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RE: Is Cloud Mining Profitable or a Scam?
Hello there and thank you for your informative post. I agree with you in the sense that I spent 0,6 bitcoin in euros for some mining contracts and did indeed make a profit. But if I however had just left the bitcoin in my wallet I would have made a much bigger increase in value than with the cloud mining service. In a sense the cloud mining service profits from the potentially huge increases in valuation more than you do as a consumer. This to me is troubling and therefore I have chosen to invest in my own mining equipment. Have fun out there and good luck with your future posts.
Thx