Hello people
i have solar power installed in my house and lets say i have about free 500w that i can spend to a rig (with more than 500w i would spend more than i produce)
i have two options
A) i can sell the extra power that i produce back to the electricity company thats about 1000smth euro per year or 100-120 per month and thats a stable profit
b) i can use all the remaining free kW to mine something
what would you do if you were me?
thanks in advance
Follow step A if that option is available because that's sure profit. You can always use that stable profit to purchase crypto currency instead of investing directly on mining that doesn't give you a sure profit. The migration of ETH from PoW to PoS removes the possibility of stable profit on altcoin mining since the rest of the PoW out there is already a gamble(except Bitcoin) because altcoins value is very unstable and volatile to the downward movement.
Buying crypto will makes you avoid the risk of owning a mining rig since it requires a proper care and maintenance which is just a waste of investment if your rig broke down after few months of mining.