Selling bitcoin to cover mining costs is opaque. You sell fiat to cover the electricity bill and get rewarded with harder money.
People who have to sell their bitcoin to cover mining costs are doing essentially two things: putting downward pressure on the price, thereby hurting their own bottom line; and, most likely, scaling their operations with debt, which makes the whole thing even worse.
You essentially become a dirty speculator who is simply hoping for NGU to squeeze out 3% net profit, until a sudden sell-off hits, you get margin called, and eventually end up broke or bankrupt.
That kind of “mining” looks a hell of a lot more like day trading. With leverage.
This is why I support the 1-year coinbase maturity extension. It basically says: if you want to mine, you must be willing to hold.
Tauri / Tauri | Bitcoin (XBT)
npub1x9…hcsg7
2026-10-08 19:21:36 UTC
Author Public Key
npub1x9q89st049pnuym57ch9kqkgzcu5dmff32wduwc4g9gnc2w3nlls8hcsg7Published at
2026-10-08 19:21:36 UTCEvent JSON
{
"id": "b0840f77fc743d005129b3db72cb90accaadadb39c341e88af293c153888a48f",
"pubkey": "314072c16fa9433e1374f62e5b02c8163946ed298a9cde3b1541513c29d19fff",
"created_at": 1791487296,
"kind": 1,
"tags": [
[
"client",
"YakiHonne",
"31990:20986fb83e775d96d188ca5c9df10ce6d613e0eb7e5768a0f0b12b37cdac21b3:1700732875747"
]
],
"content": "Selling bitcoin to cover mining costs is opaque. You sell fiat to cover the electricity bill and get rewarded with harder money.\n\nPeople who have to sell their bitcoin to cover mining costs are doing essentially two things: putting downward pressure on the price, thereby hurting their own bottom line; and, most likely, scaling their operations with debt, which makes the whole thing even worse.\n\nYou essentially become a dirty speculator who is simply hoping for NGU to squeeze out 3% net profit, until a sudden sell-off hits, you get margin called, and eventually end up broke or bankrupt.\n\nThat kind of “mining” looks a hell of a lot more like day trading. With leverage.\n\nThis is why I support the 1-year coinbase maturity extension. It basically says: if you want to mine, you must be willing to hold.",
"sig": "0314ed95ff97d3683f55445f453a6e224c2e767be07b7dd0669edd14dc80d12b0f6eeb64a52ba40b5cd3ac7a50b5fd3f1ede3b5065e569420fd224b57bb30aa7"
}