Bitcoin mining - early days | Bitcointalksearch.org

Andre_Goldman

sr. member

Activity: 322

Merit: 253

Property1of1OU

Quote from: dothebeats on January 19, 2018, 07:00:28 PM

Hal Finney managed to mine a hundred thousand coins in a span of three months using his laptop as was stated on his blogs and whatnot. That would give you a thousand coins mined per day using only your weak laptop. In today's rate, that amount of power would never amount you to anything and you'll most likely burn your laptop in the process. You can still mine though, and looking back with full of regrets won't help you get any money. Get some decent GPUs, mine some coins, then trade to bitcoin.

My first bits (pre asic age) was mined using a second hand
something like AMD probook with 2 gpu on it ... that machinery computer is fully disassembled now, I only kept the HD for proper disposal ...
I have no idea where the mind Satoshi are nowdays ...probably it went to a blackhole Tongue

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Hal Finney managed to mine a hundred thousand coins in a span of three months using his laptop as was stated on his blogs and whatnot. That would give you a thousand coins mined per day using only your weak laptop. In today's rate, that amount of power would never amount you to anything and you'll most likely burn your laptop in the process. You can still mine though, and looking back with full of regrets won't help you get any money. Get some decent GPUs, mine some coins, then trade to bitcoin.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Check this thread https://bitcointalksearch.org/topic/the-first-miners-99265
They are mining with bitcoin before with CPU's and look at the 2nd post of that thread made by Bitcoin Oz, he made 200 BTC according to him with a pentium 4 computer for few days. Imagine on how it's very easy to mine before but we are on different time phase now. I hope he did kept those bitcoins that he mined.
This thread https://bitcointalksearch.org/topic/37-difficulty-increase-55590-to-76193-4327 will show some info's about mining way back years ago.

ladydark

hero member

Activity: 686

Merit: 500

Actually,i was not in the bitcoin world at that time.But it is said that people used to mine bitcoins even with their CPU systems easily.Then it became harder to mine and people switched to GPU mining and now it could be only mined with powerful ASIC miners.

emuLOAD

sr. member

Activity: 328

Merit: 252

No point. study hard, read a lot, there are still money to be made. Looking too far back is useless

darkfox12

jr. member

Activity: 56

Merit: 3

Wish I could go back in time and mine. How little I knew back in 2009

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: JumboCactuar on January 18, 2018, 04:32:33 AM

In the early days of BTC, say 2009/2010

How quick could you mine, like how much BTC roughly in a day?

I'm not an early adopter so I have no idea how much they can mined Bitcoin per day when it just started, but Bitcoin on its early years, you only need your personal computer CPU to be able to mine Bitcoin because the competition at that moment is very low and block rewards are not yet halved from 2009 till end of 2012. But as the Bitcoin mining competition/difficulty rises, CPU makes it slower to mine Bitcoin that is why miners switched to GPU and when GPU mining is not profitable anymore they switched to FGPA and now a more dedicated hardware for Bitcoin mining which is ASIC.

Andik Bachdim

newbie

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How to do early mining for a beginner in the world Mining bitcoin
what I have to be prepared
please input it

emuLOAD

sr. member

Activity: 328

Merit: 252

depends how early you go. early enough, you could solo mine, even. That would yield you 50 BTC/block at the time.

consider one thing, the number of blocks mined in one day in 2009/10 is the same as today (and reward was 4 times higher per block). consider, too, that there were a handful of miners, before it became hundreds, before it became thousands, etc. AND this is a time before large groups had managed to corner the market cutting out the Young adventurer.

All in all, there was a time you could make thousands in a day, though that was a flash. tens was easily done for a while, even after pools became a must. A bitcoin a day was very realistic for a long time.

JumboCactuar

jr. member

Activity: 166

Merit: 1

In the early days of BTC, say 2009/2010

How quick could you mine, like how much BTC roughly in a day?

Topic: Bitcoin mining - early days (Read 156 times)