Miners are not that dumb. You mine, you dump your bags and you never get back. I dont think that assumption that some might wanna pump the price to offset the cost of electricity by increasing profits from selling, is correct. Nah its not miners. Its you, bbc.reporter, who pumps it up. You want out of your debts. This is why you long for better prices for your bags. It would be a negligence on my part to overlook and not to mention the fact that most of you, people, just wanna sell and quit. We are all in the same boat.
To verify miners pumping you have to first realize it takes about 24hrs for coins to settle on an exchange. Miners must receive their payouts, send to exchange, drop off mining on the network (to reset diff and increase coins received when they start again), pump exchange volume with 1btc, dump all coins, then return to mining and repeat.
It's fairly clear this is what is done with crypto mining. Mining is not done to "support the network" on a large scale. It's done for profiteering and that is it. The little guys are the ones "supporting the network" by adding additional checkers of the blockchain. Unless a large source of hash rate is run by the devs of a project, mining is for profit by farms.
It really is sad Aeon.to shut down. It shows that people are not using Aeon to purchase goods, at least in the public eye.
