There are few and i'm not one of them.
It's hard to keep bitcoin when the market fluctuates a lot and most bitcoin holders would sell when the price is double of what they initially bought at and you can't blame them for that.
Then some forget to sell bitcoins and come to know about them later on.
Topic: Is there any miner who have not sold any bitcoin from the beginning? - page 2. (Read 442 times)
August 12, 2021, 05:22:40 PM
August 12, 2021, 02:20:04 PM
Mining is a thing of the past now. Most of the miners are into trading. I don't think any alive wallet would resist from spending any money. Only case would be if someone is dead or the keys are lost, means the wallet is dead. Other then that i can't believe that someone is out there who just wants to accumulate but not spend.
August 12, 2021, 03:55:52 AM
We knew that the first time bitcoin could be mined using the computer.
Those people run it from their home and never think about if the bitcoin price can rise even for just $1 but some people still run it.
But after the mining process can not be done using a computer and need different hardware, those people stop right away because not all of them can pay for the hardware, which I am sure was very costly.
But those people already have mined many bitcoins and when the price increase to $10, some of them sold it and make money and still hold the other big amount.
But we do not know who are they that still hold bitcoin from the beginning until now because we do not even know who the miner is.
We can check the address in the first year of the bitcoin launch, but we still do not know who the owner of that wallet is.
Those people run it from their home and never think about if the bitcoin price can rise even for just $1 but some people still run it.
But after the mining process can not be done using a computer and need different hardware, those people stop right away because not all of them can pay for the hardware, which I am sure was very costly.
But those people already have mined many bitcoins and when the price increase to $10, some of them sold it and make money and still hold the other big amount.
But we do not know who are they that still hold bitcoin from the beginning until now because we do not even know who the miner is.
We can check the address in the first year of the bitcoin launch, but we still do not know who the owner of that wallet is.
August 12, 2021, 02:25:38 AM
The financial resources and electricity required for mining are a large part of the overhead. There are also daily consumption, and miners mine because they make money.
However, the value of Bitcoin is getting higher and higher, and absenteeism may be reserved when selling Bitcoin and will not be completely sold. Perhaps there will be reservations.
However, the value of Bitcoin is getting higher and higher, and absenteeism may be reserved when selling Bitcoin and will not be completely sold. Perhaps there will be reservations.
August 12, 2021, 02:05:45 AM
Miners need individual living expenses, electricity, and maintenance
one thing that might not happen if from the beginning of mining until today it does not sell it, moreover. mining in large quantities, definitely requires periodic maintenance costs
one thing that might not happen if from the beginning of mining until today it does not sell it, moreover. mining in large quantities, definitely requires periodic maintenance costs
July 02, 2021, 02:30:57 PM
Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?
Is there any way to know this? Unless the miner signs a message from the address he was using for bitcoin mining - no! There are a lot of "frozen" bitcoin addresses and most of them are just dead ones. It's impossible to select unused ones from dead ones because every address is considered dead that has been filled 5 and more years ago and hasn't moved a single satoshi from it.Btw there is one database done by Loycev, if anyone wants to manually check addresses and all the traces associated with them: List of all Bitcoin addresses with a balance
July 02, 2021, 12:18:29 PM
Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?
This is unlikely, it is possible that those that mined bitcoin at the beginning did not sold their coins but they stopped mining a long time ago, we know at least of one example of this variety and this was satoshi, however we need to remember that mining costs are very high and if this is not a hobby but actually an enterprise to make money then at some point you will need to sell your coins in order to raise some capital and pay your bills. July 02, 2021, 11:11:52 AM
the way I think if miners don't sell how will they pay for electricity, worker wages and family living expenses, no one keeps 100% of their mined coins.
July 02, 2021, 09:53:53 AM
I guess there is not any miner who didn't sell bitcoin because the miners will need some money for maintenance and power supply. So, even if they don't take any profit and hold the profits they earn, they will still need some money for the devices to continue the mining, unless some miner pay the maintenance and power supply out of his own pocket and save all the bitcoin they get. In the other hand, I believe even the most experienced miners with high self control power did sell some bitcoin when the priced reached the ath.
July 02, 2021, 08:42:04 AM
There may be people in this category who still have a very stable income in addition to Bitcoin mining. Mining is for the realization of their ideals of decentralization, and even for the progress of the entire civilization. I have been in Bitcoin for too short a time, and I have not met such a pioneer. But I believe they exist, and I hope they exist.
These are what I would consider amateurs. There's always a negative stigma around that word for whatever reason, but I'm not intending to make it sound like they don't have a clue what they are doing. Its basically the entry point, and I would expect the more amateur miners to sell, and buy Bitcoin. Simply because they've likely got into Bitcoin mining with a hobbyist attitude. Of course, they want to make a profit, but they aren't expecting to make significant profits at least in the short term. Plus, because they have to pay off bills, and get their investment back they likely will have to sell their Bitcoin. I would expect the more significant mining operations to be saving their Bitcoin for a rainier day. They almost certainly do exist, even if only partially i.e they sell a share of their Bitcoin mining profits, but are hoarding a significant portion of it.
July 02, 2021, 08:40:25 AM
Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?
We can't say which miner has sold their coins as transactions are made from one wallet to another and only visible thing is the address on the blockchain.But most of the miners prefer to hold the coins due to increase in prices even after the halving the rewards are halfed.In last few days around 40 Bitcoins were transferred from one wallet to another and those btc were mined in early 2009 just after the genesis block so it was anticipated that it was Sathoshi and fake Craig was also claiming it just like other fake claims.So you can't say which miner is holding and which are selling. July 02, 2021, 08:23:01 AM
I don't know the exact answer, but it is difficult to do. The vast majority of people involved in Bitcoin mining are people who want to profit from Bitcoin mining, and some people even borrowed money to buy their mining machines. This is a very common thing in China, where 99.99% of miners need to sell Bitcoin to pay off debts and pay electricity bills. Of course I don’t deny that there are a small number of people who voluntarily become Bitcoin miners because of the great cause of decentralization. Even so, in many cases they still need to sell Bitcoin into legal currency to meet their own needs, such as facing emergencies, unemployment, or illness.
There may be people in this category who still have a very stable income in addition to Bitcoin mining. Mining is for the realization of their ideals of decentralization, and even for the progress of the entire civilization. I have been in Bitcoin for too short a time, and I have not met such a pioneer. But I believe they exist, and I hope they exist.
There may be people in this category who still have a very stable income in addition to Bitcoin mining. Mining is for the realization of their ideals of decentralization, and even for the progress of the entire civilization. I have been in Bitcoin for too short a time, and I have not met such a pioneer. But I believe they exist, and I hope they exist.
July 02, 2021, 08:19:25 AM
Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?
No documented miner who havent sold their bitcoin yet since most of the article I've seen are those people who lost their password in the past or miss placed their hardware wallets. But if there is maybe they select to be silent since they don't want to create a noise and doesn't want to share their wallet activity since this might cause huge risk unto them.
July 02, 2021, 08:18:42 AM
no miners keep all their mining products, all miners definitely don't keep all the results they mine, because they are not robots who don't need to eat and drink, don't need houses, vehicles etc.,, they must sell a little bit of their bitcoins for their needs everyday, buying a house, buying a car, going shopping, etc..
There's probably someone out there who has the money to survive without spending any of those bitcoin that they've mined, remember that back then, it doesn't need a lot to mine the early bitcoins because they were easily done through your own computer and if they are smarter, they can probably use the heat of their mines to heat their place during winter saving money for heating the place. 
July 02, 2021, 08:05:50 AM
no miners keep all their mining products, all miners definitely don't keep all the results they mine, because they are not robots who don't need to eat and drink, don't need houses, vehicles etc.,, they must sell a little bit of their bitcoins for their needs everyday, buying a house, buying a car, going shopping, etc..
There are miners who has mined bitcoin from the start, then forgot or dropped that kind of activity, or have deleted their wallets or their hdd died for instance. Technically they havent sold their Bitcoins.
Another example - I have participated in bounty, got my reward and left wallet open for staking. I have expected altcoin price to go up, but it did not. I've stopped that PoS/PoW mining, closed wallet and forgot about that. I have mined and havent sold.
July 02, 2021, 07:59:15 AM
there are no miners who haven't sold bitcoins from the start of mining, because we all have needs, we have families, maybe they still keep some of their bitcoins, for them to save in their old age.. because we know no matter how strong we are, if we don't eat it will surely die..
July 02, 2021, 07:53:15 AM
I don't know anything about that owners of those addresses where a lots of Bitcoin keeping. Some investors keep it for long periods because they all know something about cryptocurrencies that we all general people don't know.
July 02, 2021, 07:41:36 AM
The system works pseudonymously. We don't know the owners of those addresses and therefore, we don't know their names. And to be honest, if I was a miner who had kept 50 BTC from 2009-10, I would keep my mouth shut. I can guess, though, the unlikeliness that someone never spent a 'toshi since then. Imagine seeing your 50 BTC worth 100x than before. It'd surely be a temptation to not spend them.
July 02, 2021, 07:28:50 AM
Lot of Bitcoins never moved for years from their original addresses so they can be considered early miners who never sold Bitcoin, and Satoshi is also one of them.
Around 4 million Bitcoins didn't move for years, they are now probably lost, and I would guess that many of this coins are coming directly from mining but I can't prove that.
Around 4 million Bitcoins didn't move for years, they are now probably lost, and I would guess that many of this coins are coming directly from mining but I can't prove that.
July 02, 2021, 06:35:56 AM
I don't think so, because the purpose of his mining is to make money. he also needs funds for maintenance costs or to pay for electricity and internet. and I'm sure it all comes from bitcoin mining. so it's impossible for a miner to still hold his first btc until now. because they already sold it.
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