I dont understand, the scam platforms indeed disrupted the good development of this market. That led more and more investors choose to buy coins not cloud mining even though the cloud mining is more stable.
The whole mining market is not a stable one. Cloud mining also takes part of that instability. How can you define it that it's more stable?
As i can't also get the point of how cloud mining is popular in China. Do chinese users uses platforms that we don't actually know? Just for discussion and not for promotion, can you state a list of reputable cloud mining farms in China with some proofs of credibility ?
Cloud has the worst reputation in this forum and it would be hard to build a business without enough garantes.
Why do i know the cloud mining is popular in China? because we are a China-based mining company. There are lots of cloud mining platforms in China now, like Bitdeer, OXBTC cloud mining, Hashnest, Hashbox, also many others that have no English names.
About "stable', i mean the cloud mining is more stable than buying crypto.