[Not] Good price at CEX.io - page 28.

evansearle42

sr. member

Activity: 366

Merit: 250

Quote from: balanghai on October 29, 2013, 07:54:43 AM

Quote from: high110 on October 29, 2013, 06:26:16 AM

they're going to implement a .001 maintenance fee per hour - sighs...I'm pulling out guys. I was so excited about it a few days ago...can't believe it's over already =(

read here: https://www.cex.io/faq

FAQ number 3.

Hey read it again. It says $0.001 not BTC man it's in dollars. And it's way cheaper than the electricity hosting at home!!

Oh no, it was free previously....

chalidore

sr. member

Activity: 247

Merit: 250

Even if priced in dollars, an hourly fee is insane. If I have 500 gh mining, the fee is $12 per day. With the difficulty increase, this move will dramatically reduce chance of hitting ROI. I could score some gear on ebay for about the same dollar to gh ratio as the going rate on cex.io, and just set up the gear somewhere with free electricity. (work, college, hotel room, etc)
When you look at all the mining options available, cex.io is overpriced. When you factor in the new fees starting in a few days, it gets even worse.

balanghai

sr. member

Activity: 364

Merit: 253

Quote from: high110 on October 29, 2013, 06:26:16 AM

they're going to implement a .001 maintenance fee per hour - sighs...I'm pulling out guys. I was so excited about it a few days ago...can't believe it's over already =(

read here: https://www.cex.io/faq

FAQ number 3.

Hey read it again. It says $0.001 not BTC man it's in dollars. And it's way cheaper than the electricity hosting at home!!

Asrael999

hero member

Activity: 703

Merit: 502

not sure I understand this - can I short the contracts? If I do and withdraw the BTC how would they chase me for the bitcoin I would need to pay to the buyer of the contract? If I can't short the contracts, why not? Take away that facility and it is not a real market.
Isn't this just a prettier way of selling one of those nefarious perpetual mining bonds - the value of which only decreases over time?

Seems to me that if I had already taken delivery of a Jupiter for which I paid $6995 which was running at 500GH/s I could sell 500GHs for approx 50BTC -> $10,000 and realise $3000 profit + any coins mined to date already.

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

they're going to implement a .001 maintenance fee per hour - sighs...I'm pulling out guys. I was so excited about it a few days ago...can't believe it's over already =(

read here: https://www.cex.io/faq

FAQ number 3.

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

You still can...it's pretty early in the game =) but you'll need to buy some rigs.

Wow - prices are going up! .0104...omg...GHS is making a run on CEX.io!

bitcoiner49er

sr. member

Activity: 457

Merit: 250

Difficulty goes up, price goes..... UP?! Huh

We got some real Einstein's here. I just wish I was savvy enough to get my own webpage and hashing service going.

waltermot321

sr. member

Activity: 322

Merit: 250

Quote from: high110 on October 28, 2013, 07:35:46 AM

You guys are scaring me..I bought at .085 and now it's at .1ish...wondering if I should sell and just exit until it hits .05 per GHS.

Yup, make your own decision but difficulty is increasing 40% per 11 days.. Good luck

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: high110 on October 28, 2013, 07:35:46 AM

You guys are scaring me..I bought at .085 and now it's at .1ish...wondering if I should sell and just exit until it hits .05 per GHS.

Make your own decisions. If you feel it's the right choice, then go ahead.

high110

sr. member

Activity: 728

Merit: 253

A Blockchain Mobile Operator With Token Rewards

You guys are scaring me..I bought at .085 and now it's at .1ish...wondering if I should sell and just exit until it hits .05 per GHS.

amencon

sr. member

Activity: 410

Merit: 250

Quote from: wrenchmonkey on October 27, 2013, 03:07:27 PM

Quote from: Aalesund on October 27, 2013, 12:35:33 PM

The price of GH/s is too high now.
Maybe if you have 4-5 or 10 BTC, then yes, will have a good profit if you invest, but with small amounts of 1 BTC or even less is pointless to invest.

Not sure how you arrive at that conclusion. If it's a bad investment for <1BTC, it's a bad investment for 5BTC or 10BTC.

It never ceases to amaze me how utterly incapable the people on this forum are of doing simple math. I'd blame it on the U.S. public education system, but many of these people aren't from the US. Roll Eyes

Yes it's amazing how pervasive this misconception is.

To be fair though it is true that most manufacturers will sell their larger miners at lower cost per GH. However this increase in cost-efficacy is usually marginal. In this particular instance I don't know of any mining purchase for 5 or 10 BTC that would net you much better price per GH than a 1 BTC purchase.

MWNinja

hero member

Activity: 630

Merit: 500

It's interesting to see the price adjustment happen well before the difficulty adjustment, then trend up after the difficulty increases. There's lots of money to be made trading GH/S as a security.

wrenchmonkey

full member

Activity: 224

Merit: 100

Quote from: Aalesund on October 27, 2013, 12:35:33 PM

The price of GH/s is too high now.
Maybe if you have 4-5 or 10 BTC, then yes, will have a good profit if you invest, but with small amounts of 1 BTC or even less is pointless to invest.

Not sure how you arrive at that conclusion. If it's a bad investment for <1BTC, it's a bad investment for 5BTC or 10BTC.

It never ceases to amaze me how utterly incapable the people on this forum are of doing simple math. I'd blame it on the U.S. public education system, but many of these people aren't from the US. Roll Eyes

cshelswell

hero member

Activity: 615

Merit: 500

I just sold mine too it's nearly back up at 0.1 which just seems crazy I was sure it would drop after the diff change

chalidore

sr. member

Activity: 247

Merit: 250

When the price of BTC goes up, the price of the mining shares will drop. Paying more than $10 per gh doesn't give you much of a chance to ROI. I just sold my shares. I will buy in when price hits about .05BTC per gh.

Aalesund

full member

Activity: 143

Merit: 100

The price of GH/s is too high now.
Maybe if you have 4-5 or 10 BTC, then yes, will have a good profit if you invest, but with small amounts of 1 BTC or even less is pointless to invest.

Gotta go fast!

newbie

Activity: 45

Merit: 0

It won't be profitable if the difficulty rises too much. Many new ASIC miners are being produced.

klondike_bar

legendary

Activity: 2128

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ASIC Wannabe

Quote from: philipma1957 on October 26, 2013, 09:14:08 AM

Quote from: cshelswell on October 25, 2013, 09:43:47 PM

So i was just tapping some numbers in to http://mining.thegenesisblock.com and i might have this wrong but it looks a lot like you need a price of about 0.05 BTC per GH to turn a profit?

Am I missing something?

WHAT did you use for diff increase rate each month?

132% will not last for more then a few months.

punch in 132% and 5 months then punch in 132 % and 10 months.

After that try 100% for 5 and 10 months.

then try 75%
then try 50%
then try 25%

The real question is how long before the numbers drop from 132% a month back to a more normal 10 to 30% per month.

im guessing janruary we will be down to 60%, and march down to 25%

philipma1957

legendary

Activity: 4256

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'The right to privacy matters'

Quote from: cshelswell on October 25, 2013, 09:43:47 PM

So i was just tapping some numbers in to http://mining.thegenesisblock.com and i might have this wrong but it looks a lot like you need a price of about 0.05 BTC per GH to turn a profit?

Am I missing something?

WHAT did you use for diff increase rate each month?

132% will not last for more then a few months.

punch in 132% and 5 months then punch in 132 % and 10 months.

After that try 100% for 5 and 10 months.

then try 75%
then try 50%
then try 25%

The real question is how long before the numbers drop from 132% a month back to a more normal 10 to 30% per month.

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Volume=volume profit

Topic: [Not] Good price at CEX.io - page 28. (Read 49095 times)