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Similar to the ammo situation, it won't always be like this. There's no reason to add production costs to meet a temporary inflated demand.
I mean shit, my 2080 Super is currently earning me over $7/day, and that's just using NiceHash. I didn't buy my GPU to mine, but at these earnings, why the hell not?
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To the part in the bold, I'd say you were correct if it wasn't also for the fact that consumer CPU's and even industrial silicon is having supply chain issues. Nobody needs those for crypto.
I've never truly understood mining or crypto, but I
can do math and like you I also saw that my 1660's that were mostly sitting idle could earn me something like $6 per day with the right tweaks. Let em rip. I also put one of them up for sale on FB for some ridiculous price. If somebody wants to pay me enough so that I can flip a 1660 Super into a 3070 sometime down the road, well then I'll put their money in my piggy bank. If nobody does, well then in a couple of months they should have mined enough crypto to cover the difference. The 1660 Super I put up for sale I bought used back in October for $140, the last guy that messaged me offer $350 for it. I tell them upfront that I'm not needing to sell it, I don't even necessarily want to sell it, but if they're willing to pay the going rate for one I'd be stupid to turn them down. So far nobody local has wanted to pay what they're going for on ebay, and I'm not messing with ebay and the potential of getting scammed out of my money and card.