Bitcoin Forum
October 19, 2017, 04:38:32 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Just bought GHash's from CEX is that a good idea?  (Read 2200 times)
nynexx
Newbie
*
Offline Offline

Activity: 14


View Profile
November 02, 2013, 01:10:49 AM
 #41

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.
Because of recent outage, I am currently removing funds from CEX. I will likely be back. Here is an anecdote, one last time:
I came to CEX with some 0.94863546 BTC spange, and am leaving with 1.29863546 BTC.
That is a 31.1489% profit, or "R-O-*******-I."
I have been using the site since the evening of the 22nd. It is roughly the same time now, but today is the 1st. That is 10 days. That's 3.1% return every day, which is way more than what I see using a tuned EMA trader. I did not just "get lucky," I used my head, and made BTC. With very little BTC.

I'm not even aggressively day trading, considering it is an exchange with 0.00000% transaction fee.

But you people seem a little thick to the idea so I'm just going to stop talking about it now.

Good evening all,

nynexx

Feeling generous? Was I helpful? BTC: 1JqzRQGgUPF6Hiewo7GP92ZLaXpEDz79HY
I ❤ Volatility & 24-hour Markets!
1508431112
Hero Member
*
Offline Offline

Posts: 1508431112

View Profile Personal Message (Offline)

Ignore
1508431112
Reply with quote  #2

1508431112
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508431112
Hero Member
*
Offline Offline

Posts: 1508431112

View Profile Personal Message (Offline)

Ignore
1508431112
Reply with quote  #2

1508431112
Report to moderator
1508431112
Hero Member
*
Offline Offline

Posts: 1508431112

View Profile Personal Message (Offline)

Ignore
1508431112
Reply with quote  #2

1508431112
Report to moderator
Thenen
Full Member
***
Offline Offline

Activity: 230


View Profile
November 02, 2013, 02:52:53 AM
 #42

If we ignore the fees and charges, the price is still too high to see any positive return. And worse still, fees coming.
pezDspencer
Newbie
*
Offline Offline

Activity: 3


View Profile
November 02, 2013, 03:36:11 AM
 #43

Everyone says this, but really its true:  You're better off buying some BTC in cash from an exchange rather than investing in an ASIC that you won't get for months on end.  By the time you do, as mentioned above, the difficulty will be so high that there's no guarantee you'll ever meet ROI. 

That's not to say mining isn't profitable.  For some, it certainly is.  But this was Satoshi's brilliance.  The market will self-regulate between profitability in mining and not mining via difficulty level.
Jabbatheslutt
Full Member
***
Offline Offline

Activity: 168


View Profile
November 02, 2013, 04:58:49 AM
 #44

Ghash is on the point of being unprofitable.
Undefeatable
Sr. Member
****
Offline Offline

Activity: 293


View Profile
November 02, 2013, 07:10:34 AM
 #45

I am surprised the price is still at 0.1079 per GH/s... Based on my calculation, the fair price should be 0.05 Gh/s...

thecoinnoob
Newbie
*
Offline Offline

Activity: 8


View Profile
November 02, 2013, 02:29:30 PM
 #46

I'm want to buy for the exchange. And, I'm still deciding if I should go for this.
odolvlobo
Legendary
*
Offline Offline

Activity: 1918



View Profile
November 03, 2013, 01:42:02 AM
 #47

I'm want to buy for the exchange. And, I'm still deciding if I should go for this.

Before you jump in blindly and buy GH/s, it would be a good idea to figure out how much it will mine for you. I'll give you a hint ... 1 GH/s will mine less than 0.06 BTC over the next year. That is where the price will go, so buying now could be very risky.

Buy bitcoins with cash from somebody near you: LocalBitcoins
Join an anti-signature campaign: DannyHamilton's ignore list
CryptoCrazy
Newbie
*
Offline Offline

Activity: 21


View Profile
November 03, 2013, 02:00:30 AM
 #48

I totally agree, not worth it. I would use the money to buy BTC instead. At least you have the bitcoins right away and they will go up in value within the next year.
Rupture
Full Member
***
Offline Offline

Activity: 182


View Profile
November 03, 2013, 02:14:38 AM
 #49

Cex will be unprofitable in about a month or two.
InwardContour
Sr. Member
****
Offline Offline

Activity: 280


View Profile
November 03, 2013, 06:24:56 AM
 #50

It is only a good idea as long as there are gullible people who you can sell them to for a profit. It's a terrible model, though.

Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!