they just join a mining pool, work together and share the rewards..
this can increase the speed and reduce the difficulty in mining putting profitability in reach...
Topic: What are miners doing with their profits? (Read 3160 times)
"We" the miners are reinvesting 100% of profits on hash power, after tax, bills, salary etc.
The importance of progressive, exponential hash rising due to profit reinvestment is too attractive for any miner...
The importance of progressive, exponential hash rising due to profit reinvestment is too attractive for any miner...
Ok, nice to see such support from miners, even smaller ones.
Now we can see that the miners are very supportive of the community, and now just look for quick bucks.
"We" the miners are reinvesting 100% of profits on hash power, after tax, bills, salary etc.
The importance of progressive, exponential hash rising due to profit reinvestment is too attractive for any miner...
The importance of progressive, exponential hash rising due to profit reinvestment is too attractive for any miner...
Maybe some of the big boys ain't making so much profit right now and are buying themselves some future power. Think how influential you'd be if it really takes off.
I have a feeling that most timers are already thinking about how influential they'll be once Bitcoin takes off, and I have a feeling they are very confident that Bitcoin will take off.Regardless, though, they can still make a lot of money regardless where Bitcoin does go.
Maybe some of the big boys ain't making so much profit right now and are buying themselves some future power. Think how influential you'd be if it really takes off.
I don't believe the small time miners are making profit at all the current mining market seems to be very much focuses for big time miners. Small time miners or home miners are not able to make any profit at all. Not since a year or so.
So what are they doing?
Paying the electricity bills with their salary, and using the mined bitcoins to hoard it ,and later on hoping that the price will go up so that they break even?
I think so, and i hope they will break even!
I don't believe the small time miners are making profit at all the current mining market seems to be very much focuses for big time miners. Small time miners or home miners are not able to make any profit at all. Not since a year or so.
Right now, with the BTCitcoin I get from mining it usually goes towards gas, food, goods, you name it. Right now I'm slowly saving up for the new Bitfury miner and I'll hopefully have coin for one when it is released, if not after release hopefully some one will sell them online for a few coins less.
But most of my bitcoin I used to just trade, buy low, sell high. Stuff like that. Try and make a few more bits in between dumps and pumps
But most of my bitcoin I used to just trade, buy low, sell high. Stuff like that. Try and make a few more bits in between dumps and pumps
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
Holding and trading are better ways to make bitcoin than just selling; a good trader can make money from his miners even if the miner has negative roi assuming the market is good. holding isn't a good idea at the moment, because btc seems to be holding at the price of 400 at the moment. But yes , most miners do sell their bitcoin as it is the best and safest option besides trading or holding.But you'd make MORE if you didn't mine, in that case.
I tend to hold when I think the price is low, and sell when I think it's high - hasn't gotten low enough the last few months for me to buy, and it's getting close enough to the halfing that I'm almost ready to reset my "buy/hold/sell" thresholds.
Yes mining has become harder and harder. But some still make profit so i would not say all not mine. It all depends on many different variables. Just really a lot of differences.
And having investors know about long before, so I don't see one big jump maybe gradual. It's all speculation. But I plan on holding way longer then past having. Some day I will look back and say I was smart or an Idiot... could be either and I realize it.
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
Holding and trading are better ways to make bitcoin than just selling; a good trader can make money from his miners even if the miner has negative roi assuming the market is good. holding isn't a good idea at the moment, because btc seems to be holding at the price of 400 at the moment. But yes , most miners do sell their bitcoin as it is the best and safest option besides trading or holding.But you'd make MORE if you didn't mine, in that case.
I tend to hold when I think the price is low, and sell when I think it's high - hasn't gotten low enough the last few months for me to buy, and it's getting close enough to the halfing that I'm almost ready to reset my "buy/hold/sell" thresholds.
Honestly, is their really money to be made with mining. I mean being a home miner not a big firm with enough money?
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
If you get to mine ETH long before it went 0.02 you could have profited 10x for what it is now. And so if you have mine btc long before it reach 1200 USD you should have been celebrating. I'm no miner but I can see some mine altcoins which they think can grow and they are easy to mine during the start..maybe you wanna check WARP coin.
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
only 1/4 are sold, you can do an easy math based on the consumption and the earning to see this, unless they are buying new HW every day, but even in this case those will roi fast
the theory behind which miners are selling 3600 coins a day is flawed, they are not selling even 50% i believe, there is no reason, it's better to speculate now that the halving is coming
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
Holding and trading are better ways to make bitcoin than just selling; a good trader can make money from his miners even if the miner has negative roi assuming the market is good. holding isn't a good idea at the moment, because btc seems to be holding at the price of 400 at the moment. But yes , most miners do sell their bitcoin as it is the best and safest option besides trading or holding.Trading is not something simple or it would be easy money. Day traders yes can gain huge profits but if your on the wrong side of it you lose lots of money. It's much easier to say trading then actually doing it.
Long term holding is much easier, and should be less risky. I prefer long term holding for general public over trying to trade large amounts. I urge caution when trading.
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
Holding and trading are better ways to make bitcoin than just selling; a good trader can make money from his miners even if the miner has negative roi assuming the market is good. holding isn't a good idea at the moment, because btc seems to be holding at the price of 400 at the moment. But yes , most miners do sell their bitcoin as it is the best and safest option besides trading or holding. 
Most of the coins are likely being sold to pay for mining expenses at these levels unless there is evidence that most miners are real speculators and they are off-setting their expenses so they can take a mine & hold strategy?
Honestly, is their really money to be made with mining. I mean being a home miner not a big firm with enough money?
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
That is a lot on poor countries, so many guys from there might sell and have their money in their pockets to 'feel good'.
But who knows, this metric doesnt really tell anything.
I look for more scientific statistics if there is any available.
Honestly, is their really money to be made with mining. I mean being a home miner not a big firm with enough money?
Right now, no. But there have been times in the past and probably will be a time in the near future that home miners will be able to mine for a profit again - if your electric is cheap enough.
In the old times I used to re-invest, now I have much less time and my rigs are often offline. Making profit with home mining is more and more difficult 
My BTC profits go to cover the losses I made "investing" in scam altcoins. I'm attempting to achieve coin equilibrium.
Honestly, is their really money to be made with mining. I mean being a home miner not a big firm with enough money?
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
I doubt it. I bought a lot of S3's a while back and my earnings were just around 1k.
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