Great question. Everything I've heard so far has led me to believe that the most viable way to mine anymore is to get the best gpu you can, join mining pool, and mine an altcoin you're interested in that is still cheap and has a low level of difficulty
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I am kicking my self because I knew about this back with bitcoin was like less then $50 each. Now I cant touch one for less the 4-5k lol. I will keep my eye out for low lvl difficulty as well.