Post
Topic
Board Mining speculation
Re: Mining with CEX.IO or why do I not believe skeptics
by
fsb4000
on 20/10/2014, 01:03:37 UTC
I buyed 250 GHS and realise he mines only with 16%,  84% goes for costs to cex where is logic!!!!!

U loose money 100% take calc in hand!

How did you get the 84% figure?
I don't use cex.io, but from my calculation, it seems the fee is about 30% now (the fee% went down considerably  because of the price rise in the past few days).
You are correct that the current fee is ~30%. The algorithm is here: https://cex.io/maintenance
your calculation is wrong.
current fee = (0.105 / 0.1654) * 100% = 63.5%

https://bitcoinwisdom.com/bitcoin/difficulty