The future of mining lies much more in the "cloud" than in home mining.
In theory, a well designed cloud mining system can provide both hardware and power at lower than residential rates.
This pooling of buy power should be enought to give both you and the managing company a profit from mining - if anyone makes profit from mining that is -
The current state of affairs seems to suggest that cloud mining is more expensive than home mining, as some people are willing to pay a premium for the conveniance of the service.
Many cloudmining providers take advantage of this and turn around HUGE profits.
I agree that the future of mining lies in the "cloud". But I have a question. I purchased a 250GH miner with GAW Miners and I want to know if this was a smart move.