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Topic: CEX.IO - page 11. (Read 69772 times)

sr. member
Activity: 252
Merit: 250
October 21, 2013, 04:09:46 PM
Question,

Say I buy 5GH/s, and the difficulty increases.  Am I right to assume that the value of 5GH/s dramatically decreases?
hero member
Activity: 686
Merit: 500
October 21, 2013, 03:33:01 PM
can anyone comment on the returns they are seeing from this? worth buying into? thanks.

I made some returns trading up to 40 GH/s back and forth. Around 0.5 BTC + the mining income. Most likely I was just lucky, though. I don't really understand how people overvalue this hashpower so much.
that's what i don't get. it just seems like a bad move to make given other investment options. the only way it works, it seems, is because so many people overvalue the hashpower, so basically just passing the buck onto the next gullible person. kind of like the bitcoin potato....
sr. member
Activity: 658
Merit: 250
October 21, 2013, 02:46:57 PM
can anyone comment on the returns they are seeing from this? worth buying into? thanks.

I made some returns trading up to 40 GH/s back and forth. Around 0.5 BTC + the mining income. Most likely I was just lucky, though. I don't really understand how people overvalue this hashpower so much.
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
October 21, 2013, 01:45:16 PM
can anyone comment on the returns they are seeing from this? worth buying into? thanks.

If you are talking about buying hundreds of GH/s you'r better off buying hardware if you want the pay off to be from mined coins.
You can also speculate buy some at .13xxx and sell later at .18xxx  with added bonus that its mining coin while waiting for price to swing your way. (note it may never do so)

I have a whopping 5.84GH/s invested and here are my last few returns

Code:
5285776	2013-10-21 17:18:21	0.00027309 xxxxxxx	 MINING	Block #265106 (25.3995), Score: 10752/1000006450=0.00%
5283609 2013-10-21 16:22:25 0.00027369 xxxxxxx MINING Block #265094 (25.1555), Score: 10880/1000005741=0.00%
5281868 2013-10-21 15:47:49 0.00026446 xxxxxxx MINING Block #265088 (25.0438), Score: 10560/1000007518=0.00%
5280247 2013-10-21 14:51:32 0.00026482 xxxxxxx MINING Block #265084 (25.0022), Score: 10592/1000006413=0.00%

as the pool gets larger my share gets smaller as difficulty goes up time for each block will go up.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
October 21, 2013, 01:28:20 PM
can anyone comment on the returns they are seeing from this? worth buying into? thanks.
member
Activity: 74
Merit: 10
Cookies!!! Gimme Cookies!!!
October 21, 2013, 12:29:06 PM
I had an affiliate question if neone could help. Does your affiliate have to buy 1btc worth of gh/s in one transaction or will you get the 1 gh reward when your affiliates reach 1 btc in buys even if that is over multiple buys?

TY in advance for your help.

hero member
Activity: 615
Merit: 500
October 21, 2013, 11:46:24 AM
also still working in New Zealand Smiley
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
October 21, 2013, 11:43:07 AM
fine for me also in Califorina
hero member
Activity: 532
Merit: 500
Are you like these guys?
October 21, 2013, 10:21:10 AM
Is CEX.IO down for anyone else atm?

Seems normal, I just withdrew some coins a few minutes ago. Seems to be fully functioning from what I can tell here.
member
Activity: 74
Merit: 10
Cookies!!! Gimme Cookies!!!
October 21, 2013, 10:19:06 AM
Is CEX.IO down for anyone else atm?
hero member
Activity: 532
Merit: 500
Are you like these guys?
October 21, 2013, 12:55:07 AM
I bought 0.36101079GH and i'm hashing at .48!  Shocked

You have to be happy with that!

As commented, it is likely to smooth down to your purchased level, but if it doesn't let us know exactly what you did and I'm sure a few folks will be anxious to emulate your actions Wink
legendary
Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
October 21, 2013, 12:07:15 AM
I bought 0.36101079GH and i'm hashing at .48!  Shocked

It will come down over time to be at your paid level. It may be up to bring your 1hr ave into line.

you can goto https://www.ghash.io/workers and see a chart of hourly ave for your account.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
October 20, 2013, 11:00:00 PM
I bought 0.36101079GH and i'm hashing at .48!  Shocked
sr. member
Activity: 303
Merit: 250
October 20, 2013, 08:08:02 PM
It is stated that they use "NMC merged mining to cover pool expenses".
Information regarding transaction fees needs to be clarified at their support team I guess.

I've done some simple math with provided mining data, and as far as I can tell, they divide the full block reward (including transaction fees) to miners according to their shares ratio.
hero member
Activity: 532
Merit: 500
Are you like these guys?
October 20, 2013, 07:43:16 PM
Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee?  Smiley
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

Smiley

Well. I've got an answer at cex.io support desk:
"We have 0% fee both for sold GHS and miners connected to ghash.io. I have updated contract details at CEX.IO. Sorry for misleading information.
October 20, 2013 11:11
Alexander V
Cex"

NMC merdged mining worth about 1% of additional income.

Alright, thanks for finding that out, much appreciated. I'm assuming that the merged NMC mining is internal to the ghash.io pool and CEX convert this into BTC and we benefit? I wonder if there's any information on transaction fees? Some pools return a portion of fees to the users as additional revenue but maybe CEX keep these to enable the trades to be free?

-----

Can i sell gh/s that  i physically own or is it only their hashing power?

As far as I know you can only sell their own hashing power. You can however, point your own rig at the ghash.io pool, click the "ghash.io" tab on the top bar of the home page, that will take you to the stratum server info that you need to configure your miner. You need to be registered to use their pool.

Smiley
member
Activity: 66
Merit: 10
October 20, 2013, 07:24:04 PM
Can i sell gh/s that  i physically own or is it only their hashing power?
sr. member
Activity: 303
Merit: 250
October 20, 2013, 03:55:37 PM
Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee?  Smiley
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

Smiley

Well. I've got an answer at cex.io support desk:
"We have 0% fee both for sold GHS and miners connected to ghash.io. I have updated contract details at CEX.IO. Sorry for misleading information.
October 20, 2013 11:11
Alexander V
Cex"

NMC merdged mining worth about 1% of additional income.
hero member
Activity: 532
Merit: 500
Are you like these guys?
October 20, 2013, 04:39:27 AM
Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee?  Smiley
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

Smiley
sr. member
Activity: 303
Merit: 250
October 20, 2013, 04:26:35 AM
Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee?  Smiley
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
October 19, 2013, 06:51:44 PM
thanks, i have to say this is very well designed. added another 92 ghs to make it an even 100 ghs, price is not as cheap as physical hardware purchase but the ability to flip the ghs on a dime instantly and without having to deal/worry about scams/escrow is a big plus.  They have a limited supply of ghs as you cant fake that, so with more and more people get wind of this, price should have some support.

Not looking to make any big money, just cool to get back to mine again.  

I like cex.io.
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