Bitcoin Forum

Here seems you can buy hashpacks.
any feedback? I see a post in russian, but I can't read..will try translator

I'm using it.... works as advertised except Gox fucked up a trx and I'm waiting for btc to come through to buy more hash power.  Considering that its cheaper than buying block erupters but u get 3x the hash power its by far a better deal than  bit fury and any basicminer products like the blade or block erupter.  If you have coin you could buy hash power for a few weeks then sell it back...it makes a method for you to earn interest on btc...but I say keep an eye on it I could see great losses if I try to sell it for too low.

just bought 2GH to test
they activated worker in less than 5 mins
right now the best and only hashpack service (-3 days for Cloudhash, mostly scam for Hashrack)

yes, working great!

bought for testing 2 GH, worker activated after 30 sec, already hashing.

Have any of you actully tried to make a withdrawl succesfuly? I have put some money in and I have no gotten my free 1ghs nor have I been able to withdraw any of my deposit

0.5 btc withdrawal succes

looks really interesting - i will be testing with 3-4 GH/s i think

I have 12 ghs/s at cex.io.

They are delivered within 30 sec

Can we have transaction proof please, also when you withdrew .5btc how much was in your balance?

http://s018.radikal.ru/i521/1309/35/4664d1e32849.png

Address to withdrawal: https://blockchain.info/address/1KAke7ms6gdfi17x8UbMURrJm6EWK1dSwR

Balance in moment of withdrawal - secret  :)

just withdrew 0.065 BTC without a hitch. 8GH mining there now, and i just pointed my 38.5GH/s bitfury system at my new ghash.io account. - all looks good, seems to have picked it up pretty quick, but failed to properly set a difficulty (it mustve used 4 or 32, because i was getting 70% hashrate until i manually set it at 16)

well then I guess its just me they are screwing lol. I have sent them 3 emails now and I cant withdraw and did not get my free 1ghs

i havent gotten a free GH/s yet, but when you withdraw, they send you a confirmation email. check your junk bin

edit: got my bitfury pointed at ghash.io now, and it is working amazingly

I deposited .046ish and managed to withdraw .035 finnaly I just have yet to receive my free ghs

So how does it work?

I'm assuming I just deposit BTC and buy hashing power then wait for it to automatically start mining? Do I need to set anything up in ghash.io? Sorry for the noob questions

Nevermind - figured it out

Giving it a try for science  ;)

have .5GH/s there but since it's been less than a day have not tried to cash out.

So what is this thing about ...i send btc and their is nothing to sell or buy ...

Can somebody explain to me what the fruit cake u are supposed to do ???

Wait few minutes....

I bought 33 Gh/s there , received a free Ghs during the night.

Made 0.07 BTC in 14h

Working well for me so far! Kinda wish I knew about it before dropping BTC on some other orders

Just to confirm this is a bitfury production & we are buying bitfury inhouse mining rigs ??

my Gox Deposit cleared on there and Im now up to 6 GH/S yes I wish that I bought in earlier.  Also, does the BF chips give you 2.5 GHs guarenteed hashpower each or something?  Does it give you the option to buy up a bunch of chips should you choose to be "cashed out later" ? 

I didnt receive anything.

how do you get a free GH?

Deposit over 1BTC and send a message on the support page.

got it. thanks.

:)

No problems - I too sometimes gloss over things in frustration

This does look promising.  Its more than I could get with Blades with amount I have for investing in hardware.

Everything seems to be working very well, deposit was quick. Seems the "bonus" is applied manually, so that's the only slowness/issue I've had. Cool setup, though.

why would u buy 1 GH for 0.22 BTC there ? its very expensive

compared to what? assume total cost less than 5BTC

i dont think i get this right, if u  buy 1 GH, for how long u have it ?

Bitfury h boards cost .156 btc/gh
asicminer blades cost .4 btc/gh

asicminer blades cost .31 btc/gh (through Canary)
dms.mining costs around .26 btc/gh

ok first one I can buy one for ~$500 but needs master board, power, cooling and a pc/pi etc.  buy on CEX.IO on a smart phone

the others are more expensive

I quite like the site now. Essentially putting some BTC savings to work, while trading hash power.

It's a really cool site and I like the ghash.io pool.  Remember its a game of hot potato, as the value of GH will drop to .16 around the next difficulty adjustment.  Buy and hold also works, just be careful to calculate your exit point. 

Is there an official thread for this website?
Did it just launch?

I found out about it roughly 4 days ago invested 1 btc to get the 1gh free, they haven't made any announcement on bitcointalk yet since they are still working kinks out.

Is anyone from the official team involved here, present on this thread? Or is there another?

I also like CEX.IO, and 0.25 is still cheap for instant GHS, I think it can even go higher on BTC price rise.

I bought a small amount of GH/S, and it started mining a hour after. It mined for 1 round (16 minutes) but after that, it stopped mining. 3 rounds have passed with no hash rate showing even though I never sold my GH/S. Is this just a temporary problem?

Not sure it works exactly like that. I just tried selling my GHS because they were selling for more than what I originally paid. It looks like there is a delay to prevent people from pumping and dumping. Its not instant like when purchasing them. The system seems to just not take back the GHS like you would assume. Maybe an order must be placed at the current price then your sell order gets bundled in.

Yeah I tried to sell mine when it was at 0.245 per GH (bought for 0.2) - someone bought 0.06 GH worth lol

The nice thing is you can leave it for sale at a set price and it will still mine for you in the pool. I guess you have to wait until someone comes and buys GHS at or above your sale price. It would be a nice option if you could set it up where you sell your own GHS as an option price. Then there would be a list of options you could choose from outside of the base market price.

this would be just like dms.mining, the shareprice/gh will eventually goes down, but then again this is very interesting knowing you know how much per gh your purchase with your btc

sad that i didnt have enough btc when the price was 0.2 per gh lol

10% return from 24 hours of occasionally checking the price while mining. Feels good!

it does work...put the price in and the box will become green...then place the order

Interface is lacking an ability to buy/sell an existing order with couple clicks, one to choose an order from list and auto-fill the form with price and amount and the second to do the trade.

why would you want to do that? Isn't it easier to put in the amount you want to buy and the price you want to pay and let the system do the rest?

GHS Value is rising accordingly, you can sell later..I could sell now (but I'm not crazy) and have +1BTC of interest

it's too small  :D
Also price 0.25 good because you can sell your power at any moment.

Im confused, whats the point of pointing my miners to ghash.io ?? can I sell my hashrate on cex.io or something?

AFAIK its 0% fees :D

For now!

It's not a delay, there has to be a buy order and enough volume for you to sell your shares.  And I guarantee they will drop in value considerably around the time of the next difficulty adjustment. The site admin has the resources to pump the price, and has made trades that do exactly that (which made me a tidy profit).

Could you explain this in more detail?  On the surface this seems very unethical.

Hope they do it again!

He has 200TH of which around 3TH he has put up on market, at any point he can dump GHS.  He's also mining with 200TH...so he has the BTC to buy the price up.  

Source?

Common sense you dimwit

*smirk* +1

Yes, he is able to sell at a price that doesn't ROI and buy back at a price that does ROI.
A few lucky ones may make a few millibitcoins trading between that margins.
Many will learn that buying something that loses at least half its worth every month is kind of risky.

I really like the idea and and price of the price per GH but I am worry this is another scam site. Anybody did a background check on this company?

0.25 BTC/GHS is still cheap, I have over 50 GHS and I am planning to buy more

Haha I like it, I have a portion of funds that I keep soley on mining with a sell order above average (yet within the bounds of historical pricing). The rest I trade as much as I can. Simple and fun. I really wouldn't mind talking to the owner just to shoot the breeze.

There's no indication of it being a scam. It's run by the owner of ghash.io, which I think is also the manufacturer of the bitfury asic.

i also brought 10G yesterday, how to receive the free ghs?

so if I get this right you're actually buying something that offers a built-in loss over time? you're basically throwing coins away, right?

It is no longer being offered: https://cexio.zendesk.com/entries/26926563-1-GHash-for-FREE-for-new-Traders-FINISHED-


How is that different from buying mining hardware.  Look at NastyFans share prices, they have tanked recently.  Also not to sound like pirate days of yore, but if you can't figure out how to make money with it then it probably isn't for you.

interesting to say the least

Been watching and there is no movement that is not AUTO corrected instantly.....As if there was some god like presence manipulating the situation

........hmmmm... lets see what happens at the diff change

..lolz I know its all bad but we can all dream the dream :D

very hot

with diff increase, it should reach at least 0.3 then fall a bit
But it's still risky ;)

Price is fall to 0.214

i expected worse. difficulty increase wasnt that bad. still an awesome rate of return in this price range. the price drop feels about right, it'll stabilize a bit over time

Not really the REAL price should be ~-28% based on the diff change of the 0.24 price ..this is NOT .214

Its a totally rigged game...so go ahead and INVEST in bitfury extending the value of there equipment

pray tell, what method do you use to value a gh/s? Perhaps my valuation is flawed. I currently use competitor pricing and rate of return to determine the feasibility of purchase. With over 1% daily returns, please inform me if there is a better mining option available for purchase, share the info man!

I live in corporate housing with absolutely uncapped free electricity, take that into consideration if that changes your suggestion. Wish mining equipment was at a reasonable price point!

edit/disclaimer: since im "invested", i guess I should disclose i own "shares" of BitFury Hashing Capacity on CEX.io

Ok lets see if u can see past your rose colored glasses

price was ~.24  diff increase was ~ 28% ... 0.24 - 28% = ~.17

So if we get 1% returns for 8 days = ~ 9-10%

All of this does not add up to the price drop of only 9%  ...So .21 + ~9-10% returns = 0.19 if we where being generous   ... I am commenting on the supposed VALUE from 0.24 to 0.21

When bitfury holds the lions share of the hash or the bank they can and are manipulating the price at will ... dont fool yourself that their is some free market in operation here

Good luck to them...and no ones forcing u to buy ..blah blah blah ... but dont get caught up in trying to find the pea in this shell game  :D

Perhaps some people here do wear a rose coloured glass, but yours is perhaps pitch black...

Just some numbers.

Currently an inhand BFL Singles sell for around BTC10-12

Let's assume you buy expensive @ BTC12 for 60gh/s
This is BTC0.20 p/ghs

Though a Single uses 360watt power which computes to 8.64kWh a day.
Let's say I run this Single for 3 months, total electricity used will be: 8.64*90=777.6 kWh

777.6 x $0.25 = $194,40 which is ~BTC1.58

So mining hardware + electricity for 3 months is BTC12 + BTC1.58 = BTC13.58

BTC13.58 / 60 = BTC0.226

Which isn't far away from current prices on the cex.io exchange

Just to comment on the price, I'm not talking about making ROI, that's a complete other discussion.


PS: yes electricity in The Netherlands is damn expensive.

Also there is value to *now* which is hard to quantify and put a figure to! but it is there. 

Also the free market does not always operate in the most efficient manner. 

appreciate the alternate outlook Yip, I had seriously wanted to consider your rubric for price evaluation, I'm always open to information/strategy that give me an edge over others.

This is a zero sum game, and I desire top placement. I don't expect to win, but I WILL prevail. Might be magical thinking. But the empire I am building for those beyond me will come to pass :)

so basically, olive branch bro, I hear a little go go gadget in your tone and just wanted to let you know my inquiry came from a thirst for information and not trollspace. Love you even though I never met you! Fuck it, love all you guys! I know some of you are asshats, but damn it, aren't we all at times?

Now let's get rich in this motherfucker!
(and in the meanwhile not fall prey to the lure of mammon)


-Green

disclaimer: Indicas improve my disposition immensely 

I've bought 0.5GHs just to try this and the site/service is super cool. Right way to compare prices with bunch of hardware options, if it is more expensive than CEX.IO per GHs = no motivation to buy.

One thing puzzles me: Is there any time-frame in which they guarantee the service to us? What will happen when this hardware becomes to expensive to operate with next generations of miners?

Plain and simple ... ASICS are totally over priced ...if there is NO ROI dont touch it

12btc for 60Gig ... Nigga please ... Avalon could not get anyone to but 1 60gig unit for 9btc let alone 12btc !!  They have dropped the price to btc 6.3 and so far I dont think they are russhing out the door !

Look explain it to me like i am 5 ... If it is supposed to be an exchange then when a diff change comes and therefore decreases the value of the product by 28% then the product is now worth ~ 20-25+% less (add your returns for mining)

Thats it... Is there some other way to look at it other than this ???

Yep. Coming difficulty increases (and yield drops) are already included in the price. It's not like all the participants of cex.io market can't plan further than today's evening... although an average bitcoin investor is rather short-sighted, but it comes with the fast pace and unpredictability of this whole bitcoin enterprise.

Lets get that sell price above 0.23!  :P

Very impressed with the service. It does, however, seem like someone has the market cornered and is using that power to their advantage. Tread carefully and be sure to have an exit price plotted. Also, keep your eyes on the diff increase.

TL/DR: Be smart. Carelessness leads to coinlessness.

Disclosure: I have shares at cex.io

The price graph only shows up to 3 days of history. Monthly & weekly views would be much appreciated.

agreed, Ive been having to snapshot the graph in order to keep historical data.


gh/s are cheap is sin at the moment. about to reenter my position. you pretty much have to wait for the market manipulator to drop the price (hes been at work recently). otherwise you might get stuck holding a very expensive bag. at the current market price a ghs yield a 1.4% daily interest rate (.198 per Gh/s). Purchase feasibility holds til .265, which would yield a solid 1% daily interest rate. And if you get caught holding the bag, the percent gain acts as a hedge against losing the principle. It's an interesting concept to say the least. Russian Roulette with training wheels :)

 

seems the chart view has been expanded to 3 months. someone is monitoring this thread :) excellent attention to detail, guys. so far, no complaints as far as customer support and this service. Highly recommended.

you even did right by me for my free gh/s. promised i'd mention it.

Will CEX.io provision percentages of GHS, or does it have to be whole numbers?  Can I play with 0.125 GHS, just to poke on it?

I was impatient.  They do provision percentages of GHS, neat!  I'll play with this over the weekend and see how it works.

sorry, was breaking my fast, but as you see, even fractional pieces of ghs.


 ;D

this seems like a clever way to issue a security-like , mining related offering that offers "dividends". without stepping on any regulatory toes, that is. 

im optimistic, because when this becomes trusted and everyone recovers from the recent exchange shenanigans (lot of value lost), people will realize what this really is (a legitimate, working cloudhashing service with instant payouts/an extremely high risk, high return investment/really fucking cheap mining) and drive the ghs price higher. until then, i get an awesome rate of return. you'd be a fool not to utilize stop loss however. 10% market movement today.

as i type this, the site has a new feature: instant notification of payout when the block solves. you used to have to keep a ghash.io open as well as a cex.io window open to monitor this info. Appreciate you :)

and because obviously this can generate interest and thereby influence the market;

disclosure: i own 71.46433540 ghs with this service , and if the price dips lower, i intend to own more.

Full disclosure ..I own 0 and if the price dips further I intend to own 500% more on my current amount

well dammit, thats no fun,Yip :)

so true
we need to plan a security exit, it's easy to invest 10-20 BTC on this and mine cheerfully, but price is going to fall every day a bit more.
The guy who suggested Cex.Io warned me about this. Said to be ready to sell back.

mayhap we should make a wall watching thread? ive had my eye on that 17.6 @ 0.19621 since lunchtime. watching the panic sellers/ microholders sell off
but indeed, def dont buy on an uptrend
and dont be greedy. plan an appropriate exit. you can buy back in later

Forgive me but, when will the difficulty rise? Is there a stabilished date for that?

Didn't even notice there was a referral system, but what the hell:

This is my referral link:
https://cex.io/r/1/Zeek/0/

http://bitcoincharts.com/markets/

near the top

Thank you, green bits =)

Please add a feature to download CSV history of transactions. Or at least add another view that doesn't include any canceled orders, only actual trades. It's quite hard to keep track of my performance now, I have to keep a manual log of my trades to stay on track.

504 Gateway Time-out
cloudflare-nginx

s**t! I was to sell

cex.ioseems to be on and off. ghash.io is mainly off for me.

That was scary! I set a buy order for 41 GH/s @ 0.158 and immediately someone cleared the whole buy side. Day's range: 0.0100 - 0.1849. After that the price rebounded really quickly to 0.17 with large buy orders.

Low: 0.01, Volume: 2266 GHs in 10 minutes.

Somebody is trying to dump the price, look at this:

No wonder price raised so quickly, probably trying to mess the exchange an buy in volumes. Somebody is doing his prep-work before pumping the money into the exchange. Be careful, don't sell to him cheap.

Did someone typed in too much zeros or something? Terahash dumped for 0.01, then terahash bought for 0.17, now there's another terahash for sale at 0.15. Some crazy shit's going on, I've cut my losses and gonna wait for the market to come to its senses... or some (bad) news arrive to explain this.

I really hope it comes back otherwise I just lost a lot of bitcoin  :-[   things that I miss when I am sleeping

This market is going crazy. I had 1 btc on 0.01 for 100gh and when it crashed I received 100gh!

?!

the market is being crashed, ppl, i pray for your sake your position was closed.


selling pressure is fucking bananas. stop panicking ppl, you know your asset isn't worth that little.


Green

Would have spontaneously combusted or some shit. You got some serious fucking mining revenue coming your way. You are making minimum wage just breathing now. At least til the difficulty increases.

way too many people panic selling thats for sure..

people know how to manipulate the market. I was tempted to panic sell lol but then i saw I would lose a full bitcoin...In 2 days or so when the difficulty goes up well see what happens.

this panic selling started this morning. I think people must have realise the difficulty is set to rise soon and were worried about the value of their bitcoin to a GH so figured they would sell while they could and rebuy in a few days!

You were unbelievable lucky. And smart to put such an insane buy order in the first place. Enjoy few BTC coming your way. Could it be somebody made huge mistake in his sell order and caused all this mess?!?

Anything above .065 per 1 GH come this friday is over priced.

PETAMINE shares are worth 1 GH each currently and are prices at .065

Additionally KNC just shipped a ton.

I guarantee it will crash again very soon and correct itself to below .10

I don't think this is true. How did you get these numbers? I calculate 1GHs starting mining today, with 90% month difficulty increase, will mine 0.10-0.11 BTC in next six months. Add some re-sell value to these GHs and the price has to be much over you've suggested. Also, Petamine is a joke, Burnin posted today that he didn't get the payment from CryptX for the hardware he delivered to him. Even if they are totally legitimate, they are small resellers, far from the position the cex.io is in. No wonder their price is much lower.

Price is starting to rise again now, id jump back in!

On another note, somebodies copied me..

PRICE     GHs                  BTC
0.01   1455.018584   14.55018584

Haha, thunder never strikes twice in the same spot!

Hey guys. Sorry if this is a dumb question.

I'm about to place an order for 10GH, but I'm not sure for how long this power will be mine.

When you buy GH/s is for a period of time? Are they yours until you sell them to another miner? Or are they renting the power, let say for a day, week, month?

Thanks

Hey the price is good now! Time to buy!!!

They are yours until you sell them or cex.io goes bankrupt.  :)

Thir thread might be useful
https://bitcointalk.org/index.php?topic=308872.0

After the jump in difficulty, I'm not able to calculate ROI for CEX.IO -- always comes up negative/month. Bummer this was looking cool too!

0.01 fall makes me dream weird lands

Right on.

I get earnings for GHs starting today at most 0.08 BTC before the end of January. It's on the optimistic side, after that it's anybody's guess, but I doubt it will earn 0.09 ever. Difficulty rise is a bitch.

GHS are going up, back to 0.14 and then? diff went to 267M so price should go down, shared mining price around the world will soon be 0,1 BTC/GHS

Well, I've been buying all the way down from 0.22 and it doesn't feel that great now that we're at 0.13ish.

Still, I'm hanging in there and will continue to buy. I like the concept of being able to sell if and when I feel like it.

As for block erupters, one day they'll be thrown away so at least getting something back from CEX hashing is a plus. How low can it go? Who cares really, it's still hashing and as long as it keeps feeding the addiction to fractions of coins, it's all good with me ;)

We've had the dump, now let's see some pump :D

Since the difficulty just occurred recently, i see the price flirting up to .145-.15 BRIEFLY. alot are still panic selling, and when the weaker hands shake out we will see the price drift up a bit. the current price still offers a really decent rate of return, ppl wont mind buying in a little higher, methinks. the larger investors dont start selling off until 4 days before the dif change.. there is a window after the change in which buyers are confident there wont be a major devaluation, and increase buying pressure.  ppl seem to forget this market was manipulated and then accidentally crashed the same night. the prices you are seeing aren't indicative of market sentiment. i even wonder if that huge order clearing selloff was a last ditch effort to stabilize the price at .17 (didn't work).

but anyway, ppl forget:
free electricity
resale value (try to resell that block eruptor in this market)


...add to the value of the gh. calculate accordingly

Green

p.s. large investors, exit the market cleanly, and exit positions gradually so you don't influence price with those huge ass sell walls ppl are so fond of throwing up

GreenBits has the crystal ball
True, it's happening, 0.145-1.5 on sight  :D

Probably buying a few gh if the difficulty didn't rise and the price of a gh isn't so high.

i wish :)
id have gotten into asicminer at ipo

if there is enough buying pressure to move past the wall at .1413-.1415 (ppl keep undercutting the wall; a couple of larger orders started to spring up around it) i think it will stabilize at .145 for a bit. I might have been a touch optimistic initially, but if we get past the second wall at .145ish, buying/selling interest will peak around .15 . there is still enough time, just need more buying pressure. i dont think the market will be that excited about buying past .15 (massive sell order will turn the momentum around) that close to a dif change, just depends how fast the uptrend develops) :) the sell support around .149-.15 there will probably be the peak, and i think it will trend downward from then on, to where, no idea. just things the orderbook (in its present state) seem to indicate. i could have never seen that crash a few days ago.

its kinda weak, my position is closed atm, saw the BMR thing on reddit and exited just in case we saw a price dip on the news (oddly, noone really seemed to care, missed out on 12 hours of mining for nothing). looking for a rentry point now on a quick in and out.

keep your eyes on the difficulty guys.

oh, for you exchange dudes, bitstamp price is approaching the 30 day high. something ive been watching for a few hours

edit, much later:think it will hit 160?

Huh? I just mined 0.60353655 BTC during the last 24 hours with 250 GH/s. Expected reward was only 0.469607 BTC. Are you talking about some longer time period?

My bad ... noob mistake ..I was look at a small time period where the blocks took  > avg  :-[

i just bought 1 btc worth for testing, the ghs is now in my account.  Do i need to do anything for it to mine or that starts automatically?  how soon usually will i see the first payment? thanks

It starts mining automatically and will deposit to your account automatically.  Wait an hour or so to see it all level out.

thanks, i have to say this is very well designed. added another 92 ghs to make it an even 100 ghs, price is not as cheap as physical hardware purchase but the ability to flip the ghs on a dime instantly and without having to deal/worry about scams/escrow is a big plus.  They have a limited supply of ghs as you cant fake that, so with more and more people get wind of this, price should have some support.

Not looking to make any big money, just cool to get back to mine again.  

I like cex.io.

Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee?  :)
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

:)

Well. I've got an answer at cex.io support desk:
"We have 0% fee both for sold GHS and miners connected to ghash.io. I have updated contract details at CEX.IO. Sorry for misleading information.
October 20, 2013 11:11
Alexander V
Cex"

NMC merdged mining worth about 1% of additional income.

Can i sell gh/s that  i physically own or is it only their hashing power?

Alright, thanks for finding that out, much appreciated. I'm assuming that the merged NMC mining is internal to the ghash.io pool and CEX convert this into BTC and we benefit? I wonder if there's any information on transaction fees? Some pools return a portion of fees to the users as additional revenue but maybe CEX keep these to enable the trades to be free?

-----


As far as I know you can only sell their own hashing power. You can however, point your own rig at the ghash.io pool, click the "ghash.io" tab on the top bar of the home page, that will take you to the stratum server info that you need to configure your miner. You need to be registered to use their pool.

:)

It is stated that they use "NMC merged mining to cover pool expenses".
Information regarding transaction fees needs to be clarified at their support team I guess.

I've done some simple math with provided mining data, and as far as I can tell, they divide the full block reward (including transaction fees) to miners according to their shares ratio.

I bought 0.36101079GH and i'm hashing at .48!  :o

It will come down over time to be at your paid level. It may be up to bring your 1hr ave into line.

you can goto https://www.ghash.io/workers (https://www.ghash.io/workers) and see a chart of hourly ave for your account.

You have to be happy with that!

As commented, it is likely to smooth down to your purchased level, but if it doesn't let us know exactly what you did and I'm sure a few folks will be anxious to emulate your actions ;)

Is CEX.IO down for anyone else atm?

Seems normal, I just withdrew some coins a few minutes ago. Seems to be fully functioning from what I can tell here.

fine for me also in Califorina

also still working in New Zealand :)

I had an affiliate question if neone could help. Does your affiliate have to buy 1btc worth of gh/s in one transaction or will you get the 1 gh reward when your affiliates reach 1 btc in buys even if that is over multiple buys?

TY in advance for your help.

can anyone comment on the returns they are seeing from this? worth buying into? thanks.

If you are talking about buying hundreds of GH/s you'r better off buying hardware if you want the pay off to be from mined coins.
You can also speculate buy some at .13xxx and sell later at .18xxx  with added bonus that its mining coin while waiting for price to swing your way. (note it may never do so)

I have a whopping 5.84GH/s invested and here are my last few returns


as the pool gets larger my share gets smaller as difficulty goes up time for each block will go up.

I made some returns trading up to 40 GH/s back and forth. Around 0.5 BTC + the mining income. Most likely I was just lucky, though. I don't really understand how people overvalue this hashpower so much.

that's what i don't get. it just seems like a bad move to make given other investment options. the only way it works, it seems, is because so many people overvalue the hashpower, so basically just passing the buck onto the next gullible person. kind of like the bitcoin potato....

Question,

Say I buy 5GH/s, and the difficulty increases.  Am I right to assume that the value of 5GH/s dramatically decreases?

Yes

Then CEX is a sure way of burning your coins quick..

Yes. Just like any other form of mining right now.

exactly. this only works because you can sell your share to an even more gullible newb down the road...

hit nail on the head. greater fool's game.

some things ive observed:
+ keep small positions to exit quickly
+ enter positions looking for valuation on uptrends, not from mining profits. the longer you hold with this, the more market variance you are exposed to
+ be careful with reinvesting mining profits. check price before you extend your position
+ keep an eye on the time till the difficulty change
+ keep an eye on the severity of the upcoming difficulty change
+ buying pressure is strongest right after the change
+ selling pressure begins a few (3-4?) and peaks right before the change


read and understand the order book constantly!

I've been mining with cex.io for about a week and I'm seeing VERY high stale counts for my ghash.io account and very high duplicate counts for my KNC miner.  Overall the performance is what I expected but I'm wondering if there is anything I can/should do about the high stale and duplicate counts??!!

I've read about this problem with KnC hardware, and it's most likely harmless. Only thing that matters is how many valid shares you end up sending to the pool. IIRC the firmware just doesn't clear its results sometimes, so cgminer thinks the same old result is a new one. No work is wasted when that share is sent again, but it ends up in the duplicate statistics.

i lost value of the ghash drop too fash...vs the ROI of mining...

sad.. :( :(

Join the club. but really it's hard to tell at the price of btc is jumping. So, in term of actual $ investment you should be ahead a lil. You won't get a true gauge of mining until btc is stable in price for a long period of time. GO BTC!!!

You can't buy CEX.IO hashrate with dollars. You have to convert your USD to BTC first, and then spend it so you can earn less BTC...

Very True, depends how you view your earnings...$ vs. BTC Lost BTC, but Gained $ based on the X Rate

At this point another 50x increase in the hash rate makes mining with BitFury chips break even with electricity costs (assuming $0.10 electricity, $200 BTC, zero datacenter costs).

What happens to CEX.IO mining when power cost breaks even with mining value? Today they are providing free electricity since it is negligible to the value of BTC mined, but that is changing fast.

In the GPU/FPGA era, many people mined at near break even just to generate coins (i.e. pay electicity for bitcoins). That can make sense and work in a home/private environment since it is just a way to purchase coins, but I don't understand how the CEX.IO model works here. CEX.IO will have to charge the full value of mining just to cover their costs. This would leave zero value left for Ghash owned since all BTC generated would be used to cover their costs.

Any thoughts on this would be appreciated, I'm interested in the service, but having a hard time trying to model how it makes sense in 6-12 months from now.

From their FAQ:

Thanks, I understand that.

The value of a Gh/s should be equal to the present value of future income generated. If expected future income is zero (BTC - maintenance < 0), then the market value of Gh/s should be zero as well. There might be some residual value to the H/W owned, but it will be negligible compared to today's prices.

So the issue is when maintenance fees exceed mining income, the market price of Gh/s should be valued at zero in a CEX.IO type environment. So the statement above doesn't say much because the market price should be near zero here.

My basic point is breakeven mining has value in a home environment, but does not seem to have value in a traded environment. It is this end game that I want to understand better.

At some point in time CEX will cease to sell GH/s and instead sell TH/s for xxxx so, that will have a new energy cost per TH/s. This can continue constantly up the point that ppl are still willing to mine and to exchange btc/$$$ for so said mining.

I think CEX is a great idea, just, don't think mining is priced correctly atm. But, I am still hashing and trading on CEX.

Moved almost all of everything out and into a mcxnow account where it will at least collect interest. the rate changes a lot but it's something.

Est. annual interest rate: 6.07810768%

Interest on deposits -
25% of all mcxNOW exchange fees go towards paying interest on deposits every 6 hours!
Interest calculated as: (YOUR_BALANCE / TOTAL_USER_BALANCE) * 25% of fees. This applies to every currency on the exchange.
Fixed-point integer math trading engine -

I was wondering a similar thing, after all, there's not many businesses that offer 'no fees' to the end user.

The way I understand it (and feel free to correct me if better information is available) is that the Ghash.io pool also mines Namecoins by way of merged mining and it's these NMC that provide profit to CEX. On www.ghash.io it states this at the top of the page: "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."

The pool also generates fee revenue from mining transaction fees (the fees you pay to send BTC across the network) so if you look again at www.ghash.io and scroll down to the 'Last Blocks' section, you see that under the "BTC value" column not only is the pool receiving 25BTC for each new block found, it also appears to distribute some fee (or merged mining?) revenue back into the pool:

2328    2013-10-23 00:08:47    265415    25.2284    3/120    2 hours    632.68 Th/s    
2327    2013-10-22 22:09:57    265404    25.0114    14/120    11 minutes    624.69 Th/s    
2326    2013-10-22 21:58:50    265401    25.0526    17/120    34 minutes    628.95 Th/s    
2325    2013-10-22 21:24:40    265396    25.0642    22/120    3 minutes    631.95 Th/s    
2324    2013-10-22 21:21:37    265394    25.0031    24/120    a few seconds    542.11 Th/s    
2323    2013-10-22 21:21:20    265393    25.2119   25/120    42 minutes    629.53 Th/s    


If you look at pool sizes here https://blockchain.info/pools the ghash.io pool is the second largest, so I imagine that it's generating a reasonable amount of fee income and NMC merged mining income to cover costs and provide a level of profit for the pool operators.

Anyway, that's the way I understand how things work, but if anyone has any clarity to share, please do.

:)

These amounts over 25BTC are not merged mining revenues, they are transaction fees within a blocks. Many decent pools distribute this also to the miners, and ghash.io is doing it as it should.

Edit:
You can check it here:
https://blockchain.info/block-height/265415
Block 265415 for instance, that you've put in that table, has transaction fees 0.22843055 BTC. They've sent 0.22840000 to us miners amounting 25.2284 total, and kept 0.00003055 to themselves  ::)

The NMC merged mining income is used to cover the Ghash.io pool expenses (which are minimal), not the CEX.IO datacenter hosting expenses (which are large relatively).

In either case, when the value of BTC mining breaks even with electricity and hosting costs, NMC merged mining will not come close to covering electricity and hosting since the NMC value is insignificant compared to BTC value generated. So we're back to square one, what is the value of a Gh/s in CEX.IO when electricity equals BTC value mined.

Appreciate the input guys.

The fact overlooked by all the analysis is that this is the Bitfury pool, who manufacture their own asic chips, sell them and also mine themselves. I'm pretty sure that they wouldn't be doing this for free, far from it, so not all of the total pool earnings will be revenue being paid to external pool members and I'd expect them to quarantine their hardware sales profit from the pool. Furthermore, the pool fees might not be zero forever, it could very well be a loss leader as part of their customer acquisition strategy. I'm only speculating based on these comments from their FAQ, https://cex.io/faq :


"How can a GH/s be owned forever considering electricity costs and other fees?

Maintenance fees will be set per GH/s to electricity costs and datacenter fees. It may be adjusted according to the BTC/USD exchange rate because our fees are in fixed USD.
If the maintenance fees exceed your mining income, GH/s be sold at current market price to cover fees.
CEX.IO MUST buy back sold hashing power at market price to close accounts.
At anytime you always have the option to request GHS withdrawal as hardware devices, just contact support to negotiate shipping details."


Anyway, this is just my supposition based on the information they provide. I'm not associated with the company in any way and really, I figure that they're looking out for their own interests, have you ever known any asic manufacturer to do otherwise? Now either you wait for a CEX rep to comment on this thread to give you the 'proper answer' or if you're really that concerned about their business model, then contact them directly.

buyer beware. there is price support at .078, but if that wall is breached, its gonna plummet to .0551. the buy side of the order book is looking pretty suspect/fraudulent at the moment. selling pressure is bananas.

Yea this is crazy the ghash value is crashing and if I sell would cost me a lot of bitcoin :/

im having issues trying to cancel an order atm.... wtf

I had same issue a few days ago. I think it's when the site is overloaded. give it a few and refresh. It usually clears up after the load spike. Hope that helps.

no it is not true, it never is true, and never will be true. People are just delusional - like to bury their head in the sand and refuse to acknowledge reality.

Will say it one more time, you NEVER..EVER.. factor in $/btc price increase in your hardware miner(virtual or otherwise) ROI calculations.  

If you bought your hardware at 5 btc, it mines total of 2 btc, and you manage to sell it for 1 btc to the next fool, you lost 2 btc, period. It doesnt matter if btc/usd went from $100 to $10000000, your ROI is still a loss of 2 btc or -40% ROI.

I just did a CEX.IO loss calculator.

How many Bitcoins are you going to loose if you invest now ?  ;)

https://docs.google.com/spreadsheet/ccc?key=0AnoTFX7YTCl0dFFFektlRmJ0T0pwRGlvN3pyVHhPVFE&usp=sharing

It is based on the next difficulty in about 2 days.

It is just estimations but it should make you realise that you can only loose Bitcoins in this game.

EDIT : the access to the calculator is private now.

just depends on how you do it i guess....   deposited 0.50btc,   and after a bunch of buys and sells....  im impressed atm.....   cashed my 0.50btc back out and utilizing 23ghs of free mining now... :)

I did something similar and came up with a current value of ~0.053 BTC/Gh, so we are in the same ballpark. Assumes 40% increases, $200 BTC & free hosting fees. Also, most of that value is mined over then next few weeks and most of the value of each Gh will be realized by the end of November.

Price is still too high IMHO. It may be possible to trade for profit, but your are trading an over valued asset and risk holding the bag when the price resets to actual value.

Now, whoever bought all that Gh at 0.01, congrats to you, but I hope you've been smart enough to sell and not just hold for mining income.

should be down to about 0.01btc/gh  in about 3 weeks :)

That's why that guy who bought at 0.01 should sell now. Also the bids above 0.5 seem to have dried up, expecting another leg down soon.

If anyone wants a CSV history of their transactions, just view the source code of the account balance page. It's easy to find the long list there, then you just need to trim the whitespace.

^ most helpful tip of the day. Thank you! Took me hours daily to keep current.

Still need to figure out how exactly to filter it, since the amounts can be either GHS or BTC and some orders are canceled. But at least it's a more interesting exercise than endless copypasting :)

I make this on my transaction page and get exactly what I want ;)

         [5498568, '2013-10-24 18:05:05',0.05748380, 14.67637695, 'mining', '', 265779, 25.2445, 2277088, 1000002219, 'undefined', undefined, 'undefined'],
         
         [5499687, '2013-10-24 18:11:18',0.05733833, 14.73371528, 'mining', '', 265780, 25.1912, 2276128, 1000002586, 'undefined', undefined, 'undefined'],
         
         [5501644, '2013-10-24 18:54:02',0.05765291, 14.79136819, 'mining', '', 265786, 25.2915, 2279544, 1000003933, 'undefined', undefined, 'undefined'],
         
         [5503104, '2013-10-24 19:11:56',0.05722687, 14.84859506, 'mining', '', 265790, 25.1888, 2271924, 1000003917, 'undefined', undefined, 'undefined'],
         
         [5504156, '2013-10-24 19:17:05',0.05683424, 14.90542930, 'mining', '', 265791, 25.1393, 2260778, 1000004187, 'undefined', undefined, 'undefined'],

For some reason, for the life of me I could not seem to discover a thread dedicated to cex.io. Finnaly after searching further I found this thread on page 2 of  the google search function.

At any rate, I have a lot of enthusiasm for this site and since the wind down of btct.co, we have another lucrative means to make our BTC work for us. When I first started trading, I was surprised to see the high demand for over priced GH's. The discussion on this thread has already been had about all the eliminated costs that are involved by buying hashes here versus your own mining setup. For small timers like myself, even with the past inflated prices, it was still more profitable to buy hashes here versus buying a bulk of Block erupters during their 3rd and fourth price cuts. Besides all of that, for lack of a better word, the cool concept for cex.io is that you "make BTC" while your sell orders are on the books. Anyways, reading through the threads I realized that I wasnt the only one to realize these points on the market value of GH's but there is still profit to be made via buying and selling these. I do however feel bad for those people that bought in during the end of pumps and missed the dumps. I guess that goes for anybody that trades. I look forward to see the growth of this site as well as the continual discussion on here. Like I said, this is fun, can be profitable if your smart about it. Cheers!

This exchange has been working very well for me, and buying hashes is a lot easier than trying to obtain hashing hardware (especially if you're outside the US). Thank you!

We've added support to CryptFolio (http://cryptfolio.com) (thread (https://bitcointalk.org/index.php?topic=192423.msg3409205#msg3409205)) for tracking both your CEX.io wallet (BTC and GHS) and also ticker data, which will be available through our historical archive (http://cryptfolio.com/historical?id=cexio_btcghs_daily&days=180) (it will take a few days to get enough data). And since you can also add arbitrary GHS offsets, you can also work out what your private hash speeds would be worth if placed onto CEX.io.

CryptFolio helps you safely keep track of your cryptocurrencies and commodity currencies over time, and generates reports (such as the overall USD or BTC net worth of your portfolio).

I'd love to hear from anyone who dares to try CEX.IO's hardware redeeming service. Sure, it's overpriced, but don't let that stop you! I'm wondering how long is the delivery process going to be.

https://cex.io/redeem

This is not preorder, and you can get 100GH for 10btc, is that overpriced?
And as a bonus those who was in doubt about hardware existence - they put up a list of their 120 miners with live stats!

I assume we are seeing an upward trend in GH's price,  relative to the down trend of BTC/USD?
You bullish bulls you 8).....

i wondered about this also when i woke up to the btc price drop this morning. just noticed a ghs price correction down to .09 ish, but it will prolly drift back up to .094-.095. plenty of support in the .091-.093. i think any price rise above .1 is optimistic, but entirely possible. market price adjusted to the dif change BEFORE the change actually happened :) plenty of time for the price to drift beyond .1 ...   ;D we will see

not so much panic selling this time. you guys are getting better at this  :D

I noticed I stopped getting mining payout notifications on CEX.io and my ghash.io shows 5 hours of current work with nothing...is this normal?

There was a 5 hour block. Not unheard of even on a large pool like ghash.io.

Statistics is an evil thing.
But, there were several seconds blocks, so I guess we're even)

0.12 approaching, will we ever see it again?

Guess who sold at 0.09, thinking the price had bottomed out? I hate trading  :o

I sold at 0.099 too...

it would've been a shame if it went up to 0.12

but the highest was 0.10 and now back to 0.0975

so far.. good sell... I guess... :)

its so early after the difficulty change that there's plenty of time for the price to drift up before the ritual super crash that happens a few days before the next difficulty change. it seems like ppl are buying and selling more rationally this difficulty period. we would have been past the .1 wall had it not been undercut all day. Once the .1 wall gets eaten up, no resistance til .103-.104. if we break past that, .119 is gonna happen again :) just curious as to how soon this will happen. hopefully Monday volume (workplace traders) moves the book along quickly. i don't see the market moving past those giant orders at .13 and .14, however. thats a gambler's buy.


Green

As for me, went in, went out. Not going back in :P. It was a really insignificant loss, but it still happened. I can't trade well.

well, 1.04 is done.
Next step at 0.10789, more than 75 BTC :#

So this is the new miner's game now :)

If thats what you want to call it because Im not sure what to call it. Im still in disbelief, I was sure that after the difficulty change, we would see a large sell off with the highs ranging at 0.07-0.08. Weird market, yet intriguing to say the least. Its clear that ROI will not be seen for a very long time at these prices BUT buying GHS here is still cheaper then buying & hosting block erupters or Blades for example. I wonder how involved cex.io is with the market (the buying & selling of their own commodity). They need to make ROI too! At these prices, their doing well right now and they should because this is a hek of a service. I can imagine this really taking off especially with the stock exchange fiascos.

Well, I'll still keep my physical rig and I can't see me getting rid of it for a while. The mining difficulty with BTC is already prohibitive and maybe when it really gets almost impossible to make any sort of reasonable return (that's probably about now in all honesty) I'll look into mining other coins, but I haven't found any pools that look attractive yet so maybe when I find something I like I'll make the switch from BTC to something else. But for now I'll be adding to my rig when my Blue Furies arrive and in the meantime, adding to my CEX account as there's nothing quite like it for flexibility.

It's a good observation you make, I think you're right, this is the new miners game now.

:)

Truth!
Adding to OleOle's post, nothing replaces the enjoyment/experience of owning,managing & tweaking your own farm.

I think the recent GH price rise on cex.io was caused by possibility to redeem actual miners.

Although there are 2 factors market did not accounted for yet, which shall correct price greatly:
1. You can redeem same hardware for a price of about BTC0.068 per GH (I've used lowest hashrate from their range). Hardware is in stock here: http://bitbonanza.co/shop/thefirst/ and they have hosting solution too.
2. From the 1st of November there will be a maintenance fee of $0.001 per GH per hour. That is about $0.72 per month (and here is hosting for about $1 per GH (using pessimistic hashrate again). And it is actually much cheaper to pay for electricity then for hosting service at cex.io, right now the hosting is free there.

So  I think price will drop to somewhere closer to BTC0.068 in the nearest future.

yeah great stuff! too bad we can't choose mining pool..yet ;)
but, hey, they have families too

Just reclaim and choose the pool you like. What is the problem? With 0% commission and ghash does not look too bad.

Yeah, I agree. I point my mining rig at BTC Guild, so with CEX using their Ghash pool, I'm using the two largest pools around, which, all the cool kids tell me, helps to even out the variance and theoretically gives me a better than average chance of statistically higher payouts.

Sounds good I suppose but with rising difficulty, it's not that great seeing the payouts reduce  :-\

It does reduce variance, but it doesn't give you a better chance at higher payouts.

So you were in such a hurry to post your one line that you rushed your post out 69 seconds after mine?

You didn't add anything interesting to the conversation. I've waited a few hours to see if you'll follow up your remarks with something more than, "My opinion is the most important, only what I say is the truth," style of remark, but so far nothing. Maybe that's all you've got to say? You just barge in on a thread with your quick ejaculate then disappear in a cloud of your own spent arrogance. You'll going to have to do better than that. Fill the page with some statistical nerd wizardry, maybe talk about what makes you think the way you do. I shouldn't have to tell you how or what to write, but then your lack of airs and graces are making you look more than a little socially challenged.

Besides, you obviously weren't one of the cool kids I was talking about or you'd have been a helluva lot more suave than you are.

 ::)

I don't know about you guys, but after investing in ASIC hardware and struggling to break even (due to their broken timelines), I'm looking for other places to multiply my BTC, and this seems like the way to go.

I'm waiting when the price for GHs goes down. It's really high.

Bought in today at 0.10784898 with some BTC I keep around for short-term ventures. The concept is interesting but I'm somewhat skeptical of the whole operation; No offense intended to the admins of CEX, but I'm slow to trust anything BTC-related after the many scams that have rocked this community. The fact that the difficulty has been rising so rapidly over the last 3 months also has me concerned about the long-term value of the shares I just purchased...


Still, it's certainly better than just letting my coins sit around in the wallet and gather digital dust all day long :P

That's debatable and completely depends on whether you can get rid of the shares before they tank too much in price.

That's a very pessimistic viewpoint. Also, since shares inherently generate value through their mining power, they would have to drop dramatically in price for me (and other users, for that matter) to not break even at least.


However, I perhaps should have phrased the above differently. It's certainly more interesting than just having coins sitting in a wallet, but I see your point about the potential for loss.

I see a good resistance at BTC0.10/Gh/s i think it will be great time to trade before the difficulty rises. Also we will see a surge of selling before retarget. Great time to wait.

 New ASICMiner gear coming online in (heh) two weeks (30-~38GH@ 1.99 BTC) sets the price of shares @ 0.06 BTC/GH.

 Expecting the price to drop any time now below 0.1/GHs

EDIT: Suck at math. Initially stated 0.6 BTC instead of 0.06 BTC

Also Avalon is selling in-hand ASICs for 30BTC / 750 GHs (see here (http://avalon-asics.com/product/a3255-55nm-chip-500-count-reel/)), estimated additional price to produce working miners is around 20 BTC (burnin is testing the prototype in a few days). 50 BTC / 750 GHS = 0.06-0.07 BTC/GHs. They are less efficient than Bitfury chips so you have to add electricity price to it. Yifu's reputation aside, this have to affect the GHs price a bit.

WTF man... Price is hovering near 0.11 BTC/GHS.

To quote a certain someone who resembles Gandalf (and I say that affectionately), "Madness !"

Price flirting with .12 today...I personally sold off my shares @ .116 since I didn't think the upward trend would continue. Will probably buy back in if the price goes below .11 again.

I suggest anyone reading about their pool's questionable behavior before trusting them your money.
https://bitcointalk.org/index.php?topic=321630.0

I noticed that period 25th - 27th September you mentioned on the other thread and wondered what had happened. I rather naively thought it was just bad luck but was surprised as I also mine with BTC Guild and although there can be erratic patches, in the time I have been using BTCG, there hasn't been anywhere near that amount of time passed without a block being found. Quite the opposite really, BTCG is very smooth, even for PPLNS

Like some of the other commentators above, it's sometimes hard to take seriously some of the price movements on the CEX order book. Whilst there's no way to tell for sure, it feels that someone is playing both sides of the ledger.

It would be good to hear an explanation from the company, something longer than just a couple of lines of rebuttal. Your analysis really does require addressing by CEX as it's all out there in plain sight and if there is diversion of client hashing for nefarious uses, it's completely distasteful.

Perhaps CEX needs a genuine competitor to 'keep them honest'?

 :(

One thing you didn't explain is why would somebody use giant with 25% of network hash rate to do the simple thing like double spending on 0 confirmation transactions, he just needed to put the nice TX fee in later transaction and it's done.

Edit: I can't believe CEX price is not going seriously down, it's only day and a half until difficulty change. What happened, why are people not selling in panic 2-3 days before diff change like before?

No, you can't double-spend easily by just putting a higher fee. Transaction replacement is disabled in the reference client, so once the transaction is broadcast and is accepted to nodes mempools, the nodes will reject double-spends that come later.

That's why you still need hashpower to include double-spends into blocks.

How can you include double-spends into blocks when your pool mines no blocks, as you claim? In which scenario mining pool gains anything with hashing whose results are never included into blocks?

Let's assume for the sake of the discussion that what is alleged to have happened did actually happen. What would be the benefit of doing such a thing? Are they alleged to have 'won anything' while supposedly gambling or was the act more of a 'flexing of muscles to see what was possible'?

Wow the price went up to almost BTC0.12! this is good demand here.

I didnt say pool mined no blocks, I said they didnt mine any to their address. Supposedly they used different address which I mentioned in my post.

Considering that their bets were almost exclusively wins as a result, and they bet on 36% a lot, their profit was considerable. Well, they likely emptied Betcoin's hot wallet.

im confused abut this as well. i expected the .12 peak, but i was genuinely suprised when the market moved beyond that and even touched .14 with brief support. rode from .083 to .095, got off, got back on at .099 and rode til .118. i want to reenter but the price is much too high at the moment/violates my internal rubric for purchase.

when it does crash (current selling pressure + thin buy side) it will be messy.

and i will sift though the rubble and hash again.


just takes one panic seller with a large enough position to bring it all down.

I think its because the Hardware Redeem option, people like to have hardware they can control...IMHO

I wish there was a way to short GHS on cex.io - the price over the past 10 days or so seems irrational, and there's nothing I can do about it - that I know of.

price of btc is moments away from its historic peak. ppl will be liquidating positions to peg to fiat in case the price of btc falls. expect a slight dip in the price of cex ghs if it breaks the ceiling. its pretty obvious its gonna go higher than 250 eventually, so not that concerned.


but yeah, don't know what's up with these prices. perhaps this is the unmanipulated market at work? selling pressure is starting to increase a bit. price support at .1, .095, .083, .08. if it breaks .08. it going right to .07 with that massive wall sitting there. lesser walls beyond that, but at that point, unless you purchased at the bottom of market last change you are already at a loss.


still waiting to feast.

I assume you guys are following the Official CEX.IO thread? I had the same sentiment regarding the price the GH/s are selling for but a number of forum members have made some interesting points on the psychology/reasoning of the market. Best explanation I have read thus far.

---

The CEX Effect - https://bitcointalk.org/index.php?topic=318010.msg3483771#msg3483771 (https://bitcointalk.org/index.php?topic=318010.msg3483771#msg3483771)

Instant, commodifiable GHs versus street GH/s - https://bitcointalk.org/index.php?topic=318010.msg3462226#msg3462226 (https://bitcointalk.org/index.php?topic=318010.msg3462226#msg3462226)

I'm looking at the official CEX thread from time to time but this thread has been running for longer and being unofficial it remains free from the sycophancy and fanboy mentality that official threads sometimes develop.

The interests of clients and management are not always the same and I'm not going to be posting on the official thread as in my opinion they've offered rather weak replies to comments raised there, particularly those by RoadTrain earlier here:

https://bitcointalk.org/index.php?topic=321630.0

The topic was raised on the official thread and CEX seem to think that the inquiring minds of bitcoinland will be fobbed off with a couple of ill-conceived sentences from their support staff (who I have to remark have been very quick, helpful and proactive in all my direct dealings with them) but it's not good enough just to ignore this matter when it's raised on the supposed official thread:


I'm less interested in what people think are market-moving factors (although speculative observations are always interesting to read) than I am in CEX management responding to genuine client concerns as ignoring matters like this just further weakens the perception of integrity that CEX has. And like IYFTech says above, I'm not interested in taking any sides or making accusations either, but serious questions have been asked, so serious answers are required.

 :)

I just want the price back up to .11 so I can get out :)

No, price goes straight to 0.06 so I can get back in with my reinvestment

Something in the middle locks most realistic, good luck to both  :D

Is the site down? In Firefox it won't render properly and I can't sign in on Opera or IE.

This seems to be happening quite a lot recently  :-\

CEX.io hurt me recently with all the decline but good thing I sold out at a much less loss than now. I am ready to buy back in very soon.

bah, rebound rebound rebound!!

I guess everyone crawled to official cex thread)

BTW, positive news regarding nmc, ixc and dvc merged mining, but i doubt that they'll not implement maintenance fee soon.

Hello!

I'm curious, any comments on "cex.io pool growth" / "GHS/BTC price" ?

I hear you, I am very interested on this issue,
Just started and am wondering if this is good/normal?

Thank you,
-Branzig.

simple question, if diff increase, how the price of ghs will be? drop or raise?

With difficulty increases, you get less return from your mining so in theory, based on the fundamentals, the price should drop. However, what tends to happen is that miners perceive that they need more hashing power to counteract the difficulty increase, so their demand drives the price higher. There's usually some volatility in price as fundamentalists sell and optimists buy, so if you're careful it is sometimes possible to sell high and buy low if you get your timing right. Conversely, some people have got that wrong, misjudged the situation, sold low thinking it would drop and were forced to buy back in higher when miner demand outstripped the selling pressure.

You normally hear people moaning on threads like this when they get it wrong. You need to make the decision why you're using a product like CEX, is it to mine, to trade or both. Being clear about that will help optimise your strategy.

:)

I have outlined my calculation for the expected return on investment in cex with links to the information and tools so you can do the sums your self.

https://bitcointalk.org/index.php?topic=346469.msg3713196#msg3713196

I don't understand why people are paying so much.

Nobody on CEX.IO intends to hold their GHs for a long period. It's not really about mining there, which we can all agree is not good value for money. It's about trading, with the added novelty of getting money (even small amounts) while the coins are waiting to sell. And now there is the second minor bonus of merged mining. But remember, it's about trading.

such swings, much trade, very profit..... WOW

  I was thinking along the same exact lines. And I agree, But I believe there is one additional variable to consider, and that is whether or not they are adding hardware. If they never added any hardware then the value should go up as the demand for the limited GH goes up. But every time they expand and increase the GH available, shares go down. That's my concern, as I find it very hard to believe they will never expand, especially as difficulty increases, the GH they offer becomes more useless.

And passive income will similarly diminish, for more obvious reasons. Difficulty up, ROI down. After lots of thought, it's For these reason I'm staying
away, though it was very very interesting.

I am looking for historical GHX/BTC data about cexio. More than one month backwards.

Thanks
:-)

Try Cryptotrader.org

Does anyone know when short selling will become available? They were saying November, but now they aren't saying when.

just in-case anyone's interested

https://github.com/swordfish6975/CEXtoCryptofolio

nvm

you can get 1GH/share from the 100TH (500TH) mine on picostocks for 0.015BTC/GH

people buying on CEX.io are insane - the asking price right now is almost 3x what a GH will ever produce from mining. Everyone seems to just want to use the site for day-trading, then complains that they made no money

Exactly.
No one on that site cares about the mining revenue at all, even if there is a built-in profit calculator.

Time to face the reality: 0.015 BTC/GH
https://www.havelockinvestments.com/order.php?symbol=B.MINE

That's the reason I'm on the site. I've never even used their calculator...

People still invest in CEX ?

It's been months it doesn't worth it any more.

For mining, no. For trading, yes and no.

It's always seemed foolish to trade on CEX.IO.

Trading is a difficult enough game when it is a "zero-sum" game across all traders.

But on CEX.IO you have an over valued commodity that is guaranteed to lose more value that the income it produces. That means it is a "negative-sum" game across traders and you are fighting to be one of the few to squeeze out a gain over larger losses across everyone else.

cex.io sucks. Bought some hashrate and they cannot even keep it online and steadily make real payouts.

Compared to any other cloud service it isn't a rip off. Currently 0.024 per GHZ, which is cheaper than anywhere else I think, especially factoring in that you can cash out the GHZ back to BTC.

Payout on 50 GHZ is about 0.30 for February. Assume the rate stays the same or goes up, then it is a nice profit. I can sell my shares should the difficulty go up too much.

When BTC tanked, CEX followed it down, but not disproportionately.

I wouldn't call 0.024 per GHS "cheap", but it's not horrible either.

Cex.io gets a bad rep for nothing.

What gets me is 4thps goes offline for HOURS missing several block rewards, some I am even charged a fee out of my account balance as maintenence. .... but for what my hashrate is offline due to technical issues.

Then compensation doesn't come as 2x hashrate for same duration as downtime. It comes as a massive lump of hash totalling the down time but only 5minutes they give me this massive hashrate, basically robbing me of any luck variance.

Again and again... Trading is the key. Yes, I realize it isn't safe. But it's been very profitable for me and quite a few others. It really isn't about the mining.

After the last two huge crashes, I moved my position back to bit-mining. the market is so heavily manipulated @ cex that its almost impossible to apply any typical trading strategy (besides cost averaging on the way down!). the only thing you have is intuition; the damn trollbox is almost as good of a market indicator as the difficulty change.


been trading commodified scrypt (KS/s) over at bit-mining, caught a nice little dip (flash crash, possible order entry error) to exit at a 42% profit (its weird holding ltc, im a btc purist by experience, not by preference).

And that's good eatin.

 they only payout once at night, though, but you get the calculated payout, even if the pool goes down. if you night trade, you have to adjust your strategy a little ( the volume picks up right before/after dividend payout.) not so bad for me, but im a night owl.


I miss my crazy ass cex chatbox though, and the usual denizens (mariaconada, teknik, JDA, aSmallChild, and other peeps)

Come trade with me guys.

~Green

Warning just had about 40 attempts on someone trying to get into my cex account not sure if anyone else did either

same thing just happened to me, was actually coming here to post the warning. 40+ bad password attempts from many different IPs.  I immediately transferred whatever btc i have left in cex (not much <1 btc, i never keep anything online) to my cold storage.

anyone with cex io account please be careful, not sure what is going on with that website.

Some IPs that tried to log into my account

85.114.142.172
81.89.96.88
37.218.244.217
204.8.156.142
141.212.108.13

Yep same here...

a bruteforce attack indeed..

https://i.imgur.com/E2yNJca.png

Looks like it's still going

yip 90+ login attempts

i suggested emails as logins for future, this would reduce mass attacks like this.

at the moment usernames are just harvested from say the chat box, if login was email based we could block the attackers straight away ourselves by changing account email

Still going on I got too many emails to count. This is getting annoying.  There should be a system to temp ip ban for small amounts of time 10-15 min

Received literally hundreds of emails in an hour with failed authentication attempts on CEX.IO, from different IPs. Bot-net obviously. Enabled two-factor authentication, but those emails every minute are really annoying. Can CEX admins ban those IPs with repeated failed attempts?

Same for me, it eventually stopped a few hours later

How come your username got known by the botnet owner?

I have no idea. It eventually stopped this morning at 2:35 (GMT), maybe it has something to do that I've emailed CEX support about the mail spam problem.

Where is cex in all of this?

Got same myself today, contacted support and let them know - was advised simply to change password.

I'll point out that it looks like a mass attack to them.

Oi! cex.io and ghash.io down today ???
Just getting to CloudFlare error page.

Oh no! not another one! LOL! I hope this is just a temp thing. Maybe they are redoing their system. I know they are doing something to add more to the website. I had to relog in earlier and hit a terms of service agreement. feels like it will be back up soon.

Possibly starting trading fee and new exchange channels...

your might be right. even the ghash is down too.

They are back up! nice :)

On April 16, CEX.IO on its official twitter account (https://twitter.com/cex_io) made an announcement: "CEX.IO ‏@cex_io  21h
Monthly Maintenance Cost for cloud-based GHS has been lowered to $0.26 per 1 GHS! Read more: http://blog.cex.io/?p=1616". Soon after the announcement, the linked article was removed from CEX.IO blog site, and the monthly maintenance cost per GHS is still $0.30 on the fee calculation page (https://cex.io/maintenance). Ironically total maintenance fee percentage went from 19% to 26% on the same day. Would someone with CEX.IO please explain what is going on here?

This last change from 19% to 26% is due to BTC price in the calculations. CEX was using 665, but it is now updated to current 503.

I just hope it is reviewed when BTC goes up, for this is now more than a quarter of everything mined and has resulted in more than 20% elevation from already high fees.

About electricity costs, no doubt it is time to review that as well...

this is what they want ;) then they get to start removing GH from your account when you can't foot the bill

Hi guys, just wanted to stop by in this thread to let you know about a Derivative product I run called BDD - the Bitcoin Difficulty Derivative.

One of its components, B.MINE (https://www.havelockinvestments.com/fund.php?symbol=B.MINE), acts as a 5GH/s miner and makes daily payouts based on about what a 5GH/s miner would mine in a day. You can trade it just like a stock on the exchange, just like CEX.io. However, there are no other fees because the shares are backed by formula, not actual hardware. This means no variance and no electricity bills  :)

Currently, CEX.io runs at about .0094 BTC for 1GH/s; B.MINE runs at about .00572 BTC per GH/s (about 40% cheaper per GH/s!) - B.MINE is sold in 5GH/s shares, however.

I've never really mentioned or 'promoted' B.MINE outside of the Securities subforum, partially because it's part of a larger set of Securities that are all linked together. B.SELL (https://www.havelockinvestments.com/fund.php?symbol=B.SELL), which is B.MINE's counterpart, actually allows people to bet that B.MINE is overvalued on the market. I highly recommend reading up on BDD if you do consider purchasing any shares, as there are some key differences between BDD and CEX.io.

So, thanks for reading - if you have any questions please feel free to stop by the BDD Thread (https://bitcointalk.org/index.php?topic=430137.0) or shoot me a PM.

Happy trading-

I actually use this derivative a lot for mining and if you sell at the right time is much more profitable.
You would not happen to be promoting it more now that you make that management fee 2% :P but seriously its a great alternative but again risky as well

Though you may not believe it, it is coincidental to my management fee being instituted recently. I was already getting a (small) cut of the exchanges fees generated from it trading on the Exchange.

The reason I bring this up to CEX customers now is because, yesterday, BDD was mentioned in the PETA-Mine thread. This caused me to go and compare GH/s (GHS) rates at CEX.io - I really had NO idea that people were trading GHS at such a premium (what I consider a premium) compared to B.MINE.

Looking at the Derivative as a whole, it is definitely complicated - not for the casual trader. But, in the context of B.MINE vs. 5 GHS at CEX.io? I feel like that's a no-brainer. You're getting similar payouts for 40% less and, if the difficulty continues to increase, you get paid out 200 days of dividends at the end. I am admittedly trying to 'drum up' business for B.MINE - I think that there is a serious market for it with those that trade on CEX.io right now, but I don't see anything unethical about that.

Thanks for trading in it!

From a quick reading of TOS version 2, and maintenance page, CEX is changing GHS maintenance fee calculation for a flat monthly tax of $0.26 per GHS. First analysis: seems better! At least, seems fair enough. Of course, when mining does not result in blocks, user will still be charged the maintenance. So difficulty will tell profitability. All in all, I think it is more easily understandable to the user.

We ll see how it works. So far, congrats CEX. Changing was needed.

PS
Trading fee is also here now, TOS v2, but in a 1st glance of my existing orders I didnt see a % value.

The monthly fee is something what we have to take a look at today the diff will change and then we have to wait how much blocks will be found. Another question is the fee charged at the end of the month ? What will be charge if im selling all my GHs before end of month ? It will be charged for the days im owning the GHs ?

Is the maintenance fee really only charged for the CEX.io cloud mining, or all submitted shares if you have at least some GHS of cloud mining?

Cloud mining only.

And calc details here
https://support.cex.io/hc/en-us/articles/202491338-30-Apr-2014-CEX-IO-announces-lower-maintenance-costs-for-owners-of-GHS

http://fuk.io/cexio-ghashio-jeffrey-smith-interview-exclusive/ my interview with their CIO about current/future.

So are they moving away their cloud hash power?

Obviously miners with hardware directed at GHash.io aren't mining anywhere else ;)

From Petamine thread.  




https://www.havelockinvestments.com/order.php?symbol=PETA

Does any one really have ROI in cex io ?

How much invested and how long invested ?

We re just getting goxxed at CEXIO.... Really too bad.

https://bitcoinwisdom.com/markets/cexio/ghsbtc

If mining is not profitable, why difficult does not go down?!?
CEXIO is sucking the last drop of its customers, thats the truth.

Change it, CEXIO! Evolve! Be serious.

Because, I am sad to say, mining is a losing game right now IMHO.

And CEX.IO GHS/BTC is only catching up with the cold reality.

I have only good experiences about cex, but you need really trade there if you want roi. buy, mine, sell and buy & mine again. You can also lose fast if wrong timing.

I like CEX IO and maybe that is the reality... Temporarily, I hope!

But if mining is not profitable we must face 2 things
- total hash rate decay... what is not happening right now but when it happens, difficulty goes down too;
- if not, death of bitcoin will overcome, case just validating transactions doesnt pay enough to miners.

CEX.IO Bitcoin Mining Return on Investment Calculation
Very good summary here:
http://ppalme.wordpress.com/2014/01/20/cex-io-bitcoin-mining-return-on-investment-calculation/

Altogether from my point of view one can say that mining does not have any benefits for the customers.
Here you kann see how the price per GH/s reduces 10.5 in 7 Months:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The earning through mining (for example with 100GH/s) is about 0.0003 BTC in 5,5h, Maintenance included, 0,2% Fee not.
I will test the Cloud Mining of CEX.IO some days more, but it looks like a useless invest.

I think with this low earnings the Mining-ROI will never fund the loss of the invest for the GH/s.
And Difficulty increases two times a month and then you have to reinvest in GH/s to get the same earnings like before.
Maybe a good ROI is possible with "daymining" with very high investments > 5TH/s.
But the risk compared with the possible benefit ...

Sorry, currently i´m not convinced.

Hello,
I'm looking for someone so kind to send me CSV of historical prices (ghash in btc) on CEX...
Also do you have any idea about past changes in maintenance costs? Is anybody logging this?
Thank you very much, please PM me..
carlos

I don't have a CSV for historical GHS price, but you can check on https://bitcoinwisdom.com/markets/cexio/ghsbtc for the GHS price since Jan 2014.

no block found on ghash.io for over a day, defies probability or just bad luck?

and that happened last when?

thank you.  ;)

I am thinking I should have found this forum before trying to trade on cex. Would have saved myself from a "lost deposit".

After rising up bitcoin price the mining of cex.io started again or not ?

1. verification is a nightmare I had to hold my debit card in my hand close to my face and somehow take an antishake screenshot with me iphone.. not easy on my own

2. fiat withdrawal is so sloooooow ive been waiting now over 6 days (sepa) to see money in my account and i live in the same god damn country as them

those are the only issues i have with cexio i will now abandon their services and use stamp they've never mucked me around on fiat withdrawal i only have to wait 3 days max and sometimes its filled on the same day using sepa even on weekends

this is unacceptable your anti-fraud checks impede my ability to trade its OTT and only do it for your self interests ive never dealt with such gayness in my life even my debit card deposit took over 3 days... no different to bank deposit... when i complained about the slowness and gayness to card deposits they sped it up after a month...

now debit card deposits are instant and thats what is should be ffs i shouldn't have to complain to get things done thats the last time i use you guys ur just a pain in my ass seriously... speed up the withdrawal process it just gets in my way

its a pain in the ass when you advertise debit card deposits and then it takes over 3 days to buy bitcoin not cool not cool at all but im glad u sped it up now speed up withdrawals its just rediculous if it wasn't for your slowness i would've bought some gold by now...

Hello,
i'm experiencing problem to login to my account.
I have 2FA and after the login i enter the code that i receive by SMS. The problem is that when i press "Continue" nothing happens, the code field just becames empty again.
It doesn't give me any error and it doesn't let me to enter my account.
I contacted the support but they told me that i have to clean my cache, but it doesn't work.
I even use several browsers (Chrome, Firefox...) with different computers...

How can i solve?

Most of us have forgotten cex.io , but for what you know...
Can I receive the priv key of my coins previously stored on cex.io?

Because maybe I can use for cashing out some clam coins... anyone has ever tried?
Or there is a solution to cashout :D those coins?

Hello everyone,

i would like to warn everyone about cex.io practices.I have a Tier 1 verified account with Cex.io and i have recently deposit ether in order to sell it for bitcoins.I send my funds from Gdax to cex.io and make the conversion.After that i request withdraw for my bitcoin amount.They are refusing to send me my bitcoins because the want them to tell them the following:   

Compliance Team (CEX.IO)

Jul 10, 11:51 BST

Dear XXXX,

In order to complete the procedure, I kindly ask you to tell us what is the origin of the funds you use for crypto trading? How and when you obtained these funds exactly? Please add a bank statement in PDF format to support your words.

Also I kindly ask you to clarify what is your planned turnover on our exchange, what is your main trade scenario and what funds will be used for trading.

We are looking forward to hearing from you soon.

Best regards,
Compliance Team


I have screenshots that proves my complain,i don't know how to post them.

Please don't deposit to them if you want your money back.We must counter attack these kind of tactics in order to not have them in the future.

That's why I eventually gave up on them for money withdrawal besides the sky high fee on kraken for countries in Europe that are not in the EU.

Cex.io has become obsolete lately since they're not selling hashes due to cloud mining being unprofitable and their mining pool closed...

They are really focused on AML/KYC policy to make sure there is no fraudulent activity or something like that.

I am sorry man,but this isn't AML/KYC procedure.My fund amount is way to low for something suspicious,only 0.13 bitcoins.They send me an email after i have spam my issue in every forum i can.This is not fiat money,it is cryptocurrency and hasn't any restrictions from any requlation or country.They just keep my bitcoins without any reason.I have send them the documents that they wanted.They are extremely slow and unreliable.Why they don't have a phone number in order to contact with them or why they don't call me in order to solve my problem.They are totally useless,maybe there is only one man company.I am 1000% confident that i can have a better service alone in my house than them.

I'm having a hard time withdrawing funds as well!  Sent multiple emails but I still haven't gotten a response to yet! 

This is odd, thats not enough to set of the AML questions you just received. You would need 2500 USD equiv daily withdrawal trafic, or a net account balance of 10k or over, as far as US reporting requirements. They are essentially the same as a bank in this. Dont answer this out loud, but consider if you have had legal trouble connect to finance, or have had your identity compromised in a way in the past that might make a blip on your credit/financial history. otherwise, yes, they are probably jerking you around a bit, and you WILL comply before they release these funds.

you might not like the taste of it, and i understand, but your easiest recourse will be to reply to the inquiry.

Yes shit became real. Another (baby) gox incoming;
https://www.reddit.com/r/Bitcoin/comments/6o3and/is_cex_doing_a_gox_withdrawals_are_not_processing/

They are probably in trouble with the regulators because of the money launderers and that's why they ask everyone the origin of their coins. This type of business model can't last long. Maybe in the world of FIAT, but not in the world of crypto.

Another one went into the trash can. Next!

hello support@CEX.IO

In respect to the mail i sent you some day back regarding someone trying to login my account without my authorization and i got this email as a responce from you.

 Brian K (CEX.IO)

Jul 30, 02:33 BST

Dear ...........

We had to deactivate your account for security reasons. To verify your identity, we kindly ask you to provide the following information:

Username
Email
CEX.IO BTC wallet address
Account BTC balance (As accurate as possible)
GHS balance on the account (As accurate as possible)
Account creation date (you may find it in the registration email from cex.io)
Latest trading transactions
Geographic location / IP address (Current address/location)
IP address of last successful login:(You may find this in your email)

A photo of a government-issued identification. Examples include a Driver's License, Passport or National ID Card.
A photo of you holding a government-issued identification.

Best Regards
Brian
Support Team.

I kinda have some problems here now.
1) CEX.IO BTC wallet address (i dont have my CEX wallet address)
2) Account BTC balance (i cant even remember)
3) GHS balance on the account (i dont have the GHS balance)
4) Account creation date (i cant remember the creation date)
5) IP address of last successful login (i dont have it)
is there nothing else i can do to get my account reactivated?

THANKS

Is this thread active at all? I have made a complaint/request for the past 8days now but still with No reply or comment from the dev or any other person managing the thread, if the is another CEX.IO official ANN thread please I will be very glad if someone can help me with it.
THANKS ANS BEST REGARDS.

In exchange category on this forum, try here: https://bitcointalk.org/index.php?topic=318010.2460
I got some fast answers from (i think) official CEX.IO forum account.

I have been using CEX.io for over a month now.

My verification (at all levels) was super smooth - done and dusted in a matter of minutes. No trouble depositing fiat  currencies [I used an international credit card to deposit USD/EUR/GBP] or cryptocurrency, and none while withdrawing BTC/ETH into my personal Wallet [I use Exodus] either.

I am yet to attempt withdrawing cash back to my bank or card, though.

That said, their email support can be a pain. Take an eternity to reply and, sometimes, don't bother! Their Twitter account, however, has replied to my tweets promptly.

All in all, seems fine - serves my purpose. I needed an exchange that allowed funds deposit via credit/debit - unlike Kraken, Poloniex, BitFinex, etc.

I have test order for withdrawal 240 usd to my local bank card in USD currency (Russian bank).

on 4th day money comes.

god dammit, does this site's customer service department just have one employee?? or they are just too lazy to care about customers emails? 96 hours of "Your patience on this matter is greatly appreciated." I am going nuts, does this company run by pigs who can't type on keyboards properly? never have I ever seen a fucking horrible shit-hole support, are you a fucking scam CEX.io? give back my fucking money! >:( >:( >:( >:(

they don't give a fuck
I deposited BCH and my transfer is still in pending status, I did it on 25th of October, more than two weeks passed, the only answers I get is about my patience, nothing more.
I wonder what can be done, they have address on their page, maybe visit them and beat the shit out from someone I don't know?

I fully support the author of the previous post.
It is better not to deal with them! My 15 BTH were stuck there since November 2, as I made a deposit. And every time I get the same answer "The compliance officer in charge will look into this matter and get back to you soon.Your patience will be highly appreciated." But this issue can be resolved in 5 minutes. Maybe a class action lawsuit needs to be filed against them?
These are our coins!!!

Dear users, we are sorry about your experience. Could you write here or PM us you tickets numbers, we will investigate the situation and try to help you with your case. Thank you in advance.

CEX.io support is not responding my tickets.

This is the transaction of my withdrawal, it has been 72 hours and it is not confirmed yet,

You know why, because they use only 8 satoshis per bytes. Transaction is in below. Are you kidding ?

https://blockchain.info/tx/ae2281f9f28f1e47e67a9adbea50d00fb435a02a79c89f4649386b3b5f3fb5d5


Think twice when you send btc to this site.

Honestly it seems that all exchanges have absolutely terrible support. I used CEX long ago to deposit some money to buy bitcoins and everything worked just fine, I'm wondering if someone has tried to withdraw cash recently. Any insights on that?

I have been wandering around the net and finally see this comment.

Similar case here. I have tried to withdraw my btc from cex.io and waited for > 48 hours. What even worse is that the transaction is not visible in most of the btc block chain explorers I googled, even though I got a tx id from Cex.io.

sigh...

I have used several address within them, and in some I am pretty sure I can receive some clamcoin or other coins airdropped/forked.
there is the possibility to receive from them the private key of a token?

I made deposit bank transfer 29 november from my country , but in my cex account still i have 0 balance , my bank said that transfer already succsess and money is already on there deposit whats happaning do u have any ideas?

If you try to deposit or withdrawal use localbitcoin or bitcoin.de i dont not more trust exchangers...

Now there is another transaction with low fees. It has been 6 hours and no confirmation for my transaction. INCREASE YOUR FEES or quit the job..

CEX.io is taking 0.001 BTC for each transaction, but they pay lower for transactions.

Unfortunately, we must acknowledge that CEX stole our money. It's time to send a lawsuit against CEX. I will create a list of CEX debts and pass it to a law office in the UK. It is very important to publicize the CEX case in the social media so that other users do not lose their money. Personally, I will collect materials and send them to several large traditional media, I have personal contact with the Polish biggest newspaper and radio station. We are looking for people from Ukraine who will coordinate a court case in Ukraine against the Ukrainian company CEX and personally against its CEO Oleksandr Lutskevych, and someone from the UK who has contacts in local media and will want to set up a CEX case on our behalf. You have to organize and run a procedure to cut off this company from our money. Please send the following data to the email address: cexscam@cryptoanalyzer.info
1. Name and Surname
2. Date and amount of the deposit / withdrawal
3. cex account ID, deposit / withdrawal method
4. Please attach screenshots with a visible CEX account ID number and the amount of the deposit that has not been credited to the cex account or a visible withdrawal from the CEX account that has not been credited to your bank account (Payments tab).
The data will be used only to start a lawsuit in the UK and Ukraine, and to block their accounts in Poland and Germany which I noted during correspondence with other users.


I will also write to the reddit administration, bitcointalk, trustpilot and several smaller websites for a warning on the main page in the CEX case and link to this post.

The main topic CEX SCAM: https://bitcointalk.org/index.php?topic=2797855.msg28603647#msg28603647
TELEGRAM CHANNEL: https://t.me/joinchat/AAAAAEYg2eIeIvLiWdTwGQ
Facebook group: https://www.facebook.com/groups/142148616441271/?notif_id=1516392798070901&notif_t=group_r2j_approved

yes it sounds good that someone will do that, but it also seems suspicious to me, nevermind.
And if this guy is in Ukraine I can go there and beat the shit out him, if it helps

mettalmag
Thank you, this shitty Vitalij is probably in London. Who lives near London and can go to their office to talk about our money?
2nd, 1-5 Clerkenwell Road, London EC1M 5PA, United Kingdom

Is the issue still actual? If it is still ongoing, could you please tell us your user ID or ticket number so that we could assist?

Hİ Cex.io

Identity verification Confirmed
userıd up115149936


I have made 25 January of the month 2 different shooting operations have not reached the banking yet, but a situation of normal 3 business day is not over yet.
But one of the 2 shoots I made today is in the payout table and the 2nd shot is lost.

2018-01-29 15:08:08   -2000.00 USD   1025.37    WITHDRAW   -   Credit card: XXXX-XXXX-XXXX-2794 Completed
THIS IS LOST...

what can you do about it?

As we can see, your issue was resolved. Please confirm that you have received money.

edit : 01/02/2018

all of my outstanding transactions have been made with the current bank account as of today, but the time varies between 7 bank days and 3 bank days.


all my money bank account at the end.






2018-01-25 20:36:36   -1047.00 USD       WITHDRAW   -   Credit card: XXXX-XXXX-XXXX-2794 Completed
2018-01-25 07:17:29   -1953.00 USD       WITHDRAW   -   Credit card: XXXX-XXXX-XXXX-2794 Completed


The above two transactions were 6 bank days, and the bank did not get money . 8 days in total.



2018-01-29 15:10:30   -1000.00 USD       WITHDRAW   -   Credit card: XXXX-XXXX-XXXX-2794 Completed Transaction ID  5544855713
2018-01-29 15:08:08   -2000.00 USD       WITHDRAW   -   Credit card: XXXX-XXXX-XXXX-2794 Completed  Transaction ID is mıssıng!!!

One of the above two transactions, the $ 2,000 withdrawal, is not in the payment table and even the transaction number is lost.

Hi guys, anyone got back their clamcoins, stored in our accounts on cex.io?
Mine olds accounts have clamcoins inside... they haven't claimed (16 clamcoin 0.00818192 btc today value)....
Any idea? If you multiply this number for the whole number of account they manage, this could me an enormous amount of money.
After a lot of complaint, some scam on their platform, big fees on transaction and just on deposit or mining, I think this could be the minimum they could do for btc community.
Anyone remember the old past with 51% hash power?
https://www.coindesk.com/cex-io-response-fears-of-51-attack-spread/

is this site online or down ?

it says 403 forbidden in their main page..

Dear petahashminer,
Thank you for your post and sorry for the delayed reply.

Please be informed that the maintenance was held lately. We apologize for the inconvenience caused by the maintenance.
Now we are working properly.
Each maintenance is aimed to improve our performance.
CEX.IO is in a process of constant development and the hotfix is always right on its way.

You may always check the real-time updates on the platform functioning on our Status Page: https://cexio.statuspage.io/

Thank you for understanding in advance.