Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 143. (Read 422328 times)
November 04, 2013, 06:37:40 AM
after the brightest morning with GHS to 0.145 , now it's falling as predicted. With some walls left behind. Let's wait and see
November 03, 2013, 11:49:10 PM
Well if you want any outside mining to come in the private pool, you REALLY need to lower the Diff from 512 , it took 8 mins to submitted 1 share , what happens if block is found in that 8 min window ..
November 03, 2013, 08:11:42 PM
The mining reward for blocks 267211 and 267166 had been credited twice due to error, so we rolled it back and credited again correctly. Sorry for the inconvenience caused.
https://www.ghash.io/
https://www.ghash.io/
November 03, 2013, 04:37:23 PM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
Simple formula is : GH/s / 1.4
Read here : https://bitcointalksearch.org/topic/suggestion-for-how-to-choose-a-pool-difficulty-for-miners-274023
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
You are mining on a nearly 1Ph/s pool. There are going to be blocks found rather rapidly. Every time a new block is detected on the network you will see a flushwork so as to minimize stale or rejected shares. This is normal behavior.
edit**cleaned up a run on sentence in the comfort of my home
November 03, 2013, 03:46:49 PM
I've found a new thread to be dumb in.
I'm seeing people say, "0.07BTC/GH/s" is a good buy on CEX. That's $15.
I'm seeing 1GH/s mining $0.25 daily, max, for the next couple days, then $0.020 daily for ten days, then $$0.15 daily for ten days, etc, totalling:
25
20
15
12
9
7
5
4
3
2
1
less than $11, forever, not counting BTC future value, which I'm also not counting in the $15 purchase price.
So are the hashrate buyers on CEX betting on the mining decisions of stupid people? Is CEX a stupidity exchange? Great idea!
I'm seeing people say, "0.07BTC/GH/s" is a good buy on CEX. That's $15.
I'm seeing 1GH/s mining $0.25 daily, max, for the next couple days, then $0.020 daily for ten days, then $$0.15 daily for ten days, etc, totalling:
25
20
15
12
9
7
5
4
3
2
1
less than $11, forever, not counting BTC future value, which I'm also not counting in the $15 purchase price.
So are the hashrate buyers on CEX betting on the mining decisions of stupid people? Is CEX a stupidity exchange? Great idea!
This market is bit crazy right now - we're now at .12 BTC/GHS - it really depends on the actual change...you are estimating it will decrease 25% every 10 days... it may or may not be the case...everyone else on Cex.io is betting that it will decrease at a slower pace. You also have to take into consideration that Cex.io GHs are liquid...meaning it can be sold tomorrow... whereas physical miners take longer to be sold...so... ROI on CEX is more predictable.
Having said that...I will not pay .12 BTC for a GHS...for me that price point doesn't make sense..I'm holding back and seeing where it goes.
November 03, 2013, 02:29:30 PM
I've found a new thread to be dumb in.
I'm seeing people say, "0.07BTC/GH/s" is a good buy on CEX. That's $15.
I'm seeing 1GH/s mining $0.25 daily, max, for the next couple days, then $0.020 daily for ten days, then $$0.15 daily for ten days, etc, totalling:
25
20
15
12
9
7
5
4
3
2
1
less than $11, forever, not counting BTC future value, which I'm also not counting in the $15 purchase price.
So are the hashrate buyers on CEX betting on the mining decisions of stupid people? Is CEX a stupidity exchange? Great idea!
I'm seeing people say, "0.07BTC/GH/s" is a good buy on CEX. That's $15.
I'm seeing 1GH/s mining $0.25 daily, max, for the next couple days, then $0.020 daily for ten days, then $$0.15 daily for ten days, etc, totalling:
25
20
15
12
9
7
5
4
3
2
1
less than $11, forever, not counting BTC future value, which I'm also not counting in the $15 purchase price.
So are the hashrate buyers on CEX betting on the mining decisions of stupid people? Is CEX a stupidity exchange? Great idea!
November 03, 2013, 02:11:31 PM
Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Omg!!! No - diff change in only 2 or 3 days...!!!! Recover your money!!!
RagnarDanneskjold - you just made a killing - current prices are .12 BTC/GHs - sell!!! About 14.2 BTC profit on top of your mining profit =) Well done!!
November 03, 2013, 02:09:37 PM
I do not think of it as a negative thing...
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
Let's be realistic. Obviously, the increased difficulty and the introduction of maintenance fees means the overall value per GH has been dramatically reduced. If you will pay twice as much for half the return, I have a bridge to sell you. In reality, the value of the GH should naturally diminish over time however, it also pays a dividend. With that you can make and informed decision. I see 0.1194/GH/s at the second. I don't think I'm buying into that today. If it got near 0.08 I'm sure you would have a large volume of buying. I believe the bots have some control over cex.io at the moment and artificially inflate the numbers. At that point, you are just day trading. That's a whole different game but destabilizes the exchange.
IMHO
Well said, I agree with your analysis and I duly expect the 8th to be a day which GHS/BTC prices will fall.
November 03, 2013, 02:00:42 PM
I do not think of it as a negative thing...
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
Let's be realistic. Obviously, the increased difficulty and the introduction of maintenance fees means the overall value per GH has been dramatically reduced. If you will pay twice as much for half the return, I have a bridge to sell you. In reality, the value of the GH should naturally diminish over time however, it also pays a dividend. With that you can make and informed decision. I see 0.1194/GH/s at the second. I don't think I'm buying into that today. If it got near 0.08 I'm sure you would have a large volume of buying. I believe the bots have some control over cex.io at the moment and artificially inflate the numbers. At that point, you are just day trading. That's a whole different game but destabilizes the exchange.
IMHO
November 03, 2013, 01:32:57 PM
I do not think of it as a negative thing...
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
Exactly !
Every diff, Miners need more GH/s and Cex.io haven't illimited GH/s to offer...
November 03, 2013, 01:25:53 PM
I do not think of it as a negative thing...
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
November 03, 2013, 08:45:15 AM
Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Omg!!! No - diff change in only 2 or 3 days...!!!! Recover your money!!!
November 03, 2013, 07:22:43 AM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
Simple formula is : GH/s / 1.4
Read here : https://bitcointalksearch.org/topic/suggestion-for-how-to-choose-a-pool-difficulty-for-miners-274023
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
You are mining on a nearly 1Ph/s pool. There are going to be blocks found rather rapidly. Every time a new block is detected on the network you will see a flushwork so as to minimize stale or rejected shares. This is normal behavior.
November 03, 2013, 06:34:15 AM
Anyone who pays over BTC0.07 per G/h needs their heads testing.
In less than 2 weeks CEX.IO's available balance has more than doubled to over BTC1000.
Who's making a killing here?
In less than 2 weeks CEX.IO's available balance has more than doubled to over BTC1000.
Who's making a killing here?
November 03, 2013, 03:13:38 AM
Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Wow.. people aren't afraid of getting in at the moment.. 08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
November 03, 2013, 03:10:19 AM
Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
November 02, 2013, 02:46:00 PM
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
Not a problem, read here : http://mining.bitcoin.cz/stratum-mining
Formula is for the best efficiency
November 02, 2013, 02:36:12 PM
I agree that at fee implementation should generate some selling pressure. Lets see what happens maybe I sold out a little too soon.
November 02, 2013, 02:35:36 PM
Could somebody share a link to a stratum difficulty calculator or a formula? I decided to point my miners to ghash.io and am getting a ton of "stratum requesting new work". I am running only 2.6GH/s with the minimum difficulty set on 16, which is the default to my understanding. I previously was mining on eliguis & do not recall getting so many "new work" requests. Cheers...
Simple formula is : GH/s / 1.4
Read here : https://bitcointalksearch.org/topic/suggestion-for-how-to-choose-a-pool-difficulty-for-miners-274023
edit**Im still getting a ton of requesting new work but perhaps either A)its nothing to worry about or B)lack of knowledge with stratum & pool mining in general.
November 02, 2013, 02:28:30 PM
The more the diff go up, the more we need GH/s...
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
Think about that...
The price will not drop until Hardware cost less.
For the moment i see only Bitfury dropping price in January...maybe KNCminer...
Cointerra, HashFast and Butterfly Labs are out of the race for the end of the year IMOHO
So i don't see the price drop for the next Diff...everybody want more GH/s
I think we have a good month or 3 changes in diff before we see a solid price due. Having said that, on Nov. 8th, there will be a price drop due to the fees being implemented.
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