Anyone tried cloud mining?

[PurpleStar]

How effective is it for getting money? I'm thinking abour trying it but I'm not sure if it's worth it.

[lolgubstep]

High competition, low output, not very profitable.

[Jaecynn]

I threw a little bit into ETH mining on Genesis just to see what would happen. The daily earnings declined at a steady rate to the point where I met their minimum payout threshold once (so they sent ETH to me), but will probably not reach it again before the contract ends. Luckily, this was last summer, and the price of ETH ballooned since, so I made my money back and then some.

[Deleted]

What is cloud mining? Does it involve collecting orgone?

[Bloky]

Unless it's an investment on a high potential coin not worth at all.

[Stormspark]

But...won't the mining pick just go right through the clouds?

Ok, that was bad, but I couldn't resist.

[bitcoinmaster01]

How effective is it for getting money? I'm thinking abour trying it but I'm not sure if it's worth it.

Well, it depends what type of cloud mining you are going to risk into! It's same as gambling too. Just let me clarify, you have to take some reviews about trading currencies and research thoroughly online whenever you want to risking your hard earned money.

[Deleted]

I lost 100 $ and decided that this type of mining is not that good