Yet again you show you’re inept at comprehending things it’s not 25-35% it’s 5-20% of initial share price > The fee is around 5% – 20% of initial share price and it can be calculated only at the end of the year.
All fees shown by people have been well within the 5-20% price bracket of initial share pricing.
I worked out how much I spent on my shares at the end of September just after the Multiplication kicked in. Anyhow, I’ve got 17014 qASIC’s, or 4 x 160 Mh/s pack, a 83 Mh/s pack, I converted shares from BTC to shares on December the 19th (Last day I got paid) which was @ the 300 Mh/s pack rate (3376 qASICS). I bought 100 qASICS from the LTCGear Forum Shop for $35.99 and the other 6400 came from transfers myself and a trusted user on the forum which at the time, the price of shares where going for 3000 for $899.
So my grand total for 17014 shares is $6927.74. I have 20 Gen2 ASICS as well but they only cost me $295 with a discount coupon around at the time so you can add another $590 to the total. $7517.74 is what I spent in the LTCGear shop. If I use the max fee % mentioned in the ad for the 300Mh/s packs etc, it’s 20%.
20% of $7517.74 = $1503.548 or at $225 a Bitcoin its 6.70 Bitcoins.
BUT My fee after only being a member from the 26th September till the 19th December, not even three months of the promised 1 years power and maintenance fees covered when you bought shares from the LTCGear shop. My fee is
28.98710000 BTC or $6522.0975 @ $225 per Bitcoin. Or 86.75% my maintenance fee works out to be.
Disgusting is all I can say.
Anyhows thanks for listening to my rant. I’ve been a long time lurker of this forum but never popped my head in and said hello. Somewhat active on LitecoinTalk forum though, but that’s not the best environment to have constructive conversations and discussions about what to do since it always seems to ends in arguments.
**fixed spelling mistake