Quote from: dzust on September 21, 2014, 08:36:02 AM

Quote from: jjacob on September 21, 2014, 02:38:07 AM

Quote from: mikeymillie on September 20, 2014, 09:48:09 PM

"-Miners typically need to sell their coin immediately as they have invested in equipment that expects a return"

Can someone please clarify for me, in layman's terms, how the investment a miner makes to acquire a coin is any more at risk than the investment a trader makes to acquire a coin? Once the coin is in your wallet, the relative return on that coin, once sold, is identical for both cases isn't it?

Miner: Spent $10 on equipment costs, $90 on power and cooling, received one Bitcoin worth $100

Speculator: Spent $90 on some exchange, $10 on fees, received one Bitcoin worth $100

Why are these two individuals in any different situation once they have turned their non-coin assets into coin? Up until the moment the coin landed in their wallet, their pre-coin assets could have performed wildly different to each other. But once they have been converted to coin, they perform the same? Or am I making the mistake of thinking miners do not see themselves as speculators but as something like 'manufacturers' and are thus not using disposable risk capital to set up their operations?

Miners would like to continue mining and earn bitcoins. So their bills have to be paid out.

Someone have a very big bill to pay and mining is some kind of investmet.

Mining is an investment, which requires coins to be turned around. I would think it is like some kind of working capital cycle.