Remember the good-old days? The days where you could purchase a cloud mining contract and receive a share of the block reward without the need to set up hardware or software? I mean, most services were scams back then, but the concept/idea was great. At the time of this writing, only a few legitimate services remain. I'm talking about NiceHash, Genesis Mining, and Mining Rig Rentals.
I wonder if cloud mining is still worth it in 2025? The market is somewhat-bearish, so now might be a good time to mine BTC and a few PoW altcoins. Don't you think?
The concept was indeed good and "profitable" in some cases but back then was easier and cheaper to do this. The price of BTC or LTC/ Doge wasn't in the prices that we are facing now and this has a huge impact on the so-called "cloud mining" providers and to people who wanted to get some coins and "feel" how to be a miner. Not to mention electricity cost, miners cost, etc. Now, it sounds more like a dream.
Even if it's not a scam (which we all seriously doubt), their prices for everything it's outrageous. You can't make a profit out of it, that's for sure.