Crypto cloud mining question

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Hello to all Steemians. Everyday I hear about cryptocurrency cloud mining and I am wondering:

-Is it profitable?
-What it takes to mine a crypto coin (Steem, Ethereum, bitcoin etc)?
-Do you have to own equipment or companies that I have heard do all the job?

I want to read your opinion and especially from those who have been in cloud mining.

Crypto cloud mining question | Ecency