That's true. I believe in mining a fair quantity of variety of coins giving the options in future to get good rewards.
Although CPU mining is possible, but will be much slower that GPU mining. Even if you get one nice card, you will get a lot of profit than CPU mining. So in my case, I bought a nice card to get better profits. Still in testing phase, so lets see how it works out. :)
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What GPU are you using, if I may ask?
You didn't seem to have trouble in buying one(?) I'm in Malaysia and GPUs are in short supply. When they are available, sellers would ask for a rather high premium. There's an online business of unoffical `resellers'. These guys would buy as many GPUs as they can with the sole intention of selling these to others.
Its a Zotac GTX 1060. Had to buy a new one. Already lost a bundle trying to purchase them second hand (fraud sellers). Its not exactly great, but good enough to mine newer coins.
Can't mine ETH with this card.
you can. there is even a claymore dual miner for nvidia. so you can mine ETH and SIA at the same time for example. or any other coin with equihash algorithm. dont want to post the link here... miners are sometimes trojans and i dont want to spread this. never tried the nvidia version, amd works great! cheers