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Some Thoughts About CEX.io Bitcoin Cloud Mining and Exchange Service

Wij’ve bot using the CEX.io services for a while already and have determined to share some of our practice and tips and tricks ter order to help you get the best out of the service if you are using it or project to use it at some point. The idea behind CEX is that you can purchase BTC ASIC hashrate ter the cloud, so that the purchased GHS will commence mining Bitcoins instantly for you. CEX.io also has an exchange where you actually buy and sell hashrate – GHS for BTC or NMC, and also can trade LTC/BTC and NMC/BTC. The service also includes the Ghash.io BTC mining pool where your cloud hashrate is mining for you, and if yuo have physical Bitcoin miners you can also point them to that pool to mine coins for you – the pool toverfee is 0% and presently this is the largest of the BTC mining pools.

The fact that you don’t actually buy GHS at a immobilized price, but instead you can purchase hashrate at the current market price is both a good and a bad thing. Due to the fact that there is an exchange available you need to trade BTC or NMC for GHS te order to get some hasrate to mine for you, so you can expect the price you will have to pay for 1 GHS to be 2-3 times higher than what you would pay for a physical Bitcoin ASIC. The good thing with cloud mining at CEX.io is that you can lightly and quickly sell your hashrate at the exchange at any time. The bad thing is that there is a very high chance that te a few days or weeks of time the exchange rate vanaf GHS will most likely be lower than the rate at you purchased. This is happening because of the permanently enlargening difficulty of the Bitcoin network, and spil a result the rate at which your cloud hashrate is mining coins for you will also druppel te time. This makes it not worthwhile to invest te GHS on the long run expecting that you will end up with profit from what you have mined with the purchased hasrate after you sell the gigahashes you purchased on the exchange ter a while.

What you should consider to do if you project on using CEX.io effectively is to trade GHS on the exchange (there is a 0% toverfee for trades on that exchange) and while you are trading them the purchased hasrate will generate you some toegevoegd profit spil it will mine for Bitcoins. This is simply the best and most profitable option that will give you the chance to make some toegevoegd profit, however it will require you to have some trading skill and practice te order to do the right decisions on the exchange. It is not a wise idea to look for automated trading solution to help you ter trading such spil the Cryptotrader podium that wij’ve reviewed recently unless you indeed know what you are going to do with it. On the other arm the use of some sort of market indicators such spil EMA can help you te making the right decisions at the right time. You can find a good source for technical analysis of the GHS market at Bitcoinwisdom, but be careful with thesis indicators spil well spil they can only help you identify the market trends and not ensure you anything.

  • Ter: Cloud Mining|Tests and Reviews
  • Tags: Bitcoin cloud miners, bitcoin cloud mining, Bitcoin cloud services, Bitcoin commodity exchange, Bitcoin GHS trading, Bitcoinwisdom, BTC cloud miner, BTC cloud mining, BTC cloud services, cex cloud mining, cex io cloud mining, cex io profitability, cex io review, cex io test, cex mining, cex trading, cex.io, CEXIO, ghash.io, GHS trading

CEX.io Cloud Mining is Presently Down for Scheduled Mainatanance

The Bitcoin Cloud Hashing service CEX.IO is presently down for an hour for a scheduled maintenance (3PM-4PM GMT). This downtime includes only the CEX cloud mining services that should be restored and the miners with cloud hashrate should be compensated with epistel higher hashrate than they actually have purchased spil the CEX does normally when there is downtime. The maintenance mode should proceed for an hour and after that everything should be back to normal. The Ghash.io mining pool is fully operational and you can use it with dedicated miners if you have any during the maintenance period.

Update: Everything is back to normal now and you should’ve received slight boost for a bit ter your hashrate to be compensated for the downtime.

  • Te: Cloud Mining|Crypto News
  • Tags: Bitcoin cloud miners, bitcoin cloud mining, Bitcoin cloud services, Bitcoin commodity exchange, Bitcoin GHS trading, BTC cloud miner, BTC cloud mining, BTC cloud services, cex cloud mining, cex io cloud mining, cex io profitability, cex io review, cex io test, cex.io, CEXIO, ghash.io, GHS trading, uk1.ghash.io, us1.ghash.io

CEX.io Cloud Mining Service ter For Maintenance for an Hour

The Bitcoin Cloud Hashing service CEX.IO is presently down for an hour for maintenance. This downtime includes only the CEX front-end and the uk1.ghash.io pool, the us1.ghash.io pool and the ghash.io pool frontend are working just fine (you can switch to the US pool). The maintenance mode should proceed for an hour and after that everything should be back to normal. During the downtime your cloud mining hashrate should proceed mining for you and it should already be about dual than normal ter order to compensate you for the yesterday’s downtime.

Update: The services are fully restored now and everything should be back to normal.

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