Posts Tagged ‘CEXIO’

CEX.IO Bitcoin Commodity Exchange Adding Trading Fees

3, Apr 2014

cexio-trade-fee-introduction

The Bitcoin cloud mining service and exchange CEX.io has announced its plans on introducing trading fees on their exchange. Up until now trading there did not have any fees, making the exchange very attractive place to trade due to the large trading volume as well. The lack of fee was also interesting if you were using an automated trading solution as it could more easily realize a profit without having to take into account a fee when executing trades. It was expected that sooner or later a fee would be imposed as crypto currency exchanges usually do get their profit from trading fees.

The introduction of the trade fee should happen within two weeks according to the official information and it will be implemented in two stages. Starting with a fixed commission of 0.2% for everyone and and then a month later moving from a fixed to flexible fee between 0.2% and 0.5%, depending on the 30-day trading history of each user. It is interesting to note that the reason given for the addition of the fees is because the platform is currently preparing the necessary foundation for the introduction of US dollars trading on the exchange and apparently BTC/USD and USD/GHS trading pairs will soon be introduced. CEX.io has also announced their plans on soon introducing Litecoin cloud mining as well, though no date for that is yet announced and it could take some more time before they have the right ASIC hardware available to provide the mining power they need for that.

Updates and New More Affordable Beginner Trade Bot from Haasonline

18, Mar 2014

haasonline-beginer-trade-bot

A new version of the Haasonline Automated Trading Bot software was released along with an update for the trading platform for existing users. The new Beginner Trade Bot is a bit more limited compared to the Simple and Advanced versions of the trading software, but also comes at a much affordable price, making it ideal for people that want to try it out first without having to invest a lot in the software for the more expensive licenses. And the good news is that you can upgrade at a later time to the other two versions by paying for the difference, so if you like the results and need more features you can upgrade, if not you would not have paid up to 0.9 BTC to see that this software is not for you. The price for a license for the Beginner Trade Bot is 0.25 BTC and you can get 5% discount if you add the coupon code “5off” (without the quotes) on checkout. Note that the promo code for the discount can also be used for the other two versions of the software, not only for the Beginner license.

The update to the software that existing users have received brought some new features and improvements, but due to changes in how user settings are stored in the new version after upgrading the trade bot configuration and the exchange API keys will be lost and yo will need to set them again and that can be a bit of a bother, especially if you have configured a lot of bots already with different settings. On the other hand there are some useful improvements in the new version along with new indicators, better options for selecting the trading amount that the bot can operate with and more advanced check if the set orders have executed or not. With the older version we had a few cases when an order is sent to an exchange such as Cryptsy and not getting executed for a while without getting removed due to a timeout, so hopefully the new update will fix these problems. We are currently testing the automated trading bot on LTC/BTC trading to see how good it will perform in the current market situation with the Litecoin prices going up and so far we are seeing good results getting some profit from our automated trades.

– For more information about the Haasonline Automated Trading Bot for crypto currencies…

More Issues With the Ghash Litecoin Mining Pool and the “Double” Reward Bonus

17, Mar 2014

ghash-io-ltc-mining-pool-status-update

We have already stopped using the Ghash.io Litecoin Mining Pool after the initial problems and changes of rules to the one week double mining awards for LTC promotion that CEX.io was running. We did recommend to our readers to do the same as we were really disappointed by how things were handled and the problems that were appearing. It seems however that what we have experienced as issues in the first day wasn’t the only problem, we got reports from readers that apparently still remained mining at the pool after that for more issues. Below is a quote from one such reader:

I would like to inform you of cex.io’s poor behavior. Notwithstanding your warnings about the LTC Promo, I was using their LTC pool for the last 2 days.

Here is the current state of things:

* They allowed a multipool to participate in the 2x promo(easily pushing the hash rate over the 2x limit of 25Gh/s)

* Agreed to pay for server error that kept our machines hashing without getting paid for 10 blocks. Then said “the support member was wrong ” when he said we “would get paid, so keep your machines running on the pool”.

* Randomly hashing blocks(3) without receiving payment(blocks not orphaned)

* Currently(as of this writing) having LTC withdraw issues. Users are reporting a “insufficient funds” error, despite having 5+ LTC.

All of these issues are experienced by many users. This is a very bad start to a site that looks so promising. In any event, I simply wanted to pass on this information in an attempt to prevent others from possibly getting Goxed.

There are a little over 3 days that remain until the end of the Doubled rewards for LiteCoin mining at the Ghash.io mining pool and we are again going to recommend you to stay away from the pool. Currently the multiplier is x1.25 and will hardly go back to x2 as the hashrate of the pool needs to drop in half. And if you experience a few more issues in the remaining time you could easily end up with the same or even lower than x1 the expected earnings from directly mining LTC in another pool.


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