This Io, mining is basically annihilated.

Kol round investment is very good, even if the worst posture 500M valuation into the TGE airdrop 50%, according to the current situation is two or three times, however, countless miners have been screwed, probably expected that the profit of participating in IO is not high, just so many people milk, such a roll, it is impossible to have high profit.

If a valuation method is used, IO is actually very similar to LRT staking, the total value of the total number of participating devices is like the total value of ETH participating in staking, participating equipment total value / airdrop value

Staking ETH / airdrop value

Assuming that the average value of a GPU is 1000$, 500,000 GPUs participating is 5 billion US dollars worth of equipment, and then everyone shares 1.5% of the airdrop, buddy calculates the depreciation rate, electricity and labor, opportunity cost, it is a money-losing business, right? Except for the bug, the makeshift team did not find it. The world is a huge makeshift team

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