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Author Topic: I want to join cex.io now, what do you think ?  (Read 1240 times)
Fakhoury
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July 31, 2014, 02:21:04 AM
 #1

Hello,

I want to take a SERIOUS step and I'm looking towards "cloud mining"

I don't want to go with pbmining as I don't want to have that 5-years contract.

The question is, is cex.io a good move, will I ever ROI my investment ?

I will put all my money I've as daily income into buying GH/s.

Kindly note that I'm still amateur or semi-professional in the mining matters, so kindly bare with me.

Thank you.

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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July 31, 2014, 02:27:43 AM
 #2

Check out my sig.  People have done the calculations and if the next difficulty adjustment is not too big then you'll profit.  You don't want to join Ghash or CEX they're too big and something bad is up with them IMHO.  With lunamine the fees are all laid out and they don't make unreasonable promises like pbminer.
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July 31, 2014, 03:36:05 AM
 #3

Cloudmining is a great way to lose money.

If I own a bunch of hardware, why would I rent it to you for less than I could earn mining for myself?
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July 31, 2014, 03:51:03 AM
 #4

Fakhoury - are you trolling or legitimately asking if this is a good idea?  Every person on this forum would tell you a resounding NO to your plan.

If you don't understand why please spend 30 min to 1 hour of your time and read the threads about cloud mining, Cex in particular.  All you are doing is giving cloud mining companies more money to centralize the network - it hurts Bitcoin and you lose money to a company.
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July 31, 2014, 08:27:30 AM
 #5

Hello,

I want to take a SERIOUS step and I'm looking towards "cloud mining"

I don't want to go with pbmining as I don't want to have that 5-years contract.

The question is, is cex.io a good move, will I ever ROI my investment ?

I will put all my money I've as daily income into buying GH/s.

Kindly note that I'm still amateur or semi-professional in the mining matters, so kindly bare with me.

Thank you.

You need to consider their fee for maintenance per GHS as well. If you buy a lot of GHS that fee really hurts.
Fakhoury
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July 31, 2014, 12:35:04 PM
 #6

It seems the majority here is saying NO.

Well, the queation now is, what about buying miners ?

Will this be non-profitable also ?

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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July 31, 2014, 12:41:26 PM
 #7

It seems the majority here is saying NO.

Well, the queation now is, what about buying miners ?

Will this be non-profitable also ?

Possibly.  For that nobody is able to say with certainty unlike cloud mining.  Pretty much the only miner that end users could make a profit on currently seems to be the S3 by Bitmain. They make good hardware, they ship more or less on time, and have decent support.  If you have free power and don't mind the noise and heat you could try.  You might make a little loss, might be a little profit.  Don't expect too much unless you buy 100s.
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July 31, 2014, 02:53:44 PM
 #8

@Fakhoury

Just buy BTC's now at this sub $600 pricetag, and hold for the long haul.

You get the Bitcoins right away, you get to see the price grow before your very own eyes, you don't have to mess with ROI calculators, waiting for cloud mining that will never in reality or theory ROI, or physical miners that require lots of babysitting, cooling, care and attention.

Think of it as CD or investment, don't mess with mining at all right now, too difficult to get started.


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July 31, 2014, 07:14:52 PM
 #9

Hello,

I want to take a SERIOUS step and I'm looking towards "cloud mining"

I don't want to go with pbmining as I don't want to have that 5-years contract.

The question is, is cex.io a good move, will I ever ROI my investment ?

I will put all my money I've as daily income into buying GH/s.

Kindly note that I'm still amateur or semi-professional in the mining matters, so kindly bare with me.

Thank you.

Check some reviews on: https://cloudmining.guru


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July 31, 2014, 07:18:13 PM
 #10

I think you are crazy to consider investing in cloud mining.
DrG
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August 01, 2014, 05:41:00 AM
 #11

Hello,

I want to take a SERIOUS step and I'm looking towards "cloud mining"

I don't want to go with pbmining as I don't want to have that 5-years contract.

The question is, is cex.io a good move, will I ever ROI my investment ?

I will put all my money I've as daily income into buying GH/s.

Kindly note that I'm still amateur or semi-professional in the mining matters, so kindly bare with me.

Thank you.

Check some reviews on: https://cloudmining.guru

None of those reviews can help you once the cloud mining company has filed for bankruptcy or even worse if they skip town.  While the same can be said for buying miners - we have learned now through the BFL saga to say no to preorders.  A miner, once it's in your hand, is a done deal except for the possibility of needing an RMA.  Cloud mining requires trust in the company for the entire length of the contract.
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August 03, 2014, 03:38:48 AM
 #12

Sometimes I get the feeling that these cloud mining companies are either pyramid or ponzi type scams.

BTC: 1GENERALrtBAjEv2Ps5cmEW1FADnXh1bCZ
Bitsaurus
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August 03, 2014, 06:33:07 AM
 #13

Sometimes I get the feeling that these cloud mining companies are either pyramid or ponzi type scams.

That's because they get all their money up front and if they skipped town it would the end user who would have to chase them.  I wold invest in cloud if it allowed monthly payments that decayed over time commiserate with the weakening hash power.

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August 04, 2014, 03:54:26 AM
Last edit: August 04, 2014, 04:16:13 AM by Jamacn
 #14

CEX is looked more and more powerful day and day, do it now
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