Who's using Bit-x exchange? - page 3.

odolvlobo

legendary

Activity: 4298

Merit: 3209

Quote from: knowhow on October 14, 2015, 05:48:30 PM

With the current value of bitcoin im pretty sure no cloud companies can offer a good roi option to their costumers,if bitcoi value goes up well we will see the trusted cloud get more attention and more investments as well.

It's not that simple. If the value rises, then there will be more miners and the revenue will drop back down to the maintenance cost.

knowhow

hero member

Activity: 560

Merit: 500

With the current value of bitcoin im pretty sure no cloud companies can offer a good roi option to their costumers,if bitcoi value goes up well we will see the trusted cloud get more attention and more investments as well.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: odolvlobo on October 13, 2015, 08:18:52 PM

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.

a simple math tells me that they electricity is not that good, because almost 700 satoshi wasted per giga, on maintanance would mean $1.7 for 1 tera

1 tera in the form of an s5 is 500w, which is $1.2 a day in term of consumption at $0.1 kw/h, and stil 0.5 are left from 1.7, so their electricity is 0.15 or around that...

TastyChillySauce00

legendary

Activity: 2982

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: odolvlobo on October 13, 2015, 08:18:52 PM

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.

i can't say its expensive, because mining is not profitable nowaday (give profit but too low), and they need money to keep their mining rig healthy

Djisamsoe

full member

Activity: 140

Merit: 100

is bit-x good exchange?how profitable is it?

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: Snorek on October 14, 2015, 01:06:40 AM

Quote from: odolvlobo on October 13, 2015, 08:18:52 PM

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.
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.

syndria

hero member

Activity: 980

Merit: 500

I do use the bit-x mining, and think they have good security for their costumers

Snorek

legendary

Activity: 1400

Merit: 1001

Quote from: odolvlobo on October 13, 2015, 08:18:52 PM

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.
After calculations there is no reason to invest in that anymore. Or maybe Bit-x has too high fees...

BlackPanda

legendary

Activity: 1414

Merit: 1001

one of the best and safest mining server. also trusted.

Pantheon

full member

Activity: 140

Merit: 100

Quote from: odolvlobo on October 13, 2015, 08:18:52 PM

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 people using Bit-x exchange are the ones who are holding on to bitcoins. These people use Bit-x exchange because they are global and therefore convenient.

odolvlobo

legendary

Activity: 4298

Merit: 3209

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.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Any of you crypto kids using Bit-x exchange for trading or mining?

Topic: Who's using Bit-x exchange? - page 3. (Read 2375 times)