At least it's not a situation where everyone is locked into an expensive multi-year contract.
The exchange provides a market, since it's overpriced you get a long down trend. At some point prices will (probably) be low enough to be a really great deal.
CEX.io is a site I intend to join, but haven't put a high priority on getting started.
Topic: Looks like all the dumbasses who have CEX.io GHs are going to be holding the bag (Read 782 times)
May 01, 2014, 11:01:12 PM
May 01, 2014, 10:31:30 PM
I took it to mean that bitpop found the current situation to be a form of amusement in way or another but that could be a misinterpretation on my part.
Correct, ghash=cex
People overpaying for mining in order to trade and scam others, supporting a pool that's too large. Very greedy.
May 01, 2014, 10:22:43 PM
Bear markets are fun for some people, it depends on how much money you have to work with.
Almost everything related to mining will get hot again when BTC doubles in price and keeps going higher.
Almost everything related to mining will get hot again when BTC doubles in price and keeps going higher.
May 01, 2014, 10:14:44 PM
I took it to mean that bitpop found the current situation to be a form of amusement in way or another but that could be a misinterpretation on my part.
May 01, 2014, 10:12:37 PM
This is all very new to me but I using it as a learning experience. Hopefully others chose to do the same.
Life is an adventure in learning.
Im enjoying ghash burn
ghash burn?Does that mean you like seeing the price go lower, or something else?
May 01, 2014, 09:57:12 PM
This is all very new to me but I using it as a learning experience. Hopefully others chose to do the same.
May 01, 2014, 09:44:42 PM
Im enjoying ghash burn
May 01, 2014, 09:13:37 PM
Yup the idea of watching the value go down doesn't sound like a good deal. Maybe the fees could be lowered?
May 01, 2014, 09:05:10 PM
buy low, sell even lower. yipeee
May 01, 2014, 01:18:49 PM
Seems like a great time to sign up at cex.io and do some trading.
Buy low...Buy more lower.
Buy low...Buy more lower.
May 01, 2014, 03:17:35 AM
Lol I'm surprised it's profitable at all
April 29, 2014, 11:55:51 PM
Looks like the price at cex.io crashed.
And the maintenance fees are ridiculous now.
Maintenance of 100 GH = $26 / month.
Revenue of 100 GH at current exchange rate (443) and current difficulty = just $83 / month.
In a few more months those GH won't be profitable at all.
And the maintenance fees are ridiculous now.
Maintenance of 100 GH = $26 / month.
Revenue of 100 GH at current exchange rate (443) and current difficulty = just $83 / month.
In a few more months those GH won't be profitable at all.
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