Trading fee for cex.io exchange no more 0% market?

Shogen

legendary

Activity: 966

Merit: 1001

Quote from: TechByPC on April 18, 2014, 03:53:09 PM

It's a very smart move by them. They've already proven that their customers can't do basic math. If you have customers like that, why not take advantage of it?

Anyone buying GHS today at these prices is completely mathematically challenged. On the 25th those FHA contracts will mature, and there is no way 1GHS of hashing will produce the difference in cost between today and then.

0.0094 current GHS price (and rising for some idiotic reason)
0.0083 current FHA price (matures on 25 APR)
------
0.0011 BTC you would need to mine in 1 week to make a 1 GHS buy today more profitable than buying FHA

0.0005044 Calculated BTC you'll mine in a week with 1 GHS (excluding their maintenance fee)

So yeah, they know their customers very well and this will not hurt them.

Very true lol.
When FHA and FHM are at 0.0083 and 0.0041, it is really crazy why people go buy immediate hashrate at 0.0094.

TechByPC

full member

Activity: 168

Merit: 100

It's a very smart move by them. They've already proven that their customers can't do basic math. If you have customers like that, why not take advantage of it?

Anyone buying GHS today at these prices is completely mathematically challenged. On the 25th those FHA contracts will mature, and there is no way 1GHS of hashing will produce the difference in cost between today and then.

0.0094 current GHS price (and rising for some idiotic reason)
0.0083 current FHA price (matures on 25 APR)
------
0.0011 BTC you would need to mine in 1 week to make a 1 GHS buy today more profitable than buying FHA

0.0005044 Calculated BTC you'll mine in a week with 1 GHS (excluding their maintenance fee)

So yeah, they know their customers very well and this will not hurt them.

BonjoV

newbie

Activity: 10

Merit: 0

Quote from: gallifrey on April 05, 2014, 03:12:18 AM

Just seen the news about them adding a trading fee on the exchange good thing I bought in on my GHS earlier yesterday. I dont see it affecting me to much though as I plan on using it to mine rather then becoming a daytrader. Will this decrease the current prices of GHS did I buy in at a wrong time? What about the bots who seem to continuously undercut the markets or those whales who own 1000's of GHS. I read up about it on the blog here. Just trying to see what everyone else thinks on this as I only recently signed up.

i don't think it's winning move by cexdotio

jamesc760

sr. member

Activity: 448

Merit: 250

By buying GHs, he's already sunk his btc into mining. From now on, it's all profit. Just don't expect to get the btc back.

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

If you only use cex.io for mining but not for trading, you are very very unlikely to get your investment back due to the increasing difficulty.
You may take a look at the profit calculator. http://cex.io/calc

gallifrey

newbie

Activity: 7

Merit: 0

Just seen the news about them adding a trading fee on the exchange good thing I bought in on my GHS earlier yesterday. I dont see it affecting me to much though as I plan on using it to mine rather then becoming a daytrader. Will this decrease the current prices of GHS did I buy in at a wrong time? What about the bots who seem to continuously undercut the markets or those whales who own 1000's of GHS. I read up about it on the blog here. Just trying to see what everyone else thinks on this as I only recently signed up.

Topic: Trading fee for cex.io exchange no more 0% market? (Read 901 times)