There is no point to cloud mining. Either it is a ponzi in which case it can fold anytime, or it is legitimate which results in a loss.
Best option is to get a miner if there is cheap electricity and mine on its own.
Not true. With stable or rising coin prices cloud mining can be profitable to both the seller and the buyer. Many cloud mining companies used to operate without problems last year, but how would you possibly sustain a business if the material you're producing lost 50% of its value in 2 months and continued to drop. You can do the calcullations for any market product like gold or coal, not only crypto. No real world mine would continue to operate in such circumstances.Best option is to get a miner if there is cheap electricity and mine on its own.
this is the point. the mining is not profitable anymore so it is doomed. what's next? collapse.
if bitcoin prize will goes upper then 300 dollar, cloud mining will be profitable
but nowaday it's not..
It still is since it is denominated in BTC not USD. Check out BIT-X.com for more details.
