investing in cex.io

[cloverme]

Investing in cex.io for mining is a lose/lose situation; there are those who say they've made a return by trading/selling the GHS as a commodity. However, you need to micro trade and sit on your keyboard all day moving btc and ghs around quickly. Likely not a method for most people.

Mining is a rough game at this point, cloud mining is a losing game at this point for sure.

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[BIGbangTheory]

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.

Their maintenance fees are way too high. They do not actually set the prices on their GHs, the market does, however it is very difficult to tell when the price is overvalued or when it is undervalued due to the uncertain amount of future difficulty.

[virtapayseller666]

investing in cex.io is not profitable
price of ghs is fluctuating every day

[zhinkk]

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

[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.

Their maintenance fees are way too high. They do not actually set the prices on their GHs, the market does, however it is very difficult to tell when the price is overvalued or when it is undervalued due to the uncertain amount of future difficulty.

To be honest, the difficulty will increase since ASICs are produced at a fast rate. The maintainence fee would cut your daily profit by 10-20%. Even with small difficulty increase, you are actually paying for more than what you earned. They allowed cloud mining to allow themselves to benefit as more new model of ASICs are popping up.

[ranochigo]

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

[virtapayseller666]

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

i live example of i bought ghs @ 0.0049 GHS and sold @ 0.0046

i got 0.0004 BTC in wallet from mining and got nothing now i am trading in sites and getting 0.01 btc profit daily

[ranochigo]

investing in cex.io is not profitable
price of ghs is fluctuating every day

Well I'd be more worried about what ROI you actually get with the ghs rather than the fluctuating price of it.

ROI is certainly impossible but for people who invested in it to try out, they would want to sell it very soon. If the price drops ridiculously, they won't get back the same amount of what they invested. I have seen the GH/BTC dropping a lot for the last month. Even if they exit very early, they won't be able to get back what they invested.

i live example of i bought ghs @ 0.0049 GHS and sold @ 0.0046

i got 0.0004 BTC in wallet from mining and got nothing now i am trading in sites and getting 0.01 btc profit daily

Both trading and mining does have significant amount of risk. The days needed for 1GH to earn 0.0001 is around 3-4 days. By the time, the price may have already drop a lot and you can't even be in positive profit after minusing the transaction fees.