Any of you crypto kids using Bit-x exchange for trading or mining?
I am not using it because it is not available in our place but I heard so many good things about it.
Topic: Who's using Bit-x exchange? - page 2. (Read 2377 times)
I am not using it because it is not available in our place but I heard so many good things about it.
Any of you crypto kids using Bit-x exchange for trading or mining?
Yes I have, I love it I would continue to use it is very convenient to use.
Any of you crypto kids using Bit-x exchange for trading or mining?
Haven't yet but I have heard great things about this and I want to try it soon.
Any of you crypto kids using Bit-x exchange for trading or mining?
Yes I have its great and very convenient to use.
Any of you crypto kids using Bit-x exchange for trading or mining?
Im not using it but I heard so many good things about it.
Any of you crypto kids using Bit-x exchange for trading or mining?
Doing both its pretty amazing actually better try it yourselves.
Any of you crypto kids using Bit-x exchange for trading or mining?
I am using it now pretty amazing actually better try it.
Any of you crypto kids using Bit-x exchange for trading or mining?
Looking forward to use it in the future.
I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
Good for them. Give lots of bitcoin in publicity and have those data?
On the other hand it is the only way to have customers. Do publicity to have the break even after three years. Now, with the above data, I found another reason why the Big Manager of the signature campaign of this business, called my posts "rubbish". In my posts I suggested to the people to not mine at all because is not profitable. Without seeing in my signature that Bit-x is not only an exchange but even a mining service.
But at least the Big Manager might have shown those to the public telling that these are the rubbish posts to this horror English person. We give money to this person and he tell to the potential customers to not mine at all.
Anyhow, for sure I will do the same, if I will have knowledge before about the earnings which a customer can have from their mining. For sure they benefit from the difficulty which have a normal person to do the above calculations. So benefit from their incapacity to learn before the beginning the mining process of the impossibility (practically) to earn. When the customer will know the truth it will be very late. Already paid the money. And they had the profit.
I understand you pissed and bored with the other signature campaing ,but well would be good for you and your posts forget it.Bit-x is another project with a good support by their members,and well all knows cloud nowadays arent profitable to members,if value returns to 400 or 500 dollars i guess it will return the interest .
here can earn not only for mining , but also for trading GHS again BTC- rate
volatility and volume not large, so sometime possible to buy very cheap
volatility and volume not large, so sometime possible to buy very cheap
i used it before though i dont use it anymore now
Haven't actually tried any of their services apart from receiving my pay from their signature campaign, and I think I don't want to get myself involved in their cloud mining platform given that the amount of bitcoins it can generate is waaaay less than what I can actually earn if I have the equipment in my home (electricity is around $0.05 - $0.10 kW/h here). They are pretty legit, yes, but in all honesty, I don't think I can make a good amount of bitcoins from their cloud mining platform. In the exchange? I use finex for that.
Any of you crypto kids using Bit-x exchange for trading or mining?
If I am holding on to bitcoin, I would probably use bit x exchange for trading. But I have doubts on this for mining.
I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
Good for them. Give lots of bitcoin in publicity and have those data?
On the other hand it is the only way to have customers. Do publicity to have the break even after three years. Now, with the above data, I found another reason why the Big Manager of the signature campaign of this business, called my posts "rubbish". In my posts I suggested to the people to not mine at all because is not profitable. Without seeing in my signature that Bit-x is not only an exchange but even a mining service.
But at least the Big Manager might have shown those to the public telling that these are the rubbish posts to this horror English person. We give money to this person and he tell to the potential customers to not mine at all.
Anyhow, for sure I will do the same, if I will have knowledge before about the earnings which a customer can have from their mining. For sure they benefit from the difficulty which have a normal person to do the above calculations. So benefit from their incapacity to learn before the beginning of the mining process and of the impossibility (practically) to earn. When the customer will know the truth it will be very late. Already paid the money. And Bit-x had the wanted profit.
I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
That is the main reason cloud mining went from good investment in the past to redundant service nowadays.The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
After calculations there is no reason to invest in that anymore. Or maybe Bit-x has too high fees...
The numbers should change when bitcoin price starts rising again. Maintenance fees are now just a too large part of the bitcoins earned.
IF bitcoin would double, maintenance fees should not rise too much, potentially increasing your satoshi earned by about 6 times, making the break even point only 0.5 year.
Not likely, when bitcoin value increases a lot of hash power enters the network, difficult increases immensely and you'll earn even less from mining.
So, the best and easiest investment still be buying directly bitcoins. Both things depends on the price increase-decrease, but there are just too many factors in mining profitability.
Buy-n-hold: my simple and stupid (but good) strategy.
I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
That is the main reason cloud mining went from good investment in the past to redundant service nowadays.The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
After calculations there is no reason to invest in that anymore. Or maybe Bit-x has too high fees...
The numbers should change when bitcoin price starts rising again. Maintenance fees are now just a too large part of the bitcoins earned.
IF bitcoin would double, maintenance fees should not rise too much, potentially increasing your satoshi earned by about 6 times, making the break even point only 0.5 year.
Not likely, when bitcoin value increases a lot of hash power enters the network, difficult increases immensely and you'll earn even less from mining.
Great exchange for trading but not for mining.
i used it a few months ago for trading bitcoins i dont think that cloud mining is profitable there so i did not even try it yet
Its impossible to say cloud mining inst profitable to the owners,but why they keep offering the service saying hey invest 10btc and get montly 2 btc you will roi in a year,why they dont show the real stats?The money is already invested by the most and first users of them,why the new members must feel what we already know roi at the moment is one thing far away,if bitcoin reach 600 dollars those satoshis by 1ghs will turn into profit very easy.
I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
So is that due to any influence by Bit-x? Probably not...so the rate at which mining takes place is ridiculous, yes? Tell us something we don't know! Thanks for the math though...
Jump to: