Whether Bitcoin mining is profitable is not a simple question to answer. With community discord that's almost as hot-blooded as the block size debate, one will notice that even after delving into digital currency technicalities for months, there is just no general consensus on the profitability of cloud mining.

For those who are unaware, Cloud Mining is the process of Bitcoin mining utilizing remote servers with a shared pool of processing power owned by a Cloud Mining company. It sounds extremely convenient, but cloud mining can become a bit of a messy deal given the concept's rough start.

We've heard it all before: companies disappear with user funds, paying out early investors once new ones join, and making a run for it weeks later, which leads the average investor from avoiding the common year-long contracts.

Or the argument that Bitcoin is too volatile to start with, making the profits highly unpredictable. The investment required for personal bitcoin mining is risky on its own, so imagine that risk compounded when trusting a third party with your money.