What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?
No, the maintainence price would be very very high, cutting a lot of your profit. Since there isn't much demand for GH, the price would continue dropping, even if you sell it very soon, there is a possibility you would only get half of your investment back. 1TH would cost way too much unless you have that much money to waste. 
Topic: CEX.io GHS Bubble ? - page 2. (Read 11371 times)
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.
for now cloud-mining has not profitable, because the price is too high.
cex.io is a waste of BTC. To even break even on your ghs you need to be up by 2% + the withdraw fee. Its sad but people in the chat box on that site are buying .1 GHs thinking they can make money. Cex preys on fools and people who have no clue about btc other then its worth money and you mine it to get it.
It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.
On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.
Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.
It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.
On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.
Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.
You could theorically make money if the difficulty goes down a lot and a lot of new players arrive on cex but it is less likely than the other way around
Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..
This means the market is extremely optimistic about the ROI of their investment..
GHS price can go up because there are more new buyers or the market thinks the market will keep its GHS at this price
It has been going down for months on end
cex.io is a waste of BTC. To even break even on your ghs you need to be up by 2% + the withdraw fee. Its sad but people in the chat box on that site are buying .1 GHs thinking they can make money. Cex preys on fools and people who have no clue about btc other then its worth money and you mine it to get it.
It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.
On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.
Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/p600x600/10359003_595178053916402_2802606742839566690_o.png
It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.
On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.
Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/p600x600/10359003_595178053916402_2802606742839566690_o.png
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Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..
It is slightly more complicated then that because of NPV. If you still have the option of selling your GHs at any time then the value will be increased even though the stream of revenue has decreased. This means the market is extremely optimistic about the ROI of their investment..
Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..
This means the market is extremely optimistic about the ROI of their investment..
GHS price can go up because there are more new buyers or the market thinks the market will keep its GHS at this price
Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..
This means the market is extremely optimistic about the ROI of their investment..
It has disconnected difficulty for around 8 weeks now which shows there is bullish sentiment on being able to buy and sell for a profit with some mining dividends in between as an upside. So as there is a disconnect it no longer follows it must move correlated. This doesn't mean that it won't reconnect in the future though.
Nice trade philipma1957.
Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..
This means the market is extremely optimistic about the ROI of their investment..
Looks now it is stabilized again around 0.0067
Well the bubble is exploding! GHS price down to 0.006 and dropping fast!
pop pop pop
I purchased a bit today at .0060 put it back for sale at .0065
I put in a second order at .0055
And in under ten minutes it bounced to .0065 and i made some btc
internal person maybe
i'll try your method, maybe i can make some profit there
I check the site every 4 hours..Then if I stumble on it with a big drop like today I buy some and list it back about 7 % higher.
I turned 50 ghs at .0060 into 50 at.0065 in under 10 minutes , but that is truly due to looking at it in the middle of a good drop. if I had checked 10 minutes later it would have been at .0065 not .0060.
Well the bubble is exploding! GHS price down to 0.006 and dropping fast!
pop pop pop
I purchased a bit today at .0060 put it back for sale at .0065
I put in a second order at .0055
And in under ten minutes it bounced to .0065 and i made some btc
internal person maybe
i'll try your method, maybe i can make some profit there
Well the bubble is exploding! GHS price down to 0.006 and dropping fast!
pop pop pop
I purchased a bit today at .0060 put it back for sale at .0065
I put in a second order at .0055
And in under ten minutes it bounced to .0065 and i made some btc
Well the bubble is exploding! GHS price down to 0.006 and dropping fast!
We hear the same thing with gambling : "i lost because i got greedy and didn't stop in time; if i could stop after winning a little bit i would be so rich"
says the guy with the link to a gambling site in his sig?
;-)I'm not saying that cex.io isn't risky...I am suggesting it is no less risky than buying a miner and hoping to outrun declining BTC value, difficulty increases and power costs to get a positive return
I do both and I tried cex.io with a few hundred GHS to see how it played out and so far, I am cash flow positive (most likely because I bought when it was even lower than it is now) and I still have a fungible asset that I can convert back to BTC at any time I decide.
You can't rationalize with people who don't want to look at the underlying fundamentals.
Oh the irony of suggesting to avoid risk in a bitcoin forum
People see that the price is stable for days or weeks so they think it will stay stable and they can sell at a profit after a few days or weeks when the price is likely to go down at any moment and they are likely to lose when they invest
We hear the same thing with gambling : "i lost because i got greedy and didn't stop in time; if i could stop after winning a little bit i would be so rich"
You can't rationalize with people who don't want to look at the underlying fundamentals.
Oh the irony of suggesting to avoid risk in a bitcoin forum
cex.io can drop from .0074 to .0040 over night better yet it could drop that as I type , but it has not done it so if you purchased the last month you made money.
so the real question is do you feel lucky?
fundamentals suggest a price from .003 to .004
You can't rationalize with people who don't want to look at the underlying fundamentals.
Oh the irony of suggesting to avoid risk in a bitcoin forum
Hell, I threw 0.15 into CEX out of curiosity, left it in there for a few months, sold it and ended up with 0.23. As a purely mining investment, CEX is awful, but due to the pretty consistent prices, buying, mining for a while and making more than the withdrawl fee will almost certainly net you a profit.
wow, rare example for someone make profit only from mininghow long you mining there? and how much GHS prices when you bought and sold?
The prices did change a bit, from about 0.0068 to 0.0071 over the course of three-four months. It's profitable so long as you sell your ghs after a while and the price remains constant (even better if it goes up, obviously)
As bbeesly said, it's not the best investment, but it's certainly better than leaving them in your wallet. Gives you an interest of sorts
If you are likely to lose money because the price is likely to go down more than what you will get in interests it is not a good investment and your bitcoins are better of in your wallet!
Playing casino can give you a return in the short run but you are mathematically a loser when you play
You can't rationalize with people who don't want to look at the underlying fundamentals. If you tell somebody that standing on a moving car is dangerous and they do it and they don't die - they'll say it's not dangerous. Just move along. The trend-line and the math has been posted to death in many threads.
Hell, I threw 0.15 into CEX out of curiosity, left it in there for a few months, sold it and ended up with 0.23. As a purely mining investment, CEX is awful, but due to the pretty consistent prices, buying, mining for a while and making more than the withdrawl fee will almost certainly net you a profit.
wow, rare example for someone make profit only from mininghow long you mining there? and how much GHS prices when you bought and sold?
The prices did change a bit, from about 0.0068 to 0.0071 over the course of three-four months. It's profitable so long as you sell your ghs after a while and the price remains constant (even better if it goes up, obviously)
As bbeesly said, it's not the best investment, but it's certainly better than leaving them in your wallet. Gives you an interest of sorts
If you are likely to lose money because the price is likely to go down more than what you will get in interests it is not a good investment and your bitcoins are better of in your wallet!
Playing casino can give you a return in the short run but you are mathematically a loser when you play
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