Why on earth are there so many group buys for mining gear when the consensus is that mining will never be profitable?
There are three reasons:
1. People just assume that they are going to make tons of money by mining, and they don't even bother to determine how much the equipment will mine.
2. The consensus is wrong. A lot of ignorant people are included in the consensus (see #1).
3. Miners want you to think that mining will never be profitable because less competition makes their mining more profitable.