What so hard to believe? All my Nvidia rigs that is paid off from the last bull run is now mining eth. I break even with electric bc their is nothing else better to mine.
Soo many people are in my shoes where we mine for zero profits and depend on future value increase.
I see too many crybabies here looking for someone to blame. It is what it is. Mining has been met with full market saturation. Ride through the rough times or get out of the mining game.