Post
Topic
Board Beginners & Help
Merits 4 from 1 user
Re: Here’s why Cloudmining or hosted mining is not profitable
by
BitMaxz
on 07/04/2025, 23:41:39 UTC
⭐ Merited by mikeywith (4)
There are few currently legit cloud cloudmining that I know of. Binance, NiceHash, and MiningRigRentals are the ones that are giving rental hashrates, but still it's not profitable. Even if they are legit, it's still not profitable. Any other cloud mining services or hashrate provider than these known cloud mining are scams. I haven't heard of any new cloud mining sites that you can trust most of them are scam.

I've been scammed by many cloud mining sites. What I can say is none of these, even if they're legit, it provide me with negative profit than mining with my own hardware.
I've also invested in many investment sites before that I thought could give me a fortune, but at the end, it gives me frustration.

I don't know why many people still believe in cloud mining; legit or not, it's not profitable. Having a mining unit is a better option, plus cheap electricity. I am sure you will make a good profit in the long run, and it is safer than cloud mining because you have the hardware, and you can resell it if it's not profitable anymore.