Is Cloud Mining Profitable ?
Crypto Mining has been on the surge because if the benefit from it , especially earning from transaction fee. People who didn't have the money needed to set up Mining rig resort to mining through cloud Mining sites like Dual mine , Genesis mine , etc.
These cloud Mining sites demands that one pays for hash rate and will earn rewards base on the amount of hash rate he has. Most of these cloud Mining site have higher minimum withdrawal and for one to be able to make it faster , he needs to buy a higher hash rate.
Sadly , some of these cloud Mining sites are not legit. Many people have been scammed through it and are no longer comfortable with it. Some of them are still legit but the return on investment is quite very low.
Is there anyone here who has benefitted from cloud Mining ,do you encourage us to join cloud mining sites , if yes which one should it be ?