Hello steemians, did you ever invest in cloud mining? Is it profitable to invest in it?Well today I'll try give some ansvers.
Generaly mining is almost everytime profitable,but there are dozens of cloud mining services which are offering different opportunityes so it's hard do tecide where invest without any investment before.
I invested some money in hashflare.io which was one of oldest CM service which is working almost 4 years, but was it worth it?
My investment in hashflare was 700 000 sat, I bought 12 MH scrypt mining and it was giving 4000 sat every day, but this mark was decreasing and now its aprox. 2500 sat/day so it's not to bad cuz BTC price but there is one but, you are buying hashpower for one year, that means after year you will loose your invested money and that's not good,any way you will return 1.5 - 2x your BTC investment so it's worth it,if you are buyng hash power with USD or EUR it's definitely worth cuz you always get more profit with usd then with BTC