These news
https://www.theblockcrypto.com/linked/93221/ethereum-miner-800-million-revenue-january
decrypt.co/56804/ethereum-miners-3-5-million-just-one-hour
More fees and more revenues and people starting to buy more and more GPU to mine coin and receive the fees from the network.
Agreed if the newcomers were FOMOing the mining right now.
Topic: FOMO on GPU mining - page 2. (Read 187 times)
We have so many newbies among us and of course FOMO is working on them, in 2018 many are forced to sell their graphics card at a very cheap price after bears took over the market since eth mining profits have gone so low, everything about crypto is timing the best time to buy graphics card was few months back and even January 2021 was still fair enough but not still that good, you have to hunt for gpu at cheap price, I'm sure something will happen this year when mining is not profitable anymore not everyone you get their return of investment back
It's not advisable to build a mining rig right now, GPUS are out of stock in every store in my country and that's not the worst part, I bought my gtx1660 ti for 400$ each and today it's 640$, the fact is people even still don't mind buying this cards at 640$ each, are they stupid? I don't know but getting back ROI should be their most worries, I think it's now nothing but FOMO
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