so basically bitmain, avalon etc are all big scam business? taking money from "retail" miners while the only ones who can make profit are the few who cobtrol the few asci miners?
only way to have a chance to earn on mining is by gpu as this is not controlled market?
all markets have a manufacturer in "control". gpu has two main groups nvidia amd. unless we can make these devices ourselves we are at the mercy of the manufacturers. Should they mine for themselves? well thats for another discussion. Asic manuf. do scam a bit in the sense they take preorders. Allowing you to do calcs (allowing them to price higher) based on todays current network situation vs 3 months from now. They know what its going to do as they build the machines and know exactly whats coming online with a degree of near certainty. (see the bitmain dash miner thread) i honestly think most manufactures either collude or have insiders that share what each company has going on. So yea they are duping the retail users by mining the profit out of the machines before shipping. Profits can me made by mining atm but with the crazy jumps in hash my bet is on buying/hodling some coins. to me beauty of gpu is the ability to mine so many different algo's! Its more of a hedge for when btc mining isnt doing too well. If your going to mine ideally you would want to mine all the algos. When one is down $ most of time another is up. mining rewards remain relatively stable this way.
BR