I started mining XMR today with ~500H/s and my power consumption cost is 0. Of course I know 500H/s is a low hashrate to profit. But according to this page over a year I will have 1.19 XMR. Let's say I already have that amount.

  • Can I use that amount to buy another altcoin? I mean trading or something.
  • Can I use it to invest on Paid To Click (PTC) sites? I have heard with a low amount of money you can get much more on these sites.

Maybe mining with low hashrate for first world users is silly, but what if you don't have any other way? Of course it will take a lot of time, but can you make even 2000 USD a year with a good investment strategy?

closed as too broad by dEBRUYNE, 254123179 Jan 12 at 22:20

Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.

  • Beware of "I have heard with a low amount of money you can get much more on this sites". If it's too good to be true, you're usually the mark. Also, 500 H/s is not bad at all. – user36303 Jan 15 at 16:46
  • Yeah that's the catch, altought I won't be investing too much. On this sites investing more than only a few is dangerous as you suggest. However this world (crytpcurrency trading) really has me curious. – Ophion Jan 15 at 17:02
up vote 2 down vote accepted

Can I use that amount to buy another altcoin? I mean trading or something.

Any exchange which accepts Monero also lets you trade Monero for another (crypto)currency. There are dedicated services (e.g. ShapeShift) which allow you to convert coins anonymously.

Can I use it to invest on Paid To Click (PTC) sites?

I'm not familiar with PTC sites, how would you invest any money into them? I thought they'd pay you and not the other way around.

Of course it will take a lot of time, but can you make even 2000 USD a year with a good investment strategy?

Sure, just upgrade your mining rig and you can make more than 1 Monero per year :) You can also hodl and wait for the price to moon.

  • I guess my question is too broad but this answer almost perfect for newbies like me. – Ophion Jan 15 at 12:07

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