CEX.IO Has anyone used it?

[balanghai]

so far it has been rewarding. You just have to be on the right timing.

[madhatter.]

It looks like a great site. First time seeing site selling hashrate. I will try this in the future.

[Maidak]

I run 37gigs currently I got some faith.

[grothendieck]

I have a cloudhashing contract and it's a scamm. I hope that it's not the same but it looks like more serious..

[s1lverbox]

I have a cloudhashing contract and it's a scamm. I hope that it's not the same but it looks like more serious..

Look here and check how many people asked for refund and how many got it:

https://bitcointalk.org/index.php?topic=173316.msg3412630#msg3412630

[otov4its]

I have a cloudhashing contract and it's a scamm. I hope that it's not the same but it looks like more serious..

Right its naked scamm.
Where there may be a fair price? Only exchange. Your welcome CEX.io

[JessicaSe]

Calculated, the difficulty increment is too much to really ROI..

[sedative]

Calculated, the difficulty increment is too much to really ROI..

At the current price I agree.  Perhaps because this is fairly new people are overlooking this and just want in.  Or could be that I'm just overly pessimistic. 

[ekiro]

I wish to know the same. I like the idea of buying mining capacity. I have signed up and will give them a try. It seems a bit tricky though given the unpredictable difficulty bumps. And going forward I suspect it to grow exponentially. Kinda like Moore's law.

I think your best bet will be trading your local currency for BTC and capitalize on the gains there.  It's extremely volatile and if you know your stuff you ought to do well.

[Vancityguy]

It's definitely an interesting idea.  Trading a constantly deflating asset seems to have a limited timeframe to make effective however.  If your savvy with the market it's possible you could make some profit and free hash power to boot.  I would be fairly cautious with it however as many are going to get burnt overpaying for hash power that will never return what they paid for it.

[Two9A]

It is an intriguing idea. I only have a tiny amount of BTC, so I bought 80MH on Cex: in addition to the 330MH of my little Block Erupter, I'm positively rolling in satoshis.

It does seem, however, that you can roll your mining output into the purchase of more hashing power on Cex, so I might do that. 0.1GH, here I come...

[Shynume]

Although it looks a bit complicated I'm gonna go ahead and try out CEX  today  Wish me luck!

[odolvlobo]

Although it looks a bit complicated I'm gonna go ahead and try out CEX  today  Wish me luck!

I'm curious about why you are going to try it out. How much do you think you will earn? Can you please show me how you have estimated your return? Do you think that you will earn more than the 0.95 per GH/s that it costs?

[sedative]

It's been hovering around $16-$19 per GH for the last few days which still seems a bit too high for me.

[odolvlobo]

It's been hovering around $16-$19 per GH for the last few days which still seems a bit too high for me.

It is better to think in terms of BTC rather than dollars because mining generates BTC.

Consider this: if BTC dropped in value by 90%, then the price for 1 GH/s would become between $1.60 and $1.90. Wouldn't that be an awesome deal? No, because the revenue (in dollars) from mining would also be cut by 90%.

[sedative]

Is it just me or has ghash.io been working 4 hours and got nothing?

[wrenchmonkey]

Is it just me or has ghash.io been working 4 hours and got nothing?

Are you not familiar with Bitcoin mining? Block 266311 took 5 hours to solve. 266261 took less than a minute. These things fluctuate and average out. Give it time to solve a few blocks.

[OracionSeis]

USELESS! WASTE OF TIME AND MONEY!

[geofflosophy]

CEX.io shares are currently overpriced. The cost is 0.09898 BTC/GH, and 1 GH will never earn that many BTC at current and projected future difficulty levels. I would consider buying at around 0.04 BTC, but it doesn't look like anyone is willing to sell at that level right now. Ultimately there will be a lot of bag holders.

[DiamondCardz]

1GH/s makes about this much:

http://eligius.st/~wizkid057/newstats/userstats.php/1Diamond81T9za2ZDwnY92TpvjXAN9DbWi (3 block eruptors)

It's not really worth buying, unless you can quickly sell for a similar amount.