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[ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 193110 times)

Avrora

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #600 on: December 11, 2014, 05:15:25 pm »

I just received email from Chris to my superrich (0-shares) LTCGear account:





Closure announcement:

Current affiliate system will be closed Mon Dec 15 at midnight (UTC). All registered referral rewards will be paid but no more referrals will be registered after this date.

Main reason; resources claimed by current affiliate system have negative impact on overall service performance, especially in support area but also in payment deadlines.

Moving to new generation product, new marketing strategy and adding new payment gateways are other reasons.

As discussed with a part of customers, the current affiliate percent will be maxed at 35% until closure.

In case you redirect customers to website, make sure they use correct affiliate link when accessing website since no more support is offered for affiliate system (one main reason to stop it). Make sure they don't use another affiliate link after using yours since the new ID will overwrite your affiliate ID and referral will be registered under new ID.

Please visit your "Affiliate Area" at https://ltcgear.com/my-account/affiliate-area/ for latest informations about LTCgear's Affiliate System.

Kind Regards,

Chris@LTCgear







Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(
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Mexxer

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #601 on: December 11, 2014, 05:22:27 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.
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Avrora

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #602 on: December 11, 2014, 05:41:25 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.
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Mexxer

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #603 on: December 11, 2014, 05:48:52 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.

Depends on how many people you convinced to sign up and how many they convinced. I don't know much about affiliate networks but I believe payouts like this aren't that unusual. Nevertheless it has nothing to do with LTCGear shares.
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #604 on: December 11, 2014, 05:52:15 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.
hey
I think what he means is that the affiliate bonus used to be 11% of the total sale
I think he means that people will only be seeing 35% of that 11%.
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CryptoGuu

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #605 on: December 11, 2014, 06:13:26 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.
hey
I think what he means is that the affiliate bonus used to be 11% of the total sale
I think he means that people will only be seeing 35% of that 11%.

no it's 35% on payment. For example for the big pack 899$ the affiliate payment is 314.65$
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Avrora

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #606 on: December 11, 2014, 06:17:57 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.
hey
I think what he means is that the affiliate bonus used to be 11% of the total sale
I think he means that people will only be seeing 35% of that 11%.

no it's 35% on payment. For example for the big pack 899$ the affiliate payment is 314.65$

Well, maybe he is just trying to squeeze as much as he can for those 2nd gen ASICs everyone is talking about. Who knows.
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rlh

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #607 on: December 11, 2014, 06:20:44 pm »

I'm actually not so sure anymore if gen2 is the best investment right now.

The payout until January is low, it's "just" a pre-order, and we don't know what the price will be in january.
On the other hand the price right now might be a bargain and produce ROI in 2 weeks.

I'm not expert when it comes to LTCGear ... but maybe invest 50% in gen1 and 50% in gen2 until January?

This was going to be my suggestion.  Actually, you could slowly shift the ratio, week to week.  For instance, this week, 90% to gen 1, 10% to gen 2.  Next week, 80/20, and the next week 70/30, and so on.

When the hardware is live and paying, invest 100% in gen 2.
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Pilot

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #608 on: December 11, 2014, 06:23:16 pm »

The sell order has been taken down for the week, by the way. I will put it back up again after payouts.
What do people think about investing in 2nd Gen ASICs going forward?
Up until now we have only been going with Gen1 ASICs (we will be over 30 GH by the time this week's payouts happen)
Gen2 asics may have a slightly lower payout for the next 3-4 weeks, but will then likely be considerably higher than Gen1 asics.

Do we know what the payouts on the second gens are prior to Jan 1?

That said, I think pre-ordering 2nd gens is the way to go. But, maybe you might want to start a new asset for the 2ng gen. Although, I'd rather you didn't. I'm ok with slight lower payouts for 3 more weeks since I think the 2nd gens will pay more later. Right?

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Avrora

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #609 on: December 11, 2014, 06:51:05 pm »

EDIT: Sorry, wrong thread  :)
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #610 on: December 11, 2014, 07:47:16 pm »

I have asked James for his advice, hopefully he posts in this thread. :)
I suggest to only reinvest (also new purchases) toward the gen2 asic
The flexibility of the gen2 asic being able to adapt to new algos appears to keep it useful for potentially a lot longer period. Protecting the capital investment with the flexibility to change algo what is mined seems quite useful

I am just concerned that with about a 10 week return of capital, if we keep buying gen1 right until gen2 is out, then it could make it so we never get the capital back. As it is, be it 4 weeks or 8 weeks before gen2 all the funds invested should return capital with anything beyond being profit.

In general, stopping investment prior to new generation is a good policy. maybe not all the profits are squeezed out, but the primary concern should be safe return of capital and whenever there is a new generation of hardware, the old gen could quickly become a snotkitten.

I bought about $8K of old LTCgear stuff (was the cutting edge back then) about a year ago. It was delayed for a month or two, but at first it was returning 25% per week! Luckily it managed to do it for about 4 weeks, but then giant difficulty increase and LTC price drops, now I still get about 0.25% per week, which is still a healthy 10%+ per year and since capital came back, it is no worry for me. Note this is a 99% reduction in weekly output.

So I advise capital preservation by shifting to gen2 prepayments now. My guess is that they will run out of stock, so while the initial deliveries could be in 4 weeks, some might not get it for 8 or more weeks. The bigger customers tend to get the better service too.

James
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Sebastien256

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #611 on: December 11, 2014, 07:51:40 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?
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Pilot

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #612 on: December 11, 2014, 08:04:44 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?

How does it dilute the shares in the pool?
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Mexxer

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #613 on: December 11, 2014, 08:10:20 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?

How does it dilute the shares in the pool?

I think he means that dividends will decrease because of the lower payouts for gen2. But once gen2 goes live the revenues should make up for it.

What James said sounds reasonable.
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #614 on: December 11, 2014, 08:12:23 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?

How does it dilute the shares in the pool?
I think the concern is that new purchases that go to gen2 will be idle cash and not producing dividends, but still they will share in the pool dividends.

However, the flip side is that whenever the gen2 becomes available, this formerly idle cash is now providing gen2 ASIC that maybe would not have been available otherwise. My assumption is that it will be backordered for a while and the largest customers are getting theirs filled first due to the golden rule.

So, it is a risk about the exact timing of gen2, the increased performance (if it can essentially multipool the gain could be 3x), greater longevity, and faster availability. These are things that are not knowable, but this is the point of a pool isnt it?

To share risk and get the average result. So, this is achieved. It wont be the absolute best possible result obtained by psychically knowing the exact right date to switch, but it also wont be the absolute worst result possible which could be caused by misjudging some factor.

I prefer to have as large a percentage of HRLTCgear to be in 2nd gen hardware. Maybe for the next month this is suboptimal, but what about all the months after that?

James
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Sebastien256

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #615 on: December 11, 2014, 08:13:39 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?

How does it dilute the shares in the pool?

I think he means that dividends will decrease because of the lower payouts for gen2. But once gen2 goes live the revenues should make up for it.

What James said sounds reasonable.

That is exactly what I mean. I'm note sure it is ok to do this with the current asset model. I would be better to sell my share now and buy them at fix 1Nxt price with gen2 enter in function. If such a thing happen, I think a sell wall will appear on the AE.
« Last Edit: December 11, 2014, 08:15:49 pm by Sebastien256 »
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #616 on: December 11, 2014, 08:29:07 pm »

I suggest to only reinvest (also new purchases) toward the gen2 asic

How is that possible without diluting the current shares in the pool?

How does it dilute the shares in the pool?

I think he means that dividends will decrease because of the lower payouts for gen2. But once gen2 goes live the revenues should make up for it.

What James said sounds reasonable.

That is exactly what I mean. I'm note sure it is ok to do this with the current asset model. I would be better to sell my share now and buy them at fix 1Nxt price with gen2 enter in function. If such a thing happen, I think a sell wall will appear on the AE.
I doubt there will be any large percentage of overall pool being allocated to the gen2 in the short time
so maybe we are talking a 10% factor here, so if you are exiting for reentry, make sure to get full price
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pf

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #617 on: December 11, 2014, 08:38:28 pm »

Does that mean LTCGear is about to go belly up? Totally liked the idea of mining assets :(

No.
An affiliate system is just a marketing strategy where you get rewards by convincing other people to sign up or something. It doesn't affect the actual product.

Yes, but 35%  ?   Isn't it just a little to much for a marketing strategy? Sure looks like last minute deals to me :) Sorry for off-topic.
hey
I think what he means is that the affiliate bonus used to be 11% of the total sale
I think he means that people will only be seeing 35% of that 11%.

no it's 35% on payment. For example for the big pack 899$ the affiliate payment is 314.65$
When did this change take effect? and is it true for all LTCgear accounts?
« Last Edit: December 11, 2014, 08:40:55 pm by pf »
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Mexxer

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #618 on: December 11, 2014, 09:12:33 pm »

When did this change take effect? and is it true for all LTCgear accounts?

Today.
https://litecointalk.org/index.php?topic=23764.0

I think it's for everybody but not sure. It would definitely mean that you could get shares for a 24% discount until dec 15th.
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jl777

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Re: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH
« Reply #619 on: December 11, 2014, 09:50:06 pm »

Since the DOGE is mergemined with LTC, does that mean the payouts are including DOGE? Or is the secret plan Chris has to become the DOGE master?
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