Post
Topic
Board Exchanges
Re: ***CEX.IO Cloud mining official page***
by
boumalo
on 10/03/2014, 21:27:22 UTC
i have said it a long time ago on this thread, cex.io is a game of musical chairs. You can make money as long as there is someone to hand the bag to. But as the music stops there is bound to be someone left standing holding the bag. If that person is you then you lost.

At 3X the market GH/$ and 12% monthly fee, the musical chair is still going, but the end is near as the asic hardware cost reach their manufacturing cost basis, with china pumping out units like no tomorrow.

Bottomline, dont be the one left holding the bag and you will be fine.

Yes it is a good summary of what's happening

I am pretty happy I sold at 0.04 + for a tiny profit + mining revenue (brag)

0.0174 it feels like it cannot stop going down

When will the scrypt mining be offered?