Bitcoin Forum

highly recommended if you guys if I have 1BTCcapital and GHS in cex.io I buy?

month whether I will gain? at least get 0.1BTC more?
or are there any other suggestions? but do pbmining I do not like the contract, as if in cex.io if I need to sell GHS back

do not invest what you can't afford to lose.

@Lohoris

May you please explain me how you have that personalized bitcoin address?

Sorry for the offtopic

you will lose if ghs price falls very hard and difficulty is rising fast  :(

look in here https://bitcointalk.org/index.php?topic=25804.0

Cex.io has high rates which makes it harder to get a ROI,
however PBMining might as well be a ponzi just waiting
for the right time to run with money. Cloud mining at this
point in time is not recommended.

it is also true that I fear.
whether prices follow the price of bitcoin GHS?

What is ROI?

I had been mined in pbmining but it used to be, and now I am lazy play there especially with the contract system at any later time a

cex.io will lose you a lot of money, prices go down almost every few days and you will lose it all! don't do it! i had a few btc on there and it went down one day by 60% because they added futures! cex.io = not trusted and liars.

I have made the mistake of buying a huge amount of GH/s on CEX.Io at high prices (0.008 BTC / GHS)
Their maintenance fees are on the higher side, which eat into your returns. When i invested, having 100 GH/s was a great thing, but these days, a minimum of 1 TH/s (or more) is required to see some sort of return due to difficulty increases. Now i am stuck with a 100 GH/s. It's not that i am not making money on there, its just that my capital is stuck until i can reach a reasonable return. Once i reach that target return, i will remove my investment by selling all my GH/s at a much lower price than what i got them. I would just about break even.

Just not worth it is my humble opinion.

IMO, you will lose a significant proportion of your bitcoin.

For your information, the GHS price is 0.00378 now, but it was 0.0049 a month ago and 0.0077 2 months ago. :)
https://bitcoinwisdom.com/markets/cexio/ghsbtc

Yup, the mining revenue after fees you can get from your hashrate is very likely to be smaller than the drop in GHS price.

Don't invest in CEX.IO. I invested in  it and lost btc after the price went down grately. Sell gh/s for as much as possible and withdraw your btc.

Do your maths, Cloud mining is a waste of money.  :-\

Definitely not profitable. The price per GH will drop which will cause you to lose money when you sell it and the difficulty will rise too fast till you cannot make a profit. The maintenance fees and the price per GH is too high.

what reality really so? I heard from other people's opinions no good.
but cex.io is good in terms of security is very safe

thanks for the advice I will accommodate, perhaps jiga many do not suggest I would invest into another

You can set 2FA on cex.io, and so your bitcoin there should be pretty safe from hacker.
But, the hashrate price will keep dropping and so you will lose bitcoin.

2FA is now available for most cloud-mining platforms and is no longer a good-to-have. It is now essential for crypto companies to have 2FA for their customers. A case in point was the STR scam that was perpetrated recently which has literally brought STR to its knees. I lost 10K STR myself to a hacker (still think it was an insider job!). I trust CEX.io and have my DRK safely locked away in my CEX.io wallet as i am very paranoid about local wallets. On the positive side, you get to merge-mine other coins which can be exchanged for BTC on CEX itself (especially since they now have many trading platforms), on the negative side as mentioned above, you will lose money on GHS as difficulty rises. Whatever you decide to do, best of luck!

I mean open a security account from hackers, but safe air-investment and not a scammer.

because cex.io including the largest

Mining on cex.io is a gamble. It could crash and you will never get roi or you could mine alot of resell for a big profit. You choose!

It doesn't worth it to mine, and cex.io price is way too high.

what is roi? sorry I am still a newbie :)

yes I was going to try the first month if its profit at 0.1 would I stop and sell GHS back. because in the next month will definitely lose: D
hit-and-run system that might be good haha

yes pbmining still cheap compared to there
but of different features. and I do not like playing in pbmining because the contract system, and I do not know what will happen in the future

I wouldn't go for pbmining even if it is cheaper, it just feel safer to buy on cex.io. But both are not profitable anyway so buy BTC is still better..

ROI stands for "Return on investment" http://en.wikipedia.org/wiki/Return_on_investment

In simple words, marcotheminer's post means you can win or you can lose on cex.io. :)

There is still risk of it getting hacked by hackers. Even though they may be trusted, if they ever gets hacked or goes down, you would not be able to get your money back. Localwallet is much safer since you have full control of your private key and if you take safety precautions, you should be able to secure it better than Cex.io does.

That's right my friends also experienced the same thing as you lose a lot of STR, probably because the system is weak because so many users are making id str so in stead right by irresponsible elements (hackers).

but fortunately I've never been exposed to hackers, because I used to live in justcoin and directly send to the exchange to btc :)

RoI is return on investment, the amount of bitcoins you will get in return for your initial purchase.

A high RoI is good, a low one is bad.

May I suggest to get out of there with all your BTC? You know, I was a miner there, cloud-mining was an effective solution for those who don't have energy, power or the tools to make the mining but I lost almost 1.3 BTC becuase I didn't realize that every day I was losing 0.4% of my money. How? Because everyday the hashrate difficulty increase and if you want an example look your ROI in 7 months. You won't mine NOTHING and that is because the need to everyday increase your power at 1% if you want profits.

If you want my opinion, invest in somthing else but CEX.IO and its actual business standar will make you lose.

Well the maintenance fees are damned high. I have some GHS and the BTC i get, are absorbed by the fees.

PBmining is a option, but it seems to be a ponzi scheme, and might be gone in a day.

CEX.IO can at least show, some mining is being done. So they cannot compete with a ponzi return. But while new people invest in PBmining, the ponzi will pay back handsomely, because they paying others, with what is coming in.  :o

I've heard from a lot of people that PBmining is better but that 5 year contract, just doesn't get me.

Cex.io has a high price and high maintenance fee, but the good thing is they can show us they are actually mining bitcoin.

For the others, it is not quite the same.
Lunamine ran away last week, TimeToBit turned scam a few days ago. Who knows what the next one is?

ANyone here still owns cex.io mining shares? I want to double your mining revenue if you borrow me your shares for 2 months.

I do, whats your offer? Pm please

hashnest is offering cheaper price per gh/s then cex.io. The problem is, both are not profitable..

This advice is probably the most overlooked advice, and so important.

Just regard those words, before making any commitment to anything. All I can say is do your own "homework", and verify peoples advice etc.

Reality check.
Step 1
go to https://bitcoinwisdom.com/bitcoin/difficulty

Step 2
Fill out the next estimated difficulty in the right side calculator as so:
https://i.imgur.com/42aVpLM.png

Step 3
Note that expected mining revenue is $0.175 per month.  Cex.io maintenance fees are $0.18 per month (https://cex.io/maintenance).

Step 4
Let it sink in, about a week from now, your cex.io shares are most likely worth ZERO.

CEX.io is a losing proposition. I am losing like crazy. Highly recommend that you avoid cloud mining at all costs. Now with BTC dropping, its an even bigger maintenance charge (cex charges maintenance in $). Heck, it would be even cheaper to rent some miners on betarigs instead.

Today's price drop in bitcoin makes a big difference to the mining profitability.
But even at current difficulty and a $500 price (it is right now below $400), 1 GH/s can only bring you $0.25 a month, which means cex.io was charging you 72% fee. :D

If you have a PB mining contract, there's two ways to transfer. Either start out with info that you will release to the next person, including an email account. That way you can transfer everything. Or you can go to the PB mining site, and contact them for details of just transferring one contract, I think someone here said it was possible.

send your 1 bitcoin's 75% to someone you don't know.
so you'll hold still 0.25 btc

this is probably more  profitable than buying ghs on cex.io on long term.

DO NOT invest into cex.io fees are insanely high and the profit is... lower than low. I lost about 0.3 btc because of cex.io.

And I still have no idea why someone will buy 1 GH/s for 0.0029 btc on cex.io now, in which he has to pay 80%+ of his mining revenue as maintenance fee.

The fee % was high, but it has never been that high, but it seems people there don't care at all...