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Question: Any advice please i am currently mining on ghash.io with an s1 ..would you sell the parts of bitcoins for more g/hash power on cex.io or just keep what i mine or trade ..sorry if this is a thick question just setting out and new to all this
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doccy
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September 01, 2014, 07:24:25 PM
 #1

Any advice please i am currently mining on ghash.io with an s1 ..would you sell the parts of bitcoins for more g/hash power on cex.io or just keep what i mine or trade ..sorry if this is a thick question just setting out and new to all this Cheesy
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September 01, 2014, 07:31:48 PM
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Any advice please i am currently mining on ghash.io with an s1 ..would you sell the parts of bitcoins for more g/hash power on cex.io or just keep what i mine or trade ..sorry if this is a thick question just setting out and new to all this Cheesy

You would probably be better off to keep what you mine. The fees there make it really tough to break even. You can make some money if you are skilled at trading in their market.

And welcome to the forum by the way.

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September 01, 2014, 07:36:06 PM
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Thanks  Smiley would you recommend mining somewhere else (or are they ok for that )
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September 01, 2014, 10:13:07 PM
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Thanks  Smiley would you recommend mining somewhere else (or are they ok for that )

People have been complaining that they're not getting the earnings that they're supposed to get from their pool - but then again people make that accusation on every pool.

I would definitely void buying cloud mining and if you feel the pool is treating you well continue, otherwise there are many other good pools.

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September 02, 2014, 10:30:17 PM
 #5

doc g 's advice is pretty good.

what I would do is buy 1 and only 1 cloud gh cost you about .0038 btc or under 1.80 usd at current prices.  leave it sit for a week and study what it does.  you need to learn the ins and outs of cex.io to have any chance of success.  and you need to be able to buy low and sell high to make money in the cex.io side of the company.  you can not make money buying hashes and mining.  other then btc goes from 480 usd to 4000 usd.   Since you already have the money in btc do not convert it to hashes.

Do you have a place to sell btc for usd.  coinbase is the standard company for that.  do you have your very own btc address?   both cex/ghash and coinbase addresses do not belong to you.

I used the company  below to make a wallet

 https://blockchain.info/wallet

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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