Just bought GHash's from CEX is that a good idea? - page 2.

CaptainGoodVibes

newbie

Activity: 5

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Quote from: nynexx on October 29, 2013, 08:22:43 PM

Quote from: BitcoinHeroes on October 29, 2013, 07:46:33 PM

Not worth it unless the price is lower and can ROI....

Again, it's an exchange. It's super fluid, and the price definitely varies. I've seen it as low as 0.040 and as high as 0.125 BTC per Gh/S. Hell, I've dumped all my Gh/S into BTC twice and have in no way lost money on the investment. Oh, and ROI? I have every 0.0001 BTC back + mining profits + trading profits. Yeah, lost a lot of money on that one Huh

So long story short: Buy in and sit on CEX shares? Probably a loss. Trade, like a good member of a commodity exchange should? You'll head out on top. If you're smart. Wink

Cheers, fellows.

I agree nynexx , for the short term its hard to see how you can lose. Cheers mate BTC

nynexx

newbie

Activity: 14

Merit: 0

Quote from: BitcoinHeroes on October 29, 2013, 07:46:33 PM

Not worth it unless the price is lower and can ROI....

Again, it's an exchange. It's super fluid, and the price definitely varies. I've seen it as low as 0.040 and as high as 0.125 BTC per Gh/S. Hell, I've dumped all my Gh/S into BTC twice and have in no way lost money on the investment. Oh, and ROI? I have every 0.0001 BTC back + mining profits + trading profits. Yeah, lost a lot of money on that one Huh

So long story short: Buy in and sit on CEX shares? Probably a loss. Trade, like a good member of a commodity exchange should? You'll head out on top. If you're smart. Wink

Cheers, fellows.

BitcoinHeroes

sr. member

Activity: 364

Merit: 250

Not worth it unless the price is lower and can ROI....

MWNinja

hero member

Activity: 630

Merit: 500

Buying on Cex.io is better than buying hardware in many ways. No heat, No huge electicric bills, and a liquid market to buy/sell more GH/s.

It's certainly a better deal than any ASIC offering at the moment once you consider the hosting expenses. Plus you get access to what is currently the best pool, ghash.io.

And by all means use the link in my sig.

madman4bit

newbie

Activity: 6

Merit: 0

Quote from: pontiacg5 on October 29, 2013, 05:13:50 PM

No link to the blades, search will find you some, maybe for even less...

Here's the overclock "instructions." The new blades only have one clock chip, so you have to swap it as well as some current set resistors to increase the voltage.

https://bitcointalksearch.org/topic/new-version-unoverclockable-asicminer-blade-overclock-kit-in-stock-310752

Thanks!.. I found some blades on Amazon.. will check out the overclock instructions..

pontiacg5

sr. member

Activity: 364

Merit: 250

No link to the blades, search will find you some, maybe for even less...

Here's the overclock "instructions." The new blades only have one clock chip, so you have to swap it as well as some current set resistors to increase the voltage.

https://bitcointalksearch.org/topic/new-version-unoverclockable-asicminer-blade-overclock-kit-in-stock-310752

madman4bit

newbie

Activity: 6

Merit: 0

Quote from: pontiacg5 on October 29, 2013, 04:08:05 PM

Quote from: CaptainGoodVibes on October 29, 2013, 04:00:26 PM

Quote from: monbux on October 29, 2013, 03:34:45 PM

Quote from: ?? on ??

Well at the current price, no. If it was cheaper then it might be worth your money.

It was. Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Buy a ASIC blade for 1.1 BTC, 2-3 days for shipping and have .11/Gh. Plus it's not part of a monster centralized bitcoin pool...

Overclock it to 14-16Ghash too, if you can solder.

Got a link to these and overclock instructions?

pontiacg5

sr. member

Activity: 364

Merit: 250

Quote from: CaptainGoodVibes on October 29, 2013, 04:00:26 PM

Quote from: monbux on October 29, 2013, 03:34:45 PM

Quote from: ?? on ??

Well at the current price, no. If it was cheaper then it might be worth your money.

It was. Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Buy a ASIC blade for 1.1 BTC, 2-3 days for shipping and have .11/Gh. Plus it's not part of a monster centralized bitcoin pool...

Overclock it to 14-16Ghash too, if you can solder.

erre

legendary

Activity: 1680

Merit: 1205

Quote from: CaptainGoodVibes on October 29, 2013, 04:00:26 PM

Quote from: monbux on October 29, 2013, 03:34:45 PM

Quote from: ?? on ??

Well at the current price, no. If it was cheaper then it might be worth your money.

It was. Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Don't think your referral link would suffice to gain some money out of it.

CaptainGoodVibes

newbie

Activity: 5

Merit: 0

Quote from: monbux on October 29, 2013, 03:34:45 PM

Quote from: ?? on ??

Well at the current price, no. If it was cheaper then it might be worth your money.

It was. Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

MOD NOTE:
Referral link removed

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: ?? on ??

Well at the current price, no. If it was cheaper then it might be worth your money.

It was. Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

lysolcargo

newbie

Activity: 16

Merit: 0

Unless the Bitcoin difficulty stops growing like this, you may never get a return on your investment.

erre

legendary

Activity: 1680

Merit: 1205

Quote from: pontiacg5 on October 29, 2013, 02:41:38 PM

Mostly wrong, because the electricity cost of the current network hashrate is a lot lower than the BTC/USD exchange rate. Miners likely won't turn hardware off till it's breakeven at best and slightly negative at worst.

Assuming the exchange rate stays steady we've a lot more difficulty to go before current network hardware becomes inefficient.

Got it: with ASIC miners and a "strong" BTC, the electricity cost/GH will drop and mining will be money-efficient for a still a long time, but not worth the overpriced hardware unless you start mining today.
Thank you guys, u're helping me a lot in understanding how all of this work.

EccLipSe

member

Activity: 168

Merit: 10

mining power will not be decreased. no one stops mining because they make investment for it. So the dificulty will be increased following months and it'll stabilize somewhere. Miners will go on mining but device prices will go down or capasity will be bigger.

Anyway the result is step away mining in following months. Everything will be stabilized later on.

pontiacg5

sr. member

Activity: 364

Merit: 250

Quote from: erre on October 29, 2013, 02:26:49 PM

Quote from: favdesu on October 29, 2013, 02:14:13 PM

you guys should step away from the mining idea. it's over.

Maybe for now. But what's next? If people stop mining, the difficulty will fall again and mining will return to be convenient, or not?
I mean: a lot of people are overinvesting in mining now, so in the next future difficulty could be artificially high because people are mining more than it's convenient to mine... and we'll expect a drop in difficulty in the short time. Am i wrong?

Mostly wrong, because the electricity cost of the current network hashrate is a lot lower than the BTC/USD exchange rate. Miners likely won't turn hardware off till it's breakeven at best and slightly negative at worst.

Assuming the exchange rate stays steady we've a lot more difficulty to go before current network hardware becomes inefficient.

gamersglory

member

Activity: 114

Merit: 10

No more Crypto in this world

Quote from: erre on October 29, 2013, 02:26:49 PM

Quote from: favdesu on October 29, 2013, 02:14:13 PM

you guys should step away from the mining idea. it's over.

Maybe for now. But what's next? If people stop mining, the difficulty will fall again and mining will return to be convenient, or not?
I mean: a lot of people are overinvesting in mining now, so in the next future difficulty could be artificially high because people are mining more than it's convenient to mine... and we'll expect a drop in difficulty in the short time. Am i wrong?

Mining only makes sense now if you are mining in TH/s not MH/s or GH/s. because of the difficulty

erre

legendary

Activity: 1680

Merit: 1205

Quote from: favdesu on October 29, 2013, 02:14:13 PM

you guys should step away from the mining idea. it's over.

Maybe for now. But what's next? If people stop mining, the difficulty will fall again and mining will return to be convenient, or not?
I mean: a lot of people are overinvesting in mining now, so in the next future difficulty could be artificially high because people are mining more than it's convenient to mine... and we'll expect a drop in difficulty in the short time. Am i wrong?

superresistant

legendary

Activity: 2156

Merit: 1131

https://docs.google.com/spreadsheet/ccc?key=0AnoTFX7YTCl0dFFFektlRmJ0T0pwRGlvN3pyVHhPVFE&usp=drive_web#gid=0

Yeah it's a great way to loose 80% of your bitcoins. It's not even a scam, it's the fool's game.

favdesu

legendary

Activity: 1764

Merit: 1000

Quote from: erre on October 29, 2013, 02:13:37 PM

Clear. Buying from cex.io is not a big idea, unless you're speculating on assetts rather than mining.
But there's no way to buy some hosted mining power? this HAVE TO be cheaper than run the machine by themself.. i see that butterflylab offer 10 "wannabe" GH/s for 10 bucks, but there are many concerns about the delivery time and it sounds like scam...

you guys should step away from the mining idea. it's over.

erre

legendary

Activity: 1680

Merit: 1205

Clear. Buying from cex.io is not a big idea, unless you're speculating on assetts rather than mining.
But there's no way to buy some hosted mining power? this HAVE TO be cheaper than run the machine by themself.. i see that butterflylab offer 10 "wannabe" GH/s for 10 bucks, but there are many concerns about the delivery time and it sounds like scam...

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