Hi
As title says... is cloud mining worth it? do you recommend any cloud mining website? (mining bitcoin)
Just trying to get my head around things.
Thanks!
If i were you i wouldnt mind to waste my money and time on those sites. Its better to hold your money that to invest those ponzi schemes . Cloudmining are just scams in the long run and not profitable. Its better to run your own mining farm then for sure it would give you decent amount of profits unless if you have cheap electricity on your county.
Actually mining bitcoin still give you benefit but you need to sell partly to pay for the cost of electricity and the remainder is held for sale when prices rise.
What I am understanding from your statement is, cloud mining will not be profitable with the respect to investment amount and its returns for present days. But, after holding for some longer periods, the rewards from cloud mining may worth more to to get us profits.