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.
When I got my First DOGE it was here on Bitcointalk in a Thread where People said "POST YOUR WALLET AND GET FREE DOGE", these Threads are now not allowed because it Fills up the Forums with just Wallet Addresses which aren't Good for SEO, Storage Space, or any of that. And they were giving out like 50,000 and 100,000 at a Time.
Those are $0.20 Cents now. And what is it, 50,000 in a Block? If I had been Cloud Mining DOGE since then, I would be Rich.
And if You Cloud Mine a Good Coin, You can get those same kinds of Returns, that is just a Fact. I never thought DOGE would be 20 Cents when I was getting the Free 50,000. And that is just like You now. You're there now.