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> TLDR: mining rewards should pretty much have no effect on BTC price Miners will want to cover the cost of mining, and to achieve that they will want to sell
by insulanian 6y ago
> TLDR: mining rewards should pretty much have no effect on BTC price
Miners will want to cover the cost of mining, and to achieve that they will want to sell coins for higher price than they were selling it before for.
- llamataboot 6y agoNo, they can't sell it unless someone wants to buy it. Miners will either go out of business or get into the business until the difficulty level approaches whatever a marginal profit is above whatever the current price of BTC is