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.
you can crunch the ROI numbers on sites like coinwarz but accurately accounting for difficulty is a fool's errand.
my preference would be for short term gambles on newly launched coins---mine while difficulty is low, build a stash, and move onto the next coin. rinse/repeat. the coins that get listed on bigger exchanges and crack the top 200+ will pay off big time. and by focusing on low difficulty coins, your GPU rig won't go obsolete.
Isn't it simpler if you trade cryptocurrencies instead of mining them?
investing (hodling)? yes. trading is a whole other can of worms.