The truth they dont want you know (CLOUD BASED MINING)

[picolo]

A simple solution is, never enter into a business where direct or indirect conflict of interest exists.
At this time, even with owned miner, paying lower electricity charge or even free solar electricity,
it's difficult to profit from a mining device in the long run.
So when adding the conflict of interest in this formula and the total control is on the hands of cloud mining company,
just ask yourselves, who will win the race. You got your answer now.

Solar electricity is not free to set. It is only free if you get a free solar system.
It is in the best interest of cloud mining companies that everything runs out smoothly but some can be blinded by getting a short term profit.

[Syke]

It is trivial to prove one has the hashing power to backup their clients mining with the blockchain and through mining pools, why aren't they doing this?

You know the answer. If they aren't sending out newly minted coins, they aren't mining.

[picolo]

@OP No doubt it is a good read. It is clear that at 0.00168249BTC/Ghs CEX is no more a profitable option. But, its a brand. You know they are mining. On the contrary, there are some anonymous operations around, which are offering as low as 0.001BTC/Ghs, chance of profit is far more higher, though there are Ponzi allegations against most of them...

You hope they are not cheating and they most probably are not but the high cost of GHS and the very high maintenance fees are making it a bad option right now. It may change in the future.

[avw1982]

I started with Cointellect and has no problems with it. Bought a starter contract and got profit every day with it. More experience with this site?