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1  Bitcoin / Mining speculation / Profitablity of mining (cloud or rig) virtually zero on: February 22, 2016, 05:18:56 AM
Please someone tell me I'm wrong, but i am a huge supporter or bitcoin and the concept of decentralization and have been doing some research about mining because i want to support this idea but i have not found one method that will yield in positive profits for new miners entering the market right now.

Even the S7 miner ($800 - $1200 USD) will generate 0.5%-0.75% daily ROI yield and this is excluding electricity cost, add the increasing Difficulty to the equation and the fact that Block reward is halving in the summer it is now increasing exponentially in negative profits.

Cloud mining is pretty much the same thing too Maintenance cost of these websites are ridiculous (Hashnest, CEX.io, etc) and if you come across something that brings up your hopes it ends up being a ponzi

am i missing something here, how are miners making there money?
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