4 ms·
Think about it this way. I want to turn my electricity into dollars by mining crypto currencies. I mine some coins and then sell them to lock in the profit. Put
by minimax 13y ago
Think about it this way. I want to turn my electricity into dollars by mining crypto currencies. I mine some coins and then sell them to lock in the profit. Putting my freshly mined coins on the market increases the supply of coins available for purchase (and it should marginally drive down the price).
- skybrian 13y agoThe increase in supply is fixed by the algorithm, so you're really just increasing the difficulty and making it less profitable to mine. If more people decide to buy at an exchange instead of mining, it would tend to increase the price.