There have been Good Cloud Mining Companies, I know one that went out of Business that I was Using, and if You Mined DOGE on it (it was one of the Early Ones) You made a GREAT Profit, and I'm sure actually now if You Mined Ethereum on it then also, now those Ethereum are what, $1000 each? I remember when ETH was $7 as STEEM was getting Started, and it was Cheaper, but I remember Specifically when it was $7. So Buying Mining Rates for all of those were Extremely Cheap then. You just have to be Smart with the Cloud Mining.
There is no such thing as "good" cloud mining and just because a centralized shitcoin that were earned from such services got pumped temporarily you can't call it "good".
There are only cloud mining services that haven't died yet. They are either Ponzi scheme with 100% fake mining power from day one and scam people like any other Ponzi scheme would or they have some hashrate but because this business model is not sustainable (specially if they give "GREAT profit"!) they have to turn into a Ponzi scheme to survive a little longer before they die too.