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Author Topic: CEX.IO Has anyone used it?  (Read 4328 times)
cesmak
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October 11, 2013, 11:23:03 AM
 #21

I'm using it, and i think is not so bad.

Gh/s quotes are lowering, today we are at 0,199xx, the pool (GHash.io linked to Cex.io) is near 300TH/s, we are mining from 20 to 30 or more blocks a day, so is going strong.

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fattypig
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October 11, 2013, 01:00:25 PM
 #22

I'm using it, and i think is not so bad.

Gh/s quotes are lowering, today we are at 0,199xx, the pool (GHash.io linked to Cex.io) is near 300TH/s, we are mining from 20 to 30 or more blocks a day, so is going strong.

i'm waiting for it to go lower around 0.15

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October 11, 2013, 03:13:16 PM
 #23

You're paying to lose coins in my opinion. I wouldn't throw my money in
Wrong, a lot people have earned when they purchase at the price of 0.2GH/S weeks ago and they are collection dividend everyday.

The fact that the price is higher now even after the difficulty just went up 30% shows that there are a lot of uninformed people buying these shares.

In the end, someone has to lose money -- either you or the person that buys your shares.


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cshelswell
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October 14, 2013, 05:37:16 AM
 #24

I've just started using it too. Actually quite like the idea. I've got a real rig that i have to keep an eye on pointed at the pool and some Ghashes that i've bought just working away without me doing anything.

Going to give it a shot and see if it can work for me Smiley

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October 14, 2013, 10:35:47 AM
 #25

The difficulty will adjust in 2 days time and its a huge difference, so better to wait the adjustment before buying.
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October 14, 2013, 10:54:31 AM
 #26

The difficulty will adjust in 2 days time and its a huge difference, so better to wait the adjustment before buying.

Agree its always good to wait for the difficulty changes to happen be4 buying in.

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October 14, 2013, 08:56:55 PM
 #27

The difficulty will adjust in 2 days time and its a huge difference, so better to wait the adjustment before buying.
Agree its always good to wait for the difficulty changes to happen be4 buying in.

The upcoming difficulty change should really have no major impact on the price. We already know that it is going to be about 30%, so there is no reason why the current price hasn't factored that in.

However, there are so many people blindly buying shares, and it will take yet another 30% jump in the difficulty to open their eyes. So, expect a drop after the difficulty rises (which means that you should sell before that happens).

Basically, 1 GH/s will mine less than 0.16 BTC, so if you are paying 0.18 BTC for 1 GH/s, you are throwing away 0.02 BTC.
This assumes that the difficulty will rise about 60% per month, but keep in mind that the difficulty has been going up 75% per month for the last 8 months.

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October 14, 2013, 11:24:43 PM
 #28

I don't know if it is legitimate or not, but they are selling 1 GH/s for 0.213 BTC, when it is worth less than 0.185 BTC.

Where do you find the market for that?
Keep in mind that you are able to sell these GH/s anytime.

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October 14, 2013, 11:30:54 PM
 #29

Looks like ghash.io went down for a short time today. So my hash went down to 0 when they came up my ~6GH/s was boosted to ~14GH/s until my ave rate came back. You can't do that at home!




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October 14, 2013, 11:52:44 PM
 #30

I don't know if it is legitimate or not, but they are selling 1 GH/s for 0.213 BTC, when it is worth less than 0.185 BTC.

Where do you find the market for that?
Keep in mind that you are able to sell these GH/s anytime.

That was last week. Right now the price is about 0.18 BTC for 1 GH/s, which will mine less than 0.16 BTC.

Yes, you can sell any time, but if you pay too much for 1 GH/s, the only way you can recover your money is to find another sucker that will pay even more. It's kind of like a pyramid scheme.

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October 15, 2013, 03:41:29 AM
 #31

I don't know if it is legitimate or not, but they are selling 1 GH/s for 0.213 BTC, when it is worth less than 0.185 BTC.

Where do you find the market for that?
Keep in mind that you are able to sell these GH/s anytime.

That was last week. Right now the price is about 0.18 BTC for 1 GH/s, which will mine less than 0.16 BTC.

Yes, you can sell any time, but if you pay too much for 1 GH/s, the only way you can recover your money is to find another sucker that will pay even more. It's kind of like a pyramid scheme.

It's  a perpetual ming bond somehow Wink

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Andrey
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October 25, 2013, 06:55:26 PM
 #32

You can redeem mining device from them now. No preorders, just pick yourself tested device from those listed on their page

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October 25, 2013, 06:59:03 PM
 #33

I'm using it, and i think is not so bad.

Gh/s quotes are lowering, today we are at 0,199xx, the pool (GHash.io linked to Cex.io) is near 300TH/s, we are mining from 20 to 30 or more blocks a day, so is going strong.


Last blocks was found with 520TH/s of speed so its fast as hell.


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inform
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October 25, 2013, 07:09:09 PM
 #34

I'm using it, and i think is not so bad.

Gh/s quotes are lowering, today we are at 0,199xx, the pool (GHash.io linked to Cex.io) is near 300TH/s, we are mining from 20 to 30 or more blocks a day, so is going strong.

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Getting too old for all this.


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October 25, 2013, 07:30:29 PM
 #35

With difficulty increasing logarithmically, the sooner your bitcoins turn into hashes, the better.

By the time you buy a big old mining rig, finally receive it and successfully set it up (along with the air conditioner), it may have already halved in the revenue it can bring in.

With a platform like CEX, given that you buy in at the right time, you can start making returns right away, and effortlessly reinvest those BTC into more GHS. That lets you focus on life instead of babysitting short-lived hardware.

It also offers a 3% bonus referral program (see sig) Smiley
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October 25, 2013, 10:27:55 PM
 #36

I created an account at cex.io 2 days ago and purchased 2BTC worth of GH at 0.083.  I sold the GH a few hours ago at 0.094 and will probably wait until after the difficulty increase tonight to make a decision on whether to re-invest.

Some people believe that the GH price has already adjusted for the upcoming difficulty change, but I am not so confident.
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October 25, 2013, 11:03:44 PM
 #37

I'd just arrived at the same conclusion.. having run the numbers it looks like an eventual valuation of approx 0.088 would be expected, but I'm prepared for some movement either way in the meantime.
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October 26, 2013, 12:00:16 AM
 #38

I have a 7GH Jalepeno coming from BFL within the next 2 weeks but I paid $400USD for it.  At CEX that same $400USD would have gotten me at least triple that amount of GH.  I just hope by the time I get my Jalapeno that I can sell it for $300USD on ebay.

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October 26, 2013, 12:05:51 AM
 #39

I think services like CEX.IO usually aren't worth it, since they would make more money by simply running the hardware themselves if it was profitable to buy hashing power there.
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October 26, 2013, 01:40:38 AM
 #40

Perhaps, but you have to ask, where do all their rigs come from? It comes down to your funding model. CEX is a unique deferred ownership growth model based on a market platform. These GHS are market-owned and accounted for. Now that they've scaled it up as they have, they can't buy in too deep without harming the market. Sure the GHS depreciates naturally, but so does the real hardware.

If they simply had the capital to buy and run so many rigs in the first place, then sure you might be right, but a plan is a plan, and lower start-up costs are attractive. Also, to offset costs, they're using these crowd-funded rigs to merge-mine.

*I might be wrong about all of this, but it's how it appears from here.
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