Price just took a 25% nose dive. I totally called that shit. A lot of people just got hurt, but it's a good time to get in now.

Keep in mind that FUDsters spread rumors to push the price down. A lot of people have been talking about buying in when the price drops, and I bet it's driving them crazy to not be hashing right now.

Whoever spends 100BTC buying cex for over .10/gh is gonna be a sad panda. One look at the market depth chart tells it all. Huge selling walls at .11 and .12. As soon as the selling starts, everyone is going to try to get out. Paying more than .05 BTC/gh for either gear or cloudhashing is a ripoff.

You can actually get a better dollar to gh ratio buying gear on ebay right now. If you are paying more than $10 (.05 BTC) per gh right now, you are getting ripped off.

They will start charging a fee of $.001 per hr per gh on Friday. I would suggest you get out before then.

The implementation of the fee, combined with the rising price of bitcoin, is probably gonna knock cex to the ground. Everyone will try to get out at once. A lot of people are gonna get hurt. This will happen in the next week or two.

Even if priced in dollars, an hourly fee is insane. If I have 500 gh mining, the fee is $12 per day. With the difficulty increase, this move will dramatically reduce chance of hitting ROI. I could score some gear on ebay for about the same dollar to gh ratio as the going rate on cex.io, and just set up the gear somewhere with free electricity. (work, college, hotel room, etc)
When you look at all the mining options available, cex.io is overpriced. When you factor in the new fees starting in a few days, it gets even worse.

When the price of BTC goes up, the price of the mining shares will drop. Paying more than $10 per gh doesn't give you much of a chance to ROI. I just sold my shares. I will buy in when price hits about .05BTC per gh.

I have picked some up mining and day trading on cex.io

I honestly think that if difficulty goes so high that my singles are no longer profitable, the price of BTC will go up to compensate. When I was buying BFL FPGAs people were saying the same thing, but I mined profitably with them until I sent them in for the trade-up.
I would recommend BFL to anyone getting into mining, but don't count chickens before they hatch. I am not expecting to have my Monarchs by February. I expect Moore's law and Murphy's law to show their ugly heads. That does not deter me. Bitcoin mining and BFL have been good to me. I can't predict the future, but I can act on past experience. I will be patient. I will get my gear when I get it. I am pretty sure it will ROI, but there is no guarantee. I can live with that level of risk.
What I most certainly advise against is placing a pre-order with a company that has never delivered a product. That would narrow your choices down to Asicminer, Avalon, and BFL. I have about 50 block erupters that will probably never ROI. I will give them away as Christmas presents. Don't buy those. From what I hear, and I may be wrong, Avalon burned everyone except their first 300 batch 1 customers. That leaves BFL.
For anyone getting in, I would recommend buying and holding Bitcoin until the next parabolic rise, then buy mining equipment from a vendor with an established reputation. If you want to hedge on your BTC holdings, invest a percentage of your BTC into mining equipment.
Let us not forget what this is really all about. Every time someone hooks up a mining rig, the network gets stronger, and therefore more valuable. Bitcoin is the greatest threat to the banks in all history. Why should we spend time away from our families at jobs we hate, only to give more power to the assholes enslaving us. We should be spreading this like fire. Every single person that hates banks should be mining right now.

My strategy has been mine and hold for over 2 years now, and it's working. If you measure ROI in BTC right after a parabolic rise, you end up with misleading numbers.
Yes Bitcoin is a better investment than mining gear. However, those of us that want to diversify have found mining to be a good hedge for holding.
My BFL ASICs were ordered in October and January. They are happily hashing away making me more than a full-time job ever did. They will ROI by the end of next month. That is a mathematical certainty. Yes, I would have made more if I held on to Bitcoin. Hindsight 20/20 and all that, I would have sold my every worldly possession and went ass-deep into debt to buy BTC last year, and sell them all at $266, but let's be real here, and stop spreading FUD.

I upgraded to ASIC from FPGA. I mined on my FPGA units for over a year, and used the BTC I mined to upgrade. I paid a little over $700 each to upgrade my FPGA singles to 60gh ASICs. Each 60gh unit makes $871 worth of BTC per month at current price and difficulty. I will ROI in about a month. I can't complain.
I cashed out a ton of BTC and quit my job in April. Now I get to spend my time with my wife and daughter.
Thank you Bitcoin, and thank you Butterfly Labs.

I ran BFL FPGAs for over a year, and used the money to upgrade to ASIC. The FPGAs paid for themselves many times over, because I held a fair amount of the BTC I mined until the price went up. At this point, even if my ASICs never made anything, I would still be well in the black.

I had a huge array of GPUs last year. Was running at about 14 gh/s. Mined about 2,500 BTC last year. Switched to BFL ASIC and block erupters this year. Next year I upgrade to Monarchs.
I have to upgrade hardware every year, but it beats the hell out of working for a living.

I cashed out a ton of BTC in April at about $200 each. I quit my job right before the crash. I had BFL gear on pre-order, so I was counting on that, but I am still in the black enough to live off it.

I got a tracking number for my October order yesterday, and I expect to be getting my January order next week at the current delivery rate. I mined with FPGA units for over a year, and I made a lot of BTC with them. I took advantage of the FPGA upgrade option. I will probably take advantage of the 25% off voucher to get a Monarch or two. Waiting sucks, but overall I would say BFL has helped me mine more successfully.

chalidore; 8; 2.72; 12GRUBTGp6DAc36JLFscrPyHvyPhcW4uwu

.15 BTC/GH!
I am pulling BTC off the exchanges now.
Canary, please put up a counter showing how many shares remaining available.
I assume these shares will be transferable, and there will be a system to handle transfer of ownership? If so, details on that too please.
Canary, it is because of people like you that Bitcoin has been, and will continue to be, such a massive success!
Cheers!

This is essentially what I was getting at.
I will probably just buy a rig.
I like $14/gh better than $25/gh.
I gotta admit, Canary has been awesome with customer service and delivery. Any excuse to throw more BTC at him is tempting.

By my math, the total shares available are around 2,200 per unit. Or around 22k shares total.
That is based on cost of the units and current price of BTC.
If someone bought 2200 shares, they would get all BTC mined by 1 unit, minus 1% fee and electricity/rent costs?