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Author Topic: Looks like all the dumbasses who have CEX.io GHs are going to be holding the bag  (Read 758 times)
skooter
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April 30, 2014, 03:55:51 AM
 #1

Looks like the price at cex.io crashed.

And the maintenance fees are ridiculous now.

Maintenance of 100 GH = $26 / month.

Revenue of 100 GH at current exchange rate (443) and current difficulty = just $83 / month.

In a few more months those GH won't be profitable at all.
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bitpop
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May 01, 2014, 07:17:35 AM
 #2

Lol I'm surprised it's profitable at all

Bit_Happy
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May 01, 2014, 05:18:49 PM
 #3

Seems like a great time to sign up at cex.io and do some trading. 
Buy low...Buy more lower.  Smiley
tocoolforschool
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May 02, 2014, 01:05:10 AM
 #4

buy low, sell even lower. yipeee
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May 02, 2014, 01:13:37 AM
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Yup the idea of watching the value go down doesn't sound like a good deal.  Maybe the fees could be lowered?
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May 02, 2014, 01:44:42 AM
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Im enjoying ghash burn

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May 02, 2014, 01:57:12 AM
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This is all very new to me but I using it as a learning experience.  Hopefully others chose to do the same. 
Bit_Happy
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May 02, 2014, 02:12:37 AM
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This is all very new to me but I using it as a learning experience.  Hopefully others chose to do the same. 

Life is an adventure in learning.  Smiley


Im enjoying ghash burn
ghash burn?
Does that mean you like seeing the price go lower, or something else?
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May 02, 2014, 02:14:44 AM
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I took it to mean that bitpop found the current situation to be a form of amusement in way or another but that could be a misinterpretation on my part.
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May 02, 2014, 02:22:43 AM
 #10

Bear markets are fun for some people, it depends on how much money you have to work with.
Almost everything related to mining will get hot again when BTC doubles in price and keeps going higher.
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May 02, 2014, 02:31:30 AM
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I took it to mean that bitpop found the current situation to be a form of amusement in way or another but that could be a misinterpretation on my part.

Correct, ghash=cex

People overpaying for mining in order to trade and scam others, supporting a pool that's too large. Very greedy.

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May 02, 2014, 03:01:12 AM
 #12

At least it's not a situation where everyone is locked into an expensive multi-year contract.
The exchange provides a market, since it's overpriced you get a long down trend. At some point prices will (probably) be low enough to be a really great deal.
CEX.io is a site I intend to join, but haven't put a high priority on getting started.
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