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There's something fishy about mining on somebodyelse's machines and not controlling the hardware, the software and the performance.
Also, mining is an industrial activity that requires lots of investment and strategic partnerships. My guess is a good chunk of "cloud mining" profit comes from fees paid by the "users". I think buying sats is cheaper and an overall better alternative for regular joes.

Can anyone point me to materials telling me my suspicions on cloud mining are wrong?

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