>No not really. If you believe $1 of X will be more than $1 in the future, you buy it for $1, you don't pay more than $1 for the manufacturing or mining of $1 of X
I know you read /r/bitcoin so I know you know that there are a lot of people who stupidly don't think about it that way even just in that subreddit. There are also a lot who think their tiny collection of miners is contributing to the hash rate and helping the network even if they are losing out.
Also with all the delays in shipping miners there are a lot of people mining with obsolete hardware just because they don't have to feel completely scammed so if they mine something they can convince themselves it was worth it.
I know you read /r/bitcoin so I know you know that there are a lot of people who stupidly don't think about it that way even just in that subreddit. There are also a lot who think their tiny collection of miners is contributing to the hash rate and helping the network even if they are losing out.
Also with all the delays in shipping miners there are a lot of people mining with obsolete hardware just because they don't have to feel completely scammed so if they mine something they can convince themselves it was worth it.