suggestions mining in cex.io | Bitcointalksearch.org

Farmer17

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Quote from: mezmerizer9 on September 19, 2014, 06:43:52 PM

DO NOT invest into cex.io fees are insanely high and the profit is... lower than low. I lost about 0.3 btc because of cex.io.

And I still have no idea why someone will buy 1 GH/s for 0.0029 btc on cex.io now, in which he has to pay 80%+ of his mining revenue as maintenance fee.

The fee % was high, but it has never been that high, but it seems people there don't care at all...

mezmerizer9

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DO NOT invest into cex.io fees are insanely high and the profit is... lower than low. I lost about 0.3 btc because of cex.io.

AltcoinInvestor

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send your 1 bitcoin's 75% to someone you don't know.
so you'll hold still 0.25 btc

this is probably more profitable than buying ghs on cex.io on long term.

no141

sr. member

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If you have a PB mining contract, there's two ways to transfer. Either start out with info that you will release to the next person, including an email account. That way you can transfer everything. Or you can go to the PB mining site, and contact them for details of just transferring one contract, I think someone here said it was possible.

Farmer17

hero member

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Quote from: Puppet on September 19, 2014, 02:19:11 AM

Reality check.
Step 1
go to https://bitcoinwisdom.com/bitcoin/difficulty

Step 2
Fill out the next estimated difficulty in the right side calculator as so:

Step 3
Note that expected mining revenue is $0.175 per month. Cex.io maintenance fees are $0.18 per month (https://cex.io/maintenance).

Step 4
Let it sink in, about a week from now, your cex.io shares are most likely worth ZERO.

Today's price drop in bitcoin makes a big difference to the mining profitability.
But even at current difficulty and a $500 price (it is right now below $400), 1 GH/s can only bring you $0.25 a month, which means cex.io was charging you 72% fee. Cheesy

micky123

legendary

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CEX.io is a losing proposition. I am losing like crazy. Highly recommend that you avoid cloud mining at all costs. Now with BTC dropping, its an even bigger maintenance charge (cex charges maintenance in $). Heck, it would be even cheaper to rent some miners on betarigs instead.

Puppet

legendary

Activity: 980

Merit: 1040

Reality check.
Step 1
go to https://bitcoinwisdom.com/bitcoin/difficulty

Step 2
Fill out the next estimated difficulty in the right side calculator as so:

Step 3
Note that expected mining revenue is $0.175 per month. Cex.io maintenance fees are $0.18 per month (https://cex.io/maintenance).

Step 4
Let it sink in, about a week from now, your cex.io shares are most likely worth ZERO.

cookiemonsterwhat

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Activity: 252

Merit: 250

Quote from: Lohoris on August 18, 2014, 05:06:09 AM

Quote from: gelar24 on August 18, 2014, 05:04:52 AM

highly recommended if you guys if I have 1BTCcapital

do not invest what you can't afford to lose.

This advice is probably the most overlooked advice, and so important.

Just regard those words, before making any commitment to anything. All I can say is do your own "homework", and verify peoples advice etc.

Katarina

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hashnest is offering cheaper price per gh/s then cex.io. The problem is, both are not profitable..

micky123

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Quote from: Puppet on September 18, 2014, 04:02:15 AM

ANyone here still owns cex.io mining shares? I want to double your mining revenue if you borrow me your shares for 2 months.

I do, whats your offer? Pm please

Puppet

legendary

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ANyone here still owns cex.io mining shares? I want to double your mining revenue if you borrow me your shares for 2 months.

Dannie

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Quote from: Kprawn on August 21, 2014, 01:47:08 PM

Well the maintenance fees are damned high. I have some GHS and the BTC i get, are absorbed by the fees.

PBmining is a option, but it seems to be a ponzi scheme, and might be gone in a day.

CEX.IO can at least show, some mining is being done. So they cannot compete with a ponzi return. But while new people invest in PBmining, the ponzi will pay back handsomely, because they paying others, with what is coming in. Shocked

Cex.io has a high price and high maintenance fee, but the good thing is they can show us they are actually mining bitcoin.

For the others, it is not quite the same.
Lunamine ran away last week, TimeToBit turned scam a few days ago. Who knows what the next one is?

mezmerizer9

hero member

Activity: 782

Merit: 1000

Quote from: Kprawn on August 21, 2014, 01:47:08 PM

Well the maintenance fees are damned high. I have some GHS and the BTC i get, are absorbed by the fees.

PBmining is a option, but it seems to be a ponzi scheme, and might be gone in a day.

CEX.IO can at least show, some mining is being done. So they cannot compete with a ponzi return. But while new people invest in PBmining, the ponzi will pay back handsomely, because they paying others, with what is coming in. Shocked

I've heard from a lot of people that PBmining is better but that 5 year contract, just doesn't get me.

Kprawn

legendary

Activity: 1904

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Well the maintenance fees are damned high. I have some GHS and the BTC i get, are absorbed by the fees.

PBmining is a option, but it seems to be a ponzi scheme, and might be gone in a day.

CEX.IO can at least show, some mining is being done. So they cannot compete with a ponzi return. But while new people invest in PBmining, the ponzi will pay back handsomely, because they paying others, with what is coming in. Shocked

nelruk

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Bitcoin is revolution

Quote from: gelar24 on August 18, 2014, 05:04:52 AM

highly recommended if you guys if I have 1BTCcapital and GHS in cex.io I buy?

month whether I will gain? at least get 0.1BTC more?
or are there any other suggestions? but do pbmining I do not like the contract, as if in cex.io if I need to sell GHS back

May I suggest to get out of there with all your BTC? You know, I was a miner there, cloud-mining was an effective solution for those who don't have energy, power or the tools to make the mining but I lost almost 1.3 BTC becuase I didn't realize that every day I was losing 0.4% of my money. How? Because everyday the hashrate difficulty increase and if you want an example look your ROI in 7 months. You won't mine NOTHING and that is because the need to everyday increase your power at 1% if you want profits.

If you want my opinion, invest in somthing else but CEX.IO and its actual business standar will make you lose.

apsvinet

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Quote from: gelar24 on August 20, 2014, 01:13:02 PM

Quote from: marcotheminer on August 20, 2014, 12:18:16 PM

Mining on cex.io is a gamble. It could crash and you will never get roi or you could mine alot of resell for a big profit. You choose!

what is roi? sorry I am still a newbie

yes I was going to try the first month if its profit at 0.1 would I stop and sell GHS back. because in the next month will definitely lose: D
hit-and-run system that might be good haha

RoI is return on investment, the amount of bitcoins you will get in return for your initial purchase.

A high RoI is good, a low one is bad.

gelar24

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Quote from: micky123 on August 19, 2014, 11:36:26 PM

Quote from: Mobius7 on August 19, 2014, 01:52:48 PM

Quote from: gelar24 on August 19, 2014, 11:03:59 AM

Quote from: 5 Guys Burgers on August 18, 2014, 08:50:03 AM

Quote from: gelar24 on August 18, 2014, 05:04:52 AM

highly recommended if you guys if I have 1BTCcapital and GHS in cex.io I buy?

month whether I will gain? at least get 0.1BTC more?
or are there any other suggestions? but do pbmining I do not like the contract, as if in cex.io if I need to sell GHS back

cex.io will lose you a lot of money, prices go down almost every few days and you will lose it all! don't do it! i had a few btc on there and it went down one day by 60% because they added futures! cex.io = not trusted and liars.

what reality really so? I heard from other people's opinions no good.
but cex.io is good in terms of security is very safe

thanks for the advice I will accommodate, perhaps jiga many do not suggest I would invest into another

You can set 2FA on cex.io, and so your bitcoin there should be pretty safe from hacker.
But, the hashrate price will keep dropping and so you will lose bitcoin.

2FA is now available for most cloud-mining platforms and is no longer a good-to-have. It is now essential for crypto companies to have 2FA for their customers. A case in point was the STR scam that was perpetrated recently which has literally brought STR to its knees. I lost 10K STR myself to a hacker (still think it was an insider job!). I trust CEX.io and have my DRK safely locked away in my CEX.io wallet as i am very paranoid about local wallets. On the positive side, you get to merge-mine other coins which can be exchanged for BTC on CEX itself (especially since they now have many trading platforms), on the negative side as mentioned above, you will lose money on GHS as difficulty rises. Whatever you decide to do, best of luck!

That's right my friends also experienced the same thing as you lose a lot of STR, probably because the system is weak because so many users are making id str so in stead right by irresponsible elements (hackers).

but fortunately I've never been exposed to hackers, because I used to live in justcoin and directly send to the exchange to btc

ranochigo

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Crypto Swap Exchange

Quote from: micky123 on August 19, 2014, 11:36:26 PM

Quote from: Mobius7 on August 19, 2014, 01:52:48 PM

Quote from: gelar24 on August 19, 2014, 11:03:59 AM

Quote from: 5 Guys Burgers on August 18, 2014, 08:50:03 AM

Quote from: gelar24 on August 18, 2014, 05:04:52 AM

highly recommended if you guys if I have 1BTCcapital and GHS in cex.io I buy?

month whether I will gain? at least get 0.1BTC more?
or are there any other suggestions? but do pbmining I do not like the contract, as if in cex.io if I need to sell GHS back

cex.io will lose you a lot of money, prices go down almost every few days and you will lose it all! don't do it! i had a few btc on there and it went down one day by 60% because they added futures! cex.io = not trusted and liars.

what reality really so? I heard from other people's opinions no good.
but cex.io is good in terms of security is very safe

thanks for the advice I will accommodate, perhaps jiga many do not suggest I would invest into another

You can set 2FA on cex.io, and so your bitcoin there should be pretty safe from hacker.
But, the hashrate price will keep dropping and so you will lose bitcoin.

2FA is now available for most cloud-mining platforms and is no longer a good-to-have. It is now essential for crypto companies to have 2FA for their customers. A case in point was the STR scam that was perpetrated recently which has literally brought STR to its knees. I lost 10K STR myself to a hacker (still think it was an insider job!). I trust CEX.io and have my DRK safely locked away in my CEX.io wallet as i am very paranoid about local wallets. On the positive side, you get to merge-mine other coins which can be exchanged for BTC on CEX itself (especially since they now have many trading platforms), on the negative side as mentioned above, you will lose money on GHS as difficulty rises. Whatever you decide to do, best of luck!

There is still risk of it getting hacked by hackers. Even though they may be trusted, if they ever gets hacked or goes down, you would not be able to get your money back. Localwallet is much safer since you have full control of your private key and if you take safety precautions, you should be able to secure it better than Cex.io does.

Salmon1989

hero member

Activity: 603

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Quote from: gelar24 on August 20, 2014, 01:13:02 PM

Quote from: marcotheminer on August 20, 2014, 12:18:16 PM

Mining on cex.io is a gamble. It could crash and you will never get roi or you could mine alot of resell for a big profit. You choose!

what is roi? sorry I am still a newbie

yes I was going to try the first month if its profit at 0.1 would I stop and sell GHS back. because in the next month will definitely lose: D
hit-and-run system that might be good haha

ROI stands for "Return on investment" http://en.wikipedia.org/wiki/Return_on_investment

In simple words, marcotheminer's post means you can win or you can lose on cex.io.

TheDragonSlayer

sr. member

Activity: 273

Merit: 250

Quote from: gelar24 on August 20, 2014, 01:16:02 PM

Quote from: Sam.Walton on August 20, 2014, 12:54:13 PM

It doesn't worth it to mine, and cex.io price is way too high.

yes pbmining still cheap compared to there
but of different features. and I do not like playing in pbmining because the contract system, and I do not know what will happen in the future

I wouldn't go for pbmining even if it is cheaper, it just feel safer to buy on cex.io. But both are not profitable anyway so buy BTC is still better..

Topic: suggestions mining in cex.io (Read 2979 times)