For all newbies above saying negatively about cloud mining then its absolutely right and its really a good thing for new people to be aware on how these sites are just purely scamming greedy newbies out there.
You should look at statistics for sites promoting cloud mining - the lion most of them are scammers who pay a few months for promotion and then disappear with your money. If you use large companies that work for several years (for example, nicehash.com), then it is possible to earn good money at the start of new crypto coins. Anyway, buying your own equipment for mining is the least risky option in the world of crypts.
They would normally do the steps that will make them a legit investment site and sooner or later they would really ran all of the money into their investors. Cloud mining scams do exist even upto these days since there are still foolish people who do feed up with those scammers.
Talking into legit ones like HF and Genesis then its still not advisable to put up money.Why? Its never been profitable.
