Topic: IS mining on CEX.io is profitable for small scale? (Read 2498 times)
People were running the numbers on the site in my sig and apparently if the diff increase is less than 17% you'll make a profit, so I'd check them out. They seem fair and have everything laid out in their thread, with costs and fees so that you can judge for yourself.
Look at it from both points of view:
Trading - GHS' depreciate. This much should be obvious, as new more efficient mining hardware comes to market, and the hashrate of the network grows, yours is worth less. Good rule of thumb is don't buy assets that are nearly guaranteed to depreciate.
Mining - currently BTC0.0046/GHS. Need I say more?
Trading - GHS' depreciate. This much should be obvious, as new more efficient mining hardware comes to market, and the hashrate of the network grows, yours is worth less. Good rule of thumb is don't buy assets that are nearly guaranteed to depreciate.
Mining - currently BTC0.0046/GHS. Need I say more?
IS mining on CEX.io is profitable for small scale?
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
Doesnt matter if it small scale or big scale it is still not worth it to buy hash from cex.io..
IS mining on CEX.io is profitable for small scale?
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
Not worth it with 4ghs
I was about to rent a mining rig but didn't know about cex.io and the possibility to sell the mining power, I'll try this one.
The issue with mining contracts is you can't resell the GH/s, so you're stuck whether or not it is profitable.
At least with CEX you can sell back the GH/s. There are even some trade bots that will automatically buy and sell based on the price swings. There's definitely opportunity there, but with contracts your BTC is gone.
At least with CEX you can sell back the GH/s. There are even some trade bots that will automatically buy and sell based on the price swings. There's definitely opportunity there, but with contracts your BTC is gone.
If you're holding mining contracts for that length of time you're doing it wrong. Mining contracts can make you a lot of money if you use them correctly - targeting pump and dump new coins.
The issue with mining contracts is you can't resell the GH/s, so you're stuck whether or not it is profitable.
At least with CEX you can sell back the GH/s. There are even some trade bots that will automatically buy and sell based on the price swings. There's definitely opportunity there, but with contracts your BTC is gone.
At least with CEX you can sell back the GH/s. There are even some trade bots that will automatically buy and sell based on the price swings. There's definitely opportunity there, but with contracts your BTC is gone.
No way you can profit in cloud mining, there is only profit for those, who sells you those gh/s.
This might be true for some sites but I've run the numbers on the site that's in my signature. If profitability is less than 17% this coming increase then you will profit. Plus they seem legit unlike a bunch of cloud mining sites.
ok thanks friends for telling me thanks again i am getting 0.01 btc profit now in some site daily
Sell your GH/s in Cex, move the BTC to an exchange - trade BTC/fiat - the worst case scenario is that you lose out on jump in price or possibly the exchange runs with your money. Trading on a cloud mining platform only adds to the risks one is exposed to and doesn't offer any major increase in profit for that risk.
No way you can profit in cloud mining, there is only profit for those, who sells you those gh/s.
CEX.io isn't a cloud mining site, it's actually a trading site.
Buying small scale GH/s won't net you any profit at all.
What you have to do is buy a decent chunk of GH/s when the price is low, then after a significant price increase, trade in your GH/s. You'll profit on the price per GH/s difference.
But just straight cloud mining for profit, no way in hell.
Buying small scale GH/s won't net you any profit at all.
What you have to do is buy a decent chunk of GH/s when the price is low, then after a significant price increase, trade in your GH/s. You'll profit on the price per GH/s difference.
But just straight cloud mining for profit, no way in hell.
Well you can also trade and mine.
I would recommend watching the price of GH/s while you mine and see if you can profit on both sides.
I would recommend watching the price of GH/s while you mine and see if you can profit on both sides.
IS mining on CEX.io is profitable for small scale?
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
Jump to: