Quote from: Zelek Uther on November 25, 2014, 06:39:29 PM

Quote from: raskul on November 25, 2014, 06:15:07 PM

Quote from: Mabsark

you'd have the following costs for electricity:...

if it's done right, cloud could be a great thing. However, it needs 100% usability, and that doesn't come cheap, it's a lot of work... where one miner may wish to mine with hardware themselves and pay electricity at home/location, another may wish to mine on a cloud and pay the maintenance which is inevitably going to come with that - but either way, you still fund the electric costs, do you not?

Quote from: Mabsark on November 25, 2014, 06:06:23 PM

Here's some quotes from Guy:

Quote

Home mining is not going to be around much longer though. The big mining farms are making it so you cannot compete or get ROI. Whether we like it or not mining is moving to the cloud. There will still be some home miners, but not many and most will be in the cloud.

Quote

We believe that 2015 will be all about mining contracts. Mining contracts backed up by real hardware.

I agree with Guy.

the only advantage I see of cloud mining is that anyone can have as much hash-power as their funds can afford without the worry about keeping within the limited power draw for their mining place. Just because you are mining on a cloud contract, does in no way negate the electricity costs.

I'm content to mine at home/data-unit and stay within my limitations.

Also, home mining in winter helps reduce your home heating bill. That's an added benefit if you are going to pay for that heating energy anyway.

Cloud mining won't be around for much longer. If it was purely profitable they wouldn't be trying to get extra profit by on-selling the product. Cloud mining is just another way for those companies to make more profit. If it costs you too much to mine due to power, have it hosted somewhere cheap you can trust. As pointed out also, heating costs can be greatly offset with home mining.