Well, I'm pretty sure that miners (even with subsidized electricity) are selling over 90% of what they mine just to make expenses. And it's not terribly unlikely that some are selling 100%.
Make no mistake, mining is mostly about making spendable money. And the way to make bitcoins spendable in the wider economy, is to trade them for fiat.
Topic: Bitcoin IS basically DESTROYED - page 23. (Read 47260 times)
the ones who control most bitcoins has more to lose.
Miners aren't necessarily the ones who control most bitcoins! The early adopters control a large amount, the future miners have less than one-third of bitcoins left to mine the rest of this century.Early adopters sold at a price of 10$ thinking they reached the moon.
the ones who control most bitcoins has more to lose.
Miners aren't necessarily the ones who control most bitcoins! The early adopters control a large amount, the future miners have less than one-third of bitcoins left to mine the rest of this century. 
more efficient solutions are emerging. Bitcoin was just a step.
Bitcoin was just a step but a big step. It is reality in the future there will be allot of other paying methodslike this. bitcoin is the future of paying online trust me it will happen. Not so fast but it will
happen for sure.
the ones who control most bitcoins has more to lose.
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
Nope but I had some Chinese-made goods go bad or not functioning right out of the box upon arrival
Jokes aside people should not hate on the Chinese because they are also human beings like us, the general concern is that they can control the Blockchain network at will and as we all know the Chinese condone unscrupulous business ethics.
Holy shit, do you really believe that!
Mark Karpeles (MtGox, largest exchange fraud in Bitcoin history) = French
Trendon Shavers (Pirate@40 scam, largest scam in Bitcoin history) = Texas redneck
Nasser Ghoseiri, Josh Zerlan, Sonny Vleisides, Jody Drake, Dave McClain (Butterfly Labs, largest mining hardware scam in Bitcoin history) = God Fearin Merricans
It's clear that the biggest collection of scumbag business people in Bitcoin have come from the west not the east. I'd sure as hell trust a Chinese business before an American one.
yes i agree with that,its not fair if we blame china for "greedy" on bitcoin or another things related bitcoin,as we see many people even worst than it,and i'm sure scammer from china not all come from chinese,i mean might they live in china,but they not chinese. 
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
Nope but I had some Chinese-made goods go bad or not functioning right out of the box upon arrival
Jokes aside people should not hate on the Chinese because they are also human beings like us, the general concern is that they can control the Blockchain network at will and as we all know the Chinese condone unscrupulous business ethics.
Holy shit, do you really believe that!
Mark Karpeles (MtGox, largest exchange fraud in Bitcoin history) = French
Trendon Shavers (Pirate@40 scam, largest scam in Bitcoin history) = Texas redneck
Nasser Ghoseiri, Josh Zerlan, Sonny Vleisides, Jody Drake, Dave McClain (Butterfly Labs, largest mining hardware scam in Bitcoin history) = God Fearin Merricans
It's clear that the biggest collection of scumbag business people in Bitcoin have come from the west not the east. I'd sure as hell trust a Chinese business before an American one.
Post updated with reference to above post
~CfA~
To be honest if China owned that much it really would be bad. It wouldn't be decentralised anymore...
why if China owned
they already do own that much
To be honest if China owned that much it really would be bad. It wouldn't be decentralised anymore...
I'm looking at those big letters DESTROYED..
I don't think this is th case for real, and i dont know why those nonsense topics are allowed at the first place?
It's called free speech and healthy debate. Don't be scaird.I don't think this is th case for real, and i dont know why those nonsense topics are allowed at the first place?
Exactly. Besides that, Bitcoin's network doesn't care about the crackpots and the doomsday merchants. If it were capable of being damaged by a few words from a deranged loon, this little experiment would have ended long ago. It will continue to generate blocks approximately every ten minutes, regardless of how many times people say it's going to be destroyed. If people are foolish enough to allow themselves to relent to fear and panic-selling based on threads like this, it just means cheaper coins for the rest of us.
I think that affirmation is just silly, it doesn't matter where there is more mining, bitcoin will not be ruined, don't worry guys.
Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.
The entire ecosystem is headed for a clusterfuck.
The entire ecosystem is headed for a clusterfuck.
I honestly believe this is the truth. What is there to add ?
~CfA~
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
They fed me my own cat.
It's not China hate, it's frustration with Bitcoin being so fundamentally broken that it only makes sense to mine it in China.
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
Nope but I had some Chinese-made goods go bad or not functioning right out of the box upon arrival
Jokes aside people should not hate on the Chinese because they are also human beings like us, the general concern is that they can control the Blockchain network at will and as we all know the Chinese condone unscrupulous business ethics.
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
hahaha! Or maybe they used their sharinggan eyes to himBitcoin is destroyed! Long live Bitcoin!
No way bitcoin is not destroyed it still on growing and growing. Don't believe rumors around.
Just because China is controlling a large portion does not mean bitcoin is "ruined". Im sure more opportunities will come up, making bitcoin more accessible. It is growing in popularity however, and on an increase in value.
Why all the Chinese hate? Someone beat you up with chopsticks when you were a little boy?
Bitcoin is destroyed! Long live Bitcoin!
There's still demand and supply. Now awaiting the results of halving 
Halving is still pending and not happening yet. Demand today is very high because there are many buyers as for the coming halving.
But after the halving supply will decrease I think.
More and more people are getting into bitcoins because of possible profit.
Just to note isnt for possible profit is to make fast money with bitcoin,several companies offering their services and investing into bitcoin,whales as well making the pumps happend while in a while,if you lucky to be at the same coin that will be pumped well you can make 30x your investment,but its pure lucky ,i believe eth its on the radar of them ,soon or later it will achieve the 0.05btc its a question of when.
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