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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest

If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high


altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity

It's a good choice for you. But have you considered going back to the mining when you feel the altcoin season is done.?

that's the best choice. If you are a small miners and you have no choice than sold all of your mining rigs and use the capital return as the main way to get more profit from the market.
Everytime the difficulty will increase and if you are not adding more and more mining rig and you will get nothing from your mining activities.
This time those who have bought ripple last week can get 100% return instantly.

You made the best choice OP, you can still go back to the mining thing once you made enough money from altcoin this year or next year, I'm sure you will be able to buy better miners that will last you for years and also have some money left too, I like the fact that top altcoins are your choice, XRP is already very bullish right now and bitcoin is still going over 19,000$

Yes, mining is only suitable for a business in a dedicated facility to be profitable since you will get a special rate for electricity and the hardware (if you purchase in a large quantity). I used to try mining, but the ROI was not good, and the hassle of maintaining the rig was too much.

Selling hardware that still has some salvage value certainly a good thing, but it is also a difficult decision. Who knows if the hardware price will skyrocket just like the last alt season?

You made the right choice. And if you believe that this is something that you will never regret in the future, you have nothing to worry about yourdecision anymore. You have made the right choice by realizing that you can have more profit if you will take advantage of this altcoin season, you can really make more money as long as you have a lot of invested altcoin than mining as of now.

Mining ROI is only good if you have free electricity but still not close to the benefit one can get from altcoin season, OP made the right choice to invest in top altcoins instead of buying new miners right now, he will be able to afford new miners later and still have good profits in hold, he is a wise man and I hope others learn from him, to get back a ROI mining with GPU will take you a whole year and half while altcoin season will only be around for few weeks or two months judging from 2017

I think your decision was very positive to succeed in the altcoin season, and what has happened over the past week, you can most clearly see in the top 5 where XRP has increased by more than 100%. That is a very good sign for altcoins, there are a lot of coins going up and going up.

I think that's a good choice. For what I think right now it's better to take advantage on the altcoins season than rig mining. Well I didn't expect that the altcoin bull run will be this quick I was hoping that it would continue especially the XRP.

a wise choice and everyone has the right to make their own choices.
We know that some altcoins or even BTC will hit the new ATH in time (only a matter of time).
and after ETH changed its version to 2.0 I think mining is no longer needed because it has used a POS system which is usually POW.
a little advice from me buying BTC is also not a bad choice for now.

You did well, that's a good step to make more money from this bull run season, investing on top altcoins now will surely yield good profit with time and before the end of the year, you will definitely be smiling at your income.

I personally think that's the right choice considering a small individual miners nowaday don't make that much anymore not to mention big coin like ethereum which usually is preferred to mine now switching to POS. Just switch over to staking instead of mining you will never think about maintenance, electricity or any of that kind.

Also everytime new GPU which produces higher hashrate comes out there goes your portion of reward it's just not viable option for small miners.

Without mining atleast you won't think or get stressed with all the technical things.

Yes you made the right decision, you are not only saving time and electricity but you are also saving worry because there's no money to be made anymore in mining if you are a small-time miner, some other miners right after the halving sold their mining rigs and turn to buying coins instead, it's not yet late to do what other miners are doing now, especially now that we are in the bull market.

buying top altcoins like XRP, LTC or Ethereum is indeed a good choice,
when the price of Bitcoin goes up, the top altcoins will also go up, and look at the fact that top altcoins go up high,
even XRP is up 100% more.

if that is what you say so. isnt mining a co tinius earnjng than investing to altcoin which you have to wait to profit. the bullrun isn't going to make altcoins shoot up over night. you will still have to spend every day too.

i hope you have sort other source of income other than mining. because holding altciins will take months to wait substantial profit.

It's definitely the time to invest on altcoins instead of mining altcoins, if you are smart you'd know that it will take you days to make insane ROI if you invest on top altcoins compared to mining 24hrs with electricity that won't make a difference until you recover your ROI, that's gonna take you a very long time and there is a chance that your miners would die in the process or become obsolete

i'm not really sure about mining since i'm not into that field. i'm not sure which can we earn more mining or trading? so i'm not really sure if your decision was right or wrong but as i can see you think it's a good choice then that's really good to know.

It would have been a different case if mining is becoming more profitable as the market is growing day by day but unfortunately the gains from mining stays the same, in this case it's better to sell off obsolete miners and graphics card and buy some promising altcoins instead, leave mining for later, that's the best move right now

In my opinion, the steps you take are good at making the best choice, especially considering the current developments it should be to buy the top altcoins that are experiencing a significant price increase in the crypto market.

I like what you did with your mining rigs. You can use the money to buy any coins you mention before that coins in your list will increase. With the altcoin in your list, you can make a profit, especially if the altcoin season will come to us so soon. You will see that the altcoin will increase one by one, and many of them will give you a profit.

"If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high"

Disagree with you !
Today is a completely different situation, 2017 was just a hype.
Because of the pandemic, hotels, cafes, factories are closed, planes do not fly, and businesses lose billions.
Cryptocurrency is a new market where you can wait out the financial storm.

That's not really an easy decision since you might not know when will the bull run for altcoin will last, but your really brave for you such rigs. I hope you will at least recover your investment and it's much better if you managed to get profit out of it. Good luck to you mate!

The choice has been determined, whatever the risk you get, has become a common thing in crypto, if you want to get big profits you must be prepared to accept big risks as well.

i am sure you already made right calculation about this decision, mining really required many monthly cost and if we have no reserve money ofocurse we will sell our coin from mining, meanwhile if we hold it for long time maybe its profit bigger than hold altcoin. but it been your decision and i am sure it will be worth while altcoin season coming.

that's a good idea but if I were you all I would do was buy a solar panel that could support my mining rig's electricity so the cost of electricity is 0
I really understand why mining is no longer promising because the cost of electricity which makes profit is very small but without electricity costs, the profit will be maximized

You have made a very wise and wise choice, because now is a good moment to buy some of the top Altcoins so that you can take advantage of the price movements that are happening in the market for some of the top Altcoins, I think this is a very smart thing not a thing stupid.

I agree with your idea. We must take advantage of it when Bitcoin comes back as in 2017. I am also thinking the same as you when first falling in love with the more potential altcoins. Christmas is coming, Covid 19 is happening. The best way to invest in Altcoins is when Bitcoin is too valuable, we cannot buy a lot and make a profit from it. Maybe a new year comes with lots of luck for our crypto and Altcoins which you mention.

If you already know that investing more into your mining equipment it wasn't something you was prepared to do then I think deciding to sell it all was a good decision. Mining is expensive and nowadays individuals have to compete with entire hardware companies - not that fair - bu this is the current playing field.

Re-investing that money into alts is not a bad idea but if you think that it suits you then you can never say that you went with the wrong choice.

Alts are now picking up like crazy, so having done what you did at this time, was a good call. Plus, you already seem to be aware that the alts season won't go forever, so as long as you're preparing for that, I  don't see anything wrong with this decision

indeed the best choice is to buy the top altcoins to be used as an investment, moreover,
all of them are still in the recovery zone, or still at the bottom when compared to prices in 2018,
if bitcoin dominance drops to 50% it is certain that top altcoins will increase.

It's true that the altcoin season might not be around for a long time but Bitcoin isn't done yet, if OP can get in fast he will make some profits before altcoin season disappears, even if there is no altcoin season I just prefer buying POS (proof of stake) coins and stake them through trust wallet or Binance exchange, less stress and easy money making than mining

That's a very risky decision but it clear that altcoin season will bring good profits, you can make higher ROI investing in altcoins but I won't dare sell my miners because of altcoin season, when mining will become profitable again is unknown,  few weeks back mining became profitable, it might be back again, if it's a must to take the risk you could have sell some parts of your rigs not everything

It is true, there is no job without risk, because big work is definitely a big risk and for people who are not ready to take risks, then don't try it, because getting profit without thinking about risk is a waste.

but have you bought all the altcoin bags you want overnight? I think you're in a hurry after seeing the altcoin pump this week. But I don't forbid you to do it, moreover you have a good investment list plan, it's just that in the last 24 hours the alcoin market had a dump. maybe if you still have some money left, then take the opportunity now.

This is a nice move investing in altcoins to make profit than mining rigs of your choice. Some of my friends already sold their equipment due to not worthy and not profitable. Investing in the top altcoins when price is not yet high is a wise decisions. As what others been saying, invest on what you can afford because market is volatile. The market is in red marks so good opportunity to shop and hold in your bag.

I invested in Altcoins at the right time so got a very good profit.
There are still a lot of Altcoins that I think have time to invest.
Such as SOL, DOT, NEO

It was a good decision as long as you are investing in a right coin wherein you are gaining profit and not incurring any losses. I do not suggest mining rig anymore because of the other expenses like electricity and many more. In terms of investing it in altcoins,  you just need to have a lot of patience.

the best choice if you only have a small RIG because the costs for mining are very expensive,
maybe your choice is the best to invest in an altcoin that stands at the top of the ranking,
you just need to take advantage of every best moment to buy and sell it,

If you can always take advantage of the right time to invest, then you are a lucky person in terms of spending your time, and now there are indeed many good Altcoins that can be bought and then invested in the right project, but be aware must remain because fraud is still rampant inside crypto.

yes my choice is right so may Times my desition is 100% right i know so many information about crypto currency and i konw technical analysis and I don't have any panic on market then I am getting finding good projects and money invested and received very good profit

There are still much scam projects around the digital world, without be told the world of digital currency has the good and the bad, with care in selection the cryptocurrency is the best. These selections from OP are the best in my opinion becasue some of these coins are in my portfolio and some made me good profits and would still buy them if opportunity arise again, most especially the Chainlink.

Maybe it’s a good decision because market is on good move although we have seen significant drop today. But if there’s a long time bearish season, you may regret on your decision because you may have to sell on low price with panic. I would rather prefer keeping my rigs and mine some coins with potential good future.

I have some friends in the fb group who have also sold their mining rigs but they did it about a month ago, I'm not sure if they also sell their mining rigs for the same reasons as you do, but what is clear is that they do it because the results of mining are no longer relevant. Hopefully they won't keep their money too long and pick the right choice as you did.

Only you can boldly say that you have made the right choice; no one else can say that on your behalf. Do you know why ?
Because no one else where there when your set up your investment hub, you did not disclose in your thread when  you bought or got your rig; Neither did you state your selling point or when you took profit.

Nothing lasts forever; but the altcoin season will come and go and bring profits at those intervals; key question is do you take your chances.

Since the rigs aren't profitable anymore you have no choice than to sell, even if there is no any bullrun currently its still a better idea, to keep mining for good profits you have to constantly upgrade your mining setup to current rigs, you did the right thing, also don't forget to have a price aim for the altcoins you buy, do not allow greed to consume you.

Right choice is up to you if either you will recover losses or you will end up with crypto,since bull run Starts and many projects are now profitable and also eth pumping continues to rise this is the right time to decide that we need to continue the business and get back on crypto.

Very good decision, I believe you have made the right choice, you are making the most of the altcoin season. You can go mining at any time, while the altcoin season is unpredictable when it will come, after the altcoin season is over, you can go back to mining as you did before.

Altcoin season is coming, make sure that you have now positions in order to anticipate the rally of many altcoins. The volatility is now showing up and it is a sign that the trend is becoming more stronger than before, I hope that the trend will not yet snap and the prices of altcoins will create more base and of course market structure that indicates uptrend.

That's already a good choice. You worked hard for it and earning a good profit out of it is already a good thing. They say that altcoin season could go better in the coming days but at least you have handled your mined coins well during this time. At least you already have an assurance of a good profit from your mining rigs. It's up to you if you still want to use it to invest more for future profit.

With or without altcoin season mining isn't a profitable investment right now unless you have free electricity and your electricity is stable 24hrs everyday, some countries have epileptic electricity most especially african countries, it's way better to make money buying to altcoins and staking them or hold for good market time

Well said,  it is best to sell gadgets before it become obsolete(in this case mining rigs) because when it happens, it will become worthless.  I also agree that trading, or buying directly on the exchange will give us an option to get a profit immediately if we know what we are doing. 


If it isn't profitable then why are people still mining?  It may not give an immediate profit but eventually it will give  a good ROI (assuming the machine won't break at all)

Its obvious that the cost of electricity in setting up and maintaining those mining ring is high while advancement in technology is rendering most of these mining rigs obsolete, you made up your mind in selling them off at the right when altcoins had began to be worthy of investing on, I believed you will recoup your investment within the shortest period of time, I also believe other miners will follow-suit your decision based on the fact that crypto mining is becoming capital intensive and very competitive.

There's no doubt you've made a smart decision and you made it at the right time, because the market is currently red and you have the opportunity to determine when you get in and determine which altcoins you choose.
With your decision, you have opened up opportunities for profit and you can use it to upgrade your mining rigs later.

You made the right decision and you analyze it correctly, mining is not profitable anymore there are only few Bitcoin to mine and it's much easier and you can save time and electricity by just buying coins, a lot of miners when the halving ends that sold their mining rigs because it's not worth it anymore and miners are vying for a few coins to mine.

To have a good result with mining, we need a lot of computational power and also live in a country where the energy cost is considerable for you to pay. Right now when we hire mining platforms the amount of profit is not very pleasant in comparison when doing some trade on exchanges. So the best way to profit is the Daily trading.

Daily trading platforms are the way to increase your investments.

Kinda thinking of the same back then aside from mining Bitcoins as well.
I guess the setup is already a hard investment for me because rigs these days are kind of insane actually just as much as I dreamed of having a gaming rig.
And yeah, you mentioned the maintenance

You did the right thing. Sometimes it is not worth mining coins. There are those electricity and maintenance costs that makes mining not profitable at all. And yeah, with new rigs coming and people upgrading, older rigs becomes useless. Good thing you realized this and sold your rigs to buy coins and hold them. Holding coins isn't as fun as mining, but it is a lot easier to maintain and if you invest in those right coins, chances are you will be making some good profits.
True, and it is a good thing it doesn't last forever. You can always start buying again when the so called "altcoins season" ends and make profit again the next time.

i like your decision, and you do the right buddy
because in my opinion trading will always better then mining, and you choose the right altcoins too,
just wait, this corrections will over soon my friend

that's happen when bitcoin price below $10k dude , its true mining was not profitable . but when bitcoin price now raise above $16k is it not worth to mine bitcoin or altcoin ? for small scale i think yes, but for big scale it will very worth with current price. some times mining need strategy and not just work , we must use special strategy to get maximum  result.


for some people they do agree with your opinion and some of them not. miner have their own strategy to get alot profit even bigger than daily trading. have we ever heard they mine unpopular coin that not listed in cmc or coingecko yet? this kind coin will give them huge profits when its start launched in popular exchanges. it just simple strategy for miner that still exist .

I just hope that the OP pulled out his funds before the dip, else he must be crying right now if he bought at the high.

What you have done selling mining rigs is a very good decision, because right now mining is no longer profitable. And we have to be
able to see other opportunities, which are more profitable. So I wonder if someone says you are stupid, because of your decision to
sell the mining rigs you have. I feel that your decision is correct, and now the altcoins have corrected their prices. So the money from
selling mining rigs can be bought immediately for altcoins that do have good potential.

I still have some GPUs I'm currently mining with, the reason why I can't sell them is because I'm still making money out of these setup, I used the money to buy food stocks for my family every month ending, this is the purpose of building the mining rig, I'm into trading and other stuffs so I don't entirely rely on the mining profits, OP made is choice and it's a good one, we all have our differences why we build mining rigs.

I am sure that he will know what he needs to do. Besides that, he already makes a decision, so I believe that he can do his best to profit from investing in crypto. He needs to watch the market and not panic because the crypto market now is down, and makes some people careful in making a decision. But he should not be worried because this will not stay too long. After all, the crypto market will be back to the high price.

that's not an easy decision right? since you will be risking too in investment to altcoins since there's no assurance and it's really unpredictable in terms of its price as long as you made your choice and you won't regret it then that's great.

If you truly believe that you've made the right choice buddy, you don't need a validation here dude. If you've already made a profit with your rigs before then you won. Though its not an easy decision, I'm happy for you, I pray that you'll be able to use the money in something that you can profit as well.

Great choice. If you believe in it, go for it; that should be the mindset. Worry about nothing. You have made an accurate choice, realizing that you can make much more profit and you went for it without keeping a second mind. If you will take advantage of this altcoin season, you can really make more money.

Good for you I believe, for me there is no reason to sell my mining rigs for altcoins as I can afford both, if you are lucky enough you will make high ROI back soon, my advice for you is to buy back miners because there will come a time when mining will be just as good as it was some months ago, high profitable mining will come again

The reinvestment in this way is really cool, seeing that the mining pool has deteriorated you have turned to investing in altcoins, i can see you are happy with that decision, the price has increased greatly significant when you decide to invest in it. A great investment and a good idea congratulations on your success.

it's not a stupid decision, in fact I think it's a good thing for now. because currently I feel that doing independent mining is quite costly. if I am in the same position then I will also do the same. however, doing mining independently also has many things to think about such as maintenance costs, electricity, and others.

Actually you did not Do the right choice why?Because you made a "Perfect Choice" because lets admit this that Mining is not that profitable anymore for small scale miners
yeah and besides Old rigs won't Give us much income not like this time that if you go with the flow and chance like this are very rare you only need to believe.


This only comes once in a blue moon and not taking the opportunity will be the biggest regret of your life.

I think you definitely made the right choice to sell all of your mining rigs if you think you are not making enough money because you also need to pay the maintenance cost and electricity bill you used in your mining rig. Reinvesting the money you used to sell your mining rigs to buy top altcoins like ETH, LTC, XRP, BNB, and other top cryptocurrencies in the market a good choice because you can be able to double your profit, especially during the bull run.

Do you ever know a validator? Its a new way like mining but there is no need high volume of electricity. This process is for the holders of a coin. If you are interested and you have a capital to invest in, Its good to invest your money on the validator. Good to run on the project like Elrond, HOPR and many more.

Luckily you did that and you are currently happy because of the gains that you received. For me it is all about guts and knowledge, if you have extra money then why not invest it in current trending altcoins. There are a lot of opportunities out there so for me it is better if you have guts to take the opportunities. Risks are normal and every investment have risks and you can lessen that risks if you have knowledge. If you still do not then for me it it not good to put your money in some investments out there because there is a high possibility that you can lose it. Make sure first that you know what you are doing before you put your money because not all of the investments can give you huge returns.

^ I think you've done your best for now, why do you continue to maintain things that are not profitable for you at this time, it's better to move for a while and come back later.

If you have made a profit from the investment you are currently doing then you can start mining again but with a new concept and pool.

This is absolutely brilliant decision you have taken good advantage of right time if I was at your place then I would definitely do the same, somewhere I think now you may have much time to make your strategies and picking some suitable altcoins for your investment anyways you have chosen some decent altcoins to buy which may be beneficial for you. Hopefully this decision will be worthy at all.

That is actually a helpful decision since some mining rigs cannot keep up with the current trend thus it is just creating a more energy costing device for you BUT maybe you should create a Bitcoin mining rig and just join Alternate Cryptocurrencies campaigns since as we have seen from the last quarter of 2017, the rise of Bitcoin greatly affected the rise of most Alternate Cryptocurrencies that really pumped their value. We still cannot say if that is the same thing that would happen now but its better to keep something than lose everything.

In my opinion, you made the good choice selling those miners. Simply because these miners can only be efficient if you use many, like those bitcoin factories in China and in some cold countries that I saw in some old mining company ad. I mean the electricity and all other factors are to be considered. So this is good that you sold them, you can simply reinvest the money to the coins that you really like, the top one I mean. Once you have good money and good profit then you can go back to mining again.

You can simply re-invest the money that you've got from those sold miners, you can buy now and while there are lots of potentials that the

market will pumped more, the opportunities to earn is possible since the market is moving forward. Choosing the right project for your investment

is very important, choose wisely.

Trying something new is not wrong, even in some places trying new things is mandatory, because a person will never know that if he doesn't want to try it, especially in terms of crypto and business, obviously he must be brave to try to do new things.

you made a great decisions my friend
because trading and investing in the right coins is better than mining

I assume you only have a small mining rig which doesn't seem to make enough profit like when you happen to invest in the right coin at the right season of bulls.
Therefore, whichever you prefer depends on how you perceived your future profit.
Nevertheless, the market seems to be keeping its upward movement. So, this for sure will generate a huge profit on your end. Win win situation.

Of course, mining still brings good income, but of course you will have to spend a lot of money for mining, so you did the right thing by simply investing in various top altcoins and now you just need to wait until the altcoins in which you invested will start to grow in price in order to fix the profit.

If the rig you are using is old, I will definitely think about selling it. But I don't think buying an affordable top coin is a wise choice (at least for me), for example, Ethereum, which already has a high price. I think you can get a pretty good ROI if you try affordable top coins

Of the three Idena is the easiest way to mine, it's a proof of human validation, where you can take a test every 15 days of the week so you can mine IDENA, you cannot mine it, unless you pass the validation this coin has a good potential you can even mine it using a VPS

https://www.coingecko.com/en/coins/idena

You won't dare sell your mining rigs if they are profitable I believe so only you know what's better for you and judging from the market sentimental right now it's still very bullish, I would only consider crypto mining if I can afford the best miners or if I have access to free electricity, investing and holding is better choice right now

I think that's a good choice. Because everyone has the right to make their own choices.and that is a decent advance to get more cash-flow from this bull run season.

In my humble opinion, I think you have made the right choice now. Investiting in these altcoins is a very good move. I considered it smart move. Instead of leaving your money is a place that won't yield much profit. I will also advise you to be watching these altcoins closely, because anything can happen at anytime. To be sure you are not going to lose all you money or having it reduced to something smaller than what you have invested. I'm sure you are very familiar with the rig mining Investment very, it's season will soon come, so you can take the advantage and invest back in it. It is always good to work smart.

As long as your mining rigs are not giving you a good amount of profit already then selling it will be a wise move but I am not so sure if other miners will do the same not unless if they have obsolete setups.

The movement of the market right now is pretty interesting and you have made a good decision in buying the top currencies are they are the safest option to store your money while waiting for your target profit before selling your assets. There is a big possibility that we can see a new ATH to most of the popular currencies maybe by next year if this movement will continue and there are no big decrease of crypto prices.

That is something i suggested to my friends quite sometime ago, mining has just become outdated especially after eth 2.0 there is no real use of mining unless we get some highly efficient miners with low energy requirements and higher yields which are not available as of yet so it is better to hold top coins than to mine as profits will be much higher.

I agree with you, this is the best choice for you at the moment. You need to always monitor the situation, if I understand correctly, now your manners are not profitable, in this case you are doing everything right. After the growth of altcoins is over, you may well be able to return to mining, using the profit received.

If sustaining mining for now is less profitable anymore or with a bad ROI, indeed we should move on to other more promising investments.
And I’m going to do the same thing you did. For now mining is less profitable, especially if the cost of electricity in a country is very expensive.
I would agree with your idea of diverting investment to altcoin trading or investment. The coins you mentioned have good potential.
These are coins popular among other altcoins. Your choice is right, I think.

Of course, you have made the right choice but nailing it will take time. The alt season will be in the near months if the BTC price can touch $21000 and stay above the green zone. The traders have to take care of risky trading decisions, especially in the bull market because a single short can stay underwater if the bulls continue to buy more BTC. Being on the wrong side of the trend is suicide because the trend is the best friend of any trader. Nothing can change the market cycles but we can change ourselves as a trader for learning from our past mistakes. So don't repeat the same mistakes we did on the last bull market in 2017.

I imagine that is a good decision. For what I think right presently it's smarter to exploit on the altcoins season than rig mining. Well I didn't expect that the altcoin bull run will be this brisk I was trusting that it would proceed particularly the XRP

You made the right choice if you think that you will not regret this action in the future. If you are thinking of getting along in the wave of altcoin season, then there is no question about that since everyone wants to be profitable with the altcoin season. However, have you considered your rigs can be used in long term? Because this altcoin season will not happen all the time, you might consider going back to mining in this case.

There is too much competition right now that it might not be worth it anymore for miners with a small hashrate. If you do not have the newest equipment then you will quickly be priced out. Cashing out and buying altcoins seems like a smart move. I'm not much of an altcoin trader but I can't disagree if you think this is the correct choice since all cryptos are benefitting from the bull market.

I think it's a good choice of yours, as this may seem very stupid to people. But in my opinion mining is just a waste of money because mining is no longer like last season, where the profit was big. but the profit is small and the costs incurred are large.

I think this is a wise decision at right now because there are some Altcoins may multiple 2,3x just after a few days and I think this is just a beginning of Altcoin season. There will be a lot of chances if you focus research and invest right now.

The best choice he made switching into investing in altcoins. We do have a lot of options on how we can grow our money that will earn a profit. Investing in altcoins only on those legitimate projects. A mining rig is not also profitable because of the high cost of electricity so we should do a nice move investing in crypto.

That's a great choice because if it's not profitable for you to mine anymore why continue right? Altcoin season is on its way and you will surely get huge profit from your wise decision.

If altcoin season just disappear right now will you go back to mining again? I don't think it's a smart move mate, you should have sold some part of your rigs and leave the rest, everything in crypto space is seasonal, few months ago mining was so profitable that miners are making huge money with Ethereum because of high gas fee

You have made the right choice because we must roll together with the market, it is for the altcoin now and later the mining will come along. Let enjoy the pump while it last and make positive use of it

You don’t need nobody’s permission to take actions for yourself. If you’re doing mining and you feel it’s no longer profitable for you, then the best move you have got to take is stop the mining and look for other means of making money.

I have friends that were miners they have all quit and it’s because they can’t afford to continue their mining work, and some of them were because their equipment is already out of date instead of going for a new one and knowing the level of expenses they will be facing with it, they just quit and invest money in better projects.

You've made the smart choice, I was forced to sold my miners (GPU) few months ago because they are less profitable, buying altcoins and holding them is more easier than mining, if you want something that can be giving you money in every 24hrs you can learn how to do day trading, when you earn up to 10 or 20$ you can quit for another day

Well like I do tell people the best decision one can ever make is self decision though the choices are really perfect old good coins but still wether good or turned out good or bad it's all your choice anyways. Always do your research and decide where to invest your coins but sincerely old trusted coins are better than shitcoons.

Self decision won't allow you to regret whatever mistake that you may done, else, it will brings good impact to do more deeper research

in order to make a good call after. If you make a good one the level of confidence will be added and you'll for more. It's always better to

do your own assessment and decide after.

yes, I really agree with what you say because indeed everyone has the desire to grow assets by buying altcoins hoping to get profit by taking advantage of price movements, not investing in the project.

I believe that you have thought well over this decision before you took it, and you were convinced that it's the best option available to you. You don't have to doubt that, I hope it turns out well. You just have to study the market trend to ensure that you flip your altcoins at good price and re-invest again. Rinse and repeat cos BTC can spoil the best strategy if it goes bearish.

With this situation, you make the right choice. It's is so hard to earn money in mining, the electric cost seems to take the money that we make from our mining. There's nothing to be regret about your decision, so the next you must do is find a good coin that can give you profits, Don't put all in your funds only in a coin.

I don't have mining equipments or even experience mining before but I think if I am still earning profit from it then it would be a waste to give up on it.
But I respects OP's decision it could be the best choice if you are good at trading.

Same with me, I have never been interested in mining, besides the equipment is expensive, it also requires sufficient electricity besides for daily needs and my place only has little power. I prefer to buy coins on exchangers and indeed I am more interested in some POW coins than ERC20 tokens

Friend. You are not the only one who made this difficult decision. I did this many years ago. It just became unprofitable for me to work with her. It's easier for me to join the bounty company. And get some coins to invest.

Although perhaps new video cards will give us more now ROI.

Well, the real problem with mining is, you also need to upgrade the mining equipment you have so you can make enough money. Honestly speaking, mining alone would be quite a pain. however, I will probably do the same, namely, sell my mining equipment and look for alternatives.

I think everyone chose an own way, somebody choose fast profit which is less and somebody can wait a little and get much more money. I also think alt season will happen sooner or later and I heard a few times idea, that now is the stage when we need to accumulate tokens, not dollars nor other fiat. This method let you become rich if you wait a little.

My strategy is to save 50% of tokens which I receive and convert remaining 50% into fiat

if compared with another investment , mining really need high spending especially for mining equipment . we know based on graphic card demand its make price be more expensive now and also upgrading tools regularly need to make our income still competitve to earn profits.

I also feel that you made the correct decision by selling your mining rigs. Mining is not that profitable as it used to be in early days. But who knows... Everything can be changed within a quick time. Anyway, as crypto enthusiasts, we always come across such situations where we sell our coins thinking that it is the best time to do so, but on next day, prices go up further.

Well I also believe that you made the right decision because if you really not happy with your earning on mining then you should find ways to earn more. You invested the top altcoins, that's good I'm pretty sure you will recover it. I believe the altseason will coming soon.

Mining does not have to be in large amounts, but in small amounts it can also, like mining Ethereum Classic by buying some RDP every month, just use a normal PC, everything will work as usual, this is something that has already been done I try.

That belief is what you need to carry on so you won't feel bad for the decision you made. This is a trade and you went for what you feel is right so don't feel bad about it, you just make hay while the sunshine. This is altcoin season and we must roll with it

The complexity of mining is increasing, and if this is not a serious mining enterprise, then its profitability is not at all what it was before. Now there are a lot of difficulties and problems with this. By purchasing coins and starting trading, you may earn even more without having to maintain equipment.

Mining is officially over, the only way to survive well with mining is by mining btc for almost 3 years, accumulate it and only take profit in 4th year when btc booms and reaches a new peak otherwise even btc mining will not yield you any profit at market price.

It can be said that 2020 is a brilliant period of Altcoins. because Bitcoin is really very attractive and has very high heat in the world. therefore your point of focus on potential altcoins is very reliable.

I fully support you and encourage you to have good look at top alts and believe me if you hold good initial bags of one or two good alts then there is high chance you will make huge gains once markets go north because alts do push massively and often they yield higher percentage profits.

the choice you made I think  correct selling altcoins and buying top coins it's a very good step because top coins have a high degree of stability compared to altcoins that don't have a name the price goes up easily when the bull run arrives moreover, the development of crypto looks very good bull run is easy to come by and makes top coin price easy to go up

Well, this one work for you well and to say that you are bit lucky that you had able to make roi or profits with those alts and i cant really deny the possibility of situation or outcome.
You did really make the right choice because as long you do able to make profits which do really satisfy you then that would really be enough and also its your own money
and theres no one can stop you if you do decide to sell those rigs of yours and just simply buying altcoins.If im on the same situation where i do find my rigs arent feasible
or worth to mine anymore then why would continue? Better to sell and invest it and it might give a better outcome than doing mining operation.

If your investment is based on ROI or for a short term return on investment then some of the top altcoins that you have mentioned are good investment options, especially considering that significant BTC price movements can certainly affect the prices of other altcoins especially the top altcoins. be patient now that it's approaching the end of the year, hold on to your investment and wait for the right time to sell it.

It's great that you're happy with your choice OP. Everything is subjective and while you feel good somebody could say that for them it wouldn't be a good choice so you rarely can tell if something is good or bad.

I'd also like you resign from mining at this time because if your ROI hits next year it's possible that you will miss the peak of the bull run. It's much easier to make money investing than mining when coins are pumping.

Nothing lasts forever and mind you mining season will come again so once you made more money from altcoin bull market it's a wise choice to buy some graphics card back and start mining once again because we can never tell, mining can also become very profitable again in near future, it happened few months ago and it's still possible

I think you made the right choice, we all know that things have gotten really difficult for miners this time around. When Bitcoin was halved this year on May the mining of Bitcoin got really difficult for miners that are making use of the old miners , only those that had the best and new miners are able to compete this time around. So, you did the right thing than having to struggle and still getting enough profit from your struggles. And plus you will have to be paying for electricity and all those expenses you’re going to be increasing as time goes on.

I'm certain you will have the option to purchase better diggers that will last you for quite a long time and furthermore have some cash left as well, I like the way that top altcoins are your decision, XRP is as of now bullish at the present time. In the event that you accept that this is something that you will never lament ever again, you don't have anything to stress over your choice any longer. You have settled on the correct decision by understanding that you can have more benefit on the off chance that you will exploit this altcoin season.

If you think it's the best decision then it's good for you, Op. As you have mentioned, you're not earning that much from mining so I guess it isn't a stupid decision but rather a wise choice to sell your mining rigs in exchange for altcoin investment. However, it will be worth it if you'll buy altcoins at the best time and sell it in a profitable season. Sometimes sacrificing something for a better opportunity to earn is the best choice that we can do.

Actually if something doesn't work for you or stop being profitable, it's wise to switch to a new option. Investing in top altcoins especially the ones mentioned by OP isn't a bad idea, but getting good entries is important. Well, presently some of the top altcoins are still undervalued in my opinion. However, this doesn't mean he might not regret selling his old rigs for altcoins, since anything can happen in crypto market.

Good for you，make decision indeed is must by oneself，your own coin is, of course, up to you，besides the decision was wise and right.
Altcoin season is never last forever，actually，its life is short. But i prefer to invest in BTC，not the top altcoins.