Great article.
Let me rephrase the question like that:
Assume someone wanted to invest $1000 in crypto.
Would it be more profitable to trade altcoins, or to buy a miner and let it mine altcoins?
Some coins are quite difficult now, as you mentioned, and would be a waste of money trying to mine them. Some are still feasible.
The huge profits usually come at times of price spike, so he/she needs to sell only at those times. (most of the miners sell at once, converting either to btc or usd regardless of the current price)
in short mining is less risky than trading and can produce decent profits in some altcoins, e.g cryptonight and equihash algo coins, but trading in general would be more profitable, and more risky.
RE: Does Mining Cryptocurrencies in 2018 Make Sense? Is it Profitable?
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Does Mining Cryptocurrencies in 2018 Make Sense? Is it Profitable?
See that's the catch to all of this. There are so many factors involved and no one knows what's going to happen. Either strategy whether thats investing in a miner or investing directly into the alts has its risks... Both being profitable or advantageous when the markets are good.
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