Bitcoin Forum

Did you guys bought cex.io futures? FHA or FHM?

For today GHs price is 0.0078 - it's less than Futures prices were week ago (0.008).
What do you think about it?

It has more to do with outside competition like hardware, and cloud mining sellers discounting than it does with the futures price. People are getting wise to the long term costs and profitability of mining, and the bitcoin price has been very disappointing the last few months.

I think we will continue to see prices for mining (equipment/cloud) dropping and the difficulty increasing much less rapidly over the next couple of months after people get their pre-ordered hardware and order a lot less.

I don't think people will be investing a lot in mining until the bitcoin price rises very significantly again - maybe later this year when Wall Street gets involved?

I spent almost all of my small BTC-savings for the buy of FHM for 283.6 GHS/0.00369 on cex.io. I hope (fingers crossed) that this won't be such a bloodbath like for the sad investors of FHA. Has anyone of you fellow miners ever get the opportunity of "redeem hardware" on this site ? I could have some access on somehow dirt cheap electricity here so it would be a good change compared to the extremly high fees demand by cex.io which is near to robbery in my oppinion

What do future shares grant you that today's don't?
Do you get a 20 percent buttrape fee instead of a 29 percent, or whatever it is?

seriously, I suspect you to have never been invested in cex-assets i guess. I'm calling myself happy to sell minutes before a so called major drop in value. Mostly because of holiday/family-reasons...

That's interesting idea. Good luck!
But I think it would take a very long time. And bitcoin mining profit reduces every day... My wishes to you to break even :)

thank you very much Sir. I ask myself wether the mentioned Raspberry PI controller is included in the redeem-hardware offer (which is a least 40 euro-pesetas and more here in germania) or not, but will report this.

As I remember - yes. They must include raspberryPi because it has miner soft installed.

Ok. I will accept their redeem-hardware option for a "Hoverboard II" because i have the opportunity to get free electricity @ my work. This should do the trick however ;)

I would stay far way from cex.io

Only if you can afford to dump a whole lot for a few days of stability methinks and make some little coin. But it's a safer move just to hold onto said btc.

I don't use cex.io at all, but with the introduction of futures, people should have a better expectation of GHS price movement in near future.

Ehh, it would be very interesting to hear someone who use cex.io :)

Prices are continually decreasing since the mining gear prices are also falling.  But people say there maintenance fees are 20-30%. Not sure it's profitable at the moment.

If you think the prices can't go any lower, or they will slightly decrease in time you could diversify your portfolio and get some.

But for the price of FHM I can get Antminer an mining in a few days.

It is in fact at 29.67% now. http://cex.io/maintenance
And it will keep rising when the hashrate price drops.

The fee is really high but in your opinion do people make profit with cex.io? what hash rate should i buy to make profit? Profit i mean with selling hash to someone else in a month or so.

IMHO, nope.
The FHM is priced at 0.0041 now, and GHS price (at 0.0080 now) should move towards it and eventually reach it in a month.

Can someone give details of the FHM contract ?

We re at 00:37 GMT now and FHA are due since 00:00.

If we were not goxxed (cexxed?) hashing power for FHA must be compensated lately, after the
"FHA, FHM conversion to GHS may take up to 24 hours, depending on the volume of futures."

https://support.cex.io/hc/en-us/articles/201833113

As time passes mining is getting less and less profitable, don't know if there is a solution to stop this.

Raise demand for btc purchases.

We now have a whole different mining scene, where large companies dominate the network.

Ita my assumption these companies uave large setup costs and weekly expenses and they are not holding btc like minera did before, they are selling into the market daily to recoop costa while btc prices are higher than costs.

Maybe once costs are covered we may see a big hold again.

When mining become non-profitable for some not-so-efficient equipments, miners would unplug them and difficulty will go down. :)

Just like it did when all the cpu's turned off.... then again when all the gpu's turned off..... oh and then again when all the 130nm usb miners got turned off.

Yip big drop coming soon guys......

But the current ASICs are already in 28nm, do you expect the efficient can improve as fast as before?

Mining will not be such profitable very soon, I think. Electricity costs stays the same while Ghash profitability reduces.

Anyone tried mining x13

What are talking about?

I have completely no idea.

Edit: Looks like it is a algo for altcoins (something "improved" from x11, https://bitcointalk.org/index.php?topic=570744.0)

How do I actually buy the fhm?

Edit...

Fhm/btc was staring me right in the face

Its just keeps going down :((

Hm, it really goes.
So what ideas? Is it worth to invest? :)

Day trade :)