Does cex.io size create weakness for BTC ? opinions guesses welcome.

[philipma1957]

 Cex.io is really big. over 1000 th.   at .065 a gh Cex.io has a huge value crazy big.  1 th is 65 btc or 71,500 usd.   They have 1300 times that this comes to a paper value of 929,500,000.     If they fail  how big is the hit for BTC?  Now AM was huge and at 40% of the hash back in APRiL-May this year.  So this hugeness of cex.io may end up with simple shrinkage  like am did.    Any guesses or opinions  are welcome.

[philipma1957]

please forgive my math on the paper value of cex.io as I did it off the top of my head.  it may be bigger them 900 million usd.  edit   yeah it is closer to 1.2 billion usd on paper.

[ThickAsThieves]

You assume they are actually hashing...  I always assumed this was a TradeFortress product to short mining diff .

[philipma1957]

You assume they are actually hashing...  I always assumed this was a TradeFortress product to short mining diff .

 I suppose you could be correct.  and that all or at least most of their  hash power is based on the minds eye (the clouds in the sky so to speak)  still brings us back to the what if they fold quickly vs shrink slowly question.  Or how about if they continue to expand to 3ph of 7ph.

[dexX7]

You assume they are actually hashing...  I always assumed this was a TradeFortress product to short mining diff .

It would actually be interesting, if anyone tried https://cex.io/redeem.

[moderate]

You assume they are actually hashing...

So you are saying they get blocks frequently without even hashing ? That sounds even better, I'm very interested in knowing how to do that. Or are you saying ghash.io is not owned by cex.io ?

[meta.p02]

You assume they are actually hashing...

So you are saying they get blocks frequently without even hashing ? That sounds even better, I'm very interested in knowing how to do that. Or are you saying ghash.io is not owned by cex.io ?

They probably just pay you whenever ghash.io finds a block.