should i care about mining as a trader?

[CrypTrends]

should i care about mining as a trader? does it affect the coins in anyway?

[dothebeats]

As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

[gamerfan]

Yes, you could care because mining specs, mining time, mining reward, etc. all these things can influence market price and coin growth. I think before investing in a coin you should know all the main informations about this coin.

[mobnepal]

Supply and demand plays a key role in bitcoin trading, new coins are generated on every 10 minutes through mining that can affect supply of the coin so yes you should care about current mining difficulty, total mining power, next difficulty adjustment date and many other technical details/updates if you are trading bitcoin.

Along with news and updates, shift of mining power between bitcoin and its clones can easily affect the price like it have affected few days ago.

[omonuyak]

Yes you are trading and you have to do that in other to be able to profits from the mining business. Mining though look like farm but you should understand that you are trading within the network. Trading is buying low and sell high for profit and we have to see mining the same.

[shinratensei_]

Yes you are trading and you have to do that in other to be able to profits from the mining business. Mining though look like farm but you should understand that you are trading within the network. Trading is buying low and sell high for profit and we have to see mining the same.

Your word is senseless. The mining has the different purpose with trade, The trade just to generate a bunch of money for your life and mining just to keep the decentralization of the network. By the way you may need to read again about the difference between trading and the mining.

[CyberKuro]

As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

Consider hash power and how much the miners could generate coins, yes it could be useful in case of these miners sell out their coins.
But, doesn't mean coins prices will be dump hardly. The day of their payout is daily obviously for the big miners and there is no way to know when they will sell it, whether daily, weekly or whenever they need to.

[john2231]

I think you don't need to know about mining if you are a traders because you are just analyzing only the movement of the price.
Mining equipment is just a miner that can mine altcoin or bitcoin..  But there is 2 types of coins Pow and Pos
in Pos you don't need high specs of computer to mine altcoin and PoW are need to buy equipments from bitmain or for altcoin you need to build high core speed or high GPU specs to mine with fast hash rate..  that i thin also need to care if you are using your mined coins to trade but if you are just a trader and you have all capital to invest in buying altcoin well i think you don't need to care about mining ..

[xuan87]

Unfortunately yes, mining is one of the way to earn, trading is based on supply and demand, so mining can add more supply and that can caused the price to change and by mining we can see how many people that is interested in that coin, as a trader we need to see a lot of factors to speculate and mining is one of that factor

[weblouartisan]

should i care about mining as a trader? does it affect the coins in anyway?

You will only care if you really have a mining rig because mining depends on how strong is your gpu because it has different hash power. But in terms of pricing in the market place, yes it affects the movements of the price because coins that will be mined will eventually sold to the market and the demand will decrease.

[MiXxe]

should i care about mining as a trader? does it affect the coins in anyway?

Yes ,it is one of the assets or specifications in a Altcoin. We can say that you are not directly affected if you don't know but you should be include it in your researches in a altcoins that you are investing . In my knowledge mining or the amount to be mine will contribute and related to the supply of a coin like bitcoins or bitcoin mining etc..

[lovesybitz]

should i care about mining as a trader? does it affect the coins in anyway?

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

[Yuhee]

should i care about mining as a trader? does it affect the coins in anyway?

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

Well its up to the owner also. Because for me i am not a miner but at least i know how mining helps the blockchain in the transactions. Though if you can do both then its better. But i guess if you are already a miner, trading is not really a good thing for you. There are many kinds of miners and technologies for mining so i guess those who uses GPU still are in trading for extra profit. All maybe are trading but what you mine you will sell it also so its just the same.

[virasog]

My name isn't going to produce anything for you. The only reason to mine in the past before trading was to put together your starter cash. There's simply no way that's going to happen these days. The only time we mine anything at all is some of the brand new coins and then we quickly mine a bunch of coins and hold those to see what happened to us of them. But for trading, your starter money pretty much has to come from your finances..

[mrayazgul]

My name isn't going to produce anything for you. The only reason to mine in the past before trading was to put together your starter cash. There's simply no way that's going to happen these days. The only time we mine anything at all is some of the brand new coins and then we quickly mine a bunch of coins and hold those to see what happened to us of them. But for trading, your starter money pretty much has to come from your finances..

Granted you could start for a small about like $20 , just as long as you're not betting anything that you can't afford to lose, and yeah I used the word betting on purpose, lol.

[n4poleon]

Yes, miners are the ones responsible of your transactions being confirmed when you're doing deposits and withdrawals at an exchange. Without them I don't think liquidating your position is possible. Plus they are the ones putting new bitcoins in circulation. 

[Vikingr]

should i care about mining as a trader? does it affect the coins in anyway?

Yes it is mate, because all what happened now bitcoin mining or altcoin mining has a big connection on what's happening in this field of industry. even for the price value of bitcoin. I know time will come that if your profit is enough you could have your own mining rig in your home then you will one of the mining supporters of bitcoin.

Absolutely it is. As said here that there is a strong connection between bitcoin mining and what all happening with bitcoin price day by day. So yes if you are interested to make things good and if you have enough profit by it then you can be a supporter of mining and there will be your play in market ups and downs.

[jmigdlc99]

Yes, you should definitely care about mining. The first reply pretty much sums up why:

As a matter of fact, yes. Though you are not directly knowing what's happening in the scene, you should still know some important things about it. First is the date of their payout. Usually I use this one since some miners just carelessly dump their mined coins in the market without knowing the price. This could be turned into a profit later on if the price went down hard. Next is whether there are a significant amount of hash power directed towards the coin you're interested in. More hash power = more support and probably more interest in the said coin.

But simply put, you need to know whats going on with the coin not only in terms of value, but in all other aspects as well, project development, mining, road map, etc.

[frowsiter]

should i care about mining as a trader? does it affect the coins in anyway?

Don't find any logic behind connecting them. I know mining of one coin would add up the more value to it but that is too diluted speculation. The investment made by whales, that is big volumes and exchanges would actually affect the price of coin. The mining is another side of the coin, it is connected but not on large scale.


It will just add up new coins, it will confirm the transaction on blockchain etc that's the main principle of mining. As trader you should focus on investments made to that coin on daily basis.

[olushakes]

For me, I don't mind the miners they do their thing while I do my thing the crypto space is enough for everyone to make sure everyone can feature very well in all spheres and with one not affecting the other. Miners make money by making the transactions go through while I as a trader makes that possible by carrying out those transactions. So, we all contributed our quota to the success of things.