Is cloud mining profitable in 2022?

[swogerino]

There were tons of scams in 2014-2016 era and many people unfortunately fell for this scam,it was in the mood back in those days.It was so much in the mood that some companies like Genesis come into play claiming they had their datacenters full of ASICS and GPU rigs in Iceland or some place similar don't remember now.They even offered real contracts but there was a clause there that if maintenance cost were higher than the revenue you would get kinda like 0 profit and your contract would be terminated,something in those terms which made a lot of people mad and also was the end of cloud mining once and for all.

Anyone asking if cloud mining is profitable in 2022 is only asking for trouble so better stay away for this.Even us real miners are mining at a loss right now,we that continue to mine,all others who don't believe in long term recovery of crypto have shut down their rigs.

[Saisher]

If we judge the reports on scam sections about all these cloud mining we can easily conclude that they are all just Ponzin schemes, cloud mining was good back 5 years ago when mining was still profitable and scammers have not found a way to make cloud mining into Ponzi scheme.
There are few good clouding mining sites but earning is not guaranteed because its hard to guaranty profit based on the volatility of the market.

[1miau]

Even if it's not a scam, it's still very likely not profitable at all.
Mining today is done by professionals and even such highly professional mining businesses are competing against each other who can mine Bitcoin at the lowest possible cost (and therefore making a better profit compared to competitors).
Profit margins are very low and miners really need to minimize costs to be profitable.
When there's a middleman (who's mining for you), he'll keep a part of the profits. So, profits will be split while a professional non-Cloudminer only needs to care for his own profits. He has a competitive advantage / Cloudminers have a competitive disadvantage.
And when there are very small profits, he'll pay expenses like electricity and staff first, before he's paying out you. So, you are covering the risk first if mining is getting less profitable.

In addition, it's also a question if mining is profitable in general. Some statistics have shown that HODL is much better most of the time.
From what I've read so far, mining is only profitable if you are a big industrial player or you have cheap / free, excess energy.

tl;dr:
Regarding Cloudmining:
It's much more profitable and risk-free to HODL your coins. 

[malcovi2]

cloud mining is a profitable mining method.

Yes, you are correct that it's a profitable method for those running/managing the scheme but for the plebs that pouring money hoping that they make a profit is a very different story.

[robelneo]

Over the past few years, the crypto world has undergone numerous changes and so has cloud mining. The whole face of cloud mining has changed. Cloud mining will always be the best option to earn profits without the need to pay for equipment and related costs, and 2022 is no exception. Apart from the money making factor, by mining on the cloud platform, the risk is reduced to a great extent. And cloud mining is a profitable mining method.

You did not give us one example of profitable cloud mining in which you've invested you just opened a discussion which I think is a random topic that you've got on the internet without dwelling on the advantages and disadvantages of cloud mining.
I could cite articles on the internet which stated that cloud mining is still profitable but I could also lead you to so so many topics that were and will be created on cloud mining being a Ponzi scheme in the scam section right here in Bitcointalk.
Don't just post that cloud mining is profitable to make money, there are also traps on so many cloud mining that you failed to include in your topic.

[janggernaut]

There were tons of scams in 2014-2016 era and many people unfortunately fell for this scam,it was in the mood back in those days.It was so much in the mood that some companies like Genesis come into play claiming they had their datacenters full of ASICS and GPU rigs in Iceland or some place similar don't remember now.They even offered real contracts but there was a clause there that if maintenance cost were higher than the revenue you would get kinda like 0 profit and your contract would be terminated,something in those terms which made a lot of people mad and also was the end of cloud mining once and for all.

Anyone asking if cloud mining is profitable in 2022 is only asking for trouble so better stay away for this.Even us real miners are mining at a loss right now,we that continue to mine,all others who don't believe in long term recovery of crypto have shut down their rigs.

Yeah that was also me. I was one of victim from ASIC miner. Not much, just around $10 back then on 2014 and i got like $0.5 in every week (just got for first 3 weeks, and then the ASIC miner turned scam, they said we must deposited more to able get weekly payment). From that i believe there is no easy way to earn money, or too good to be true.

cloud mining is a profitable mining method.

Yes, you are correct that it's a profitable method for those running/managing the scheme but for the plebs that pouring money hoping that they make a profit is a very different story.

Well i believe he is talking about from investor's side, which mean can we get profit by investing on cloud mining? Which is not, even recent news about Core Scientific, one of biggest  miner has filed for chapter 11 bankruptcy

[uneng]

If we judge the reports on scam sections about all these cloud mining we can easily conclude that they are all just Ponzin schemes, cloud mining was good back 5 years ago when mining was still profitable and scammers have not found a way to make cloud mining into Ponzi scheme.
There are few good clouding mining sites but earning is not guaranteed because its hard to guaranty profit based on the volatility of the market.

Unfortunatelly cloud mining has never been a good deal for investors. The difference is that 5 years ago people were more naive about this kind of investment and some companies had reputation on this field, because their schemes weren't exposed yet. The concept of cloud mining is useless since the beginning, as you will never be able to retrieve the same sum of bitcoin you firstly invested. On the moment you start the investment, you are already losing money. Income generated decreases day by day until reaching to zero, as it happened to many investors from Genesis Mining on their "lifetime" package.