Merged mining on CEX.IO

[jongameson]

I just bought a couple GHS, and noticed it's mining NMC, IXC, and DVC at the same time as BTC.  What is this all about??

[minifrij]

It's just giving you more bang for your buck I should think. I don't think that it mining the other cryptos takes away from your BTC mining rate.

[Lethn]

yeah when you rent the hashpower it mines other coins using the same SHA-256 protocol Bitcoin does, I wish they'd rent out scrypt hashing and minifrij is right, from what I can gather it doesn't do anything to your hashrate.

[Pazatron]

As a complete newb, I'd like to know the financial benefits of cloud mining. Any opinions?

[jongameson]

The cost per GH/s is exchanged just like a stock.  So it fluctuates while your mining and you can sell it at any time for a profit or a loss.

And it's kind of tricky because currently a GH/s will make you 0.03 by March, and level off after that.  And your paying 0.038 so the benefits? probably minimal.

I guess you get the other coins too..

[Smileyftw]

is CEX advertising everywhere ? i can see them here only

[kostja]

I wish they'd rent out scrypt hashing

In "services"  on Marketplace is one guy, that rent own GPU farm.

And other that exist CPU cloud mining.