Totally agree, that’s why i personally stopped mining allready in December 2018.
It just doesn’t make sense anymore on normal low prices to invest that much into mining and sponsoring hardware and electricity companies as these get ALL your money day by day 100% and we miners today never even will ROI in normal electricity price countries ~10cents, leave alone these with high electricity prices like germany for example at 35cents
We all thought the Z9 mini will ROI, it didn’t and won’t. Than the Z9 same game, same result. And i’am pretty sure the Z11 and Innosilicons will have the same faith. The question today is only how much % of the ROI they reach, not if they ROI at all. They simple won’t if you are not in a very loc electricity cost region, easy and simple as that.
You are right with mooning would help. But there are 2 problems with this:
1.) An investment shouldn’t be based on what if mooning prices but more on worst case scenarios.
2.) IF mooning more hardware gets online again, more hardware will be produced, more hardware will be sold. Just logical. Means a mooning effect would be only very temporary.
Just my opinion and some thoughts and the reason that most of my bets/bags go to POS today so i don’t have to sponsor hardware and electricity companies …