Bitcoin Forum
May 21, 2024, 03:07:27 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Guess the percentage of BTCs mined and immediately sold  (Read 812 times)
johnwhitestar (OP)
Sr. Member
****
Offline Offline

Activity: 697
Merit: 262


Slimcoin - the Proof of Donation inventors!


View Profile
March 07, 2013, 03:43:03 PM
 #1

Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

Blazr
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1005



View Profile
March 07, 2013, 03:50:18 PM
 #2

Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

I don't think there is a way to figure that out.

johnwhitestar (OP)
Sr. Member
****
Offline Offline

Activity: 697
Merit: 262


Slimcoin - the Proof of Donation inventors!


View Profile
March 07, 2013, 03:52:51 PM
Last edit: March 07, 2013, 05:11:19 PM by johnwhitestar
 #3

Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

I don't think there is a way to figure that out.

There has to be some connection.
For instance if the current quantity of BTCs we can mine is 36000 a day and the trading volume is 175000 a day does it mean either that the mined BTCs change 4 times a day the owner, if sold completely, or, if not, more than 4 times a day?

Probably someone who is very good in statistics we'll have no difficulty to calculate it.

We have others parameters as well: the current price of BTCs and how much fiat the miner would need to cash out to cover his costs.

Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
March 07, 2013, 09:13:49 PM
 #4

Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

Who mines the blocks?  Mostly pools.  So the pools do have payouts that might be tracked, but you can't know if the individual payouts are to hosted (shared) EWallet addresses or addresses for local Bitcoin clients. 

There are still many block mined back before pools existed in which still have not been spent.  So with those it can be determined that they haven't been sold.  But nowadays that's pretty much impossible to determine.

Welcome to the world of pseudonymous digital currency.

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!