CEX.IO Suspends Cloud Mining.............

[Dilemma]

bitcoin prize is near 300 dolar
so cex can start mining again
we wait news from them..

[SimplisticStu]

bitcoin prize is near 300 dolar
so cex can start mining again
we wait news from them..

I don't think they will open up mining again on the "verge" of profit, I think they will wait until it's well in the green before they resume.
But with the high volitility of BTC it may drop back into the red again shortly after.

[Dilemma]

bitcoin prize is near 300 dolar
so cex can start mining again
we wait news from them..

I don't think they will open up mining again on the "verge" of profit, I think they will wait until it's well in the green before they resume.
But with the high volitility of BTC it may drop back into the red again shortly after.

Hashnest just announcement that they will start mining again
maybe cex will be do same ..

[picolo]

bitcoin prize is near 300 dolar
so cex can start mining again
we wait news from them..

I don't think they will open up mining again on the "verge" of profit, I think they will wait until it's well in the green before they resume.
But with the high volitility of BTC it may drop back into the red again shortly after.

Maybe if we stay higher than 350$ for a few weeks, they will resume mining.

[Kprawn]

Well my Ghs is gathering "dust" and I got absolutely "zero" from it. 

Atleast now, I do not have to deal with negative growth on one of my investments. It was scary to see, me having to owe them for something I invested in. {Those maintenance fee's got out of control } 

[picolo]

Well my Ghs is gathering "dust" and I got absolutely "zero" from it. 

Atleast now, I do not have to deal with negative growth on one of my investments. It was scary to see, me having to owe them for something I invested in. {Those maintenance fee's got out of control } 

They probably need a btc at 320$ to break even with the maintenance costs. Why don't you sell your GHS now?

[Kprawn]

Who would want to buy it, with all the rumours going around that ALL cloud mining are Ponzi's and the possibility that cloud mining will be stopped?

I was hoping for it to start again, and to see if the price would increase, and then dump it on a high, to make up for my loss margin.

If the price for some reason go to the Moon... I will cash out, and be done with Cloud mining for good.

[tokeweed]

There was an article on Coin Desk that mining could resume when BTC is around 320...  BTC is almost there.  Would it be a good time to start accumulating GHS?  It's been really stable lately. 

[Berau]

Cex.io's cloud mining service wasn't profitable anyways, and cloud mining is just scam. I don't see bad news in this.

[tokeweed]

Cex.io's cloud mining service wasn't profitable anyways, and cloud mining is just scam. I don't see bad news in this.

But what if GHS/BTC starts trending up and then CEX starts mining again.  There's profit in there.

[Berau]

Cex.io's cloud mining service wasn't profitable anyways, and cloud mining is just scam. I don't see bad news in this.

But what if GHS/BTC starts trending up and then CEX starts mining again.  There's profit in there.

I've done a few trades with GH/S and BTC on CEX, and I was lucky to get a bit of a profit. The market is generally very dynamic and one day it's low the next hour it's going up again. And I thought it wasn't about the ghs/btc trading price, it was about cex not making the profit they wanted out of this.

[tokeweed]

That could be it.  But still...  There's profit to be made if say BTC rises to 500 (hopeful), and that you accumulated 10BTC worth of GHS at these prices.  And then it starts trending up.

It wouldn't be a bad trade really.  Although GHS/BTC seems stable now, I'm still waiting (more like scared) in the sidelines.  I might start picking up some when it starts trending above .00080.  It could be a start of an uptrend.

[Somekindabitcoin]

First off, why even buy cloud mining from them right now? It is worthless.

Second of all, extremely high prices nowadays for their GH.

[tokeweed]

First off, why even buy cloud mining from them right now? It is worthless.

Second of all, extremely high prices nowadays for their GH.

How much does it really cost per GH?  Because this makes me wonder how MN (Mining Consolidated Shares) is sold at Cryptsy at .0074 (right now) per 1.167 GH and it's trending up.

So I am debating (in my mind lol) that GHS/BTC at CEX could be a good investment if:

1.  They start mining again.

2.  Starts trending up.

[tokeweed]

Found the Coin Desk article I mentioned earlier.

The company stated in a 12th January blog post that it is no longer profitable, blaming declining revenues amid a dropping bitcoin price. CEX chief information officer Jeffrey Smith told CoinDesk that operations would resume if the price of bitcoin climbs above $320...

http://www.coindesk.com/cex-io-halts-cloud-mining-service-due-low-bitcoin-price/

[SimplisticStu]

Interesting, I would still be wary of high maintenance fee's if/when mining resumes as this was the reason a lot of people sold their GH/s on the site.

[tokeweed]

Interesting, I would still be wary of high maintenance fee's if/when mining resumes as this was the reason a lot of people sold their GH/s on the site.

Hopefully they've learned their lesson.

[pingg]

I suppose we need to wait until they restore it

[Plento]

I had a few GH/s invested at Cex... I cut my losses.  Fortunately didn't lose big, but it felt bad at the time.
Between Cex & SatoshiDice share investments, I've had my (un)fair share of hard lessons.

[misteagle]

I cannot remember anyone making profit with cloud so far.

I hate cloud mining.

Thank God. Cloud mining is history.

 

Yeap, I'm not a great fan either