Not quite how it works, even in your analogy. The miners are using capital to buy tools, not profits. They or may not make a profit but there is no way they wil

Not quite how it works, even in your analogy. The miners are using capital to buy tools, not profits. They or may not make a profit but there is no way they will ever make a profit without first buying shovels. Buying shovels is not optional. Eventually something changes, yes - and eventually can be a very long time in finance. Often much longer than your useful investing outlook or patience.