[Not] Good price at CEX.io

[xandriel]

So it will go back to 0.045-48 again? It's free BTC aint it after all? Instead of storing it in some third party wallet or have something happend recently?

No, it probably won't go back to those prices, just as actual hardware depreciates, so to does virtual hardware...and almost everything else you can buy for that matter.

Storing your BTC in a wallet does not earn it anything, at least mining with it does...and trading certainly can too.
And yes there are risks with trading, but your BTC is important enough to keep an eye on...no?

Holding out for BTC to rise in value? well, it could also go down.

[krampus]

You really have no idea about it...that much is obvious

If the cost per GH/s remained constant, then the mining profit would be the actual profit.
Same as mining with your own hardware but cheaper.

Ahahahahahahahaha!

You, sir, are the stereotype of a cex.io customer.

[Sonny]

If the cost per GH/s remained constant, then the mining profit would be the actual profit.

This statement is true.
But, do you truly believe the hashrate price will keep the same, when difficulty goes up ~20% in 3 or 4 days?
What about another ~20% every 2 weeks afterwards?

[Sonny]

So it will go back to 0.045-48 again? It's free BTC aint it after all? Instead of storing it in some third party wallet or have something happend recently?

Storing your BTC in a wallet does not earn it anything, at least mining with it does...and trading certainly can too.

If you store your btc in a wallet, your balance won't drop. 1 btc will still be 1 btc after a month.
If you buy hashrate with your 1 btc now, I am not sure what those hashrate will worth 1 month later...

[xandriel]

You really have no idea about it...that much is obvious

If the cost per GH/s remained constant, then the mining profit would be the actual profit.
Same as mining with your own hardware but cheaper.

Ahahahahahahahaha!

You, sir, are the stereotype of a cex.io customer.

A cex.io customer who is making a profit! 

[krampus]

You really have no idea about it...that much is obvious

If the cost per GH/s remained constant, then the mining profit would be the actual profit.
Same as mining with your own hardware but cheaper.

Ahahahahahahahaha!

You, sir, are the stereotype of a cex.io customer.

A cex.io customer who is making a profit!  

And dumb, too.

[FalconFly]

You really have no idea about it...that much is obvious

If the cost per GH/s remained constant, then the mining profit would be the actual profit.
Same as mining with your own hardware but cheaper.

It seems you wouldn't notice a profit if it smacked you in the face

Hm, just out of general politeness, I'm assuming you're not mentally retarded nor severely math challenged and gifted with no analytical or empirical skills to make such a bold (and obviously completely BS statement).

No... You're more likely a paid shill.
Given the quality of your statement, I assume you sold yourself cheap...

PS.
If someone dropped helicopter loads of valuables on me, I'd become rich... There's only one problem with that scenario - I'll let you figure it out yourself.
It seems you wouldn't notice a loss even if it kicked your sold-out soul in the balls. Ironically even with your desired 3% spam bonus - you're likely still running a loss, which means the joke is on you... and you wouldn't even know.

[Flinten]

You will probably not find a consensus here. 

Just wait an see what happens in ~ half a year when the maintenance fee tops the income and cex shuts the Servers down.

[dyask]

You will probably not find a consensus here. 

Just wait an see what happens in ~ half a year when the maintenance fee tops the income and cex shuts the Servers down.

The maintenance fee is based in USD.  If it tops then award then you are going to be seeing a LOT of miners all over shutdown.   That is completely possible, but it isn't just a CEX.IO problem.

[BorisAlt]

You will probably not find a consensus here. 

Just wait an see what happens in ~ half a year when the maintenance fee tops the income and cex shuts the Servers down.

The maintenance fee is based in USD.  If it tops then award then you are going to be seeing a LOT of miners all over shutdown.   That is completely possible, but it isn't just a CEX.IO problem.

^^
THIS

hear the man. If the doom is coming it will blanket us ALL, CEX.IO or otherwise. AT least that's my theory. I already have HARD time justifying running all this mess at my house for meager returns. The only way to stay up is to buy MORE EQUIPMENT. Which as you know risky given recent track records. Vicious cycle.

[FalconFly]

I always found it suspicious that they implemented difficulty into a maintenance fee. Apart from the usual hardware regeneration cycle all miners have to perform due to profitability, it has literally nothing to do with it, it's arbitrary and more like a knob to adjust their profits (i.e. to cover an unusually high rate of failure).

My miners at home run at exactly the same fixed maintenance cost (unless power consumption or electricity prices were to increase), regardless of difficulty.
As if difficulty made it more difficult/expensive to maintain mining hardware WTF ?!

Thus, only cex.io will be affected if they continue that route of sneaking a non-maintenance relevant figure into the calculation, all other miners run the known and projected profit curves based on their actual TCO (total cost of ownership , which *hint* already includes projected diff increases all along ).

Their maintenance fee, as it stands now, would only make sense if they never intended to regenerate their hardware, thus passing decreasing/negative hardware ROI due to diff increases right onto their customers. Not a smart business plan, thus I don't assume that was their intention. Eventually, that would make them look like typical EBay sellers 24h-renting Block Erupter mining "power" for ludicrous money. But who knows, it's a weird club anyway.

[Flinten]

Cex has already made ist buisness. They sold Hardware for 10 to 100 Mio $ to their customers. They will now try to sell more Hardware as Long as they make Profit (maybe another 3 months).  After this, customers are only Ballast as they do not earn any more Money with them but have to Keep up the Services. So they will try to get rid of the customers by reaching the 100% maintenance fee as fast as possible.

[xandriel]

You really have no idea about it...that much is obvious

If the cost per GH/s remained constant, then the mining profit would be the actual profit.
Same as mining with your own hardware but cheaper.

It seems you wouldn't notice a profit if it smacked you in the face

Hm, just out of general politeness, I'm assuming you're not mentally retarded nor severely math challenged and gifted with no analytical or empirical skills to make such a bold (and obviously completely BS statement).

No... You're more likely a paid shill.
Given the quality of your statement, I assume you sold yourself cheap...

PS.
If someone dropped helicopter loads of valuables on me, I'd become rich... There's only one problem with that scenario - I'll let you figure it out yourself.
It seems you wouldn't notice a loss even if it kicked your sold-out soul in the balls. Ironically even with your desired 3% spam bonus - you're likely still running a loss, which means the joke is on you... and you wouldn't even know.

lol. No, I believe you are the mentally retarded one.
I am not paid, just a casual miner who also makes a little profit using cex.io.
It would seem people like yourself are the joke as you cannot seem to figure out how to make a profit with such a service.

The joke is clearly on you.

[xandriel]

Yes, one day the maintenance fees will be too high for the return, and people will stop using the service...but that day is not here yet.

Until then I will extract whatever profit I can from the service...and YES I do make a profit.

It really is not that difficult

[xandriel]

I always found it suspicious that they implemented difficulty into a maintenance fee. Apart from the usual hardware regeneration cycle all miners have to perform due to profitability, it has literally nothing to do with it, it's arbitrary and more like a knob to adjust their profits (i.e. to cover an unusually high rate of failure).

My miners at home run at exactly the same fixed maintenance cost (unless power consumption or electricity prices were to increase), regardless of difficulty.
As if difficulty made it more difficult/expensive to maintain mining hardware WTF ?!

Thus, only cex.io will be affected if they continue that route of sneaking a non-maintenance relevant figure into the calculation, all other miners run the known and projected profit curves based on their actual TCO (total cost of ownership , which *hint* already includes projected diff increases all along ).

Their maintenance fee, as it stands now, would only make sense if they never intended to regenerate their hardware, thus passing decreasing/negative hardware ROI due to diff increases right onto their customers. Not a smart business plan, thus I don't assume that was their intention. Eventually, that would make them look like typical EBay sellers 24h-renting Block Erupter mining "power" for ludicrous money. But who knows, it's a weird club anyway.

The fee is not based on the raw GH/s of the hardware.
It is based on the number of good shares generated by the person per block. This is presumably done because it is much easier to track shares completed when you have variable GH/s per customer.

Have you ever really read anything on their site? or do you just troll these forums?

[krampus]

lol. No, I believe you are the mentally retarded one.
I am not paid, just a casual miner who also makes a little profit using cex.io.
It would seem people like yourself are the joke as you cannot seem to figure out how to make a profit with such a service.

The joke is clearly on you.

Some might find themselves annoyed or even angered at this combination of arrogance and stupidity. Personally, I think I'm amused by it more than anything.

Carry on, brave xandriel! Yell it from the rooftops!

[xandriel]

lol. No, I believe you are the mentally retarded one.
I am not paid, just a casual miner who also makes a little profit using cex.io.
It would seem people like yourself are the joke as you cannot seem to figure out how to make a profit with such a service.

The joke is clearly on you.

Some might find themselves annoyed or even angered at this combination of arrogance and stupidity. Personally, I think I'm amused by it more than anything.

Carry on, brave xandriel! Yell it from the rooftops!

Why is it that some people, who do not use cex.io, constantly state as a fact that nobody can make any profit there despite some people who actually use the service claiming that they do indeed make a profit.

Do you really believe you are all more intelligent than anybody else? That only idiots would use such a service? Or maybe you just had a bad experience and instead of accepting that you made the mistake, you blame the providing company.

The fact is you CAN make a profit using cex.io. Many people are, including myself.

[dyask]

lol. No, I believe you are the mentally retarded one.
I am not paid, just a casual miner who also makes a little profit using cex.io.
It would seem people like yourself are the joke as you cannot seem to figure out how to make a profit with such a service.

The joke is clearly on you.

Some might find themselves annoyed or even angered at this combination of arrogance and stupidity. Personally, I think I'm amused by it more than anything.

Carry on, brave xandriel! Yell it from the rooftops!

Why is it that some people, who do not use cex.io, constantly state as a fact that nobody can make any profit there despite some people who actually use the service claiming that they do indeed make a profit.

Do you really believe you are all more intelligent than anybody else? That only idiots would use such a service? Or maybe you just had a bad experience and instead of accepting that you made the mistake, you blame the providing company.

The fact is you CAN make a profit using cex.io. Many people are, including myself.

Wasting keystrokes.   Most the people on this thread could use CEX.io, double their money and they would come back and claim they lost 50%.   All they care about is what the calculators say and in general people here seem to be pretty clueless about how a free market works.   

[krampus]

Why is it that some people, who do not use cex.io, constantly state as a fact that nobody can make any profit there despite some people who actually use the service claiming that they do indeed make a profit.

1) Because they can do math.
2) Because they can distinguish between "mining" and "day trading" (neither of which are actually truly happening at cex.io, but that's mostly semantics).
3) Because the overall price trend of GHs is steadily downward.

In more detail:

1) It is not possible to profit via mining alone at cex.io with the current price of GHs there. This isn't up for debate. You can scream about it all you want, but until difficulty slows down, you just look like a fucking moron that can't do math.

2) It is possible to make a profit at cex.io via day trading, though only because there is a steady supply of morons lined up waiting to buy your GHs from you at a price that will never, ever ROI. This is the "greater fool" theory. Some of these people will, in turn, make a profit of their own. Many more of these people will actually lose (because of point 3), and this too is not up for debate. Math is math, and isn't subject to your opinion.

3) As Bitcoin difficulty increases, each GHs returns less BTC back to the holder. I don't know how many times I have to repeat this before the never-ending stream of morons gets it through their greed-addled skulls, but this is also not up for debate. In a free market, this steadily erodes the value -- that is, what some fool is willing to pay for it -- until the value basically ceases to be meaningful. At cex.io, such free-market conditions may or may not exist. This is up for some debate, and I won't pick a side in that discussion. But as an investor, you have to ask yourself which model you prefer -- (a) a free market where the price is steadily going down while you're holding it, or (b) a manipulated market where the share value is essentially arbitrary. Note that there isn't an option C, no matter how badly you want there to be.

That's as clear as I can make it. Individuals may profit, but the math says that such profits are the exception rather than the rule. And no, that's not up for debate either.

[FalconFly]

Oh boy, no wonder the fees run up @ cex.io...
After all, they need to pay all these cex spammers. I can imagine it gets more expensive as things get more and more obvious.

Either that, or some folks invested bigger than their should and are now in the 1st stage of the cex.io rented GHs owner : denial

Anyway, I find it indeed very amusing...
(disclaimer : I was customer @ cex for quite a while and extensively used their entire portofolio of options - I left for a good reason. Turns out these bad, shady and evil mining profit calculators.... don't lie *g*. Their results and projected losses are actually rather optimistic compared to everyday reality @ cex.io )

PS.
Of course there's always the typical, math-challenged guys that actually believe that 1.5 minus 2.5 equals +1.0 ( hey, a profit !!!1!11! ) *lol*

PPS.
Funny detail :
Did you notice that cex.io spammers are actually way more aggressive than any of those "scamdice - lose money quickly, give the internet wheel of misfortune a spin TODAY!" referrers combined ?