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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 142993 times)

jl777

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I think discount code are just bullshit. Imo, price per Mh/s will alwys go down as it is the case with bitcoin.
there is this risk that the LTCgear hashrate boosts will not be enough to compensate for difficulty increases
at a 60/40 reinvestment on top of the LTCgear boosting, it is likely that you can actually stay ahead of the mining rate increases

There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

SpreadingTruth

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Ok.. Of course, you do own 60% of HRNXTPool so it's a good idea for you to encourage people to buy HRLTCGEAR...
« Last Edit: October 09, 2014, 11:16:45 pm by SpreadingTruth »

cobaltskky

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Ok.. Of course, you do own 60% of HRNXTPool so it's a good idea for you to encourage people to buy HRLTCGEAR...

Makes sense.  Interlocking business ventures.

jl777

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Ok.. Of course, you do own 60% of HRNXTPool so it's a good idea for you to encourage people to buy HRLTCGEAR...
I make no specific encouragement, just trying to explain the asset.

Now since your handle is spreadingtruth, I would like to see how I own 60% of HRNXTpool. I distinctly remember divesting a large percentage of it. I am still benefiting from HRNXTpool indirectly, but it is nowhere near 60% ownership. so let us not become "spreadingdisinformation"

 I have made it no secret that I am advising pf on business and asset issues and I did come up with this pooling of LTCGEAR ASIC hashpower at a reasonable management fee as I got tired of all the bickering about this type of thing. Now people that want to get LTCGEAR can get it at a small premium over cost and also be able to make their own DRIP (dividend reinvestment program)

James
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

SpreadingTruth

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You're right, the assets started by you own most of it, sorry. No disinformation intended.

EDIT:
BY THE WAY-

James, I am a huge supporter and thank you very much for all your hard work on NXT and your incredible generosity in sharing your wealth with the community! It is very respectable, and if more wealthy people had your attitude, the world would be a better place.



I am just a skeptical person and was pointing something out...
« Last Edit: October 10, 2014, 02:09:03 pm by SpreadingTruth »

pf

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Disinformation.
James actually sent a good percentage of HRNXTPOOL out as dividends to asset holders of NXTVENTURE, I believe.
There are over 200 different shareholders of HRNXTPOOL.
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jl777

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You're right, the assets started by you own most of it, sorry. No disinformation intended.
better but still on the disinformation side of things...

I believe 10% is in JLH (I actually own a relatively small percentage of JLH) and InstantDEX has a big chunk, but I have ~20% of InstantDEX, so all told I think I am around 10% beneficial owner of HRNXTpool

maybe I am off a bit on these numbers, as I am not tracking such things. I just do what I can to help people make better assets and of course work on my assets

James
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

Pilot

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OK, I bought a small amount. How do I tell you to reinvest? I just want to reinvest 100% for now.

Is there a minimum amount before the payouts to minimize fees?

JamesList

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I think discount code are just bullshit. Imo, price per Mh/s will alwys go down as it is the case with bitcoin.
there is this risk that the LTCgear hashrate boosts will not be enough to compensate for difficulty increases
at a 60/40 reinvestment on top of the LTCgear boosting, it is likely that you can actually stay ahead of the mining rate increases

It's not allways good to reinvest. Especially because of the recent btc/ltc price fall. The roi increased to over 8 weeks.

Personally i wait for new products by ltcgear.

blackyblack1

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I think discount code are just bullshit. Imo, price per Mh/s will alwys go down as it is the case with bitcoin.
there is this risk that the LTCgear hashrate boosts will not be enough to compensate for difficulty increases
at a 60/40 reinvestment on top of the LTCgear boosting, it is likely that you can actually stay ahead of the mining rate increases

It's not allways good to reinvest. Especially because of the recent btc/ltc price fall. The roi increased to over 8 weeks.

Personally i wait for new products by ltcgear.
500% APR is not enough for you?
Me personnaly do not trust ltcgear too much. It is impossible to maintain even 100% APR in the long-term.

JamesList

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I think discount code are just bullshit. Imo, price per Mh/s will alwys go down as it is the case with bitcoin.
there is this risk that the LTCgear hashrate boosts will not be enough to compensate for difficulty increases
at a 60/40 reinvestment on top of the LTCgear boosting, it is likely that you can actually stay ahead of the mining rate increases

It's not allways good to reinvest. Especially because of the recent btc/ltc price fall. The roi increased to over 8 weeks.

Personally i wait for new products by ltcgear.
500% APR is not enough for you?
Me personnaly do not trust ltcgear too much. It is impossible to maintain even 100% APR in the long-term.

Another reason for not reinvest much.

whatnxt

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Hi pf,
I like the new asset but I seem to be missing something in the description.
You say:
Each share will represent 1/N of the LTCgear dividends earned, with N representing the number of shares that are owned by people other than the asset issuer. Unsold shares will be excluded from dividend calculations entirely.

  Shareholders can, however, request a percentage of reinvestment that they would like to see on an individual basis.

This reinvestment percentage will simply be awarded on a 1 NXT per share basis (the same price the asset costs), so a shareholder that earned 5,000 NXT dividend one week who wanted a 50% reinvestment would recieve 2,500 NXT and 2,500 additional HRLTCGEAR shares. 

So where are the reinvestment shares coming from?
1) If they are bought on the market then all is well and good.
2) If they come from unsold shares then the first quote would suggests you are diluting the dividend.
3) If they are buying new hardware then how are you guaranteeing the price?

I am clearly missing an important detail here.
NXT-UAPC-3T43-FFT6-HW5BZ

sv3n

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Can we just tie the reinvestment rate directly to the difficulty as that is the only driver for that number?
There's already some built in gain with the multiplier, so then if that isn't sufficient, a portion of the dividend will help cover the difference, otherwise it's paid out in full. Everyone gets the same payout and it would greatly simplify the bookkeeping.
Just a thought
NXT-QK6T-BTVP-N8SL-9ZLD4

pf

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To change your reinvestment ratio please send a AM from your shareholder account to the asset issuer NXT-2PGG-QSCG-YE69-3Y7LG

Reinvested shares are sent out as dividends instead of NXT, but the NXT is used directly to reinvest in additional LTCgear equipment (so it does not dilute each shares value whatsoever).

We have so far ordered 480 MH with LTCgear, the orders are showing up as on-hold despite having been paid for with 50+ confirms already.  I have emailed their support, I hope that they will be processed in time for the payout interval later today.  (they were purchased last night).

I will post a google doc shortly with a cost breakdown.  The additional NXT that has been raised I am going to hold off on exchanging until the NXT prices are pushed up over the weekend by all of the other mining assets, then we can get the most LTCgear shares as possible for our raised funds.
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Pilot

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I tired to send a message and get: "Invalid referenced transaction hash."

any idea what that means?

Sebastien256

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I come up with an idea and i would like you opinion on this pf.

Instead of putting a buy wall to let people exit. Could you buy the reinvesment share portion at the market price? So if the market price is a bit lower than 1 Nxt some Nxt are saved and people that want to exit are happy.
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

cobaltskky

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To change your reinvestment ratio please send a AM from your shareholder account to the asset issuer NXT-2PGG-QSCG-YE69-3Y7LG

Reinvested shares are sent out as dividends instead of NXT, but the NXT is used directly to reinvest in additional LTCgear equipment (so it does not dilute each shares value whatsoever).

We have so far ordered 480 MH with LTCgear, the orders are showing up as on-hold despite having been paid for with 50+ confirms already.  I have emailed their support, I hope that they will be processed in time for the payout interval later today.  (they were purchased last night).

I will post a google doc shortly with a cost breakdown.  The additional NXT that has been raised I am going to hold off on exchanging until the NXT prices are pushed up over the weekend by all of the other mining assets, then we can get the most LTCgear shares as possible for our raised funds.

I, for one, am reinvesting 100%.  I own a substantial portion of HRNXTPOOL, so it makes sense to me.

k_day

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I tired to send a message and get: "Invalid referenced transaction hash."

any idea what that means?

Are you using a password manager like lastpass? sometimes it gets greedy and tries to fill in the referenced transaction hash. If you click "advanced" you can see if this is what is happening, and just delete the hash that was populated there.
NXT --> NXT-BY7Y-UB4X-6Z3C-8PP3V

Pilot

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I tired to send a message and get: "Invalid referenced transaction hash."

any idea what that means?

Are you using a password manager like lastpass? sometimes it gets greedy and tries to fill in the referenced transaction hash. If you click "advanced" you can see if this is what is happening, and just delete the hash that was populated there.

You are correct sir. Thanks very much.

pf

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Hi all.

Our LTCgear purchases went through the morning of payouts and were not included.  I have been in touch with LTCgear support who advised
Code: [Select]
LTC GEAR <ltcgear@gmail.com>
Fri 10/10/2014 8:12 PM
Inbox
To:
pf
You replied on 10/10/2014 10:35 PM.

Hi,

Orders completed, shares added to account and active. A payment will be rescheduled.

Thank You,
Chris

As soon as that payment is rescheduled, I will be sending out this week's dividends/shares accordingly. I have asked for clarification for when it will be rescheduled to.
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NXT Multipool! Mine Scrypt, SHA, Keccak or X11 for NXT! http://hashrate.org
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