I was wondering, since the difficulty recently increased once again, is there any merit in mining another currency, e.g. XMR, then exchange for ETH? Not sure if using the same hardware will allow me to mine a lot of XMR in a short period of time, to exchange for ETH? Does this make sense?
And if I'm unlucky, and got stuck with the other currency, again, e.g. XMR, it seems to be another crypto with promise.
My hardware is 6 RX 580s, 8 GB, and 5 GTX 1070s, 8 GB.
Please share your thoughts.