Ninjastic
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Board Mining speculation
Re: So miners, are you selling your mined btc as soon as you get them?
by
seriouscoin
on 18/01/2015, 02:40:58 UTC
Quote from: Rum152 on January 17, 2015, 11:32:49 PM
Quote from: Fiyasko on January 16, 2015, 02:29:35 PM
Quote from: ChuckBuck on January 16, 2015, 02:27:33 PM
I'm guessing most of the answers here are from home miners.

If you have something like this, you have no choice but to sell your mined BTC soon as you get them to cover electrical and cooling costs:


Perhaps thats the question he's asking "Can you big guys hold your coins for a better price and personally eat the electrical costs untill that better price, or do you have to sell them"
I don't think many miners are going to want to mine bitcoin and then not sell "until they can get a better price". If they were to do this then they would simply spend the money they would give to the electric company on buying bitcoin on an exchange
There is a reason to speculate or invest into bitcoin thro mining.... anonymity.

In many parts of the world, buying bitcoin thro exchange might expose a money trail (think Russia) that might lead to legal issue or even worse (robbery).

Another thing is "virgin coins". So some ppl might invest into mining farms, to get virgin coins (completely ..... taintless)