PhilippeD
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Activity: 81
Merit: 10
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November 28, 2014, 04:06:16 PM |
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Need to look through my mining transactions csv to see if it's at all worth it to be cloud mining. Otherwise, I'm loving CEX.
Cloud Mining is definitely profitable, especially when difficulty is going to drop. Once upon a time, it was profitable on CEX also. But, now all the maintenance charges eats up the profit on CEX. U might like to try cloudmining.website. Their current offer is super cexy... 0.001 BTC/Ghs cloudmining.website is not sexy Look at hashnest.com, 0.0008 BTC/Ghs (called UMISO), no trading fee, less maintenance fees ... and made by Bitmain ... What else ?
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l3sny
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November 30, 2014, 07:02:05 PM |
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Need to look through my mining transactions csv to see if it's at all worth it to be cloud mining. Otherwise, I'm loving CEX.
Cloud Mining is definitely profitable, especially when difficulty is going to drop. Once upon a time, it was profitable on CEX also. But, now all the maintenance charges eats up the profit on CEX. U might like to try cloudmining.website. Their current offer is super cexy... 0.001 BTC/Ghs What an obvious scam... I am surprised someone is still trying to con people this way disgusting!
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Icon
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November 30, 2014, 11:14:44 PM |
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Someone see if i am right on this maths 3 th/s = 3000 gh/s * .11 cents (so sue me i rounded up i know its 10.5 cents per gh/s per month) = $330 a month in feesAt the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculatorper Day 0.03743718 BTC $14.22 per Week 0.26206027 BTC $99.55 <.. (this is your payout. 3/4 of that is going to cex.io) per Month 1.13949421 BTC $432.86 <... that's what a month is so subtract $330 - $432 = ~ $102 So buying 3 th/s on cex will net you only $102 and btw the price of btc/ghs at time of post is ~ .0015 btc = BTC4.5 meaning you would pay $1,687.50 to earn $102 a month and Lord help you trying to reach ROI with that 102/1687 = 17 months. So I'll let you decide is it a good time to buy cloud hashing on cex? Icon PS I know i didn't even count the difficulty increase that will even eat up the $102 profit over the next 17 months.. ((too much of a hassle)) i think i made my point .
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SpanishSoldier
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December 01, 2014, 12:21:52 AM |
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Need to look through my mining transactions csv to see if it's at all worth it to be cloud mining. Otherwise, I'm loving CEX.
Cloud Mining is definitely profitable, especially when difficulty is going to drop. Once upon a time, it was profitable on CEX also. But, now all the maintenance charges eats up the profit on CEX. U might like to try cloudmining.website. Their current offer is super cexy... 0.001 BTC/Ghs What an obvious scam... I am surprised someone is still trying to con people this way disgusting! Read the review thread yourself before making such stupid statement => https://bitcointalk.org/index.php?topic=844310.0Someone see if i am right on this maths 3 th/s = 3000 gh/s * .11 cents (so sue me i rounded up i know its 10.5 cents per gh/s per month) = $330 a month in feesAt the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculatorper Day 0.03743718 BTC $14.22 per Week 0.26206027 BTC $99.55 <.. (this is your payout. 3/4 of that is going to cex.io) per Month 1.13949421 BTC $432.86 <... that's what a month is so subtract $330 - $432 = ~ $102 So buying 3 th/s on cex will net you only $102 and btw the price of btc/ghs at time of post is ~ .0015 btc = BTC4.5 meaning you would pay $1,687.50 to earn $102 a month and Lord help you trying to reach ROI with that 102/1687 = 17 months. So I'll let you decide is it a good time to buy cloud hashing on cex? Icon PS I know i didn't even count the difficulty increase that will even eat up the $102 profit over the next 17 months.. ((too much of a hassle)) i think i made my point . With 500 Ghs at CEX.io, someone just reported to have -ve ROI !!! Now, u decide your way... -snip-
Can someone tell me why I got -0.010100 btc after mining for a week in cex.io? I have 500 ghs.
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Trade-Winds
Member
Offline
Activity: 63
Merit: 10
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December 01, 2014, 10:41:17 AM |
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Need to look through my mining transactions csv to see if it's at all worth it to be cloud mining. Otherwise, I'm loving CEX.
Cloud Mining is definitely profitable, especially when difficulty is going to drop. Once upon a time, it was profitable on CEX also. But, now all the maintenance charges eats up the profit on CEX. U might like to try cloudmining.website. Their current offer is super cexy... 0.001 BTC/Ghs What an obvious scam... I am surprised someone is still trying to con people this way disgusting! Read the review thread yourself before making such stupid statement => https://bitcointalk.org/index.php?topic=844310.0Well, there are quite a few review threads here, this one, for example – https://bitcointalk.org/index.php?topic=878387.new
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pumawolf
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December 05, 2014, 04:52:02 AM |
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is it possible to have an option where we can turn off the mining and just trade.
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CEX (OP)
Legendary
Offline
Activity: 1227
Merit: 1003
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December 05, 2014, 11:51:27 AM |
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is it possible to have an option where we can turn off the mining and just trade.
If you have GHS with CEX.IO, they are automatically used for mining. However, you can sell your GHS and use CEX.IO solely as an exchange platform by trading with fiat and crypto. You can choose from a number of Bitcoin and altcoin trading pairs.
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Buy/sell BTC and ETH using your Visa/Mastercard. Instant payments, low fees, worldwide coverage, 100% secure. Register Join Bitcoin Affiliate program! Invite users and get 30% lifetime bonus. Join now
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newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
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December 05, 2014, 06:40:15 PM |
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is it possible to have an option where we can turn off the mining and just trade.
If you have GHS with CEX.IO, they are automatically used for mining. However, you can sell your GHS and use CEX.IO solely as an exchange platform by trading with fiat and crypto. You can choose from a number of Bitcoin and altcoin trading pairs. This is probably the first time in the history, Ghs @ CEX.io costs lower than PB mining !!! PB Mining: 0.0016 BTC/Ghs CEX.io: 0.00154104 BTC/Ghs
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darrenwgray
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December 07, 2014, 11:19:28 AM |
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Personally, since the CEX market share (or at least as advertised on their home page) was cut from 40% to 20% the cost of maintenance has far outstripped the share of mining.
It is obvious though; the decrease in share decreases the likelihood of solving a block. All the time mining is trying to solve a block the static maintenance fee is building. You have to solve a block on average every 90 minutes for you to stand still; any longer and you lose money on the block. At 40% Market Share I think this happened more often than not, at 20% is is a sinking ship.
Note: None of this takes into account the actual cost of purchasing or selling GHS
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l3sny
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December 07, 2014, 01:14:36 PM |
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Interesting... But still maintenace fees are way too high!
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| . ,▄▄▄▄▄▄▄ ▄████▀▀▀▀████▄ ▄███` ,▄▄, ▀██▄ ▐██▀ ▄███████ ██▌ ,▄███ ████████▌ ▐██▄, ,▄███████▄ █▄▄██▄▄█ ▄███████▄▄ ██████████████████████████████████, ▐████▌ ██████████████████ ▐█████ ▀████▄▄████████▀ "████████▄▄████▀ `▀████████████▄▄████████████▀▀ '▀▀▀▀▀█████████▀▀▀▀ ▄▄ ▄▄ ███ ▄▄⌐ ███ ███ ██▌ ▀██ ███ ██▌ ▀██ ██▌ |
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darrenwgray
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December 08, 2014, 11:17:21 AM |
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Further to my earlier post I thought to reconcile my mining figures for the last full day. I made no trades, so my GHS was consistent throughout; I paid more in maintenance fees than I earned through mining.
CEX.io must increase market share to make it profitable for those who are buying into it's cloud mining as I can see the model will simply collapse soon
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iluvpie60
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December 08, 2014, 03:37:19 PM |
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Someone see if i am right on this maths 3 th/s = 3000 gh/s * .11 cents (so sue me i rounded up i know its 10.5 cents per gh/s per month) = $330 a month in feesAt the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculatorper Day 0.03743718 BTC $14.22 per Week 0.26206027 BTC $99.55 <.. (this is your payout. 3/4 of that is going to cex.io) per Month 1.13949421 BTC $432.86 <... that's what a month is so subtract $330 - $432 = ~ $102 So buying 3 th/s on cex will net you only $102 and btw the price of btc/ghs at time of post is ~ .0015 btc = BTC4.5 meaning you would pay $1,687.50 to earn $102 a month and Lord help you trying to reach ROI with that 102/1687 = 17 months. So I'll let you decide is it a good time to buy cloud hashing on cex? Icon PS I know i didn't even count the difficulty increase that will even eat up the $102 profit over the next 17 months.. ((too much of a hassle)) i think i made my point . The difficulty increase will make people lose money within a few months. here is my story. Lost about 45% of my 7 bitcoins within a day period. They implemented futures trading or whatever it is called and within one day I lost a lot... I used them for GHS mining for a little while and everything was ok during that time. I am pretty sure their change easily wiped out 10,000 + bitcoins worth of peoples value across their entire website the day they added this change. I am surprised no one has really commented that on here, but I realized I didn't say my story either. I am giving them a neutral rating because I really don't feel like getting red negative trust scored by them as retaliation. Seems like anyone with default trust these days abuses the system. Hopefully people don't use cloud mining as you just lose money.
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l3sny
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December 14, 2014, 06:42:30 PM |
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is it possible to have an option where we can turn off the mining and just trade.
If you have GHS with CEX.IO, they are automatically used for mining. However, you can sell your GHS and use CEX.IO solely as an exchange platform by trading with fiat and crypto. You can choose from a number of Bitcoin and altcoin trading pairs. This is probably the first time in the history, Ghs @ CEX.io costs lower than PB mining !!! PB Mining: 0.0016 BTC/Ghs CEX.io: 0.00154104 BTC/Ghs But PBmining has just collapsed!
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| . ,▄▄▄▄▄▄▄ ▄████▀▀▀▀████▄ ▄███` ,▄▄, ▀██▄ ▐██▀ ▄███████ ██▌ ,▄███ ████████▌ ▐██▄, ,▄███████▄ █▄▄██▄▄█ ▄███████▄▄ ██████████████████████████████████, ▐████▌ ██████████████████ ▐█████ ▀████▄▄████████▀ "████████▄▄████▀ `▀████████████▄▄████████████▀▀ '▀▀▀▀▀█████████▀▀▀▀ ▄▄ ▄▄ ███ ▄▄⌐ ███ ███ ██▌ ▀██ ███ ██▌ ▀██ ██▌ |
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CEX (OP)
Legendary
Offline
Activity: 1227
Merit: 1003
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December 18, 2014, 05:01:40 PM Last edit: December 18, 2014, 07:39:45 PM by CEX |
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CEX.IO is now available in Chinese and Russian!CEX.IO is a Bitcoin crypto exchange operating at the international level. To make our platform more user-friendly, we have translated it into two more languages – Chinese and Russian. You can find the Change Language button at the top right corner. Stay tuned, as we are looking forward to introducing more languages soon.
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Buy/sell BTC and ETH using your Visa/Mastercard. Instant payments, low fees, worldwide coverage, 100% secure. Register Join Bitcoin Affiliate program! Invite users and get 30% lifetime bonus. Join now
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darrenwgray
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December 19, 2014, 04:54:25 AM |
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Maybe more importantly there should be some sort of announcement about how you going to address cloud mining costing more in maintenance than the reward received every single day.
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pumawolf
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December 19, 2014, 06:00:07 AM |
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Maybe more importantly there should be some sort of announcement about how you going to address cloud mining costing more in maintenance than the reward received every single day.
for real , maybe u guys should think about selling some advertising space. im serious, dont put in on the trading page or front, put it on the balance page, and be completly honest and ask/vote if people willing to put up with ads just until market conditions get better , in return lower fees. stop milking ur clients and work with them instead.
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elasticband
Legendary
Offline
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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December 19, 2014, 10:26:50 AM |
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Maybe more importantly there should be some sort of announcement about how you going to address cloud mining costing more in maintenance than the reward received every single day.
for real , maybe u guys should think about selling some advertising space. im serious, dont put in on the trading page or front, put it on the balance page, and be completly honest and ask/vote if people willing to put up with ads just until market conditions get better , in return lower fees. stop milking ur clients and work with them instead. Don't be so rediculouse Milking the "customers" is how they make revenue they won't change that for a couple of advertisement banners.
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BayAreaCoins
Legendary
Offline
Activity: 3962
Merit: 1250
Owner at AltQuick.com
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December 19, 2014, 02:08:59 PM |
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MrAAKK
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December 19, 2014, 02:44:53 PM |
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I see that mining isn't profitable her ! When it's best time to mine ?
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pumawolf
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December 19, 2014, 10:51:18 PM |
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Maybe more importantly there should be some sort of announcement about how you going to address cloud mining costing more in maintenance than the reward received every single day.
for real , maybe u guys should think about selling some advertising space. im serious, dont put in on the trading page or front, put it on the balance page, and be completly honest and ask/vote if people willing to put up with ads just until market conditions get better , in return lower fees. stop milking ur clients and work with them instead. Don't be so rediculouse Milking the "customers" is how they make revenue they won't change that for a couple of advertisement banners. yea i know, i could only try eb, ahahh, i laugh cause deep down we all know its futile. they dont give a fuk, why would they, its a bussiness ,they get theres, and we just gotta do a better job analyzing the market and stop thinkin its a money printing machine.
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