How would you have any confidence the PoW change isnt covertly being supported by Bitmain? Bitmain could bring new ASICs to market faster than any. Unless Devs prepare a scaled ASIC pipeline without Bitmains knowledge, and beat them out the gate. Which is a scary precedent.
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By number of miners, yes. By hashrate, that's just Bitmain.
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I dont think the hobby/small farm mining world runs mostly in the red like you think. Miners aren't altruistic.
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Unless you have free electricity, it's not feasible to mine profitably today. And even with free electricity, difficult to break-even on the miner hardware costs.
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