Post
Topic
Board Beginners & Help
Re: What is difference between cloud mining and HYIP ?
by
Tammy Chan
on 03/11/2014, 21:00:53 UTC
what about cex.io? I've read somewhere on forum that it's good. I've checked out the site and it looks dissent, I didn't register thou.
cex.io offers OVERPRICED and Never-ROI mining contracts. The maintenance fee is 50+% which means they only give you less than half of your profit and take the rest as fees for electricity and datacenter upkeep. Their GHS are way overpriced, 0.002++BTC while other cloud mining contracts offer 1GH at 0.001 with lesser maintenance  fees.

At current difficulty and bitcoin price, 1 GH/s hashrate will bring you roughly $0.0045 a day and $0.135 a month (assuming difficulty won't go up). https://bitcoinwisdom.com/bitcoin/difficulty
Cex.io is charging you $0.105 per GH/s per month. https://cex.io/maintenance

So the maintenance fee is roughly 78%, or in other words, you only get 22% of your mining revenue after the maintenance fee.