There is only 1 situation where cloud mining could be profitable. The price of Bitcoin has to keep going up, and it also has to exceed the difficulty increases. There is also a fine line between buying the contract, and just buying Bitcoin. If you buy a contract, and the price of Bitcoin stays the same or goes down, the contact will most likely be void within months. In that case you were much better off buying Bitcoin, and holding.
We bought a 2.5TH/s contract for $350 USD last year, and have earned about $1250 in bitcoin as of today(there is a small amount of referral income mixed in there). If we would have bought 1/3 of a Bitcoin instead, we would have about $1200.
You are better off buying the coin, and not have to worry about timing the market.
There is only 1 situation where cloud mining could be profitable. The price of Bitcoin has to keep going up, and it also has to exceed the difficulty increases. There is also a fine line between buying the contract, and just buying Bitcoin. If you buy a contract, and the price of Bitcoin stays the same or goes down, the contact will most likely be void within months. In that case you were much better off buying Bitcoin, and holding.
We bought a 2.5TH/s contract for $350 USD last year, and have earned about $1250 in bitcoin as of today(there is a small amount of referral income mixed in there). If we would have bought 1/3 of a Bitcoin instead, we would have about $1200.
You are better off buying the coin, and not have to worry about timing the market.
G/L