Topic: Is Cex.io a scam? (Read 1130 times)
not really a scam, but a very terrible investment choice...
Many people don't calculate, they fall for overpriced trap. There are many online calculators you easily calculate your profit/loss . When i first heard the cex.io i am tempted to purchase from there.
There are a lot of other good cloud mining services. Using Cex.io you'll lose all your money
That sites a waste of time, any person has so many better options at this point.
But people still swarm to it. Why?
It is very heavily advertised on faucet and ptc sites, so probably attracts newbies.
And some users keep telling others "the site is easy to use", and ask them to register with referral links.
That sites a waste of time, any person has so many better options at this point.
But people still swarm to it. Why?
It is very heavily advertised on faucet and ptc sites, so probably attracts newbies.
cex is an investment venture. Just like stocks exchange or forex. It's in your click and timing. The worst you plan or project, the bigger the chance of losing it all.
theres a cloud mining service like CEX.IO where you can make money
I highly doubt that.
Care to share the info?
Seriously, why don't the site use the hashrate to do mining for themselves then?
Their current price per GHS is .0339 BTC
If you plug that number, multiplied by the number of GHS you wish to purchase, into their mining profit calculator... the amount of profit over the following year NEVER reaches the amount you spent to get the GHS... and so you never recover your initial investment even if they had 0% maintenance fees.
If you plug that number, multiplied by the number of GHS you wish to purchase, into their mining profit calculator... the amount of profit over the following year NEVER reaches the amount you spent to get the GHS... and so you never recover your initial investment even if they had 0% maintenance fees.
Scam? NO.
But you are right, the price is extremely highly priced, and you can hardly get your investment back.
No it's not a scam, but it is filled with a lot of bots that fluctuate the price a lot.
As long as you can earn back what you can possibly lose in a timely manner.
I'd recommend more trading ghs rather than holding.
As long as you can earn back what you can possibly lose in a timely manner.
I'd recommend more trading ghs rather than holding.
scam? No. Practically guaranteed to lose you money? Yes.
Not if you're lucky with the GH/s price! I was, and I made quite a lot! 
So, no it's not a scam!
That sites a waste of time, any person has so many better options at this point.
But people still swarm to it. Why?
That sites a waste of time, any person has so many better options at this point.
theres a cloud mining service like CEX.IO where you can make money
scam? No. Practically guaranteed to lose you money? Yes.
such sketchy domain name...
It is not a scam, but as you have discovered, the shares are way overpriced. They need to sell for less than 0.015 BTC to have a reasonable chance of breaking even.
Some people say that trading is the way to make money. I'm curious how many of them bought shares only 5 days ago at 0.045 BTC and still own them at 0.034 BTC. That's 25% loss. Looks like trading is a money loser, too.
Some people say that trading is the way to make money. I'm curious how many of them bought shares only 5 days ago at 0.045 BTC and still own them at 0.034 BTC. That's 25% loss. Looks like trading is a money loser, too.
You can still gain through trading on a downtrend. There will always be fluctuations you can take advantage of.
Why would they sell at a rate that was less than they would make if they just mined themselves?
It is not a scam, but as you have discovered, the shares are extremely overpriced. They need to sell for less than 0.015 BTC to have a reasonable chance of breaking even.
Some people say that trading is the way to make money. I'm curious how many of them bought shares only 5 days ago at 0.045 BTC and still own them at 0.034 BTC. That's 25% loss. Looks like trading is a money loser, too.
Some people say that trading is the way to make money. I'm curious how many of them bought shares only 5 days ago at 0.045 BTC and still own them at 0.034 BTC. That's 25% loss. Looks like trading is a money loser, too.
Cex.io might as well be a scam unless you buy to trade. But mining... meh.. i wouldn't. If you want a good mining opportunity, click my sig. As soon as I saw what they were offering I pretty much immediately threw money at them. You're looking at making $200-$300 on a $120 investment. So yeah, I went for it myself and gave them over a grand :'D ^.^'
Their current price per GHS is .0339 BTC
If you plug that number, multiplied by the number of GHS you wish to purchase, into their mining profit calculator... the amount of profit over the following year NEVER reaches the amount you spent to get the GHS... and so you never recover your initial investment even if they had 0% maintenance fees.
So I'm failing to see why people are using the site. I know you can make money trading based on the ups and downs of the GHS price, but if your intention is to mine, forget it.
Are there any good cloud mining services where you can actually profit?
If you plug that number, multiplied by the number of GHS you wish to purchase, into their mining profit calculator... the amount of profit over the following year NEVER reaches the amount you spent to get the GHS... and so you never recover your initial investment even if they had 0% maintenance fees.
So I'm failing to see why people are using the site. I know you can make money trading based on the ups and downs of the GHS price, but if your intention is to mine, forget it.
Are there any good cloud mining services where you can actually profit?
Jump to: