Or think about it this way: It is a medium to high risk investment that pays 23% interest monthly. (at 0.07/GH and today's difficulty). Slightly better if you reinvest (compound) that interest by buying additional GHS on a regular basis with your interest. Obviously the "interest" will continue declining as difficulty increases which is why over a long period of time the average returns are going to be worse because the cost/GHS will continue to decrease in line with the "interest".
Don't think of it as buying mining power but rather from the investment/returns perspective and it makes a lot more sense.
I've seen posts where people say the GHS price should be 0.03. If someone was offering you an investment that made better than 10%/week and was backed, at least somewhat, by a company rather than some guy with a hammer that would break kneecaps of debtors if they didn't pay that would be pretty popular, hence the current cost.
Topic: I cant understand cex.io investors - page 4. (Read 8379 times)
Consider this scenario.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
Yep, bought around 50ghs, mined with it for couple of weeks before selling everything and still getting a profit alone by just selling my ghs. It was around 0.067 and now its reaching 0.73
Consider this scenario.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
Ok, I think you are right but, it isnt the same the last week? you can trade and blablabla but the price was better than this week.
Consider this scenario.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
I have 1 btc. I buy some ghs on the exchange for say .07btc per ghs. i mine with it for a few days I make some more btc with it. Then sell my position in the exchange because the price of ghs went up to .075.
Its like getting dividends. Also you can trade on the exchange 24 hours a day.
Its not as simple as buy cloudmining from bfl that doesnt even start yet.. it starts right away.
Mind you, it isnt perfect, but you dont have to wait on a preorder set it up wait for shipping pay for electricity, keep your cat off your miner.. etc. it just works.
so that piece of mind is worth a premium alone, but you also get to make profits trading too should you be so inclined.
i lost about 20% there and pulled out. theres serious price manipulation going on. but if youre paying attention you can profit from it too.
no but they think their customers are 
The last week, with the last difficulty and 900$/BTC the price in cex.io was 0,086BTC/Ghs or 77$/Ghs
With simple maths 77$ minus 16%= 65,016$ / 1200$/BTC = 0,054BTC/Ghs for the same bitcoin production.
¿Are we stupid? ¿are we paying less than the real price the last week or more this week?
I cant understand cex.io investors.
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Edit 19/01/14
Cex.io Price for 1 GH/s: 0.046BTC
Diff. inc. 1 Year Production Profft
15% 0.052BTC 0.006 (13%)
20% 0.043BTC -0.003 (-6%)
25% 0,037BTC -0.009 (-19%)
With simple maths 77$ minus 16%= 65,016$ / 1200$/BTC = 0,054BTC/Ghs for the same bitcoin production.
¿Are we stupid? ¿are we paying less than the real price the last week or more this week?
I cant understand cex.io investors.
-----------------------------------------------------------------------------------------------------
Edit 19/01/14
Cex.io Price for 1 GH/s: 0.046BTC
Diff. inc. 1 Year Production Profft
15% 0.052BTC 0.006 (13%)
20% 0.043BTC -0.003 (-6%)
25% 0,037BTC -0.009 (-19%)
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