Still have not seen any answer convincing me a profit can be made by using cloud mining.....
+1 Wondering who is the clientele buying all the contracts then? There seems to be a lot of places selling them.
Yes, EXACTLY. This is why I am so surprised. With a bit of 2nd grade math you can figure out this is NOT profitable. Still, bunch of people buy these services every day and there are tons of these websites around. WTF?
Its that they're only less slightly cost effective than antminers (pbmining is at least) and you don't have to put up with hosting, electricity, heat, noise, then liquidating when it has gone by its effective life span.