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Sonny
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February 14, 2014, 04:07:59 AM |
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For good investment, buy ghs in cex.io or buy mining hardware and connect to btc guild?
Neither. For profitability, build a GPU rig to mine scrpyt-based coins and sell them for bitcoin. what "mine scrpyt-based coins" can you give more info? Coins like bitcoin and namecoin are sha256-based. Coins like litecoin and dogecoin are scrypt-based (sorry for my typo in the previous post). Unlike sha256, scrypt hashing is memory-intensive, and thus it is much harder to build scrypt ASIC. We may have some scrypt ASIC later this year, but until then almost all of the hashrate are from GPUs. Thus, you could still get decent revenue mining scrypt altcoins with your GPUs. |
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R0yalAir
Member
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Activity: 84
Merit: 10
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February 14, 2014, 05:36:01 AM |
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For newbies or else
cex.io or alike are not a good investment.
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bitcoin_miner
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February 14, 2014, 10:17:01 AM |
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For good investment, buy ghs in cex.io or buy mining hardware and connect to btc guild?
Neither. For profitability, build a GPU rig to mine scrpyt-based coins and sell them for bitcoin. what "mine scrpyt-based coins" can you give more info? Coins like bitcoin and namecoin are sha256-based. Coins like litecoin and dogecoin are scrypt-based (sorry for my typo in the previous post). Unlike sha256, scrypt hashing is memory-intensive, and thus it is much harder to build scrypt ASIC. We may have some scrypt ASIC later this year, but until then almost all of the hashrate are from GPUs. Thus, you could still get decent revenue mining scrypt altcoins with your GPUs. thanks for info For newbies or else
cex.io or alike are not a good investment.
what your idea to earn bitcoin ? |
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Sonny
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February 15, 2014, 06:59:24 AM |
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For good investment, buy ghs in cex.io or buy mining hardware and connect to btc guild?
Neither. For profitability, build a GPU rig to mine scrpyt-based coins and sell them for bitcoin. what "mine scrpyt-based coins" can you give more info? Coins like bitcoin and namecoin are sha256-based. Coins like litecoin and dogecoin are scrypt-based (sorry for my typo in the previous post). Unlike sha256, scrypt hashing is memory-intensive, and thus it is much harder to build scrypt ASIC. We may have some scrypt ASIC later this year, but until then almost all of the hashrate are from GPUs. Thus, you could still get decent revenue mining scrypt altcoins with your GPUs. thanks for info You are welcome  Have fun mining |
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AndrewGucci
Newbie
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Activity: 56
Merit: 0
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February 15, 2014, 08:13:12 AM |
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it is not an investment, it like throwing away your money
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robattfield
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February 15, 2014, 09:10:55 AM |
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it is not an investment, it like throwing away your money
That's true, that's why you don't put in more than you can afford. You will probably get more out of investing $20 with Cex.io than wasting it on Facebook game credits, drugs, and the like. It's a similar thing to Leancy as well, except you're making more with them than Cex.io. |
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MICRO
Legendary
Offline
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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February 20, 2014, 09:25:17 PM |
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it is not an investment, it like throwing away your money
Wait why ? Is it not better for ur btc (when u not using it) to sit on cex and earn u some small profit, then when u need it u can cashout. Then to sit in ur wallet doing nothing? I agree that profit is nothing over what u need to invest, u can't get 100% return in forever . But when u invest some (that u can afford to lose) and do some trading, when waiting for price change, mining and if u add to that few good refs, u can make some nice profit. |
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semik
Newbie
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Activity: 22
Merit: 0
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February 21, 2014, 06:48:16 AM |
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I agree that profit is nothing over what u need to invest, u can't get 100% return in forever . But when u invest some (that u can afford to lose) and do some trading, when waiting for price change, mining and if u add to that few good refs, u can make some nice profit. Exactly. I'm gambling there with 2BTC and made 0.2 in a week. Trading is much more fun than waiting for mining. |
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bitcoin_miner
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February 23, 2014, 02:23:48 PM |
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I agree that profit is nothing over what u need to invest, u can't get 100% return in forever . But when u invest some (that u can afford to lose) and do some trading, when waiting for price change, mining and if u add to that few good refs, u can make some nice profit. Exactly. I'm gambling there with 2BTC and made 0.2 in a week. Trading is much more fun than waiting for mining. I agree, for cex.io not suitable for mining. but suitable for trading ghs |
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MICRO
Legendary
Offline
Activity: 2464
Merit: 1037
CEO @ Stake.com and Primedice.com
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February 23, 2014, 02:54:00 PM |
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I agree that profit is nothing over what u need to invest, u can't get 100% return in forever . But when u invest some (that u can afford to lose) and do some trading, when waiting for price change, mining and if u add to that few good refs, u can make some nice profit. Exactly. I'm gambling there with 2BTC and made 0.2 in a week. Trading is much more fun than waiting for mining. I agree, for cex.io not suitable for mining. but suitable for trading ghs I actually invested 0.05ish btc for 5 gsh on pbmining . Its making me 80k per day so money return in 60ish days and u have that ghs for 5 years  |
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quarkyplum
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February 23, 2014, 03:39:14 PM |
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as a Newbie i invested in CEX and made .01 btc
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michaelhampton2
Newbie
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Activity: 56
Merit: 0
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February 26, 2014, 05:57:55 AM |
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Go for cex.io if you dont ever want to see your bitcoin again.
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Sheldor333
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February 26, 2014, 10:51:46 AM |
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No it is not for a newbies. Only way you can earn there is if you buy cheap and sell for more. Other than that I don't see a way to make it profitable.
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rico666
Legendary
Offline
Activity: 1120
Merit: 1037
฿ → ∞
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March 13, 2014, 05:34:13 PM |
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What's even worse than the more-than-unsure ROI on cex.io is the shady practices - especially from "support staff". As soon as you start teaching (and I mean teaching, not trolling) newbies about how to find out true market price of traded GH/s (actually by pointing them to the CEX.io own pages like their calculator and maintenance fee site), you may get banned. Actually you WILL get banned, because cex.io has set up a set of "rules" ( https://support.cex.io/hc/en-us/articles/201624686-Chatbox-rules) for chat that end with the famous "Please, take all the above mentioned rules as granted and be informed that CEX.IO support members reserve the right to end participation of any chat-user for any reason, as needed and without notification. "
Joker rule. So No rules. Support staff is allmighty and will kick your ass as soon as you should try to prevent Newbies from loosing money there. It won't help, but I strongly suggest Newbies to stay away from that shady business. Rico |
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R0yalAir
Member
Offline
Activity: 84
Merit: 10
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March 19, 2014, 03:31:12 PM |
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it is not an investment, it like throwing away your money
Unfortunately and only newcomers will fall for this honeypot. |
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Buziss
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March 19, 2014, 04:07:58 PM |
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No, difficulty will keep rising and hashrate price will keep dropping.
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