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    1. Gaz
      January 7, 2014 at 12:21 am

      ok, so how long does it run for? if i pay aprox 0.04btc for 1gh/s, how long do i get that rate for??

      • Lord of the Cameltoe
        January 7, 2014 at 12:25 am

        Forever or until you resell your hashing power. You’re essentially BUYING the mining power. Its yours to keep. There is even a nifty Redeem Hardware option.

        • tnggf
          January 15, 2014 at 1:12 am

          1) If you get the hashing power “infinitely” then who pay for the electricity?

          2) The BTC mining difficulty will probably scale with your increased hashing power? So even if you reinvest into more and more hashing power, you’ll still get less and less BTC per hash.

          • Lord of the Cameltoe
            January 23, 2014 at 8:28 pm

            1) They cover the cost of electricty. I think they charge a very very small charge to cover such costs. You can read it in their FAQs

            2) Yes unfortunately, that’s the nature of cryptocoins. HOWEVER, at least you’re still generating BTC and you can resell the hashing power after. I would rather have my coins working to produce more coins rather than just sit there doing nothing. 🙂

    2. Gaz
      January 7, 2014 at 12:34 am

      hmm, interesting. i’m not really sure how that can work in practice, but i’m thinking i’ll give it a go!

      • Lord of the Cameltoe
        January 7, 2014 at 12:57 am

        Please let me know how it goes. How much you invest, how much you made, etc. I would be more than happy to blog about it (regardless if your experience turns out to be postive or negative).

        This goes to anyone else who tries out my method.

    3. Gaz
      January 7, 2014 at 1:09 am

      well all i had lying around in bitcoin was enough for aprox 1 third of a gh/s, which i’ve done. my dogecoin wallet is currently around 15k and rising, will look into converting that to bitcoin to put into this, along with the new dogecoins being mined at around 700kh/s i might throw a little cash at it too, since this seems to be cheaper than mining contracts elsewhere.

      • Lord of the Cameltoe
        January 7, 2014 at 2:10 am

        My personal opinion is to stay away from mining contracts. At least with CEX you can resell your hardware when you’re done as with mining contracts, that money is gone once the contract is over.

        CEX is buying equipment, mining contracts is renting equiment.

    4. Ondaderthad
      January 21, 2014 at 6:51 am

      I just joined CEX and deposited a small amount of BTC that I had in my wallet. But I think that the fees are eating any profit I can make.
      I requested a transfer of BTC to increase my hash power.

      Do you know what is the minimum amount of GHS to start earning?
      \

      • Lord of the Cameltoe
        January 23, 2014 at 8:31 pm

        I haven’t tried to calculate the minimum amount to deposit to start earning, and to be quite honest, I wouldn’t know where to start to make such a calculation.

        Then again, I’m the type of guy that either goes big or goes home, so I would invest much more than the required minimum. As the difficulty increases, I would simply keep putting more into hashing power to make sure you’re still making an interesting return.

        If that’s not fast enough for you, try day trading 🙂

    5. Ondaderthad
      January 23, 2014 at 1:52 am

      I joined CEX following your instructions (and link) The system is easy enough to follow and their website is well designed.
      After 2 days of mining with 1.9 GHS i found that your revenue example above doesn’t reflect the amounts I am mining. I know it’s ealy to tell but it looks to me like I am getting an average of 0.00002 BTC per hour = 0.00048 BTC per day for a 0.091 BTC initial deposit.
      Which would be 190 days for a 100% ROI
      I am aware of the other coins being mined and I reinvest as much of the mining as possible into more GHS.
      I am happy to be corrected if some of my calculations were wrong (or too early) and the mining difficulty has probably increased since your post.

      • Lord of the Cameltoe
        January 23, 2014 at 8:33 pm

        I see fluctations in how much I earn per day. I’m not 100% sure why, but some days I’ll earn more and some less. I figure this is due to the variations in difficulty and the variation in the number of miners in the pool.

        Have your earnings changed since you posted your comment? I’d love to get more feedback.

    6. Ondaderthad
      January 25, 2014 at 4:55 am

      Hard to tell without doing a lot of calculations with 8 decimal points. LOL
      But my strategy is to reinvest all mining profit to get more GHASH.
      I also trade Quarks and Dogecoins that I am mining at home with 2 CPUs and 3 Video cards.
      (I consider the electricity costs the same as buying coins at an exchange)
      I then transfer my traded BTC to CEX.io to get more GASH.
      I found out that the maintenance costs are $0.00045 per Gh per hour
      and the maintenance per share is 0.000000000669 BTC per share.
      (negligible)
      It’s the weekend now but I will consider purchasing more Bitcoins on Monday if the price is still low enough.
      I am currently mining with 5GHS and growing…

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