cex.io mining

[Bigeyeone]

1 GH/S is sold on CEX.IO for more BTC then that 1 GH will ever be able to mine , that is what the bottom line is with these guys

[1715365931]

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[1715365931]

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[MWNinja]

Get in on a group buy, its a much better deal than the big commercial providers.  We do this as a cooperative effort.

[HASHRA]

Whenever I add up the numbers on cex.io I can never make it seem a viable option, doesn't seem profitable.

[Sonny]

Whenever I add up the numbers on cex.io I can never make it seem a viable option, doesn't seem profitable.

And that is the exact reason why the site is selling you hashrate instead of mining bitcoin directly.

[mmcgehee]

Seriously, most of the posts here are so DUMB!  There are several moving parts in investing in CEX.IO GHSs.  One is the conversation rate to BTC.  Another is the difficulty rate.  Yet another is the value of BTC themselves.  I read all these all or nothing entries, DUMB!  Mining captures a portion of those 25 BTC per 10 minutes.  That's income, regardless of size, as long as it's a positive number (and it always is).   The rate of return, will not change based on the investment.  So if CEX.IO is a good investment for $.01, it's a good investment for $10,000,000.00 also.  That isn't the case with buying the hardware.  There is a scale issue, and a depreciation issue with running the hardware at home.  With CEX.IO that depreciation, and CEX's expense in upgrading their hardware, is yet another cost, buried in the fees we all pay there, as is CEX's electricity.  How anyone can barf a "you'll make nothing mining Bitcoin" without taking all these things into consideration, is wasting our time.