I did the homework to defend my position with hard numbers. You've done nothing but spew opinions and point at a non-randomized, non-controlled, self-reported public poll rife with confirmation bias.
No. You did not. If anyone actually researched the situation the truth is quite obvious an apparent. You seem to be operating under a few delusions here, but your mental health is none of my concern.
I made my post to
complain. What I like to complain about most is the abject horror of many of humanity's practices, from climate change to death for profit to crypto mining. It is not my (or anyone else's here) problem if you do not understand the reality of the situation. It is neither our job nor responsibility to educate you personally.
My posts are primarily rants, but may also be considered informative, though I usually encourage others to their own research. My view on ignorance or delusion is that it is its own punishment, and I am not here to relieve anyone of either.
An Ethereum miner tested a single 3070 for a week. In that week, he generated $73 worth of Eth with 1 3070. Of course, there are operational expenses, primarily electricity. However, if one has their own source of power from something like solar panels or wind turbines, or their power is subsidized by the government (partially or fully), then that changes the equation quite a bit. Now, at this point, one might be wondering about specifics of costs or why on earth a nation state would subsidize crypto mining. While I can not speak to every situation (every coin type, clock, and power set ups), the person in the aforementioned example was pulling ~130 watts from the wall per card, which is a little over 3kwh per day and ~94kwh per month. But one can round up here to make the math a bit simple to 100kwh per month per card. Then there are other costs of the mainboard, CPU, and cooling. Of course, those come down nicely at scale. Or again, if you have "free" or subsidized electricity, it is pure profit. I trust any genuinely curious individual can connect the profitability dots from here via their own research skills and mathematical abilities. For real world numbers, the guy on youtube, with his 5-6 system setup (1660s, 3060/70s, and a couple of AMD rigs) is currently making ~5500 / month. That is reality. And at this point, not only is it currently happening, but it
has happened.
Now, as for that second little issue that may be gnawing in the back of one's mind. Crypto is already a 2 trillion+ market. What does profitable mining represent? If you guessed wealth creation, congrats. Each and every modern GPU is a license to create wealth (effectively print money). And note this does not come at the direct cost of devaluing a nation's own currency. Oh, it can a bit with local trade, but the crypto is going to get mined regardless on a global scale. A rising tide raises all boats.
It is like being in California in 1848 except mining equipment is not plentiful but scarce.
As for the "quit your bullshit":
https://www.coindesk.com/hut8-nvidia-mining-gpu-purchase
Of course this involves some degree of speculation, however as the market diversifies and establishes itself (if 2T isn't enough), the investment risk is really quite minimal. Especially with coverage times measured in months. After that, the return rate is insane (currently). Imagine a hedge fund promising 50%+ yoy. If anyone thinks that the demand from people seeking to use device X to "print money" is going to be less than the demand from people seeking to use device X to cost them considerable money up front with further cost with usage, I have a bridge for sale. Hit me up.