investing in cex.io | Bitcointalksearch.org

ranochigo

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Quote from: virtapayseller666 on July 29, 2014, 06:55:58 AM

Quote from: ranochigo on July 29, 2014, 06:53:17 AM

Quote from: zhinkk on July 29, 2014, 06:50:49 AM

Quote from: virtapayseller666 on July 29, 2014, 06:46:12 AM

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

i live example of i bought ghs @ 0.0049 GHS and sold @ 0.0046

i got 0.0004 BTC in wallet from mining and got nothing now i am trading in sites and getting 0.01 btc profit daily

Both trading and mining does have significant amount of risk. The days needed for 1GH to earn 0.0001 is around 3-4 days. By the time, the price may have already drop a lot and you can't even be in positive profit after minusing the transaction fees.

virtapayseller666

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Quote from: ranochigo on July 29, 2014, 06:53:17 AM

Quote from: zhinkk on July 29, 2014, 06:50:49 AM

Quote from: virtapayseller666 on July 29, 2014, 06:46:12 AM

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

i live example of i bought ghs @ 0.0049 GHS and sold @ 0.0046

i got 0.0004 BTC in wallet from mining and got nothing now i am trading in sites and getting 0.01 btc profit daily

ranochigo

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Quote from: zhinkk on July 29, 2014, 06:50:49 AM

Quote from: virtapayseller666 on July 29, 2014, 06:46:12 AM

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

ranochigo

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Quote from: BIGbangTheory on July 27, 2014, 02:04:53 AM

Quote from: ranochigo on July 26, 2014, 06:03:46 AM

Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

Their maintenance fees are way too high. They do not actually set the prices on their GHs, the market does, however it is very difficult to tell when the price is overvalued or when it is undervalued due to the uncertain amount of future difficulty.

To be honest, the difficulty will increase since ASICs are produced at a fast rate. The maintainence fee would cut your daily profit by 10-20%. Even with small difficulty increase, you are actually paying for more than what you earned. They allowed cloud mining to allow themselves to benefit as more new model of ASICs are popping up.

zhinkk

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Quote from: virtapayseller666 on July 29, 2014, 06:46:12 AM

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

virtapayseller666

sr. member

Activity: 294

Merit: 250

investing in cex.io is not profitable
price of ghs is fluctuating every day

BIGbangTheory

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Quote from: ranochigo on July 26, 2014, 06:03:46 AM

Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

Their maintenance fees are way too high. They do not actually set the prices on their GHs, the market does, however it is very difficult to tell when the price is overvalued or when it is undervalued due to the uncertain amount of future difficulty.

cloverme

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SpacePirate.io

Investing in cex.io for mining is a lose/lose situation; there are those who say they've made a return by trading/selling the GHS as a commodity. However, you need to micro trade and sit on your keyboard all day moving btc and ghs around quickly. Likely not a method for most people.

Mining is a rough game at this point, cloud mining is a losing game at this point for sure.

DrG

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Quote from: ranochigo on July 26, 2014, 06:03:46 AM

Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

The bolded part is true, but say they make 5BTC for every 100GHash they own over the reasonable lifetime of their miner. If they can sell that 100GH/s for 7 or 8BTC then they have a guaranteed profit of 2-3BTC for every 100GH/s. Then they just need to keep the farms powered to live up to their end of the bargain. The end user might make a profit is difficulty drops, but the end user has certainly handed their profit over to the cloud mining company when they "overpaid" the extra 2-3BTC.

This is basically why small miners are squeezed out - the can't get the deals the million dollar companies are getting.

ranochigo

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Quote from: zhinkk on July 26, 2014, 10:06:46 AM

Quote from: ranochigo on July 26, 2014, 06:03:46 AM

Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

I'd agree in terms of tradng gh/s and stuff. But lunamining seems like it could potentally ROI... that is if they stay alive long enough.

Provided that difficulty increase rate stays the same, it would be possible to ROI. Given that a lot of ASICs are being shipped, I would expect a 20% increase if bitcoin gains attention and more miners join. The fact that they actually sells mining contract rather than keeping them means that they realise there are a significant amount of risk in this investment therefore selling them and migrating the risk.

zhinkk

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Quote from: ranochigo on July 26, 2014, 06:03:46 AM

Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

I'd agree in terms of tradng gh/s and stuff. But lunamining seems like it could potentally ROI... that is if they stay alive long enough.

neil_duple1

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From my personal experience, you can turn a profit but it takes ALOT of hard work that wont be worth it.
I recently pulled out of cex.io and am looking to invest somewhere else

bitgeek

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Quote from: zhinkk on July 25, 2014, 10:09:38 PM

Quote from: EvilPanda on July 25, 2014, 08:36:52 PM

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

Is it just me or does that site look horrendous? Maybe it's having issues right now, but that's not a properly designed website... I'd be willing to setup bootstrap for free/very cheap if the website owner wants.

Looks good on my screen. Maybe they were doing an update.

ranochigo

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Quote from: FeodoroAndy on July 26, 2014, 05:18:08 AM

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

FeodoroAndy

newbie

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Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

zhinkk

sr. member

Activity: 266

Merit: 250

Quote from: EvilPanda on July 25, 2014, 08:36:52 PM

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

Is it just me or does that site look horrendous? Maybe it's having issues right now, but that's not a properly designed website... I'd be willing to setup bootstrap for free/very cheap if the website owner wants.

EvilPanda

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Small Red and Bad

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

KimNam

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Quote from: jjc326 on July 18, 2014, 12:03:44 PM

Quote from: KimNam on July 18, 2014, 04:50:07 AM

Quote from: ?? on ??

Quote from: KimNam on July 15, 2014, 11:15:53 PM

1) bad experience Tongue

their GHS is way overpriced, and they maintenance fee is horrible
2) per Day 0.00002901 BTC $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now Tongue

you can try to invest in LUNAMINE

lunamine.com Mining Contracts || 0.0025 BTC / GHs || Highest ROI & Fast Support

i don't like mining contract
since we can't predict the difficulty in the future
who knows in 3 month later, 100 GHS will not worth anymore for mining

Yes, lunamine can be a risk but with cex.io you basically KNOW you won't profit. So, better to have a shot at being profitable then no shot with cex.

yeah only dumb people invest there if they know the truth that they won't ROI in cex.io Undecided

but i won't take a risk too to invest in lunamine, double risks here :
Risk that we won't make ROI and risk about they run after some time

jjc326

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Activity: 700

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Quote from: KimNam on July 18, 2014, 04:50:07 AM

Quote from: ?? on ??

Quote from: KimNam on July 15, 2014, 11:15:53 PM

1) bad experience Tongue

their GHS is way overpriced, and they maintenance fee is horrible
2) per Day 0.00002901 BTC $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now Tongue

you can try to invest in LUNAMINE

lunamine.com Mining Contracts || 0.0025 BTC / GHs || Highest ROI & Fast Support

i don't like mining contract
since we can't predict the difficulty in the future
who knows in 3 month later, 100 GHS will not worth anymore for mining

Yes, lunamine can be a risk but with cex.io you basically KNOW you won't profit. So, better to have a shot at being profitable then no shot with cex.

Golph

full member

Activity: 153

Merit: 100

Dont invest in cex.io if you use some simple calculator you will quickly find out that you won't ROI with it.

Topic: investing in cex.io (Read 2435 times)