**CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***

[croato]

just fyi, you can make good money on cex.io. you can buy or sell without fee and sure mining give more coins lately

[elasticband]

i have bought ghs on cex.io. how can i setup miner to mine litecoins?

Goto the advanced settings page, keep scrolling right and the  click the pleb button, srypt will be enabled for you.

[croato]

Thank you mate. I am fairly new in altcoin world so i am happy when expirienced users help me with advices to start.

[Maidak]

You can't mine scrypt coin with the current cloud hashing they have as its SHA-256. You'll need to use your own personal hardware and point it to the scrypt pool.

Adding USD and other alt currencies to the exchange part of the website I think is a pretty great way to make it the go to site for any and everything. The fees were going to happen sooner or later as they're moving into more of a full on exchange platform. I'm very curious to see how it will turn out after adding fiat to the mix and what type of limitations it will have.

[Icon]

>Pool fee is 0% ! GHash.IO SCRYPT Multi Pool is open for beta testing. To get access, request an invite from webmaster@ghash.io. The most active testers will be rewarded with GHS! <


So this.. just how much and when do we get the free gh/s for being beta testers?

Thanks

Icon

PS

And what consists of most active testers i got a 1 miner on 24/7 does that consider me as most active tester or just the 1's with the most hash rate?

[PatMan]

i have bought ghs on cex.io. how can i setup miner to mine litecoins?

Goto the advanced settings page, keep scrolling right and the  click the pleb button, srypt will be enabled for you.

They got a button specifically for "plebs" now? 

[elasticband]

i have bought ghs on cex.io. how can i setup miner to mine litecoins?

Goto the advanced settings page, keep scrolling right and the  click the pleb button, srypt will be enabled for you.

They got a button specifically for "plebs" now? 

  Yeah i get cheeky when I've had a beer..... or maybe i was hung over, i know alcohol was involved though.

[PatMan]

Truth always comes out when you're pissed....... (or stoned - or both)

[Maidak]

The multipool is pretty cool I just recently got the link to join and pointed my scrypt hashing over there. First multipool I've ever used thus far and its only getting more of an increase in popularity. IMHO I see this as potentially threatening to the new most "profitable" alt coin as more an more of them pop up in the wild.

[Shawnchapp]

And what consists of most active testers i got a 1 miner on 24/7 does that consider me as most active tester or just the 1's with the most hash rate?

I'd also like to know this....

I'm liking the multi pool however I'm getting tons of stales like over 500 stales in the last few hours...

Anyone else have this problem? also would it help if i didn't have all the coins selected for mining?

[vm_mpn]

And what consists of most active testers i got a 1 miner on 24/7 does that consider me as most active tester or just the 1's with the most hash rate?

I'd also like to know this....

I'm liking the multi pool however I'm getting tons of stales like over 500 stales in the last few hours...

Anyone else have this problem? also would it help if i didn't have all the coins selected for mining?

Me like it too

Getting plenty of stales and duplicates myself... More or less expected for beta multi-pool. Unchecked LTC for now - difficulty is too high for such a small pool. Unchecked CAT and FLOP - looks like everybody else did as well. Lol... We just hit 250k DODGE block - payout is huge!

BOOM! another one

These two DOGE blocks made over 30% of my earnings in the last 24 hours.

[Shawnchapp]

Me like it too

Getting plenty of stales and duplicates myself... More or less expected for beta multi-pool. Unchecked LTC for now - difficulty is too high for such a small pool. Unchecked CAT and FLOP - looks like everybody else did as well. Lol... We just hit 250k DODGE block - payout is huge!

BOOM! another one

Ah maybe i should try the same thing also looks like i found a bug... says i made 0.00330997 FTC but still says 0 in my account where we suppose to send bug reports?

Also does anyone know if checking "Drop miner jobs when switching coins" is better or worse...



UPDATE Also appears CAT isn't paying out either

[Verge]

And what consists of most active testers i got a 1 miner on 24/7 does that consider me as most active tester or just the 1's with the most hash rate?

I'd also like to know this....

I'm liking the multi pool however I'm getting tons of stales like over 500 stales in the last few hours...

Anyone else have this problem? also would it help if i didn't have all the coins selected for mining?

Same here, if it's "active" as in keeping my miners at the pool I am good, if it is only for those with large hash-rates than nothing too exciting here.

[vm_mpn]

Correct me if I'm worn (lol... wrong) but I think this pool mines multiple coins at the same time directing our hash power to the most profitable coin from our coin selection (profitability) list. This can possibly explain why payout is 0 for some blocks under our personal share. We simply mined something else at the time block being found by other miners. With AUR block below I'm a bit confused - is it orphaned? Have we worked on it but it has been found /confirmed by other pool first?  



Same thing I think - due to very fast block generation of CAT some miners simply did not have a chance to participate.



I've emailed GHASH support to see if we can get little guidance on how this pool works but I'm not holding my breath on this one.

Yes, earnings are low right now due to low hashing power and limited coin selection... Hope this will be changing as we moving forward.

[Verge]

I have pointed my own miners to CEX.IO to mine scrypt coins and have been happy with the results so far. I was going to use some of my profits to buy some of their GHS, as it sounds attractive having cloud based miners. I am having some difficulty trying to figure out the profitability part though, and hope someone can enlighten me.

According to the profit calculator on their site, if I buy say 10 GHS at current rates it will cost me approximately 0.11488 BTC for those 10 GHS. Going to the 'Estimate Profit" calculator I enter in my theoretical 10 GHS and leave the other settings at default I get a cumulative profit of only 0.05 BTC before it stops returning anymore. This is not even 1/2 of what it would cost me to purchase the hash-rate.

I cannot believe people are buying hash at twice the expected return, so I assume I need to change from the default values in the calculator to make proper projections. I further assume the maintenance fee and pool fee cannot be changed from 3% each? If so, please let me know. This would then leave the values for current difficulty (again I assume this is from the block chain), difficulty increase per month (default 50), conversion rate and conversion increase per month. If someone can help give me the appropriate values to base my estimates on I would be extremely thankful.

[Light]

I'm pretty sure you're calculation is right Verge (although you could check it on any web mining calculator). The main reason for this is people hope that if they sell off their GHs, the mining profits and the sale will give them a net profit and hence from a pure mining standpoint you'll always lose money by mining there. It really just is a trading platform using GHs as a commodity which happens to have the ability to mine while constantly devaluating as a result of difficulty increases.

[Verge]

I'm pretty sure you're calculation is right Verge (although you could check it on any web mining calculator). The main reason for this is people hope that if they sell off their GHs, the mining profits and the sale will give them a net profit and hence from a pure mining standpoint you'll always lose money by mining there. It really just is a trading platform using GHs as a commodity which happens to have the ability to mine while constantly devaluating as a result of difficulty increases.

Thanks for the response Light. I was just hoping I was missing something as it sounded like good idea, but I will just keep my profits and look elsewhere to invest them.

[dyask]

I have pointed my own miners to CEX.IO to mine scrypt coins and have been happy with the results so far. I was going to use some of my profits to buy some of their GHS, as it sounds attractive having cloud based miners. I am having some difficulty trying to figure out the profitability part though, and hope someone can enlighten me.

According to the profit calculator on their site, if I buy say 10 GHS at current rates it will cost me approximately 0.11488 BTC for those 10 GHS. Going to the 'Estimate Profit" calculator I enter in my theoretical 10 GHS and leave the other settings at default I get a cumulative profit of only 0.05 BTC before it stops returning anymore. This is not even 1/2 of what it would cost me to purchase the hash-rate.

I cannot believe people are buying hash at twice the expected return, so I assume I need to change from the default values in the calculator to make proper projections. I further assume the maintenance fee and pool fee cannot be changed from 3% each? If so, please let me know. This would then leave the values for current difficulty (again I assume this is from the block chain), difficulty increase per month (default 50), conversion rate and conversion increase per month. If someone can help give me the appropriate values to base my estimates on I would be extremely thankful.

If you are looking at BTC, it isn't profitable by just cloud mining.   The growth of the pool size (which get reflected with difficulty) and the fees will kill your profits.   The biggest problem is that GHS is still way overvalued and the price of it drops faster than the mining proceeds build up.   Trading can make up the difference and the income from mining can make the trading even more profitable.   However, trading fees are going to kill that.   I used to love CEX.IO, but I don't see how to make money there anymore.   I actually pulled out over a month ago at a .5 BTC loss, but I'm easily made that back a scrypt.cc.   That is a much safer place to mine. 

[Maidak]

I have pointed my own miners to CEX.IO to mine scrypt coins and have been happy with the results so far. I was going to use some of my profits to buy some of their GHS, as it sounds attractive having cloud based miners. I am having some difficulty trying to figure out the profitability part though, and hope someone can enlighten me.

According to the profit calculator on their site, if I buy say 10 GHS at current rates it will cost me approximately 0.11488 BTC for those 10 GHS. Going to the 'Estimate Profit" calculator I enter in my theoretical 10 GHS and leave the other settings at default I get a cumulative profit of only 0.05 BTC before it stops returning anymore. This is not even 1/2 of what it would cost me to purchase the hash-rate.

I cannot believe people are buying hash at twice the expected return, so I assume I need to change from the default values in the calculator to make proper projections. I further assume the maintenance fee and pool fee cannot be changed from 3% each? If so, please let me know. This would then leave the values for current difficulty (again I assume this is from the block chain), difficulty increase per month (default 50), conversion rate and conversion increase per month. If someone can help give me the appropriate values to base my estimates on I would be extremely thankful.

If you are looking at BTC, it isn't profitable by just cloud mining.   The growth of the pool size (which get reflected with difficulty) and the fees will kill your profits.   The biggest problem is that GHS is still way overvalued and the price of it drops faster than the mining proceeds build up.   Trading can make up the difference and the income from mining can make the trading even more profitable.   However, trading fees are going to kill that.   I used to love CEX.IO, but I don't see how to make money there anymore.   I actually pulled out over a month ago at a .5 BTC loss, but I'm easily made that back a scrypt.cc.   That is a much safer place to mine. 

I joined scrypt.cc tested it out ran a ad campaign and dumped a bitcoin into it. Left it be then I started seeing some ponzi sites popping up all over in the gambling place and from there I just started thinking on how a scrypt farm was really capable then my speculation started to set in that scrypt.cc is nothing more then a ponzi scheme. I am not saying its true or not but they dont let you cashout in anything other then what you can buy the scrypt hashing power with. They don't inform you on which coin is mined nor an option to keep that coin. It could be legit but I like to see data in my cloud hashing that I use.

When I joined cex.io it was shortly after I got my 3 BFL units in October or november. I was never one to really mine on the go-to or largest pool I liked the underdog pools where more luck was involved. I really thought the idea of being able to just increase my hashing power with portions of my earnings was an amazing offer. Last week I was curious to see my all time profit that i've withdrawn and what i've deposited and compare to some calculators. I didn't hit no jackpot but I was able to keep up with difficulty rates maintain a steady monthly payout and made more mining there then I would have if I just kept my 120 GHS on some other pool.

Now I didn't partake to much in the day trading aspect of the GHS however I made sure when I purchased more GHS it was during panic sells or when I seen a abnormally large red candlestick for no apparent reason. I have sold out on GHs completely to at certain high peaks but it wasen't very consistent and I can say I've made some bad trades to one was rather recent about a month ago and lost nearly a entire bitcoin. Since i've been on cex I haven't needed to upgrade any of my hardware and gained roughly 200GHS alone in referral bonuses extra.

The price per GHS they offer is not very far off from buying physical hardware from another store that most likely wont deliver for weeks or months and by the time you get it its already lost its value. The joy of having the ability to own 1000GHS right this minute is something everyone has wanted and the cool thing its not a contract. It really all boils down to preference, careful trading, and of course risk no matter which way you look at it.

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