A thought from an old timer... - page 2.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Mirsad on January 17, 2015, 02:36:53 PM

And a PC that is always on in IDLE consumes much less power than a CPU miner. Buying or Trading BTC for other stuff was easier and much more profitable.

I guess it comes down to how much electricity costs. If it's free, mining is a no-brainer.

This is why I only mine during the electric heating season.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

Yup. Bitcoin back then was unheard of by many people until the ath back in 2013. Most people jumped into the train thinking that they could get some easy money out of bitcoin. But look at those who invested during that time. They are now worrying because of the massive price drop.

And again, (I like this line a lot):

Quote

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: JimboToronto on January 17, 2015, 02:23:40 PM

There was a time when if you wanted coins you had to either mine them or trade pizzas for them.

Nope. Even then you could buy BTC for gaming currencies and other stuff. Even some accepted paypal. 5$ for 1000 BTC Shocked

You can still find such forum postings in the internet. Scammers were not that popular than today.

And a PC that is always on in IDLE consumes much less power than a CPU miner. Buying or Trading BTC for other stuff was easier and much more profitable.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Mirsad on January 17, 2015, 01:59:55 PM

Buying coins was always more profitable than mining yourself.

Wrong.

CPU mining on a a PC that was on anyway was always profitable. Same with single GPU mining.

Also, Bitcoin didn't start with MtGox. There haven't always been exchanges from which to buy bitcoins.

There was a time when if you wanted coins you had to either mine them or trade pizzas for them.

2dogs

legendary

Activity: 1267

Merit: 1000

Quote from: OgNasty on January 17, 2015, 02:09:45 AM

Quote from: mano21 on January 17, 2015, 02:05:21 AM

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

So good times are ahead?

Good times are a path, not a destination. If you are being productive in the Bitcoin community, learning, and having fun, then the good times are already here. You choose your own path.

Might be pearls cast in front of swine, but wise word indeed.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

At next to no cost, CPU hashing in the background on a PC you were using anyway or an always-on PC? Before there were any exchanges?

Quote from: OgNasty on January 17, 2015, 02:09:45 AM

Good times are a path, not a destination. If you are being productive in the Bitcoin community, learning, and having fun, then the good times are already here. You choose your own path.

Those are perhaps the wisest words that have ever been posted in this ~~trollbox~~ sub-forum.

You're obviously not some goofy inexperienced adolescent like most of the bears around here seem to be.

Cheers.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

Buying coins was always more profitable than mining yourself. And with the current equipment you will never see ROI in bitcoin.
The good thing is: Most miners can not properly calculate their costs. All mining equipment sellers say: Thanks TARDS for the easy money.

rebuilder

legendary

Activity: 1615

Merit: 1000

And compared to just buying at the time?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

You'da been richer if you bought coin back then, instead of mining it. And didn't "reinvest" the profits into [now worthless] gear.
Oh wait, it was "the fans" who paid for the worthless gear...
Nvrmnd, carry on.

Q7

sr. member

Activity: 448

Merit: 250

I wish I would have found bitcoin much earlier when those times when you could actually earn something from cpu mining. It's too late right now but what I can do to look forward is to get as much as possible on whatever I can with the current price dip and hopefully someday I could look and see what I've done today and be proud of it Cry

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

In other words: "if you hear it in the streets, it's time to get out"!

twister

hero member

Activity: 672

Merit: 502

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

Very well said.
All the early adopters who got in didn't knew that Bitcoin would ever be this big but they trusted it when others didn't.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: mano21 on January 17, 2015, 02:05:21 AM

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

So good times are ahead?

Good times are a path, not a destination. If you are being productive in the Bitcoin community, learning, and having fun, then the good times are already here. You choose your own path.

mano21

newbie

Activity: 55

Merit: 0

Quote from: OgNasty on January 17, 2015, 01:21:49 AM

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

So good times are ahead?

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

The most profitable bitcoins I ever mined, were the ones I mined when it was unprofitable to do so.

Topic: A thought from an old timer... - page 2. (Read 1972 times)