Why do people still buy GHs at CEX?

[dwyer17]

I'm pretty sure I am losing money with cloud mining at cex io.

The fees are ridiculous.

[sandykho47]

There are crazy ways to get profit from cex.io.
1. Buy at low prices
2. Mine it for few weeks
3. Sell it agan

Some person get profit with this crazy ways.
But, if you can't predict GHs price, it will be harder.

[ajw7989]

If you play cex as an exchange theres money to be made and only if you consider the gh as interest. looking at it from a mining perspective esp long time will always resuly in a loss

[Udyr]

im sure cex is legit, but damn, no point in investing in hashes, I rather just buy from their exchange then.

[monbux]

They also apparently have 1k - 2k traders always online - that's quite a population considering you barely make any cents per GHS per month... IMO AMHASH and hashnest is a lot better!

[yahoo62278]

i know i personally have bought 100gh/s on cex.io 2 different times and i have lost money both times. op is correct its a losing venture to just purchase gh/s n mine

[ajw7989]

i know i personally have bought 100gh/s on cex.io 2 different times and i have lost money both times. op is correct its a losing venture to just purchase gh/s n mine

The only time mining was profitable was way back when it first started since there was a risk whether they were a scam. They were the first to venture into cloud mining at that level and of course anything that is new to bitcoin has risk but also great rewards. I remember in 2 weeks I triple my initial investment of 0.5 btc to test the waters. All I did was buy low mine for a few days then resell. Rinse and repeat with no trade fees or maintenance fees it was very nice.

[Ziggs]

anyone know a better lower maintenance fee then 16% like the op has mentioned..