hey everyone,
is there any legit cloud mining service I can invest in right now? I mean something simple, not complicated with scripts or whatever. Just want to put some money in and start mining... is it worth it? Appreciate any insights.
tbh, most cloud mining stuff seems like a scam. if you’re gonna invest, try Bitdeer, I think it’s run by Bitmain but not sure about profits anymore. why not just buy your own miner? safer bet if you ask me.
yep, that’s the way to go. cloud mining is risky, most companies just fold or go bankrupt. I’ve been around since Genesis Mining started, and even their payouts dropped post-halving, which is pretty normal given the increasing difficulty.
I bought 4 PH of BTC mining on Bitdeer a couple years back when BTC was around 6k. made decent cash but now power costs are crazy high. honestly, HODLing BTC might be a better move. with the rising difficulty, you might end up with less than you put in.
used Bitdeer a lot before, but man their contracts are designed for them to win while you lose. last decent buy was an s19pro a year ago, finally saw ROI, but that was with crazy market dips helping. now power is way more expensive, returns are hurting.
cloud mining is a risky game for sure. best bet is to wait for BTC to dip, buy low, and just hold. forget cloud mining unless you wanna throw cash away. exit scams are a real thing here.