If miners sell coins, where do they sell them?

[Jet Cash]

Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?

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[HeroCat]

Miners can keep their BTC and even do not sell them, waiting for BTC price increase.  How large is open market BTC volume - it is very hard to say - as BTC market is not regulated by anyone. 

[unamis76]

Where does everyone else sell their coins? Exchanges, OTC, through localbitcoins etc... Miners sell their coins there too.

As for how many you'd have to ask the miners themselves, I guess... But I don't think any big operation will disclose their numbers to you (or anyone of us) in this forum

[Jeremycoin]

Of course miners will sell their coins to some exchange or sell it to someone, but they won't sell all of their Bitcoin at once. Instead, they will sell their bitcoin as much as they need.

[calkob]

being a miner myself i know that i sell some at the exchanges and hold some in the hope of future gains. 

[vilain]

being a miner myself i know that i sell some at the exchanges and hold some in the hope of future gains. 

Do you convert to fiat only the amount required to cover the mining costs?

Or you cover part of mining costs with fiat (the equivalent of investing more at the mining operation)?

[jtipt]

I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same 

[BitsandBites]

Many miners hold their bitcoins, not all of them sell their coins instantly.
Holding is a good strategy right now, I don't see that many people selling their bitcoins.

[bargainbin]

I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same 

That only works if Mom pays rent & electricity.

[EdenHazard]

Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?

its hard to answer,i dont knowbecause i'm not miner,and i dont have friends who mine bitcoins,i just guess that miners sell their coins to market,but with several period,they can control bitcoin price on that exchange if they sell so many bitcoins.

[jtipt]

I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same 

That only works if Mom pays rent & electricity.

heh yea maybe but I stay away from mining on my pc anyways. If I ever mine I would use one of cloud miner lel

[Za1n]

I think they just keep it till price increases, i am just assuming this as if i was a miner i would do the same 

That only works if Mom pays rent & electricity.

Yes, only home hobbyist miners who spend less than a few hundred dollars a month on the mining electricity and other costs will be able to adopt a mine and hold strategy for very long. Once you scale past a certain size, especially if you need to rent out a place coupled with higher electrical bills (thousands a month), you begin have too many monthly expenses to pay for to not sell at least enough BTC to cover those expenses. Unless of course you are really rich, at which point it may be better to just buy and sell and not worry about all the mining hassle to begin with.

[BTCBinary]

I guess they try to sell them around through excganges and through this forum as well.
It is important that they don't sell them all in the same place so that the price doesn't fall too low.

[Jet Cash]

My interest is in how many mined coins are sold. If an exchange owns a mining firm, then those coins will go into stock, and will only be sold if demand is there. If a pension fund owns a mining farm so that it can obtain coins at a discount, then those coins won't hit the market. If miners decide that returns are low, and sell their business to a pension fund, then that will withdraw those coins. Obviously there are many more possibilities. With the current value of Bitcoin, the halving is probably going to change the supply chain for Bitcoins.

[bargainbin]

My interest is in how many mined coins are sold. If an exchange owns a mining firm, then those coins will go into stock, and will only be sold if demand is there. If a pension fund owns a mining farm so that it can obtain coins at a discount, then those coins won't hit the market. If miners decide that returns are low, and sell their business to a pension fund, then that will withdraw those coins. Obviously there are many more possibilities. With the current value of Bitcoin, the halving is probably going to change the supply chain for Bitcoins.

You're not going to find the necessary data -- most of the farms aren't publicly traded, so aren't required to disclose their financials. So they do not, because why would they?
>miners decide that returns are low, and sell their business to a pension fund

[gentlemand]

The big  scale miners would have to be pretty dim and desperate to sell on exchanges. You'd be far better off setting up an ongoing buy with OTC customers. No slippage. No middle men. No way of getting shut down.

There won't be much or any difference on the exchanges post halving. There are always plenty of coins up for sale.

[SFR10]

There's no exact way to measure how many mind coins are being sold on the open market but to give a guess, I would say around 40% - 60% are being sold. Mostly miners use exchanges but in the past , when I still used to mine, I sold some using facebook (got few local buyers) and did everything almost online. They needed some fractions of BTCitcoin and I asked them to wire the equal amount to my bank and then I sent them the required amount as well. AFAIK back in the days, social networks where also a large market for buy and sell of BTCitcoin (not sure now).

[Amph]

Miners can keep their BTC and even do not sell them, waiting for BTC price increase.  How large is open market BTC volume - it is very hard to say - as BTC market is not regulated by anyone.  

no they cannot, they need to sell at least 1/4 of they earning for maintanance and electricity, so i believe they sell them on exchange and maybe privately? but i doubt, mostly are sold on exchange

[magemist]

I don't think miners sell it them selves as their job is to mine. They allow delgated people to do that for them.
Usually they put it in to exchanges to try and make more or invest it.

[Pk880058]

I don't think miners sell it them selves as their job is to mine. They allow delgated people to do that for them.
Usually they put it in to exchanges to try and make more or invest it.

I think your reply is some what to the point. They wont sell the bitcoins but they do trading and some of them i think started the gambling sites and some of them have started the cloud mining sites. like this they invest and earn on that investment.