$io Everyone spends money to mine with computing power, but the income goes into the pockets of the project owners without any actual use? There is no sub-market?

Am I right? Apart from the possibility of air mining due to insider trading, is it that the Tokenomics of the top projects makes everyone think that each coin is tied to the production cost, so that everyone is more willing to take the chips of air mining near the cost line?

Or is there actually a big move later, and now fud is just washing the market?