Hey guys i'm wondering if it pays off to mine cryptocurrencies nowadays. And if it does how much time does it take to pay off equipment and electricity.
mining cryptocurrencies is going to always be profitable unless that cryptocurrency has a gigantic drop (like losing 90% in one day) or drops to zero. that is how they continue living.
a better question would be "is it profitable for
me?" and to answer that you first have to calculate your own costs. the biggest one is going to be your electricity cost. and that depends on where you live. other costs include maintenance, cooling, and the initial equipment cost. good news is that there are a lot of mining calculators online that you could use.
https://whattomine.com/https://www.coinwarz.com/cryptocurrencyIsn't it simpler if you trade cryptocurrencies instead of mining them?
that depends! are you capable of trading? do you have any experience in trading and experience in trading cryptocurrencies?
if yes, then the answer to your question is also yes, trading is a lot simpler than mining but if you don't have that experience then trading is worse and you can even end up losing a lot of money.