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Showing 5 of 5 results by CaptainGoodVibes
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Board Beginners & Help
Re: Just bought GHash's from CEX is that a good idea?
by
CaptainGoodVibes
on 30/10/2013, 05:47:14 UTC
What you have to do is play the market with your GHs.  Buy low and sell high just like a stock.  There's usually a mass sell of a couple days before a diff increase so you can sell at whatever it is then pick up more hashing power after the diff increase and keep up somewhat with the increase.
Any which way BTC are a fantastic investment. Good luck to all in the quest of BTC
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Topic
Board Beginners & Help
Re: Just bought GHash's from CEX is that a good idea?
by
CaptainGoodVibes
on 30/10/2013, 02:56:42 UTC
Not worth it unless the price is lower and can ROI....
Again, it's an exchange. It's super fluid, and the price definitely varies. I've seen it as low as 0.040 and as high as 0.125 BTC per Gh/S. Hell, I've dumped all my Gh/S into BTC twice and have in no way lost money on the investment. Oh, and ROI? I have every 0.0001 BTC back + mining profits + trading profits. Yeah, lost a lot of money on that one Huh

So long story short: Buy in and sit on CEX shares? Probably a loss. Trade, like a good member of a commodity exchange should? You'll head out on top. If you're smart.  Wink

Cheers, fellows.
I agree nynexx , for the short term its hard to see how you can lose. Cheers mate BTC
Post
Topic
Board Beginners & Help
Re: Just bought GHash's from CEX is that a good idea?
by
CaptainGoodVibes
on 29/10/2013, 21:00:26 UTC
Well at the current price, no. If it was cheaper then it might be worth your money.

It was.  Just about a week ago the high price was only 0.04 BTC, if you had bought it then, you wouldv'e made quite a lot of dollars.
its an Exchange for GHash as well so the Ghash you mine with , you sell back . CEX.io are pumping out the blocks there is no way I can get a 4-5 Ghash mining rig set up and going straight away. I'm thinking I'll get a BTC or 2 over the next month or 3 (: Then the mining difficulty gets to hard unless you got 100's Ghash For a noob like me I'ts a good way to still mine a few BTC

https://cex.io/

MOD NOTE:
Referral link removed
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Topic
Board Beginners & Help
Re: Just bought GHash's from CEX is that a good idea?
by
CaptainGoodVibes
on 29/10/2013, 18:16:40 UTC
Thanks for the feedback BTC Legend  Cheesy
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Topic
Board Beginners & Help
Topic OP
Just bought GHash's from CEX is that a good idea?
by
CaptainGoodVibes
on 29/10/2013, 18:00:52 UTC
Hi all , I'm new to the BTC business and came across an ad for buying 1 Ghash for 0.1BTC with CEX.io and they do the mining so I signed up. Is that the way to go?
Thanks

mod note: ref spam removed