...I was shocked to see the value of my GHS...
Since it's not profitable to mine (it would generate you net loss) anything above zero seems a fair price.
Cloud mining on other sites is still profitable.
Yup, but you can't transfer your GHS from cex to other sites. So if on cex fees>income, I don't really get why would anyone buy such at all, I guess it's all about the hopes the diff will go down, fees will be reduced and/or BTC price will rise.
Of course. If fees are larger than income you'd be better off selling and changing cloud mining sites.
Im saying about trading because I it really can be the solution to this whole thing with mining.
When CEX.IO turned off cloud mining, I was left with my useless 1THS (although theyd been useless for a while by then). I missed the chance to sell them for Bitcoins when the price was more or less adequate, but I did it when the mining halted. I bought Bitcoins with my 1000 GHS and traded them to Darkcoins. I did that mostly for fun, to see what happens, as I dont normally trade altcoins.
Heres my summary.
When I bought my THS, I paid around 2 BTC for them.
I sold it at around 0.7 BTC in January.
In January, I bought precisely 100 DRK (1 DRK at the time cost 0.007 BTC).
After I publish this, Im going to trade my DRK to BTC again. If you have followed Darkcoin/Dash price lately, you know that the coin has rose significantly.
So, Im going to end up with the same old 2 BTC, just because certain trends coincided.
Its just one example. I havent considered other altcoins yet, and I cannot possibly know what the price of Dash will be in the future.