Quote from: turtle83 on January 19, 2014, 08:16:15 AM

Quote from: wwwin on January 19, 2014, 08:00:44 AM

Quote from: turtle83 on January 15, 2014, 06:03:06 AM

Quote from: Foysal on January 15, 2014, 01:14:36 AM

for me it is the single reason for staying with cexio and that's the equipment being maintained by them, buying equipment is very expensive now and you don't see an ROI for a long time, by which time the difficulty is always increasing.

I dont understand on what basis do people buy GH/s on cex.io. 1 GH/s bought today at cex.io will make a total of ~0.01 BTC in its lifetime (assuming 30% difficulty jumps) and from mid may will actually start costing more in maintenance fee than it would mine.

For the same reason that people buy antminers etc etc is about the same amount per GHS

Are you telling me 0.012 is "about the same amount" as 0.046 ?

In fact even the current antminer price is also way expensive in ROI terms...

You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.
Cheesy