Topic: Just bought GHash's from CEX is that a good idea? (Read 2539 times)
It is only a good idea as long as there are gullible people who you can sell them to for a profit. It's a terrible model, though.
Cex will be unprofitable in about a month or two.
I totally agree, not worth it. I would use the money to buy BTC instead. At least you have the bitcoins right away and they will go up in value within the next year.
I'm want to buy for the exchange. And, I'm still deciding if I should go for this.
Before you jump in blindly and buy GH/s, it would be a good idea to figure out how much it will mine for you. I'll give you a hint ... 1 GH/s will mine less than 0.06 BTC over the next year. That is where the price will go, so buying now could be very risky.
I'm want to buy for the exchange. And, I'm still deciding if I should go for this.
I am surprised the price is still at 0.1079 per GH/s... Based on my calculation, the fair price should be 0.05 Gh/s...
Ghash is on the point of being unprofitable.
Everyone says this, but really its true: You're better off buying some BTC in cash from an exchange rather than investing in an ASIC that you won't get for months on end. By the time you do, as mentioned above, the difficulty will be so high that there's no guarantee you'll ever meet ROI.
That's not to say mining isn't profitable. For some, it certainly is. But this was Satoshi's brilliance. The market will self-regulate between profitability in mining and not mining via difficulty level.
That's not to say mining isn't profitable. For some, it certainly is. But this was Satoshi's brilliance. The market will self-regulate between profitability in mining and not mining via difficulty level.
If we ignore the fees and charges, the price is still too high to see any positive return. And worse still, fees coming.
People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days
As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?1 GH/s at cex.io will also never see a positive ROI and will have a HORRID resale value in February, probably somewhere around 0.005 BTC, if you are lucky.
I came to CEX with some 0.94863546 BTC spange, and am leaving with 1.29863546 BTC.
That is a 31.1489% profit, or "R-O-*******-I."
I have been using the site since the evening of the 22nd. It is roughly the same time now, but today is the 1st. That is 10 days. That's 3.1% return every day, which is way more than what I see using a tuned EMA trader. I did not just "get lucky," I used my head, and made BTC. With very little BTC.
I'm not even aggressively day trading, considering it is an exchange with 0.00000% transaction fee.
But you people seem a little thick to the idea so I'm just going to stop talking about it now.
Good evening all,
nynexx
Hmm, good luck making back your investment. But worth a small investment for the 'fun' of it I think.
People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days
As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?1 GH/s at cex.io will also never see a positive ROI and will have a HORRID resale value in February, probably somewhere around 0.005 BTC, if you are lucky.
People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days
As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?"At least with CEX I can pull out."
these forums are littered with CEX referral spam.
You are smart and foresighted sir.
I haven't settled on whether it is a good or bad idea. What I'm certain about is that these forums are littered with CEX referral spam.
And signature spam, and altcoin spam, and obvious scam spam, plus a lot more I don't care to try and list.
I haven't settled on whether it is a good or bad idea. What I'm certain about is that these forums are littered with CEX referral spam.
People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days and go down to negative as the fees and electricity are higher than the gain from mining. It is only because most of you don't get it that it stay overpriced.
Wake up people, 1 GH/S produce nothing, we entered the area of TH/S.
Wake up people, 1 GH/S produce nothing, we entered the area of TH/S.
no you're not..but good luck anyway
What you have to do is play the market with your GHs. Buy low and sell high just like a stock. There's usually a mass sell of a couple days before a diff increase so you can sell at whatever it is then pick up more hashing power after the diff increase and keep up somewhat with the increase.
Any which way BTC are a fantastic investment. Good luck to all in the quest of BTC
What you have to do is play the market with your GHs. Buy low and sell high just like a stock. There's usually a mass sell of a couple days before a diff increase so you can sell at whatever it is then pick up more hashing power after the diff increase and keep up somewhat with the increase.
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