Just read the newsletter in my email. Was the Arctic cloud hosting a joke? It's nowhere close to April Fool's. You can buy so much more BTC than what those hosting plans will ever buy at current rates.
A massive joke, indeed!
But have a look around. All of the other legitimate cloudmining operations are way overpriced too.
Lucky for them, they don't really need to sell contracts because they'll just mine for themselves. Unlucky for us, we'll never get an opportunity to continue mining once we shut down our @home rigs. Cloudmining will never make sense for people who are capable of basic math.
On a side note, my PBMining contracts that I started in the spring actually have a positive ROI now.
Although I don't see that happening for newcomers now.
On another side note, I lost 4.4BTC on the Lunamine scam. And I lost a considerable amount on CEX.io too. So I'm batting .333 on cloud mining ventures.
I mourn the days of lucrative mining hardware already. This sucks!
how did you lose coins on cex.io?
By buying GHs at higher price than I sold them for. Don't confuse CEX.io with GHASH.io. Same company, two different services.