Bitcoin Forum

Would anyone be interested if I setup a referral sharing system and paid you or had a giveaway if you signed up with my referral link and bought GH/s on CEX.IO?

EDIT: link is https://cex.io/r/0/Howzar/0/ (http://cex.io/r/0/Howzar/0/)

New Edit: As a base cashback I will pay 25% and up to 80% (for large referral signup purchases) of the btc your bonus GH/s mines me daily!

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As soon as you sell off your GH/s I cant pay you anymore as the bonus leaves my account if you sell your GH/s.

if you were talking about creating an account on cex under your reffs and then pay them and then used their bounty to mine in cex

good idea i think both of you will have the benifits :)

Are you interested?

hmmm?? how much is the price for i.e 2gh/s in cex right now? do you think its profitable to mine BTC in its current price?

1 ghs costs around 0.01 right now.
It can be profitable if you trade GHs or buy, mine and sell the additional alts they let you mine. I've gotten some bitcoins, namecoins, and such from this.

According to this user if you buy GHs you will get a ROI in 5 months, but you can resell your GHs. So basically you can take profits at any time.

i see i didnt try cex i do have acc on pb mining but its not profitable today i get a decent amount every sunday but it will take maybe 4 months to give back my investment
i think i will skip mining for now
hope you will get someone who will sign up to your reffs plus i dont have enough BTC right now to buy :)

Depends on what you pay me...

That's why you go with cex instead of pbmining.  You can sell your ghs when you want for mining profit AND full return on your investment.

That's up to you to offer me something. And it would depend on your trading activity and volume.

Bump

I currently own around 150gh/s, already mine with them and just convert to gh/s until I'm ready to cash out. What are you offering?

You can't get full return on your investment because when i was at Cex in November last year it went from 0.07 to 0.04 and you actually lost money.

Prices have stabilized @0.01 right now.

Which means you CAN profit

Were gh/s on cex really up to .07? or did he mean .007?

Yes, they were at 0.07BTC like a few months ago.

How much would you pay for that?
I already have an account but I might still be interested...
I know that you get only 3% from my mining power so you can't give so much back.

It depends on what that bonus mines me!

Well, it mines you 3%, so how much I would get from that 3% in percents  ?

It could range from 10% to 40% if I see that 3% mines enough.

So that would be 0.3% to 1.2% boost to my total mining power...
I will think about that, I will pm you if I'm interested about that.
But I probably wont because I don't trust online wallets etc.

Since it is Cex.IO you can be sure that it is close to 100% safe if you use 2FA and a good password.
Alternatively you COULD trust me with your btc to buy the ghs you want, however this requires more trust than just opening an account (and you wouldn't receive the bonus ghs)

Still open!

It still can get "hacked" or something...

Any could get "hacked" even bitcointalk, reddit, blockchain.info and all your personal information leaked and file lost.

Thats where you take in risk, in cex.io's case the risk is still there but ALOT lower.

That is why I have almost all my coins at paper wallet ;)

Never a bad thing :) but without risk you never have gain.

I took some risk while back and gambled, I made 1.1BTC profit  8)

Now that's a high risk 'investment' hahah

Yeah, but high risk means faster/bigger profit.

Not always. Luck favors the brave when it comes to high risk.

@ Howzar it is better if you just advertise with your referral link in google advertising, so you can get referrals without paying here and there. Here the chances are there are too many less people who just mine using them. So chances for you are low.

Yeah, that is the risk part ;)

I heard cex.io have the most expensive hash ?

I dont think that is the case, it is more expensive than PBmining because you arent fixed to 5 years (WTF!!) of mining and you can resell your GH/s any time you like!

I don't know would other or not but I will!)))
How mush would you pay? If you are going to realise your project

Let's say you buy 100ghs under my link, I will get 3 ghs as a bonus, then I'll see what it makes me and offer you btc in return. The more ghs you buy the more I'll be willing you pay you!

Bump

Profitable ?? You have to explain me because, according to my calculations it is not :

0.01124000*100GH = 1.124807 BTC

date (dd/mm/yy)    days    days added     +diff                       diff   gain in BTC   gain added   FIAT minus electricity   FIAT added
8/4/14                 10.2          10.2          0.00%   6,119,726,089   0.08256544   0.08256544   33                        33
18/4/14                 15          25.2          19.15%   7,291,653,635   0.09966282   0.18222827   39                        72
3/5/14                 15          40.2          20.00%   8,749,984,362   0.07973026   0.26195852   30                        102
18/5/14                 15          55.2          20.00%   10,499,981,234   0.06378421   0.32574273   23                        125
2/6/14                 15          70.2          20.00%   12,599,977,481   0.05102737   0.37677010   17                        143
17/6/14                 15          85.2          20.00%   15,119,972,978   0.04082189   0.41759199   13                        155
2/7/14                 15          100.2       20.00%   18,143,967,573   0.03265751   0.45024951   9                        165
17/7/14                 15          115.2       20.00%   21,772,761,088   0.02612601   0.47637552   6                        171
1/8/14                 15          130.2       20.00%   26,127,313,305   0.02090081   0.49727633   4                        175
16/8/14                 15          145.2       20.00%   31,352,775,966   0.01672065   0.51399697   2                        177
31/8/14                 15          160.2       20.00%   37,623,331,160   0.01337652   0.52737349   1                        177
15/9/14                 15          175.2       20.00%   45,147,997,392   0.01070121   0.53807470   -1                        177

So you spend 1.124 and may get back 0.538 BTC after 5.84 months ?

Do CEX.IO charge fees ? What happen when the price of electricity > gain ??

well, i have some ghs. can i create another account then transfer them over? what will i get?

What you have to understand is that you may sell off your GH/s (maybe at a higher price!) so what it has mined you is profit PLUS any difference when you sold.

You'll have to state how many you have now and what you plan on buying.

Yes they charge a maintenance fee(electricity/hosting/repair), i think it was slightly over 12% of the mining incomes last time i looked at there site, it's probably slightly more now.
Recently they announced there about to charge fees(0,2-0,5%?) when people trade there GH to.

Their site is starting to get greedy. They charge a .2% fee temporary then it will range from .2-.5% based on trade volume. On top of this they are charging about 20% in fees (electric/hosting/etc). It used to be profitable to play as an exchange and look at the mining as interest. However now they charge trading fees and maintenance fees making it very hard to turn a profit at their ridiculous btc/gh rate.

https://cex.io/maintenance

19.68% of mining profit. But that's only if you use their cloud hashing, if you have your own hardware it's still 0% pool fee.

0.2% will not account for much to be honest,

And the 20% or so fees on maintenance is what you would expect to pay if you mined in your own home, if not LESS expensive than hosting your own equipment.

I have 2.8 ghs now and I am planning to buy 5 more

That would only give me around 0.023 ghs so it will mine barely anything.

Yeah, I m just treating cex as a passive coin generator now