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?
As someone who's been in the crypto space since the early days, I'd say cloud mining in 2025 is a mixed bag.
The legitimate providers you mentioned do offer convenience, but their profitability margins are typically razor-thin when you account for their fees. The math rarely works in your favor compared to direct investment in crypto.
With the market in a bearish phase, mining difficulty hasn't dropped proportionally to prices. Most cloud mining contracts end up being more expensive than simply buying and holding the asset.
If you're strictly interested in exposure without the technical hassle, consider spot investing instead. Cloud mining's main appeal is simplicity, not profitability.