Why are u posting these kinda crap ? What cloud mining ?
What are you talking about ?
Oh ... u just posted to raise your post count ... didnt you ?
Hello Rammy. As you may remember Cex.IO stopped their cloud mining operations on January and they stated they would focus on the exchange part of the service. Since then, the volume of BTC<-->USD have decreased, and the picture of the current situation is what I showed in the other post: the Market Deepth graph you can see in their webpage. A sane exchange have equilibrated demand and offer, or in terms of that graph, both halves should be similar (as it was some months ago in cex.io). But right now they have 10 times more offer of BTC than demand. In other words: if right now all the BTC owners would want to sell them, they would receive less than $35 on average. This may indicate that bitcoin buyers have lost the trust in the exchange, in the BTC or in both.
I am a user of Cex and I wouldn’t like to see them disappear (yesterday I exchanged $50, p.e.). But they are facing several problems these days that may compromise their business:
- Cloud mining is interrupted
- GHash.IO pool is losing its slice of the pie of the hashrate (less fees due to miners exchanging)
- The exchange is reducing its volume (less fees they can charge)
Is it more clear to you now? I took my time yesterday to make the image I posted and I’m taking my time to answer you. Do you really think I am posting to increase my rate? And please, save to yourself stuff as calling me clown.
Happy mining, trading or wathever you do
