**CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 88.

OhMyCoin

member

Activity: 117

Merit: 10

Long live Bitcoin.

Quote from: ?? on ??

Quote from: ajw7989 on April 21, 2014, 03:02:02 PM

I would recommend staying away from CEX now that there is a trading fee as well as a 30% maintenance fee. If the price per gh was at market value I might consider it but being above the value is ridiculous

You forgot the 'commission' (aka withdraw) fee which is 0.001BTC. Which is also applied even if you point your own miners at GHash.io. 0% fee my arse.
0.01BTC (auto payout) - 0.001BTC 'commission' fee = 10%.

Tell me again how the pool is 0% fee...

Autowithdrawal which is executed once a day is 0% commission.
The 0.01 BTC is the withdrawal threshold. It means you need to have more than 0.01 BTC on your balance to request an autowithdrawal.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: ?? on ??

Quote from: ajw7989 on April 21, 2014, 03:02:02 PM

I would recommend staying away from CEX now that there is a trading fee as well as a 30% maintenance fee. If the price per gh was at market value I might consider it but being above the value is ridiculous

You forgot the 'commission' (aka withdraw) fee which is 0.001BTC. Which is also applied even if you point your own miners at GHash.io. 0% fee my arse.
0.01BTC (auto payout) - 0.001BTC 'commission' fee = 10%.

Tell me again how the pool is 0% fee...

Change it to LTC and then withdraw.... lol.
And you aren't forced to use auto payout, you can cashout when you have 1BTC... LOL.

leow

full member

Activity: 616

Merit: 100

Quote from: Icon on April 21, 2014, 07:12:02 PM

... I think cex didn't want anyone to make any profit at ALL.

and you thought otherwise?

Icon

hero member

Activity: 821

Merit: 503

Wow , that's all i can say wow, what a complete waste, tell me what pros if any can anyone get that blew btc on FHA?

Seeing that the current ghs/btc is at .0086x btc and the FHA is up to .0082x btc?

The thing is the price staid over .01xx for like 2 months but 2 weeks out "someone" dropped the price on the ghs/btc . I think cex didn't want anyone to make any profit at ALL.

What a complete fail...

Icon

PS

.. and still got 4 days left on price dropping..

ajw7989

legendary

Activity: 924

Merit: 1000

I would recommend staying away from CEX now that there is a trading fee as well as a 30% maintenance fee. If the price per gh was at market value I might consider it but being above the value is ridiculous

1Referee

legendary

Activity: 2170

Merit: 1427

I understand more how it works this cloudmining service that CEX offer, the longer it takes for Ghash.IO to find a block, the higher the fee is that you have to pay.
Finding a fast block = low fees, of course. But still, 30% average fee is still way too high. It should be max 10%!

2 days mining with nearly 11GHS made me BTC0.001 at CEX. I have sold the GHS as it will drop in price when the next difficulty will be enabled.

cathoderay

sr. member

Activity: 379

Merit: 250

Welcome to dogietalk.bs

Quote from: CLOUDMINING.GURU on April 19, 2014, 06:12:07 AM

Quote from: Zeta0S on April 19, 2014, 01:12:12 AM

Wow i like the new video from there mining equipment Grin

https://www.youtube.com/watch?v=bOO0bPaZo9A

Did you upload this video? If yes, you are a bad person! This operation as seen in the video obviously is not part of CEX.IO...

The original video is from Joshv06: https://www.youtube.com/watch?v=wFuTeDWXiLw&feature=gp-n-y / https://bitcointalksearch.org/topic/biggest-bitcoin-mining-operation-in-texas-575312

Stealing videos is not nice!

One of the many cex shills on here........

Still no answers or explanations from cex to it's users questions then I see.......as usual Roll Eyes

IYFTech

hero member

Activity: 686

Merit: 500

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

Soooo.......I see cex are still up to their con-tricks. Lots of happy customers here.......not Cheesy

Didn't any of you get tired of being ripped off yet?

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: elasticband on April 19, 2014, 04:27:17 PM

cex want 100% fee so they can't start removing GH from accounts and back into their own hands

In my case, on 3 blocks today that were found they charged me more than 100% fee, other blocks made me some satoshi's

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

cex want 100% fee so they can't start removing GH from accounts and back into their own hands

Icon

hero member

Activity: 821

Merit: 503

Quote from: 1Referee on April 19, 2014, 09:44:43 AM

Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.

The reason is once an hour you are charged the 30% maintenance fee and during that hour if you find a block you are charged partial fee on that block, that's why its lower then the hourly fee is. Problem is what happens if you don't find a block during the hour? Not to worry they'll still debt the 30% fee no matter what, got to love those red boxes with no withdraw address next to them.

Icon

PS

Oh and if you don't have the btc to pay the fee they'll just put your balance in the negative.

PPS

On a side note is it safe to assume that the 30% fee is like 30% of gh/s being removed?, So basically you pay say 500 gh/s to mine then times .3 to the 500 and get 150 gh/s removed for the fee and use the 350 gh/s left to calculate the profit you'll make?

Someone correct me if i am wrong.. Sad

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: minter12345 on April 19, 2014, 10:20:54 AM

Quote from: 1Referee on April 19, 2014, 09:44:43 AM

Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.

https://cex.io/maintenance

Its nearly 30% of mining profit. Which is crazy high right now.

30% is very high indeed! I'm keeping an eye on this for a few more days, but I think I will not invest more BTC in CEX with such high fees.
A more reasonable fee would be in the range of max 10%

twentyseventy

legendary

Activity: 1386

Merit: 1000

Hi guys, just wanted to stop by this thread to let you know about a Derivative product I run called BDD - the Bitcoin Difficulty Derivative.

One of its components, B.MINE, acts as a 5GH/s miner and makes daily payouts based on about what a 5GH/s miner would mine in a day. You can trade it just like a stock on the exchange, just like CEX.io. However, there are no other fees because the shares are backed by formula, not actual hardware. This means no variance and no electricity bills

Currently, CEX.io runs at about .0094 BTC for 1GH/s; B.MINE runs at about .00572 BTC per GH/s (about 40% cheaper per GH/s!) - B.MINE is sold in 5GH/s shares, however.

I've never really mentioned or 'promoted' B.MINE outside of the Securities subforum, partially because it's part of a larger set of Securities that are all linked together. B.SELL, which is B.MINE's counterpart, actually allows people to bet that B.MINE is overvalued on the market. I highly recommend reading up on BDD if you do consider purchasing any shares, as there are some key differences between BDD and CEX.io.

So, thanks for reading - if you have any questions please feel free to stop by the BDD Thread or shoot me a PM.

Happy trading-

minter12345

member

Activity: 74

Merit: 10

Quote from: 1Referee on April 19, 2014, 09:44:43 AM

Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.

https://cex.io/maintenance

Its nearly 30% of mining profit. Which is crazy high right now.

1Referee

legendary

Activity: 2170

Merit: 1427

Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.

CLOUDMINING.GURU

full member

Activity: 130

Merit: 100

Quote from: Zeta0S on April 19, 2014, 01:12:12 AM

Wow i like the new video from there mining equipment Grin

https://www.youtube.com/watch?v=bOO0bPaZo9A

Did you upload this video? If yes, you are a bad person! This operation as seen in the video obviously is not part of CEX.IO...

The original video is from Joshv06: https://www.youtube.com/watch?v=wFuTeDWXiLw&feature=gp-n-y / https://bitcointalksearch.org/topic/biggest-bitcoin-mining-operation-in-texas-575312

Stealing videos is not nice!

Zeta0S

legendary

Activity: 1890

Merit: 1031

Wow i like the new video from there mining equipment Grin

https://www.youtube.com/watch?v=bOO0bPaZo9A

Maidak

legendary

Activity: 1890

Merit: 1058

Vave.com - Crypto Casino

Quote from: byt411 on April 18, 2014, 06:56:19 PM

Quote from: cathoderay on April 18, 2014, 06:08:19 PM

Quote from: ?? on ??

Is this the end for CEX? No time to invest further?

Gotta love quoting myself for an answer!

Still thinking of investing into CEX, after reading tons of warnings, still trustable?

No, it isn't - use a proper pool - these crooks are a rip-off.

Quote from: CEX on April 18, 2014, 08:24:33 AM

Quote from: cathoderay on April 18, 2014, 07:09:30 AM

Registered on this forum especially to say this:

Absolutely crap service from CEX!! The whole idea of cloud mining is to avoid downtime - wtf?
Crap customer support.
Crap service.
Manipulated prices.
Lies about charges.
Etc, etc, etc.......

This operation has to be one of the biggest scams in bitcoin history - get your money out of CEX pronto.

Bunch of con artists - pure & simple.

cathoderay, we would like to examine your case and make sure all your issues are resolved.
Please send a support ticket to [email protected] and I'm sure we will be able to rectify this situation.

How about you start answering the many questions from your users right here on your own "official" thread? Why the secrecy? Answering here not only means that everyone gets the explanation they deserve, but also shows transparency & honesty - something that your record to date is severely lacking.

Answer your users questions - provide some support - explain your actions.

Not to mention the thing of increasing the fees by 10%....

Well we do know from https://cex.io/maintenance that they need so much every month in fiat to pay database bill. With declining bitcoin market the fees are going to increase. I guess I can't really complain to much I've accumulated 200+ GHS in referrals alone and take advantage of the 0% fee pool and purchased a large sum of FHM since it was the cheapest available and if BTC reaches $1k+ again fees. I'm also prepared to buy as many BTC as I can when this 200k liquidation happens. How do you think mtgox will sell the coins pretty shitty everyone's coins are literally being sold right in front of them to have it then go where.

To get a bit back more on subject though I've yet to see a more transparent cloud hashing company that also handles an exchange and 0% fee pool. I've been dabbling in bitcoin for a long time and the mining aspect of bitcoin has changed so dramatically. I remember trying to push a chinese company guy4game.com to accept bitcoin as a payment method in 2009 as it eliminated fraud completely made my own exchange in 2010 bought a few FPGA boards then asics now cloud mining. Only thing I would like to see is an official IRC channel to many loft trolls in their chat box.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: cathoderay on April 18, 2014, 06:08:19 PM

Quote from: ?? on ??

Is this the end for CEX? No time to invest further?

Gotta love quoting myself for an answer!

Still thinking of investing into CEX, after reading tons of warnings, still trustable?

No, it isn't - use a proper pool - these crooks are a rip-off.

Quote from: CEX on April 18, 2014, 08:24:33 AM

Quote from: cathoderay on April 18, 2014, 07:09:30 AM

Registered on this forum especially to say this:

Absolutely crap service from CEX!! The whole idea of cloud mining is to avoid downtime - wtf?
Crap customer support.
Crap service.
Manipulated prices.
Lies about charges.
Etc, etc, etc.......

This operation has to be one of the biggest scams in bitcoin history - get your money out of CEX pronto.

Bunch of con artists - pure & simple.

cathoderay, we would like to examine your case and make sure all your issues are resolved.
Please send a support ticket to [email protected] and I'm sure we will be able to rectify this situation.

How about you start answering the many questions from your users right here on your own "official" thread? Why the secrecy? Answering here not only means that everyone gets the explanation they deserve, but also shows transparency & honesty - something that your record to date is severely lacking.

Answer your users questions - provide some support - explain your actions.

Not to mention the thing of increasing the fees by 10%....

cathoderay

sr. member

Activity: 379

Merit: 250

Welcome to dogietalk.bs

Quote from: ?? on ??

Is this the end for CEX? No time to invest further?

Gotta love quoting myself for an answer!

Still thinking of investing into CEX, after reading tons of warnings, still trustable?

No, it isn't - use a proper pool - these crooks are a rip-off.

Quote from: CEX on April 18, 2014, 08:24:33 AM

Quote from: cathoderay on April 18, 2014, 07:09:30 AM

Registered on this forum especially to say this:

Absolutely crap service from CEX!! The whole idea of cloud mining is to avoid downtime - wtf?
Crap customer support.
Crap service.
Manipulated prices.
Lies about charges.
Etc, etc, etc.......

This operation has to be one of the biggest scams in bitcoin history - get your money out of CEX pronto.

Bunch of con artists - pure & simple.

cathoderay, we would like to examine your case and make sure all your issues are resolved.
Please send a support ticket to [email protected] and I'm sure we will be able to rectify this situation.

How about you start answering the many questions from your users right here on your own "official" thread? Why the secrecy? Answering here not only means that everyone gets the explanation they deserve, but also shows transparency & honesty - something that your record to date is severely lacking.

Answer your users questions - provide some support - explain your actions.

Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 88. (Read 422328 times)

Topic: CEX.IO Bitcoin Exchange Buy Bitcoins with Cards in iOS / Android App*** - page 88. (Read 422328 times)