Bitcoin Forum

Is  it worth it to invest in CEX.IO? I have about 1GHS and I don't know If I should continue or nor. What's your experience with CEX.IO?

Depend what do you understand my "worth it " :)

If you have some free coins, yep - it's better your coins to do something for you instead of collecting dust.

And nowadays 1GHs is nothing... check http://www.coinwarz.com/ (http://www.coinwarz.com/) and make yourself some calculations by cex.io GHs price, your coins and so on.

Just keep buying more GHs with the BTC you are earning.. easy way to grow your GHs, but slow if you do not start with much GHs

and later on you can always resell your Ghs for BTC or cash

But usually the price of GHs is dropping when the diff is increased.
So it's not 100% profit situation. You could even be on the minus side.

The price is lowering down faster than the amount of coins that can be mine. CEX.io ghs is overprice. The only way you can profit is by selling hoping someone with poorer math than you will buy it.

So is it really working, buying some gh/s, then with earned BTC keep buying more ?
How much i need to invest to keep up with difficulty jumps and get profit ?

Cex.io hashrate is terribly overpriced. You can check their own mining calculator to see it. cex.io/calc
The maintenance fee is also very high, at $0.26 per GHS per month. cex.io/maintenance

CEX.IO is overpriced, and people mostly just by GH/s and sell them. I think you should look into their chatroom and see for yourself.

It is near impossible to ROI, the price per GHs have dropped from 0.1 to 0.007 within 1 year, you would need much more time to ROI. Also, their maintenance fees are very high, the difficulty is also rising quickly, you cannot predict how high it can rise. It is rising faster than your earnings.

In my opinion with Gh/s losing value so fast. Its a risky investment buying Gh/s on cex.io. I have found you can make decently money reselling gh/s vouchers from there though. I wrote how I do this on my blog if your interested - http://freebitcoinsinstantly.blogspot.com/p/bitcoin.html

lol no, it started out at like 0.4 BTC.  Went down to 0.15 - 0.2 BTC in the first few days.  But currently the price is a bit too high IMO to buy, I bought at 0.0073 BTC, mined for a while, and then sold at 0.0075 BC.  Oh boy, made a huge profit, I bought a couple hundred GHS. :)

cex.io and ghash.io are really well designed sites and services, no wonder they have majority of market
people are scared, thats fine by me

Oh, forgot to mention, mining Bitcoins really aren't that profitable anymore if you don't have TH/s. Mining in Alt-Coins are more profitable, and, a cheaper cost.

The risk is that they are so scared that bitcoin is at risk of losing its value proposition as a decentralized crypto currency and so loses its value relative to fiat currencies like the US dollar.

Unlike you I can't see the big advantage of cex and ghash, what is it about them that you find so appealing?  There is obviously something there, is it just the ability to trade hashing power?

Good Luck!

Coming from experience, I think it's the ability to trade the hashes. You CAN make money off the trading rather than the mining.

I've got about 1.5 GH/s there, just for a side-income sort of thing, not super profitable without trading hashes, but it does make some BTC, even with the maintenance fee. Heck, the fee varies. Normally (At 1.5 GH/s) I get about 93 satoshis, 87 after the "fee".

Side note: It's like ".5"s are a magical number, cause the fees are the same as when I mined with 1 GH/s.

Anyways,

I also think people appreciate being able to pay $3 for a GH/s as opposed to $50 for 10 GH/s (You do the math), and sell that hash instantly without having to sell the entire piece of equipment.

BUT

I think that the statement that the fear "It's going to become centralized" is somewhat unjustified, I can only see that happening if a 51% attack occurred.

Speaking of a 51% attack, STOP TALKING ABOUT IT. The hash rate is FAR LOWER now. It's LESS THAN 38%. So PLEASE stop talking about it like it's still imminent and GHash.io is bordering on 50%.
It seems pretty fair that everyone is worried, but it needs to be checked instead of everyone sitting there and thinking it's at 49%.

TL;DR: People like cex.io and GHash because of 0% fees and ability to sell stuff.

I would also like to bring up the fact that GHash.io might soon have the ability to conduct a 51% attack.  Which may be the end for bitcoin, but hopefully they'll spread their mining power out to other pools.

@Yakamoto, 1.5 GHS is not enough experience :P

Well, if you actually leave it there for a year, the price should drop. Then, it shouldn't be able to ROI.

cex.io best at cloudmining even though it has a higher price you can sell your ghs at any time (those 1 year contract from other cloudmining sites seems a very stupid idea for me). And it also mines NMC, DVC, IXC

1) The price may be decreasing at a fast rate anytime soon, depending on the rate of difficulty increase
2) You don't earn too much from those merged mining
3) The maintenance fees are very high.

The GH/s on cex are not priced efficiently

Their maintenance fee $0.26/Gh is what makes mining there unprofitable, your better off hoarding

mining is not profitable (wich service or miner is?). But mining+trading it is

You cannot be certain about how the price will rise and drop. There is still risk involved.

You cannot be certain about how the price of bitcoin will be. Even if you buy and hold only you cannot knot how it will evolve. So risk is involved in any case.

No point have 1 GHs that wont make you much, if you are willing to risk btc, buy 100 and mine and sell and re buy and repeat at the right moments.

Im happy with the 23.25 Gh;s I have there, the maintenance fees are a tad high but other than that I enjoy watching the mining profits roll in when I help solve blocks  8) 8)

No, CEX.IO is not profitable if you're going to invest chump change into it. They have a high maintenance fee, and not to mention the prices of gigahashes there are very high. I wouldn't recommend doing this.

The good thing about cex.io is that you can trade your hashrate at any time you want.
The bad thing is that the maintenance fee is very high (~35% at the current difficulty and bitcoin price).

If the price per GH suddenly drop, you would lose a lot, this might be something you want to consider about. The difficulty rises to fast and the price per GHS is too high.