Quote from: BitMaxz on April 07, 2025, 11:41:39 PM

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.

I can agree with that.
Even the few "reputable" providers such as Binance or NiceHash are often just a loss-making business in the end if you offset the costs. With all the no-name cloud mining sites, it's almost always just scam anyway - deposit once and that's it for the money.

I've also seen enough of these "investment opportunities" that promise you golden mountains and only end up giving you a headache. Many people are simply dazzled by the beautiful dashboards and the "guaranteed returns" without realising that the business model is unsustainable from the outset.

With your own hardware, at least you have something in your hands. Sure, you need cheap electricity and have to know a bit about the technology, but you're more flexible in the long term - and if it's no longer profitable, you can always sell the box.

Cloud mining is like a hire car with a fixed price - you pay no matter how far you drive. Owning your own hardware is like owning your own car - more responsibility, but also more opportunities.