Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 74. (Read 422328 times)

Its gonna be tight. Due to the sudden rise of BTC exchange rate and plummeting of hashrate (or more likely: luck), its too close to call now. At current price and D estimate, 1GH would mine $0.1796 per month for $0.18 in fees. Could go either way, but whichever way it goes, the NAV of a 1GH share is so close to zero, it might as well be zero.

Let me  guess a higher maintenance fee.. Due to price drop of btc

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Zakir i have 2.2 mhs mining scrypt coins at ghash.io multi coin.   not 2.2 mhs mining bitcoin...

Just wait 2 days...

2.2 MHs is so low. Even with ~54 GHs I am getting a few uBTC. I think it will be better for you to buy some more, at least near to 1 GHs. Good luck!

  ~~MZ~~

I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....

I am mining for like 4 hours straigth with 2.2 mhs at ghash multipool. and after like 120 + blocks from different coins i have not yet gained a single btc converted...


All blocks having confirmations and shares of mine but nothing. What is wrong?

329066   WDC   2014-09-23 23:46:13   1493192   40.71587126   20   2816/8292513   0.00000000   0.00000000
329065   WDC   2014-09-23 23:44:58   1493190   40.71587126   22   1280/2535542   0.00000000   0.00000000
329064   WDC   2014-09-23 23:44:35   1493189   40.71587126   23   2176/5447845   0.00000000   0.00000000
329063   WDC   2014-09-23 23:43:10   1493188   40.71587126   24   2688/8187324   0.00000000   0.00000000
329062   WDC   2014-09-23 23:41:56   1493186   40.71587126   26   512/871007           0.00000000   0.00000000
329061   WDC   2014-09-23 23:41:48   1493185   40.71587126   27   7808/17746990   0.00000000   0.00000000
329060   WDC   2014-09-23 23:39:08   1493184   40.71587126   28   384/2725730   0.00000000   0.00000000
329059   WDC   2014-09-23 23:38:42   1493183   40.71587126   29   3520/10006090   0.00000000   0.00000000
329058   WDC   2014-09-23 23:37:12   1493182   40.71587126   30   2432/6154212   0.00000000   0.00000000
329057   WDC   2014-09-23 23:36:16   1493181   40.71587126   31   2752/7838192   0.00000000   0.00000000


329032   POT   2014-09-23 23:09:40   443049   210.00000000   ORPHAN   320/831064   0.00000000   0.00000000
329031   POT   2014-09-23 23:09:33   443048   210.00000000   21   512/3199132   0.00000000   0.00000000
329030   POT   2014-09-23 23:09:04   443047   210.00000000   22   1472/3525447   0.00000000   0.00000000
329029   ANC   2014-09-23 23:06:20   245600   5.00000000     1   17536/57059048   0.00000000   0.00000000
329028   POT   2014-09-23 23:05:33   443043   210.00000000   26   1408/3086174   0.00000000   0.00000000
329027   POT   2014-09-23 23:05:07   443042   210.00000000   27   1664/3632146   0.00000000   0.00000000
329026   POT   2014-09-23 23:03:40   443037   210.00000000   ORPHAN   4160/13088893   0.00000000   0.00000000

------
Official Press Release: http://blog.cex.io/cex-io-upgrades-fiat-beta-to-the-official-release-and-expands-the-range-of-trading-pairs/
Coindesk review: http://www.coindesk.com/cex-io-us-dollar-deposits-trading-pairs/
And here’s a nice video for you to watch: https://www.youtube.com/watch?v=dfFlr9imxLg&feature=youtube_gdata_player

CEX rocks, i love to use them

I'm also assuming logictense is missing a zero in those prices, e.g. .0019 and .0044, otherwise that makes even less sense...or maybe he bought at .019 and meant he was to sell at .0044 (but it's never going back there) or .00044 ;-)

What are you smoking? Price was never 0.019 at cex.io, well not until today.
ANd who do you think you'd sell it for at .044?

I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.
I used to have a BFL 30 ghs miner, which i had directed to CEX.io a few months ago. The main reason I did this was to collect the merge mined IXcoin, Devcoin, and Namecoins, at 0% pool fee, a service not offered by BFL's pool, or Bitminter.

Sold all ghs i had in a good value just waiting for this day.

Well said. Unless there is a drastic drop in fees, fireworks start shortly.

Its gonna happen in ~4 days. Current projections show next difficulty will be 35.8B. At that difficulty, and todays exchange rate, 1GH would mine $0.1607 per month. Cex.io maintenance fees are $0.18 per month. Game over.

BTW, if my math isnt wrong, theoretically 1 share ought to mine
0.00001686 BTC per day now
Subtract maintenance fees ($0.15/30 days/$381 per btc)
-0.00001572 BTC
= 0.00000113 BTC dividend per day.
Multiply by 4 remaining days and I get
0.00000453 BTC

That would be fair value.

Its trading 640x higher lol.

or maybe none of this

No idea...maybe greed, maybe stupidity...maybe everybody is trading and not mining...

So why the price is that high then?

Actually at projected next difficulty rise 20% and BTC exchange rate at $400 this is going to happen within 2 weeks and according to point 11.5 of their terms they can just stop hashing and the game is over https://cex.io/terms

It's amazing how ridiculous the cex.io GH/BTC prices are. I can't believe anyone would pay the going rate of BTC0.0038--that's nearly 100 times the actual value I calculate with 12% difficulty increases, which values 1 GH at 0.000051. Currently 1 GH brings about BTC0.000017 per day, but maintenance is 0.18/30/450=BTC0.0000134. So net profit/day is .00000347. Yes, that's 5 zeros. That means a 1096 day ROI with NO difficulty increases. Is that sane?

With 12% diff increases, we are about a month away from implosion. Please be careful.

I will be watching with interest when difficulty reaches 37.5 billion--that's when SHTF. This depends on BTC price, of course, but not that much, unless we go much higher.