Quote from: slaveforanunnak1 on October 05, 2014, 07:25:40 PM

NO! Just NO! Mining days are over and so called "cloud mining" is just a scam to hook N00bs.
with the current prices, you will be WAY more profitable if you just buy BTC.

Quote from: Sheldor333 on October 05, 2014, 07:59:51 PM

Simple, don't do it.
Explanation: Do you think cloud companies would sell you their services for lets say 50$ a month if they can earn 60$ a month mining with those same equipment? Of course they would not.

Quote from: mnmShadyBTC on October 05, 2014, 07:55:26 PM

Cloud mining is generally overpriced and will not be profitable for customers. In order for you to profit from cloud mining the rate that difficulty increases will need to slow dramatically.

Thanks for all the replies. Going by what most of you have said here cloud mining isn't the way to go . So I would like to know what methods you would suggest for making profit through bitcoin. Would bitcoin trading (bitstamp) work ? I need some advise on what would be profitable.