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?
Personally I have never found a legit and trustworthy cloud mining, all I found were scams and seemed promising when in fact they were just trying to find a target victim by making a deposit, instead of getting profit the victim only experienced losses for several reasons such as no payment or even the disappearance of the cloud mining service. You should avoid services like this. I prefer to mine Bitcoin on a pool or use the referral system on a trusted mining pool site to get profit, rather than trying cloud mining.
You're right cloud mining has become a too in the hands of scammers as many people has lost money mining crypto currency from these so called remote sources that cloud mining offers, it has lost followership because many people has gotten scammed in the process and there eyes are now open to reality on ground