I Will Pay You To Mine With CEX.IO

[howzar]

Profitable ?? You have to explain me because, according to my calculations it is not :

0.01124000*100GH = 1.124807 BTC

date (dd/mm/yy)    days    days added     +diff                       diff   gain in BTC   gain added   FIAT minus electricity   FIAT added
8/4/14                 10.2          10.2          0.00%   6,119,726,089   0.08256544   0.08256544   33                        33
18/4/14                 15          25.2          19.15%   7,291,653,635   0.09966282   0.18222827   39                        72
3/5/14                 15          40.2          20.00%   8,749,984,362   0.07973026   0.26195852   30                        102
18/5/14                 15          55.2          20.00%   10,499,981,234   0.06378421   0.32574273   23                        125
2/6/14                 15          70.2          20.00%   12,599,977,481   0.05102737   0.37677010   17                        143
17/6/14                 15          85.2          20.00%   15,119,972,978   0.04082189   0.41759199   13                        155
2/7/14                 15          100.2       20.00%   18,143,967,573   0.03265751   0.45024951   9                        165
17/7/14                 15          115.2       20.00%   21,772,761,088   0.02612601   0.47637552   6                        171
1/8/14                 15          130.2       20.00%   26,127,313,305   0.02090081   0.49727633   4                        175
16/8/14                 15          145.2       20.00%   31,352,775,966   0.01672065   0.51399697   2                        177
31/8/14                 15          160.2       20.00%   37,623,331,160   0.01337652   0.52737349   1                        177
15/9/14                 15          175.2       20.00%   45,147,997,392   0.01070121   0.53807470   -1                        177

So you spend 1.124 and may get back 0.538 BTC after 5.84 months ?

Do CEX.IO charge fees ? What happen when the price of electricity > gain ??

What you have to understand is that you may sell off your GH/s (maybe at a higher price!) so what it has mined you is profit PLUS any difference when you sold.

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[howzar]

Would anyone be interested if I setup a referral sharing system and paid you or had a giveaway if you signed up with my referral link and bought GH/s on CEX.IO?

EDIT: link is https://cex.io/r/0/Howzar/0/

New Edit: As a base cashback I will pay 25% and up to 80% (for large referral signup purchases) of the btc your bonus GH/s mines me daily!

well, i have some ghs. can i create another account then transfer them over? what will i get?

You'll have to state how many you have now and what you plan on buying.

[thy]

Profitable ?? You have to explain me because, according to my calculations it is not :

0.01124000*100GH = 1.124807 BTC

date (dd/mm/yy)    days    days added     +diff                       diff   gain in BTC   gain added   FIAT minus electricity   FIAT added
8/4/14                 10.2          10.2          0.00%   6,119,726,089   0.08256544   0.08256544   33                        33
18/4/14                 15          25.2          19.15%   7,291,653,635   0.09966282   0.18222827   39                        72
3/5/14                 15          40.2          20.00%   8,749,984,362   0.07973026   0.26195852   30                        102
18/5/14                 15          55.2          20.00%   10,499,981,234   0.06378421   0.32574273   23                        125
2/6/14                 15          70.2          20.00%   12,599,977,481   0.05102737   0.37677010   17                        143
17/6/14                 15          85.2          20.00%   15,119,972,978   0.04082189   0.41759199   13                        155
2/7/14                 15          100.2       20.00%   18,143,967,573   0.03265751   0.45024951   9                        165
17/7/14                 15          115.2       20.00%   21,772,761,088   0.02612601   0.47637552   6                        171
1/8/14                 15          130.2       20.00%   26,127,313,305   0.02090081   0.49727633   4                        175
16/8/14                 15          145.2       20.00%   31,352,775,966   0.01672065   0.51399697   2                        177
31/8/14                 15          160.2       20.00%   37,623,331,160   0.01337652   0.52737349   1                        177
15/9/14                 15          175.2       20.00%   45,147,997,392   0.01070121   0.53807470   -1                        177

So you spend 1.124 and may get back 0.538 BTC after 5.84 months ?

Do CEX.IO charge fees ? What happen when the price of electricity > gain ??

Yes they charge a maintenance fee(electricity/hosting/repair), i think it was slightly over 12% of the mining incomes last time i looked at there site, it's probably slightly more now.
Recently they announced there about to charge fees(0,2-0,5%?) when people trade there GH to.

[ajw7989]

Their site is starting to get greedy. They charge a .2% fee temporary then it will range from .2-.5% based on trade volume. On top of this they are charging about 20% in fees (electric/hosting/etc). It used to be profitable to play as an exchange and look at the mining as interest. However now they charge trading fees and maintenance fees making it very hard to turn a profit at their ridiculous btc/gh rate.

[byt411]

Their site is starting to get greedy. They charge a .2% fee temporary then it will range from .2-.5% based on trade volume. On top of this they are charging about 20% in fees (electric/hosting/etc). It used to be profitable to play as an exchange and look at the mining as interest. However now they charge trading fees and maintenance fees making it very hard to turn a profit at their ridiculous btc/gh rate.

https://cex.io/maintenance

19.68% of mining profit. But that's only if you use their cloud hashing, if you have your own hardware it's still 0% pool fee.

[howzar]

Their site is starting to get greedy. They charge a .2% fee temporary then it will range from .2-.5% based on trade volume. On top of this they are charging about 20% in fees (electric/hosting/etc). It used to be profitable to play as an exchange and look at the mining as interest. However now they charge trading fees and maintenance fees making it very hard to turn a profit at their ridiculous btc/gh rate.

0.2% will not account for much to be honest,

And the 20% or so fees on maintenance is what you would expect to pay if you mined in your own home, if not LESS expensive than hosting your own equipment.

[coinnewbit]

Would anyone be interested if I setup a referral sharing system and paid you or had a giveaway if you signed up with my referral link and bought GH/s on CEX.IO?

EDIT: link is https://cex.io/r/0/Howzar/0/

New Edit: As a base cashback I will pay 25% and up to 80% (for large referral signup purchases) of the btc your bonus GH/s mines me daily!

well, i have some ghs. can i create another account then transfer them over? what will i get?

You'll have to state how many you have now and what you plan on buying.

I have 2.8 ghs now and I am planning to buy 5 more

[howzar]

Would anyone be interested if I setup a referral sharing system and paid you or had a giveaway if you signed up with my referral link and bought GH/s on CEX.IO?

EDIT: link is https://cex.io/r/0/Howzar/0/

New Edit: As a base cashback I will pay 25% and up to 80% (for large referral signup purchases) of the btc your bonus GH/s mines me daily!

well, i have some ghs. can i create another account then transfer them over? what will i get?

You'll have to state how many you have now and what you plan on buying.

I have 2.8 ghs now and I am planning to buy 5 more

That would only give me around 0.023 ghs so it will mine barely anything.

[coinnewbit]

Would anyone be interested if I setup a referral sharing system and paid you or had a giveaway if you signed up with my referral link and bought GH/s on CEX.IO?

EDIT: link is https://cex.io/r/0/Howzar/0/

New Edit: As a base cashback I will pay 25% and up to 80% (for large referral signup purchases) of the btc your bonus GH/s mines me daily!

well, i have some ghs. can i create another account then transfer them over? what will i get?

You'll have to state how many you have now and what you plan on buying.

I have 2.8 ghs now and I am planning to buy 5 more

That would only give me around 0.023 ghs so it will mine barely anything.

Yeah, I m just treating cex as a passive coin generator now