Quote from: marcotheminer on March 26, 2015, 04:07:23 PM

Quote from: pawel7777 on March 26, 2015, 02:07:11 PM

Quote from: marcotheminer on March 26, 2015, 01:53:01 PM

Quote from: pawel7777 on March 26, 2015, 01:25:45 PM

Quote from: dyask on March 26, 2015, 12:00:00 PM

...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.

Trade-Winds

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