Personally, I'm investing in LTC, mining BTC on nicehash, and mining Doge on Eobot. And that's in addition to my Steem. I figure that's a diversified enough platform to start on that I'll be able to work with it.
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I haven't used nicehash before. How profitable is it for mining BTC or LTC?
Back before the crypto winter started, it was quite profitable for my measly little GTX970 at the time. If you're unsure as to how well it will work for you, you can always check their profitability calculator to see how your GPU/server farm will hold up. On my newer computer, I get 0.001BTC about every 5 days. That's running both my CPU and GPU for mining, and keeping things nice and cool.
For reference, I'm running a GTX1080 and a Ryzen 5 2600X, and I get about 0.00018BTC/day.
Thanks, for the info. I think my electricity costs are probably too high right now to make mining profitable, but I'll look into some legit cloud mining services out there if any of them still exist.
And if you're looking for cloud mining, Eobot is one of a select few legit mining sites. Obviously, that comes with the caveats of long term planning, no get rich quick schemes, and waiting, especially if you're American. American customers cannot purchase mining contracts of any kind, so we have to rely on their faucet and other shenanigans for hashing power.
I'm still growing well there, though. If you want to check them out, use my referral link: https://www.eobot.com/new.aspx?referid=1402007
And my DMs on Partiko are open if you have questions.
Honestly, I'm mining now because it's not profitable. People aren't mining, so I have more opportunities to earn more. Once prices go up, those coins will be worth the cost of mining. Since I'm hodling like crazy right now, it doesn't matter to me if the coins aren't worth the electricity spent. I'm sitting on 0.007BTC and I'm gonna ride it to the Moon!
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