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It has been about a week already since we have discovered the new Markets CX LTC cloud mining service and have started testing it. We have decided to give it a try as it was new and interesting, so we have invested 5 Litecoins to purchase about 120 KHS worth of cloud mining hashrate at a price of 0.0410 LTC per KHS. Initially we’ve had some concerns about the service that is claiming to be using Gridseed ASIC devices to provide so attractive prices for cloud mining hashrate as compared to other services that are still using GPUs. You can check our first impressions from the MarketsCX Litecoin cloud mining service and see some of the concerns and issues that some readers that have decided to try it out as well have reported.
The good news is that a week later and the service is still here and works and today we’ve got an official reply in the comments section of the article with our initial impressions seemingly from the Support of the service. This is the reason why we’ve decided to give some updates on our experience with the Markets CX service so far and below is a quote of the post regarding some of the issues reported in the comments above:
Guys, indeed there were some technical problems a few days ago. Some user accounts with dots and uppercase characters in their E-mail addresses were affected. We have successfully solved this problem. No LTC, KHS or mining profits were lost.
It is nice that they are keeping an eye on what other people are talking about their service and taking the time to respond to users with issues that are not posted on their website, though their onsite support seems a bit slow in responding apparently. Up until today we’ve had no issues with the service so far, and today was a bit of a delay when we have requested an LTC withdraw – we did not receive a confirmation email shortly after requesting the withdraw (previously we got it in less than a minute). So we’ve sent a support ticket about the problem and have requested multiple times a withdraw to test if we are going to receive an email. A bit more than an hour later we got a confirmation email and the withdraw was completed, so we’ve closed the ticket (we got no answer, but maybe the issues was addressed). So a few more hours later we’ve requested another withdraw to see if the problem with the delay still exists. Again we did not get a confirmation email within a few minutes, but requesting the withdraw again and we got the confirm email in a moment (again just one with two requests made).
Another thing that we did not like much about the service is the rapid decline in price per KHS, we have purchased hashrate just a week ago at 0.0410 LTC per KHS and back then this was very reasonable price and now the price is 0.02442 LTC per KHS. We are not sure if this is because of users that are dumping their hashrate or by the service pushing new hashrate at a lower price, but we are not very happy that in just a week time our hashrate lost almost half of its value (a common problem with cloud hashrate services with trading exchanges). Currently there are more than 34 MHS worth of hashrate available on the exchange, so at the moment you can buy some cheap LTC mining hashrate. We do recommend caution though as this is still a new service and we still do have some concerns, so not a good idea to invest a lot of Litecoins in it for the moment. If you are interested in checking it out you can get with a few LTCs like we did, as it is probably not a good idea to invest in thousands of KHS for the moment!
– For more information about the Markets CX Litecoin cloud mining service and to try it out…
- In: Cloud Mining|Tests and Reviews
- Tags: cloud miner, cloud mining, crypto cloud mining, Gridseed, gridseed asics, gridseed litecoin asics, gridseed ltc asics, litecoin cloud, litecoin cloud miner, Litecoin cloud mining, litecoin cloud mining service, LTC cloud, ltc cloud miner, LTC cloud mining, LTC cloud mining service, Markets cx, Markets cx cloud mining, Markets cx first impressions, Markets cx litecoin, Markets cx litecoin cloud mining, Markets cx LTC cloud mining, Markets cx review, Markets cx test, Marketscx, scrypt cloud mining, Scrypt cloud mining service, scrypt mining
The company Amfeltec has a lot of interesting products including some that may easily catch the attention of miners using GPUs. We are talking about the x1 PCIe 3-Way Splitter and the x4 PCIe 4-Way Splitter that allow you to split a single PCI-E x1 or more slot to three cards using x1 or a single x4 PCI-E slot to four x1 PCI-E slots for four video cards. The company also has other products that can provide you with extensions and splitters of PCI-E and other slots. These products are able to give you the ability to install more video cards for mining on a single motherboard that does not have enough PCI-E slots unlike for example the AsRock Pro BTC series of motherboards. And while these products do seem quite interesting they do have a certain drawback and that is their price that is the hundreds dollars range, so not that attractive for miners willing to optimize their cost and performance. Another possible issue might be actually getting some of these splitters in your hands as the company in question is based in Canada and they have only one distributor listed that covers UK and Europe. Still you might want to check these PCI-E splitters and not just raisers if you are interested in them.
– For more information about the GPU-oriented PCI Express splitters from Amfeltec…
More About the New Scrypt Mining Pools on Ghash.io
13, Mar 2014
The Ghash.io mining pool that is a part of the CexIO Bitcoin cloud mining service has been silently adding new Scrypt-based pools, starting with a Litecoin (LTC) mining pool in the last few days. The initial addition of LTC pool was a sign of a possible upcoming LTC cloud mining, however after the addition of a DOGE, FTC and AUR pools to the service we no longer consider this to be the case. That and the fact that the account Balance section at CexIO did not get new currencies available hints to another thing.
It seems that the idea of the service is to attract new miners that are using GPUs for mining by adding Scrypt mining pools, miners that would apparently get paid directly in Bitcoins regardless of the Scrypt crypto they are mining. The Ghash.io pool even announced doubled rewards for LiteCoin mining in order to attract more miners, however when the countdown just reached 0 it started to increase, so we are not sure what and how is this going to work. The whole idea here is probably to attract more customers to purchase and trade GHS for cloud mining Bitcoin, but as long as you get an extra bonus why not take advantage of it while it lasts.
Update: it seems that they have fixed the countdown issues, now it says:
Doubled rewards for LiteCoin mining ends in [6 days, 22 hours, 5 minutes, and 53 seconds]
Also we’ve have received our first reward from found block and it was credited to the LTC account in Litecoin at CexIO, but we are not yet sure what is the situation with the other alternative Scrypt coins that already have pools setup and working. There has been an update for the the DOGE, FTC and AUR currency sign in the pools, but the account Balance page still does not have these new crypto currencies available. Note that the CEX and Ghash websites use the same account, so you only need one registration to be able to use them.
– For more information about the Ghash.io mining pool and to try the LTC mining functionality…