CEX.IO

[mezmerizer9]

Is there anyone here with a nigher number of GH/s on CEX.IO? How much do you have and is it paying of?

[1714289592]

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[1714289592]

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[1714289592]

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[byt411]

The price on cex.io is ridiculously high, and has probably been internally pumped. Look at this chart:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The new Antminer S3 is 0.0015/GHs. You basically won't profit using cex.io.

[Gladdy]

The price on cex.io is ridiculously high, and has probably been internally pumped. Look at this chart:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The new Antminer S3 is 0.0015/GHs. You basically won't profit using cex.io.

Yes its hard to gain profit in cex but the good thing about it is you can sell your ghz any time and its instant withdraw

[DrG]

The price on cex.io is ridiculously high, and has probably been internally pumped. Look at this chart:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The new Antminer S3 is 0.0015/GHs. You basically won't profit using cex.io.

Yes its hard to gain profit in cex but the good thing about it is you can sell your ghz any time and its instant withdraw

While true, that's like saying I can sell these comic books that I bought that nobody wanted at any time.  The comic book store is buying them back for 1c after selling to me for 25c.

[byt411]

The price on cex.io is ridiculously high, and has probably been internally pumped. Look at this chart:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The new Antminer S3 is 0.0015/GHs. You basically won't profit using cex.io.

Yes its hard to gain profit in cex but the good thing about it is you can sell your ghz any time and its instant withdraw

The price of the ghs will just continue to go down, since it is a lot cheaper nowadays, so no, you won't profit. Also, the withdrawal fee is 0.001BTC.

[Mayuyu48]

Is there anyone here with a nigher number of GH/s on CEX.IO? How much do you have and is it paying of?

no one use cex.io to get profit from mining since their GHS price way too overpriced and their expensive maintenance fee will make your profit gone
and like byt411 said before, their price has probably pumped by internal people
you can buy GHS now, and will see that price drop in short time
forget cex.io if you want make profit from mining

[Zebra]

The price on cex.io is ridiculously high, and has probably been internally pumped. Look at this chart:
https://bitcoinwisdom.com/markets/cexio/ghsbtc

The new Antminer S3 is 0.0015/GHs. You basically won't profit using cex.io.

Not only their hashrate price is ridiculously high, so as their maintenance fee at $0.26 per month per GHS.

[mezmerizer9]

So there is no use of using CEX.IO? Are there any alternatives? 

[Mayuyu48]

So there is no use of using CEX.IO? Are there any alternatives? 

you can lurk around here - https://bitcointalk.org/index.php?board=84.0
many users offer their cloud mining services there
choose the best one and most transparent cloud mining

[byt411]

So there is no use of using CEX.IO? Are there any alternatives? 

Try PBMining, it's at a more reasonable price and you can actually profit with it.

[validium]

So there is no use of using CEX.IO? Are there any alternatives? 

Pbmining is cheaper compared to cex.io and maybe you can earn some profit, but the downside is that they lock you to a 5 year mining contract

[notlist3d]

So there is no use of using CEX.IO? Are there any alternatives? 

Pbmining is cheaper compared to cex.io and maybe you can earn some profit, but the downside is that they lock you to a 5 year mining contract

If you look at hash rates and hardware 5 years is a lot of time in mining world.  I would not commit for 5 years.

[Zyborg]

So there is no use of using CEX.IO? Are there any alternatives? 

The most viable alternative is not using cloud mining at all to be honest, it's just too uncertain. Even though PBmining seems good and serious 5 years is a too long time span to be investing, at least imo. For all we know they're gone before 2015.

[C.Steven]

So there is no use of using CEX.IO? Are there any alternatives? 

The most viable alternative is not using cloud mining at all to be honest, it's just too uncertain. Even though PBmining seems good and serious 5 years is a too long time span to be investing, at least imo. For all we know they're gone before 2015.

Pretty much so.

Bitcoin mining is needed to put unconfirmed transaction into the blockchain, but as a bitcoiner you don't necessarily need to be a miner yourself, especially when there is little profit but huge risk in the mining industry.

[deadwood]

cex.io has a huge maintenance fee, which eats up like 40% of the mining revenue per GHs. I guess it makes sense for it to be fixed, as electricity and hosting prices do not vary with difficulty, but that's a lot of lost revenue.

There are other options in cloud scrypt mining, which seem to be better at the moment - to me anyway. 

[ejinte]

Here is another ongoing discussion about cex.io: https://bitcointalk.org/index.php?topic=609411.new#new

[C.Steven]

The good things about cex.io are that:
1. You can sell your hashrate at anytime
2. We do know that cex and ghash actually have the mining power they claim to have

The bad things are:
1. Very high hashrate price
2. Very high maintenance fee

[lynn_402]

Before dealing with them, please consider the fact that CEX.io is affiliated with Ghash.io, Bitcoin's biggest mining pool.
By buying gh/s from Cex, you contribute to the centralization of Bitcoin mining.