Post
Topic
Board Exchanges
Re: ***CEX.IO Cloud mining official page***
by
darrenwgray
on 13/07/2014, 07:25:25 UTC
Wtf are you guys thinking buying CEX contracts?

I've got over 1 TH on www.lunamine.com for 0.0025 BTC per GHs.. and they pay out whenever you want to. CEX is 0.0061.. Three times more!! This will never break even.
Even the "lowered" maintenance is 2x larger! ripoff

Yeah I have referral link but I am not even using it here.. I'm just being sorry for the guys tricked into this legit scam..

Yes but there are significant differences between the two services (unless I stand to be corrected) because Luna is a lifetime contract and from what I understand of the website there is no trading if the value of that GHS contract goes up. CEX is a trading platform for GHS rather than an investment platform.
You also have to consider that the minimum spend on Luna is 100GHS (at the moment; if you remember Cryptsy had a fixed 1GHS and a fixed 10GHS contract offering which soon changed) whereas CEX (and Cryptsy and Crycurex et al) offer fractional GHS which appeals to the beginner miner - indeed I only started off with a few CoinyeCoin and 0.1BTC bought from Bittylicious not so long ago.

All I was pointing out was that CEX appeared to have a sizeable (10%+) drop in the asking price for GHS whereas others in a similar market appeared to be stable. This thread is, of course, about CEX and not any new start-up that you are promoting.