Can cloud miming ever be profitable?

[Gubzy]

Other than cashing out at the right time, it seems like cloud minning doesn't profit too much. Hashnest, which I believe is a legitimate cloud mining service, seems like it is slowly declining, especially with the current state of the S5 miner on there.

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[adaseb]

Not worth it. They charge too much in maintainance costs.

[Catlonid]

The Genesis mining charged $1799 for 100 MH/s, but it was not profitable for buyer. After the price rise, they charge $4400. It is still not profitable.

[kwaasteniet]

You can ask yourself: Why are they not mining for themselves. If they have the equipment why rent them? Because renting is more profitable then mining probably.

[Bemerand]

I know how to build the GPU rigs. So I will not try the cloud mining. The purpose of cloud mining is to make the operator money.