Can someone help me understand the point of cloud-mining and why anyone would buy a cloud-mining contract? For every one I've looked at, the cost of the contract far outweighs the amount of bitcoin that would be mined, so why do people buy these contracts?
The only way I can see it 'could' be beneficial is if you purchased a contract some time in the future at a fixed price, and by the time your mining contract begins the value of bitcoin has risen significantly and outweighs the cost of the contract - or is that the point, like some sort of gamble?
Just use the search bar and type cloudmining for sure you can see s many threads like this asking the legitimacy of those platform, Just avoid those kind of site sites theirs nothing gnna happen since its not beneficial at all the only thing you will gain is pure heartbreak since I'm sure after they collect the big amount target the error stuffs will starts and they will slowly leave their investors crying, so if you don't want to cry better leave and search for different realistic investment opportunity.