I have been reading a bit and I realize that soon the transition to POS will effectively kill mining (correct me if I'm wrong), but let's say that I have some hardware lying around (nothing that good, a gtx 960), is it worth using it to do a bit of mining?
Here is my reasoning. Please tell me if I'm missing something really important here: I have a GTX 960 which supposedly has a hashrate of 7 mh/s (others have said 10 mh/s but I'll go with the more conservative number) I used a calculator, according to which I can mine 7.7 ETC or 1.6 ETH per month. TDP for my rig would be around 120w (estimating based on benchmarks), and I pay about .10/KW/h for electricity. At the current exchange rate 50% of the profit would go to electricity, still leaving me with 50%. If I have 4 months or so before POS replaces POW, I should be able to mine about 6 ETH (or 31 ETC). This wouldn't be close to enough to enter POS, but it would still be possible to hold on to it if it seems like it's going to keep increasing in value, or trade it (for BTC on Poloniex, then to a crypto wallet, then to my Canadian bank ... somehow, I'm still a bit fuzzy on the details of this).
Does this make any sense? Am I not taking difficulty increase into account sufficiently? Should I be mining ETH, or ETC? Solo or pool? Anything else I'm missing?
I'm a complete n00b just looking to experiment so please be gentle.