investing in cex.io

[waterpile]

Hi, I'm about to invest in there can you guys give me a little tips?
1) what are your experiences with their services
2)how much does 1ghs produce in a day
3) should i buy now or just wait for a couple of days?

thanks and have a nice day

[KimNam]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

[waterpile]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

yup, i've done some reading but i want to know more about it

[pumawolf]

dont sit on ur hashes only trade, if u do decide to sit  be ready to dump any given moment. the hashes are so expensive u will never be able to catch up to it  even if  we get  breaks in difficulty changes.

[zhinkk]

Hi, I'm about to invest in there can you guys give me a little tips?
1) what are your experiences with their services
2)how much does 1ghs produce in a day
3) should i buy now or just wait for a couple of days?

thanks and have a nice day

If you want to experiment, experiment very little. I do not think you will be very profitable there and will most likely just end up losing bitcoins.

[zhinkk]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now 
you can try to invest in LUNAMINE

Or PBmining, I've been seeing a lot of hype around that lately. I haven't personally tried any of these cloud mining services.

[ranochigo]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now 
you can try to invest in LUNAMINE

Or PBmining, I've been seeing a lot of hype around that lately. I haven't personally tried any of these cloud mining services.

I haven't really see proof of their mining hardware, haven't checked for a long time. Cloud mining services typically wouldn't ROI, if not why don't they mine for themselves. The difficulty can and will increase quite fast, minimizing your profits.

[KimNam]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now 
you can try to invest in LUNAMINE

lunamine.com Mining Contracts || 0.0025 BTC / GHs || Highest ROI & Fast Support

i don't like mining contract
since we can't predict the difficulty in the future
who knows in 3 month later, 100 GHS will not worth anymore for mining

[Golph]

Dont invest in cex.io if you use some simple calculator you will quickly find out that you won't ROI with it.

[jjc326]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now 
you can try to invest in LUNAMINE

lunamine.com Mining Contracts || 0.0025 BTC / GHs || Highest ROI & Fast Support

i don't like mining contract
since we can't predict the difficulty in the future
who knows in 3 month later, 100 GHS will not worth anymore for mining

Yes, lunamine can be a risk but with cex.io you basically KNOW you won't profit.  So, better to have a shot at being profitable then no shot with cex.

[KimNam]

1) bad experience their GHS is way overpriced, and they maintenance fee is horrible
2) per Day   0.00002901 BTC   $0.02
minus their maintenance fee (just googling about it)
you will get lesser
3) Do no buy there, just keep your bitcoin in your wallet is wise decision

just googling some thread about cex.io experience in BTT

cex.io is very expensive now 
you can try to invest in LUNAMINE

lunamine.com Mining Contracts || 0.0025 BTC / GHs || Highest ROI & Fast Support

i don't like mining contract
since we can't predict the difficulty in the future
who knows in 3 month later, 100 GHS will not worth anymore for mining

Yes, lunamine can be a risk but with cex.io you basically KNOW you won't profit.  So, better to have a shot at being profitable then no shot with cex.

yeah only dumb people invest there if they know the truth that they won't ROI in cex.io
but i won't take a risk too to invest in lunamine, double risks here :
Risk that we won't make ROI and risk about they run after some time

[EvilPanda]

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

[zhinkk]

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

Is it just me or does that site look horrendous? Maybe it's having issues right now, but that's not a properly designed website... I'd be willing to setup bootstrap for free/very cheap if the website owner wants.

[FeodoroAndy]

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

[ranochigo]

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

[bitgeek]

CEX is really expensive, so think twice.
You can find some similar sites on https://cloudmining.guru/ with detailed reviews.

Is it just me or does that site look horrendous? Maybe it's having issues right now, but that's not a properly designed website... I'd be willing to setup bootstrap for free/very cheap if the website owner wants.

Looks good on my screen. Maybe they were doing an update.

[neil_duple1]

From my personal experience, you can turn a profit but it takes ALOT of hard work that wont be worth it.
I recently pulled out of cex.io and am looking to invest somewhere else

[zhinkk]

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

I'd agree in terms of tradng gh/s and stuff. But lunamining seems like it could potentally ROI... that is if they stay alive long enough.

[ranochigo]

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

I'd agree in terms of tradng gh/s and stuff. But lunamining seems like it could potentally ROI... that is if they stay alive long enough.

Provided that difficulty increase rate stays the same, it would be possible to ROI. Given that a lot of ASICs are being shipped, I would expect a 20% increase if bitcoin gains attention and more miners join. The fact that they actually sells mining contract rather than keeping them means that they realise there are a significant amount of risk in this investment therefore selling them and migrating the risk.

[DrG]

Is that just me, but investing in cloud mining is dead, unless you are hosting and selling those gh/s by yourself ?

Not only you. It is either they charge the price of the GH too high or the maintainence fees too high. There isn't any reason for them to sell GH if they can actually mine themselves and profit.

The bolded part is true, but say they make 5BTC for every 100GHash they own over the reasonable lifetime of their miner.  If they can sell that 100GH/s for 7 or 8BTC then they have a guaranteed profit of 2-3BTC for every 100GH/s.  Then they just need to keep the farms powered to live up to their end of the bargain.  The end user might make a profit is difficulty drops, but the end user has certainly handed their profit over to the cloud mining company when they "overpaid" the extra 2-3BTC.

This is basically why small miners are squeezed out - the can't get the deals the million dollar companies are getting.