Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22828.

LewiesMan

sr. member

Activity: 384

Merit: 250

Quote from: samsonn25 on February 21, 2015, 11:05:51 AM

Yes becaus people who already had the video cards were using them to game, and mine on the side. But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012. They were still using cpu back then until they figured out the computing efficiency

I remember doing that actually. Gamed and mined a little whenever I wasn't gaming.

samsonn25

hero member

Activity: 882

Merit: 1003

Yes becaus people who already had the video cards were using them to game, and mine on the side. But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012. They were still using cpu back then until they figured out the computing efficiency

LewiesMan

sr. member

Activity: 384

Merit: 250

Quote from: samsonn25 on February 21, 2015, 11:02:05 AM

Radeon 5850 cards were about $300 usd when they came out in 2009. Very expensive back then late 2009. Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .05 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined. So it was still a gamble, experiment back then.

It still is a gamble, experiment. But back then there was less to loss.

samsonn25

hero member

Activity: 882

Merit: 1003

Radeon 5850 cards were about $300 usd when they came out in 2009. Very expensive back then late 2009. Lets say the price dropped somewhat by fall 2010, bitcoin price was only like .06 so buying a card for $150-200 to mine .05 a day used more electricity than the coins it mined. So it was still a gamble, experiment back then.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: inca on February 21, 2015, 10:48:39 AM

Wait a minute tarmi, you were the one getting angry last weekend when the price inexplicably rose!

I wasnt angry really, I was selling like mofo.

I was anxious because some dude was talking stupid racist, sexist shit. but that is business as usual in this thread. I mean the stupidity.

inca

legendary

Activity: 1176

Merit: 1000

Wait a minute tarmi, you were the one getting angry last weekend when the price inexplicably rose!

LewiesMan

sr. member

Activity: 384

Merit: 250

Quote from: Newar on February 21, 2015, 10:45:05 AM

Quote from: tarmi on February 21, 2015, 10:36:13 AM

Quote from: inca on February 21, 2015, 10:32:37 AM

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy

Lucky you.

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: Newar on February 21, 2015, 10:45:05 AM

Quote from: tarmi on February 21, 2015, 10:36:13 AM

Quote from: inca on February 21, 2015, 10:32:37 AM

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy

still hodling them on the way down from 1000 $? Undecided

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

Quote from: tarmi on February 21, 2015, 10:36:13 AM

Quote from: inca on February 21, 2015, 10:32:37 AM

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

I think I bought them at 5. I'm happy

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: inca on February 21, 2015, 10:32:37 AM

Tarmi you do not mine multiple bitcoins daily..

But keep up the bs.

I remember the days when some cheap gpu-s like 5850 mined almost 1 btc a day.

you probably bought those coins from me and now feel angry.

early adopters writing a letter to hodlers.

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

fun fact: it has been roughly 1 month and a few days since the $160 bottom. That means that in the meantime, more than 120k coins were mined, which is more in USD value of all the buy orders (bid sum) on all major exchanges combined (bitstamp, bitfinex, okcoin, huobi, btcchina, btc-e), which didn't increase (in some exchanges it only decreased) and is still sitting at very low levels (compared to few months ago and 1 year ago).
http://coinsight.org/

Don't worry tho, chinese megamines HODL all the coins they mine.

Bullish!

inca

legendary

Activity: 1176

Merit: 1000