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Title: ... Post by: turtlehurricane on May 15, 2014, 01:51:15 AM ...
Title: Re: Cex.io: the largest Bitcoin cloud mining service, not a profitable investment Post by: odolvlobo on May 15, 2014, 04:03:17 AM Quote Because cex.io is able to sell GH/s for more BTC than it will ever mine, they don’t have to have any mining capacity at all. They can simply pay mining revenue out of the initial payment and keep the difference as profit. Title: Re: Cex.io: the largest Bitcoin cloud mining service, not a profitable investment Post by: Ron~Popeil on May 15, 2014, 04:21:11 AM The issue is that the market mentality of the people there drive the price well beyond anything remotely reasonable. I used to buy gh there while waiting for enough to accumulate to trigger an auto pay out. Often I sold them at a small gain in addition to the satoshis they mined. With the fees they have now that it isn't profitable to do even that.
Title: Re: Cex.io: the largest Bitcoin cloud mining service, not a profitable investment Post by: waldox on May 15, 2014, 05:59:04 AM with mining you are basically breaking even generally
your hope is that bitcoins will go up and you are holding the coins |