Just like internet work that is flooded with people across the world it has become a race to the bottom. People in first world countries are competing with people that are happy to make a few crumbs. It is too easy to set up some rigs and start mining.
Utter nonsense. Setting up a rig is only easy once you've done it a few times and learned along the way - at a cost of several days of your time. Then there's the startup cost of the hardware, and the running costs of electric, at which point you'll only just be breaking even. Then there's tuning per algo, maintenance, cooling, choosing which coins to mine, setting up the correct exchanges, passing KYC, trading coins effectively, then converting that back into fiat to pay the bills....
It's a full-time job that currently pays worse than a paper round. The only easy bit is going on eBay and overpaying for some well-cooked rx470s.
