Quote from: caga on November 30, 2014, 01:34:37 AM

Quote from: Megabit monster on November 29, 2014, 05:08:30 PM

My hashlets over at GAW miners are making .00000001 BTC a day. Thats 150MH/s for one satoshi. Cloud mining is busted imo, unless its just GAW.

Maybe you need to upgrade your plan. I am not sure, how profitable mining can be, but it does seem, that cloudmining will be generating more returns. Can someone explain why does buying hashing power through cloudmining not a good strategy?

I like hardware myself. If cheap electricity it can be a good idea. At the end you own hardware, most cloud mining you own a certain MHz or GHz not a miner.

Some cloud mining is great i'm sure for some(depending on the site).