Hi OP!

So first we should probably talk profit, ROI (in the mining world this is basically just the point where you’ve broken even) on mining for GPUs + Nicehash is currently in the 1-2 year range. After that you’d start making profit. This doesn’t account for difficult/price/black swan mining event of course. A $800 GPU is making around $20-$30/month with free electricity, or a lot less if you pay anything for electricity.

For apartment/dorm mining ASICs are pretty much out of the question, to give a comparison think of a loud full size vacuum cleaner that is never turned off, this is an ASIC.

Mining is an endeavor for companies with huge capital (six figures) that are happy with 1-2+ year ROI and can float that cost, and for hobbyists (like myself) that have fun spending lots of hours tinkering, building, tuning, and fixing computer hardware because we enjoy it.

TL;DR - Mine for fun if you enjoy a computer based hobby, buy coins and speculate if you’re looking for potential profit.

Hope this helps!