Just bought GHash's from CEX is that a good idea?

[CaptainGoodVibes]

Well at the current price, no. If it was cheaper then it might be worth your money.

It was.  Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

MOD NOTE:
Referral link removed

[erre]

Well at the current price, no. If it was cheaper then it might be worth your money.

It was.  Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Don't think your referral link would suffice to gain some money out of it.

[pontiacg5]

Well at the current price, no. If it was cheaper then it might be worth your money.

It was.  Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Buy a ASIC blade for 1.1 BTC, 2-3 days for shipping and have .11/Gh. Plus it's not part of a monster centralized bitcoin pool...

Overclock it to 14-16Ghash too, if you can solder.

[madman4bit]

Well at the current price, no. If it was cheaper then it might be worth your money.

It was.  Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.

its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

Buy a ASIC blade for 1.1 BTC, 2-3 days for shipping and have .11/Gh. Plus it's not part of a monster centralized bitcoin pool...

Overclock it to 14-16Ghash too, if you can solder.

Got a link to these and overclock instructions?

[pontiacg5]

No link to the blades, search will find you some, maybe for even less...

Here's the overclock "instructions." The new blades only have one clock chip, so you have to swap it as well as some current set resistors to increase the voltage.

https://bitcointalk.org/index.php?topic=310752.0

[madman4bit]

No link to the blades, search will find you some, maybe for even less...

Here's the overclock "instructions." The new blades only have one clock chip, so you have to swap it as well as some current set resistors to increase the voltage.

https://bitcointalk.org/index.php?topic=310752.0

Thanks!.. I found some blades on Amazon.. will check out the overclock instructions..

[MWNinja]

Buying on Cex.io is better than buying hardware in many ways.  No heat, No huge electicric bills, and a liquid market to buy/sell more GH/s.

It's certainly a better deal than any ASIC offering at the moment once you consider the hosting expenses.  Plus you get access to what is currently the best pool, ghash.io.

And by all means use the link in my sig.

[BitcoinHeroes]

Not worth it unless the price is lower and can ROI....

[nynexx]

Not worth it unless the price is lower and can ROI....

Again, it's an exchange. It's super fluid, and the price definitely varies. I've seen it as low as 0.040 and as high as 0.125 BTC per Gh/S. Hell, I've dumped all my Gh/S into BTC twice and have in no way lost money on the investment. Oh, and ROI? I have every 0.0001 BTC back + mining profits + trading profits. Yeah, lost a lot of money on that one

So long story short: Buy in and sit on CEX shares? Probably a loss. Trade, like a good member of a commodity exchange should? You'll head out on top. If you're smart.  

Cheers, fellows.

[CaptainGoodVibes]

Not worth it unless the price is lower and can ROI....

Again, it's an exchange. It's super fluid, and the price definitely varies. I've seen it as low as 0.040 and as high as 0.125 BTC per Gh/S. Hell, I've dumped all my Gh/S into BTC twice and have in no way lost money on the investment. Oh, and ROI? I have every 0.0001 BTC back + mining profits + trading profits. Yeah, lost a lot of money on that one

So long story short: Buy in and sit on CEX shares? Probably a loss. Trade, like a good member of a commodity exchange should? You'll head out on top. If you're smart.  

Cheers, fellows.

I agree nynexx , for the short term its hard to see how you can lose. Cheers mate BTC

[tripppn]

What you have to do is play the market with your GHs.  Buy low and sell high just like a stock.  There's usually a mass sell of a couple days before a diff increase so you can sell at whatever it is then pick up more hashing power after the diff increase and keep up somewhat with the increase.

[CaptainGoodVibes]

What you have to do is play the market with your GHs.  Buy low and sell high just like a stock.  There's usually a mass sell of a couple days before a diff increase so you can sell at whatever it is then pick up more hashing power after the diff increase and keep up somewhat with the increase.

Any which way BTC are a fantastic investment. Good luck to all in the quest of BTC

[hasher87]

no you're not..but good luck anyway

[superresistant]

People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days and go down to negative as the fees and electricity are higher than the gain from mining. It is only because most of you don't get it that it stay overpriced.

Wake up people, 1 GH/S produce nothing, we entered the area of TH/S.

[Compton]

I haven't settled on whether it is a good or bad idea.  What I'm certain about is that these forums are littered with CEX referral spam.

[pontiacg5]

I haven't settled on whether it is a good or bad idea.  What I'm certain about is that these forums are littered with CEX referral spam.

And signature spam, and altcoin spam, and obvious scam spam, plus a lot more I don't care to try and list.

[superresistant]

these forums are littered with CEX referral spam.

You are smart and foresighted sir.

[nynexx]

People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days

As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?

"At least with CEX I can pull out."

[odolvlobo]

People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days

As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?

1 GH/s at cex.io will also never see a positive ROI and will have a HORRID resale value in February, probably somewhere around 0.005 BTC, if you are lucky.

[GroupHashing]

Hmm, good luck making back your investment. But worth a small investment for the 'fun' of it I think.