Hold + Sell
I started mining a year ago as a hobby and was under the "hold" category. I spent $200 on 2x5770 to get me started. They have just been running in the background for the past year. First I mined in the ars pool until the pool died because the owner had no time to maintain it. Then I switched to solo mining mostly because I had no time to keep up with all the different pool payment schemes. And earlier today, I checked and realized my solo mining had found 2 blocks in the past 10 months!
So I looked up ASIC mining hardware and put in a preorder for one of the devices. So those 2 lucky blocks were sold for more mining hardware, and the remaining from the pool is still being held.
Topic: [Poll] What have you doing with the coins you mined? - page 2. (Read 4683 times)
Apparently, the trend is "Hold" ..given 75% of coins aren't moving around the network, as per this article on Ars
I sell when there's a spike or i need new hardware or to pay bills.
I generally sit on the coins though. I'm mining with 20gh now and have several preorders for asic.
I'm in for the long haul, I expect the price to go way up. The market penetration is so tiny that even if a handful of the population start using it the price will have to double or triple.
I generally sit on the coins though. I'm mining with 20gh now and have several preorders for asic.
I'm in for the long haul, I expect the price to go way up. The market penetration is so tiny that even if a handful of the population start using it the price will have to double or triple.
Now that my hardware is paid off, I'm holding.
Not buying ASIC's?
Yep, but gonna wait till they arrive/reward drops.
Stack em and stack em .. 
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Now that my hardware is paid off, I'm holding.
Not buying ASIC's?
Now that my hardware is paid off, I'm holding.
GHs much? lol.
I ain't producing bitcoin at this momemnt (ordered some ASICs) but I plan to at least sell some coinage to cover electricity costs and equipment depreciation once the gear arrives.
I ain't producing bitcoin at this momemnt (ordered some ASICs) but I plan to at least sell some coinage to cover electricity costs and equipment depreciation once the gear arrives.
I use them to appease my electronics buying impulses. GPUs, SSDs, Bluray players, new monitor, etc. A new FX-8350 is next.
I'm in this for the long haul. Holding all my coins except the ones I sent to BFL for ASIC.
I don't associate selling with not being for the long haul.
What if all miners will hold all the coins mined ? I believe that it will help the Bitcoin economy and Bitcoin adoption if a percentage of the coins mined are "released" into the market. Via exchanges to USD, via sales in BTC, via gifts, whatever.
I'm in this for the long haul. Holding all my coins except the ones I sent to BFL for ASIC.
I don't associate selling with not being for the long haul.
What if all miners will hold all the coins mined ? I believe that it will help the Bitcoin economy and Bitcoin adoption if a percentage of the coins mined are "released" into the market. Via exchanges to USD, via sales in BTC, via gifts, whatever.
I'm in this for the long haul. Holding all my coins except the ones I sent to BFL for ASIC. Oh, I also sent a few to friends to introduce them to the bitcoin concept.
My plan is to Hold & Sell on a monthly basis.
Something like hold 60-70% of the production for the month and sell the rest 40-30%. I'm still tweaking the percentages
Something like hold 60-70% of the production for the month and sell the rest 40-30%. I'm still tweaking the percentages
Right now hold, I'm mining since a couple of month with only a GPU, so I've few earnings and the way to make cash is to expensive for a international transfer, or even MTgox have a minimun to transfers.
Maybe it is Off Topic but may I miss some cheap way to make cash for a European resident?
Regards
My plan is to Hold & Sell on a monthly basis.
Something like hold 60-70% of the production for the month and sell the rest 40-30%. I'm still tweaking the percentages
Something like hold 60-70% of the production for the month and sell the rest 40-30%. I'm still tweaking the percentages
i agree, save em then find use for them/sell them 
save um save um save um
There is a ''Destroy'' option missing.
If you buy stuff with it count it as selling.
if you hold them for 3-6 months and then sell them, consider that as selling.
if you hold them for 3-6 months and then sell them, consider that as selling.
If you buy ASIC's with mined BTC to make more BTC is that still considered selling? Or is that considered super hoarding?
It's considered smart business sense
Holding some, selling some...but I also have cash ready to be converted back into BTC if so desired
selling..
have a couple staggered sell triggers set with groups of them
have a couple staggered sell triggers set with groups of them
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