There of a lot of people on this site telling you to purchase cloud mining contracts using their affiliate code. These people are knowingly trying to rip you off.
They will point you to bitcoin profitability calculators that show that you'll mine X amount per day, X*7 per week, etc. and that you'll recuperate your investment in a couple of months and make sweet profit for the next year or two.
Wow, sounds too god to be true right? That's because it is too good to be true. The vast majority of those calculators completely ignore the fact that the difficulty increases reduce the amount you make.
For example, look at the mining calculator here which doesn't take into account difficulty increases. It claims that for 1Th/s with no electricity costs or other fees you'll get:
- 0.00001135 BTC/hour
- 0.00027237 BTC/day
- 0.00190656 BTC/week
- 0.00817097 BTC/month
- 0.09941351 BTC/year
As you can see, the amount of BTC it claims you will make in 1 year is simply 52x the amount you would make in 1 week. This is a fundamental misunderstanding of how mining works and completely ignores the difficulty increases.
If you take a look at this old post of mine, you can clearly see the effects of difficulty increases that should prove beyond a shadow of a doubt to you that cloud mining isn't profitable.
Do not waste your money on cloud mining and just and purchase and hold coins directly.
These guys trying to sign you up with their affiliate links are knowingly trying to rip you off. The reason for this is because cloud mining is unprofitable and the only way to make money from it (as opposed to just buying coins) is by getting loads of people to sign up with your affiliate link and causing them to get ripped off.
These people are scum. They are knowingly directly benefiting from your loss. Don't fall for their scam. If you see people pushing their cloud mining affiliate links, flag their posts and post a comment explaining that they're trying to rip people off. Feel free to link to my post proving that or to copy whatever content you want from it:
One of these scammers is @foodnature who keep trying to bury the evidence of cloud mining being unprofitable. I've asked him to address the points made in that link but he refuse to do so and just flags my comments in the hopes that other won't see them. So, let's see if he'll address them here. I guarantee you that he doesn't for the simple fact that he can't because like I make absolutely clear in the above link - cloud mining isn't profitable.