CEX.IO

[FatMagic]

After the jump in difficulty, I'm not able to calculate ROI for CEX.IO -- always comes up negative/month. Bummer this was looking cool too!

[1714137723]

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[androsyn]

0.01 fall makes me dream weird lands

[TracerX]

0.01 fall makes me dream weird lands

Right on.

[itod]

After the jump in difficulty, I'm not able to calculate ROI for CEX.IO -- always comes up negative/month. Bummer this was looking cool too!

I get earnings for GHs starting today at most 0.08 BTC before the end of January. It's on the optimistic side, after that it's anybody's guess, but I doubt it will earn 0.09 ever. Difficulty rise is a bitch.

[androsyn]

GHS are going up, back to 0.14 and then? diff went to 267M so price should go down, shared mining price around the world will soon be 0,1 BTC/GHS

[OleOle]

Well, I've been buying all the way down from 0.22 and it doesn't feel that great now that we're at 0.13ish.

Still, I'm hanging in there and will continue to buy. I like the concept of being able to sell if and when I feel like it.

As for block erupters, one day they'll be thrown away so at least getting something back from CEX hashing is a plus. How low can it go? Who cares really, it's still hashing and as long as it keeps feeding the addiction to fractions of coins, it's all good with me

We've had the dump, now let's see some pump

[GreenBits]

Since the difficulty just occurred recently, i see the price flirting up to .145-.15 BRIEFLY. alot are still panic selling, and when the weaker hands shake out we will see the price drift up a bit. the current price still offers a really decent rate of return, ppl wont mind buying in a little higher, methinks. the larger investors dont start selling off until 4 days before the dif change.. there is a window after the change in which buyers are confident there wont be a major devaluation, and increase buying pressure.  ppl seem to forget this market was manipulated and then accidentally crashed the same night. the prices you are seeing aren't indicative of market sentiment. i even wonder if that huge order clearing selloff was a last ditch effort to stabilize the price at .17 (didn't work).

but anyway, ppl forget:
free electricity
resale value (try to resell that block eruptor in this market)


...add to the value of the gh. calculate accordingly

Green

p.s. large investors, exit the market cleanly, and exit positions gradually so you don't influence price with those huge ass sell walls ppl are so fond of throwing up

[androsyn]

GreenBits has the crystal ball
True, it's happening, 0.145-1.5 on sight  

[Leehoya]

Probably buying a few gh if the difficulty didn't rise and the price of a gh isn't so high.

[GreenBits]

GreenBits has the crystal ball
True, it's happening, 0.145-1.5 on sight  

i wish
id have gotten into asicminer at ipo

if there is enough buying pressure to move past the wall at .1413-.1415 (ppl keep undercutting the wall; a couple of larger orders started to spring up around it) i think it will stabilize at .145 for a bit. I might have been a touch optimistic initially, but if we get past the second wall at .145ish, buying/selling interest will peak around .15 . there is still enough time, just need more buying pressure. i dont think the market will be that excited about buying past .15 (massive sell order will turn the momentum around) that close to a dif change, just depends how fast the uptrend develops) the sell support around .149-.15 there will probably be the peak, and i think it will trend downward from then on, to where, no idea. just things the orderbook (in its present state) seem to indicate. i could have never seen that crash a few days ago.

its kinda weak, my position is closed atm, saw the BMR thing on reddit and exited just in case we saw a price dip on the news (oddly, noone really seemed to care, missed out on 12 hours of mining for nothing). looking for a rentry point now on a quick in and out.

keep your eyes on the difficulty guys.

[GreenBits]

oh, for you exchange dudes, bitstamp price is approaching the 30 day high. something ive been watching for a few hours

edit, much later:think it will hit 160?

[juhakall]

Guys

Why is it that the returns we get from mining are not even 50% of exepcted ?

Huh? I just mined 0.60353655 BTC during the last 24 hours with 250 GH/s. Expected reward was only 0.469607 BTC. Are you talking about some longer time period?

[YipYip]

Guys

Why is it that the returns we get from mining are not even 50% of exepcted ?

Huh? I just mined 0.60353655 BTC during the last 24 hours with 250 GH/s. Expected reward was only 0.469607 BTC. Are you talking about some longer time period?

My bad ... noob mistake ..I was look at a small time period where the blocks took  > avg 

[newguy05]

i just bought 1 btc worth for testing, the ghs is now in my account.  Do i need to do anything for it to mine or that starts automatically?  how soon usually will i see the first payment? thanks

[TracerX]

i just bought 1 btc worth for testing, the ghs is now in my account.  Do i need to do anything for it to mine or that starts automatically?  how soon usually will i see the first payment? thanks

It starts mining automatically and will deposit to your account automatically.  Wait an hour or so to see it all level out.

[newguy05]

thanks, i have to say this is very well designed. added another 92 ghs to make it an even 100 ghs, price is not as cheap as physical hardware purchase but the ability to flip the ghs on a dime instantly and without having to deal/worry about scams/escrow is a big plus.  They have a limited supply of ghs as you cant fake that, so with more and more people get wind of this, price should have some support.

Not looking to make any big money, just cool to get back to mine again.  

I like cex.io.

[z0rr0]

Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee? 
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

[OleOle]

Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee? 
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

[z0rr0]

Well this is strange... in trade section of cex.io appeared notice about "3% pool fee", while at ghash.io page "Pool fee is 0% ! However, we have NMC merged mining to cover pool expenses."
So it is interesting, what is the total fee? 
May be 3% fee is for purchased ghashes and 0% fee is for private miners connected to ghash.io with their own equipment?..hmm

Yeah, it would be good to find that out. I've been wondering if it's worth pointing my rig at the ghash.io pool and if there is any advantage for doing that. I don't have any idea about NMC merged mining with ghash.io pool or purchased GHS though, I'm going to have to read the small print I think. Namecoins are hardly worth anything and have dropped pretty heavily with the recent rise in BTC. My main pool BTC Guild produces NMC but I hardly think it's worth it sometimes, but maybe with ghash.io the NMC offsets the fees?

Thanks for bringing this point up, it's interesting and certainly worthy of more investigation.

Well. I've got an answer at cex.io support desk:
"We have 0% fee both for sold GHS and miners connected to ghash.io. I have updated contract details at CEX.IO. Sorry for misleading information.
October 20, 2013 11:11
Alexander V
Cex"

NMC merdged mining worth about 1% of additional income.

[Zaghomat]

Can i sell gh/s that  i physically own or is it only their hashing power?