Bitcoin Forum

i've been using CEX.IO for some time now but all for trading! even trading GHS but i wanted to know if it is profitable to buy GHS and let it mine.
i would be so thankful if you share your own experience with me like how much GHS did you buy and how much did it mine for you

No, i think not profitable to mining there, because fees is too much.
for now, only trading GHS is worth.

what fees? do you mean maintenance fee or trading fee?

I mean maintenance fee :P
i heard about they will re-built their miner and will decrease maintenance fee, but i don't know when they will implementation.

There are now better options out there than CEX in cloud mining world. Try them...

not worth it, you will end up losing money or gaining very few cent, useless

cex.io is legitimate, unlike several of the other mining companines which may be risky. It is also one of those where you are bound to lose money so no reason to invest in.

The maintenance fee is indeed very big....

Mining is never profitable for the end customers.

I've used them for mining, but now I trade there. Works well for me.

There are many cloud mining companies coming out suddenly this year! I think the operators earn a lot from selling this mining contracts.

If you're going to be using cex just for mining I wouldn't recommend it.

So basically what they are selling is close to worthless but trading it to unsuspecting victims is profitable, sounds very legit indeed ::)

i tried mining at CEX.IO recently. i bout GHS when the price went down but the maintanace fee was more than what i would earn from it so i sold it at higher price for GHS which at least i got some profit out of it

i looked about cloud mining and CEX.IO too .... its strange to see the price falling on CEX.IO after a buy ... or not really strange ^^
After few calculations  if i invest 1 btc on CEX.IO  i will get back my btc after 3000 days .... so no thanks !

I'm using Hashprofit and the ROI isn't there 3000 days. ;-) You could also try it for free for a week.

 Are you kidding?? I was looking at the hashprofit too, but the prices are mad high... 0.97199 BTC for 1Mh/s (1000Kh/s)?? that's insane.. It's the highest i've seen on the cloud mining market

only for mining is not a good idea. But if you have skills and luck you can made profit by trading Ghs and other currencies..

They arent mining Bitcoin so you can't compare the hashrate. I have 1409 khs and got 0,01 btc a day.

cex.io is one of the few which are proven to be reliable. That is not so useful as their maintenance costs are high and likely will never turn a profit.

i have started using cex a few days ago, just to try how it is to cloudmine. their fees are pretty steep.
good thing is you are merge mining some other coins that you can sell for BTC

I don't see how you can turn a profit apart from trading with 0.107$/GHS/month and GHS at 0.0016.

I used to have some Gh/s there but I never made anything. They keep taking a "maintenance fee" that would sometimes be more than what I earned so my account would go down!... LOL I would login and see -0.0004056  :(


Not worth your time or money.  ;)

It is still hard to understand how people pay 0.0016 to have a negative income. Sell!

+1


i think that is the only way.
for mining at cex.io you will get btc and some altcoins. but that is realy not a profit. after maintenance fee you will have around +/- 0.
it is more a way to have a continual income.
that you can use for trading, to generate some profit.

can i ask how much GHS did you have?

You say you will get around 0 then you say you will have a continual income. It's contradictory.
I think cex.io gives you a small profit in average, 3 to 5 times less than other cloudmining services.

yes, you're right. my mistake. I have expressed myself incomprehensible.

when you buy ghs, these generate an income which is very low.
profit you make only from the date on which you get back your spending on the ghs. that can happen after an indeterminate time. but it is not sure! the maintenance fee may also exceed this income. (and even then you get an income! but from which nothing will remain, due to the maintenance cost. in the best case it results around 0)
There is a lot of speculation as to whether you get your investment back and how the company calculates its cost.
Also note the difficulty and blockreward.

You say "I think cex.io gives you a small profit in average, 3 to 5 times less than other cloud mining services."
for today and tomorrow, I agree with that. but how is it in 3-6 months?
You'll then also be able to say so?

note:
at cex.io you can also join a pool of your own mining hardware. then calculated the company no maintenance fee for you. but I do not know if that's profitable. other cost factors are then crucial...