Looks like all the dumbasses who have CEX.io GHs are going to be holding the bag

[skooter]

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.

[bitpop]

Lol I'm surprised it's profitable at all

[Bit_Happy]

Seems like a great time to sign up at cex.io and do some trading. 
Buy low...Buy more lower. 

[tocoolforschool]

buy low, sell even lower. yipeee

[counter]

Yup the idea of watching the value go down doesn't sound like a good deal.  Maybe the fees could be lowered?

[bitpop]

Im enjoying ghash burn

[counter]

This is all very new to me but I using it as a learning experience.  Hopefully others chose to do the same. 

[Bit_Happy]

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. 

Im enjoying ghash burn

ghash burn?
Does that mean you like seeing the price go lower, or something else?

[counter]

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.

[Bit_Happy]

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.

[bitpop]

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.

[Bit_Happy]

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.