Even if this was true, buying new GPU right now with inflated price for mining is extremely risky.
Eth difficulty bomb could drop any time. Eth makes up 90% of the mining hash, if Eth is gone, the miners are not gonna sell all their rig in one night, when all the hash power floods other asset such as Raven coin, the difficulty could be increased exponentially for every other asset, expect a difficulty increase of 5-10 times across the board for every asset.
The second reason is the crypto price had passed its prime, people are dumping rapidly. the market cap of crypto basically halved already.
The third reason is the congress keep on trying to push crypto ban law, if they succeed... without major player such as U.S, expect even big drop across the board.
Could you still mine? Yes, that's when you already owned mining rig, but buying one with inflated price? No, the risk reward is not worth it.
Of course miners and crypto holder will still convince you its not over, because its to their interest. They either want to sell their GPU at a reasonable price, or they wish the asset they hold could be dump onto someone else.
Beside, Lovelace and RDNA3 will launch this year, it will have huge impact on last gen GPU price.
