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Author Topic: need feedback on cex.io and ghash.io  (Read 441 times)
olram
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November 03, 2013, 11:47:15 AM
 #1

hello everyone,
I recently saw a site called cex.io which claims to sell bitfury chips.
It also says that when you buy a chip you will get instant hashing power in the private ghash.io pool.
due to low fees ($0.001 per ghs/h) im not sure if this is a scam site or not.
I would like some feedback on this site before i invest my precious money in it.
any help would be appreciated Wink
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Birdy
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November 03, 2013, 12:02:13 PM
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Even if it's not a scam, I really doubt it is profitable.
The difficulty rise will diminish the mining returns quickly and even if Bitcoin price skyrockets, you would be better off purchasing and holding the Bitcoins directly instead.
Puppet
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November 03, 2013, 12:08:28 PM
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Not a scam in the sense that you may think. They will deliver the hashrate, and they are closely affiliated with bitfury.
That doesnt mean its financially even remotely interesting, because at their current prices, its absolutely not.
olram
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November 03, 2013, 12:12:42 PM
 #4

so....
what would be a better investment?
Birdy
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November 03, 2013, 12:15:49 PM
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so....
what would be a better investment?

Buying some Bitcoins and holding them for some years.
It's risky and you could lose that money, but the possible return is very high.

My tip is: Buy a small amount of Bitcoins first and learn how to use and store them securely.
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