**CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 146.

IYFTech

hero member

Activity: 686

Merit: 500

WANTED: Active dev to fix & re-write p2pool in C

Completely agree dude, I'm so not interested in anything to do with the USD - it and the US admin can no longer be trusted.

This is a btc exchange where people buy, sell & mine btc - that's why we're all here. Introducing any fiat currency charges, especially $ ones, is risky to say the least and will only appeal to US residents - the rest of the world (the majority) will just go somewhere else to do their business. No other pool charges fees in fiat - why is this one being different? It raises too many questions & I just don't trust it I'm afraid.

Peace Grin

Jude Austin

legendary

Activity: 1140

Merit: 1000

The Real Jude Austin

Quote from: PatMan on October 31, 2013, 12:08:29 PM

I'm sure more people are more comfortable paying in btc, at least they know then where they stand & know that they're not paying any conversion/commission rates from btc to USD. As soon as fiat currency gets involved then it's asking for problems, especially when it's US currency - men in black suits will be closing the whole thing down before you know it. Look around.

Agreed.

Or perhaps a percentage of the mining pool.

Something everyone is more familiar with.

We all know how to do the math but we never see fees in $.

PatMan

hero member

Activity: 924

Merit: 1000

Watch out for the "Neg-Rep-Dogie-Police".....

I'm sure more people are more comfortable paying in btc, at least they know then where they stand & know that they're not paying any conversion/commission rates from btc to USD. As soon as fiat currency gets involved then it's asking for problems, especially when it's US currency - men in black suits will be closing the whole thing down before you know it. Look around.

Andrey

hero member

Activity: 588

Merit: 500

Quote from: PatMan on October 31, 2013, 11:16:56 AM

"What would you prefer, low price in USD, or several times higher price in BTC?"

I'd prefer it in btc no matter what the fee is, cos that's what we are all dealing in. As for the server costs guess - does that mean that if their servers were in China we'd all have to pay in yen? Of course not - so why dollars? They have to convert their costs from btc into whatever currency they have to pay out anyway Tongue

My guess would be that they use USD as more ppl comfortable with it then with currency they use in their datacenter location.

PatMan

hero member

Activity: 924

Merit: 1000

Watch out for the "Neg-Rep-Dogie-Police".....

"What would you prefer, low price in USD, or several times higher price in BTC?"

I'd prefer it in btc no matter what the fee is, cos that's what we are all dealing in. As for the server costs guess - does that mean that if their servers were in China we'd all have to pay in yen? Of course not - so why dollars? They have to convert their costs from btc into whatever currency they have to pay out anyway Tongue

tk1337

sr. member

Activity: 266

Merit: 250

Quote from: PatMan on October 31, 2013, 10:45:48 AM

Quote from: mobile on October 31, 2013, 09:26:09 AM

Whats up with the orphaned blocks within the last 3 hours? https://blockchain.info/blocks/GHash.IO

Awesome that GHash.IO is ranking second for the most power in the mining pool line up. Holding 21% of the networking hashrate.

It seems they are still having some issues, but it's much better than it was - I moved my miners back now that it's settled.

With regards the proposed fee - why is it being calculated in USD? Surely it would make more sense to do it in btc? After all, that's the currency that everyone is using here......I'm sure I'm not the only one who wants to stay away from the USD?

If it were .001 BTC instead of USD (lets hope it isn't a type-o on their site) then you definitely wouldn't make any money from buying GH/s, heck .001 BTC per hour per GH/s you wouldn't even make anything trading GH/s, unless you did it within the first hour.

Andrey

hero member

Activity: 588

Merit: 500

Quote from: PatMan on October 31, 2013, 10:45:48 AM

Quote from: mobile on October 31, 2013, 09:26:09 AM

Whats up with the orphaned blocks within the last 3 hours? https://blockchain.info/blocks/GHash.IO

Awesome that GHash.IO is ranking second for the most power in the mining pool line up. Holding 21% of the networking hashrate.

It seems they are still having some issues, but it's much better than it was - I moved my miners back now that it's settled.

With regards the proposed fee - why is it being calculated in USD? Surely it would make more sense to do it in btc? After all, that's the currency that everyone is using here......I'm sure I'm not the only one who wants to stay away from the USD?

maybe cause cex.io pays the hosting center bills with those money? They either set it in USD to cover known expenses or set price in BTC and include the risks of USD / BTC ratio falls and they won't be able to cover expenses.

What would you prefer, low price in USD, or several times higher price in BTC?

PatMan

hero member

Activity: 924

Merit: 1000

Watch out for the "Neg-Rep-Dogie-Police".....

Quote from: mobile on October 31, 2013, 09:26:09 AM

Whats up with the orphaned blocks within the last 3 hours? https://blockchain.info/blocks/GHash.IO

Awesome that GHash.IO is ranking second for the most power in the mining pool line up. Holding 21% of the networking hashrate.

It seems they are still having some issues, but it's much better than it was - I moved my miners back now that it's settled.

With regards the proposed fee - why is it being calculated in USD? Surely it would make more sense to do it in btc? After all, that's the currency that everyone is using here......I'm sure I'm not the only one who wants to stay away from the USD?

mobile

sr. member

Activity: 400

Merit: 250

the sun is shining, but the ice is still slippery

Whats up with the orphaned blocks within the last 3 hours? https://blockchain.info/blocks/GHash.IO

Awesome that GHash.IO is ranking second for the most power in the mining pool line up. Holding 21% of the networking hashrate.

tk1337

sr. member

Activity: 266

Merit: 250

Quote from: Jude Austin on October 30, 2013, 09:35:10 PM

Quote from: high110 on October 30, 2013, 09:32:13 PM

Can you explain what's the deal with implementing the fee $.001 per GHS per hour on Nov. 1?

I second this.

And how would that be deducted from our account?

Quote

We are planning to implement the maintenance fee starting from November 1st. The amount is still being decided, the approximate cost will be $0.001 per GHS / hour.

Just taking a stab in the dark here, but since just about all hosted mining services charge for maintenance/hosting/etc, this is how they are going to charge for it. But I notice it doesn't say BTC, it says dollars ($), so at the current exchange rate, $0.001 = BTC0.000004998 (GH/s per Hour). According to the genesisBlock if you *started mining at the beginning of October*, you were looking at $0.24-$0.26/day profit, minus about $0.024 for fees, leaving you with around $0.21-0.22 profit (daily per GH/s).

At the current GH/s on CEX.io it would take you about a full month of mining to come close to ROI (at current exchange rate) per GH/s (unless of course you bought low, sold high Wink

). But since we're hitting November in less than a day, you're really only going to have one month of mining before estimated diff. jump goes crazy, you wouldn't break ROI at the current market price on CEX.io after they implement fees or even if they don't.

*waits for market price to come down now*

Jude Austin

legendary

Activity: 1140

Merit: 1000

The Real Jude Austin

Quote from: high110 on October 30, 2013, 09:32:13 PM

Can you explain what's the deal with implementing the fee $.001 per GHS per hour on Nov. 1?

I second this.

And how would that be deducted from our account?

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

Can you explain what's the deal with implementing the fee $.001 per GHS per hour on Nov. 1?

IYFTech

hero member

Activity: 686

Merit: 500

WANTED: Active dev to fix & re-write p2pool in C

Does anyone here have a point of view or statement on this post:

https://bitcointalksearch.org/topic/ghashio-and-double-spending-against-betcoin-dice-321630

I'm not taking any sides or making any accusations, I'm just interested in what you make of it.

Peace.

Vani

full member

Activity: 140

Merit: 100

Compliments for the website. I registered a few days ago. The site is pretty new - so some works needs to done - but it looks promising to me Wink

bitcoiner49er

sr. member

Activity: 457

Merit: 250

When will your stoploss and short sell options be available?

CEX

legendary

Activity: 1227

Merit: 1003

Quote from: dank on October 30, 2013, 12:50:12 PM

So when one buys a GH, does it start mining automatically? How often are BTC added to the wallet?

When one buys a GHS - it starts mining automatically.
The BTC are added to the wallet as soon as a block is mined.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

So when one buys a GH, does it start mining automatically? How often are BTC added to the wallet?

champsak

newbie

Activity: 49

Merit: 0

Quote from: Lfr on October 30, 2013, 11:44:26 AM

is their server offline now or is it for me only? Grin

it's offline for me as well.

kickbit

sr. member

Activity: 276

Merit: 250

In Blockchain We Trust!

Quote from: Lfr on October 30, 2013, 11:44:26 AM

is their server offline now or is it for me only? Grin

Nope, all fine. It's only for you Grin

Lfr

newbie

Activity: 7

Merit: 0

is their server offline now or is it for me only? Grin

Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 146. (Read 422328 times)

Topic: CEX.IO Bitcoin Exchange Buy Bitcoins with Cards in iOS / Android App*** - page 146. (Read 422328 times)