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Topic: If miners sell coins, where do they sell them? - page 3. (Read 2284 times)

hero member
Activity: 504
Merit: 500
I guess they try to sell them around through excganges and through this forum as well.
It is important that they don't sell them all in the same place so that the price doesn't fall too low.
legendary
Activity: 1078
Merit: 1011
I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same  Cheesy

That only works if Mom pays rent & electricity.

Yes, only home hobbyist miners who spend less than a few hundred dollars a month on the mining electricity and other costs will be able to adopt a mine and hold strategy for very long. Once you scale past a certain size, especially if you need to rent out a place coupled with higher electrical bills (thousands a month), you begin have too many monthly expenses to pay for to not sell at least enough BTC to cover those expenses. Unless of course you are really rich, at which point it may be better to just buy and sell and not worry about all the mining hassle to begin with.
hero member
Activity: 1050
Merit: 529
I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same  Cheesy

That only works if Mom pays rent & electricity.
heh yea maybe but I stay away from mining on my pc anyways. If I ever mine I would use one of cloud miner lel
legendary
Activity: 2674
Merit: 1048
Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?
its hard to answer,i dont knowbecause i'm not miner,and i dont have friends who mine bitcoins,i just guess that miners sell their coins to market,but with several period,they can control bitcoin price on that exchange if they sell so many bitcoins.
full member
Activity: 126
Merit: 100
I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same  Cheesy

That only works if Mom pays rent & electricity.
sr. member
Activity: 350
Merit: 250
Many miners hold their bitcoins, not all of them sell their coins instantly.
Holding is a good strategy right now, I don't see that many people selling their bitcoins.
hero member
Activity: 1050
Merit: 529
I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same  Cheesy
full member
Activity: 126
Merit: 100
being a miner myself i know that i sell some at the exchanges and hold some in the hope of future gains.  Grin

Do you convert to fiat only the amount required to cover the mining costs?

Or you cover part of mining costs with fiat (the equivalent of investing more at the mining operation)?
hero member
Activity: 1106
Merit: 521
being a miner myself i know that i sell some at the exchanges and hold some in the hope of future gains.  Grin
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
Of course miners will sell their coins to some exchange or sell it to someone, but they won't sell all of their Bitcoin at once. Instead, they will sell their bitcoin as much as they need.
legendary
Activity: 1512
Merit: 1012
Where does everyone else sell their coins? Exchanges, OTC, through localbitcoins etc... Miners sell their coins there too.

As for how many you'd have to ask the miners themselves, I guess... But I don't think any big operation will disclose their numbers to you (or anyone of us) in this forum Cheesy
hero member
Activity: 658
Merit: 500
Miners can keep their BTC and even do not sell them, waiting for BTC price increase.  How large is open market BTC volume - it is very hard to say - as BTC market is not regulated by anyone.  Smiley
legendary
Activity: 2870
Merit: 2474
https://JetCash.com
Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?
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