So yesterday I found out this site that its the literal meaning of too good to be true called "ltcminer.io". Me being me I decided to check out the site and their "Proof of payments" to check whether this site actually pays out or not. The Payout tab looked really convincing in terms of legitimate LTC transactions that I have checked my self. Their packages were really hard to believe with what they are paying out.
I chose the V1.1 where it costs 1 LTC and it allegedly gives you 0.2 LTC daily. I know for a fact I will not going to be getting 0.2 LTC daily but then again the sole purpose of me doing this is to test out whether the service is legitimate or not.
So Day 1, I still do not sh*t about the site and I decided to receive my first payout of 0.01 LTC (The minimum withdraw amount) and surprisingly it went through and I have successfully received it. So I waited until their "Godly" computers mine more LTC for me and after a couple of hours I had about 0.1 LTC in my balance, decided to withdraw it and it went through again.
Now I am kind of confident that the site will pay me ! but hold on..After receiving my payment I decided to check my Account tab and I saw that my IPV (Instant Payout Value) is 0.025 LTC which means I can only withdraw that specific amount and if I withdraw any amount higher than that I would have to either wait "10+" days to be manually processed OR upgrade to the next package to increase my IPV.. (Bare in mind after withdrawing 0.025 LTC the IPV went to 0)
Now at this point i came into conclusion that they will either (A) They made me withdraw about 0.15 LTC to boost my confidence and never pay me back and tried to persuade me into upgrading for a higher package so that they will "increase my IPV" , (B) They actually will pay me the mined LTC after 10+days
At the end I only did this experiment to actually TEST it by myself and to give a heads up to possible people who are interested in investing in this site, I will be updating this forum after 10+ days if I do receive my payments or not
For those wondering the company says on their site that they do have an address as well as a phone number but I cant manage to get in touch with them.