Does it make any sense to do cloud mining any more? Does anyone have any experience with Megamine in the UK?
I have about 10k to spend on the bitcoin play, far to little to buy any hardware....I'm trying to find the best way to invest it. (I don't want to buy actual coins I don't think there will be a return)
Look, most of the time, bitcoin cloud mining and bitcoins themselves are inter-connected in terms of profits, so if bitcoin price is falling, theres a good chance that you
will have hard time making some profits on cloud mining also, and vice-versa.
I always advise people to avoid cloud mining bussinesses, since they're mostly scams waiting to happen, ponzi's at best.
Theres that second option of buying hardware and mining yourself, but since most of the miners are profitable for a small period of time only, its also
a very hard to make ROI, plus you have to have atleast some technical knowledge to make some basic repairs in cases of unit failiure.
In the end what do u have, it seams that if you want to make profit, the best way would be to simply invest in bitcoins, and if ure a good trader, i bet u can make much more trading, than u can
in mining.
The real question is, is this the right time to invest into bitcoin, if you believe it is, then like i said, i would just buy coins, and stay away from mining.
cheers and good luck