Win an iPad for Winter Holidays!

Win an iPad for Winter Holidays!

The year 2016 has been truly tremendous for Bitcoin and blockchain. We would like to express our endless gratitude for your trust in CEX.IO and all the feedbacks you provided during this year. 

We have prepared 3 iPad Mini for users who will gain the highest monthly trading volume in January 2016. We will choose one winner in each market (USD, EUR, RUB) based on 30-day trade volume. The winners will be announced on February 5th, 2016.

Continue reading Win an iPad for Winter Holidays! at CEX.IO Official Blog.

Altcoins Removal and Multipool Suspension

Altcoins Removal and Multipool Suspension

Dear users,

We at CEX.IO have decided to focus on higher volume markets such as BTC and LTC, which would allow us to provide you a better exchange service and trade opportunities.

Thereby, please be informed about GHash.IO Multipool suspension and removal of altcoins

GHash.IO Multipool Suspension

December 1st, 2015, GHash.IO Multipool will be discontinued. Mining of IXC and DVC will be stopped as well.

Continue reading Altcoins Removal and Multipool Suspension at CEX.IO Official Blog.

Warning: Bitcoin based products and scams

OKCoin is reminding all users and the wider investment community:

There has been recent growth in third party financial products advertised as “social financial help” which have promised high-return and high yield using virtual currencies as a funding medium.

OKCoin officially declares:

OKCoin is a neutral exchange offering no assurances or advice on investments in virtual currencies. OKCoin has never cooperated with operators of MMM or any other similar financial schemes nor has OKCoin engaged in any advertising of such schemes. Any third party scheme operator using the OKCoin name in any material has not obtained the right to do so.

OKCoin is a professional Bitcoin exchange, and we are dedicated to the security of our user assets. OKCoin also seeks to give users prompt warnings and information about matters related to the safety of user funds. We wish to remind investors to take caution of investments associated with multi-level marketing ponzi  schemes based on Bitcoin, in order to avoid financial loss.

OKCoin will always fulfill our obligation to follow government requirements pertaining to anti-money laundering and KYC to ensure market stability. Our customer service team as always is online 24/7 by phone, email, and live chat in both English and Chinese, ready to serve you. If you have any questions, please contact us. Customer service can be reached at support@okcoin.com.

Related links: OKCoin posted on October 8th, 2015 the first warning against fraudulent financial schemes based on Bitcoin. https://www.okcoin.cn/t-1009687.html.  This announcement was posted only in Chinese at the time as the scheme targeted Chinese nationals.

Official Statement on Cloud Mining

Official Statement on Cloud Mining

Dear Users,

Please be informed that despite considerable Bitcoin price growth, it is still not enough for profitable Bitcoin mining, taking into account current difficulty and maintenance cost.

Take a look at the following calculations:

There’s an average number of more or less 3,600 BTC gained from mining each day. The hashrate is currently about 480,000,000 GH/s. Thus, the expected Bitcoins/month with 1 GHS can be calculated this way:

1 GHS/overall network hashrate * Bitcoins generated per day * 31 day

1GHS / 480*10^6 GHS * 3600 BTC per day * 31day = 0.0002325 BTC ~ $ 0.09 per month (at 400 USD/BTC rate)

Meanwhile, 1 GHS maintenance per month is $0.105/month.

Continue reading Official Statement on Cloud Mining at CEX.IO Official Blog.

Official Statement on Cloud Mining

Official Statement on Cloud Mining

Dear Users,

Please be informed that despite considerable Bitcoin price growth, it is still not enough for profitable Bitcoin mining, taking into account current difficulty and maintenance cost.

Take a look at the following calculations:

There’s an average number of more or less 3,600 BTC gained from mining each day. The hashrate is currently about 480,000,000 GH/s. Thus, the expected Bitcoins/month with 1 GHS can be calculated this way:

1 GHS/overall network hashrate * Bitcoins generated per day * 31 day

1GHS / 480*10^6 GHS * 3600 BTC per day * 31day = 0.0002325 BTC ~ $ 0.09 per month (at 400 USD/BTC rate)

Meanwhile, 1 GHS maintenance per month is $0.105/month.

Continue reading Official Statement on Cloud Mining at CEX.IO Official Blog.