Why I started mining again and am looking to invest in new block-chain startups

Hey everyone, as some of you may know this is @acidyo's account. For those who followed this account a couple months ago and had totally forgotten about it, I apologize for going MIA on it. With work and social life it just became too much and I couldn't find the time to keep up with all accounts and projects.

Being unemployed for 3 days now, I got to thinking about what I should do with my free time. Of course I want to spend it on Steemit and creating content while my voting power is recharging, but I wanted to know how I can maximize my time spent here for the greater good of the platform.

So I came up with a few new concepts of what I could do on this account and how it would bring more users together and interested in new currencies and investments/trades into them. But before I get too much into that yet, I wanted to talk about my mining operation and why I decided to get my GPU/GPU's running again.

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Mining is still worth it!

I know many of you have never heard of mining or have no idea what it is or what it does. To be honest I am not that techsavvy either, I can't tell you what exactly happens during mining other than the computer generating random guesses to problems that need a solution in order for the block-chain to move from one block to another. All I know is how to set it up, where to connect to a pool and after that its basically just waiting and following your income.

Mining requires high-end GPU most of the time. Most algo's nowadays have GPU mining enabled and there are GPU miners available for both Linux and Windows systems. Here is what my mining operation looks like right now on 1 GPU.

I am currently Mining Z-Cash on the suprnova pool.
The pool takes a 1 % fee, the new GPU miner by Claymore takes 2.5% fee but is a lot faster than any previous miners so even with a 3.5% fee I'm seeing much better results than I was seeing previously during the zcash launch. I also decided not too burden my GPU too much back then since the block-rewards were so low and hashrate was high, plus I knew the price would decline because of the mining anyway and I usually mine with long-term holding in mind.

Here is an example, a screenshot of me mining Expanse on the suprnova pool back in 2015.

The difficulty was very low and I was netting around 150-200 expanse per day. I knew this coin would shoot up sooner or later, only having a couple GPU's to mine it I decided to hold it for as long as I could and mine it for as much as I could with my limited resources. At one point I had over 80,000 expanse.
As my luck would have it, a couple weeks before the big pump in February, I had to sell those for an emergency that required me to pay off some medical bills. You can probably guess my frustrating and depression after only holding around 150 expanse when it shot up to 0.003-0.004 btc each.

It would have literally changed my life around, but I guess it wasn't meant to be at that point.

This has happened to me a lot during the years, although sometimes I have profited and held them til the right time, I still haven't been able to get out with a big enough profit that would give me the freedom to do something else with my time.

What I want to say though, is that it is possible.

I almost made that much profit from mining with a couple GPU's for a couple of months and only holding them, what about if I start doing the same with other investments and trades? The chances of me hitting one of the good ones again should increase if I diversify my savings and mining rewards into other currencies with the same potential, right?

What it all comes down to is having the patience to wait it out. Buy when others are selling, sell when you have waited enough and the profits have started to show.

This will be a new experiment I will be starting now, and after a while I would want it to become a community thing too. If others like my methods of investing and my eye of filtering out the good from the not-so good ones, then they will be able to join me and my trades/investments as well as I will keep everything as open-source as possible.

I will try and keep these posts on this channel and re-steem them on my main account for my Followers. After a while when I notice enough of my Followers who are interested in this account have followed it, I won't re-steem it on my personal account anymore as it might not be that interesting for my Followers who aren't into mining/investing/trading.

Thanks for reading those who did. If this is something that interests you and you'd want to see how my experiment goes over the next few months, make sure to follow this account @cryptochannel

or my main account for other Steemit related or diverse content! @acidyo

Thanks!

PS. New post will soon be up with a Community investment/game that might interest a lot of you.