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They probably are for awhile, then selling them. Hence the delay. Riding out some mining, then slowly releasing them. I'm thinking if someones smart enough to
by wcfields 13y ago
They probably are for awhile, then selling them. Hence the delay. Riding out some mining, then slowly releasing them.
I'm thinking if someones smart enough to built a specialized piece of hardware like this, they are smart enough to write up an algorithm that tells when to sell the hardware once the commodity hits peak level.
A mass dump of these would too quickly devalue the market since the increase in new Bitcoins would cause inflation.
edit: Ha, obviously they know it by taking Bitcoins and charging €700 difference in the price of one chip between a July & October delivery.
- jedunnigan 13y agoThere wouldn't be any more coins entering the market then there normally would. 1 new block every 10 minutes, doesn't matter how much hashing power there is. You are assuming people would dump them immediately, which I don't necessarily think is fair.