Again, I doubt your honesty. Have you actually refused payment from cex.io for your referral link? Or have you never actually been successful in getting anyone to sign up?


I'm a big fan of empirical evidence, and as such I'm going by what I can see. I see a referral link in your sig. Either you get something out of that referral link, or your referral link has never actually resulted in a successful referral. Either way, you're still working for them -- the fact that you haven't yet been paid is just semantics.


Well, duh. It doesn't take a rocket scientist to do that calculation, and it's been that way for a long time. Maybe always.


Yes. That's what I claim. Run the numbers. Show me a scenario where you could make back your BTC investment in GHs from just mining at cex.io. You can't, unless you include trading. Period.

To answer your questions directly:

Yes, the Jalapeño is essentially plug and play. It plugs in via USB and you run a small app on your PC that communicates with the network.
No, you will not make back your $350, unless the price of Bitcoin goes up substantially.
Yes, 0.002BTC sounds about right, maybe less now that the difficulty just went up. Each Jalapeño has a slightly different hash rate from the next, so it's hard to say.
No, you should not solo mine. You should join a pool (I like BTCGuild, but there are others).

That's like asking for a quiet room in Delhi.

I'd like some fucking honesty in this forum, and a lot less hucksters.

So I'm imagining the referral link in your sig, then? Seems to me that you are in fact promoting their business and accepting payment for it. That's the textbook definition of "being paid", and that colors everything you say about cex.io.

If you want to actually be seen as neutral, you can't accept money from them.

That's day trading, not mining. If you would stop faffing about and call it what it is -- DAY TRADING -- then none of us on this side of the fence would be taking issue with it. There's nothing inherently wrong with day trading, unless you attempt to insinuate that "cex.io is profitable" without clarifying what you're doing there. My primary issue here is the assertion by a never-ending stream of dimwits that "mining" is profitable at cex.io. It is in fact not. The profit you're receiving comes from day trading. End of.

Now if you'd start presenting that picture more honestly (instead of saying "I'm making a profit at cex.io" like a shill) then we wouldn't be having this conversation.

So are you going to be honest, or are you going to continue to act like a shill?

Just quoting this for the awesome chutzpah. It's okay that they sold you lots of hashing power, but when they sell it to someone else, they've crossed the line.

Well, at least you're honest.

I will not rest until assholes like you are banished from the realm.

^^^^^ Note sleazy referral link in post above ^^^^^

Now ask yourself what this chump has to gain from his participation here.

HINT: He's lining up the "greater fool".

Here's another random point: who are you going to believe? The guys who stand to profit by deceiving other people (note the sleazy referral links in various sigs in this thread) or the people who have nothing to gain and are expressly stating that their sigs are free of paid influence?

(Yeah, I know -- using logic on mental midgets is about as effective as lipstick on a pig).

1) Because they can do math.
2) Because they can distinguish between "mining" and "day trading" (neither of which are actually truly happening at cex.io, but that's mostly semantics).
3) Because the overall price trend of GHs is steadily downward.

In more detail:

1) It is not possible to profit via mining alone at cex.io with the current price of GHs there. This isn't up for debate. You can scream about it all you want, but until difficulty slows down, you just look like a fucking moron that can't do math.

2) It is possible to make a profit at cex.io via day trading, though only because there is a steady supply of morons lined up waiting to buy your GHs from you at a price that will never, ever ROI. This is the "greater fool" theory. Some of these people will, in turn, make a profit of their own. Many more of these people will actually lose (because of point 3), and this too is not up for debate. Math is math, and isn't subject to your opinion.

3) As Bitcoin difficulty increases, each GHs returns less BTC back to the holder. I don't know how many times I have to repeat this before the never-ending stream of morons gets it through their greed-addled skulls, but this is also not up for debate. In a free market, this steadily erodes the value -- that is, what some fool is willing to pay for it -- until the value basically ceases to be meaningful. At cex.io, such free-market conditions may or may not exist. This is up for some debate, and I won't pick a side in that discussion. But as an investor, you have to ask yourself which model you prefer -- (a) a free market where the price is steadily going down while you're holding it, or (b) a manipulated market where the share value is essentially arbitrary. Note that there isn't an option C, no matter how badly you want there to be.

That's as clear as I can make it. Individuals may profit, but the math says that such profits are the exception rather than the rule. And no, that's not up for debate either.

Some might find themselves annoyed or even angered at this combination of arrogance and stupidity. Personally, I think I'm amused by it more than anything.

Carry on, brave xandriel! Yell it from the rooftops!

Math.

I have in fact considered that very possibility.

We were talking about this subject last week over lunch. He was having bánh mì, and I was having pho.

I've been doing this "internet" thing for much longer than most of the people here. As an active participant in usenet, I learned a very, very long time ago what a "troll" was. I have an email address -- still active today -- that pre-dates both the invention of the World Wide Web and the invention of spam. So when you go telling me to educate myself, I can only shake my head at what a stupid FUCK you are.


Yep. That's a troll. And you're it. Though I'll accept the possibility that you're just retarded.

David -- I've decided you're not a crook, you're just retarded and are in desperate need of a clue.

Now fuck off.

No, it can't. And you're a troll.

And dumb, too.

He's not.