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Author Topic: what is the demand for newly mined bitcoins?  (Read 173 times)
impact.affiliate
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July 18, 2020, 11:47:31 PM
 #1

I was wondering if there is a demand for newly mined bitcoins or bitcoins that have a small transaction history.  The question is, are there many people willing to buy such cue bitcoins for a price higher than the market price?

 I started googling but never found such offers. More than once I found that miners sell their crypto on OTC exchanges. Is there someone who sold on OTC exchanges?
 Tell me where the miners communicate to sell their crypto?
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July 19, 2020, 01:42:25 AM
 #2

There is a demand for newly minted btcs.

--> https://bitcoinexchangeguide.com/institutional-investors-are-scooping-up-all-the-newly-minted-btc-leaving-not-much-left-to-buy/

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July 19, 2020, 07:36:16 AM
 #3

Why should there be less demand for new bitcoins than for those that have been mined for a long time?
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July 19, 2020, 08:38:20 AM
 #4

Why should there be less demand for new bitcoins than for those that have been mined for a long time?
Buyers want a stainless bitcoins.

That's why some transactions if it's for the newly minted coins, they are at premium price.

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July 19, 2020, 10:52:25 AM
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Why should there be less demand for new bitcoins than for those that have been mined for a long time?

“Old” or “pre-fork” bitcoins can be held at addresses containing various altcoins making them more valuable in a sense.


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July 19, 2020, 05:36:25 PM
 #6

Why should there be less demand for new bitcoins than for those that have been mined for a long time?

“Old” or “pre-fork” bitcoins can be held at addresses containing various altcoins making them more valuable in a sense.

Hi! What do you mean about - “can be held at addresses containing various altcoins” - on one address can be only one cryptocoin, right?
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July 21, 2020, 07:06:54 PM
 #7

Why should there be less demand for new bitcoins than for those that have been mined for a long time?

Because a lot of old bitcoins have criminal transaction history, not all exchangers accept such coins.
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July 21, 2020, 08:17:00 PM
 #8

Why should there be less demand for new bitcoins than for those that have been mined for a long time?

“Old” or “pre-fork” bitcoins can be held at addresses containing various altcoins making them more valuable in a sense.

Hi! What do you mean about - “can be held at addresses containing various altcoins” - on one address can be only one cryptocoin, right?

He is refering to Bcash - BSV (BGT BTP BTD .....) and other projects that used a specific block on the BTC  blockchain to give rights to coins on a different blockchain.

If you had an address with BTC before the BCH fork (2017 ?), then, on the BCH wallet, you can import your BTC private key and have the equivelent amount of coins into the BCH format.  That only works if you had the coins prior to that block height.

it ain't much but it's honest work
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July 22, 2020, 01:13:59 AM
 #9

Imo there is no difference. Otherwise there would be 2 different btcs on the market and one of them would cost more.
There is no such thing obviously
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July 22, 2020, 06:38:58 AM
 #10

Buyers want a stainless bitcoins.
“Old” or “pre-fork” bitcoins can be held at addresses containing various altcoins making them more valuable in a sense.
I think I get it. Thank you.

Because a lot of old bitcoins have criminal transaction history, not all exchangers accept such coins.
Shouldn't that be a decisive factor for the new bitcoins? After all, they haven't a history of illegal transactions. Or am I missing something?
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July 22, 2020, 02:54:14 PM
 #11


Because a lot of old bitcoins have criminal transaction history, not all exchangers accept such coins.

How would they go through tens or even hundreds of thousands of transactions a day just to find those "stained" ones? Unless there are recent hack cases, I doubt they would screen through each deposit.

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July 22, 2020, 03:21:16 PM
 #12


Because a lot of old bitcoins have criminal transaction history, not all exchangers accept such coins.

How would they go through tens or even hundreds of thousands of transactions a day just to find those "stained" ones? Unless there are recent hack cases, I doubt they would screen through each deposit.
Some exchanges blacklist specific address from deposit,if the money os deposited from those addresses then account might be frozen until they get clarification.Surely they cannot track all the addressee but they can track from where the money got stolen but the real reason behind the people buying newly minted coins is not the criminal activities.

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July 22, 2020, 04:08:58 PM
 #13

 I read somewhere on this forum in the past that the freshly mined ones are sold abit higher than the normal Bitcoin price to certain investors who are avoiding so called tainted coins. I am not sure where transactions take place. It's probably called virgin/clean coin or something.



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impact.affiliate
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July 22, 2020, 06:36:11 PM
 #14


Because a lot of old bitcoins have criminal transaction history, not all exchangers accept such coins.

How would they go through tens or even hundreds of thousands of transactions a day just to find those "stained" ones? Unless there are recent hack cases, I doubt they would screen through each deposit.
Some exchanges blacklist specific address from deposit,if the money os deposited from those addresses then account might be frozen until they get clarification.Surely they cannot track all the addressee but they can track from where the money got stolen but the real reason behind the people buying newly minted coins is not the criminal activities.

Read this. Yes, they cannot track all transactions. Perhaps there is some kind of conspiracy between exchanges and crime .
https://news.bitcoin.com/study-exchanges-accepted-1-3-billion-in-bitcoin-stemming-from-high-risk-addresses/
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August 22, 2020, 08:00:34 PM
 #15

I read somewhere on this forum in the past that the freshly mined ones are sold abit higher than the normal Bitcoin price to certain investors who are avoiding so called tainted coins. I am not sure where transactions take place. It's probably called virgin/clean coin or something.
Mining farms sell the newly minted coins for the premium price I guess and the reason is true because if there is a currency it may have traces of used for illegal purpose so who never wanted to get into such risk pays a bit more and horde bitcoins for long term.

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August 22, 2020, 08:24:32 PM
 #16

Like some people have stated earlier newly mined / minted Bitcoins sell for a slight premium because they have no traces of other transactions and as some people are worried that the Bitcoin they buy have some fraction of a bitcoin with fraudulent activity they buy them directly from some pools for a slight premium. people who do this also usually stash these coins away for a longer period of time so that in the future they can be sure that they won't get into any trouble because some small fraction of their Bitcoin might have had a shady past.
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August 29, 2020, 02:09:00 PM
 #17

What do you think about an idea - auction sell/buy virgin/freshly mined bitcoin.

For example, farmer came to a bitcoin auction and create listing for selling just mined bitcoin. Person that interested in it start placing bets, like on eBay.

Your thoughts?
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