Is Bitcoin cloud miners legit?

While most cloud mining sites are a scam , there are many that actually work, gauged on the profitability, fair pricing, and actual payouts on their contracts – as long as you can purchase profitable hash rates with them.16 Mar 2022

With today’s difficulty rate but much more advanced systems, it may take a solo miner about 10 minutes to mine one bitcoin. The average rate for most miners, however, stands at 30 days.

Cloud mining service solves those issues for you. However, cloud mining can also be somewhat risky . Many are not profitable for the durations specified in the contract and can leave purchasers of these services losing money, in some cases, over the long run.

Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin , using rented cloud computing power and without having to install and directly run the hardware and related software.