Is Cloud Mining Worth it in 2021?

Is cloud mining worth it in 2021? Is cloud mining profitable in 2021? Should you purchase cloud mining contracts?! Cloud mining with everyone was super profitable in 2017, as cryptocurrency was on a crazy bullrun but after the market cooled off many people called Genesis Mining a scam and HashFlare a scam because when mining was not profitable they simply cancelled their Bitcoin cloud mining contracts, Ethereum cloud mining contracts, and Monero cloud mining contracts. OXBTC is one of the oldest cloud mining companies and are associated with Pandaminer who build their own custom GPU mining rigs which power a lot of their Ethereum mining contracts with the Pandaminer B3 and the Pandaminer B7. OXBTC offers BTC cloud mining and ETH cloud mining and what is very surprising is that they also offer Filecoin cloud mining which has become incredibly popular and profitable in China although the cost to build Filecoin mining rigs can be very expensive.

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⏰ Timestamps ⏰
0:00 Is cloud mining profitable in 2021?
1:33 GPU & Crypto Mining rig profitability
2:55 Is OXBTC the best for cloud mining in 2021?
3:37 PandaMiner B7 and Cloud Mining
5:43 Filecoin Cloud Mining
6:45 What does Cloud Mining cost?
9:09 How to use OXBTC
10:26 How profitable is cloud mining in 2021?
11:24 Did I make money Cloud Mining?
13:06 What are your thoughts on OXBTC?

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#Cryptocurrency #CloudMining #VoskCoin #oxbtc #genesismining #hashflare #filecoin #fil #mining #cryptomining #filecoinmining #crypto

[madison]

It's not just for lazy people. People who live in warmer climates or places with high electricity cost will find this easier too. Remember you are building and maintaining those rigs which is time and effort on your part.

[insiderinside]

You didn’t demonstrate the value. Is it worth is it. You just gave a tour.

[iirekm]

It's not question whether somebody want to build a mining rig, but more if he/she can. Electricity costs in many areas, and not everyone has a big garage or something like that to keep noisy machines.

[ΣπυροςΓιαννας]

People plz don't do cloud mining many people have been burned

[pisicanera]

My personal experience with mining and/or cloud mining is that when you put together the costs of the materials, electricity and / or the costs of the mining contracts, its just better and easier to buy the asset and set some sell order at some obscene values :)

[rickskynight]

Not lazy, just live in a desert, and want to keep my hearing.

[BarnHwk]

I've seen the same concept with oil rigs. A company looking for capital asks for money from investors for a slice of the earnings from an oil rig, since most people can't just throw up an oil rig in their backyards and make a profit, or even strike oil. They retain profit from that purchased oil rig as long as it keeps producing oil and the company doesn't tank. It seems like Cloud mining is similar with less risk, because you KNOW the rig is going to produce.

[lifesports]

Vosk love your vids bro. FYI for me personally and I’m sure for many others, it’s not about being lazy lol but more about just being totally ignorant to the technology. Bc like you said miners are EXPENSIVE!! And I’ve read too many blogs where even the ASIC miner is not recommended for the inexperienced types like me! So thank you again for this VID bc cloud mining looks very very interesting!! Thx again

[KR-zeoh]

Better off staking eth 2.0 in a pool and getting a passive income

[joelvig]

no, no, no, no cloud mining is a scam... unless they let you remote into the mining rig. Otherwise it is a sssccaaammmm

[Blood_fallen]

Please can you recommend 2 cloud companies or sites?

[pinnedcryptosrus]

People will be kicking themselves in regrets in few weeks if they miss this opportunity of buying and investing in Bitcoin (Cryptocurrency)

[schubi]

I like the loud Computers in my House, it keeps me warm in Winter not only for free but I get even paid for it.

[danielwilcoxen]

Right now - would you buy a Coinmine One, a Bobcat 300 or get involved in Cloud mining. Just starting out, appreciate the thoughts

[Drey-Hobbies]

If its sketchy then why is Vosk covering it ?

[zilvinaszuravliovas]

U cant mine in Germany. Electric > profit here

[flairelizabeth]

In few months time or no time people will definitely kick themselves in regret for Missing the opportunity to buy or invest in cryptocurrency

[Bill-NM]

I live where electricity is 24 cents per kwh. So perhaps cloud mining would be more profitable? I wonder where the break-even point is?

[dlang]

Hashflare scammed me and several of my friends a couple of years ago.

[bigsmokcrypto]

The terms and conditions sounds like an exit scam. Whateva happened to Eobot