the situation more precisely (or he generally doesn't like to speak with people) -- very strange, but this is still the better scenario. The worse one is, that all these rescheduled delay labels are generated by script, and allow Chris to sell all LTC / BTC and disappear somewhere far away in South-east Asia. Who knows ?

Zack, do you have some news/inside infos, or something like this ? Anyway, did you try to e-mail to Chris or "LTCgear support address", and if yes, is there any answer to you ?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 14, 2015, 05:00:27 pm
https://www.cryptovenue.com/ltcgpayouts/

What does it mean ? This countdown is based on what / they (guys on cryptovenue.com) have some additional info? Or is this their own payment countdown to their customers, independently to Chris? Why another two days more ?

Lot of questions, I know ;-)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 14, 2015, 06:02:24 pm
Hmm, another update on ltcgear.com -- Performing payment system upgrade. ETA 00:00 UTC Jan 14 .

This doesn't make much sense, as it is date in the past (it already was before 18 hours). So, the bug in automated script ? :-(
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: th4o on January 14, 2015, 07:03:40 pm
https://www.cryptovenue.com/ltcgpayouts/

What does it mean ? This countdown is based on what / they (guys on cryptovenue.com) have some additional info? Or is this their own payment countdown to their customers, independently to Chris? Why another two days more ?

Lot of questions, I know ;-)

It's simply a countdown to Friday night. The payments have been at this time...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 14, 2015, 09:26:15 pm
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

I'd like to have the same "thinking", but I'm losing my faith with each other "rescheduled delay" on ltcgear.com. Current info is "Performing payment system upgrade. ETA 16:00 UTC Jan 14" - this time already was, and still nothing happened. So, maybe is Chris really hard-hard-working and he hasn't time to explain the situation more precisely (or he generally doesn't like to speak with people) -- very strange, but this is still the better scenario. The worse one is, that all these rescheduled delay labels are generated by script, and allow Chris to sell all LTC / BTC and disappear somewhere far away in South-east Asia. Who knows ?

Zack, do you have some news/inside infos, or something like this ? Anyway, did you try to e-mail to Chris or "LTCgear support address", and if yes, is there any answer to you ?

I have no inside info... I've tried emailing but have no response. I have the feeling that eventually we will get paid, but can't guarantee it.

I am starting a new mining asset, ColdHash, which will be diversified among several different providers. 10% of assets in circulation will be placed in the LTCshare2G dividend account and used to pay dividends to LTC2G shareholders.

Here is the ANN page - https://nxtforum.org/asset-exchange-general/(ann)-coldhash/
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Mu_XuE on January 15, 2015, 11:23:06 am
 :) :) :)
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

I'd like to have the same "thinking", but I'm losing my faith with each other "rescheduled delay" on ltcgear.com. Current info is "Performing payment system upgrade. ETA 16:00 UTC Jan 14" - this time already was, and still nothing happened. So, maybe is Chris really hard-hard-working and he hasn't time to explain the situation more precisely (or he generally doesn't like to speak with people) -- very strange, but this is still the better scenario. The worse one is, that all these rescheduled delay labels are generated by script, and allow Chris to sell all LTC / BTC and disappear somewhere far away in South-east Asia. Who knows ?

Zack, do you have some news/inside infos, or something like this ? Anyway, did you try to e-mail to Chris or "LTCgear support address", and if yes, is there any answer to you ?

I have no inside info... I've tried emailing but have no response. I have the feeling that eventually we will get paid, but can't guarantee it.

I am starting a new mining asset, ColdHash, which will be diversified among several different providers. 10% of assets in circulation will be placed in the LTCshare2G dividend account and used to pay dividends to LTC2G shareholders.

Here is the ANN page - https://nxtforum.org/asset-exchange-general/(ann)-coldhash/
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on January 15, 2015, 10:12:01 pm
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

Still do you have your optimism, hurrikaani ? ;-) There is 11th or 12th or 13th (or which) rescheduled delay again. I'm afraid more and more, that it's some kind of very ugly joking, or - worse - kind of "runaway strategy". Damn...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on January 16, 2015, 12:39:02 am
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

Still do you have your optimism, hurrikaani ? ;-) There is 11th or 12th or 13th (or which) rescheduled delay again. I'm afraid more and more, that it's some kind of very ugly joking, or - worse - kind of "runaway strategy". Damn...

At some time in the future we will know the truth about LTCgear and then one of the two groups: scam or legit, will be able to stand up and say, 'I told you so!'. Until that time comes what is the point of teasing people with useless facts?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 16, 2015, 09:12:04 am
Well, now it displays "Performing payment system upgrade. ETA 16:00 UTC Jan 14 ."

I dont really know why, but i think we'll be payed in the end. I dont base this on any evidence, but i dont see why a scam would operate in such a way.

Still do you have your optimism, hurrikaani ? ;-) There is 11th or 12th or 13th (or which) rescheduled delay again. I'm afraid more and more, that it's some kind of very ugly joking, or - worse - kind of "runaway strategy". Damn...

I'm not really optimistic anymore... This constant re-scheduling is just mean. I dont think any sane person would keep his customers in such agony, without giving honest updates. I would be ready to call for a scam.

Well, it sucks to lose money, but 10-15% weekly interest should have been a giant red flag to all of us. I'm happy i wasnt one of those people who took loans to participate in LTCG. I only lost a small bit of my savings.

I think it's a good opportunity to learn and grow as an investor.  :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on January 16, 2015, 02:28:32 pm
ltcgear.com:
Quote
Unfortunately, due to unexpected difficulties in processing old database generated by December attacks, the upgrade will be delayed for two days.
New eta ETA is Jan 18
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on January 19, 2015, 06:12:11 am
ltcgear.com:
Quote
Unfortunately, due to unexpected difficulties in processing old database generated by December attacks, the upgrade will be delayed for two days.
New eta ETA is Jan 18

Jan 18 is already over?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: sadface on January 19, 2015, 08:16:09 am
Quote
Performing payment system upgrade.
Unfortunately, due to unexpected difficulties in processing old database generated by December attacks, the upgrade will be delayed for two days.
New eta ETA is Jan 19

the eta for a new ETA is the 19th :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Mu_XuE on January 19, 2015, 11:02:54 am
Delayed day by day. It is very bad. >:(
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on January 19, 2015, 04:49:06 pm
@ cryptographer
your customers deserve an update
please act accordingly
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: sadface on January 19, 2015, 05:12:58 pm
go to http://ltcgear.com/

there is nothing cryptographer can tell you that is not announced on that site.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on January 19, 2015, 09:04:03 pm
go to http://ltcgear.com/

there is nothing cryptographer can tell you that is not announced on that site.

Too add to this here is a quote/post from another thread:

https://nxtforum.org/assets-board/(ann)-hashrate-org-nxt-mining-pool/600/

I've now talked to Chris twice, every indication I have recieved is that he is not out to burn anyone, but he is just buried under an avalanch of problems that started with people managing to attack his site with CSRF attacks.
And unfortunately he's still running a one man show, but he almost has things sorted.

In case you don't know, Chris is the person who runs the LTCgear site/mining.

If you want to know what CSRF attacks are see the link below:

http://en.wikipedia.org/wiki/Cross-site_request_forgery
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 24, 2015, 02:13:15 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on January 24, 2015, 03:05:18 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

Excellent news, I knew the site was up but I don't have an account and not familiar with it either so couldn't get the details that you have kindly given us, thanks.

Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: pt on January 24, 2015, 03:31:03 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

 Thanks for all your hard work ;D
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on January 24, 2015, 04:17:38 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

 Thanks for all your hard work ;D

+1 :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 24, 2015, 10:17:39 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

 Thanks for all your hard work ;D

+1 :)

Hey, I didn't do anything :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on January 24, 2015, 10:23:06 am
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

 Thanks for all your hard work ;D

+1 :)

Hey, I didn't do anything :)

Compare yourself to PF is all I got to say or perhaps I should not say that, ha, ha, but anyway you are far more informative than most as well as being quick to inform. 
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: neca on January 24, 2015, 01:42:45 pm
Hy i dont have pay dividenst 2.1.2015 - 24.1.2015. Whats is problém.
Thank you answers.

NXT-RLJ9-GTJ9-ETJH-FBDX5
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: neca on January 24, 2015, 01:43:38 pm
Hy i dont have pay dividenst 2.1.2015 - 24.1.2015. Whats is problém.
Thank you answers.

NXT-RLJ9-GTJ9-ETJH-FBDX5
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: rubenbc on January 24, 2015, 02:17:47 pm
Hy i dont have pay dividenst 2.1.2015 - 24.1.2015. Whats is problém.
Thank you answers.

NXT-RLJ9-GTJ9-ETJH-FBDX5
Lol you have to read a bit and you will
find your answer
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: neca on January 24, 2015, 02:36:34 pm
Lol I read all moon and dividens for 2.1 - 24.1.2015 dont have too.
And this problem have  all investors too.
Ok?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Wakasaki808 on January 24, 2015, 02:43:45 pm
Lol I read all moon and dividens for 2.1 - 24.1.2015 dont have too.
And this problem have  all investors too.
Ok?

Basically..

LTCGear who was providing the cloud mining hasn't been paying since last month. Meaning this asset hasnt been able to pay anything since last month. The site came back up but has yet to pay anything as of yet. We will see what the LTCGear creator 'Chris' has to say sometime this weekend.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: neca on January 24, 2015, 02:49:14 pm
Hi
thank you very much for answer.
It will be good busines maybe.
Good bye
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: rubenbc on January 24, 2015, 03:01:03 pm
Lol I read all moon and dividens for 2.1 - 24.1.2015 dont have too.
And this problem have  all investors too.
Ok?

i'm ok, thanks
Thanks to your question all investors are quieter !
not paying two months ago, not only those two dividends why I say you read a little more

lol
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: samson on January 24, 2015, 03:48:04 pm
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

Say that Chris does pull out the come from behind victory and we get paid...  What are you going to do with the 35% reinvestment if he doesn't have product for sale on the website?  Special dividend or are you going to find some other place to park it?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 24, 2015, 06:47:27 pm
So... the LTCgear website is back up and running again, withdraw on demand is implemented! Coin balances are still pending, but I am hopeful that we will be able to withdraw soon. There are no ASIC shares in stock on the website either, so to me that is a good sign. I don't see any reason why he would have gone to all the work of getting the site up and running again if he wasn't going to pay out.

Once that happens, we'll have a nice fat dividend :) We are owed about 60 BTC in mining income...

Say that Chris does pull out the come from behind victory and we get paid...  What are you going to do with the 35% reinvestment if he doesn't have product for sale on the website?  Special dividend or are you going to find some other place to park it?

I have some thoughts on other investments, we'll see  :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on January 26, 2015, 09:13:55 am
http://ltcgear.com/farm-payments/the-news/

There is the announced update.

Quote
At this moment the payments are functional for a percent of users and will become functional gradually for entire database of legit users.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: autodiv on January 26, 2015, 11:39:44 am
http://ltcgear.com/farm-payments/the-news/

There is the announced update.

Quote
At this moment the payments are functional for a percent of users and will become functional gradually for entire database of legit users.

"Attackers which were interested to hijack payments (both for orders and shares) and possible other occult agenda"

So it was the devil worshippers or witches who did all this?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: autodiv on January 26, 2015, 11:40:03 am
sorry double post
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on January 26, 2015, 01:45:02 pm
Translator didn't choose the best word?

Some synonyms for occult at dictionary.com: concealed, unrevealed; veiled, shrouded
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on January 26, 2015, 03:26:49 pm

"Attackers which were interested to hijack payments (both for orders and shares) and possible other occult agenda"

So it was the devil worshippers or witches who did all this?

Damn devil worshipers screwing up LTCgear!  I was just going to post this announcement, but looks like you guys beat me to it. I'm checking our account regularly and will post as soon as I see any change, but so far our balance has not become available for withdrawal.

Once again, I don't know why Chris would have gone to the trouble of updating the website if he wasn't going to resume payouts, unless he was just doing it to sell more shares. But, it isn't possible to buy more shares from the website, so I'm pretty confident that things will go back to normal soon. Fingers crossed!
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on January 29, 2015, 09:33:28 pm
ASSET HOLDERS DESERVE AN UPDATE
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on January 29, 2015, 11:03:43 pm
ASSET HOLDERS DESERVE AN UPDATE

LTCGEAR HAS YET TO PAYOUT!! NOTHING ANYONE CAN DO UNTIL THEN!!

does that satisfy your hard-on for an update?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 01, 2015, 02:16:27 pm
Truth
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: cryptard on February 01, 2015, 03:14:22 pm
ASSET HOLDERS DESERVE AN UPDATE

LTCGEAR HAS YET TO PAYOUT!! NOTHING ANYONE CAN DO UNTIL THEN!!

does that satisfy your hard-on for an update?

fear the reaper.quit a novelty account. hehe. fear the raper might have been even better  ;D
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: samson on February 01, 2015, 05:33:03 pm
Certainly isn't looking good for the home team.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 01, 2015, 08:21:08 pm
Certainly isn't looking good for the home team.

I'm kinda puzzled. I dont realy believe that someone would keep his customers waiting payments for this long, but i dont realy understand why would someone scam this way. Why bother switching ISP, keeping website up and not selling more products?

I bought some shares just before payments got delayed and then took a risk when shares we're 15 NXT/piece. Very risky, but it's not worth to sell anymore with the current prices. Not looking good, i know, but i'll gamble. Let's see.  :)

Also, there's alot of volatility now on cryptomarket. Adds even more risk to this investment.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on February 05, 2015, 05:48:07 pm
still nothing?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 08, 2015, 07:44:19 pm
Still nothing. :(

I sincerely apologize to everyone who invested in this asset, it's really a shame things turned out the way they did. If it makes you feel any better, I lost about $50,000 on the LTCgear collapse. I hope that at some point we will have some payment, but not so hopeful anymore.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on February 08, 2015, 09:14:50 pm
LTCshare2G shareholders have 12/19, 12/26, 1/2, 1/9, 1/16, 1/23, 1/30, and 1/6 payouts still due from the LTCGEAR portion. (Just keeping track, if they ever pay.)

I also believe that there is a balance of -9.8466 BTC in the reinvestment fund that will be taken out of dividends in the event of payment.

Please correct me if I'm wrong.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 09, 2015, 12:53:49 am
LTCshare2G shareholders have 12/19, 12/26, 1/2, 1/9, 1/16, 1/23, 1/30, and 1/6 payouts still due from the LTCGEAR portion. (Just keeping track, if they ever pay.)

I also believe that there is a balance of -9.8466 BTC in the reinvestment fund that will be taken out of dividends in the event of payment.

Please correct me if I'm wrong.

Yep, that's correct. Our payout should be about 60 BTC, minus the amount to repay the reinvestment fund would leave about 50 BTC for dividends... Which would be huge
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on February 09, 2015, 02:18:11 am
i was thinking it will be closer to 80BTC gross before reinvestment fund payback, based on some rough calculations, but we'll see.. looks like there will some sort of bullshit tax, if he pays..,
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 09, 2015, 08:39:23 am
Um, how the reinvestment fund can be on minus? Have you used your own money to purchase shares and afterwards paid back to yourself from payouts?

Also, there is a new update from LTCGear.

Quote

Hi,

I want to remind you that we are collecting end of year/ new year maintenace fee (with some delay in some cases, generated by website attack and infrastructure modification).

Kind Regards,
Chris

 ???, so, i hope he doesnt expect the fee to paid before paying us... right?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 09, 2015, 04:04:34 pm
Um, how the reinvestment fund can be on minus? Have you used your own money to purchase shares and afterwards paid back to yourself from payouts?

Also, there is a new update from LTCGear.

Quote

Hi,

I want to remind you that we are collecting end of year/ new year maintenace fee (with some delay in some cases, generated by website attack and infrastructure modification).

Kind Regards,
Chris

 ???, so, i hope he doesnt expect the fee to paid before paying us... right?

Yeah, I used 10 BTC of my own funds to buy shares for the account right before Chris stopped paying.

I'm assuming he will deduct those fees from whatever payments are owed, if he ever actually pays...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 10, 2015, 01:21:08 pm
Ouch. :/ That is a big hit, 2-4k USD i think.

I'm just so baffled with this situation. I dont really believe it isn't possible to do payouts during the whole 2 months, but i dont also understand why would he keep website up and not sell anymore products..  ??? If you're scamming people, you should milk all the possible gains and erase trails. If he wants the maintenance tax paid before actual payouts, then it's for certain...

Either, he is autistic genius of some sort or a very clever ponzi-scammer.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 11, 2015, 06:52:19 am
Quote
Quick announcement

Hi,

There will be some posts on litecointalk on Feb 12.

Kind Regards,
Chris

This is starting to become a treasure hunt of some sort.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on February 11, 2015, 07:32:17 am
Ouch. :/ That is a big hit, 2-4k USD i think.

I'm just so baffled with this situation. I dont really believe it isn't possible to do payouts during the whole 2 months, but i dont also understand why would he keep website up and not sell anymore products..  ??? If you're scamming people, you should milk all the possible gains and erase trails. If he wants the maintenance tax paid before actual payouts, then it's for certain...

Either, he is autistic genius of some sort or a very clever ponzi-scammer.

As you said, if he wants us to pay the maintenance tax before any payout, then it is a ponzi for sure.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 11, 2015, 05:12:27 pm
Quote
Quick announcement

Hi,

There will be some posts on litecointalk on Feb 12.

Kind Regards,
Chris

This is starting to become a treasure hunt of some sort.

Yeah, we'll see what he has to say tomorrow I suppose. Hopefully some good news...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: starfishi on February 11, 2015, 08:25:56 pm
Quote
Quick announcement

Hi,

There will be some posts on litecointalk on Feb 12.

Kind Regards,
Chris

This is starting to become a treasure hunt of some sort.

Yeah, we'll see what he has to say tomorrow I suppose. Hopefully some good news...

Yeah, hopefully, but i´m not a believer anymore, sold mine. As they say, it´s never a bad thing, to take the profits off the table . .
(I only bought supercheap, after the crash, in the hope, it would recover, to make a quick buck, but now, i rather took a itsi, bitsi, tiny profit and am outa here  :) )



Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 12, 2015, 06:00:30 pm
Well, if i could get of this with any kind of profit, it would be a wise solution.  :) The odds of payment coming after all this are like... Well, small. This whole thing just doesnt make any rational sense.

But, for a guy like me, who is down -90% on asset value and even gambled some more, for possibility of quick profit, it's just a bad idea to sell at this point. I'll just sink with the ship and learn from the experience.  :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: starfishi on February 13, 2015, 03:25:49 am
Well, if i could get of this with any kind of profit, it would be a wise solution.  :) The odds of payment coming after all this are like... Well, small. This whole thing just doesnt make any rational sense.

But, for a guy like me, who is down -90% on asset value and even gambled some more, for possibility of quick profit, it's just a bad idea to sell at this point. I'll just sink with the ship and learn from the experience.  :)

Sorry for you, hurrikaani, but remember, there´s always another chance.
And the experience could be worth many thousands in the future . .


Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on February 13, 2015, 03:58:57 am
Well, if i could get of this with any kind of profit, it would be a wise solution.  :) The odds of payment coming after all this are like... Well, small. This whole thing just doesnt make any rational sense.

But, for a guy like me, who is down -90% on asset value and even gambled some more, for possibility of quick profit, it's just a bad idea to sell at this point. I'll just sink with the ship and learn from the experience.  :)

Perhaps this might be hopeful, Chris of LTCgear has been answering questions today Friday 13-2015 at the link below:

 https://litecointalk.org/index.php?topic=24666.0
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 13, 2015, 05:59:23 am
Well, if i could get of this with any kind of profit, it would be a wise solution.  :) The odds of payment coming after all this are like... Well, small. This whole thing just doesnt make any rational sense.

But, for a guy like me, who is down -90% on asset value and even gambled some more, for possibility of quick profit, it's just a bad idea to sell at this point. I'll just sink with the ship and learn from the experience.  :)

Sorry for you, hurrikaani, but remember, there´s always another chance.
And the experience could be worth many thousands in the future . .

Never feel sorry for a greedy investor.  ;D Also, that wasn't all my money anyway.  :)

But, we have A New Promise, once again on our hands:

Quote
Everyone has a balance. Non-pending balances are balances cleared. Pending balances are balances not yet fully cleared. Once balance is cleaned, maintenance few and other relevant information are displayed.
All balances will probably get cleaned in next days (around a week frame) - along with moving to yearly maintenance as described in opening post.
What would be left will have to be individually cleared by exchanging information with balance owner.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: starfishi on February 13, 2015, 09:02:59 am
Well, if i could get of this with any kind of profit, it would be a wise solution.  :) The odds of payment coming after all this are like... Well, small. This whole thing just doesnt make any rational sense.

But, for a guy like me, who is down -90% on asset value and even gambled some more, for possibility of quick profit, it's just a bad idea to sell at this point. I'll just sink with the ship and learn from the experience.  :)

Sorry for you, hurrikaani, but remember, there´s always another chance.
And the experience could be worth many thousands in the future . .

Never feel sorry for a greedy investor.  ;D Also, that wasn't all my money anyway.  :)

But, we have A New Promise, once again on our hands:

Quote
Everyone has a balance. Non-pending balances are balances cleared. Pending balances are balances not yet fully cleared. Once balance is cleaned, maintenance few and other relevant information are displayed.
All balances will probably get cleaned in next days (around a week frame) - along with moving to yearly maintenance as described in opening post.
What would be left will have to be individually cleared by exchanging information with balance owner.

I feel for greedy investors, because they are just like me. It´s an emotion, soo hard to overcome, that i wonder, if people who did, are as cold as a rock.
I guess, people who are super successful in trading, probably have not many friends left, seriously . .



Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: hurrikaani on February 13, 2015, 09:48:06 am
Quote
I feel for greedy investors, because they are just like me. It´s an emotion, soo hard to overcome, that i wonder, if people who did, are as cold as a rock.
I guess, people who are super successful in trading, probably have not many friends left, seriously . .

I'm not so sure about that. I understand the difficulty of keeping emotions out of investing, but i think you can succesfully distinguish your feelings as a person and in a professional surrounding. Poker players especially need to be able to lose money and keeping their calm. I dont know how nice people they are though.

I actually leave some space for my emotions in investing. For example, my stock fund consist mostly of ETF's and other mutual funds, which are diversified and safe. However, they are boring, but it relaxes me to know that my funds are most likely safe. Cryptocurrencies are my way of "gambling". I need the risk, i like it, but i must always know that one day, i can wake up and see my balance at 0. That's why i'm not angry at no-one.  :) Loss aversion.

There is a small chance of payment still coming, but i'm just too tired of believing talks anymore. I want to see some withdrawals next.  ;D

Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: starfishi on February 13, 2015, 10:58:35 am
Quote
I feel for greedy investors, because they are just like me. It´s an emotion, soo hard to overcome, that i wonder, if people who did, are as cold as a rock.
I guess, people who are super successful in trading, probably have not many friends left, seriously . .

I'm not so sure about that. I understand the difficulty of keeping emotions out of investing, but i think you can succesfully distinguish your feelings as a person and in a professional surrounding. Poker players especially need to be able to lose money and keeping their calm. I dont know how nice people they are though.

I actually leave some space for my emotions in investing. For example, my stock fund consist mostly of ETF's and other mutual funds, which are diversified and safe. However, they are boring, but it relaxes me to know that my funds are most likely safe. Cryptocurrencies are my way of "gambling". I need the risk, i like it, but i must always know that one day, i can wake up and see my balance at 0. That's why i'm not angry at no-one.  :) Loss aversion.

There is a small chance of payment still coming, but i'm just too tired of believing talks anymore. I want to see some withdrawals next.  ;D

Switching between private and professional ?
I think, we´re either, or.
"Poker-players" can do that, but we´re not . .


Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on February 14, 2015, 12:14:15 am
Well, there is finally some news from Chris at LTCgear. He's done a lot of posting and question answering on the litecointalk forums yesterday. Still no word on exactly when and if balances will be able to be withdrawn, but he claims sometime in the next week people's account balances should start becoming live. I don't want to get people's hopes up prematurely, because this is essentially the same thing he said a few weeks ago, but there is some possibility we will be up and running again soon.

This thread posting has a nice summary of all the communication received from Chris (Beekeeper) so far. https://litecointalk.org/index.php?topic=24666.msg252252#msg252252 (https://litecointalk.org/index.php?topic=24666.msg252252#msg252252)

Positive thoughts...  :)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: samson on February 14, 2015, 01:13:15 am
I thought the most interesting part was where he said he had no plans to sell gen 2 shares anymore.  Which go can go one of three ways.  1.  New shares can only be accumulated through payment share conversions.  2.  New shares are kept for himself and 3. Shares are auctioned to the highest bidder.  I think #1 is the most likely scenario which would limit his customer base ( and headaches).  I think that is why the auctions portion of his website is there.  This would make it to where one could only become a new customer by buying from an existing account which completely eliminates the way that the fake shares were created in the first place(through the webstore).  I do believe he is legit and we will get paid.  I hope he processes (cleans) the accounts in the order they were created, which would not put LTCshare at the back of the line.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on February 14, 2015, 03:59:10 am
or he already sold out the 2nd gen..
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on February 21, 2015, 05:47:25 am
isn't there something shareholders can to do to put some pressure on these guys???
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Schaschlik on March 08, 2015, 11:10:43 pm
Any news?

Schaschlik
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on March 09, 2015, 04:56:15 am
"Updates Tomorrow" forever repeating on the LTCgear page. I have no idea. It seems we've all been ponzi'd.  Maybe not though, guess we shall see.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 13, 2015, 01:38:52 am
LTCshare2G shareholders have 12/19, 12/26, 1/2, 1/9, 1/16, 1/23, 1/30, 2/6, 2/13, 2/20, 2/27, 3/6, 3/13, 3/20, 3/27, 4/3, 4/10, 4/17, and 4/24  payouts due from the LTCGEAR portion. (Just keeping track, if they ever pay.)

Looks like the maintenance week ends tomorrow, hopefully that means that our balances will open up and allow for the withdrawal of our funds! I also believe that there is a balance of -9.8466 BTC in the reinvestment fund that will be taken out of dividends in the event of payment. Please correct me if I'm wrong.

Should be a very large payout even with it reduced by the reinvestment fund repayment and LTCgear yearly fees (10-20%?!?).. cross your fingers folks, friday the 13th could take on a whole new meaning tomorrow!
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Tom on March 13, 2015, 02:08:17 am
LTCshare2G shareholders have 12/19, 12/26, 1/2, 1/9, 1/16, 1/23, 1/30, 2/6, 2/13, 2/20, 2/27, 3/6, and 3/12 payouts due from the LTCGEAR portion. (Just keeping track, if they ever pay.)

Looks like the maintenance week ends tomorrow, hopefully that means that our balances will open up and allow for the withdrawal of our funds! I also believe that there is a balance of -9.8466 BTC in the reinvestment fund that will be taken out of dividends in the event of payment. Please correct me if I'm wrong.

Should be a very large payout even with it reduced by the reinvestment fund repayment and LTCgear yearly fees (10-20%?!?).. cross your fingers folks, friday the 13th could take on a whole new meaning tomorrow!
You do understand he keeps saying payout is tomorrow for three months now, right?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 13, 2015, 02:38:42 am
LTCshare2G shareholders have 12/19, 12/26, 1/2, 1/9, 1/16, 1/23, 1/30, 2/6, 2/13, 2/20, 2/27, 3/6, and 3/12 payouts due from the LTCGEAR portion. (Just keeping track, if they ever pay.)

Looks like the maintenance week ends tomorrow, hopefully that means that our balances will open up and allow for the withdrawal of our funds! I also believe that there is a balance of -9.8466 BTC in the reinvestment fund that will be taken out of dividends in the event of payment. Please correct me if I'm wrong.

Should be a very large payout even with it reduced by the reinvestment fund repayment and LTCgear yearly fees (10-20%?!?).. cross your fingers folks, friday the 13th could take on a whole new meaning tomorrow!
You do understand he keeps saying payout is tomorrow for three months now, right?

well he never has said the payment is tomorrow only that some users had their balances available (no proof, tho), but i understand your sentiment.. it has been a little over three months with no payments, but consider me hopefully optimistic.. I've been following the threads on litecoin talk for months
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 14, 2015, 03:12:57 am
"Maintenance is now finished. For security reasons, 48 hours withdrawal lock after first login is applied to all accounts. During lock, balance will also be unavailable."
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 20, 2015, 02:30:02 am
UPDATE: Most of balances left in pending mode will be cleaned as late as this weekend.

UPDATE:
Lockdown is extended by 36 hours.
Very important! Users accessing website via scripting or proxies/vpn/thor will get their account hardlocked.

Maintenance is now finished.
For security reasons, 48 hours withdrawal lock after first login is applied to all accounts. During lock, balance will also be unavailable.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 20, 2015, 02:37:42 am
Did some rough math.. LTCShare2G as a whole is owed roughly ~0.2 LTC per asic share over the last couple months (Didn't count gen2).. I think that roughly equates to 23,770 LTC owed.. Based on 118,850 shares.

At todays rates, that means 167.85 NXT per share (assuming -9.8BTC is paidback to cryptographer), which is 100% return and no reinvestment carryover..

So the question is if we get paid, should LTCshare2G pay out 100% of past returns?? Meaning no reinvestment carryover for the prior payouts..

I think we should take 100% for past due payouts, no reinvestment.. Atleast until LTCgear can show it paysout regularly..
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on March 20, 2015, 02:49:38 am
Full payout,
Hmm,

It depends on the persons circumstances not the numbers as I said on the LTCgear SAAS thread, you do not hold any hrlltcgear yet:

1) If you bought the shares cheap and are speculating, then Full payout would be the goal.

2) If you bought the shares at what was a reasonable price and intended to hold, then re-investment into something else to get the asset back up and running and less dependent on LTCgear would seem a better route. This is after all a short blip in a long story.

3) If you bought too many shares and are now desperate to get the money, then a full payout would be best.

So who holds the most shares group 2 or group 1 and 3?

I am beginning to think you are in group 3?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 20, 2015, 03:01:31 am
Full payout,
Hmm,

It depends on the persons circumstances not the numbers as I said on the LTCgear SAAS thread, you do not hold any hrlltcgear yet:

1) If you bought the shares cheap and are speculating, then Full payout would be the goal.

2) If you bought the shares at what was a reasonable price and intended to hold, then re-investment into something else to get the asset back up and running and less dependent on LTCgear would seem a better route. This is after all a short blip in a long story.

3) If you bought too many shares and are now desperate to get the money, then a full payout would be best.

So who holds the most shares group 2 or group 1 and 3?

I am beginning to think you are in group 3?

Yes, I bought many shares at a low price for both SAAS and LTCshare2G.. I had SAAS from the beginning and just bought into LTCshare2G during the downturn in price.. I had the patience and funds to do so.. \

My choice to receive 100% payment from past due payouts is only based in the fact that currently there is no good/safe investment in mining right now.. Those who got in on the ground floor will get their full ROI as well, allowing those people to exit their positions if they wanted..

If LTCgear had kept paying out or only missed a week or two, I would still be in the reinvestment boat.. At this point, there is no point in risking reinvestment until LTCgear can show it will pay consistently.. Once they show they can pay on time, I would be all for reinvesting..

Either way, I'm not selling, only buying..
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Juniour on March 20, 2015, 03:22:05 am
UPDATE: Most of balances left in pending mode will be cleaned as late as this weekend.


(https://i.imgflip.com/j2ol7.jpg)



(https://i.imgflip.com/j2p3f.jpg)
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on March 20, 2015, 09:01:59 am

My choice to receive 100% payment from past due payouts is only based in the fact that currently there is no good/safe investment in mining right now.. Those who got in on the ground floor will get their full ROI as well, allowing those people to exit their positions if they wanted..

If LTCgear had kept paying out or only missed a week or two, I would still be in the reinvestment boat.. At this point, there is no point in risking reinvestment until LTCgear can show it will pay consistently.. Once they show they can pay on time, I would be all for reinvesting..

Either way, I'm not selling, only buying..

If you are looking for the full amount you should worrying about the impact of all that LTC being exchanged for NXT (if it happens).

If  you want to get the true value either everyone gets an LTC account and takes dividend in LTC or we take the dividend over time and so spreading the impact.

Of course anyone with enough NXT to sit on the other side of the trade will make a descent profit out of the process.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on March 20, 2015, 10:35:54 am

My choice to receive 100% payment from past due payouts is only based in the fact that currently there is no good/safe investment in mining right now.. Those who got in on the ground floor will get their full ROI as well, allowing those people to exit their positions if they wanted..

If LTCgear had kept paying out or only missed a week or two, I would still be in the reinvestment boat.. At this point, there is no point in risking reinvestment until LTCgear can show it will pay consistently.. Once they show they can pay on time, I would be all for reinvesting..

Either way, I'm not selling, only buying..

If you are looking for the full amount you should worrying about the impact of all that LTC being exchanged for NXT (if it happens).

If  you want to get the true value either everyone gets an LTC account and takes dividend in LTC or we take the dividend over time and so spreading the impact.

Of course anyone with enough NXT to sit on the other side of the trade will make a descent profit out of the process.

Yep, a big scramble to get NXT doesn't seem like a good idea and I was hoping there would be the option to get LTC rather than NXT, so hopefully I will have that option.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: cryptard on March 20, 2015, 11:31:29 am
so much optimism about more opaque messages. mebbe he is really 'cleaning out' the balances once and for all  ;D
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on March 20, 2015, 11:50:32 am
so much optimism about more opaque messages. mebbe he is really 'cleaning out' the balances once and for all  ;D

Ha, ha, yes the sun came up today I am optimistic.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 20, 2015, 04:41:11 pm

My choice to receive 100% payment from past due payouts is only based in the fact that currently there is no good/safe investment in mining right now.. Those who got in on the ground floor will get their full ROI as well, allowing those people to exit their positions if they wanted..

If LTCgear had kept paying out or only missed a week or two, I would still be in the reinvestment boat.. At this point, there is no point in risking reinvestment until LTCgear can show it will pay consistently.. Once they show they can pay on time, I would be all for reinvesting..

Either way, I'm not selling, only buying..

If you are looking for the full amount you should worrying about the impact of all that LTC being exchanged for NXT (if it happens).

If  you want to get the true value either everyone gets an LTC account and takes dividend in LTC or we take the dividend over time and so spreading the impact.

Of course anyone with enough NXT to sit on the other side of the trade will make a descent profit out of the process.

I think part of the idea with mining like this, beyond getting more capital, is to help the NXT sustain its price.. I've discussed before the idea of holding off selling the LTC when/if LTgear pays due the selling pressure of everyone converting LTC to BTC/NXT etc.. but we would have to see the price movement of LTC when/if that happens..

either way, the reinvestment decision needs to be for all shareholders or none.. shareholders can profit off of others reinvestment if they chose to take 100%, and thats not good nor fair..

you seem to want to carryover the reinvestment portion of the past due payouts, so where do you propose we reinvest?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on March 20, 2015, 05:18:20 pm
I think part of the idea with mining like this, beyond getting more capital, is to help the NXT sustain its price.. I've discussed before the idea of holding off selling the LTC when/if LTgear pays due the selling pressure of everyone converting LTC to BTC/NXT etc.. but we would have to see the price movement of LTC when/if that happens..

either way, the reinvestment decision needs to be for all shareholders or none.. shareholders can profit off of others reinvestment if they chose to take 100%, and thats not good nor fair..

you seem to want to carryover the reinvestment portion of the past due payouts, so where do you propose we reinvest?

Assuming Chris is legit and has been mining while LTCgear has been off-line then Chris would have had to convert LTC to BTC for those that wanted it. I say would have because that is the only way he can meet the expectations of the BTC customers, i.e. to get what they should have got if the site was not down. As noted else where this is a big assumption.
If the assumption is true then there will be no LTC/BTC effect apart from those that convert to fiat.
We just have an LTC/NXT and BTC/NXT to worry about.

As for reinvestment, yes it would seem worth exploring that before we make any decisions. It does depend very much on what Cryptographer wants to do though. This was a simple asset to run, anything new is not likely to be so simple.

So assuming we are lucky enough to get a pay out what do you want to do Cryptographer?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: georgelincoln on March 20, 2015, 05:28:18 pm
It's almost April and we're still debating what happens if a guy who hasn't paid since the end of December suddenly makes right. In order to believe he's going to pay people have to think that he's been mining LTC for four months and has been befuddled by a MySQL database for that entire length of time. All he's been able to muster of lieue of payments is confused excuses.

Since today is the official start of Spring it may be time to do a mental Spring Cleaning on these LTC assets. If he suddenly comes back and pays then consider it a bonus. If not people have to move on.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: whatnxt on March 20, 2015, 05:59:37 pm
It's almost April and we're still debating what happens if a guy who hasn't paid since the end of December suddenly makes right. In order to believe he's going to pay people have to think that he's been mining LTC for four months and has been befuddled by a MySQL database for that entire length of time. All he's been able to muster of lieue of payments is confused excuses.

Since today is the official start of Spring it may be time to do a mental Spring Cleaning on these LTC assets. If he suddenly comes back and pays then consider it a bonus. If not people have to move on.

Yes, yes, there is nothing to see here, move on.
In the unlikely case something appears that is worth seeing, then, some kind of plan that prevents stupidity getting the best of us would seem worth investigating. The best time to do that is when nobody has anything to loose.
That would be now, wouldn't it?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: georgelincoln on March 20, 2015, 06:21:39 pm
It's almost April and we're still debating what happens if a guy who hasn't paid since the end of December suddenly makes right. In order to believe he's going to pay people have to think that he's been mining LTC for four months and has been befuddled by a MySQL database for that entire length of time. All he's been able to muster of lieue of payments is confused excuses.

Since today is the official start of Spring it may be time to do a mental Spring Cleaning on these LTC assets. If he suddenly comes back and pays then consider it a bonus. If not people have to move on.

Yes, yes, there is nothing to see here, move on.
In the unlikely case something appears that is worth seeing, then, some kind of plan that prevents stupidity getting the best of us would seem worth investigating. The best time to do that is when nobody has anything to loose.
That would be now, wouldn't it?

Or 'lose' as the case my be. The time for preventing stupidity as you call it has long passed. The asset is a dud. LTCGear ceased operations in December and has offered nothing but lame excuses ever since. The only people who have any interest in keeping the discussion alive are those who bought cheap and are hoping for a miracle. (That would be you I guess.) In any event, good luck with your investment.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on March 20, 2015, 07:51:45 pm
Let us optimists hope/pray in PEACE!!  :D

It has looked bleak, but this asset isn't dead until something substantial happens.. 404 error, "hack" claim ending operations, something happens to chris, etc.. people may write it off, but will check in on it.

we have no idea what kind of backend operations take place as far as the database goes..
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on March 22, 2015, 08:50:12 pm
Well, LTCgear is up again, but balances still pending... fingers crossed.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on March 24, 2015, 12:27:57 am
Well, LTCgear is up again, but balances still pending... fingers crossed.

It's almost up (with the current "look") from the Thursday, I think (there were small nginx outages during the weekend). The "newest information" : "UPDATE: Most of balances left in pending mode will be cleaned as late as this weekend" is there also several days. Is two days over (weekend) now.

I have also fingers crossed and I'd like to believe in "small miracle", of course, as whole the shareholders here. But these three months (!!) of promises / updates / collapses / maintenances are ... very very strange. Very politely told.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Nexxie on April 08, 2015, 09:51:23 am
Any news?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: dolux on April 12, 2015, 02:12:38 pm
Any news?

New on ltcgear.com
Quote
Due to the holidays, withdrawals, support and other operations which are not fully automated may be delayed until Tuesday, April 14.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on May 08, 2015, 11:11:56 pm
New on ltcgear.com
Quote
An announcement regarding accounts not yet cleared will be posted Tuesday, May 12.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on May 09, 2015, 06:31:27 am
I feel it may be a lost cause at this point. :(
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on May 13, 2015, 05:47:41 am
Most of the user accounts not yet cleared, will be be cleared this week.
All new cleared accounts will be required to pay new year maintenance fee (via balance link) before the payments are resumed.
A second option will be available for those users with accounts valued over a threshold which do not want to continue to mine via hosted service.
For such accounts, a share conversion (both kinds) to self maintained hardware (boards equipped with ASIC chips) will be available via account page (details there).
A Q&A session will be conducted, arrangements yet to be made.


The Voting System would come in handy now.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on May 18, 2015, 07:33:12 pm
Update at ltcgear.com
Quote
UPDATE: Due to technical reasons, operation is delayed until Wednesday, May 20.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on May 21, 2015, 08:33:41 am
Quote
UPDATE: Due to technical reasons, operation is delayed until Thursday, May 21.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on May 22, 2015, 05:22:54 am
Quote
UPDATE2: In order to synchronize remaining user accounts, website will be placed into temporary maintenance mode, Friday, May 22, from 8AM to 12:00 PM GMT.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on May 26, 2015, 12:16:24 pm
Quote
UPDATE: Accounts synchronization is still in progress.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 04, 2015, 05:51:12 am
Update
Quote
Estimated ETA to finalize synchronization is this weekend (Sunday, May 7). After synchronization is finished, secondary option will become available. The Q&A session is set for next week.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 07, 2015, 11:05:08 pm
Update
Quote
– moved to Monday, May 8
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 08, 2015, 09:49:54 am
Update: Month has been corrected...
Quote
Estimated ETA to finalize synchronization is this weekend ( Monday, June 8 )
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 09, 2015, 09:08:59 am
Update:
Quote
Estimated ETA to finalize synchronization June 9.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on June 10, 2015, 02:43:59 pm
has the account been cleared??

if so, then we would just be waiting on the ltcgear to allow us to deduct the yearly fee from the balance.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on June 14, 2015, 08:08:55 pm
Yeah, well it looks like Chris is not making payments for the missed mining income, instead he is asking account holders to pay the "fee" and then resuming mining payments (ponzi payments) from that point on, with no consideration to missed mining payments or affiliate income. Unfortunately, the "fee" to reactivate this account is about 200 BTC, and I have no where near that amount, so it is impossible for me to pay it and have the account reactivated. It would be a big gamble to do this also, since there is no way to know if Chris is going to keep making payments for the next year or not, or simply take the money and run off.  When I initially bought the shares for this account, they were supposed to be active for one year before requiring a maintenance fee. We only mined for a few months before Chris "shut down the farm" (aka ran out of ponzi money)  and now he is expecting people to pay the "yearly maintenance fee"  (aka ponzi replenishment fee) when the shares haven't been active for anywhere close to a year, and have missed the last 7 months of mining payments.

Sorry guys, but unless someone is willing to send 200 BTC to clear this account, there's not any way we can resume mining (aka ponzi scam)

I really wish things hadn't worked out like this, LTCgear seemed great, and I was too caught up in the awesome-ness of it to realize that it must be too good to be true.  I hope no one lost too much money on this. I will look into selling the account, and if I am able to get more for it than the amount I am in debt for buying the last set of shares (about 11 BTC), I'll make a dividend payment with whatever is leftover.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on June 15, 2015, 06:10:08 pm
Yeah, well it looks like Chris is not making payments for the missed mining income, instead he is asking account holders to pay the "fee" and then resuming mining payments (ponzi payments) from that point on, with no consideration to missed mining payments or affiliate income. Unfortunately, the "fee" to reactivate this account is about 200 BTC, and I have no where near that amount, so it is impossible for me to pay it and have the account reactivated. It would be a big gamble to do this also, since there is no way to know if Chris is going to keep making payments for the next year or not, or simply take the money and run off.  When I initially bought the shares for this account, they were supposed to be active for one year before requiring a maintenance fee. We only mined for a few months before Chris "shut down the farm" (aka ran out of ponzi money)  and now he is expecting people to pay the "yearly maintenance fee"  (aka ponzi replenishment fee) when the shares haven't been active for anywhere close to a year, and have missed the last 7 months of mining payments.

Sorry guys, but unless someone is willing to send 200 BTC to clear this account, there's not any way we can resume mining (aka ponzi scam)

I really wish things hadn't worked out like this, LTCgear seemed great, and I was too caught up in the awesome-ness of it to realize that it must be too good to be true.  I hope no one lost too much money on this. I will look into selling the account, and if I am able to get more for it than the amount I am in debt for buying the last set of shares (about 11 BTC), I'll make a dividend payment with whatever is leftover.


"Several updates will be implemented on website, Tuesday, June 16 and Wednesday. June 17.
The updates will activate secondary option (explained previously), will also upgrade support, modules and other features for recently cleared and few remaining accounts.
The website may be placed in maintenance mode for a short time during this time period."

Could you wait until Friday/Saturday?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on June 15, 2015, 11:37:52 pm

Could you wait until Friday/Saturday?

Yes I'll wait and see what happens
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 18, 2015, 03:37:15 pm
Update:
Quote
GUI changes on live webserver will be applied June 18 or most likely June 19, after completing backend testing.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 19, 2015, 10:56:12 pm
Update:
Quote
ETA for GUI changes on live webserver is Saturday, June 20, after completing backend testing and balances synchronization (Friday deposit).
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 21, 2015, 11:44:57 am
Update:
Quote
ETA for GUI changes on live webserver is Sunday, June 21, after completing backend testing and balances synchronization (Friday deposit).
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: PotShot-RSA on June 23, 2015, 04:24:45 pm
Update:
Quote
Due to general complexity of data and associated code, estimated ETA (it may happen earlier) for completing conversion database synchronization is June 24.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on June 24, 2015, 07:41:42 pm
Yeah... I don't even know what this means anymore.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on June 24, 2015, 09:15:13 pm
Yeah... I don't even know what this means anymore.

Either Bee pays or he doesn't, however the updates and coding changes on the website have been substantial as of late.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: ThomasVeil on June 26, 2015, 01:17:55 am
Yeah... I don't even know what this means anymore.

Either Bee pays or he doesn't, however the updates and coding changes on the website have been substantial as of late.

It blows my mind that some still think there is any chance of getting any coin out of this. I would see the probability in the "Donald Trump becomes US president" range. I said before that he'll demand fees before he pays anything back - and that's exactly what he went for. And some people actually paid up lot's of BTC.... so of course he'll shuffle stuff around on the page to convince more suckers.
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: jl777 on June 26, 2015, 01:40:20 am
Yeah... I don't even know what this means anymore.

Either Bee pays or he doesn't, however the updates and coding changes on the website have been substantial as of late.

It blows my mind that some still think there is any chance of getting any coin out of this. I would see the probability in the "Donald Trump becomes US president" range. I said before that he'll demand fees before he pays anything back - and that's exactly what he went for. And some people actually paid up lot's of BTC.... so of course he'll shuffle stuff around on the page to convince more suckers.
you are quite the optimist

http://www.inquisitr.com/2201900/2016-presidential-polls-current-odds-and-approval-ratings-for-bobby-jindal-donald-trump-hillary-clinton-more/

50:1 odds of president trump
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: semibaron on July 08, 2015, 04:16:53 pm
Share conversion (Opt 2) – UPDATE
Deadline to request share conversion to physical boards is July 15.
Each ASIC unit is roughly equivalent of 350Mhs.
A Q&A session will be arranged before the deadline.


@Cryptographer: Do you have any new options in the account control?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on August 02, 2015, 10:00:14 am
Zack, any news? By the discussion on litecointalk.org, it looks like some account were payed, probably these one, which payed the maintenance fee before. Hard to say, the situation around all LTCGear is still very unclear / strange (if not worse) ...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on August 20, 2015, 08:31:22 pm
Zack?? What about this, what about ColdHash ?  ???
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Cryptographer on August 21, 2015, 02:19:30 pm
No this account has not been paid and it had a maintenance fee of about 200 BTC which is far more than I can afford to pay. I signed up to receive hardware, so if that ever happens I can either sell it or start a mining farm I guess...
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on October 18, 2015, 09:41:39 am
No this account has not been paid and it had a maintenance fee of about 200 BTC which is far more than I can afford to pay. I signed up to receive hardware, so if that ever happens I can either sell it or start a mining farm I guess...

So, any progress after two next months, or still the same situation? Does anybody have some information about Chris and his actions, about some legally / judge actions against him, etc. ?
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: FearTheReaper on October 20, 2015, 04:59:54 pm
I believe cryptographer requested the hardware, but i think LTCgear hasn't shipped them yet.. There are people on https://litecointalk.org/index.php?board=98.0 (https://litecointalk.org/index.php?board=98.0) that have said beekeeper admitted that we are owed december 2014 to may 2015.. But realistically, we won't see anything.  :-\
Title: Re: LTCshare2G: 12th Dividend = 177,000 NXT = 8.85 NXT/share = 1,247,542 NXT to date
Post by: Klokan on December 28, 2015, 05:41:19 pm
I believe cryptographer requested the hardware, but i think LTCgear hasn't shipped them yet.. There are people on https://litecointalk.org/index.php?board=98.0 (https://litecointalk.org/index.php?board=98.0) that have said beekeeper admitted that we are owed december 2014 to may 2015.. But realistically, we won't see anything.  :-\

Indeed. But it's very sad, that Zack can't or doesn't want just say us a word about the current situation. Or just 'happy Xmas' to his assetholders ... weird.
elective-stereophonic
elective-stereophonic
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