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Topic: is anybody here using CEX.IO for mining (Read 2014 times)

sr. member
Activity: 266
Merit: 250
support.
December 14, 2014, 12:18:44 AM
#28
cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.
+1

only for mining is not a good idea. But if you have skills and luck you can made profit by trading Ghs and other currencies..

i think that is the only way.
for mining at cex.io you will get btc and some altcoins. but that is realy not a profit. after maintenance fee you will have around +/- 0.
it is more a way to have a continual income.
that you can use for trading, to generate some profit.

You say you will get around 0 then you say you will have a continual income. It's contradictory.
I think cex.io gives you a small profit in average, 3 to 5 times less than other cloudmining services.

yes, you're right. my mistake. I have expressed myself incomprehensible.

when you buy ghs, these generate an income which is very low.
profit you make only from the date on which you get back your spending on the ghs. that can happen after an indeterminate time. but it is not sure! the maintenance fee may also exceed this income. (and even then you get an income! but from which nothing will remain, due to the maintenance cost. in the best case it results around 0)
There is a lot of speculation as to whether you get your investment back and how the company calculates its cost.
Also note the difficulty and blockreward.

You say "I think cex.io gives you a small profit in average, 3 to 5 times less than other cloud mining services."
for today and tomorrow, I agree with that. but how is it in 3-6 months?
You'll then also be able to say so?

note:
at cex.io you can also join a pool of your own mining hardware. then calculated the company no maintenance fee for you. but I do not know if that's profitable. other cost factors are then crucial...
hero member
Activity: 1022
Merit: 500
December 13, 2014, 07:32:44 PM
#27
cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.
+1

only for mining is not a good idea. But if you have skills and luck you can made profit by trading Ghs and other currencies..

i think that is the only way.
for mining at cex.io you will get btc and some altcoins. but that is realy not a profit. after maintenance fee you will have around +/- 0.
it is more a way to have a continual income.
that you can use for trading, to generate some profit.

You say you will get around 0 then you say you will have a continual income. It's contradictory.
I think cex.io gives you a small profit in average, 3 to 5 times less than other cloudmining services.
legendary
Activity: 3472
Merit: 10611
December 13, 2014, 12:31:36 PM
#26
I used to have some Gh/s there but I never made anything. They keep taking a "maintenance fee" that would sometimes be more than what I earned so my account would go down!... LOL I would login and see -0.0004056  Sad


Not worth your time or money.  Wink
can i ask how much GHS did you have?
sr. member
Activity: 266
Merit: 250
support.
December 13, 2014, 11:25:47 AM
#25
cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.
+1

only for mining is not a good idea. But if you have skills and luck you can made profit by trading Ghs and other currencies..

i think that is the only way.
for mining at cex.io you will get btc and some altcoins. but that is realy not a profit. after maintenance fee you will have around +/- 0.
it is more a way to have a continual income.
that you can use for trading, to generate some profit.
hero member
Activity: 1022
Merit: 500
December 13, 2014, 02:37:05 AM
#24
I used to have some Gh/s there but I never made anything. They keep taking a "maintenance fee" that would sometimes be more than what I earned so my account would go down!... LOL I would login and see -0.0004056  Sad


Not worth your time or money.  Wink

It is still hard to understand how people pay 0.0016 to have a negative income. Sell!
full member
Activity: 210
Merit: 100
Need To Contact Me? Go To My Site!
December 12, 2014, 06:16:15 PM
#23
I used to have some Gh/s there but I never made anything. They keep taking a "maintenance fee" that would sometimes be more than what I earned so my account would go down!... LOL I would login and see -0.0004056  Sad


Not worth your time or money.  Wink
hero member
Activity: 1022
Merit: 500
December 12, 2014, 05:51:57 PM
#22
cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.

I don't see how you can turn a profit apart from trading with 0.107$/GHS/month and GHS at 0.0016.
legendary
Activity: 896
Merit: 1000
December 12, 2014, 05:51:13 PM
#21
i have started using cex a few days ago, just to try how it is to cloudmine. their fees are pretty steep.
good thing is you are merge mining some other coins that you can sell for BTC
legendary
Activity: 1106
Merit: 1000
December 12, 2014, 05:41:15 PM
#20
cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.
hero member
Activity: 644
Merit: 500
December 12, 2014, 04:53:43 PM
#19
I'm using Hashprofit and the ROI isn't there 3000 days. ;-) You could also try it for free for a week.

 Are you kidding?? I was looking at the hashprofit too, but the prices are mad high... 0.97199 BTC for 1Mh/s (1000Kh/s)?? that's insane.. It's the highest i've seen on the cloud mining market

They arent mining Bitcoin so you can't compare the hashrate. I have 1409 khs and got 0,01 btc a day.
legendary
Activity: 1190
Merit: 1000
no need to carry heavy money bags anymore
December 12, 2014, 04:37:24 PM
#18
only for mining is not a good idea. But if you have skills and luck you can made profit by trading Ghs and other currencies..
jr. member
Activity: 80
Merit: 2
December 12, 2014, 03:58:27 PM
#17
I'm using Hashprofit and the ROI isn't there 3000 days. ;-) You could also try it for free for a week.

 Are you kidding?? I was looking at the hashprofit too, but the prices are mad high... 0.97199 BTC for 1Mh/s (1000Kh/s)?? that's insane.. It's the highest i've seen on the cloud mining market
hero member
Activity: 644
Merit: 500
December 12, 2014, 09:07:54 AM
#16
I'm using Hashprofit and the ROI isn't there 3000 days. ;-) You could also try it for free for a week.
newbie
Activity: 42
Merit: 0
December 12, 2014, 08:52:34 AM
#15
i looked about cloud mining and CEX.IO too .... its strange to see the price falling on CEX.IO after a buy ... or not really strange ^^
After few calculations  if i invest 1 btc on CEX.IO  i will get back my btc after 3000 days .... so no thanks !
legendary
Activity: 3472
Merit: 10611
December 12, 2014, 07:53:15 AM
#14
i tried mining at CEX.IO recently. i bout GHS when the price went down but the maintanace fee was more than what i would earn from it so i sold it at higher price for GHS which at least i got some profit out of it
newbie
Activity: 28
Merit: 0
December 12, 2014, 06:32:06 AM
#13
So basically what they are selling is close to worthless but trading it to unsuspecting victims is profitable, sounds very legit indeed Roll Eyes
hero member
Activity: 574
Merit: 500
CoinBooster Rep
December 12, 2014, 05:57:53 AM
#12
If you're going to be using cex just for mining I wouldn't recommend it.
legendary
Activity: 1596
Merit: 1000
December 12, 2014, 05:47:41 AM
#11
i've been using CEX.IO for some time now but all for trading! even trading GHS but i wanted to know if it is profitable to buy GHS and let it mine.
i would be so thankful if you share your own experience with me like how much GHS did you buy and how much did it mine for you

There are now better options out there than CEX in cloud mining world. Try them...
There are many cloud mining companies coming out suddenly this year! I think the operators earn a lot from selling this mining contracts.
newbie
Activity: 38
Merit: 0
December 12, 2014, 05:45:26 AM
#10
I've used them for mining, but now I trade there. Works well for me.
hero member
Activity: 584
Merit: 500
December 12, 2014, 05:29:39 AM
#9
The maintenance fee is indeed very big....

Mining is never profitable for the end customers.
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