That is the way most people should adopt,those who cannot afford energy and are not willing like me to mine at a loss,they would be better to buy their favorite crypto in which they believe will skyrocket and use money that they would otherwise use on energy for mining to buy their beloved crypto.Personally I am mining at a loss,many consider it a gamble and that is what it is normally,I mine ETHW and hope the price of it to skyrocket.
Are you just mining a coin?
A suggestion is to mine several coins, to keep an interesting amount of each one, in order to stay in the expectation of some increase in value.
This can reduce the impact of some currency appreciating and not being the one you hadn't mined. So, if you mine a little bit of all of them, you're better positioned for the future.
I am only mining ETHW as a gamble and I believe truly a lot in RTM-Raptoreum which I have about 4000 of them already and doing about 25-40 daily,I think the team behind them is truly masterpiece from what I understand from their road map.I do this and I keep SHIBA,ZIL,Litecoin and I also keep my main one the Bitcoin so I think I am already stocked up good for the next bull run but since the next bull run I predict it to be on 2024-2025 mostly 2025 so until then I hope to have more.
As for ETH which betrayed all of us I hope only misery finds this coin which is doomed to fail,for other people who have ETH laying around I suggest to convert them to Bitcoin while the exchange ratio is still good or if they insist to keep it waiting for a recovery then doom is inevitable for them too.