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Author Topic: So I bought some of them cloud mining GH/s  (Read 573 times)
Remember remember the 5th of November (OP)
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November 06, 2013, 09:10:21 PM
 #1

And to be honest I was blinded that I wanted to invest heavily in CEX.io, to the point where I was thinking of requesting a 12BTC loan here to buy at least 100gh/s more of mining power, then I saw on their forums a guy asking what happens with their hashing power if the site shuts down and my ideas got crushed.

I mean imagine me having to return a 12btc loan, and all of a sudden my 100-150gh/s go poof?

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Sythyn
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November 07, 2013, 12:15:20 AM
 #2

And to be honest I was blinded that I wanted to invest heavily in CEX.io, to the point where I was thinking of requesting a 12BTC loan here to buy at least 100gh/s more of mining power, then I saw on their forums a guy asking what happens with their hashing power if the site shuts down and my ideas got crushed.

I mean imagine me having to return a 12btc loan, and all of a sudden my 100-150gh/s go poof?

Well, if the site got shuts down, most likely you will lost all your hash. Maybe cex will do some reimburse or private hash?
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November 07, 2013, 12:53:12 AM
 #3

Well you won't earn them back that way with or without the hashpower..
Why?

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November 07, 2013, 01:20:53 AM
 #4

Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...

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November 07, 2013, 01:34:44 AM
 #5

Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...
Just a bit, yes. If it's down to 0.08 and less, I think it's a bang for the buck type of deal, but there are fees per gh/s per hour too.

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November 07, 2013, 01:45:03 AM
 #6

Well you won't earn them back that way with or without the hashpower..
Why?

Because its overpriced...
Just a bit, yes. If it's down to 0.08 and less, I think it's a bang for the buck type of deal, but there are fees per gh/s per hour too.

It should be around 0.04 based on 30% difficulty increment..
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