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Author Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***  (Read 422124 times)
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PhilippeD
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November 28, 2014, 04:06:16 PM
 #1601

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... 0.001BTC/Ghs Wink

cloudmining.website is not sexy  Roll Eyes

Look at hashnest.com, 0.0008 BTC/Ghs (called UMISO), no trading fee, less maintenance fees ... and made by Bitmain ... What else ?  Wink
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November 30, 2014, 07:02:05 PM
 #1602

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... 0.001BTC/Ghs Wink

What an obvious scam... I am surprised someone is still trying to con people this way
disgusting!

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November 30, 2014, 11:14:44 PM
 #1603

Someone see if i am right on this maths  Shocked

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 fees

At the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculator

per 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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December 01, 2014, 12:21:52 AM
 #1604

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... 0.001BTC/Ghs Wink

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=844310.0



Someone see if i am right on this maths  Shocked

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 fees

At the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculator

per 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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December 01, 2014, 10:41:17 AM
 #1605

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... 0.001BTC/Ghs Wink

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=844310.0

Well, there are quite a few review threads here, this one, for example – https://bitcointalk.org/index.php?topic=878387.new

Want to invest in bitcoins?

Find out how to do it today here
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December 05, 2014, 04:52:02 AM
 #1606

is it possible to have an option where we can turn off the mining and just trade.
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December 05, 2014, 11:51:27 AM
 #1607

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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December 05, 2014, 06:40:15 PM
 #1608

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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December 07, 2014, 11:19:28 AM
 #1609

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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December 07, 2014, 01:14:36 PM
 #1610

Interesting... But still maintenace fees are way too high!

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December 08, 2014, 11:17:21 AM
 #1611

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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December 08, 2014, 03:37:19 PM
 #1612

Someone see if i am right on this maths  Shocked

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 fees

At the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculator

per 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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December 14, 2014, 06:42:30 PM
 #1613

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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CEX (OP)
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December 18, 2014, 05:01:40 PM
Last edit: December 18, 2014, 07:39:45 PM by CEX
 #1614



CEX.IO is now available in Chinese and Russian!

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To make our platform more user-friendly, we have translated it into two more languages – Chinese and Russian.

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Stay tuned, as we are looking forward to introducing more languages soon.

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darrenwgray
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December 19, 2014, 04:54:25 AM
 #1615

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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December 19, 2014, 06:00:07 AM
 #1616

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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December 19, 2014, 10:26:50 AM
 #1617

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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December 19, 2014, 02:08:59 PM
 #1618

www.coinssource.com/just-dice-re-opens-after-regulations-now-accepting-clams/

Please read and add!

https://AltQuick.com/exchange/ - Trade altcoins & Bitcoin Testnet coins with real Bitcoin.
https://FreeBitcoins.com/faucet/ - Load your AltQuick exchange account with free Bitcoins every 10 minutes.
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December 19, 2014, 02:44:53 PM
 #1619

I see that mining isn't profitable her !
When it's best time to mine ?

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December 19, 2014, 10:51:18 PM
 #1620

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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