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Author Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***  (Read 421589 times)
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skuser
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January 07, 2015, 10:51:07 AM
 #1641

I think it's perfectly inline with shady behaviour usual in bitcoin space to play dead for cex.io owners instead of having clear exit strategy in case of fees higher than revenues. Probably because their fees are substantially higher than real maintenance costs and they are trying to squeeze as much money as possible for uneducated public.

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January 07, 2015, 11:21:59 AM
 #1642

Hodling GHs doesn't seem to be profitable. Still a pretty decent trading platform though.

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January 07, 2015, 11:40:19 AM
 #1643

Hodling GHs doesn't seem to be profitable. Still a pretty decent trading platform though.

yes, cex is only for trading now
if u want mining you should choose other campany
my GH give me negative balance everyday Smiley
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January 07, 2015, 11:45:03 AM
 #1644

Hodling GHs doesn't seem to be profitable. Still a pretty decent trading platform though.

yes, cex is only for trading now
if u want mining you should choose other campany
my GH give me negative balance everyday Smiley

Consider taking a look at BIT-X.com (announcement thread here: https://bitcointalk.org/index.php?topic=874312.0)

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January 07, 2015, 07:18:54 PM
 #1645

Problem with other cloud mining companies is they're often Ponzi and I've not heard of any of them being profitable?

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January 08, 2015, 04:39:07 AM
 #1646

is the party over  ?     cex, just buy back the shares  and get some new hardware, jesus christ man.   ur cows are running out of milk, its going to be powder milk soon.
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January 08, 2015, 11:28:45 AM
 #1647

OMG! GHS price 0.0008, I sold @ 0.0016 few weeks ago, should I buy?

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January 08, 2015, 11:32:22 AM
 #1648

OMG! GHS price 0.0008, I sold @ 0.0016 few weeks ago, should I buy?

can we earn in cex?
if we will have negative balance 0,0008 even 0,00001 is expensive..
But if u thing about trading, thats different Smiley

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January 08, 2015, 01:27:05 PM
 #1649

Actually I am thinking about trading but I guess I will wait more.

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January 08, 2015, 03:37:07 PM
 #1650

Actually I am thinking about trading but I guess I will wait more.

Wouldn't it be more logical to own asset which generates some income and trade it at the same time, like umisoo from hashnest or amhash?

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January 08, 2015, 07:52:13 PM
 #1651

Problem with other cloud mining companies is they're often Ponzi and I've not heard of any of them being profitable?

BIT-X.com has proven their legitimacy, even in regards to their mining capacities.

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January 11, 2015, 06:06:02 PM
 #1652

OMG! GHS price 0.0008, I sold @ 0.0016 few weeks ago, should I buy?

Wow. Yeah, that is pretty damn low. Sold mine a while ago too, maybe it is a good time to buy.

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January 12, 2015, 12:47:38 PM
 #1653



CEX.IO Temporarily Suspends Cloud Mining Services

Taking into consideration our users' interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

According to the 11.5. paragraph of CEX.IO Terms of Use: 
"Mining with using User's Gigahashes can be stopped by CEX.IO if the amount of the Maintenance Cost exceeds rewards for each mined block or if the mining is economically inexpedient."

Thereby, all GHS formerly purchased by CEX.IO users remain their absolute property, with appropriate figures reflected in users' profile balance. Additionally users will be able to manually enable mining with Gigahashes by their own choice.

“Suspension of CEX.IO cloud mining service is only a forced temporary measure, the result of cloud mining costs exceeding mining profit,” Jeffrey Smith, Chief Information Officer of CEX.IO. “Currently all cloud mining/maintenance costs are directed to the Hardware provider, hence, we are open for negotiations with additional mining hardware providers, who can offer favourable terms. And, as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed.”

Meanwhile, CEX.IO will continue operating as full service exchange platform for trading cryptocurrencies and fiat money.

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January 12, 2015, 02:31:26 PM
 #1654



CEX.IO Temporarily Suspends Cloud Mining Services

Taking into consideration our users' interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

According to the 11.5. paragraph of CEX.IO Terms of Use: 
"Mining with using User's Gigahashes can be stopped by CEX.IO if the amount of the Maintenance Cost exceeds rewards for each mined block or if the mining is economically inexpedient."

Thereby, all GHS formerly purchased by CEX.IO users remain their absolute property, with appropriate figures reflected in users' profile balance. Additionally users will be able to manually enable mining with Gigahashes by their own choice.

“Suspension of CEX.IO cloud mining service is only a forced temporary measure, the result of cloud mining costs exceeding mining profit,” Jeffrey Smith, Chief Information Officer of CEX.IO. “Currently all cloud mining/maintenance costs are directed to the Hardware provider, hence, we are open for negotiations with additional mining hardware providers, who can offer favourable terms. And, as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed.”

Meanwhile, CEX.IO will continue operating as full service exchange platform for trading cryptocurrencies and fiat money.

So, what would happen to those who bought lifetime contract from CEX ?

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January 12, 2015, 03:03:27 PM
 #1655


Thereby, all GHS formerly purchased by CEX.IO users remain their absolute property, with appropriate figures reflected in users' profile balance. Additionally users will be able to manually enable mining with Gigahashes by their own choice.

“..as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed.”

Meanwhile, CEX.IO will continue operating as full service exchange platform for trading cryptocurrencies and fiat money.

So, what would happen to those who bought lifetime contract from CEX ?

Your account remains on the website, and your balance does not change. If you had GHs, you will still have them, but you will not mine with them. You can, however, resume mining manually if you choose. In any case, you can trade GHs for BTC or any other currency of your choice. CEX.IO is still a fully functioning exchange.

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Dilemma
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January 12, 2015, 03:05:13 PM
 #1656

Ceix stop mining
so what will do our GH's
can we do mining in the future with them?

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January 12, 2015, 03:29:20 PM
 #1657

Ceix stop mining
so what will do our GH's
can we do mining in the future with them?

Yes, you can. You will be able to resume mining by enabling it manually in your account settings.

In the future, when we see there is a good chance that the mining is profitable again, we will switch it on again.

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sorryforthat
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January 12, 2015, 06:05:48 PM
 #1658



CEX.IO Temporarily Suspends Cloud Mining Services

Taking into consideration our users' interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.

According to the 11.5. paragraph of CEX.IO Terms of Use: 
"Mining with using User's Gigahashes can be stopped by CEX.IO if the amount of the Maintenance Cost exceeds rewards for each mined block or if the mining is economically inexpedient."

Thereby, all GHS formerly purchased by CEX.IO users remain their absolute property, with appropriate figures reflected in users' profile balance. Additionally users will be able to manually enable mining with Gigahashes by their own choice.

“Suspension of CEX.IO cloud mining service is only a forced temporary measure, the result of cloud mining costs exceeding mining profit,” Jeffrey Smith, Chief Information Officer of CEX.IO. “Currently all cloud mining/maintenance costs are directed to the Hardware provider, hence, we are open for negotiations with additional mining hardware providers, who can offer favourable terms. And, as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed.”

Meanwhile, CEX.IO will continue operating as full service exchange platform for trading cryptocurrencies and fiat money.

Why cant you update the site to enable features that would allow to use GH/s for other coins? That way we aren't waiting for months and can make use of our investment?
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January 12, 2015, 07:21:42 PM
 #1659

Can we see any drop in hashing power due to Cex switched off?

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January 12, 2015, 07:33:39 PM
 #1660

Can we see any drop in hashing power due to Cex switched off?

there would be a drop if there were any physical devices behind cex.io

that was the largest and longest going ponzi
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