With ASIC prices high, more people are looking at cloud mining. But are any of these services actually legit, or is cloud mining still a scam in disguise?
There are still Asic miners that costs $1000 and are still profitable to mine Bitcoin, what are you saying? It is not the cost of Asic miners that make people to look for other options it is the cost of their electricity that makes them to look for cloud option and unfortunately cloud mining itself isn't profitable anymore.
It is better to forget mining if your grid power bill is too high, find other ways to earn passive income per day, or spend money on green energy for mining purposes only, there are many people that can afford to spend thousands of dollars on cloud mining but they can't use the money to buy Asic machines, it's the grid tarrif.
Cloud mining is now considered a scam because it's been years since they are operational last, now there is no way you can make profit from cloud mining without getting scammed in the end.