The pools get a percent don't they?
Most merged mining pools are in mining for the long term, not fly by night scratch-and-burn miners like the GPU miners tend to be, so presumably some of them would have been holding coins for the long term not throwing them away as they get them to drive down the exchange rates?
Heck there is a good chance merged mining pool operators first mined a lot of coins themselves before adding a coin to their merge. Then also look at how mmpool works, it merges all the coins and only gives them out to the users who want them, do they keep for themselves the coins that users did not want?
-MarkM-
Right, 2% is very common. Yeah, that adds up. You scared me, I thought some pools kept them all which would mean they're sitting on millions of coins.
I wouldn't be surprised though if we do have some secret hedge fund buying, if they hit up some of these pools and made a cash offer for their iXcoins.
That's what I would do if I had the money.
And look at how fast the unknown ASICS mining pool is growing. Gee, I wonder who had that kind of money to create such a massive secret pool all of a sudden. Now whoever that is, for sure is hoarding all the iXcoins they're merge mining.
And the guy on Vircurex gave his position away by putting up a 500,000 scarecrow Bluff sell-block. Now I know what I once only theorized, that we've had a huge whale do a lot of stealth buying in iXcoin, since early last year. But I'll keep pretending I'm the largest iXcoin holder.
It makes me feel good about myself...like a new suit - only virtual. Ha!
