Post
Topic
Board Exchanges
Re: ***CEX.IO Bitcoin Exchange. BTC/USD, BTC/EUR. Official page***
by
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on 30/11/2014, 23:14:44 UTC
Someone see if i am right on this maths  Shocked

3 th/s = 3000 gh/s * .11 cents (so sue me i rounded up i know its 10.5 cents per gh/s per month) = $330 a month in fees

At the time of this post btc is ~ $375 per btc and according to this web site: https://alloscomp.com/bitcoin/calculator

per Day   0.03743718 BTC   $14.22
per Week   0.26206027 BTC   $99.55  <.. (this is your payout.  3/4 of that is going to cex.io)
per Month   1.13949421 BTC   $432.86   <... that's what a month is so subtract $330 - $432 = ~ $102

So buying 3 th/s on cex will net you only $102 and btw the price of btc/ghs at time of post is ~ .0015 btc = BTC4.5 meaning you would pay $1,687.50 to earn $102 a month
and Lord help you trying to reach ROI with that 102/1687 = 17 months.

So I'll let you decide is it a good time to buy cloud hashing on cex?

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PS

I know i didn't even count the difficulty increase that will even eat up the $102 profit over the next 17 months.. ((too much of a hassle)) i think i made my point .