FloridaBear
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September 22, 2014, 02:00:14 AM |
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Actually at projected next difficulty rise 20% and BTC exchange rate at $400 this is going to happen within 2 weeks and according to point 11.5 of their terms they can just stop hashing and the game is over https://cex.io/termsIts gonna happen in ~4 days. Current projections show next difficulty will be 35.8B. At that difficulty, and todays exchange rate, 1GH would mine $0.1607 per month. Cex.io maintenance fees are $0.18 per month. Game over. BTW, if my math isnt wrong, theoretically 1 share ought to mine 0.00001686 BTC per day now Subtract maintenance fees ($0.15/30 days/$381 per btc) -0.00001572 BTC = 0.00000113 BTC dividend per day. Multiply by 4 remaining days and I get 0.00000453 BTC That would be fair value. Its trading 640x higher lol. Well said. Unless there is a drastic drop in fees, fireworks start shortly.
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ryukamiho
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September 22, 2014, 02:24:24 AM |
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Sold all ghs i had in a good value just waiting for this day.
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logictense
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September 22, 2014, 01:31:42 PM |
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I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc. I used to have a BFL 30 ghs miner, which i had directed to CEX.io a few months ago. The main reason I did this was to collect the merge mined IXcoin, Devcoin, and Namecoins, at 0% pool fee, a service not offered by BFL's pool, or Bitminter.
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Puppet
Legendary
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Activity: 980
Merit: 1040
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September 22, 2014, 03:05:03 PM Last edit: September 22, 2014, 03:16:48 PM by Puppet |
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I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.
What are you smoking? Price was never 0.019 at cex.io, well not until today. ANd who do you think you'd sell it for at .044?
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FloridaBear
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September 22, 2014, 06:46:29 PM |
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I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.
What are you smoking? Price was never 0.019 at cex.io, well not until today. ANd who do you think you'd sell it for at .044? I'm also assuming logictense is missing a zero in those prices, e.g. .0019 and .0044, otherwise that makes even less sense...or maybe he bought at .019 and meant he was to sell at .0044 (but it's never going back there) or .00044 ;-)
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kingscrown
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September 23, 2014, 03:41:11 AM |
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CEX rocks, i love to use them
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ryukamiho
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September 23, 2014, 11:59:22 PM |
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I am mining for like 4 hours straigth with 2.2 mhs at ghash multipool. and after like 120 + blocks from different coins i have not yet gained a single btc converted...
All blocks having confirmations and shares of mine but nothing. What is wrong?
329066 WDC 2014-09-23 23:46:13 1493192 40.71587126 20 2816/8292513 0.00000000 0.00000000 329065 WDC 2014-09-23 23:44:58 1493190 40.71587126 22 1280/2535542 0.00000000 0.00000000 329064 WDC 2014-09-23 23:44:35 1493189 40.71587126 23 2176/5447845 0.00000000 0.00000000 329063 WDC 2014-09-23 23:43:10 1493188 40.71587126 24 2688/8187324 0.00000000 0.00000000 329062 WDC 2014-09-23 23:41:56 1493186 40.71587126 26 512/871007 0.00000000 0.00000000 329061 WDC 2014-09-23 23:41:48 1493185 40.71587126 27 7808/17746990 0.00000000 0.00000000 329060 WDC 2014-09-23 23:39:08 1493184 40.71587126 28 384/2725730 0.00000000 0.00000000 329059 WDC 2014-09-23 23:38:42 1493183 40.71587126 29 3520/10006090 0.00000000 0.00000000 329058 WDC 2014-09-23 23:37:12 1493182 40.71587126 30 2432/6154212 0.00000000 0.00000000 329057 WDC 2014-09-23 23:36:16 1493181 40.71587126 31 2752/7838192 0.00000000 0.00000000
329032 POT 2014-09-23 23:09:40 443049 210.00000000 ORPHAN 320/831064 0.00000000 0.00000000 329031 POT 2014-09-23 23:09:33 443048 210.00000000 21 512/3199132 0.00000000 0.00000000 329030 POT 2014-09-23 23:09:04 443047 210.00000000 22 1472/3525447 0.00000000 0.00000000 329029 ANC 2014-09-23 23:06:20 245600 5.00000000 1 17536/57059048 0.00000000 0.00000000 329028 POT 2014-09-23 23:05:33 443043 210.00000000 26 1408/3086174 0.00000000 0.00000000 329027 POT 2014-09-23 23:05:07 443042 210.00000000 27 1664/3632146 0.00000000 0.00000000 329026 POT 2014-09-23 23:03:40 443037 210.00000000 ORPHAN 4160/13088893 0.00000000 0.00000000
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darrenwgray
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September 24, 2014, 12:31:00 AM |
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I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....
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Muhammed Zakir
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September 24, 2014, 02:33:58 AM |
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I am mining for like 4 hours straigth with 2.2 mhs at ghash multipool. and after like 120 + blocks from different coins i have not yet gained a single btc converted...
All blocks having confirmations and shares of mine but nothing. What is wrong?
329066 WDC 2014-09-23 23:46:13 1493192 40.71587126 20 2816/8292513 0.00000000 0.00000000 329065 WDC 2014-09-23 23:44:58 1493190 40.71587126 22 1280/2535542 0.00000000 0.00000000 329064 WDC 2014-09-23 23:44:35 1493189 40.71587126 23 2176/5447845 0.00000000 0.00000000 329063 WDC 2014-09-23 23:43:10 1493188 40.71587126 24 2688/8187324 0.00000000 0.00000000 329062 WDC 2014-09-23 23:41:56 1493186 40.71587126 26 512/871007 0.00000000 0.00000000 329061 WDC 2014-09-23 23:41:48 1493185 40.71587126 27 7808/17746990 0.00000000 0.00000000 329060 WDC 2014-09-23 23:39:08 1493184 40.71587126 28 384/2725730 0.00000000 0.00000000 329059 WDC 2014-09-23 23:38:42 1493183 40.71587126 29 3520/10006090 0.00000000 0.00000000 329058 WDC 2014-09-23 23:37:12 1493182 40.71587126 30 2432/6154212 0.00000000 0.00000000 329057 WDC 2014-09-23 23:36:16 1493181 40.71587126 31 2752/7838192 0.00000000 0.00000000
329032 POT 2014-09-23 23:09:40 443049 210.00000000 ORPHAN 320/831064 0.00000000 0.00000000 329031 POT 2014-09-23 23:09:33 443048 210.00000000 21 512/3199132 0.00000000 0.00000000 329030 POT 2014-09-23 23:09:04 443047 210.00000000 22 1472/3525447 0.00000000 0.00000000 329029 ANC 2014-09-23 23:06:20 245600 5.00000000 1 17536/57059048 0.00000000 0.00000000 329028 POT 2014-09-23 23:05:33 443043 210.00000000 26 1408/3086174 0.00000000 0.00000000 329027 POT 2014-09-23 23:05:07 443042 210.00000000 27 1664/3632146 0.00000000 0.00000000 329026 POT 2014-09-23 23:03:40 443037 210.00000000 ORPHAN 4160/13088893 0.00000000 0.00000000
2.2 MHs is so low. Even with ~54 GHs I am getting a few u BTC. I think it will be better for you to buy some more, at least near to 1 GHs. Good luck! ~~MZ~~
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FloridaBear
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September 24, 2014, 02:37:18 AM |
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I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....
Just wait 2 days...
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ryukamiho
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September 24, 2014, 03:05:23 AM |
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2.2 MHs is so low. Even with ~54 GHs I am getting a few u BTC. I think it will be better for you to buy some more, at least near to 1 GHs. Good luck! ~~MZ~~ Zakir i have 2.2 mhs mining scrypt coins at ghash.io multi coin. not 2.2 mhs mining bitcoin...
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Icon
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September 24, 2014, 04:50:33 AM |
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We are also actively working on our cloud mining cost structures / services and will announce news in that direction in the coming days.
Let me guess a higher maintenance fee.. Due to price drop of btc Icon
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Puppet
Legendary
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Activity: 980
Merit: 1040
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September 24, 2014, 09:35:32 AM |
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I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....
Just wait 2 days... Its gonna be tight. Due to the sudden rise of BTC exchange rate and plummeting of hashrate (or more likely: luck), its too close to call now. At current price and D estimate, 1GH would mine $0.1796 per month for $0.18 in fees. Could go either way, but whichever way it goes, the NAV of a 1GH share is so close to zero, it might as well be zero.
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FloridaBear
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September 24, 2014, 06:13:40 PM |
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So I see they dropped the maintenance fee to $0.105/GH/month. So it rallies back to .0024, where it is only ~1000% overpriced. That will keep the game going until about the end of the year...ish
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CEX (OP)
Legendary
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Activity: 1227
Merit: 1003
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September 25, 2014, 12:26:45 AM |
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CEX.IO Maintains its Leadership in Cloud Mining
Maintenance Fee Reduction With Immediate Effect.
From $0.18 per GHS per month to $0.105. Nearly 50% reduction.
New mining hardware supply contracts signed.Quote from Jeffrey Smith CIO: “We are now facing tough conditions when the increasing difficulty and the low Bitcoin price have made cloud mining less profitable. However, as initial ideologists of cloud mining and Bitcoin adherents, we believe mining is crucial for confirming transactions, and the Bitcoin exchange rate can rise at any moment. Meanwhile, we overtake all the expenses for lowering maintenance cost for the cloud-based GHS up to the moment the new hardware is shipped to the doors of our data centres.” http://blog.cex.io/cex-io-lowers-maintenance-cost/
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Icon
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September 25, 2014, 07:45:27 PM |
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So.. to clarify something please.. Before as i read it, maintenance fee was .18 cent per gh/s per hour per 24hr*30 days is that correct?
If so that's was a lot of $$ or is it just as simple as .015 cent ~ (11 cents * per gh/s * 30 days?)
Thanks
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PS
The DVC balance on the ghash.io mining page is not showing the balance @ 0.00 but on the finance tab it has the correct amount.
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FloridaBear
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September 26, 2014, 01:01:42 AM |
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So.. to clarify something please.. Before as i read it, maintenance fee was .18 cent per gh/s per hour per 24hr*30 days is that correct?
If so that's was a lot of $$ or is it just as simple as .015 cent ~ (11 cents * per gh/s * 30 days?)
Thanks
Icon
PS
The DVC balance on the ghash.io mining page is not showing the balance @ 0.00 but on the finance tab it has the correct amount.
It's just $0.105 per GHs per month. If you bought 10 GHs, your fee would be $1.05 per month (assessed in BTC of course)
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CEX (OP)
Legendary
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Activity: 1227
Merit: 1003
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September 26, 2014, 01:28:11 AM |
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CEX.IO Adds New Crypto, USD and EURO PairsHot on the heels of the near 50% cloud maintenance reduction we have now completed the addition of new pairs on the leading crypto trading platform: Doge/USD DRK/USD
DGB/BTC USDE/BTC MYR/BTC AUR/BTC
BTC/EUR LTC/EUR DOGE/EURAnd we haven't finished yet.... https://cex.io/
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