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Author Topic: Cex.io and Their MAITANANCE They are THEFTS!!  (Read 2494 times)
CryptoBrother (OP)
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May 30, 2014, 01:27:02 PM
Last edit: May 30, 2014, 01:57:14 PM by CryptoBrother
 #1

Ok they are kidding with us!




I´ve mad some calculations:

7506 Earned
3129 Maitenance

41%


Proofs:




Ok. I have an account on cex.io & Ghash.io with about 14Gh/s

I´m mostly looking how it´s going and I just deleted all my bitcoins from this CRAPPY SHITTY THIEFT MASTER WEBSITE!

Here You have some screens why i call them THEFTS!

- 50% of my minted BTC was taken for maitanance..... WTF Huh? I´m idiot and I´m mining 50% for Cex.io? with 100% my invest?



Here They took from me about 80% of my earnings!!

They think that We are stupid or what? Ok usually it´s about 100 Satoshi ( look like 10% from earnings) but each few blocks it´s more than 50%

I´m getting about 1000 Satoshi per block and if They for each block are taking from my 100 sit´s bad!

Maitanance + Trade Fee + EXTREME HASHRATE DROPS!!!

Please better go out from this stuppid business as They are just fucking with us! with current pool hashrate and my calculations they are earning:

14GH/s - Each Block 100satoshi
140GH/s - 1000Satoshi
1400Gh/s - 10000 Satoshi
14000GH/s - 100000 Satoshi
POOL HASHRATE IS 28Ph/s which is 200000 Satoshi per block from MAITANANCE which is 0.2 BTC per block!!

Blocks per day = should be 1440 min ( 24H) / 10min block time = 144 Blocks per day let´s say that cex.io get about 50 blocks per day based on hashrate

50Blocks x 0.2 = 10 BTC per day

10 BTC x 30= 300 BTC

300BTC x 550$ =165000 $ per month

just from MAITANANCE!! now add trade Fee and mining fee ( this is not 0%!!)

Please don´t tell me that cost for maitanance per month are 165K!!

Official price for maitanance per Gh/s is 0.26$ Huh?? - PER MONTH!

and with 1GH/s You are able to make per Month    0.00146400 BTC   $0.83


It´s clear 1/4 of Your earnings!!! 25%!!!!!!
https://cex.io/maintenance

and Here they are talking about 4%???

https://support.cex.io/hc/communities/public/questions/200783457-Official-statement-about-the-maintenance-fee


Quote
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.

I love the ACES dev for giving me my investment back Smiley
CryptoBrother (OP)
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May 30, 2014, 01:57:49 PM
 #2

I´ve mad some calculations:

7506 Earned
3129 Maitenance

41%


Proofs:


I love the ACES dev for giving me my investment back Smiley
TrillionBTC
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May 30, 2014, 02:32:02 PM
 #3

Oh WOW!!!!!! You're one of these guys. Standard Troll,

Why Don't you post the instances when CEX.IO submits multiple blocks in a row and you pay absolutely no maintenance fee as a result. You won't because that just does not fit your agenda here trolling.

CEX.IO charges their maintenance fees on a PPS plan. Although I'd like to see them restructure these fees too. I have to agree with their support staff on this when the say that their PPS plan is a fair way to charge these fees.

Here's why: You can buy and sell their cloud hosting service at anytime. Buy 1 GHS now and sell it a minute later. So on the PPS plan they're charging you based on how many shares your GHS submitting in that minute. They want $0.26 per GHS per month in BTC of coarse and they know roughly how many shares 1 GHS submits in a month and breaks that down in a BTC fraction price per share for you. If they charge you $0.26 for their fees when you bought the GHS and you sold it a minute later how's that fair?

With this site averaging 60-80 blocks a day you need to take the good with the bad. Sometimes it takes longer to submits some blocks than others and they charge the fees at block submission so you typically don't have to pay them up front for the fees.

If you think this is unjust sell off your GHS and I will buy them from you. I believe this is one of the best platforms for cloud hosting out there and it's getting better.
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May 30, 2014, 02:46:50 PM
 #4

Ok they are kidding with us!

https://i.imgur.com/8Xizn63.png


I´ve mad some calculations:

7506 Earned
3129 Maitenance

41%


Proofs:

https://i.imgur.com/LPwUgBp.png


Ok. I have an account on cex.io & Ghash.io with about 14Gh/s

I´m mostly looking how it´s going and I just deleted all my bitcoins from this CRAPPY SHITTY THIEFT MASTER WEBSITE!

Here You have some screens why i call them THEFTS!

https://i.imgur.com/pDPLxEi.png - 50% of my minted BTC was taken for maitanance..... WTF Huh? I´m idiot and I´m mining 50% for Cex.io? with 100% my invest?

https://i.imgur.com/Qmbvq6b.png

Here They took from me about 80% of my earnings!!

They think that We are stupid or what? Ok usually it´s about 100 Satoshi ( look like 10% from earnings) but each few blocks it´s more than 50%

I´m getting about 1000 Satoshi per block and if They for each block are taking from my 100 sit´s bad!

Maitanance + Trade Fee + EXTREME HASHRATE DROPS!!!

Please better go out from this stuppid business as They are just fucking with us! with current pool hashrate and my calculations they are earning:

14GH/s - Each Block 100satoshi
140GH/s - 1000Satoshi
1400Gh/s - 10000 Satoshi
14000GH/s - 100000 Satoshi
POOL HASHRATE IS 28Ph/s which is 200000 Satoshi per block from MAITANANCE which is 0.2 BTC per block!!

Blocks per day = should be 1440 min ( 24H) / 10min block time = 144 Blocks per day let´s say that cex.io get about 50 blocks per day based on hashrate

50Blocks x 0.2 = 10 BTC per day

10 BTC x 30= 300 BTC

300BTC x 550$ =165000 $ per month

just from MAITANANCE!! now add trade Fee and mining fee ( this is not 0%!!)

Please don´t tell me that cost for maitanance per month are 165K!!

Official price for maitanance per Gh/s is 0.26$ Huh?? - PER MONTH!

and with 1GH/s You are able to make per Month    0.00146400 BTC   $0.83


It´s clear 1/4 of Your earnings!!! 25%!!!!!!
https://cex.io/maintenance

and Here they are talking about 4%???

https://support.cex.io/hc/communities/public/questions/200783457-Official-statement-about-the-maintenance-fee


Quote
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.

Please go back to school.
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May 30, 2014, 03:22:46 PM
 #5

Ok they are kidding with us!

https://i.imgur.com/8Xizn63.png


I´ve mad some calculations:

7506 Earned
3129 Maitenance

41%


Proofs:

https://i.imgur.com/LPwUgBp.png


Ok. I have an account on cex.io & Ghash.io with about 14Gh/s

I´m mostly looking how it´s going and I just deleted all my bitcoins from this CRAPPY SHITTY THIEFT MASTER WEBSITE!

Here You have some screens why i call them THEFTS!

https://i.imgur.com/pDPLxEi.png - 50% of my minted BTC was taken for maitanance..... WTF Huh? I´m idiot and I´m mining 50% for Cex.io? with 100% my invest?

https://i.imgur.com/Qmbvq6b.png

Here They took from me about 80% of my earnings!!

They think that We are stupid or what? Ok usually it´s about 100 Satoshi ( look like 10% from earnings) but each few blocks it´s more than 50%

I´m getting about 1000 Satoshi per block and if They for each block are taking from my 100 sit´s bad!

Maitanance + Trade Fee + EXTREME HASHRATE DROPS!!!

Please better go out from this stuppid business as They are just fucking with us! with current pool hashrate and my calculations they are earning:

14GH/s - Each Block 100satoshi
140GH/s - 1000Satoshi
1400Gh/s - 10000 Satoshi
14000GH/s - 100000 Satoshi
POOL HASHRATE IS 28Ph/s which is 200000 Satoshi per block from MAITANANCE which is 0.2 BTC per block!!

Blocks per day = should be 1440 min ( 24H) / 10min block time = 144 Blocks per day let´s say that cex.io get about 50 blocks per day based on hashrate

50Blocks x 0.2 = 10 BTC per day

10 BTC x 30= 300 BTC

300BTC x 550$ =165000 $ per month

just from MAITANANCE!! now add trade Fee and mining fee ( this is not 0%!!)

Please don´t tell me that cost for maitanance per month are 165K!!

Official price for maitanance per Gh/s is 0.26$ Huh?? - PER MONTH!

and with 1GH/s You are able to make per Month    0.00146400 BTC   $0.83


It´s clear 1/4 of Your earnings!!! 25%!!!!!!
https://cex.io/maintenance

and Here they are talking about 4%???

https://support.cex.io/hc/communities/public/questions/200783457-Official-statement-about-the-maintenance-fee


Quote
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.

This type of post should be removed by mods. What a joke
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May 30, 2014, 04:41:46 PM
 #6

im like you to but if you have more ghs thats not problem .
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May 30, 2014, 05:59:51 PM
 #7

I don't see how they could make maintenance any clearer in their documentation. Most people seem to be buying up GHS as if they don't understand though. If someone tells you they are going to take x% of your profits as a fee and then they take x% of your profits, they are not thieves.

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May 30, 2014, 06:46:27 PM
 #8

If you don't want to pay their maintenance fees, then mine on their pool using your own miners. 

Plain and simple.

For the record, I hope that they do change their maintenance fees a bit more, but they are clearly spelled out in the documentation which you apparently failed to read.  Their cloud service is best I've seen so far.

CryptoBrother (OP)
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May 31, 2014, 04:18:27 AM
 #9

I´m going to spend FULL 7 DAYS calculating my earnings and fees for this earnings...

I know that it is more than 0.26$/month/1Gh/s and it is not 4%

after 1st day it is more than 40% ...

Here are another persons from board that have thesame... some people just don´t look how much they charge....



and here are another screens...



Than They should chargme me about 0.00045 ( with current price) per 1 Gh/s
And I can make around 0.00146400 BTC with 1Gh/s which is about $0.83
Which mean that they charge more than 30% of my earnings....

IF THEY SAY TRUE but according to my calculates

4hours mining made so far 8147 Satoshi They took my 3438 Satoshi it means that They took 42% of my earnings

in 1 day i will earn about 48,882 Satoshi
in 1 day they will take about 20,628 Satoshi
now x30 days

I wil learn 1466560 Satoshi
They will take 618840 Satoshi

If I´m calculate good than they wil lcharge me    3.57 USD ( with current  price) And i have 14Gh/s which is 0.26$ per Gh/s

Yes i know but I´m not telling that they put bad % or smth i just wan to tell that They charge about 30% FEE!! They had 0% pool fee Ok but charging 30% ONLY FROM GH/S BOUGHT ON WEBSITE! (if You are mining with your own hardware You don´t pay maitenenace fee)

THIS IS CLEAR SCAM! You can earn AT THE MOMENT 0.86$ and They want 0.26% Huh? THIS IS 30%!!!!

Price per Gh/s is ridicullus as well.... ( but ok this is not their foult)

Ok nvm I told that BitCoin now is like piramide.... You need to always put more and more and more and more... I´m just waiting for end when BTC will crash crash crash.. why? everything have start and end....

Born - Die
You have money - You spend Money
You have Job - you lose Job
you lie - Someone know

This is why we have so much altcoins on market it´s like our new world.... New people just born... Good People and Bad people, scammers and workers, idiots and clever people... nvm I´m just out of this stupid website....

btw on 1nd account i have about 70satoshi per block and They charge me about 15satoshi Cheesy good deal

- I paid for Gh/s
- I risk 8 cuz they have money if btc price crash)
- I need to invest all the time more and more not they.... ( they have good income accoirding to Fee and Maitenenance...)

btw

30Ph/s = 30,000 Gh/s x 3,57USD/Gh/s=107,100$ (~100K $ ) + Trade Fee

Quote
Eventually, the trading platform will move to a flexible fee system, according to which the commission will vary for each user, depending on his 30-day trading history, and will lie between 0.5% and 0.2%.
0.2 and 0.5 is big diffrence but ok let´s say 0.2%


24h volume:
75730.77550604 GH/s
with trade fee 0.2% is about 1BTC + Fee from NMC LTC ETC ETC ETC but ok let´s say 1BTC per day

30BTC per month from trade fee 30BTCx550$=16,500$

Arround 150,000 $ per month and they say that They are charging this maitenance fee even from Gh/s from refferals! i have 10Gh/s from refferals and they charge me as well..... this is stupid as hell

here You have more kinda fresh posts...




I love the ACES dev for giving me my investment back Smiley
Majixagi
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May 31, 2014, 04:38:33 AM
 #10

Let me try to simplify this for you because I think you put way too much thought into it instead of reading.

1 GHS will earn $0.8693 in a month assuming the difficulty and exchange rate doesn't change, but they both will change.
1 GHS will cost $0.26 in a month

You are spending 30% of your profits today on maintenance fees. Keep in mind that the difficulty will go up and you will earn less over time while the maintenance fees have no guarantee of following that 30% trend.

They make this very clear on their maintenance page and in their terms of service.


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May 31, 2014, 07:52:57 AM
 #11

and Here they are talking about 4%???

https://support.cex.io/hc/communities/public/questions/200783457-Official-statement-about-the-maintenance-fee


Quote
The fee will be billed in BTC per mining share. The estimated fee is 0.000000002695 BTC/share, which makes it ~4% of total mining profit.

Did you notice the date of that post is "November 01, 2013 21:05", and how much has the difficulty gone up in the 6 months? Smiley

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May 31, 2014, 07:56:32 AM
 #12

Let me try to simplify this for you because I think you put way too much thought into it instead of reading.

1 GHS will earn $0.8693 in a month assuming the difficulty and exchange rate doesn't change, but they both will change.
1 GHS will cost $0.26 in a month

You are spending 30% of your profits today on maintenance fees. Keep in mind that the difficulty will go up and you will earn less over time while the maintenance fees have no guarantee of following that 30% trend.

They make this very clear on their maintenance page and in their terms of service.



This.
If bitcoin price doesn't change, and difficulty is doubled, the fee % will be doubled.
If bitcoin price doesn't change, and difficulty goes up 250%, you will get nothing from your hashrate as the maintenance fee % will be over 100%. Smiley

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May 31, 2014, 12:46:55 PM
 #13

They make this very clear on their maintenance page and in their terms of service.

They also delete their documentation randomly whenever they want to raise prices without warning...... Roll Eyes

Have you been a victim of dogie insults, neg-rep'd for no reason or been falsely accused by him? If so, air your experiences here:  https://bitcointalk.org/index.php?topic=905210.0
Avoid manipulative Exchanges - Localbitcoins.com
CryptoBrother (OP)
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May 31, 2014, 12:53:31 PM
 #14

I´m getting more BTC with 500-1000 Kh/s on Multipool on Ghash.io with autoconvert than with 15Gh/s mining BitCoin......

Never mind It´s jast ridiculus.. I started with them few months ago and everything was fine but money change people and services.

I love the ACES dev for giving me my investment back Smiley
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May 31, 2014, 01:41:35 PM
 #15

I´m going to spend FULL 7 DAYS calculating my earnings and fees for this earnings...

I know that it is more than 0.26$/month/1Gh/s and it is not 4%

after 1st day it is more than 40% ...

Here are another persons from board that have thesame... some people just don´t look how much they charge....

https://i.imgur.com/PjEx8ld.png

and here are another screens...

https://i.imgur.com/YnW0DHM.png

Than They should chargme me about 0.00045 ( with current price) per 1 Gh/s
And I can make around 0.00146400 BTC with 1Gh/s which is about $0.83
Which mean that they charge more than 30% of my earnings....

IF THEY SAY TRUE but according to my calculates

4hours mining made so far 8147 Satoshi They took my 3438 Satoshi it means that They took 42% of my earnings

in 1 day i will earn about 48,882 Satoshi
in 1 day they will take about 20,628 Satoshi
now x30 days

I wil learn 1466560 Satoshi
They will take 618840 Satoshi

If I´m calculate good than they wil lcharge me    3.57 USD ( with current  price) And i have 14Gh/s which is 0.26$ per Gh/s

Yes i know but I´m not telling that they put bad % or smth i just wan to tell that They charge about 30% FEE!! They had 0% pool fee Ok but charging 30% ONLY FROM GH/S BOUGHT ON WEBSITE! (if You are mining with your own hardware You don´t pay maitenenace fee)

THIS IS CLEAR SCAM! You can earn AT THE MOMENT 0.86$ and They want 0.26% Huh? THIS IS 30%!!!!

Price per Gh/s is ridicullus as well.... ( but ok this is not their foult)

Ok nvm I told that BitCoin now is like piramide.... You need to always put more and more and more and more... I´m just waiting for end when BTC will crash crash crash.. why? everything have start and end....

Born - Die
You have money - You spend Money
You have Job - you lose Job
you lie - Someone know

This is why we have so much altcoins on market it´s like our new world.... New people just born... Good People and Bad people, scammers and workers, idiots and clever people... nvm I´m just out of this stupid website....

btw on 1nd account i have about 70satoshi per block and They charge me about 15satoshi Cheesy good deal

- I paid for Gh/s
- I risk 8 cuz they have money if btc price crash)
- I need to invest all the time more and more not they.... ( they have good income accoirding to Fee and Maitenenance...)

btw

30Ph/s = 30,000 Gh/s x 3,57USD/Gh/s=107,100$ (~100K $ ) + Trade Fee

Quote
Eventually, the trading platform will move to a flexible fee system, according to which the commission will vary for each user, depending on his 30-day trading history, and will lie between 0.5% and 0.2%.
0.2 and 0.5 is big diffrence but ok let´s say 0.2%


24h volume:
75730.77550604 GH/s
with trade fee 0.2% is about 1BTC + Fee from NMC LTC ETC ETC ETC but ok let´s say 1BTC per day

30BTC per month from trade fee 30BTCx550$=16,500$

Arround 150,000 $ per month and they say that They are charging this maitenance fee even from Gh/s from refferals! i have 10Gh/s from refferals and they charge me as well..... this is stupid as hell

here You have more kinda fresh posts...

https://i.imgur.com/N9CMsgL.png
https://i.imgur.com/rEAF0Xj.png
https://i.imgur.com/FQTX9OA.png
...to get your calculations right => 30Ph/s is NOT 30,000Gh/s ,but IT IS 30,000,000Gh/s or 30,000Th/s !!!!!! Wink
ALL NETWORK is currently approx. 75Ph/s and GHash.io is taking from this more as just a "FAIR" share!
....so GET AWAY FROM THEM!!!>they are currently "TOO BIG" and that simply means "TOO DANGER" for us,for the bitcoin!!!!! Shocked
To the "MAINTENANCE" => it is also INCLUDING power cost ,so you don't must pay any others expenses as (electricity costs) ,YES?
= can be currently very VERY PRICIEST !!!! (They can have their "MINING CENTRE" somewhere where electricity is very very cheap from HUGE NATURAL RESOURCES (as on Iceland or so...) + side product HEAT Cheesy = can be used for heating...right?!!!) Cool
=>I stopped my mining mostly because of that expense Sad
...actually Don't you want to buy my USED RIGS ?? VERY VERY CHEAP Tongue !!!

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June 02, 2014, 03:06:33 AM
 #16

Well, if you don´t want to pay an mining fee go to pbmining.com
They offer 5 year contracts including all fees for a lower price.
I have an account for about 8 weeks now and all payments are coming on time.
Customer support ist quick and firendly. Setting up an account and starting to mine is done in a few hours.
Check it out on pbmining.com


Not really worth it either.

You can see the payout is based on a formulation which does eat away your pay really quick.

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June 02, 2014, 03:39:44 AM
 #17

Well, if you don´t want to pay an mining fee go to pbmining.com
They offer 5 year contracts including all fees for a lower price.
I have an account for about 8 weeks now and all payments are coming on time.
Customer support ist quick and firendly. Setting up an account and starting to mine is done in a few hours.
Check it out on pbmining.com


Not really worth it either.

You can see the payout is based on a formulation which does eat away your pay really quick.

Funny. That's called increasing difficulty. It affects Cex.IO and all mining in general, though most people buying there are clueless about it.
Anyway, I'm not suggesting you buy from pbmining since I suspect one day it will vanish.

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June 02, 2014, 06:05:05 AM
 #18

LOL.


MAITANANCE Cheesy Cheesy Cheesy

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June 02, 2014, 08:48:57 AM
 #19

people already leave cex.io long time ago
https://bitcointalk.org/index.php?topic=318349.0
especially when cex.io increase their fee

I was surprised to know there are still people who invest there
LOL.


MAITANANCE Cheesy Cheesy Cheesy
i even don't know what's the mean of it Grin

.AMEPAY.
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Ron~Popeil
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June 03, 2014, 04:51:30 AM
 #20

Except for PB mining payouts I don't do cloud mining at all. Been burned to many times.

The ghash mining pool generally works well. They seem to have better luck than most and the fees are 0% so maybe the better route is to grab an antminer or two. 

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