Hello,
I have some Bitcoin and I wanted to make them useful.
I am thinking about using a cloud mining provider to earn money with my bitcoin safely.
But is cloud mining really profitable ?
If yes, which cloud mining provider can I take ?
And in which pool should I mine ?
You can usually start with quite low sums of money (starting from $10) and still make a good return on investment.
Then, if you make things right, you will also get a nice return on it, similar to Bitcoin lending.
You also need to be careful with fees on these websites. Anything that lowers your payouts will compromise your chances to break even,
Be sure to get the lowest price possible on the Bitcoin mining power and choose a website without fees.
Finally, you have to be very careful about scams around cloud mining. Even more than other Bitcoin websites, cloud mining is well known for Ponzi schemes.