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Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 81. (Read 422328 times)

hero member
Activity: 812
Merit: 587
Space Lord
CEX.IO together with GHash.IO are not intending to capture the 51% of the overall Bitcoin hashrate.

Our team consists of dedicated Bitcoin adherents, large investors into this cryptocurrency and people who get their wages in Bitcoin. Thus, there is logically no point for us to crash the system and kill the coin.

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.

Have you blocked users from adding additional hashrate already?
hero member
Activity: 616
Merit: 500
something something Bitcoin
Is the previously published mitigation plan still valid?
legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
CEX.IO together with GHash.IO are not intending to capture the 51% of the overall Bitcoin hashrate.

Our team consists of dedicated Bitcoin adherents, large investors into this cryptocurrency and people who get their wages in Bitcoin. Thus, there is logically no point for us to crash the system and kill the coin.

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.

Good to hear. I hope u guys can pull it off. Coz it would be rly bad for you guys and for bitcoin if 51% happen .
CEX
legendary
Activity: 1227
Merit: 1003
CEX.IO together with GHash.IO are not intending to capture the 51% of the overall Bitcoin hashrate.

Our team consists of dedicated Bitcoin adherents, large investors into this cryptocurrency and people who get their wages in Bitcoin. Thus, there is logically no point for us to crash the system and kill the coin.

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.
hero member
Activity: 686
Merit: 500
WANTED: Active dev to fix & re-write p2pool in C
CEX.IO official statement:


We haven’t found any signs of the system being compromised, but we believe that the attack was made from within the former development team.


Was there ever any update to this from CEX? I wonder if their investigation went any further.

No. It was a thinly veiled cover-up. They did it - pure & simple.
sr. member
Activity: 288
Merit: 250
many times the fees charged are higher than the rewards you get from the block, in general if it takes more than 1 hour to solve the block you loose, sometimes the fees are three times higher than the rewards, yet they claim no electrical costs, no hardware costs, that is untill you read their terms where they state the fees comprise of electric costs, hardware costs building costs, staff costs, tax costs etc, it is cheaper to use your own hardware at a trusted pool, you will also get better rewards per block
sr. member
Activity: 288
Merit: 250
i sold my GHs and then mined using my own hardware, they claim no fees for your own hardware but i was still getting fees, i stopped using my hardware so i was not mining at all yet fees were still being deducted days later, cex said that it was not possible and that is all the 'help' they gave me!
if you do not have enough btc to withdraw cex slowly take it all in fees
hero member
Activity: 938
Merit: 502
Hashing power is a depreciating asset, and at the current price you aren't projected to break even buying on CEX.io.  Basically what's happening is everyone on the market is betting that the bubble won't pop while they're holding hashes...
sr. member
Activity: 490
Merit: 280
Theoretically, how would one profit off purchasing cloud mining? Do you guy a certain number of Ghash for a certain price and then wait x number of days to break even? Or make enough mining and then you sell off the Ghashes you bought for profit? If difficulty adjustments slow down and are lower than expected, does that make it more likely that the Ghashs you bought will be worth more money?
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
legendary
Activity: 1890
Merit: 1031
member
Activity: 117
Merit: 10
Long live Bitcoin.
Interesting comments from CEX.IO about future plans on this Q&A:

https://bitcointalksearch.org/topic/m.7038679

What i wait is the "Cloud Scrypt" plan ^^.
And with the already multipool and altcoins added in GHash pool.

Price for KH/s will go to the moon when this plan start...be ready guys Wink

12 altcoins in GHash.IO MultiPool and Darkcoin and more to come they say. I am ready Brother  Smiley
hero member
Activity: 504
Merit: 500
Interesting comments from CEX.IO about future plans on this Q&A:

https://bitcointalksearch.org/topic/m.7038679

What i wait is the "Cloud Scrypt" plan ^^.
And with the already multipool and altcoins added in GHash pool.

Price for KH/s will go to the moon when this plan start...be ready guys Wink
sr. member
Activity: 333
Merit: 250
Ants Rock
member
Activity: 117
Merit: 10
Long live Bitcoin.
Interesting comments from CEX.IO about future plans on this Q&A:

https://bitcointalksearch.org/topic/m.7038679
hero member
Activity: 938
Merit: 502
Again, there are a number of investors in both BDD securities just waiting for people to come flooding out of CEX.io because its so overpriced compared to CEX.io GHs prices.

https://bitcointalksearch.org/topic/havelock-bitcoin-difficulty-derivative-bdd-430137

If you go to Havelock, you can see that even with the current difficulty projection being lower than what we're used to , MINE shares are way overpriced compared to SELL shares because the EXCH share mechanism keeps the two in price parity.  However, SELL has also been paying 15-25% returns every difficulty increase, while MINE pays <1% daily (but more than the equivalent GHs would on CEX.io).

Obviously you'd need an account with Havelock to move your funds, but at the current prices, you'd increase your GHs by ~15% selling at 0.007, transferring to havelock, and buying BDD.MINE (5GHs/share) at ~0.031 (vs. the ~0.035 you're paying at CEX.io).

I've got money in both BDD securities for this reason - the NAV/U increases as more shares of each underlying asset are issued overall.  I switched over when twentyseventy first posted on the CEX.io forums (issuer: https://bitcointalksearch.org/user/twentyseventy-125785 ).



There may well be BDD investors waiting for a 'flood' of CEX users coz it looks like they need more liquidity at Haveloc. Those instruments look relatively illiquid might make it difficult to trade efficiently.

I like the motto 'keep it simple' Liquidity and simplicity to understand and access CEX trumps BDD every day of the week.

Good luck there, just not for me.

Has anyone considered that GHash mined blocks 303107 thru 303114?  Tbh, because of the buy/sell nature of BDD, I've been monitoring blockchain.com and it seems like the GHash nodes tune down their mining power whenever they get past the ~6 block mark (the root parameter behind the 51% attack) in order to avoid drawing attention once the daily figures come out. 

If you don't believe me, look at the height/node listing:

https://blockchain.info/blocks
member
Activity: 83
Merit: 10
Again, there are a number of investors in both BDD securities just waiting for people to come flooding out of CEX.io because its so overpriced compared to CEX.io GHs prices.

https://bitcointalksearch.org/topic/havelock-bitcoin-difficulty-derivative-bdd-430137

If you go to Havelock, you can see that even with the current difficulty projection being lower than what we're used to , MINE shares are way overpriced compared to SELL shares because the EXCH share mechanism keeps the two in price parity.  However, SELL has also been paying 15-25% returns every difficulty increase, while MINE pays <1% daily (but more than the equivalent GHs would on CEX.io).

Obviously you'd need an account with Havelock to move your funds, but at the current prices, you'd increase your GHs by ~15% selling at 0.007, transferring to havelock, and buying BDD.MINE (5GHs/share) at ~0.031 (vs. the ~0.035 you're paying at CEX.io).

I've got money in both BDD securities for this reason - the NAV/U increases as more shares of each underlying asset are issued overall.  I switched over when twentyseventy first posted on the CEX.io forums (issuer: https://bitcointalksearch.org/user/twentyseventy-125785 ).



There may well be BDD investors waiting for a 'flood' of CEX users coz it looks like they need more liquidity at Haveloc. Those instruments look relatively illiquid might make it difficult to trade efficiently.

I like the motto 'keep it simple' Liquidity and simplicity to understand and access CEX trumps BDD every day of the week.

Good luck there, just not for me.
hero member
Activity: 938
Merit: 502
Again, there are a number of investors in both BDD securities just waiting for people to come flooding out of CEX.io because its so overpriced compared to CEX.io GHs prices.

https://bitcointalksearch.org/topic/havelock-bitcoin-difficulty-derivative-bdd-430137

If you go to Havelock, you can see that even with the current difficulty projection being lower than what we're used to , MINE shares are way overpriced compared to SELL shares because the EXCH share mechanism keeps the two in price parity.  However, SELL has also been paying 15-25% returns every difficulty increase, while MINE pays <1% daily (but more than the equivalent GHs would on CEX.io).

Obviously you'd need an account with Havelock to move your funds, but at the current prices, you'd increase your GHs by ~15% selling at 0.007, transferring to havelock, and buying BDD.MINE (5GHs/share) at ~0.031 (vs. the ~0.035 you're paying at CEX.io).

I've got money in both BDD securities for this reason - the NAV/U increases as more shares of each underlying asset are issued overall.  I switched over when twentyseventy first posted on the CEX.io forums (issuer: https://bitcointalksearch.org/user/twentyseventy-125785 ).

legendary
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com

CEX.IO adds new trading pair — IXC/BTC!

From now on, you are able to trade IXC/BTC at CEX.IO Bitcoin Crypto Exchange.

This is only the beginning of expanding trading options on our platform and we assure that you will see more similar updates in the nearest time.

Meanwhile, we invite you to try out trading at https://cex.io/trade#IXC-BTC.

Cool , cex is moving up ... I love it as trading platform, but not to much as mining tbh .
CEX
legendary
Activity: 1227
Merit: 1003

CEX.IO adds new trading pair — IXC/BTC!

From now on, you are able to trade IXC/BTC at CEX.IO Bitcoin Crypto Exchange.

This is only the beginning of expanding trading options on our platform and we assure that you will see more similar updates in the nearest time.

Meanwhile, we invite you to try out trading at https://cex.io/trade#IXC-BTC.
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