Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 103. (Read 422328 times)

I believe he was referring to people that purchased rig rental contracts for this promotion

The difference between your analogy and what is actually happening is that it costs you very little to nothing to redirect your miners to a different pool. Comparatively, a plane ticket or x hours of my time driving to your house would cost a lot more and hence have a right to be upset. A better analogy is that someone walked up to you on the street and decided to give you some money for free. Next they decide to give you less than they proposed but still money for free. How much of a right do you have to complain when it takes absolutely 0 effort (in your case minimal effort) and your getting something for nothing?

However, that being said I do agree with you to some extent that changing the rate without notice is a rather dick move, but eh your still getting more LTC there than you would anywhere else.

By changing the terms, they are already pissing off a lot of miners. It doesn't help their case considering after the promotion ends, they will lose at least 90% of their hash rate instantly.

Have fun collecting our scrap amounts of mining fees when we will all switch to next profitable pool. Just make sure you don't change the fee rate overnight, after already determining one, on the very few stragglers who remain to make ends meet after this half-ass promotion.

Miners came because of profit and I'm sure they will leave because of profit.

ceX.io  SPAM  SPAM SPAM.

NO,WIDTHRAWAL.  NO, TRANSFER CONFIRMED

Trust me, that clause has been there for a long time. It's in their TOS and I remember when I signed up like 4 months ago the rule was in place. So if it makes you feel any better they didn't add this clause suddenly just to scam you.

Hey, don't be greedy, they gave you (some) free coins

Really, think about it - it's a pyramid scheme. They cannot possibly pay you twice the amount you mined, unless (a) they put their own money in it (unlikely) or (b) they wait 48 hours for other newbs to mine enough coins to pay out the first miners. And we wouldn't be surprised if the 48 hours turns out to be a moving target too, right? 

Standard for what, to pull a Gox?

I never had a legitimate pool hold my funds for 48 hours before being able to be paid out. The ones that did have any trouble usually soon went under.

In 48 hours they can be holding a lot of coins with all the hashrate they pulled in with the already dubious promotion, assuming most accounts are new like mine.

I'm pretty sure that's standard, don't be too alarmed. Should be fine once your account gets past the time restriction period. But yeah, I've never had that great of an experience with Cex either.

So, not having much trust in CEX.IO after the reward shenanigans, I finally get a few litecoin accumulated in my wallet there and go to do a test withdrawal only to be met with the following error:


Inspiring confidence every step of the way, aren't they?

I dont see this so much as greed as much as people being irritated because of an unexpected change that cost them value. People connect to pools with the intention of seeking mining profits; the information that CEX communicated (the promotion) was used by people to make investment decisions that may ultimately prove unprofitable. Im sure we are all appreciative of the fact that they had the promotion in the first place; we are just frustrated that such a large change to an informal agreement would happen without prior notice. I would much rather see them completely stop the promotion rather than harm their finances, but a little prior notice could have saved a lot of heartache. Also, while I understand the precaution they are taking to not dominate the network, and applaud it; the fact of the matter is any one could have told CEX that all of the ltc mining community would attempt to participate in this promotion. It is borderline foolish to have been ignorant of this. This is also bad from a customer relations standpoint; in scenarios like these were you don't have a choice but to defy user expectations about something, you usually apologize profusely and try to accommodate the user as much as possible with respect to the issue (the loss of income to CEX because of the promotion).

A change with no prior notice (the lowering of the bonus), and a subsequent modification of THAT change (the payout tiers), along with a "Thanks for your understanding", is not that. From a business minded viewpoint I condone the decision to alter the promo, but this was simply not handled like it should have been with respect to the customer.

So for all that would cry greed, I have a proposition for you. You can travel to my house (at your expense) and have my car for free; but when you arrive I will give you my bicycle instead. How would you feel about that?


Especially if you had purchased a plane ticket?

~Green

Greed? This is capitalism, its BUILT on greed.

Anyway, sweet bait and switch. They could just as easily limit registrations. Wont be back and I'll tell everyone how shitty they are.

I think you mean how greedy humanity has become. Greed certainly isn't limited to this community and certainly existed a long long time ago here.

Sadly, how greedy the crypto community has become.

Yep they just lost my loyalty. I will use and abuse them now, once this 2x deal is up they can sod off.

They are liars., change the rules of the game ... when the game has already begun 

This is stupid, just close the registrations and will not have 51% 

First win and this is your first followers .... 

Legally, I doubt they've actually made a contract with you that they've broken (as more than likely is a clause to change whatever they like whenever they like). Sure it sucks that they didn't fulfill all their promises but put it this way at least you greedy people are getting 1.25 and last time I checked 1.25 > 1. Take it while you can as nobody is going to operate at a loss for a significant period of time.

Of course they can change the rules, and of course "their" being no fine print or contract means they can decide to even start charging us LTC for the privilege of mining on their pool. However we can also dislike this kind of bait'n'switch in any way we prefer, so stop crying about it.

thanks for screwing us over CEX!
first the 40Gh/s limit and now you lowered it to 25?!.. why is that? you are afraid of 25%?
tomorrow you are going to give us "To prevent getting 51% we're limiting the promotion to 1Mh/s"?!?

cex.io prooved once more they are nothing more than scammers.
pathetic poor little twats

Common sense is that contract can be made even without a paper. They have made promise, they do not keep their world. They are liars. Easy. Now they are giving just x1.25 and this sux.

And ofcourse their LTC are not for free. I have prepaid much more there because of my lousy trading GHS/BTC