it sure does. Any cloud mining is not using your resources but whichever provider you select e.g Eobot. Basically you are paying them in Bitcoin for the amount of resources that you want to use. Using Eobot as an example I would say that you should have a 100% return on your initial investment after about 2 years into a 5 year mining contract. This doesn't take into account the fluctuations in the coin price however I believe the coins (particularly the ones I am mining) will be more costly in the future so the return can obviously improve heaps based on that.
Eobot allows you to receive a free faucet reward everyday which you can get to mining. After day 1 you will have an amount ticking over for you which you can direct to more mining and it builds from there. You can effectively start from scratch and build up coins and mining using their resources with no initial outlay.
RE: Start Mining coins for free - awesome for anyone starting out