Would it be profitable to purchase high-end CPUs for mining?
I think given the cost of high end CPUs you should factor the following:
Initial Cost of Assets (CPUs) + Time Involved to Setup + Maintenance + Electric Costs + Depreciation Over Time + Increase in Difficulty..... vs
Simply Buying XMG... At it's current price point it's a great entry point. I think 3 month outlook if you bought in under 0.00010000-0.00012000 you'll be well in profit.
And the method of buying the XMG which is at it's current price clearly undervalued and underpriced factoring (Overall/Entire Alt Market Pull Back of 20% Last Night; HardFork about to be released; One of the Oldest coins on Bittrex since coin launch; strong community; active Dev Team which posts daily (even on Christmas lol);
The fact that it's trading at 0.00005000 is surprising. And I am glad my attention came back to it as I had mined it years ago and hadn't started taking notice again until as of late.
Simply buying XMG gets you in at a low entry point; no time involved, you can make money doing other things, no maintenance; simply buy and hold for 3-6 months.
You would not believe how much I made by holding the AEON and XMG and XMR that I mined in 2014-2015... Those coins... I still hold.
I mined them when they were worth pennies. Now they are worth $2, $4, $300... each.
Altcoins are a Buy and Hold LONG game. Look at anyone who has made millions doing it. They got in at the right point, and held.
Not saying not to mine XMG... but factor all options; if you dont already run a mining operation- there are a lot of costs to consider.
Factor a $10,000 investment into a CPU Farm for Mining...
You could buy the $10,000 CPU Setup; how much would you mine from now until
April?You could buy $10,000 in XMG; That would yield you instantly 11,500-12,000 if you bought up the chain... at current prices.
Likely, the Hardfork will have POS; which mean's you could INSTANTLY stake those coins.
If XMG goes from it's current price to 0.00025000 by
April; you'll have made $40,000 in profit + you'll have staked those coins (which means more but I can't factor that ATM).
Cheers!
Strato