Topic: cex.io mining (Read 1417 times)
Seriously, most of the posts here are so DUMB! There are several moving parts in investing in CEX.IO GHSs. One is the conversation rate to BTC. Another is the difficulty rate. Yet another is the value of BTC themselves. I read all these all or nothing entries, DUMB! Mining captures a portion of those 25 BTC per 10 minutes. That's income, regardless of size, as long as it's a positive number (and it always is). The rate of return, will not change based on the investment. So if CEX.IO is a good investment for $.01, it's a good investment for $10,000,000.00 also. That isn't the case with buying the hardware. There is a scale issue, and a depreciation issue with running the hardware at home. With CEX.IO that depreciation, and CEX's expense in upgrading their hardware, is yet another cost, buried in the fees we all pay there, as is CEX's electricity. How anyone can barf a "you'll make nothing mining Bitcoin" without taking all these things into consideration, is wasting our time.
Whenever I add up the numbers on cex.io I can never make it seem a viable option, doesn't seem profitable.
And that is the exact reason why the site is selling you hashrate instead of mining bitcoin directly.
Whenever I add up the numbers on cex.io I can never make it seem a viable option, doesn't seem profitable.
Get in on a group buy, its a much better deal than the big commercial providers. We do this as a cooperative effort.
1 GH/S is sold on CEX.IO for more BTC then that 1 GH will ever be able to mine , that is what the bottom line is with these guys
My question. Once purchased 1 or more Ghs which is the lifetime of buy 1 month, 1 year?
Lifetime, your gh/s to mine with or trade.
i'll give you .1 gh/s to try it. If you hadn't made account I would appreciate the using of my referral link.
My Refer Link to cex.io
Just PM me.
My question. Once purchased 1 or more Ghs which is the lifetime of buy 1 month, 1 year?
cex.io is cheaper per gh/s than lowend hardware. For a while people were paying $60 for 333Mh/s. Right now for lowend, seems like antminers are the best value if you don't have $500+ to spend.
So, took my money out and got 120€ profit.
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question is how much longer can people keep pawning off unprofitable shares on others?
It's equally profitable whether you have 1000Gh/s or .1Gh/s, you get the same percentage return, just a smaller total figure. But anyway, you have more than I do (1 GH/s). =P
so I should take my money out now and leave?
I'm sorry to be so harsh but seriously, if you have to ask a group of strangers what to do, then you shouldn't be investing. Only invest in things you understand. You don't understand mining, so don't invest in it. I learned that the hard way.
the people buying up cex.io need to learn sometime. 
Yes, but true...
One guy got lucky (so far) if he realizes his temporary selling opportunity which won't last forever. If he doesn't, he'll go the route of everything cex.io -> losses cumulating.
Cex.io is a money-losing machine but suitable for trading or experimenting a bit around (accepting the losses). GHs prices medium and long-term only know one way : down.
(that's why cex.io only gives you max. 1 month history, otherwise it would be too obvious where price is always headed)
Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....
so I should take my money out now and leave? I bought my giga hashes when the price went down to 0.03btc/ghs and now it's around 0.045btc/ghs
You can set a sell order for your complete holding and sell at 0.03 or anywhere above, while still mining with them until they sell.
If you sell now, then buy again when they return to 0.03, you have yourself a profit and you get to keep the Ghash you started with
Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....
so I should take my money out now and leave? I bought my giga hashes when the price went down to 0.03btc/ghs and now it's around 0.045btc/ghs
How does that work?
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Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....
Well I have used 80€ on hashing power there. and I would get about 200€ back if I would sell all my GH and take my bitcoins out. so I think it's profitable. (you don't really lose money because you can always sell the hashing power you own.)
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