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bloggersjoy (OP)
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October 16, 2014, 08:06:36 AM |
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Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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SuniX
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October 16, 2014, 08:34:06 AM |
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If you can combine trading with mining rewards like on CEX with their GHS, then that can be profitable. I did an exercise and noted the outcomes in this thread https://bitcointalk.org/index.php?topic=805526.0They way I currently view it is the mining rewards are a small part of the overall reward, the buying and selling of GHS providing the main potential profit. It works for me, might not be for everyone. The days of just buying a cloud contract and sitting back watching the BTC roll in to ROI are gone (if they ever were there in the first place). |
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BitcoinHeroes
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October 16, 2014, 01:29:52 PM |
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Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
You won't get any profit from buying hash in cex.io. Because their hash is overpriced and bitcoin difficulty is increasing too fast... |
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Snipe85
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Infleum
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October 16, 2014, 06:47:21 PM |
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CEX is not a good option if you want to mine, there are better contracts, but if you like trading it may be worth it.  |
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jonnybravo0311
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Mine at Jonny's Pool
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October 16, 2014, 07:54:52 PM |
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Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
You might have heard it right, but whoever said it was very wrong. There are a ton of threads comparing and contrasting cloud mining services. CEX consistently comes out as the most expensive, least value for your investment. You need to realize that to earn a steady income mining means constantly reinvesting in new hardware (or purchasing more GH/s in cloud mining) to maintain your income level. The two biggest factors involved are changing difficulty in mining the coins and value of BTC to fiat. If you look at historical charts, you can see that the difficulty has been growing at a very fast rate, yet the price of BTC has not moved very much at all. So, looking at numbers, as of right now BTC is just about $375. This falls into your income range. To mine 1 BTC a month means you need to have 2.32TH/s of hashing power. Again, this is based on numbers right now, and absolutely will change. In fact, in about 6.5 days from now, the difficulty will change. During this time, the value of BTC may also change. I definitely suggest you take a look at some of the cloud mining posts and do some more research into whether or not mining is going to be a worthwhile investment for you. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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notlist3d
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October 16, 2014, 08:34:32 PM |
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Hardware is a better option depending on your electricity price and if you have no vat.
If you have to do could I would look into hashnest. But i far prefer having equipment myself.
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goozman96
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October 17, 2014, 03:14:06 AM |
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Gawminer also offers cloud hashing (see link in sig) and they may be worth looking at too, in order to make an informed decision.
Good luck.
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BTC: 19DKtsdGfQyFzNiEze9KuFQrWGiLDvg6F1 | LTC: LbV6UGyjYbVP49NvQFmuAnkADcaFYvNagK | NMC: NDCdMJmTmGH54Cezmo3CwSxAC7grAoZJbj
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Ilan123
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October 18, 2014, 11:25:00 PM |
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Another good option is LTCgear (See the review link in my signature) they offer qASIC shares and have a 1 year anniversary discount on at the moment which gets you 48% off the list price plus an extra 8% off if you pay with BTC, I just received my fourth payment from them and I have been really happy so far with the results. You can expect to ROI in about 5 - 6 weeks at the moment, but as with any mining purchase you should really do your homework before making a purchase decision as there will always be an element of risk.
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junglecat
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October 19, 2014, 10:57:38 PM |
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CEX.IO GH is good if you are mining there and want to hedge your electricity between future hardware purchases (I like Bitmain). If not, you can find a cheaper price per GH somewhere else. Personally, I would never buy GH that I couldn't trade or from somewhere with low buy volume. I always like to be in a position to dump my cloud assets.  |
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Hazir
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★Nitrogensports.eu★
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October 20, 2014, 02:42:27 AM |
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Gawminer also offers cloud hashing (see link in sig) and they may be worth looking at too, in order to make an informed decision.
Good luck.
I am with GAW too. They are currently the best in my opinion. Their platform is stable and I do not worry that they will disappear over night like some other less known companies did in the past. |
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BTCish
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October 20, 2014, 05:56:46 AM |
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IS there any ROi with cloud possible ?
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Klubknuckle
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October 20, 2014, 01:00:38 PM |
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IS there any ROi with cloud possible ?
So far I heard is LTCgear, but still beware... |
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ajw7989
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October 20, 2014, 01:06:07 PM |
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IS there any ROi with cloud possible ?
So far I heard is LTCgear, but still beware... LTCgear has the best ROI potential. A lot of people have reach ROI but who knows how legit they are. I bit the bullet and bought in last week. Received my first payment without a hitch. Other cloud mining companies have a much harder time to reach ROI this includes cex, pbmining, scrypt.cc, gawminers, etc. If I had to pick another company to put my money into (which I have) it would be either Gawminers or pbmining. Pbmining is probably just as risky as ltcgear (maybe slightly less due to more realistic payouts). gawminers hashlets have been good but the payouts are consistently decreasing making it a very bad time to invest now. A lot of people over there are praying the hype they have been saying will be followed through. |
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ScryptAsic
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October 20, 2014, 01:41:10 PM |
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IS there any ROi with cloud possible ?
So far I heard is LTCgear, but still beware... LTCgear has the best ROI potential. A lot of people have reach ROI but who knows how legit they are. I bit the bullet and bought in last week. Received my first payment without a hitch. Other cloud mining companies have a much harder time to reach ROI this includes cex, pbmining, scrypt.cc, gawminers, etc. If I had to pick another company to put my money into (which I have) it would be either Gawminers or pbmining. Pbmining is probably just as risky as ltcgear (maybe slightly less due to more realistic payouts). gawminers hashlets have been good but the payouts are consistently decreasing making it a very bad time to invest now. A lot of people over there are praying the hype they have been saying will be followed through. Nice explanation, this basically sum all up. I myself is still hesitating to buy LTCgear or not. |
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Nerazzura
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October 20, 2014, 02:23:31 PM |
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Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
Cloud Bitcoin Mining or less that bitcoin mining online without having to twist the tool miners were indeed expensive, we can hire that many miners tools provided by various websites eg x.io C * or CEX, c * x.io is a provider of Cloud Bitcoin Mining the most popular and is very commonly used by bitcoiners. |
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junglecat
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October 20, 2014, 03:23:47 PM |
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IS there any ROi with cloud possible ?
Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware. |
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Snipe85
Sr. Member
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Activity: 756
Merit: 250
Infleum
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October 21, 2014, 12:23:45 AM |
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IS there any ROi with cloud possible ?
Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware. Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again |
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thew3apon
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October 21, 2014, 12:54:14 AM |
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Hello Everyone,
I have heard that CEX is a best platform for cloud mining. Have I heard it right?
I want to earn steady income of $300-$400 per month. How many GHS should I purchase? Currently which cryptocurrency is best from mining point of view. Please share your ideas and experiences.
Thank You
CEX is not the best, just the safest as they have been around really long... |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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October 21, 2014, 01:18:05 AM |
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IS there any ROi with cloud possible ?
Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware. Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again Can you show some math behind this? I cant think of any cloud services that ROI in 3 months is normal. |
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Kimowa
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October 21, 2014, 02:04:34 AM |
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IS there any ROi with cloud possible ?
Try cloud GH's that charge no more than a 30% maintenance fee (equivalent to 0.12 kWh) and hold on for 365 days and you will ROI. If you want a quick ROI then buy your own hardware. Not really. You don't have to look far to find people who got ROI after 3 months of cloud mining. But it already happened, and may not happen again Can you show some math behind this? I cant think of any cloud services that ROI in 3 months is normal. Right now, many people claim that LTCGear ROI in 2 months. But I won't want to risk my money.. |
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