Quote from: TheBeardedBaby on January 31, 2022, 01:22:16 PM

I've always wonders what is the point (profit) of all that cloud mining and if the price goes down who's gonna mine at all on a loss. I never though about the price goes up scenario here.

You can also bet that if the price goes down other miners would fold before your plan starts losing money so you make money even in a bear market, but that is one huge gamble and it's more on testing the company to not f*** you over as phil said.

A perfect example on how probably the only still legit company is screwing its customers right here, you can check the bitdeer plans and you're going to see:

t first nothing wrong but I was rather surprised the plan is still making that much taking into account the change in price and difficulty, so I went to the archive and surprise:

Despite the t19 being less efficient than the s19 suddenly both the rent cost per TH and the electricity cost per TH, have gone down!
From 9.37 + 8.10 cents to 8.53 + 6.75, just to make the plan more attractive.
Fairly obvious that they were simply charging extra before, fleecing the customer as much as they could.