Bitcoin Forum
November 10, 2024, 05:40:44 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Re: Cloud mining at CEX.io question on: January 03, 2014, 05:57:42 PM
How many GHS would I need to buy to actually be in profit?

You can't be in profit.
Even if you use their calculator you can see that's impossible
It's impossible to make in profit until one GHS = 0.01 BTC

Really, let's use their calculator: https://cex.io/calc
I buy 100 GHS for 4.49 BTC
After one year I make the staggering sum of... 2.83 BTC... not to mention that after ten months the maintenance fee will be higher than the generated bitcoins, meaning you start to lose money

Thank you. I guess I'll scrap that idea. I wanted to order a monarch card from BFL but by the time they deliver it, the 600ghs will probably not be enough given the rise in difficulty.
2  Other / Beginners & Help / Re: Cloud mining at CEX.io question on: January 03, 2014, 05:37:51 PM
It's mining forever, but there's a catch: maintenance fee (electricity and labor)
At 0.0448 BTC for each GHS, minus pool fees, minus maintenance fee, you'll never be able to make that much in less than three years (if not forever)

Thanks.
How many GHS would I need to buy to actually be in profit?
3  Other / Beginners & Help / Cloud mining at CEX.io question on: January 03, 2014, 05:26:26 PM
That place sells GHS for bitcoins. At the moment it's 0.0448 BTC for each GHS you buy.

What I want to know is, how long do you buy it for? It's not anywhere on the site. Do I keep it for a month? A year? What?

At the time of this post, 9:30AM, Friday, January 3 2014, PST, this is about $37 per GHS.

I pay them the amount, and it starts mining for me. But it's not clear how long.  Any ideas?

Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!