Very good article, thx.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
My CEX/Ghash profits are being eaten alive by maintenance fees. Crazy how we pay other people to mine for us and then you actually pay, so that they can mine for themselves.
Anyways... If all I gain is experience, it was money well spend.
Positively for you, the fees have come down at Ghash.io so perhaps you will be making something now
cex.io fees has reduced to average 35% at the moment, some fees even below 10%.. they make decent decrease in fees.
As of now the maintenance+electricity fee is 0.105$/GH.month (https://cex.io/maintenance)
The profit in the first month is 0.0004BTC, @400$/BTC it gives 0.16$/GH.month (https://mining.cex.io/calc)
Subsequent months have lower profits due to increased difficulty.
That is not a sub 10% fee.