The below article about the mining pool called Honeyminer is interesting because it brings up a point about the arbitrage between the cost of mining alt coins vs BTC. It’s possible to “mine” BTC more cheaply by mining an alt that is exchanged for BTC. If the value of the alt coin in BTC minus the cost of mining is less than the cost of mining BTC directly that coin has utility. A potential investment strategy would be to research the coins most popular for mining that use relatively little electricity and are somewhat capped in supply. These coins should have a built in price floor and rise in value with BTC.
Honeyminer Makes Cryptocurrency Mining Accessible to Everyone With a GPU - Live Bitcoin News via BTCnews on iOS
https://www.livebitcoinnews.com/honeyminer-makes-cryptocurrency-mining-accessible-to-everyone-with-a-gpu
