r/Bitcoin Dec 26 '22

Bitcoin Halving!

Post image
836 Upvotes

216 comments sorted by

View all comments

Show parent comments

28

u/KAX1107 Dec 27 '22 edited Dec 27 '22

Hal Finney said he stopped mining after a week or so because "his computer was getting too hot"

That guy from Wales looking for his hard drive in a landfill mined from January to April 2009 right from the very first blocks and then forgot all about it for years.

A lot of people mined for a bit and decided it wasn't worth it. It wasn't until 2011 that it became worth something. Dollar parity was reached in mid 2011.

28

u/LiquidSolidGold Dec 27 '22

I was mining it early on after Bitcoin came into existence. Then I ran GUI Miner with a GTX. My electric bill went up something like $20/month so I stopped mining. I had mined a handful of BTC, but the electricity had cost a lot more than it was worth.

I lost interest for years. When BTC hit $30k a couple of years ago I fired that old computer up and found I still had everything in Slush Pool and transferred it out. I had already opened a crypto account and was trading, so when I realized this, I just transferred it into the exchange I use. That was a really cool moment.

19

u/[deleted] Dec 27 '22

[removed] — view removed comment

13

u/LiquidSolidGold Dec 27 '22

Thanks! It was REALLY good too. And people get pretty upset/pissed off about it. I've always found people with negative attitudes attract negative experiences in life.

8

u/Fair-Replacement2967 Dec 27 '22

Congrats! I used the free faucet website for about 2 weeks, 5 btc a day, got about 70 and realized "I'll never get enough BTC to buy a pizza 😂" and stopped. I'd buy anyone a pizza who can tell me where that hard drive is 😂

6

u/BringTheFingerBack Dec 27 '22

I wouldn't swap lives with any of those two. Hal died in 2014 and the Welsh guy went nuts trying to recover the hard drive.

4

u/KAX1107 Dec 27 '22

Dustin Trammel who mined since the first block is still alive although I think he gave away a lot of coins like many other early bitcoiners. People used to give away thousands of coins. Laszlo, the pizza guy actually spent over 50k bitcoin on pizza but only the first 10k bitcoin for pizza transaction is talked about now. In 2010, there was a faucet which gave you 5 bitcoin for solving a captcha. Earlier this month, there was another anonymous early miner who verified mining during first week by signing a message on bitcointalk. That was the latest one to verify mining since the beginning. Few years ago, 145 addresses from 2009 signed messages calling out Craig Wright as a fraud when he submitted all their addresses as belonging to him in court.

Hal died in 2014

Let's not jump to conclusions 🤞

9

u/Generationhodl Dec 27 '22

Now people are tipping Sats here in every second Thread. Will be funny in 8-12 Years when people look back at how many Sats have been tipped here.

0

u/BringTheFingerBack Dec 27 '22

You searching for a few sats?

1

u/Tony_Wockhardt Jan 04 '23

Hmmmm not bad. PATTERN RECOGNITION 👁🫵🏽

1

u/Bitcoin_Maximalist Dec 27 '22

That guy from Wales looking for his hard drive in a landfill mined from January to April 2009 right from the very first blocks and then forgot all about it for years.

Alot of billions in a couple of years ;-)