Is cloud mining altcoins profitable?

[Nathan047]

So, assuming I use a legitimate cloud mining company, are there still altcoins worth cloud mining? I know that the rising amount of bitcoin miners makes bitcoin cloud mining relatively unprofitable, but is profitable to mine coins like Litecoin, Monero, Eutherium or the like?

[m1n1ngP4d4w4n]

So, assuming I use a legitimate cloud mining company, are there still altcoins worth cloud mining? I know that the rising amount of bitcoin miners makes bitcoin cloud mining relatively unprofitable, but is profitable to mine coins like Litecoin, Monero, Eutherium or the like?

Imho no.

[cakes]

In the short term, not likely. If you did mine a newer coin with low difficulty and high initial block rewards there is a possibility that you can make a profit if the coin pumps (IF the coin pumps) but for most of the largest alts (Eth, Monero, ZCash, etc) the cost it would take to find a block isn't worth the investment.

[starmman]

I had a look a while back and couldn't find a cloud mining operation that looked profitable and legitimate - so opted for small scale CPU based coins...

[Nathan047]

Okay, well thanks for the advice everyone.