CEX.IO

[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.

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.

Alright, thanks for finding that out, much appreciated. I'm assuming that the merged NMC mining is internal to the ghash.io pool and CEX convert this into BTC and we benefit? I wonder if there's any information on transaction fees? Some pools return a portion of fees to the users as additional revenue but maybe CEX keep these to enable the trades to be free?

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

As far as I know you can only sell their own hashing power. You can however, point your own rig at the ghash.io pool, click the "ghash.io" tab on the top bar of the home page, that will take you to the stratum server info that you need to configure your miner. You need to be registered to use their pool.

[1715203741]

1715203741

[1715203741]

1715203741

[z0rr0]

It is stated that they use "NMC merged mining to cover pool expenses".
Information regarding transaction fees needs to be clarified at their support team I guess.

I've done some simple math with provided mining data, and as far as I can tell, they divide the full block reward (including transaction fees) to miners according to their shares ratio.

[Taras]

I bought 0.36101079GH and i'm hashing at .48! 

[mogrith]

I bought 0.36101079GH and i'm hashing at .48! 

It will come down over time to be at your paid level. It may be up to bring your 1hr ave into line.

you can goto https://www.ghash.io/workers and see a chart of hourly ave for your account.

[OleOle]

I bought 0.36101079GH and i'm hashing at .48! 

You have to be happy with that!

As commented, it is likely to smooth down to your purchased level, but if it doesn't let us know exactly what you did and I'm sure a few folks will be anxious to emulate your actions

[SendCookies]

Is CEX.IO down for anyone else atm?

[OleOle]

Is CEX.IO down for anyone else atm?

Seems normal, I just withdrew some coins a few minutes ago. Seems to be fully functioning from what I can tell here.

[mogrith]

fine for me also in Califorina

[cshelswell]

also still working in New Zealand

[SendCookies]

I had an affiliate question if neone could help. Does your affiliate have to buy 1btc worth of gh/s in one transaction or will you get the 1 gh reward when your affiliates reach 1 btc in buys even if that is over multiple buys?

TY in advance for your help.

[CEG5952]

can anyone comment on the returns they are seeing from this? worth buying into? thanks.

[mogrith]

can anyone comment on the returns they are seeing from this? worth buying into? thanks.

If you are talking about buying hundreds of GH/s you'r better off buying hardware if you want the pay off to be from mined coins.
You can also speculate buy some at .13xxx and sell later at .18xxx  with added bonus that its mining coin while waiting for price to swing your way. (note it may never do so)

I have a whopping 5.84GH/s invested and here are my last few returns

Code:

5285776	2013-10-21 17:18:21	0.00027309 xxxxxxx	 MINING	Block #265106 (25.3995), Score: 10752/1000006450=0.00%
5283609	2013-10-21 16:22:25	0.00027369	xxxxxxx	 MINING	Block #265094 (25.1555), Score: 10880/1000005741=0.00%
5281868	2013-10-21 15:47:49	0.00026446	xxxxxxx	 MINING	Block #265088 (25.0438), Score: 10560/1000007518=0.00%
5280247	2013-10-21 14:51:32	0.00026482	xxxxxxx	 MINING	Block #265084 (25.0022), Score: 10592/1000006413=0.00%

as the pool gets larger my share gets smaller as difficulty goes up time for each block will go up.

[juhakall]

can anyone comment on the returns they are seeing from this? worth buying into? thanks.

I made some returns trading up to 40 GH/s back and forth. Around 0.5 BTC + the mining income. Most likely I was just lucky, though. I don't really understand how people overvalue this hashpower so much.

[scarsbergholden]

can anyone comment on the returns they are seeing from this? worth buying into? thanks.

I made some returns trading up to 40 GH/s back and forth. Around 0.5 BTC + the mining income. Most likely I was just lucky, though. I don't really understand how people overvalue this hashpower so much.

that's what i don't get. it just seems like a bad move to make given other investment options. the only way it works, it seems, is because so many people overvalue the hashpower, so basically just passing the buck onto the next gullible person. kind of like the bitcoin potato....

[NineLives]

Question,

Say I buy 5GH/s, and the difficulty increases.  Am I right to assume that the value of 5GH/s dramatically decreases?

[Micky25]

Yes

[NineLives]

Yes

Then CEX is a sure way of burning your coins quick..

[Rannasha]

Yes

Then CEX is a sure way of burning your coins quick..

Yes. Just like any other form of mining right now.

[scarsbergholden]

Yes

Then CEX is a sure way of burning your coins quick..

exactly. this only works because you can sell your share to an even more gullible newb down the road...

[GreenBits]

Yes

Then CEX is a sure way of burning your coins quick..

exactly. this only works because you can sell your share to an even more gullible newb down the road...

hit nail on the head. greater fool's game.

some things ive observed:
+ keep small positions to exit quickly
+ enter positions looking for valuation on uptrends, not from mining profits. the longer you hold with this, the more market variance you are exposed to
+ be careful with reinvesting mining profits. check price before you extend your position
+ keep an eye on the time till the difficulty change
+ keep an eye on the severity of the upcoming difficulty change
+ buying pressure is strongest right after the change
+ selling pressure begins a few (3-4?) and peaks right before the change


read and understand the order book constantly!