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How's the cloud mining going?

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Lots of people bought from genesis before, but then I heard big sites like CEX.IO found it wasn't profitable enough since btc drop to carry on with their service.

http://www.coindesk.com/cex-io-halts-cloud-mining-service-due-low-bitcoin-price/

So the question is, what's going on with cloud mining now, or has it all come to a halt?

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I know it's not the same thing, but the mining contract shares on Cryptsy have been steadily going up in price lately, their payouts are pretty consistant even after costs are taken out. Seems weird that they seem to find it profitable enough to carry on.

 

I know if i buy some though, the price will drop - it's just the way things work for me :D

 

K.

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I know it's not the same thing, but the mining contract shares on Cryptsy have been steadily going up in price lately, their payouts are pretty consistant even after costs are taken out. Seems weird that they seem to find it profitable enough to carry on.

 

I know if i buy some though, the price will drop - it's just the way things work for me :D

 

K.

Profitable for them, someone is going to lose out here!

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Profitable for them, someone is going to lose out here!

 

Someone always does, Cryptsy did alright out of it all, the price is down to a fraction of the original IPO price - so Cryptsy are sitting on a nice pile of profit, while everyone who bought them are just lucky if they hold them long enough to break even.

 

K.

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Someone always does, Cryptsy did alright out of it all, the price is down to a fraction of the original IPO price - so Cryptsy are sitting on a nice pile of profit, while everyone who bought them are just lucky if they hold them long enough to break even.

 

K.

What's their new service called?

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Are you reffering to 'Mintsy' - which i believe to be a cloud mining service of sorts?

 

K.

Yeah, is it out yet or still in beta or whatever? Still waiting for storj too...

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