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Author Topic: should i care about mining as a trader?  (Read 1047 times)
moopser
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September 24, 2017, 06:52:56 PM
 #41

Too much opinions and every has a grain of truth.

I guess that every trader should know basics about mining and track all coin related news considering mining, but still keeping focus on trading.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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palle11
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September 24, 2017, 08:27:00 PM
 #42

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

I would say that mining and trading are different in the sense of purpose. They are not meant to achieve same goals. For instance, trade is to make profit and mining is for sourcing. Hence they are mutually inexclusive but independent from another.
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September 25, 2017, 05:09:58 AM
 #43



Well, yeah. Miners can have a direct impact on prices so you should watch for threats. BCH is a threat on bitcoin as miners flee to it as profitability changes every so often. Also pools mining empty blocks promote bitcoin's transactions being expensive and thus limiting adoption. You should watch for sudden moves from miners.



But I will belivevthats important when they are making big trades in that particular coin. Aldo it won't be affecting on mass scale as long as they are being left from the mining and there are no miners left for confirming the transaction. In regard with value of that coin it will fluctuate more often with investment rather than the mining of that coin. The mining operation would be slow and it will take time to show the direct effect on your coin. Plus check the nature of your coin too because not all of them are mineable. ;-)
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September 25, 2017, 07:22:35 AM
 #44

should i care about mining as a trader? does it affect the coins in anyway?
Mining is extremely important for bitcoins. This is not something anyone can do. If you exploit you will be rich, it will help you create your wallet. You know a bitcoin worth 104 million. I also want to but do not know how to do this?
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September 25, 2017, 09:56:29 AM
 #45

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

For me its a yes.. because mining is a part of getting any kind of coins  or a way of earning it.. it can also influence the coins market.. and ofcourse in mining basically is for your source of fund so if you care for mining you have a source of coin to go on trading because you have fund.

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