|
Title: Can cloud miming ever be profitable? Post by: Gubzy on April 21, 2016, 06:05:05 AM Other than cashing out at the right time, it seems like cloud minning doesn't profit too much. Hashnest, which I believe is a legitimate cloud mining service, seems like it is slowly declining, especially with the current state of the S5 miner on there.
Title: Re: Can cloud miming ever be profitable? Post by: adaseb on April 21, 2016, 06:11:53 AM Not worth it. They charge too much in maintainance costs.
Title: Re: Can cloud miming ever be profitable? Post by: Catlonid on April 21, 2016, 10:41:26 AM The Genesis mining charged $1799 for 100 MH/s, but it was not profitable for buyer. After the price rise, they charge $4400. It is still not profitable.
Title: Re: Can cloud miming ever be profitable? Post by: kwaasteniet on April 22, 2016, 08:33:45 AM You can ask yourself: Why are they not mining for themselves. If they have the equipment why rent them? Because renting is more profitable then mining probably.
Title: Re: Can cloud miming ever be profitable? Post by: Bemerand on April 23, 2016, 08:52:30 PM I know how to build the GPU rigs. So I will not try the cloud mining. The purpose of cloud mining is to make the operator money.
|