Buy Hashing power at CEX.io - do you think it's legit? - page 2.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Mitchell on October 17, 2013, 05:34:46 PM

Aaaaand, I just received spam from them. So my trust in them (the little I had) is now completely gone. If you need to send spam as a company, you are either a huge scam or even a bigger scam.

Terms and Conditions may apply, it's not spam if you gave your email address and agreed with the terms.

Mitchell

copper member

Activity: 3948

Merit: 2201

Verified awesomeness ✔

Aaaaand, I just received spam from them. So my trust in them (the little I had) is now completely gone. If you need to send spam as a company, you are either a huge scam or even a bigger scam.

udet4food

sr. member

Activity: 413

Merit: 250

Quote from: Novalok on October 17, 2013, 11:29:02 AM

Its really not a bad deal.
Look at it this way. Currently you purchase Ghash ~.135-.140 which in turn generates ~.00005000-~.00005500 at the current difficulty per block currently averaging 3 blocks per hour so roughly .00015000 per hour.
Now with that your looking at .0036 BTC a day. which in turn at this difficulty turns to .108 BTC a month.
Now take your .108btc and sell your Ghash after 30 days, if you get more than .03-.04 for it... Which you will. You have made not only ROI but a small profit.

So if you by 10Ghash or hell make it 13 for safe measure, you should make ~1BTC at a current cost of 1.35-1.6 BTC. In which after you make your 1BTC, you sell back the Ghash at ~ 1BTC

So see its all about money now. vs money later

LOL. Are you sure you understand the difficulty will continue to increase for few months for sure? It shows no signs of slowing don, still at a rate about +30% every 10 days

clock27

sr. member

Activity: 308

Merit: 250

im lovin cex.io

so far so good IMO

keep up the good work cex peeps

Novalok

full member

Activity: 210

Merit: 100

Its really not a bad deal.
Look at it this way. Currently you purchase Ghash ~.135-.140 which in turn generates ~.00005000-~.00005500 at the current difficulty per block currently averaging 3 blocks per hour so roughly .00015000 per hour.
Now with that your looking at .0036 BTC a day. which in turn at this difficulty turns to .108 BTC a month.
Now take your .108btc and sell your Ghash after 30 days, if you get more than .03-.04 for it... Which you will. You have made not only ROI but a small profit.

So if you by 10Ghash or hell make it 13 for safe measure, you should make ~1BTC at a current cost of 1.35-1.6 BTC. In which after you make your 1BTC, you sell back the Ghash at ~ 1BTC

So see its all about money now. vs money later

po1992one

full member

Activity: 133

Merit: 100

Obviously, if it was good deal, the CEX.io would not sell the hashing power

Unless difficuty starts falling soon, but it wont happen Wink

pedrog

legendary

Activity: 2786

Merit: 1031

Legit, but doesn't seems to be a good deal for the buyer...

icem3lter

sr. member

Activity: 281

Merit: 250

Quote from: Zakryze on October 16, 2013, 04:14:04 PM

Quote from: ?? on ??

Quote from: monbux on October 16, 2013, 03:48:55 PM

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

Now, if CEX.io is legit, then I think you are calculating it wrong. You are able to sell these GH/s back to the market, for the same, or lowered price. Or maybe even higher price.

Why would GH/s be priced higher when the difficulty becomes higher? Roll Eyes

have you ever heard of the greater fool theory?

http://en.wikipedia.org/wiki/Greater_fool_theory
Grin

Not unrealistic, considering the best profit of ASIC miner is sell it immediately after you receive your preorder

Zakryze

sr. member

Activity: 308

Merit: 250

Quote from: ?? on ??

Quote from: monbux on October 16, 2013, 03:48:55 PM

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

Now, if CEX.io is legit, then I think you are calculating it wrong. You are able to sell these GH/s back to the market, for the same, or lowered price. Or maybe even higher price.

Why would GH/s be priced higher when the difficulty becomes higher? Roll Eyes

have you ever heard of the greater fool theory?

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

Now, if CEX.io is legit, then I think you are calculating it wrong. You are able to sell these GH/s back to the market, for the same, or lowered price. Or maybe even higher price.

Zeek_W

sr. member

Activity: 336

Merit: 250

Quote from: Mitchell on October 16, 2013, 11:07:20 AM

Quote from: Zeek_W on October 16, 2013, 11:06:26 AM

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

You can't factor in second hand value of Gh/s though? It's something that still puzzles me

Oh yeah. I totally forgot about that. But still, that price will just go down in the coming two months, I don't think it changes a lot.

I am valuing it at 50% what I paid. Nothing to quantify it, just speculation.

Mitchell

copper member

Activity: 3948

Merit: 2201

Verified awesomeness ✔

Quote from: Zeek_W on October 16, 2013, 11:06:26 AM

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

You can't factor in second hand value of Gh/s though? It's something that still puzzles me

Oh yeah. I totally forgot about that. But still, that price will just go down in the coming two months, I don't think it changes a lot.

Zeek_W

sr. member

Activity: 336

Merit: 250

Quote from: Mitchell on October 16, 2013, 10:59:15 AM

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

You can't factor in second hand value of Gh/s though? It's something that still puzzles me

Mitchell

copper member

Activity: 3948

Merit: 2201

Verified awesomeness ✔

Without a increase in difficulty it would take around 2 to 3 months to hit ROI. But difficulty will increase and the price will drop, so I guess this is not profitable.

Quote

Hardware break even: 76 days
Net profit first time frame (3 months): 3.95 USD

Zeek_W

sr. member

Activity: 336

Merit: 250

Quote from: hulk on October 16, 2013, 09:47:38 AM

Quote from: Novalok on October 16, 2013, 09:18:54 AM

The price per GH, has fallen over .1 btc so far, soon it will be like .07-.09 a ghash... Not horrible.

Current price 0.13 GH/S. Hm.... wonder if its good entry price...

yeah its damn low - I've been pumping spare BTC into it this afternoon.

This is my referral link for those who want to help me:
Cex.io

hulk

sr. member

Activity: 392

Merit: 250

Quote from: Novalok on October 16, 2013, 09:18:54 AM

The price per GH, has fallen over .1 btc so far, soon it will be like .07-.09 a ghash... Not horrible.

Current price 0.13 GH/S on cex.io. Hm.... wonder if its good entry price...

Novalok

full member

Activity: 210

Merit: 100

The price per GH, has fallen over .1 btc so far, soon it will be like .07-.09 a ghash... Not horrible.

hulk

sr. member

Activity: 392

Merit: 250

Can hardly ROI with cex.io now, the Bitcoin difficulty willl the biggest rise every in history in few hours time.

neordicICE

hero member

Activity: 505

Merit: 500

Quote from: Shallow on October 16, 2013, 01:07:56 AM

Should be interesting to see if they can keep up with difficulty increases.

You mean decreasing cost per 1 GH/s as difficulty rises ?
They do poor job here

stefffe

full member

Activity: 131

Merit: 100

Quote from: bbxx on October 16, 2013, 02:46:20 AM

You can make roi with it and sell gigs when you need btc

Good deal but you have to set stop loss

Pretty sure I will make roi, but then I will sell shares at a lower price than I bought them for...still a little profit

Topic: Buy Hashing power at CEX.io - do you think it's legit? - page 2. (Read 7272 times)