cex.io mining

[pahviloota]

Is it worth to mine CEX.io with 10GH/s or lower?

I'm mining with 6GH/s at the moment there. 

[jongameson]

not really.  to be honest i'd put my money in doge  

[odolvlobo]

1 GH/s will mine no more than 0.02 BTC over the next year. If you paid more than that, then you are losing money regardless of how many you have.

[ivansosnitski]

Hi.

[Car247]

nope no profit at all

[pahviloota]

Well I have used 80€ on hashing power there. and I would get about 200€ back if I would sell all my GH and take my bitcoins out. so I think it's profitable. (you don't really lose money because you can always sell the hashing power you own.)

[nishtrip15]

Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....

[sottymax]

How does that work?

Did you see this?

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[pahviloota]

Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....

so I should take my money out now and leave? I bought my giga hashes when the price went down to 0.03btc/ghs and now it's around 0.045btc/ghs

[JimmyJams]

so newb. so gullible. such wow.

Thats not very nice.

[Colin Miner]

Mining profits have ridiculously decreased.A friend of mine has 7 Giga hashes and he earns like 2$ daily. :/ With decreasing profits,price/ghash is going down so if you think you can earn your money back by selling ghashes,then forget about it coz you never know when prices go further down.....

so I should take my money out now and leave? I bought my giga hashes when the price went down to 0.03btc/ghs and now it's around 0.045btc/ghs

Take them out now, or sell before they drop below 0.03

You can set a sell order for your complete holding and sell at 0.03 or anywhere above, while still mining with them until they sell.

If you sell now, then buy again when they return to 0.03, you have yourself a profit and you get to keep the Ghash you started with 

[FalconFly]

so newb. so gullible. such wow.

Thats not very nice.

Yes, but true...
One guy got lucky (so far) if he realizes his temporary selling opportunity which won't last forever. If he doesn't, he'll go the route of everything cex.io -> losses cumulating.

Cex.io is a money-losing machine but suitable for trading or experimenting a bit around (accepting the losses). GHs prices medium and long-term only know one way : down.
(that's why cex.io only gives you max. 1 month history, otherwise it would be too obvious where price is always headed)

[Kipsy89]

so newb. so gullible. such wow.

Thats not very nice.

the people buying up cex.io need to learn sometime.  

[odolvlobo]

so I should take my money out now and leave?

I'm sorry to be so harsh but seriously, if you have to ask a group of strangers what to do, then you shouldn't be investing. Only invest in things you understand. You don't understand mining, so don't invest in it. I learned that the hard way.

[bardi.harborow]

It's equally profitable whether you have 1000Gh/s or .1Gh/s, you get the same percentage return, just a smaller total figure. But anyway, you have more than I do (1 GH/s). =P

[ShakyhandsBTCer]

question is how much longer can people keep pawning off unprofitable shares on others?

[pahviloota]

So, took my money out and got 120€ profit.

[dmpotter]

cex.io is cheaper per gh/s than lowend hardware. For a while people were paying $60 for 333Mh/s. Right now for lowend, seems like antminers are the best value if you don't have $500+ to spend.

[JDMiner]

My question. Once purchased 1 or more Ghs which is the lifetime of buy 1 month, 1 year?

[dmpotter]

My question. Once purchased 1 or more Ghs which is the lifetime of buy 1 month, 1 year?

Lifetime, your gh/s to mine with or trade.

i'll give you .1 gh/s to try it. If you hadn't made account I would appreciate the using of my referral link.

My Refer Link to cex.io

Just PM me.