Many think that those who mine Ethereum will immediately sell off their income. Recent schedulepublished on Reddit shows that this is not the case.
In fact, the chart shows how Ethereum miners efficiently accumulate ETH with high speed.
VERY INTERESTING BEHAVIOR
Talk thesis:
Given the recent rise in Ethereum prices, this can be expected.
In the end, miners want to maximize their earnings anytime.
Sometimes storage and accumulation is the most viable approach. As with mining Ethereum, obviously.
Why this level of accumulation occurs differently than “for future benefits” remains unclear.
It should also be borne in mind that Ethereum turned out to be much less volatile compared to other crypto assets.
The total balance of all Ethereum mining pools currently stands at nearly $ 300 million.
How many Ethereum miners share this optimistic outlook is currently unknown.
Reddit users indicate how the previous phase of ETH accumulation took place at the end of October 2019.
It seems that this is a common trend among all the cryptocurrency mined on the market today.
Preparing for the next bull rally is always important in the crypto industry.
However, this should never be at the expense of production costs.
С Proof of stake on the horizon, holding more ETH is becoming much more attractive.