Despite the risk of scamsters, the cloud pool mining sector is essential in the community. There will always be a demand for Bitcoin network hashing power. In many instances, utilizing these networks is far more cost efficient than purchasing or operating your own rig. Even if your rig is part of the mining pool, you can still bump up your rewards by purchasing more hash power. It's for these reasons, cloud mining is set to remain a core product of the industry for the foreseeable future.
Thankfully its a lot easier to spot cloud mining scams than in the past now. You should always DYOR before you invest in any new technology. Cloud mining is profitable, but only if you do it right.
Thankfully its a lot easier to spot cloud mining scams than in the past now. You should always DYOR before you invest in any new technology. Cloud mining is profitable, but only if you do it right.