mining in cloud

[pavkis]

Hello,

I`m new in altcoin mining, I found some information about mining in cloud, but not really sure if its profitable or not. Renting Ghs is not cheap, but tera company wants to release cloud mining rigs with low pricez.

Does somebody mining in a clouds latetly? Can you mine also other ALTcoins then only bitcoin?

[Holdaaja]

I think it isn't profitable, because why wouldn't they then just mine themselves?

[geoloudon]

share the risk


payback the loans


costs a lot to build a big system

[b!z]

There is a company called cex.io which lets you buy "cloud" GH/s and trade them. You can keep the mining profits too.