hi there,
i bought 19.6 gh for 1 btc on cex.io 2 days ago. including what was mined in roughly 48 hours (0.012 btc) my cex.io position is now worth 0.9 btc, so i lost 0.1 btc due to the price drop of gh in the last days.
with new much faster mining technology flooding the market all the time the gh price will continue to go down i'd say. even if you reinvest all your mining earnings in gh you probably will not make a profit, unless gh price goes up or stays stable while you mine.
the cex.io price graph only goes back 30 days unfortunately, so i don't know how the gh price developed over the last months. maybe it actually went up at some point due to shortages in hardware delivery?
but hey, if you want to try it out anyway sign up via https://cex.io/r/0/meinhard/0/ and help me to cut my losses with some referral income.
i bought 19.6 gh for 1 btc on cex.io 2 days ago. including what was mined in roughly 48 hours (0.012 btc) my cex.io position is now worth 0.9 btc, so i lost 0.1 btc due to the price drop of gh in the last days.
with new much faster mining technology flooding the market all the time the gh price will continue to go down i'd say. even if you reinvest all your mining earnings in gh you probably will not make a profit, unless gh price goes up or stays stable while you mine.
the cex.io price graph only goes back 30 days unfortunately, so i don't know how the gh price developed over the last months. maybe it actually went up at some point due to shortages in hardware delivery?
but hey, if you want to try it out anyway sign up via https://cex.io/r/0/meinhard/0/ and help me to cut my losses with some referral income.