Can someone explain to me what's going on with their new service? Check out: http://terraminehosting.com/Is this just a hosting service for cointerra or are they selling us a 6/12 month contract to mine at 1 or 2 THS??? I'm interested in buying if i'm buying hashing!! |
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I agree with all the above. I have had a decent experience with cex.io so far, but my endgame will be if I can sell my GH/s at the same price as that at which I bought.
As long as you trade every 4-8 days...i think you can get in and out...with some BTC...and maybe even make a profit. Difficulty change coming up soon and fees are kicking in on the 8th... watch out for both. The higher datacenter fees are guarenteed to make CEX mining break even at some point. When this happens people will be trading an asset with zero future payments expected and thus zero value. This event is less than a year away. Once people better realize this, the price will come down to better match the realistic life-time earning potential of a Gh, which is significantly below the current price. Right now everyone's primary focus is trading, with the daily revenue as a nice side bonus. This is the greater fool theory and hoping that you are not the fool. I disagree - i think they will update and have more efficient machines that hash for more with less power/maintenance. They will have to continuously update their fee (rather lower it) to match the changing ROI, reduced electricity cost and efficient machines. It will only fail as you stated if they do not update any of their machines and stay as is from now on. |
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and fees on the 8th - I sold and have some purchase orders for .07BTC....let's see if they hit! Maybe I'll aim lower...like .05 BTC..muhahaha.
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I agree with all the above. I have had a decent experience with cex.io so far, but my endgame will be if I can sell my GH/s at the same price as that at which I bought.
As long as you trade every 4-8 days...i think you can get in and out...with some BTC...and maybe even make a profit. Difficulty change coming up soon and fees are kicking in on the 8th... watch out for both. |
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Prices are coming down today and it's almost time to purchase. We are back in the .1- .11 BTC zone... .14 was just crazy! Note, a change in diff is coming up and admin fees are kicking in on the 8th.
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ah...ok...so he's no long selling them... thanks!
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I'm actually in the process of buying one from them. If you PM me more details and how I'll have the security that you will deliver them to me upon receipt.
Thanks,
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Wow - we hit .09 BTC/GHS.
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after the brightest morning with GHS to 0.145 , now it's falling as predicted. With some walls left behind. Let's wait and see
I'm wonder if the increase in bitcoin value explains the increase in GHS - .145...is just insane... that's more expensive than buying machines off ebay. |
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4% seems somewhat reasonable, but it'll be interesting to see what effect this will have on the GH/s price. Coupled with the upcoming difficulty jumps, there should be some pretty heavy drops in prices.
After 2 more difficulty jumps, which is just 14 days from now, that 4% fee will become around a 10% fee. By the start of 2014 that fee will approach 30-40%. At some point data center costs will start to eat up all the expected revenue. This is the end game for a hosting solution like this. Remember in the GPU era mining was largely a break even activity. Maybe slightly profitable for home setups, but negative if you ran in a professional DC. Cex.io mentioned they would adjust the fees with the changing difficulty...I guess we'll have to wait and see...but it's in their best interest to keep it low otherwise people will just leave. |
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I've found a new thread to be dumb in.
I'm seeing people say, "0.07BTC/GH/s" is a good buy on CEX. That's $15.
I'm seeing 1GH/s mining $0.25 daily, max, for the next couple days, then $0.020 daily for ten days, then $$0.15 daily for ten days, etc, totalling:
25
20
15
12
9
7
5
4
3
2
1
less than $11, forever, not counting BTC future value, which I'm also not counting in the $15 purchase price.
So are the hashrate buyers on CEX betting on the mining decisions of stupid people? Is CEX a stupidity exchange? Great idea!
This market is bit crazy right now - we're now at .12 BTC/GHS - it really depends on the actual change...you are estimating it will decrease 25% every 10 days... it may or may not be the case...everyone else on Cex.io is betting that it will decrease at a slower pace. You also have to take into consideration that Cex.io GHs are liquid...meaning it can be sold tomorrow... whereas physical miners take longer to be sold...so... ROI on CEX is more predictable. Having said that...I will not pay .12 BTC for a GHS...for me that price point doesn't make sense..I'm holding back and seeing where it goes. |
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Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Omg!!! No - diff change in only 2 or 3 days...!!!! Recover your money!!! RagnarDanneskjold - you just made a killing - current prices are .12 BTC/GHs - sell!!! About 14.2 BTC profit on top of your mining profit =) Well done!! |
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I do not think of it as a negative thing...
here:
It will be more like this:
Difficulty increase -> miners need more GHs -> more demand in GHs -> prices go up in CEX
Not this:
Difficulty increase -> miners panic-selling -> selling GHs CHEAP -> prices go down in CEX
Let's be realistic. Obviously, the increased difficulty and the introduction of maintenance fees means the overall value per GH has been dramatically reduced. If you will pay twice as much for half the return, I have a bridge to sell you. In reality, the value of the GH should naturally diminish over time however, it also pays a dividend. With that you can make and informed decision. I see 0.1194/GH/s at the second. I don't think I'm buying into that today. If it got near 0.08 I'm sure you would have a large volume of buying. I believe the bots have some control over cex.io at the moment and artificially inflate the numbers. At that point, you are just day trading. That's a whole different game but destabilizes the exchange. IMHO Well said, I agree with your analysis and I duly expect the 8th to be a day which GHS/BTC prices will fall. |
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Largest buy order I've seen placed so far:
08:09:26
@0.11179
1660.68216815 GHs
185.6476595774885 BTC
Omg!!! No - diff change in only 2 or 3 days...!!!! Recover your money!!! |
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I pulled the trigger on the cointerra 2TBs...hopefully it's worth it.
Cex.io is a lot of fun...but it's way too high right now...or at about ebay market value for a miner...
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I have to admit...buying shares on CEX.io did bring me back to the fun of mining which lead to me purchasing a Avalon machine and shares from some other guys selling contracts...
If you don't have money..CEX.io (signature) is a good place to start...if you do have money cointerra, might be your best option as they will compensate you for your purchase if they deliver late...i guess in the form of more hash?
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It's very fear driven. I think it will take a big jump in difficulty to start a panic sell and we should see the prices dip to .04/.05/06/.07 BTC.
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Ive bought 2, but if someone can provide some feed back, I might buy more if it's good =)
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Agreed - don't touch them with a yard stick.
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