Everywhere I am seeing fellow miners discouraging other from jumping into the mining business. All over this forum and reddit, you guys are being selfish because you don't want the difficult to keep rising.
The truth is mining crypto has been the easiest money for me, I am never going back to working a normal job when I can just do this all from my house.
I'm still pulling in NICE profits, people are just spreading fud about the ROI times and saying gpu mining is dead.
That was true only during the bull run of 2017. I'm not going to lie we were greedy.
But the truth now is we are way past the greed phase and in the anger or depressed phase. And I'm not gonna be greedy to keep my nickel I earn per day per card. I can split that with others for all I care.
I genuinely don't want to see miners get rekt but be my guess. I fear for those that bought GPU with debt.
If I had money I would buy coins. But I'm all out of cash so only thing I have left is credit which I only buy cards once in blue moon like a 2080 rtx and Vega vii for hobby mining and to keep home warm at night. Probably a bad idea but I enjoy it and so do others and that's why the market will always be oversaturated and unprofitable. Everyone knows how to gpu mine now. That was not the case before 2017