I started out at CEX buy purchasing 10 gh/s. I have since purchased another 20 gh/s.
By trading I have just this week made it to 100 gh/s. Not bad for the cost of the initial 30 gh/s investment. I don't know how to trade very well but I keep at it.
For actual investment I am using http://scrypt.cc?ref=baab5. Scrypt.cc has a ROI of about 160 days or less, the community is nice and the cost of kh/s is very cheap right now. I have just over 650 kh/s that make about .0064 BTC per day. Not a bad deal.
Cloud mining is something that makes sense for some and not others. I do have a small mining setup at home as well.
I guess it is what you make of it.
Topic: Why do people still buy GHs at CEX? - page 2. (Read 2462 times)
If the price of a GH is set by the market in Bitcoin terms.... then it bears to keep in mind: the markets are not always rational, and the market for CEX GH can remain irrational for substantially long periods of time.
Not all offers are good ones.
It appears buyers significantly overpay. Ashame they don't offer a way to sell GHs short --- receive the cash for selling a GH, in exchange for paying the buyer the BTC that a GH would have paid them...
Not all offers are good ones.
It appears buyers significantly overpay. Ashame they don't offer a way to sell GHs short --- receive the cash for selling a GH, in exchange for paying the buyer the BTC that a GH would have paid them...
I don't get it either.
Might be mining share operators who prefer guaranteed income for their shareholders? Just a thought...
Might be mining share operators who prefer guaranteed income for their shareholders? Just a thought...
bitcoin will be free in a year anyway. i'm buying all pennies for 1 satoshicoin
^ What he said. Many people make Far more money trading GHs there than actually holding the GHs and receiving the dividends from mining. I personally do both, and have also made more from trading than holding. But their markets have very high volume it seems 24/7, your assets there are Very liquid at any given time (= being able to liquidate -sell- your assets and make the profit/cash out anytime needed). I personally enjoy being a member of that, the mining dividends I receive from just ~21 GHs right now is way more than I could make from faucets, and I fully enjoy the trading. Patience is key there. If you are looking for a cloud mining company that has more guaranteed returns and less chance, try bit-mining.co . 0% variance means you get your correct amount on the hour every hour. I hope this helped somebody, and if you want to sign up for CEX or bit-mining, feel free to PM me and grab my ref. link. 
Because you can sell them again.
Like with everything, you can make a profit on it or make a loss on it.
Like with everything, you can make a profit on it or make a loss on it.
Just buy contracts for a shorter amount of time and for a better price from http://www.altcc.com
Even CEX's OWN WEBSITE tells you that you'll lose money by buying their product
https://cex.io/calc
Punch in the #s representing the current market stats
100 GH
16% maintenance fee
0% pool fee
Current difficulty: 5006
Difficulty increase: 50
Conversion rate: 460
Conversion rate increase/decrease: 0
So for 100 GH at their current prices, you'd pay 1.1 BTC
Their calculators show that you'll get a .62 BTC return before maintenance fees > return, at which point your GH are worthless.
Even the default values that are in the page when you go to it show a net loss if you buy their GH, so it's not like people are getting deceived by false marketing.
https://cex.io/calc
Punch in the #s representing the current market stats
100 GH
16% maintenance fee
0% pool fee
Current difficulty: 5006
Difficulty increase: 50
Conversion rate: 460
Conversion rate increase/decrease: 0
So for 100 GH at their current prices, you'd pay 1.1 BTC
Their calculators show that you'll get a .62 BTC return before maintenance fees > return, at which point your GH are worthless.
Even the default values that are in the page when you go to it show a net loss if you buy their GH, so it's not like people are getting deceived by false marketing.
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