Is there any miner who have not sold any bitcoin from the beginning?

[zanezane]

no miners keep all their mining products, all miners definitely don't keep all the results they mine, because they are not robots who don't need to eat and drink, don't need houses, vehicles etc.,, they must sell a little bit of their bitcoins for their needs everyday, buying a house, buying a car, going shopping, etc..

There's probably someone out there who has the money to survive without spending any of those bitcoin that they've mined, remember that back then, it doesn't need a lot to mine the early bitcoins because they were easily done through your own computer and if they are smarter, they can probably use the heat of their mines to heat their place during winter saving money for heating the place.

[arwin100]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

No documented miner who havent sold their bitcoin yet since most of the article I've seen are those people who lost their password in the past or miss placed their hardware wallets. But if there is maybe they select to be silent since they don't want to create a noise and doesn't want to share their wallet activity since this might cause huge risk unto them.

[clippers]

I don't know the exact answer, but it is difficult to do. The vast majority of people involved in Bitcoin mining are people who want to profit from Bitcoin mining, and some people even borrowed money to buy their mining machines. This is a very common thing in China, where 99.99% of miners need to sell Bitcoin to pay off debts and pay electricity bills. Of course I don’t deny that there are a small number of people who voluntarily become Bitcoin miners because of the great cause of decentralization. Even so, in many cases they still need to sell Bitcoin into legal currency to meet their own needs, such as facing emergencies, unemployment, or illness.

There may be people in this category who still have a very stable income in addition to Bitcoin mining. Mining is for the realization of their ideals of decentralization, and even for the progress of the entire civilization. I have been in Bitcoin for too short a time, and I have not met such a pioneer. But I believe they exist, and I hope they exist.

[aysg76]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

We can't say which miner has sold their coins as transactions are made from one wallet to another and only visible thing is the address on the blockchain.But most of the miners prefer to hold the coins due to increase in prices even after the halving the rewards are halfed.In last few days around 40 Bitcoins were transferred from one wallet to another and those btc were mined in early 2009 just after the genesis block so it was anticipated that it was Sathoshi and fake Craig was also claiming it just like other fake claims.So you can't say which miner is holding and which are selling.

[Welsh]

There may be people in this category who still have a very stable income in addition to Bitcoin mining. Mining is for the realization of their ideals of decentralization, and even for the progress of the entire civilization. I have been in Bitcoin for too short a time, and I have not met such a pioneer. But I believe they exist, and I hope they exist.

These are what I would consider amateurs. There's always a negative stigma around that word for whatever reason, but I'm not intending to make it sound like they don't have a clue what they are doing. Its basically the entry point, and I would expect the more amateur miners to sell, and buy Bitcoin. Simply because they've likely got into Bitcoin mining with a hobbyist attitude. Of course, they want to make a profit, but they aren't expecting to make significant profits at least in the short term. Plus, because they have to pay off bills, and get their investment back they likely will have to sell their Bitcoin.

I would expect the more significant mining operations to be saving their Bitcoin for a rainier day. They almost certainly do exist, even if only partially i.e they sell a share of their Bitcoin mining profits, but are hoarding a significant portion of it.

[Leviathan.007]

I guess there is not any miner who didn't sell bitcoin because the miners will need some money for maintenance and power supply. So, even if they don't take any profit and hold the profits they earn, they will still need some money for the devices to continue the mining, unless some miner pay the maintenance and power supply out of his own pocket and save all the bitcoin they get. In the other hand, I believe even the most experienced miners with high self control power did sell some bitcoin when the priced reached the ath.

[perryxi2]

the way I think if miners don't sell how will they pay for electricity, worker wages and family living expenses, no one keeps 100% of their mined coins.

[Silberman]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

This is unlikely, it is possible that those that mined bitcoin at the beginning did not sold their coins but they stopped mining a long time ago, we know at least of one example of this variety and this was satoshi, however we need to remember that mining costs are very high and if this is not a hobby but actually an enterprise to make money then at some point you will need to sell your coins in order to raise some capital and pay your bills.

[shield132]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

Is there any way to know this? Unless the miner signs a message from the address he was using for bitcoin mining - no! There are a lot of "frozen" bitcoin addresses and most of them are just dead ones. It's impossible to select unused ones from dead ones because every address is considered dead that has been filled 5 and more years ago and hasn't moved a single satoshi from it.

Btw there is one database done by Loycev, if anyone wants to manually check addresses and all the traces associated with them: List of all Bitcoin addresses with a balance

[glendall]

Miners need individual living expenses, electricity, and maintenance
one thing that might not happen if from the beginning of mining until today it does not sell it, moreover. mining in large quantities, definitely requires periodic maintenance costs

[B-Bit]

The financial resources and electricity required for mining are a large part of the overhead. There are also daily consumption, and miners mine because they make money.
However, the value of Bitcoin is getting higher and higher, and absenteeism may be reserved when selling Bitcoin and will not be completely sold. Perhaps there will be reservations.

[traderethereum]

We knew that the first time bitcoin could be mined using the computer.
Those people run it from their home and never think about if the bitcoin price can rise even for just $1 but some people still run it.
But after the mining process can not be done using a computer and need different hardware, those people stop right away because not all of them can pay for the hardware, which I am sure was very costly.
But those people already have mined many bitcoins and when the price increase to $10, some of them sold it and make money and still hold the other big amount.
But we do not know who are they that still hold bitcoin from the beginning until now because we do not even know who the miner is.
We can check the address in the first year of the bitcoin launch, but we still do not know who the owner of that wallet is.

[5thFear]

Mining is a thing of the past now. Most of the miners are into trading. I don't think any alive wallet would resist from spending any money. Only case would be if someone is dead or the keys are lost, means the wallet is dead. Other then that i can't believe that someone is out there who just wants to accumulate but not spend.

[SmokerFace]

There are few and i'm not one of them.
It's hard to keep bitcoin when the market fluctuates a lot and most bitcoin holders would sell when the price is double of what they initially bought at and you can't blame them for that.

Then some forget to sell bitcoins and come to know about them later on.

[Sputnik_]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

I havent sold a single satoshi

Mining since 2010

I pay for my power out of my day job - its cheaper and easier to do and better than the DCA monkeys

plus saves me having to do tax because I havent sold.  Id imagine when the time came Ill have to dig out decades of info -- but for now - couldnt care less





crypto isnt about money - if it is - then youll never make it.

[Marvell1]

It's too hard. All miners need money to pay their daily expenses. For those who mined at the beginning, they couldn't even hold bitcoins until now, because bitcoin has grown very high compared to people's initial expectations.

[yazher]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

If the guy has some sort of multiple sources of income where he doesn't need anything at all to support himself and his family, then that would have been possible but you rarely see people like that. Because most of them don't want to get involve and get some stone to hit their head when things are not right in the crypto market. Only those who see the good opportunity it brings and when the price is going well, they surely put some in the market to further expand their mining power or invest in something that would make their life even better.

[ethereumhunter]

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

I havent sold a single satoshi

Mining since 2010

I pay for my power out of my day job - its cheaper and easier to do and better than the DCA monkeys

plus saves me having to do tax because I havent sold.  Id imagine when the time came Ill have to dig out decades of info -- but for now - couldnt care less
crypto isnt about money - if it is - then youll never make it.

Did you still mine bitcoin until now? How many bitcoins did you earn from 2010 until now? I guess you have a big amount of bitcoin. You can be the richest person in your city if you sell only less than 20 bitcoin, right?

I wonder do you have a target when you want to sell your bitcoin? But geez, it is not easy to hold bitcoin from 2010 until now. You are really a strong hand in holding your bitcoin.

[dansus021]

what do you mean beginning its from earliest know mining or just new miner

if new miner than maybe a lot people that not sold the bitcoin maybe just testing the miner or something else.

is from the earliest mining maybe the sold some to cover up the electricty an hold the rest unless they have free electric but still

maybe one or two people not sell any single bitcoin they have

[nicecrypto]

what do you mean beginning its from earliest know mining or just new miner

if new miner than maybe a lot people that not sold the bitcoin maybe just testing the miner or something else.

is from the earliest mining maybe the sold some to cover up the electricty an hold the rest unless they have free electric but still

maybe one or two people not sell any single bitcoin they have

I agree with you. I wouldn't believe that there could be miners from the very beginning that have not sold a single bitcoin since they started mining since we know there are bills for them to pay since then. I also think the early miners might be in china and with what has happened of late, definitely most would have sold some and it could only be that they have not sold yet.