i have read about cloud mining, i am really interested in it now. is that something you would try? looks like you don't have the hassle of building, maintaining, updating a miner, but you can just rent it from those who have comparative advantage: the cloud miners.
look, for example here's a review.
https://cloudmining.guru/wp/category/reviews/ the review is even comparing and ranking the existing services.
what do you think?
or is it a dead end? what's the general view on cloud mining services?
They charge you more than you will ever make.
Think about it, why would they sell you a dollar for 75 cents?
You just absolutely perfectly summed up cloud mining. +1
they sold me 737 usd contract in June of 2013 . I have collected about 400 usd contract ends this July. I will collect about 20 usd more. My loss will be about 300 usd.
As to making a profit at this the op made some poor choices. It happens. As you can see I made a poor choice with cloudhasher.
To all new miners I suggest buying 2 miners cost of .2btc from this seller. maybe you need a hub and 2 power bricks so lets say .25btc or 150-160 usd
https://bitcointalk.org/index.php?topic=629006.0 I also suggest taking .25btc and leaving it untouched in a second btc wallet. so you spend .5 btc total or 325 usd.
Then mine 1 of the 2 miners at an easy pool like bitminter.com
and learn to solo mine with the second miner.
Leaving the matching .25btc untouched.
visit your totals in a month and see what you have. do this once a month for six months. see what you have.