[Not] Good price at CEX.io

[Frozenace]

Mining power should get cheaper over time as it should... in $ terms.

[Sephera]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

[ZetaOS]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

1000,- aint that much, just hold one BTC and let the rest run a CEXIO

[CounterStrike]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

Stop listening to them, they are just trying to earn your referral hash...

[batt01]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

1000,- aint that much, just hold one BTC and let the rest run a CEXIO

Do the math, lthere a many mining profit calculators you can use. There is one on cex.io. Current price for 1ghs is bout .08BTC.
That is considered very high. Before putting in money in cex.io or any hardware, you need a understanding of how difficulty increases effect your profit, or lack thereof. Till you know and understand what you are getting into. Stay away from mining, cloud or hardware.

Maybe buy a couple of USB Block Erupters and run them for a month as a learning tool. You could also by a tiny amount at cex.io like .20ghs and see for youself. Risk 20 dollars not 1000, till you know what your are dealing with.

I am not opposed ot mining. I have hardware and cloud ghs. I just dont recommend  getting into it until you have a good understanding of it and the risks involved.

[ZetaOS]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

1000,- aint that much, just hold one BTC and let the rest run a CEXIO

Do the math, lthere a many mining profit calculators you can use. There is one on cex.io. Current price for 1ghs is bout .08BTC.
That is considered very high. Before putting in money in cex.io or any hardware, you need a understanding of how difficulty increases effect your profit, or lack thereof. Till you know and understand what you are getting into. Stay away from mining, cloud or hardware.

Maybe buy a couple of USB Block Erupters and run them for a month as a learning tool. You could also by a tiny amount at cex.io like .20ghs and see for youself. Rick 20 dollars not 1000, till you know what your are dealing with.

I approve this message

[Xian01]

FWIW, I dumped my cex.io GHs last night at a slight profit after recognizing that the price of 0.08 is just not economical based on current hardware pricing.

Given that ASICMiner cubes are selling for 1BTC for up to 38GHs overclocked, the equivalent hash-rate at cex.io would cost 3.04 BTC @ 0.08 BTC.



Still mining there, however, as it's a great pool.

[omega33]

ghash is rising
is it good time to sell?

[dominicwin]

ghash is rising
is it good time to sell?

Looking at the history and trends in general, my opinion would be to still hold out for a week.

[zvs]

FWIW, I dumped my cex.io GHs last night at a slight profit after recognizing that the price of 0.08 is just not economical based on current hardware pricing.

Given that ASICMiner cubes are selling for 1BTC for up to 38GHs overclocked, the equivalent hash-rate at cex.io would cost 3.04 BTC @ 0.08 BTC.



Still mining there, however, as it's a great pool.

and also given that these cubes are about 2-2.5x the price that they should be

ppl, wake the fuck up

[zvs]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

you should expect to see zero profits

any profit would hinge on some other bigger idiot buying this shit for a higher price, allowing you to sell for profit.

if they made more money by using it themselves instead of selling it to chumps, then they would do so

[Sindelar1938]

My sense it you need a good referral stream to really make money

Trading alone at current levels is a mugs game

[bigb159]

Hi

If I put in $1000 in this, what kind of profits should I see. Am I better holding on to that $1000 in bitcoin?

you should expect to see zero profits

any profit would hinge on some other bigger idiot buying this shit for a higher price, allowing you to sell for profit.

if they made more money by using it themselves instead of selling it to chumps, then they would do so

^^^
This.

[estebanrules]

I've been investing in BTC for about 18 months but only got in to mining recently in the last 3 months.  My best advice to any newbies out there looking to get in to mining, via hardware or cloud, is to research and calculate.  Keep up with all of the major Bitcoin publications, look at market trends and heed the advice of the senior members on here.  They are usually right 

[max334]

hey guys so i just signed up on there, can you help me up how the whole system works?
what about the prices fluctuating?
and is it also possible to mine PPC ?

thx

[high110]

hey guys so i just signed up on there, can you help me up how the whole system works?
what about the prices fluctuating?
and is it also possible to mine PPC ?

thx

They auto mine NMC, IXC, and DVC for you.  So generally, you'll need some BTC to buy some GHS or a lot of NMC.  I think the general consensus is that the market is over priced.  The current expected price should be around .035 BTC/GHS.  What does this mean to you?   You'll have to use it more as a trading tool rather an investment tool, meaning that someday it was crash...so don't get caught in the crash.

[Tommygun]

Yes, there prices are so.. big  I mean, you can "store" your BTC here and earn some extra by miming, just be careful not to sell underpriced.

[chinchs]

cex price is holding beyond all predictions... I remember people saying next month it will be 0.02...

[OleOle]

cex price is holding beyond all predictions... I remember people saying next month it will be 0.02...

Yeah, lol, demand is going crazy and if people cannot get hold of physical asics the next thing they do is mine on CEX. Maybe when the price of BTC tanks we might see a reduction in GHS price? Or maybe not, might be a good opportunity for people to buy cheaper hashing. Plus, lets not forget, there's a helluva lot of messing around with owning a physical rig and with ghash.io being the second largest pool, it's a very good option... almost at any price

[balanghai]

Its holding it's price at BTC0.074 and it's amazing! I thought it would be lower but demands keep coming in!