The mechanics I'm referring to are in the 50+ page document that I read, that I'm sure most people (miners) are not even aware of: https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackm...
As for profitability changes, that's almost impossible to measure right now. There is too many variables. One is that there isn't any wallet support for 1559 yet (MM came out today and is apparently, um, lacking). People are still over paying for transactions. Difficulty + price changes + pool luck + changes in hardware stability also make things nearly impossible to track accurately. I have a margin of error, but it doesn't look too bad right now actually.
They included the biggest miners and overall > 50% of the mining power as far as I could tell.
>The mechanics I'm referring to are in the 50+ page document that I read,
I wish you'd specify what mechanic in particular you think others misunderstood and you didn't, as I included the main ones from their arguments.
Point #1 is a big one. A huge number of people thought that fees would go down.
https://cryptobriefing.com/ethereum-miners-protesting-eip-15...
>As a very large miner, I was always for 1559 because I understand the underlying mechanics.
I don't know what mechanics you think others didn't understand. Your profitability has dropped and the move is basically moving miners' profit to the largest holders (e.g. everyone who pushed for the change). It's not like the fees have dropped since EIP-1559 if that's something you thought the change will bring for some reason.