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RE: Cloud Bitcoin Mining: Is It Worth The Investment?
I have cloud mining contracts with a couple of operations and universally the decay in rewards has made them unprofitable. The only way you can make a profit is by referring others to either get a ongoing commission or mining power boost.
Thank you!
I had hoped somebody here had experience with this. I suppose it could potentially be a good investment if BTC rises fast enough, but it seems like a more likely scenario is to just break even.
I only took the smallest contracts to try it out. I used Genesis mostly with ETH dagger hash and X11 for Dash / XMR plus did a ZEC contact recently.