Cloud mining has been a heated topic recently. Some analysts say although the price of coins is going down, the price of cloud mining is rising in general. And some cloud mining providers have even run of stocks of their products.
To me the market a little weird. I think for the cloud mining industry to better develop, it should invite more competition. And buyers should evaluate the risk and returns in advance.
What is your thought on this?
The short of it is that cloud mining companies are businesses, and the goal of any business is to make a profit. As such, they have designed their services in such a way as to minimize the risk on themselves and transfer it to you. You, as the consumer, have little to no chance to ever profit.
transfer all risks to customers? then that is not a business. scale effect of the business can help to lower the risks which couldn't achieve by single customer.
if you have a big mining farm, you would have a more professional technical team to do the maintenance work. Might also lower other different costs. It is a win
win deal if it is a reliable company.