As promised the end of Feb update :
I see a closing price of 0.0236BTC/GHs, which ran far below my expectations, anyway turns out a purely mining January 2014 GHs holder would now be seriously out of luck and best off realizing losses & quit ASAP.
As expected, losses now begin to cumulate into serious figures, additionally helped by cex.io maintenance fee now exceeding a whopping 10% (as of today it's at an insulting 12.27%).
No 0% pool fee or merged mining NMC/IXC/DVC breadcrumbs help that, these features have become meaningless and dwarfed by a small fraction of the maintenance fee already.
In other words : if cex.io was your ordinary car - you'd ditch it ASAP and get one that doesn't run up such terrible maintenance bills.
Losses caused by cex mining since Jan 2014 have now reached 30%, which is optimistic (still based on the original, far lower maintenance fee of ~3%).
The additional losses (total net worth of investment) are entirely contributed to the fallen BTC valuation, which is one of the risks every BTC owner takes on.
At this point already it doesn't make sense anymore to continue observing the reality @ cex.io vs. my calculations and derived predictions, as the losses programmed into cex.io mining are non-recoverable in the original scenario *. Besides, the profitability outlook there looks absolutely absymal at this point. Basically it just keeps moving from terribly bad to even worse.
* Scenario :
Rent GHs at cex.io in early Jan 2014 and fully re-invest everything mined (merged mined NMC/IXC/DVC is approximated by assuming an additional 2% mining output, as I lack/forgot the exact figure).
Personal prediction :
Progressive and cumulating losses over increasing timeframes, above prices are minimum resale GHs prices to avoid a net loss (negative ROI).
Quote from: from 16 Jan 2014
Put in another way :
Think you'll be able to sell for 0.038BTC/GHs at end of Jan 2014 ? That is actually possible, if you're lucky.
Think you'll be able to sell for 0.034BTC/GHs at end of Feb 2014 ? That is hardly possible, even if you're lucky.
Think you'll be able to sell for 0.031BTC/GHs at end of Mar 2014 ? That is near impossible.
Think you'll be able to sell for 0.030BTC/GHs at end of Apr 2014 ? haha, good one...
Think you'll be able to sell for 0.029BTC/GHs at end of May 2014 ? *omg* have you seen a doctor lately?...
Think you'll be able to sell for 0.038BTC/GHs at end of Jan 2014 ? That is actually possible, if you're lucky.
Think you'll be able to sell for 0.034BTC/GHs at end of Feb 2014 ? That is hardly possible, even if you're lucky.
Think you'll be able to sell for 0.031BTC/GHs at end of Mar 2014 ? That is near impossible.
Think you'll be able to sell for 0.030BTC/GHs at end of Apr 2014 ? haha, good one...
Think you'll be able to sell for 0.029BTC/GHs at end of May 2014 ? *omg* have you seen a doctor lately?...
I see a closing price of 0.0236BTC/GHs, which ran far below my expectations, anyway turns out a purely mining January 2014 GHs holder would now be seriously out of luck and best off realizing losses & quit ASAP.
As expected, losses now begin to cumulate into serious figures, additionally helped by cex.io maintenance fee now exceeding a whopping 10% (as of today it's at an insulting 12.27%).
No 0% pool fee or merged mining NMC/IXC/DVC breadcrumbs help that, these features have become meaningless and dwarfed by a small fraction of the maintenance fee already.
In other words : if cex.io was your ordinary car - you'd ditch it ASAP and get one that doesn't run up such terrible maintenance bills.
Losses caused by cex mining since Jan 2014 have now reached 30%, which is optimistic (still based on the original, far lower maintenance fee of ~3%).
The additional losses (total net worth of investment) are entirely contributed to the fallen BTC valuation, which is one of the risks every BTC owner takes on.
At this point already it doesn't make sense anymore to continue observing the reality @ cex.io vs. my calculations and derived predictions, as the losses programmed into cex.io mining are non-recoverable in the original scenario *. Besides, the profitability outlook there looks absolutely absymal at this point. Basically it just keeps moving from terribly bad to even worse.
* Scenario :
Rent GHs at cex.io in early Jan 2014 and fully re-invest everything mined (merged mined NMC/IXC/DVC is approximated by assuming an additional 2% mining output, as I lack/forgot the exact figure).
Personal prediction :
Progressive and cumulating losses over increasing timeframes, above prices are minimum resale GHs prices to avoid a net loss (negative ROI).