Topic: CEX.IO lowers maintenance cost by 10% and decreases withdrawal fee 10 times (Read 1551 times)
July 24, 2014, 07:07:19 AM
All good points, more for me to think about
July 24, 2014, 06:50:15 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
I can't believe how you can even buy hashing power there. From what I hear they're hopelessly overpriced to begin with!
I barely have to be honest. I'm trying them having pointed my miners at their pool for this week... then noticed with my BTC balance at ghash I could buy 33 GH/s from them.... I figured why not have my btc earning "interest" while it sits there so I bough it.... Idea being I let it mine for a while then hopefully sell it at the price I bought it for or more.
Why did I buy it? because there is no lock-in.... I bought... allow my balance at ghash to *work* for me then sell it when I move out.
I really really wish some capable bods would fork p2pool and start working on advancing the project! I'd use it otherwise.
July 24, 2014, 01:34:07 AM
Is CEX.IO still profitable? Haven't used it for ages!
it's not profitable since months agobetter to invest your money in another place
What about trading ghs? Buy low, sell high?
I think mining alone is not profitable, but trading the contracts can be profitable if you know what you're doing. As you said, buy low and sell high (or sell high and buy low). This assumes that you are a good trader, of course. I've never tried it but risk-wise, I suspect it would be similar to trading altcoins or BTC/USD.
July 24, 2014, 01:07:50 AM
Is CEX.IO still profitable? Haven't used it for ages!
it's not profitable since months agobetter to invest your money in another place
What about trading ghs? Buy low, sell high?
July 23, 2014, 11:54:22 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
I can't believe how you can even buy hashing power there. From what I hear they're hopelessly overpriced to begin with!
I barely have to be honest. I'm trying them having pointed my miners at their pool for this week... then noticed with my BTC balance at ghash I could buy 33 GH/s from them.... I figured why not have my btc earning "interest" while it sits there so I bough it.... Idea being I let it mine for a while then hopefully sell it at the price I bought it for or more.
Why did I buy it? because there is no lock-in.... I bought... allow my balance at ghash to *work* for me then sell it when I move out.
I really really wish some capable bods would fork p2pool and start working on advancing the project! I'd use it otherwise.
July 23, 2014, 10:07:55 AM
Is CEX.IO still profitable? Haven't used it for ages!
it's not profitable since months agobetter to invest your money in another place
July 23, 2014, 10:07:03 AM
Wow, a good news for clod miner.
But, price GHs still to expensive
Still, it will take very long time to get profit form CEX.IO
I hope soon, the price become 0.003 / GHs
But, price GHs still to expensive
Still, it will take very long time to get profit form CEX.IO
I hope soon, the price become 0.003 / GHs
July 23, 2014, 10:00:52 AM
Good news but gh/s is still overpriced.
July 23, 2014, 09:47:22 AM
Is CEX.IO still profitable? Haven't used it for ages!
No, their prices per GH IS far too high. Even without maintenance fees, it is difficulty to ROI unless difficulty stops moving. Even so, you would take a long time. July 23, 2014, 09:45:35 AM
Is CEX.IO still profitable? Haven't used it for ages!
July 23, 2014, 09:20:00 AM
Good news 
high withdrawal fee is one reason why many newly joined bitcoin user don't use their service
and now they lowering maintenance fee too
are these action because many "investor" left cex.io service?
but their GHS price still overpriced imo
high withdrawal fee is one reason why many newly joined bitcoin user don't use their service
and now they lowering maintenance fee too
are these action because many "investor" left cex.io service?
but their GHS price still overpriced imo
July 23, 2014, 09:10:13 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
So this is for good will essentially.How hard can it be to set up a competitor to GHash?
BTC Guild is the second largest pool at 24%. And there are alternatives to CEX.IO such as PBMining. But GHash.IO/CEX.IO has a strong advantage over others since the pool and the cloud mining operations are rolled into one.
Plus, GHash.IO has no fees. Not quite sure about the others.
July 23, 2014, 08:59:09 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
So this is for good will essentially.How hard can it be to set up a competitor to GHash?
BTC Guild is the second largest pool at 24%. And there are alternatives to CEX.IO such as PBMining. But GHash.IO/CEX.IO has a strong advantage over others since the pool and the cloud mining operations are rolled into one.
Plus, GHash.IO has no fees. Not quite sure about the others.
July 23, 2014, 08:53:56 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
I can't believe how you can even buy hashing power there. From what I hear they're hopelessly overpriced to begin with!
July 23, 2014, 08:52:45 AM
Why do they need to offer such an incentive when they dominate the market? It is like De Beers lowering the price of diamonds...
They probably want to have even more hashrate than before. IMO, it is a bad time to do this since miners would be encouraged to join, increasing the hashrate when they already have a huge amount of hashrates already. July 23, 2014, 08:50:27 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
So this is for good will essentially.How hard can it be to set up a competitor to GHash?
July 23, 2014, 08:41:48 AM
Actually they've been continually slagged off for the high running costs of their hosted GH/s.... guess people are getting what they asked for.
July 23, 2014, 08:17:44 AM
Why do they need to offer such an incentive when they dominate the market? It is like De Beers lowering the price of diamonds...
July 23, 2014, 08:15:39 AM
Awesome, even more incentive to invest in the company that singlehandedly turns Bitcoin into a centralized coin. Thanks, CEX.IO and your right hand GHash.IO....
Fortunately it's back down to 33 percent so it's nothing to be worried about anymore.
Yeah they went down a couple of times ago. Who says it'll stay that way? Who says it isn't just variance? Who says they didn't just divert half of their hashrate to some mystery pool and actually possess 66% already?
July 23, 2014, 08:14:29 AM
Awesome, even more incentive to invest in the company that singlehandedly turns Bitcoin into a centralized coin. Thanks, CEX.IO and your right hand GHash.IO....
Fortunately it's back down to 33 percent so it's nothing to be worried about anymore.
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