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Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).
You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving). Difficulty just increased by 10% and the next increase is predicted to be similar. Doubling time to get to 1 EH/s from here: 10% diff increase every 14 days = about 100 days 7% = about 140 days 5% = about 200 days Yeah, I think it´s highly likely that you´ll hear the term exahash in the coming months and it seems a given that total hash will be there in - say six months? Any shipping backlogs at Bitmain? Sure its possible that Bitmain will sell 100,000 S7's to take the diff to 1EH/s taking every miner out of profitability including S5, thats around 388PHs out of profitabilty and likely to shut down (Aug 22 2015 54,256,630,328 2.95% 388,384,088 GH/s) so that requires another 80,000 S7's to be sold to replace the shutdown miners I highly doubt it though, unless BTC/USD gets a huge boost. You may want to compare this chart to that of bitcoin since early 2014. If I had a bitcoin for every time I´ve heard that bitcoin needed a special boost in price for hashrate to increase I´d be a billionaire  Here I analysed it   Anyway pretty graphs that aren't created with AI/Magical Crystal Balls/Time Machine are pretty useless IMO. |
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Imagine the uproar if a bank took a cent off every customer "accidentally", and then only refunded the ones that complained.
This will be cex.io if they continue down that path. Good luck, You will need it. Fraud is very real and can easily breakdown borders. Dont think you are safe just because there is never anyone in the UK office.
Yes, we completely understand that this situation is unpleasant. But right now we are talking about $0.005, and not off every customer, and it will be refunded, and we explained why it is happening, and we told that it is in the roadmap of the company. Please be reasonable. If you find this error unacceptable - please notify the support team that you want your account closed, they will assist you in transferring all your remaining funds elsewhere. The amount does not matter, it is still considered false accounting/fraud. You said you can only refund it if they complain, please send a newsletter to ALL of your customers asking them to check their account and ask for a refund if there are discrepencies. If i was to notify your support team that I want my account closed how can you guarantee that all my ID documents will be destroyed?
I don't have any funds at your scam exchange so that isn't an issueCare to assist in answering my question, rather than deleting posts? Tyler said he couldn't answer until legal were open, and that I would receive a reply on here.... that was Saturday/Sunday & still waiting.... |
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Imagine the uproar if a bank took a cent off every customer "accidentally", and then only refunded the ones that complained.
This will be cex.io if they continue down that path. Good luck, You will need it. Fraud is very real and can easily breakdown borders. Dont think you are safe just because there is never anyone in the UK office.
Yes, we completely understand that this situation is unpleasant. But right now we are talking about $0.005, and not off every customer, and it will be refunded, and we explained why it is happening, and we told that it is in the roadmap of the company. Please be reasonable. If you find this error unacceptable - please notify the support team that you want your account closed, they will assist you in transferring all your remaining funds elsewhere. The amount does not matter, it is still considered false accounting/fraud. You said you can only refund it if they complain, please send a newsletter to ALL of your customers asking them to check their account and ask for a refund if there are discrepencies. If i was to notify your support team that I want my account closed how can you guarantee that all my ID documents will be destroyed? I don't have any funds at your scam exchange so that isn't an issue |
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So it isn't because Miners reboot like Thomas said, nor is it an unexpected glitch like Akhil said and your tech team aren't working on it. (3 lies right there)
Actually, the recalculation is triggered when some user turns his mining on and our hardware provider needs to turn on some equipment to cover his GHS. @cex I suggest blocking flip21, who isn't smart enough to understand a genuine explanation about the service, harming your reputation, and maybe add something about this in the company's terms of service?
Noted. We will see what we can do. Thanks for your support. So you plan on blocking a fully verified user because you don't like what I say about your scam exchange? LOL, Dont worry I shall create my own topic regarding CEX. This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. |
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@Cex, Still no comment regarding the theft of bitcoin via maintenance fees i see...
@flip21 We agreed that it was our mistake. According to our refund policy ( https://cex.io/refund-policy) Section 6 - PROCESSING TIMELINE Refund/Return will be processed within twenty (20) Business Days from the date of notifying the User on the CEX.IO decision. Since the request and final decision was sent on 17th of August - please give us time to process this request. Thanks. So does that mean you will refund everyone, regardless on whether they send a support ticket about it? It is what you should do, be proactive rather than reactive. EDIT: And also you should fix the "well known issue", regardless of whether you feel it is cheaper to refund the users own BTC. Bugs must be fixed as soon as they are noticed! Currently it is hard to identify everyone who was effected by this. If you want to get into details, here is a technical explanation of this error by our CTO: "What you have experienced is a result of the system recalculating previous blocks. If there is a discrepancy found in maintenance or payout it is compensated. Even after you sell off your GHS the system performs those checks. These fees and payouts are technically for the older blocks that have already been paid out, but due to system limitation the number of currently mined block appears on the history at the moment the entry appears." So basically, what we are trying to say is that we didn't turn any miners on without your consent. Moreover, our system architecture is built in a way that these recalculations can go both ways, in the favour of the company as well as in the favour of users. And we have never seen a customer complain that the recalculation was in their favour. So in order to avoid any misunderstandings and long discussions if it is fair or not - we prefer to refund these satoshis (we are talking less than $0.01). Another technological characteristic of our architecture is the impossibility to find all users affected by this recalculation without suspending the platform and running a script over the existing database which is VERY BIG. And finally, all issues we encounter are documented in our backlog, however the priority of this issue is very low due to the fact that cloud mining is currently paused and the cumulative impact on all users totals to $2.00 per month max, and our developer team is working on more important features and fixes, which we will announce real soon. We hope you understand the situation from our point of view Thank you. Sounds like some technical blabble, but I take it this is your final answer? So it isn't because Miners reboot like Thomas said, nor is it an unexpected glitch like Akhil said and your tech team aren't working on it. (3 lies right there) I guess if you aren't going to fix existing issues that constantly happen (twice in 3 days!) I will continue to call this intentional theft/fraud, regardless of the amount, it is obtaining funds by false accounting. How can you tell us its a maximum of $2.00 per month, you just admitted you have no way of telling how many users are affected? I guess it is official, CEX has turned into a scam exchange. Maybe you should send a email to each of your users explaining this bug the fact it costs too much to fix so it won't be fixed. Be transparent, Be honest. Be Proactive. Don't lose what little trust you have left because of bugs in your system and dishonesty. |
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@Cex, Still no comment regarding the theft of bitcoin via maintenance fees i see...
@flip21 We agreed that it was our mistake. According to our refund policy ( https://cex.io/refund-policy) Section 6 - PROCESSING TIMELINE Refund/Return will be processed within twenty (20) Business Days from the date of notifying the User on the CEX.IO decision. Since the request and final decision was sent on 17th of August - please give us time to process this request. Thanks. So does that mean you will refund everyone, regardless on whether they send a support ticket about it? It is what you should do, be proactive rather than reactive. EDIT: And also you should fix the "well known issue", regardless of whether you feel it is cheaper to refund the users own BTC. Bugs must be fixed as soon as they are noticed! |
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I do think cex.io /ghash has some vintage miners.
Like old knc or antminer cubes, maybe some cool retro Avalons? O no better some Butterfly labs stuff.
@ZetaOS Hi, thanks for joining the conversation. We provide only data-centres and a platform for trading. However, our hardware providers really do have mining equipment ready to be launched as soon as mining is profitable again, or if any of our users decide to enable mining on his/her account. You now provide the datacentres, but its upto your hardware providers to switch them on? LOL @Zeta0S, I believe they use Bitfury 2w/GHS miners so yes vintage and will likely never mine again because they are located in a warzone and what with Bitmain's upcoming release of 0.216w/GHS chips they will be like dinosaurs soon, costing 10x rather than the current 4x to run compared to the newest hardware @Cex, Still no comment regarding the theft of bitcoin via maintenance fees i see... |
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Well this is their reply to the theft of satoshi's  Older blocks causing it? LMAO I am sure djselery has never turned on his GHS for many months now, its just constant bullshit coming out of their mouths now I still can't wrap my head around this nonsense. So they either (1) charged the fees incorrectly, need to refund everyone without waiting for users to complain; or (2) charged the fees correctly and the users are whining for no reason. Which is it? Looks like #1 and CEX support is just trying to cover up. #1 for sure To sum up, CEX have come out with 3 different excuses to the maintenance fees #1 - "its a known issue caused by rebooting non-existent miners" #2 - "its an unexpected glitch" #3 - "its because of old blocks" |
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Well this is their reply to the theft of satoshi's Older blocks causing it? LMAO I am sure djselery has never turned on his GHS for many months now, its just constant bullshit coming out of their mouths now |
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well they turned on ghs again to drain everyones account... fun fun  Dear djselery - as quoted in the reply in your screenshot - we will refund those satoshis to you. Anyone else who noticed something like that on their accounts is welcome to open a ticket - we will investigate and refund if it was our wrongdoing. We are sincerely sorry it happened. So just outright theft from users who don't notice? Its not so unexpected either infact its a well known issue ....  ...discuss fellow trolls... |
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So they stole some bitcoin from you by charging you maintenance fees and still haven't repaid it, even after you have queried it and they gave you some bullshit excuse as to why it happened?  Lets say they stole 0.00000512BTC from each of their "Active Traders", the figure they have on their homepage is 459439 Active Traders 0.00000512 x 459439 = 2.35232768BTC Looks like times are hard at CEX having to steal money from its users in such a way... Operating with fractional reserves I take it, wouldn't suprise me if they have to sell new GHS, I mean adding numbers to the database to pay their support staff. I wouldn't put 1 satoshi on this shitpit they call an exchange if that is the case, They obviously have no liquidity going by their accounts and are not willing to discuss it in public. Their liquidity is made even worse because their amazing unicorn "computer accessory equipment, aimed to reduce the maintenance cost of mining hardware" worth 2,100,000GBP, that cannot possibly be ASIC miners, are inaccessible because these assets are locked down in a warzone |
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Noob thread police? Yeah, there's a new Sheriff in town JK, I just re-read a couple of pages of this thread and it looks like both of you were molested by CEX and can't get over it.
It's a valid question, get over it. If Bitcoin shoots up to $400 tomorrow how can CEX resume mining if they have 2m worth of equipment stuck in the war zone.
The question is valid, but Darkstar's reply isn't. Yeah, and go ahead and post whatever you like in the scam accusation section, and leave this thread to help people understand the service and resolve issues. Thanks! Try re-reading part of this thread, to get issues resolved you must send a support ticket via their website I prefer to keep it all in one place, so I shall continue to post in here, if CEX don't like it they should stop the blantent lies |
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Thanks for your inquiry. We will resume cloud mining when it will be profitable for our users, that means the block reward should be enough to cover electricity and maintenance expenses.
Well going by your previous statement: These aforementioned assets are computer accessory equipment, aimed to reduce the maintenance cost of mining hardware. Since cloud mining is suspended, the idea of reducing maintenance is now obsolete.
These assets have no connection to data storage and do not affect the reliability of the service we provide.
Mining will not be profitable until you get those fixed assets back. Dude, I think CEX's answer is more appropriate than yours. Why don't we keep the thread about the service the company provides? I'm sure you'll find another place to post your investigations This is all about the service the company provides Maybe you are right though, a more appriopriate part of the forum might be the "Scam Accusations" one for our next topic.. Charging people maintenance fees and only refunding when they complain; all this when they do not have any GHS or their GHS are switched off probably is classified as a scam |
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There is a warzone within the EU though, parts of Ukraine are classed as a warzone, which according to the registered business details of CEX; the director of CEX is residence there and I believe most of your staff are located.
Ukraine is not a part of the European Union. Ah maybe not, my mistake then I don't pay much attention to the EU, I just hope the UK leaves it thats all I know. |
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These aforementioned assets are computer accessory equipment, aimed to reduce the maintenance cost of mining hardware. Since cloud mining is suspended, the idea of reducing maintenance is now obsolete.
These assets have no connection to data storage and do not affect the reliability of the service we provide.
Computer accessory equipment, worth £2.1m with a 33.33% annual depreciation?!?!?!?! Aimed to reduce maintenance cost?!?!? So in other words its just £2.1m worth of ASIC miners that CEX have repeatly made claims that they have never owned any mining equipment.... We would like to reassure all users that none of the personal data (including IDs, pictures of payments card, user data) is stored in CEX.IO’s assets in war zone.
We would like to state that all servers, which keep CEX.IO user data, are encrypted, and the software is compliant with Level 3 PCI DSS requirements, backed by a respective certificate received by CEX.IO.
Finally, all servers are placed and maintained in certified data centres based in countries of the European Union.
Thanks for confirming such, After 4 days of being totally blanked and ignored by you and your staff (this includes mentioning it in the trollbox, your support staff put up a wall of text to hide such information) it is nice to receive a reply. There is a warzone within the EU though, parts of Ukraine are classed as a warzone, which according to the registered business details of CEX; the director of CEX is residence there and I believe most of your staff are located. |
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@CEX, on a serious note. I am a fully verified user of your exchange and I would like to know whether our personal data (This includes ID and Pictures of my Active bank card) are safe or are they on your "computer equipment" assets located within a warzone. I don't want the UK anti-terror police knocking on my door (or rather knocking down my door), just because some jihadist or terrorist has commited identity fraud using my details that were stored on your servers. You can continue to ignore this topic but I will continue to ask this question until I get an answer.  |
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@D4RK5T4R
(I do, I might be allergic to nuts so its would be idiotic to not ask such a question)
I eat in those restaurants where I like and know I wouldn't meet up with allergens. If I am suspicious about a restaurant I just don't go there. But I never advertise the restaurant as bad if I am allergic to their food. That would be stupid. In the case of CEX if you are allergic you may stop using it. (I am not sure if you are having an account with them, I believe its none of my business to ask)
I would reply using my personal opinion: Your comments are sarcastic and criticising that it seems that you have been paid to write them.
I myself don't like few things in CEX but I like few features and I write about both of them. Likes and dislikes.
By the way in the pic you uploaded the first person I googles is CIO of CEX But who is the other one??? Is it you?
@CEX.IO Guys its getting insane here. Please do something. Also, please take care of my wire it is awaited for 24 hours. Probably due to weekends........ Rest is good, I am here with you for over a month and just started earning out of my hobby.
Hope good times will be there soon for you. Try hard and fruit will be there for you and consequently for us.
Lol you do realise nuts are everywhere, in every restaurant, does that mean people allergic to nuts should never use a restaurant and shouldn't ever query what ingredients are in the food? I agree someone is being paid to write here and it isn't me (BTW i am flip21), I have a feeling you are a paid shill but who gives a shit lol That is the leader of the GAWtards in the picture, Homero Garza, you should do some research its a great read. Anyway welcome to my ignore list and CEX so are you going to answer which assets are located in a warzone as stated in your accounts submitted to HMRC? |
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When you visit a restaurant do you ask the chef what spices he uses in the steak you ordered?
I do, I might be allergic to nuts so its would be idiotic to not ask such a question I have my tourism company and sometimes customers do ask me how much %% do you get from each tour . Should i reveal  ? If you say yes, either you are naive or at least pretending to be. I don't believe anyone has asked such a question from CEX, their abbreviated accounts are public though, joys of being a UK registered LTD company @CEX.IO I think you need to reply once and for all.. Your forum sucks a bit due to stupid questions... Although, your site is not bad and service seems better than others but your forum needs cleaning.. May be I should stop positing here....
It all sucks, there are too many questions to answer like the Announcing Fake Partnerships is a XPY/Garza Trademark.  Ask yourself, What tangible fixed assets CEX have that as of 30th November 2014 were valued at a whooping £2,127,535.00, that have a 33.33% yearly depreciation. Please Remember that those Cloud Miners do not belong to CEX.IO nor GHASH.IO, Are they running a super computer for each of the support staff? Shills Gotta Shill, Sockpuppets Gotta Sockpuppet and Trolls Gotta Troll, Welcome to Bitcointalk, If CEX don't like it they should of made this thread a self moderated one. |
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Why did your announcement about the Russian market get deleted from here and many news sites?
Currently, russian payment systems are being checked and tested for final release. Since we have found several users interested in helping us in pre-release testing - we decided to stop announcing this on our media outlets, until all features are working in full. The BTC/RUB trading pair is working as announced. So you made an announcement about a feature that was still in pre-release testing phase, without actually mentioning at that time that it was pre-release? then decided to backtrack as much as you could by deleting your statements. Its just a shame you cannot delete all the propagation of that announcement that is now indelibly left on the web to find. like here cached linkIt kinda like shutting the stable door after the horse has bolted. LMAO, Did Homero Ganza buy CEX and go into hiding in Ukraine? ... Remember that XPY & Amazon/Walmart/Target/Gyft/Mastercard Relationship and all the other relationships that never really existed, its Deja vu right here! |
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