Bitcoin Forum

hi can you give some opinion? or good websites for cloud mining

Mining is rarely profitable, and even if it is, it is only marginally profitable. Nearly all profitable cloud mining organizations are actually pyramid schemes or other forms of scams. Please see the link in my signature for more details.

It was, like mining at home, but you can't compete with the big mining farms nowadays.

No. It will almost always be less profitable then "physical" mining because cloud mining means that one additional person/company needs to profit. The only exception to this is if you have exceptionally high electric costs.

Mining in general has always been very competitive and your profitability will largely depend on when you both enter and exit the market (as in when you buy and when you sell the miner you are using)

No. And if it is, it will likely be a ponzi.

Nope.
Personal mining in the current price just can't be profitablle, unless you have free electricity...
And cloud mining is almost in the same situation

I dont know but i've heard companies like CEX.io are closing their cloud mining services so.

Don't do that if you have no professional rigs

not really profittable for the moment , perhaps you should only mine with real hardware instead of cloudmining, lets hope ASIC manufacturer make some great rig with less electicity consumption

It's very hard to get profit from cloud mining
High difficult & low bitcoin price making it very difficult

And with risk, most cloud mining are ponzi :(

home mining also not profitable mate
unless you can arrange free electricity or super low cost for electricity :)

The only way it can be called profitable is if you believe in a significant price increase, like the one in 2013, but then why not simply buy the coins?

Was cloud mining ever really profitable? perhaps a few people get lucky and certain times with the price etc but if it was profitable to hold rather then sell then the company would hold no?

some people are bitcoin believer , the hold bitcoin in their cold wallet / paper wallet, some are using it as investment instrument thus gaining some back, and some are trader who get some profit from daily trade

from your statement i can see that you are a believer, while im a trader

Cloud mining,

At the beginning, because of the price chart on late 2013, Later on, You will rely on being brokers or invest other people's actual projects.

if bitcoin prizes under 300 dolar
Cloud mining isnt prifitable..
when it increase till 300 dolar, it will be..
Thats simple..

No, it also depends on availability and prices of ASICs and energy, as well as the network difficulty.