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

[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?

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

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[Thenen]

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

[pezDspencer]

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]

Ghash is on the point of being unprofitable.

[Undefeatable]

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]

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

[odolvlobo]

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.

[CryptoCrazy]

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]

Cex will be unprofitable in about a month or two.

[InwardContour]

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.