A lot of people use cloud mining and make profit from it in such period of market.

Tell me, have already connected other coins for mining? I'm more interested in altcoins.

As for me, I prefer to mine altcoin in a different way, buy masternodes.

Masternodes used to be much more popular than they are now, although there are people who value it all.

I'm not a fan of masternodes so I can not say how much they are now profitable. But I think that popularity of masternodes really dropped.

Popularity fell when mining became much more complicated and video cards were massively sold on the market.

I think popularity will grow after next bullrun.

That's just unknown when it will be bullrun and how long and how inflated bull run will be.