Topic: [CLOSING] GHash.IO mining pool official page - page 23. (Read 149381 times)

*grumbles about auto-payout still being hosed*

Just an FYI, when the price of BTC (as it is now) is low all you are doing on cex is mining to pay your maintenance fees, and as far as how long it takes to find a block, that's called randomness, meaning one pool can not be counted on consistent to make payouts do to how bitcoin mining works.

And for buying gh/s to hold is a complete waste of time and money, only purpose for cex is to buy low and sell high and the payouts think of that as interest cex is paying you for holding your btc.

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Auto-payout is stuck again.

Is anyone else getting random payments here.

I set my automatic payment threshold to pay .1 and the balance is currently at .3  They never pay me at the threshold, sometimes it takes a day after the threshold is hit before payment is done.  Is this a bug in their system?

This is not the first time, i've set and reset this the automatic payment threshold.  I've been mining with them for 2 months, so it's nothing new to me.  Just curious if anyone else is seeing this.

I do you one better and give you very valuable advise, Ghash.io/CEX.io is a PPLNS pool, meaning you get paix X amount on N shares, or so many shares at the end of a block, because of this purchasing GHS is useless sometimes as the reward is smaller then the fees associated with their cloud GHS. What this means is simple, they charge you maintenance fees on every single share you provide in each block but only pay you for a certain amount of shares at the end of the block. the longer it takes to solve a share the higher the fees and the lower the reward will be.

If you still do not understand I will try and break it down in numbers for you (these numbers are not exact but a representation of what they are doing to screw us over) if you processed 1,234,567 shares and it costs 0.00000001 per share in maintenance fees but it takes 2 hours to solve the block and you get paid for the last 15 minutes of submitted shares only. In that last 15 minutes you only processed 154320.875 and you got paid 0.00000002 per share on thieir PPLNS system your reward would be 0.00308641 but your fees will be 0.01234567. leaving you with a loss of 0.00925926. and this is how their system works but the numbers are not quite that high, there still is a loss and sometimes with high enough GHS it will be substantial. Basically the more GHS you own the worse off you are as far as mining for them goes.

Now in order to make a profit you need short blocks onlyso if you would work for 15 minutes and process 154320 shares you will be charged 0.00154320 in maintenance fees but your reward will be 0.00308641 giving you a profit of 0.00154320. I showed an example including 50% fees a lot of miners are saying their fees are actually higher at 62% so this really hurts us. In addition the fees do not equal the power they say the fees are paying for, they are making a profit even on the electricity they say they are charging the fees for.

You will also nbotice your GHS you buy from them does not work every single shift but rather works 2.2 times as much one shift and not at all the second shift again incurring unneccessary matinence fees on 2% of GHS you do not actually own. They have a very nice system in place for their pocket that does not always benefit our pocket.

SO all in all DO NOT get GHS from them its ok when  you have a lot of 15 minute blocks and 20 minute blocks its the 1 hour and 2 hour blocks that hurt you, 1 a day is enough to mess up your profit exponentially, and they have more than  1 a day

Hey GlassICE, Log into your account via https://cex.io This takes you to the exchange platform. Here you can buy / sell GHS or other tradeable crypto pairs / fiat.

Once you are there you can then follow the instructions from our blog on how to place an order. This link should help you out.

http://blog.cex.io/cex-io-website-tip-of-the-week-2-2/

We have a lot of 'how to' resource in the support pages and blog area which you can search on for more help.

Good luck.

i created an account on CEX.IO afew months ago.
AS a starter recently i managed to fund and charge my balance on GHASH.IO with Bitcoins and i'm planning to purchase Gh/s and start mining my bitcoins, the overal site is kinda complicated to me so, please can u guide me how to purchase my Gh/s cloud service and start mining my Bitcoins ?
thanks for reading my reply and thanks for ur support, quality and patient.

cex is best pool right now

Also its second pool some time now with discus pool to be first with 30 block difference

Much lower stales, and hash speeds up by a small amount (5%).  Also no more "different server every day" going on.

Thanks for adding the ability to delete old workers...my OCD is happy.

Thanks, I will give a try.  How has your experience with port 3334, better?

Try: stratum+tcp://us1.ghash.io:3334

I've been getting a lot of stales lately, has anyone had this issue? 

My miners are pointed to the US but I seem to be redirected to the uk1.  I remember someone mentioning before you can change to port so this won't happen but I can't seem to find which port that is.

IXC rewards went to zero.

https://bitcointalksearch.org/topic/re-ixcoin-mining-over-on-october-2014-806482

Are we no longer merge mining IXC?  I don't see any earnings anymore.  And when are we able to trade DVC?

daddyfatsax (Great name by the way!!!) is right, as long as you enter the correct details into your miner configuration we take care of the rest.

'You should name your workers yourusername. (e.g. yourusername.worker1). Workers are added automatically, you can use any/empty password. The minimum stratum difficulty is 16. Support: [email protected]'

Ghash automatically sets the worker up when you point it to the pool.