Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time.
Share your thoughts.
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No! They have never been and will never be. Think of it logically. If a company has the money to buy all of these different miners, why would they want to sell the mining power? They can just use it for themselves and keep the profits. If they were to sell it to people, then they would have to up-charge, and fewer people would want to use the service.
Overall, I've never heard any form of success from cloud mining. Even if the site isn't a scam, it usually ends up with terrible profit margins that don't really make sense to pursue.