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picolo
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January 12, 2015, 10:03:03 PM |
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Here's the news from CEX.IO blog: http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/They are blaming the BTC price drop & difficulty increase "as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed". - No date given, do not hold your breath. This is bad news for the BTC community. They stopped cloud mining but you still can buy or sell GHS at 0.007? You buy in hope of future profits? |
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SimplisticStu (OP)
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January 12, 2015, 10:12:17 PM |
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Here's the news from CEX.IO blog: http://blog.cex.io/cryptonews/cex-io-temporarily-suspends-cloud-mining-services/They are blaming the BTC price drop & difficulty increase "as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed". - No date given, do not hold your breath. This is bad news for the BTC community. They stopped cloud mining but you still can buy or sell GHS at 0.007? You buy in hope of future profits? I think that's what some people will do and hold out hope that they get everything back up and running. Or one of the options cex.io gave is to solo mine existing gh/s so maybe people are buying them up and doing just that |
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tzortz
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January 12, 2015, 10:27:07 PM |
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I cannot remember anyone making profit with cloud so far. I hate cloud mining. Thank God. Cloud mining is history.  |
All is Mine!
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Punk2000
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January 12, 2015, 10:31:08 PM |
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I suppose we need to wait until they restore it...
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Stargazer
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January 12, 2015, 10:41:56 PM |
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I suppose we need to wait until they restore it...
If they really suspended because it's unprofitable you'll have to wait until bitcoin gains value and this might never happen. Some cloud minings closed when bitcoin fell to $350. It wasn't profitable back then so it can't be now. |
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odolvlobo
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January 12, 2015, 11:17:56 PM |
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This is bad news for the BTC community.
This is good news because cex.io shares are now valued appropriately. Before this move, anyone buying them was a sucker. Why were people paying 1 mBTC per GH/s for negative income? I don't know, but cex.io has done them a favor because zero is better than a loss. |
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damiano
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103 days, 21 hours and 10 minutes.
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January 12, 2015, 11:24:22 PM |
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How big was the clouding mining farm / hash rate?
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Bit_Happy
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January 12, 2015, 11:36:47 PM |
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How big was the clouding mining farm / hash rate?
If my memory is correct, cex.io was running the network/pool that had almost 50% of the entire Bitcoin network, just last year. |
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Velkro
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January 12, 2015, 11:36:59 PM |
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And what happened to the people who bought the Cloud mining service and their contract is still ON . they will get refunded or something? Probably nothing will happen, they will pause and resume client mining when difficulty will be even higher ; /. Sounds like scam. |
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sorryforthat
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January 12, 2015, 11:49:28 PM |
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How big was the clouding mining farm / hash rate?
If my memory is correct, cex.io was running the network/pool that had almost 50% of the entire Bitcoin network, just last year. You are correct, but they stated that they had no intention of an attack as this would impede on business and even if I recall allocated some has to other pools. |
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tzortz
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January 13, 2015, 12:03:46 AM |
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How big was the clouding mining farm / hash rate?
If my memory is correct, cex.io was running the network/pool that had almost 50% of the entire Bitcoin network, just last year. I think it was around 10 Ph/s. Correct me if wrong. |
All is Mine!
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malumeze86
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January 13, 2015, 12:27:30 AM |
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How big was the clouding mining farm / hash rate?
If my memory is correct, cex.io was running the network/pool that had almost 50% of the entire Bitcoin network, just last year. I think it was around 10 Ph/s. Correct me if wrong. Have they stopped mining? All I've heard is that they paused mining contracts. No more payouts, but no fees either. People still own the Gh/s but are no longer suffering a loss. Curious to see if they keep mining in the coming days/weeks. |
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kasman5
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January 13, 2015, 12:38:53 AM |
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Only good news IMO.
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Trade bitcoin futures contracts with high leverage  Click Here (https://www.bitmex.com/register/n1ifPv) |
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tss
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January 13, 2015, 12:45:23 AM |
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cloud mining (ALL OF IT) has always been a ponzi.
No equipment, no mining, just promises of forever payouts.
things can't sustain when demand drops and overall price is not rising.
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picolo
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January 13, 2015, 11:09:38 AM |
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cloud mining (ALL OF IT) has always been a ponzi.
No equipment, no mining, just promises of forever payouts.
things can't sustain when demand drops and overall price is not rising.
cex.io and many cloud mining companies proove they have the equipement! |
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mayax
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January 13, 2015, 12:28:52 PM |
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one thing is sure. the price will FALL a lot in the next days.
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picolo
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January 13, 2015, 12:58:39 PM |
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one thing is sure. the price will FALL a lot in the next days.
The difficulty may go down so the revenue of current miners that are connected will go up. |
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mayax
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January 14, 2015, 12:37:43 AM |
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cloud mining (ALL OF IT) has always been a ponzi.
No equipment, no mining, just promises of forever payouts.
things can't sustain when demand drops and overall price is not rising.
cex.io and many cloud mining companies proove they have the equipement! correct but it is necessary new equipment+ electricity bill(which is huge) and you need money for that. without profit, no money. no money? no hardware and no mining |
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laxsmarts
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January 14, 2015, 01:08:29 AM |
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yeah cex.io had 10ph's they are still running. if you go to cex.io/redeem you can see for your self. you can buy over there but the ghs are freaking worthless no matter how many you buy. in one month they went from .0015 to .00055 last night they where at .00041 cloud mining sucks and its all just a scam. buy miners in hand from amazon no where else! thets my advice
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picolo
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January 14, 2015, 08:47:58 AM |
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yeah cex.io had 10ph's they are still running. if you go to cex.io/redeem you can see for your self. you can buy over there but the ghs are freaking worthless no matter how many you buy. in one month they went from .0015 to .00055 last night they where at .00041 cloud mining sucks and its all just a scam. buy miners in hand from amazon no where else! thets my advice
So you buy at 0.0005 and they don't mine!? Can you get back the equipement? |
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