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Title: ROFL, cex.io maintenance fee is up to 30% Post by: skooter on April 27, 2014, 02:14:58 AM https://cex.io/maintenance
And it keeps going up faster and faster. Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: activebiz on April 27, 2014, 06:36:42 AM I didnt know cex.io has a fee, does this apply to newly bought contracts
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: skooter on April 27, 2014, 06:50:20 AM I didnt know cex.io has a fee, does this apply to newly bought contracts They always did. To pay for electricity/hosting etc. See, it used to be like 3%, which is insignificant, but now that the difficulty skyrocketed, the fee as a % of mining profits (since mining profits are way down) has skyrocketed as well. Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: go4nature on April 27, 2014, 06:53:27 AM They also have bitcoin withdrawal fees.Fee is fixed. If you withdraw small amount fee is huge percentage.
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: gagalady on April 27, 2014, 06:55:28 AM What is the reason for maintenance fee to increase so often? Is it only because of difficulty? And also Is it true that difficulty increaes about 20% each time?
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: dharmapuriharithaa on April 27, 2014, 08:14:35 AM There are many factors for fee increase, difficulty is one factor.
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: skooter on April 27, 2014, 08:42:48 AM The fees haven't gone up.
The mining reward per GH has gone down a lot. So the same fees as a % of the mining reward has gone up. Eg. Before you had $3 in fees, and had $100 in bitcoins mined Now you'll have $3 in fees, and $10 in bitcoins mined w/ the same GH. Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: Nerazzura on April 27, 2014, 08:51:05 AM where did you find this?
30% fee is huge i only know their fee is 18% ??? Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: harkonnen on April 27, 2014, 08:52:36 AM What is the reason for maintenance fee to increase so often? Is it only because of difficulty? And also Is it true that difficulty increaes about 20% each time? It is also due to bitcoin price dropping. Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: 1Referee on April 27, 2014, 09:06:29 AM The fees haven't gone up. The mining reward per GH has gone down a lot. So the same fees as a % of the mining reward has gone up. Eg. Before you had $3 in fees, and had $100 in bitcoins mined Now you'll have $3 in fees, and $10 in bitcoins mined w/ the same GH. That is right, the lower the reward is, the higher the fee will be. They don't have to do anything, it happens automatically ;D Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: greenlion on April 27, 2014, 09:22:11 AM The interpretation here and on cex.io's page that the maintenance fee is in some way dependent on difficulty is complete and utter nonsense. Their cost is based on GH/s, and the cost to run and maintain any given amount of GH/s in Bitcoin is ONLY dependent on the BTC/USD exchange rate and nothing else.
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: stoneage on May 17, 2014, 07:59:54 AM So based on the evidence, is it actually worth mining with cex, especially at lower levels due to maintenance fees creating negative results, would there be somewhere more profitable to invest in GHS?
Title: Re: ROFL, cex.io maintenance fee is up to 30% Post by: Unluckyduck on May 18, 2014, 11:12:48 AM LOL it was already unprofitable buying contracts from them but this is just ridiculous :D
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