Pages:
Author

Topic: CEX.io GHS Bubble ? (Read 11371 times)

sr. member
Activity: 422
Merit: 270
April 14, 2015, 02:23:23 PM
#88
Why are u posting these kinda crap ? What cloud mining ?
What are you talking about ?
Oh ... u just posted to raise your post count ... didnt you ?

Hello Rammy. As you may remember Cex.IO stopped their cloud mining operations on January and they stated they would focus on the exchange part of the service. Since then, the volume of BTC<-->USD have decreased, and the picture of the current situation is what I showed in the other post: the Market Deepth graph you can see in their webpage. A sane exchange have equilibrated demand and offer, or in terms of that graph, both halves should be similar (as it was some months ago in cex.io). But right now they have 10 times more offer of BTC than demand. In other words: if right now all the BTC owners would want to sell them, they would receive less than $35 on average. This may indicate that bitcoin buyers have lost the trust in the exchange, in the BTC or in both.

I am a user of Cex and I wouldn’t like to see them disappear (yesterday I exchanged $50, p.e.). But they are facing several problems these days that may compromise their business:

-   Cloud mining is interrupted
-   GHash.IO pool is losing its slice of the pie of the hashrate (less fees due to miners exchanging)
-   The exchange is reducing its volume (less fees they can charge)

Is it more clear to you now? I took my time yesterday to make the image I posted and I’m taking my time to answer you. Do you really think I am posting to increase my rate? And please, save to yourself stuff as calling me clown.

Happy mining, trading or wathever you do
legendary
Activity: 1974
Merit: 1003
April 14, 2015, 10:25:42 AM
#87
I thought they ceized their operation or whater or paused it.

But I guess not, but yeah the prices I see you have better options like spoondoolies partner up with their cloud mining buddy genesis mining. You can also pay by creditcard so if something happens you can actually have better recourse then most.

Yes, they stopped cloud mining for now, but these clowns dont know what they are talking about.
legendary
Activity: 1456
Merit: 1002
April 14, 2015, 10:22:58 AM
#86
I thought they ceized their operation or whater or paused it.

But I guess not, but yeah the prices I see you have better options like spoondoolies partner up with their cloud mining buddy genesis mining. You can also pay by creditcard so if something happens you can actually have better recourse then most.
legendary
Activity: 1974
Merit: 1003
April 14, 2015, 10:22:23 AM
#85
Not only the cloud mining is bad. What is concerning is the BTC trading... there is no people buying Bitcoins!!



Why are u posting these kinda crap ? What cloud mining ?
What are you talking about ?
Oh ... u just posted to raise your post count ... didnt you ?
legendary
Activity: 1974
Merit: 1003
April 14, 2015, 10:20:52 AM
#84
N-n-n-necro!

Yeah, sorry to bring this back up, but just to prove you all right... http://cex.io/trade
Yep. You're right. Death to cex, and let's just all move on.

Your post is full of stupidity, i do trading on cex and everything is just fine.
full member
Activity: 121
Merit: 100
April 14, 2015, 09:45:15 AM
#83
glad this thread got a bump...I had $5 in BTC that I had forgotten when I cashed out all my ghs last year.
newbie
Activity: 3
Merit: 0
April 14, 2015, 06:11:15 AM
#82
True, I was going to buy some myself, but they declined my card Sad
sr. member
Activity: 422
Merit: 270
April 13, 2015, 05:35:35 PM
#81
Not only the cloud mining is bad. What is concerning is the BTC trading... there is no people buying Bitcoins!!:




In other words: there are potentially 13900USD available to buy 409BTC. This is $34 per Bitcoin...

Cex.IO is ill, and frankly I don't desire them to disappear, I like that exchange. But I think they can't survive this way much longer

newbie
Activity: 3
Merit: 0
April 13, 2015, 05:08:16 PM
#80
N-n-n-necro!

Yeah, sorry to bring this back up, but just to prove you all right... http://cex.io/trade
Yep. You're right. Death to cex, and let's just all move on.
hero member
Activity: 1022
Merit: 500
August 16, 2014, 05:45:09 PM
#79
What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

Well, 1TH is ~1000GH, so 1000*0.0048 = 4.8BTC/TH.  Considering you can purchase 1TH for ~2BTC these days, I'd say it's a total loser.

Put it this way, If the CEX price dropped below 0.002BTC/GH/s in the next week, it still wouldn't be a good deal.

Getting closer to that 0.002BTC/GH/s, its on 0.0034 right now
https://bitcoinwisdom.com/markets/cexio/ghsbtc


So many people lost money on Cex.io and not too many made money; you can make money with the referral system or if you got lucky and bought before the price went up then sold and didn't buy back
hero member
Activity: 873
Merit: 1007
August 16, 2014, 03:27:48 PM
#78
Cloud mining never been profitable right?
It was profitable for some time when difficulty wasn't this high and didn't increase that fast. It was a very long time ago and it is no longer profitable was the difficulty rises faster than before.

I don't think that time ever existed.  CEX.IO was the first and has only been in business about 1 year.  Last year at this time were were having 20-30% jumps with these new things called ASICs brought to the table.  The jumps have slowed down if anything.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
August 16, 2014, 10:12:23 AM
#77
Cloud mining never been profitable right?
It was profitable for some time when difficulty wasn't this high and didn't increase that fast. It was a very long time ago and it is no longer profitable was the difficulty rises faster than before.
hero member
Activity: 644
Merit: 500
August 16, 2014, 10:04:52 AM
#76
Cloud mining never been profitable right?
newbie
Activity: 52
Merit: 0
August 10, 2014, 03:13:03 PM
#75
What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

Well, 1TH is ~1000GH, so 1000*0.0048 = 4.8BTC/TH.  Considering you can purchase 1TH for ~2BTC these days, I'd say it's a total loser.

Put it this way, If the CEX price dropped below 0.002BTC/GH/s in the next week, it still wouldn't be a good deal.

Getting closer to that 0.002BTC/GH/s, its on 0.0034 right now
https://bitcoinwisdom.com/markets/cexio/ghsbtc
hero member
Activity: 873
Merit: 1007
August 09, 2014, 04:35:26 PM
#74
I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck
For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.

You have new people signing up everyday and buying new shares + reinvested profit which push the price higher but not enough to have a stable price or to even make money

It is a game of hot potato.  Anybody holding right now is hoping for a 5 or 10% increase so they can get out (assuming they're not delusional and thinking they can profit).  The ones selling are willing to cut their loses.  It's a game of chicken on a race to the exit - those left holding at the end will be crying.
hero member
Activity: 1022
Merit: 500
August 09, 2014, 06:47:43 AM
#73
I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck
For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.

You have new people signing up everyday and buying new shares + reinvested profit which push the price higher but not enough to have a stable price or to even make money
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
July 27, 2014, 09:40:55 AM
#72
I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck
For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.
hero member
Activity: 1022
Merit: 500
July 27, 2014, 08:08:04 AM
#71
I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
July 20, 2014, 10:13:30 AM
#70
I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.
hero member
Activity: 773
Merit: 528
July 20, 2014, 07:18:33 AM
#69
Unless they make their maintenance costs lower, Ghs prices will continue to drop since it won't be profitable to hold them any more.
Pages:
Jump to: