Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Hunyadi
on 17/09/2014, 11:38:14 UTC

Miners. They make 6 * 24h * 25BTC = 3600BTC/day. They have to sell them to cover the cost of electricity + equipment.

Lot of miners have bought their equipment using btc, so they want to earn btc not usd. Also, lot of miners don't sell everything they make, at this price, you have to be quite desperate to sell the coins.