I cant understand cex.io investors

[furezasan]

I'm currently making a loss... waiting for price to go up so I can sell and at least to break even.

But it's another option than trading at exchanges and the site is a breeze to use, plus you can keep an eye on all all kind of stats about your GH/s shares vs pool speed and difficulty.

[cowandtea]

Same as how I don't understand people buying expensive usb erupters..

[kuverty]

Same as how I don't understand people buying expensive usb erupters..

I was wondering about those too. They're really expensive! No way to make a profit.

[LightningBlade]

After the bitcoin price rise too many newbie lured into the mining game without knowing a single thing about difficulty

[sneeze]

I have 13 USB Block Erupters that reached ROI and then some (electricity included). The very tiny profit was invested in CEX and profits from that got re-invested. I also pointed my miners to GHash. I'm not sure that was the best move but i keep my chin over the water level. I don't make a bunch of dollars but i never intended to either. I am on the + side and i also became a hodler a couple of hours ago.. 

Comments?

[DrG]

I have 13 USB Block Erupters that reached ROI and then some (electricity included). The very tiny profit was invested in CEX and profits from that got re-invested. I also pointed my miners to GHash. I'm not sure that was the best move but i keep my chin over the water level. I don't make a bunch of dollars but i never intended to either. I am on the + side and i also became a hodler a couple of hours ago.. 

Comments?

If you're going to say you made back your ROI (on Block Erupters no less) please specify that you made back your fiat.  No Block Erupters have been able to make back their BTC unless they were purchased second hand or stolen.  Most newbies will think that hardware is worth getting now.

I'm glad you made a profit but the reality is that had the $ been spent buying more BTC directly you would have more BTC.  That's the debate with all the mining hardware now - will you make more BTC with it over its lifetime than you would have by buying BTC outright.  Currently no hardware for sale seems to be worth buying.

Fiat ROI is only realized if it is sold and retrieved from an exchange.  At least with BTC ROI you ca have it sitting in your cold wallet.

[realitycheck]

Well - CEX.io works for me - and I'm grateful for what they offer.

To be able to buy and sell Ghs instantly offers a whole new dynamic to mining, which is a mixture of the trading exhanges and mining at the same time.

Yes - Just buying to mine will likely not make roi - but buying and selling and mining while the price is stable is an excellent way of fighting the depreciation of mining hardware.

As with everything - you make your choices, but as CEX,io is not just about mining - it would be misleading to write it off on that basis alone.

[TechByPC]

Can you imagine how boring it would be if we all thought alike. How impossible it would be to buy and sell anything if we all had exactly the same interests and desires. Profit isn't the only or the most important motivator for most people. In fact, very few people would be posting on message boards if profit was the most important motivator. Cex.IO is fun for some people, not for others. Collecting and mining with hardware is fun for some people, not for others. Making profit by buying and selling BTC is fun for some people, not for others. All of this creates a market. Most people lose money going to a casino, but that doesn't mean they are unpopular, or that some people will go with the motivation to have fun and maybe make a lot of money. Those same people will return over and over with the same motivation set. Standing outside the casino and warning people against going in because of the odds is irrelevant, and rather silly, especially when most people going in are intimately familiar with the odds. Not every play in a casino is a winner, nor is every play on Cex.IO, buy/sell of BTC, hardware preorder, stock investment, you name it. You can play armchair investment quarterback by claiming that purchasing BTC a year ago was the best investment, but if everyone had done that rather than creating the ASIC craze, then the price would not have changed as dramatically as it did.

[Frost000]

Personally, I love cex.io but it's a lot less about the mining than it is about the trading. Just like others pointed out, most of my BTC revenue from cex.io is generated from trading.

With the difficulty changes, there's plenty of BTC to be made with trading.

[DrG]

Personally, I love cex.io but it's a lot less about the mining than it is about the trading. Just like others pointed out, most of my BTC revenue from cex.io is generated from trading.

With the difficulty changes, there's plenty of BTC to be made with trading.

Well if you can double your hashing power via trading then you come out even based on current prices.  If you can do more than you made money.  Unfortunately most of us don't have that hot a hand.

[FlyForFun]

Re: I cant understand cex.io investors