Topic: GHAS.IO (CEX) and GHS (Read 1453 times)

People are buying to mine a little bit then sell at the same price or higher so making a nice profit.

New cloudmining companies offer GHS at a very good price with low maintenance costs.

on the moment my ghs investment is not looking great with these fees, but i bought it just to test how cloudmining works. no intention to see decent returns.

Becasue GHASH has some kind of partnership with places like Bitcointalk., this thread was moved to speculation, there is nothing speculative about the fact Ghash.io is a bunch of lieing, unethivcal therves. You buy 100 GHS of cloud mining and they steal your bitcoins and you end up with a negative BTC balance. THIS IS NOT SPECULATION heres your proof. Put this thread where it belongs and that is not in speculation I am providing proof of GHASH.io Bullshit. You can't speculate something when you hard facts and proof.

2014-12-13 05:20:47   -0.00011816 BTC   -0.00007367    MAINTENANCE   -   Shares 240640 , Cost: -0.00011816
2014-12-13 05:20:47    0.00004888 BTC   0.00004449    MINING   -   Block #334038, Reward: 0.00004888
2014-12-13 02:36:42   -0.00006185 BTC   -0.00000439    MAINTENANCE   -   Shares 125952 , Cost: -0.00006185
2014-12-13 02:36:42    0.00004143 BTC   0.00005746    MINING   -   Block #334031, Reward: 0.00004143
2014-12-13 00:21:36   -0.00004684 BTC   -0.00003482    MAINTENANCE   -   Shares 96768 , Cost: -0.00004684
2014-12-13 00:21:36    0.00003900 BTC   0.00001202    MINING   -   Block #334016, Reward: 0.00003900
2014-12-12 22:36:36   -0.00001686 BTC   -0.00003163    MAINTENANCE   -   Shares 34816 , Cost: -0.00001686
2014-12-12 22:36:36    0.00001385 BTC   -0.00001477    MINING   -   Block #334008, Reward: 0.00001385
2014-12-12 22:06:25   -0.00002900 BTC   -0.00002862    MAINTENANCE   -   Shares 59904 , Cost: -0.00002900
2014-12-12 22:06:25    0.00000000 BTC   0.00000038    MINING   -   Block #334005, Reward: 0.00000000

Thanks, I bought the S2 before the S3 was available; the S3 does have a great price.  I also have a couple of S1's working that I picked up second hand for under 170 each.  I plan on picking up a couple of S3's, I just need to make some money first to reinvest it, rather than paying out of pocket.

tip buddy bitmain and s3 ants ya can get a th or pretty close to it for less that a grand going that way so for ya 2 grand ya can get about 2 th via the s3 ant option and have change for ya 1st couple power bills

Yeah, newbies buy at these prices. Some newbies even buy hardware at 10 USD per GH/s. I'm pretty sure they didn't look at the numbers, like you are doing now.

Even 2 USD per GH/s is a horrible price. Then add on the maintenance fees.

Buy your own hardware at under 1 USD per GH/s and host it yourself if you can. That will make a huge difference with profitability. This also helps to keep mining decentralized, which is a very good thing.

I’m somewhat new to the cryptocoin market; I’ve only been mining and learning for a little under a month.  I’ve purchased hardware for both SHA and Scrypt, but I mostly mine BTC on GHASH.IO basically because of the frequency of their block discoveries.

My question is about the GHS service that CEX provides.  It appears that you can purchase 1 gh/s for approximately $2.00 USD, but you are charged a $0.18 fee per month per gh/s.  Both the purchase price and the fee seem high to me.

If I want to purchase a th/s, my upfront cost will be approximately $2,000.00 with an additional $180.00 a month in fees.  Right now I have a Bitmain S2 and I’m only paying approximately $50.00 in power and the unit was $1,799.00.  My current earning at this difficulty are approximately $13.00 a day, meaning that it takes about 4 days to pay for my electric.  If I were to purchase GHS, it would take me 14 days per month to pay my fees before I make money.

Are people purchasing GHS because they don’t know any better, or because it’s convenient?  I’m wondering if I’m just missing something?

Bryan