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Other => Off-topic => Topic started by: Remember remember the 5th of November on November 06, 2013, 09:10:21 PM



Title: So I bought some of them cloud mining GH/s
Post by: Remember remember the 5th of November on November 06, 2013, 09:10:21 PM
And to be honest I was blinded that I wanted to invest heavily in CEX.io, to the point where I was thinking of requesting a 12BTC loan here to buy at least 100gh/s more of mining power, then I saw on their forums a guy asking what happens with their hashing power if the site shuts down and my ideas got crushed.

I mean imagine me having to return a 12btc loan, and all of a sudden my 100-150gh/s go poof?


Title: Re: So I bought some of them cloud mining GH/s
Post by: Sythyn on November 07, 2013, 12:15:20 AM
And to be honest I was blinded that I wanted to invest heavily in CEX.io, to the point where I was thinking of requesting a 12BTC loan here to buy at least 100gh/s more of mining power, then I saw on their forums a guy asking what happens with their hashing power if the site shuts down and my ideas got crushed.

I mean imagine me having to return a 12btc loan, and all of a sudden my 100-150gh/s go poof?

Well, if the site got shuts down, most likely you will lost all your hash. Maybe cex will do some reimburse or private hash?


Title: Re: So I bought some of them cloud mining GH/s
Post by: Remember remember the 5th of November on November 07, 2013, 12:53:12 AM
Well you won't earn them back that way with or without the hashpower..
Why?


Title: Re: So I bought some of them cloud mining GH/s
Post by: SquallLeonhart on November 07, 2013, 01:20:53 AM
Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...


Title: Re: So I bought some of them cloud mining GH/s
Post by: Remember remember the 5th of November on November 07, 2013, 01:34:44 AM
Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...
Just a bit, yes. If it's down to 0.08 and less, I think it's a bang for the buck type of deal, but there are fees per gh/s per hour too.


Title: Re: So I bought some of them cloud mining GH/s
Post by: Zawamiya on November 07, 2013, 01:45:03 AM
Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...
Just a bit, yes. If it's down to 0.08 and less, I think it's a bang for the buck type of deal, but there are fees per gh/s per hour too.

It should be around 0.04 based on 30% difficulty increment..