for now... ASIC arrivals/block reward halving both occurring within roughly a couple months of each other is gonna make a hell of a winter.
Dont worry. Bitcoin fans love buying coins after they do a run up in price. Go figure right?
Topic: the first miners - page 2. (Read 36379 times)
Dont worry. Bitcoin fans love buying coins after they do a run up in price. Go figure right?
for now... ASIC arrivals/block reward halving both occurring within roughly a couple months of each other is gonna make a hell of a winter.
Indeed. Makes me curious about the "old days" as well. Started in Nov. '11 myself so I'm quite late to the fun. Oh, to have known what it would've become back when you could buy coins for a penny or less! But hey, the same is said with every great investment or such and not all of them always pan out.
Right now is so much better then six months ago... Enjoy the price above 10
With diff only climbing slowly it is still good times.
Indeed. Makes me curious about the "old days" as well. Started in Nov. '11 myself so I'm quite late to the fun. Oh, to have known what it would've become back when you could buy coins for a penny or less! But hey, the same is said with every great investment or such and not all of them always pan out.
Reading this thread is like reading a bunch of stories about people who bought shares of apple for $7 each in 02...
I wonder how quickly 1 ghash/s would of solved blocks back in the day.
I wonder how quickly 1 ghash/s would of solved blocks back in the day.
In 2010 i down'd the client and played around. Did not mine any blocks though for the effort.
In may-june 2011 went all in and bought 2000 in hardware to mine with and it has been huge success.
Just steady selling. Don't bother time the market. Great return on investment and starting to get better again.
In may-june 2011 went all in and bought 2000 in hardware to mine with and it has been huge success.
Just steady selling. Don't bother time the market. Great return on investment and starting to get better again.
a friend of mine told me about btc around 2010, i downloaded the client by then but got bored to try mining. I didnt think bitcoin was something useful to care about. Silly me...
I read an article in Slashdot in late 2010, downloaded the client, and didn't care much, since the client was not able to connect to the network behind my workplace firewall.Then I read on slickdeals.net forum that 5830 was flying off the shelves in Jun 2011 because of mining. The rang my bell! And soon I ordered 3 6950 GPUs and got into the race. Unfortunately the difficulty was sky high last summer, but each bitcoin was selling around $20, so it seemed lucrative.
a friend of mine told me about btc around 2010, i downloaded the client by then but got bored to try mining. I didnt think bitcoin was something useful to care about. Silly me...
what was the difficulty past 09->10 ?
It stayed at 1 for a long time and because that is the minimum difficulty blocks were actually found an average of longer than 10 minutes apart.
When I discovered Bitcoin in early summer 2010 difficulty was 45, a few days later it made it's only max jump (4x) ever to 210.
what was the difficulty past 09->10 ?
I didn't find bitcoin until early 2011, but I remember my 6970 was making several BTC per day, and that still wasn't enough money for it to be deeply interesting.
Wish I'd put some more cards on it at the time, in retrospect
i started in late march as i recall, about a month before the real big crowd came in, and also in plenty of time for the price jump to $35. i was selling all the way up though, so didn't get too much in at $30+Wish I'd put some more cards on it at the time, in retrospect
but my 5830's paid for themselves in like 5 days or so
I didn't find bitcoin until early 2011, but I remember my 6970 was making several BTC per day, and that still wasn't enough money for it to be deeply interesting.
Wish I'd put some more cards on it at the time, in retrospect
Wish I'd put some more cards on it at the time, in retrospect
I mined 9 blocks with 2 laptops' CPUs from June to Sept 2010.
I mined 100 BTC in a few days in late 2009 using two or three computers (the same one built both blocks) I was previously using for SETI@home. I don't remember their specs, but they weren't anything special. I actually stopped because they were using significant amounts of power to generate something that didn't seem to have any purpose or value, and went back to SETI@home.
I'll be honest, it was greed. Also, part of it was having the opportunity to be part of something new, but in the end I ended up stopping, so I can't say either really convinced me all that much.
What made you decide to start mining?
I'll be honest, it was greed. Also, part of it was having the opportunity to be part of something new, but in the end I ended up stopping, so I can't say either really convinced me all that much.
How much could the coins be sold for at that time? Surely it was not greed for money....
I mined 100 BTC in a few days in late 2009 using two or three computers (the same one built both blocks) I was previously using for SETI@home. I don't remember their specs, but they weren't anything special. I actually stopped because they were using significant amounts of power to generate something that didn't seem to have any purpose or value, and went back to SETI@home.
I'll be honest, it was greed. Also, part of it was having the opportunity to be part of something new, but in the end I ended up stopping, so I can't say either really convinced me all that much.
What made you decide to start mining?
I'll be honest, it was greed. Also, part of it was having the opportunity to be part of something new, but in the end I ended up stopping, so I can't say either really convinced me all that much.
This seems like an interesting thread.
I first heard about Bitcoin about a year ago but I didnt read into it much and forgot about it until about a month ago when I stumbled on it again. I wish I would have read more the first time around...
I first heard about Bitcoin about a year ago but I didnt read into it much and forgot about it until about a month ago when I stumbled on it again. I wish I would have read more the first time around...
I'm curious to know who, back in 2009 was mining and how many bitcoins could you mine per day with an average personal computer?
I mined about 200btc with a pentium 4 pc in a couple of days.
What made you decide to start mining?
I'm curious to know who, back in 2009 was mining and how many bitcoins could you mine per day with an average personal computer?
I mined about 200btc with a pentium 4 pc in a couple of days.
I'm curious to know who, back in 2009 was mining and how many bitcoins could you mine per day with an average personal computer?
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