Cex.io

[HugoTheOne]

Hello! 

I just have a simple question. How much GH/s i want to start a good mining on Cex.io? Somebody say me, 6GH/s is good.. another say me 16 is the minimum.. help me

[ikydesu]

Mining on cex.io is not worth anymore, with big maintenance fees and mining profit is too low.
maybe use for trading ghs-btc there is better.

[newIndia]

Hello! 

I just have a simple question. How much GH/s i want to start a good mining on Cex.io? Somebody say me, 6GH/s is good.. another say me 16 is the minimum.. help me

There are lot of cheap services than Cex.io in the market.

[Coef]

Mining on cex.io is not worth anymore, with big maintenance fees and mining profit is too low.
maybe use for trading ghs-btc there is better.

+1.

1 GH/s on cex.io costs you 0.00157 btc or 0.545 USD now.
At current difficulty and btc price, you can expect to get 0.123 USD a month. After pay 0.105 USD for maintenance cost, you will get 0.018 USD a month only.

[Coef]

Hello! 

I just have a simple question. How much GH/s i want to start a good mining on Cex.io? Somebody say me, 6GH/s is good.. another say me 16 is the minimum.. help me

There are lot of cheap services than Cex.io in the market.

True, but you also need to be careful, especially for those haven't showed their mining equipment or hashrate source. Some of them are just operating as a ponzi, and will collapse one day.

[krunox123]

Most cloudming companies are ponzi scams...
Click on my signature to learn more about this.

#puppet4lyfe
#masterscub

[Kprawn]

Yea, cloud mining has become a VERY sticky subject, with most going Ponzi.

Cex.io has VERY high maintenance fees, but I like their GUI interface. If you want to make money there, you will have to trade GH's and not the mining itself.

Or you might consider the people in my signature  - They have been around, for a long time now. 

[inBitweTrust]

Hello!  

I just have a simple question. How much GH/s i want to start a good mining on Cex.io? Somebody say me, 6GH/s is good.. another say me 16 is the minimum.. help me

Do not trust answers coming from people getting paid as affiliates to promote ponzi's and fractional reserve mining companies.

You do not want to cloud mine as you will most likely lose money, and in the process centralize mining and support unethical business practices or full on ponzi schemes. So if you are lucky enough to make a small profit (unlikely) you will do so on the backs of others who are scammed.

 https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654

http://cointelegraph.com/news/112329/gavin-andresens-fractional-reserve-mining-cloud-miners-respond

To those that have affiliate signatures promoting cloud mining :

Don't you believe you have an ethical obligation to have higher levels evidence a cloud mining operation isn't a ponzi before promoting it for profit?

[Kprawn]

Gaw has shown proof of actual mining being done, not like Pbmining having shown NO proof of mining being done, and for a while nobody on this forum, wanted to hear anything bad about them. { I have spoken out on them, from the start, check my post history }

When I think a company is doing full ponzi, I will pull my support. Until then, I will support them.

Not all of us, has the capital to go full mining. {Due to different other reasons, eg. Noise / high electricity cost etc. etc} but we still want to be part of it. Cloud mining open up that part to most of us, with much lower investment.

If a company shows proof of mining, being done, we can consider investing and supporting them.  

[Furio]

Gaw has shown proof of actual mining being done, not like Pbmining having shown NO proof of mining being done, and for a while nobody on this forum, wanted to hear anything bad about them. { I have spoken out on them, from the start, check my post history }

When I think a company is doing full ponzi, I will pull my support. Until then, I will support them.

Not all of us, has the capital to go full mining. {Due to different other reasons, eg. Noise / high electricity cost etc. etc} but we still want to be part of it. Cloud mining open up that part to most of us, with much lower investment.

If a company shows proof of mining, being done, we can consider investing and supporting them.  

Everyone did with PBmining, only people wanted to take the risk

[inBitweTrust]

Gaw has shown proof of actual mining being done, not like Pbmining having shown NO proof of mining being done, and for a while nobody on this forum, wanted to hear anything bad about them. { I have spoken out on them, from the start, check my post history }

When I think a company is doing full ponzi, I will pull my support. Until then, I will support them.

Not all of us, has the capital to go full mining. {Due to different other reasons, eg. Noise / high electricity cost etc. etc} but we still want to be part of it. Cloud mining open up that part to most of us, with much lower investment.

If a company shows proof of mining, being done, we can consider investing and supporting them.  

So you are ok with the lies coming from GAW, and the fact that they are likely fractionally reserve mining when it is trivial to prove they aren't?

https://bitcointalk.org/index.php?topic=875487.0

So your ethics allow to only support partial ponzi's and not full?

Use some critical reasoning skills, if it is trivial to prove 100% hashrate backing cloud mining why isn't Gaw doing so? Doing so will certainly attract more clients.

[Kprawn]

Let's make this clear {For me, there is a difference, between a company doing cloud mining and only using ponzi money to pay out to people, thinking they are mining, when they do NO mining at all AND a company, who does mining and pay from that income to the investors}

Pbmining did NO mining and they paid everything they paid from Ponzi

[inBitweTrust]

Let's make this clear {For me, there is a difference, between a company doing cloud mining and only using ponzi money to pay out to people, thinking they are mining, when they do NO mining at all AND a company, who does mining and pay from that income to the investors}

Pbmining did NO mining and they paid everything they paid from Ponzi

Sure , there is a degree of dishonesty between the two, no one is denying that. Full Ponzi's are more dishonest and evil than partial ponzi's. Does that make fractional reserve mining (partial ponzi's ) right though?

Why does Gaw post a silly video showing one row of miners in an empty warehouse(being careful not to show other, probably non-existent rows) and spray paint the ground when they could easily just show the hashrate and freshly mined coins being generated with the blockchain?

So you are ok promoting partial ponzi's, right?

[Kprawn]

You are out, looking for a argument, and I am not in the mood for that now.

I support one of the cloud mining services out there, who provided proof of actual mining paying for the cloud mining they offer, to people like me, who cannot afford to go mining for myself.

Let's leave it at that, because we will never come to the same conclusion. 

[inBitweTrust]

You are out, looking for a argument, and I am not in the mood for that now.

I support one of the cloud mining services out there, who provided proof of actual mining paying for the cloud mining they offer, to people like me, who cannot afford to go mining for myself.

Let's leave it at that, because we will never come to the same conclusion.  

I am not looking for an argument, this isn't about me or you, but about honestly representing the services to new users. Remember, we are in the newbie section and we should go out of our way to give accurate information with Bitcoin as people are already skeptical because the FUD that is spread by the MSM.

It really is a simple question you are avoiding, and I will leave you to reflect upon the reasons which cause you to avoid openly and honestly addressing these concerns.

Are you in denial, are you credulous, or are you a charlatan that is ok profiting from affiliate revenue which comes from unethical business practices?
Where are your standards (evidential or ethical), bro?

Something to think about.

P.s... that proof you refer to is merely some evidence to account for a tiny fraction of the hash rate they supposedly have.

[SirChiko]

Buying mining power and mine yourself really isn't worth anymore if you don't plan to hold these coins and you belive that we will get way over 1k$ again.
Or want to trade it...

[oblixster]

If the mining is not going to be even close to profitable, completely impossible to ROI why are so many people defending cex.io? So they make money selling garbage -> you make money tricking beginners into thinking these GH vouchers are worth more than the overprice you already paid. Don't get me wrong, a few of you are clearly making money selling this crap but it's at the expense of beginners that clearly don't understand what they are buying. Way more people will lose (0% chance to ROI) than gain $ from Cex.io cloud mining so why promote this as being legit

Can't say I believe any of the "legit" (<- sometimes debatable labelling) cloud mining companies at the moment will ROI but they will pay back a lot more than cex.io ever will.

[inBitweTrust]

If the mining is not going to be even close to profitable, completely impossible to ROI why are so many people defending cex.io? So they make money selling garbage -> you make money tricking beginners into thinking these GH vouchers are worth more than the overprice you already paid. Don't get me wrong, a few of you are clearly making money selling this crap but it's at the expense of beginners that clearly don't understand what they are buying. Way more people will lose (0% chance to ROI) than gain $ from Cex.io cloud mining so why promote this as being legit

Can't say I believe any of the "legit" (<- sometimes debatable labelling) cloud mining companies at the moment will ROI but they will pay back a lot more than cex.io ever will.

You understand this, yet still promote likely ponzis in your sig? Did you forget you were an affiliate for hashie and gawminers? How do you rationalize these actions?

[picolo]

If the mining is not going to be even close to profitable, completely impossible to ROI why are so many people defending cex.io? So they make money selling garbage -> you make money tricking beginners into thinking these GH vouchers are worth more than the overprice you already paid. Don't get me wrong, a few of you are clearly making money selling this crap but it's at the expense of beginners that clearly don't understand what they are buying. Way more people will lose (0% chance to ROI) than gain $ from Cex.io cloud mining so why promote this as being legit

Can't say I believe any of the "legit" (<- sometimes debatable labelling) cloud mining companies at the moment will ROI but they will pay back a lot more than cex.io ever will.

They are selling dreams and people buy.

[inBitweTrust]

They We are selling dreams and people buy.

You have moral culpability as well being an affiliate promoting a likely ponzi in your sig. Disgusting.