Bitcoin Forum
March 25, 2017, 04:14:39 AM *
News: Latest stable version of Bitcoin Core: 0.14.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: What do you do with MOST of your freshly mined bitcoins?
Save it.
Spend it.

Pages: [1]
  Print  
Author Topic: Poll: Miners, what do you do with your fresh btc?  (Read 2203 times)
fivemileshigh
Full Member
***
Offline Offline

Activity: 136


View Profile
January 26, 2012, 09:12:11 AM
 #1

Hi guys, I'm an old newb (lol  Smiley ). And I'm trying to understand bitcoin better before I jump in with both feet and significant cash.

One thing I'm a bit unclear of is what percentage of the total btc transacted is made of freshly mined bitcoins. Right now I haven't the foggiest idea. I don't even know if it's possible to figure it out, but I'd like to try via this poll. If you could click an answer I would appreciate it. I'm only looking for a rough estimate, so please click on the answer corresponding to what you do with the majority of your mined btc.

A simpler way of asking this would be, why do you mine? (fun aside Smiley ) To spend or save?

Thanks in advance!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1490415279
Hero Member
*
Offline Offline

Posts: 1490415279

View Profile Personal Message (Offline)

Ignore
1490415279
Reply with quote  #2

1490415279
Report to moderator
1490415279
Hero Member
*
Offline Offline

Posts: 1490415279

View Profile Personal Message (Offline)

Ignore
1490415279
Reply with quote  #2

1490415279
Report to moderator
P4man
Hero Member
*****
Offline Offline

Activity: 518



View Profile
January 26, 2012, 09:23:02 AM
 #2

I voted spend. I try to save a bit, but as with other currencies, I am better at spending than saving Cheesy.

 I try to fund my bitcoin "farm" expansion solely with bitcoins mining revenue. Electricity cost is not a factor for me, so anything I mine is profit, I spend most of that in acquiring more mining hardware. Started with a single 4870 (yes, ouch), now I have ~2 GH spread over 3 machines with ample empty PCie slots, that I plan to fill in the next months. This way, I cant really lose. If bitcoin value plummets, I still have hardware thats worth something. If it explodes, Ill be able to generate some actual revenue until difficulty catches up, and some coins saving.

Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218


Michael, send me some coins before I hitman you


View Profile
January 26, 2012, 09:49:44 AM
 #3

Invest. (spend?)

Don't mix your coins someone said isn't legal
Costia
Newbie
*
Offline Offline

Activity: 28



View Profile
January 26, 2012, 10:16:15 AM
 #4

hoard Smiley
tonto
Hero Member
*****
Offline Offline

Activity: 848



View Profile
January 26, 2012, 02:47:33 PM
 #5

I'll always save a few (for the "just in case" they ever explode in value into the $1000+/ea)
 
But otherwise I spend them on new gaming equipment, since it's so much an unknown right now, I like getting physical things.  Tangible things have more value to me than money of any kind.  It's why rich people love inflation... it props up their assets. Smiley
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
January 26, 2012, 02:50:53 PM
 #6

Not sure what you me by "freshly minted".  Only solo miners, 2pool & Eligus pool miners would have "freshly minted coins". Anyone in a "normal" pool gets paid in used coins by the pool operator.
Costia
Newbie
*
Offline Offline

Activity: 28



View Profile
January 26, 2012, 03:07:57 PM
 #7

Not sure what you me by "freshly minted".  Only solo miners (and p2pool & Eligus pool miners) would have "freshly minted coins" anyone in a pool gets "used coins".
nope
in p2pool you get mined coins
in the gui they show up as mined, and in block explorer as "generated"
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
January 26, 2012, 03:23:14 PM
 #8

Not sure what you me by "freshly minted".  Only solo miners (and p2pool & Eligus pool miners) would have "freshly minted coins" anyone in a pool gets "used coins".
nope
in p2pool you get mined coins
in the gui they show up as mined, and in block explorer as "generated"

Um see bolded portion.

I edited the text to make it a little more clear.
Costia
Newbie
*
Offline Offline

Activity: 28



View Profile
January 26, 2012, 03:30:06 PM
 #9

heh. i guess i missed it Smiley
Brunic
Hero Member
*****
Offline Offline

Activity: 633



View Profile
January 26, 2012, 04:24:27 PM
 #10

Right now? Saving some, and paying bills and loan.

After that, probably going 33-33-33.
33% to reinvest in the business.
33% in a fund or something.
33% in our pockets.

We don't see mining as a hobby, but as a business, and we want to build a legitimate business.
BCMan
Hero Member
*****
Online Online

Activity: 533



View Profile
January 26, 2012, 05:12:14 PM
 #11

 Buying The Bitcoin Mag.
 

SgtSpike
Legendary
*
Offline Offline

Activity: 1330



View Profile
January 26, 2012, 05:26:03 PM
 #12

You forgot an important option:  SELL.

Which is what I do with most of mine.  I have to pay the electric bill somehow, after all.
BCMan
Hero Member
*****
Online Online

Activity: 533



View Profile
January 26, 2012, 05:58:46 PM
 #13

You forgot an important option:  SELL.

Which is what I do with most of mine.  I have to pay the electric bill somehow, after all.
Pardonne moi? Spend it is the same as sell. No?

bitbetter
Member
**
Offline Offline

Activity: 70


I want to feel your empty heart.


View Profile WWW
January 27, 2012, 04:38:06 PM
 #14

save all of them and then sell them when the price seems right

  BitBetter | where your BitCoins are fun
12f4jinRUaqsHTn2mrDSxzkw9AQ9WBLwtX
Regex
Newbie
*
Offline Offline

Activity: 23



View Profile
January 30, 2012, 08:03:54 AM
 #15

Save it / speculate on bitcoinica to make it more (less) Cheesy
vampire
Hero Member
*****
Offline Offline

Activity: 574



View Profile
February 01, 2012, 05:42:56 AM
 #16

I am buying silver!
illpoet
Sr. Member
****
Offline Offline

Activity: 341


View Profile
February 01, 2012, 02:10:38 PM
 #17

i gamble with it Sad

Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
Brunic
Hero Member
*****
Offline Offline

Activity: 633



View Profile
February 02, 2012, 04:23:08 AM
 #18

I am buying silver!


Yeah, it's probably the best way of stopping the production of silver bullets.  Wink
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!