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IS mining on CEX.io is profitable for small scale?
I am currently mining on cex.io with 4 GH/s only is this worth
any other site which is providing lifetime validity
or investing in new coins is profitable
Not worth it with 4ghs |
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I really have no idea how anyone of you guys think only because the skrill statment may be a clean one that you can not get scammed  what if someone just call skrill and claim his account got hacked (same as paypal) unautorized access Agreed but I will show skrill statement if requested |
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Ok, I withdrew some of my pokerstar $ to skrill and am looking to buy BTC
PM me if possible or post reply
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Hey guys,
I have some pokerstar $ and want btc.
Post here or PM me.
Want to trade 0.1btc worth but can trade more if possible.
Escrow service will be used if need be (Must if newbie or jr member
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How long does it take to withdraw to skrill?
Pretty much instantly. Ive withdrawn around 4 times now and only once has it taken longer than 30 mins. |
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Hey guys,
I have some pokerstar $ and want btc.
Post here or PM me.
Want to trade 0.1btc worth but can trade more if possible.
Escrow service will be used if need be (Must if newbie or jr member)
are you sure pokerstar can be made withdrawal?  Yep! can withdraw into skrill |
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Hey guys,
I have some pokerstar $ and want btc.
Post here or PM me.
Want to trade 0.1btc worth but can trade more if possible.
Escrow service will be used if need be (Must if newbie or jr member)
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From my personal experience, you can turn a profit but it takes ALOT of hard work that wont be worth it.
I recently pulled out of cex.io and am looking to invest somewhere else
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Im pretty sure this man is Jesus |
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Have one audible account for sale
Has two credits allowing purchase of two audiobooks.
0.01 BTC
Escrow will be used if requested
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This thread......
.....wow......
.....just wow.
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Took the advice of most people on here, traded the ghs i had left and withdrew my bitcoins from cex.
Will start research into trading on exchange.
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Hey guys,
Just wondering what your thoughts were on mining at cex.io? Iv read a lot of negative feedback about it and not much positive.
From my experience, its not the worse.
Yes the fees are ridiculous, but ive made a profit so far.
From 0.5 btc, ive managed to make 1.9 btc trading, however, that took 3weeks and was a huge amount of effort
it's from trading and many of us not a good trader like you seriously, 0.5 BTC -> 1.9 BTC in 3 weeks is good did you use bot? No bot, i dont trust them, but i was on the site for most of the day, even at work, for three weeks. Was very tedious and would not recommend! |
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I'm going to repeat what I said in the other thread because these threads are basically asking the same question - how do I choose the best loser:
If you buy Bitcoin right now with $40k USD you get 64.9BTC instantly which you can sell at any time (what you if need the $ for a cancer diagnosis).
If you spend $40K on cloud mining you will mine less than 64.9BTC in the next year. Even if you had a 5 year contract you would probably not mine more than 45BTC if even that.
The mining company will have made somewhere between 10 and 25BTC off of you with a 5 year contract if they keep their promise (which they will either keep as profit or use to make their own farm to compete with the hashes they sold you making your hashes worth even less). If they go bankrupt like bASIC, Hashfast, or many of the other Bitcoin scams then you'll lose something closer to the original 64.9BTC.
So in summation nobody should be mining with cloud mining honestly since it is only lending towards centralization. If you want to support the network buy a miner and mine knowing you're probably going to be at a loss but will be supporting Bitcoin. If you want to become richer in fiat, buy and hold... or in the case of the OP buy and trade, but do at an exchange.
There's no reason to trade on a cloud mining platform - you're just adding one more variable - the chance the company might run away. Of course an exchange might close but which do you think is more likely to happen?
Ah, ok. So basicalliy im best withdrawing my btc and keeping hold of it rather than let it whittle away. I get you. Thanks for the advice, ill def keep that in mind! |
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Also, would this be the case for most cloud mining platforms?
I was thinking of investing in nicehash.com but dont see the point if its similar
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You asked about mining, than you said you earned by trading. So basicly you answered to yourself. CEX.IO is good for traders, bad for miners. There is no way you can break even mining there, but you can earn nice amount of BTC if you know how to trade....than again you can do it on any other BTC related exchange.
Ahh, of course i did. I guess i waned to know if people found it more profitable to mine than to trade but your right, i answered my own question. Is this the reason cex gets such negative feedback? |
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Hey guys,
Just wondering what your thoughts were on mining at cex.io? Iv read a lot of negative feedback about it and not much positive.
From my experience, its not the worse.
Yes the fees are ridiculous, but ive made a profit so far.
From 0.5 btc, ive managed to make 1.9 btc trading, however, that took 3weeks and was a huge amount of effort
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I thought about giving a voucher as collateral but like I said, id rather keep it running on my account.
Then please close the thread as you are breaching our rule. ok, thought my account would be good enough. thanks anyway |
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If you send the GHS to me (voucher) as collateral I will do this loan.
I thought about giving a voucher as collateral but like I said, id rather keep it running on my account. |
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