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validium
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June 28, 2014, 10:17:08 AM
 #81

Mining is only profitable for hardware sellers - always.
That's not true. I got ROI and a 30% from my mining contract from e-pickaxe.

I find that very hard to believe. Right now, they are charging about 8.3 BTC for 1 TH/s, and 1 TH/s is likely to mine less than 6 BTC. I assume your deal was equally as bad.

Can you show us your numbers (in BTC)?



In November and December I bought 266GH for $8000. That was 10.12BTC at the time. Right now I've got 11.5BTC payed out from them. And they still pay me. 30% was a bit more than the reality I'm about 15% profit. Sorry about that mistake.

Right now they would maybe not go break even and there is better deals available. PBmining was they cheapest/GH when I last checked.
PBMining is the cheapest, but there are certain people who aren't trusting it yet.

I don't like how PBMining locks you in to a 4-5 year contract, even at the low GH/s price. I prefer to keep trading and the like as much as possible.

Plus PBMining hasn't shown any pictures of their mining locations to my knowledge, so that's another downer.
PBmining is likely some kind of ponzi sceme. I would not at all recommend "investing" with them

I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.

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June 28, 2014, 10:50:19 PM
 #82

Mining is only profitable for hardware sellers - always.
That's not true. I got ROI and a 30% from my mining contract from e-pickaxe.

I find that very hard to believe. Right now, they are charging about 8.3 BTC for 1 TH/s, and 1 TH/s is likely to mine less than 6 BTC. I assume your deal was equally as bad.

Can you show us your numbers (in BTC)?



In November and December I bought 266GH for $8000. That was 10.12BTC at the time. Right now I've got 11.5BTC payed out from them. And they still pay me. 30% was a bit more than the reality I'm about 15% profit. Sorry about that mistake.

Right now they would maybe not go break even and there is better deals available. PBmining was they cheapest/GH when I last checked.
PBMining is the cheapest, but there are certain people who aren't trusting it yet.

I don't like how PBMining locks you in to a 4-5 year contract, even at the low GH/s price. I prefer to keep trading and the like as much as possible.

Plus PBMining hasn't shown any pictures of their mining locations to my knowledge, so that's another downer.
PBmining is likely some kind of ponzi sceme. I would not at all recommend "investing" with them

I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.
Simply because the only people who are making money are it's owners does not make something a ponzi scheme. The issue with cex (and all cloud mining services) is that their hashes are overpriced as well as the fact that you cannot easily predict the difficulty of the network in the future

This spot for rent.
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June 29, 2014, 01:12:02 PM
 #83

A few minutes with a calculator will show anyone why Cex.io can never be profitable when used just for mining.  The price of a gigahash falls faster than the bitcoins that gigahash can generate during the same time, even if you end up selling the investment plus keeping the generated bitcoins.  And then there are the fees.

The only people who make money on cex.io are the ones who got in very early and the traders riding the price downwards while extracting value from price swings.  Everyone else loses.

Wrong i'm afraid, take a look at GHS price charts, been upwards since begin of May, interestingly it seems to have disconnected from it's inverse relationship to difficulty.. Take a look at the Futures contracts CEX.IO made available (FHA & FHM) again profitable opportunities.
If you ONLY buy cloud hashing sit back and expect a profit, then the only outcome you'll get is disapointment.
Trading GHS and mining combined can be profitable if you educate yourself and treat your trading as a business in terms of your approach.

ShakyhandsBTCer
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June 29, 2014, 07:11:19 PM
 #84

A few minutes with a calculator will show anyone why Cex.io can never be profitable when used just for mining.  The price of a gigahash falls faster than the bitcoins that gigahash can generate during the same time, even if you end up selling the investment plus keeping the generated bitcoins.  And then there are the fees.

The only people who make money on cex.io are the ones who got in very early and the traders riding the price downwards while extracting value from price swings.  Everyone else loses.

Wrong i'm afraid, take a look at GHS price charts, been upwards since begin of May, interestingly it seems to have disconnected from it's inverse relationship to difficulty.. Take a look at the Futures contracts CEX.IO made available (FHA & FHM) again profitable opportunities.
If you ONLY buy cloud hashing sit back and expect a profit, then the only outcome you'll get is disapointment.
Trading GHS and mining combined can be profitable if you educate yourself and treat your trading as a business in terms of your approach.
This is a very interesting feature of the GHs that are sold by CEX. In a market that was 100% efficient the price of the GHs should gradually go down as they will produce less and less income in the future. I am curious to know how much cex trades GHs for their own account.
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July 26, 2014, 02:46:53 PM
 #85

i think soo... but it's reasonable than mining with hardware when you have not much money.. Smiley

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July 26, 2014, 04:42:04 PM
 #86

i think soo... but it's reasonable than mining with hardware when you have not much money.. Smiley

The safest way to gain some money is investing all you can in bitcoins, not in mining hardware or cloud mining.
Cloud mining is easier but in order to have some profit from it, you have to be very lucky choosing the right coin to instamine.

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July 26, 2014, 09:56:24 PM
 #87

Ok I'm gonna say that I "fell" for this too, but I did the math, and I'm making money...

I have honestly tried my hardest to find places where I lose my money, but the math says I am going up, consistently. Now I do also trade the hashes, but still. I've been holding a few hashes recently as the price is on an up trend, and I'm getting really nice ROIs.

Someone explain why it is such a bad investment though? I read the thread, but am I THAT different from everyone else in their experiences?

I checked everything; I'm making money. So I don't see what the problem is.
Wooo! Copy-paster!

This has been saved and reported to PrimeDice

Ok I'm gonna say that I "fell" for this too, but I did the math, and I'm making money...

I have honestly tried my hardest to find places where I lose my money, but the math says I am going up, consistently. Now I do also trade the hashes, but still. I've been holding a few hashes recently as the price is on an up trend, and I'm getting really nice ROIs.

Someone explain why it is such a bad investment though? I read the thread, but am I THAT different from everyone else in their experiences?

I checked everything; I'm making money. So I don't see what the problem is.
For reference.

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July 27, 2014, 02:54:43 AM
 #88

Quote
I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.

Really?  I guess I was just lucky then.  I made a couple hundred bucks profit on cex.io.  I just bought GHS when the price was right, and sold it right when there was a price spike.  Also made some nice mining profit along the way. 

It was kind of unstable though, and I found myself constantly checking the site...  Not a good LONG term investment. :-/
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July 27, 2014, 06:48:25 AM
 #89

Maybe profitable investment if the price 0.001 GH/s  Tongue
and no maintenance fee

i think we better see other cloud mining
PBMining.com / lunamine.com / bitcoincloudservices.com is better than CEX.IO

Quote
I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.

Really?  I guess I was just lucky then.  I made a couple hundred bucks profit on cex.io.  I just bought GHS when the price was right, and sold it right when there was a price spike.  Also made some nice mining profit along the way. 

It was kind of unstable though, and I found myself constantly checking the site...  Not a good LONG term investment. :-/


Trading GH/s is very risky
I think everyone should be careful

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July 27, 2014, 07:48:45 AM
 #90

i think soo... but it's reasonable than mining with hardware when you have not much money.. Smiley

The safest way to gain some money is investing all you can in bitcoins, not in mining hardware or cloud mining.
Cloud mining is easier but in order to have some profit from it, you have to be very lucky choosing the right coin to instamine.

hmm investing bitcoins? may you have a link for invest it? or trade bitcoins?
thank youu.. Smiley

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July 27, 2014, 10:49:28 AM
 #91

"not a profitable investment"

That depends on WHEN you trade and to WHO for WHAT price.

Some people defensively made a profit there, buying the Ghz cheap and selling them expensive and in the mean time making profit from the BTC they mine. Right now it might not me a good time to buy Ghz there, but if one were holding Ghz it might be a good to sell them to some fool who pays overprice for it.

In the end someone will make a profit and someone will make a lose. Not to strange.

+1.
Earlier people traded GHs in Cex.io and made profits. They buy GHs when the price is low and sell it when it increases. They got profit just for trading + they got some BTC before they sell the GHs as it was mining. But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.
Kindly,
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July 27, 2014, 04:25:06 PM
 #92

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

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July 27, 2014, 04:28:12 PM
 #93

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

In theory the price of CEX's Ghs should always decrease because the GHs will have paid out some BTC from found blocks.
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July 27, 2014, 04:41:16 PM
 #94

In theory the price of CEX's Ghs should always decrease because the GHs will have paid out some BTC from found blocks.

That's true. In theory, if the difficulty doesn't change, then 1 GH/s is worth approximately 1/150,000,000 of the remaining 8,000,000 bitcoins, or 0.053 BTC, and that value drops as the number of bitcoins remaining drops.

But, the reality is that the difficulty will continue to rise relentlessly and the value of 1 GH/s is really much less than that -- more like 0.004 BTC.

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July 28, 2014, 06:11:47 AM
 #95

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.


w0w.. the price decrease so quick...
hmm,... i bought 4.6mBTC/GHs.. Sad
is there any advice where the place for cloud mining?
thank you.. Smiley

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August 01, 2014, 02:02:04 AM
 #96

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

You need to take into consideration the amount of bitcoin these GHs have paid out since they were trading at these prices. Even though the prices have decreased, the owner of the GHs would have reaped some amount of benefit from the mining revenue.

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August 27, 2014, 06:21:03 PM
 #97

hheeelllooo...
is this threaadd stiilll liveee??

it's hard to investment in cloudd mining for mining....
that's my think...
the price is fluctuation... and based at demand and supplyyy Sad
rthe price of cex.io now is 0.0037....

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August 30, 2014, 12:37:52 PM
 #98

Very difficult to invest in cloudmining now, because because the prices are very volatile investments, we can not predict when we will return the result of capital investment, so I think investing in cloudmining at this time is very less favorable, hopefully next time there are system that can estimate how much profit we will get from the investment ...  Cool

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September 02, 2014, 03:35:53 PM
 #99

Cex.io was always a bad investment. Only affiliates won from it.
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September 03, 2014, 12:54:33 PM
 #100

Cex.io was always a bad investment. Only affiliates won from it.

Now it is profitable. I made some through mining and trading. Just give it a try. Buy at much lower price and sell it at higher price. Will take a few hours to execute the order. Need to be patient. Smiley

  ~~MZ~~

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