Author

Topic: ... (Read 721 times)

sr. member
Activity: 252
Merit: 250
...
May 15, 2014, 01:59:04 AM
#4
with mining you are basically breaking even generally

your hope is that bitcoins will go up and you are holding the coins

sr. member
Activity: 406
Merit: 250
May 15, 2014, 12:21:11 AM
#3
The issue is that the market mentality of the people there drive the price well beyond anything remotely reasonable. I used to buy gh there while waiting for enough to accumulate to trigger an auto pay out. Often I sold them at a small gain in addition to the satoshis they mined. With the fees they have now that it isn't profitable to do even that. 
legendary
Activity: 4354
Merit: 3260
May 15, 2014, 12:03:17 AM
#2
Quote
Because cex.io is able to sell GH/s for more BTC than it will ever mine, they don’t have to have any mining capacity at all.

They can simply pay mining revenue out of the initial payment and keep the difference as profit.
full member
Activity: 197
Merit: 100
May 14, 2014, 09:51:15 PM
#1
...
Jump to: