Yeah it sucks. I saw a [BrandonCoin][YT] video, and he estimated that that company paid $1200-1300 PER GPU. For what was probably either a GTX 1660 Super/Ti, RTX 2060, or RTX 3060ti-equivalent "CMP" card.
It really make you wonder, kind of, what kind of estimated revenue projections that those BIG companies make, when mass-buying $30Mil USD (!) worth of "CMP" GPUs.
When individual miners are questioning whether purchasing a SINGLE GPU at those sort of prices is worth it, "will it make ROI".
Is there some calculation that these big companies see for ETH and other Altcoins, that the simple "home miner" doesn't see, isn't talked about on YT? Like $100K USD per ETH soon or something? Or a seismic shift away from the USD and onto Crypto-currency?
Some not-understood part of EIP-1559 (making ETH more valuable, by burning "BASEFEE")? Some insight that hasn't been publically-discussed, about Proof-of-Work continuing on?
I mean, I really wonder, as an individual miner, I sort of believe that I'm seeing the "writing on the wall" with EIP-1559 and PoS / ETH 2.0 coming out.
Then again Conflux/Octopus mining (With Nicehash, at least) has started to (for some cards) nearly match or exceed returns from ETH mining. At least briefly.
So, possibly, this "Hut 8" group, might be seeing the possibility of another PoW / mineable Altcoin come to the fore-front.
Or maybe, it's just a huge gamble, with capital. Not like the whole Crypto-currency space isn't risky, as it is, even "home mining", to a smaller extent. (Again, buying cards at inflated prices, and "will I make ROI", and then "will I make profit after electric, if this all crashes down or PoW on ETH ends".)