A few things to add to this are:
- Understanding past trends and speculation rises in Crypto prices. (Mining profitability always appears underwhelming at face value, so understanding a little of what the profitability will have actually been by taking into account prices in 3 months, 6 months, 1 year and beyond)
- Researching and keeping up to date on the latest trends and projects. Knowing which projects have large movements and mining accordingly can produce much higher profits than sticking with 1 currency.
Feel free to PM me if you need assistance with anything!
Thanks for the comments on my thread. Would you happen to have any "holy grail" resources for understanding crypto trends and profitability as you discussed in your post? I know of coinmarketcap, but I know next to nothing about analyzing fluctuations in crypto price. I've also found various profitability calculators online, but I'd still like to know more, especially how to calculate profitability after joining a mining pools and the different types pooling structures. Thanks a lot.
PS> you have private messaging from newbies disabled