Hey everyone!
As I was watching the video of Dan's presentation of EOS (which can be found on @matt-a's page) he mentioned that he started mining BTC back in 2009 when he was still solving blocks with a CPU miner.
[Thumbnail, surprised Michael Scott from The Office.]
It got me thinking to my early days of getting into Bitcoin. I remember the 2 digit dollar price and what seemed to be soaring upwards back then. After reading more about it and also becoming interested in mining it, I thought why not test it out. A GPU miner was pretty new back then for bitcoin I believe, unfortunately all I had to mine it with back then was a laptop GPU miner, worst of all it was NVidia which has proven to not be as efficient at providing hashpower as its counter AMD.
I remembered mining it for fun for a few weeks, then summer came along and I didn't want to risk my PC getting damaged so I stopped. The mining pool was called Slush, here is my confirmation email from back then.
I knew that I hadn't mined much but I had a feeling that I never withdrew it, this got me a little excited considering how high it has soared lately (yes I still think its valued a lot even after the last couple days of correction). I quickly googled the site and was relieved to find it was still operational and even had upgraded its front-end!
Of course I didn't remember the password to it anymore, so I used the reset password option while crossing my thumbs hoping my information was still saved there.
I was still a bit worried here cause many sites tell you they sent the reset email even if you never had an account with them. The first screenshot in this post I snapped later when I remembered I could just search for the pool name in my email.
Lo and behold, it worked!
I quickly entered a random password twice into the field and success!
Now came the moment of truth! How much BTC had I mined and what were they worth today!?
Tadaa! A really nice sum considering how little hashpower I had compared to the rest of the network back then, but I guess its also thanks to blocks being rewarded 25 BTC instead of now 12.5 at the time.
Thinking back to Dan's speech, and comparing it to the prices now it kinda leaves you speechless. That people were mining 50 BTC blocks back then every 10 minutes with their CPU hashpower only, wow. Imagine the first person to mine it alone (Satoshi Nakamoto) was receiving over 100k $ per 10 minutes by having his computer do math, basically.
I wanted to end this with a chart of bitcoins all time chart, looking at it now it makes a lot of sense why the price acts like it does today, but then again you have to remember how unpredictable this market can be because of its innovation and adaption rate. Who knows if this was the All Time High for now or if its just a small correction followed by a new ATH shortly.
All I know is that Bitcoin is the first and oldest cryptocurrency, followed by a much younger Ethereum and an even younger Steem. The innovation itself is still very young and just now started to receive more attention across the world.
You're a legend for being one of the first GPU miners.
I remember BTC when I was about 14-15 years old (I'm now 22). I think BTC was also just on its 2-digit value. I was thinking of buying one because it's cool to have a money that's from the internet but we were very poor back then and what I only thought was to focus studying my high school subjects.
I was only upto multiplying how much it would cost to buy 2 BTC. Nothing followed after that. But last year, I remembered thinking about BTC and so I searched for updates.
I regretted a lot realizing that it was already very high in value. But I also understood my position at that time. I was young and we were poor.
Eventually, I found STEEM and here I am saying that I will never miss this opportunity. Not once in ever.
thats nice, Ive checked my old activity, unfortunatelly there was 0 coins or pages wasn't available anymore:) I remember the first altcoin boom, when home-mining on week gpu was often profitable
Yeah, some say they still are profitable. ;)
I was using 50btc.com, their domain become obsolete.
Aww, too bad. :(
The younger Steem has more potential to become the next king of crypto-currencies. Steemit content are getting better ranks on Google which is the greatest PR any coin can get. Steem is getting lots of it already and will get more as more content get posted
I didn't heard about btc before last 6 months, But now I am fan of btc and all the altcoins, or most of them. So I wish for a moment I just had known about btc back then, I would have mined a lot. But then I remember, I didn't even owned a laptop or internet access a few years back.
But I still am happy that I have found about other altcoins in their infancy periods and invested some at right time to gain huge benefits.
Its always nice to find coins you forgot about in an old wallet or on a pool that is still up. Many pools close down so its lucky to find one that remains open over a long period of time. I started with an Antminer s1 much later in the game
I wonder what it must have felt like to find the forgotten-treasure :P
Like this
Lucky you. We need a blockchain timetravel machine. :) I want to swiftly visit 2009 and comeback.
What a fun journey, and that's just with cpu power.
Most of us won't get the chance to mine 100k every 10 minutes, but we are all definitely still in the crypto market early. I can't imagine where crypto will be in another 3 years from now.
Ha ha , SLUSH was my first pool too.
Good idea buying Steem :) Buy on the dip as they say :)
I did not mine but I did exchange a small amount of btc 2-3 years ago, and now I've got a surprise. At first I thought btc might be a scam lol.
I thought bitcoin.cz closed down with my old mining rewards... Thanks for reminding me it changed to Slushpool !
Good luck to you! :D
Did you have any luck? ^^
Mining bitcoin with cpu , makes me wanna (&%#@&#& nevermind !
Because back then i was burning some serious computer power to folding@home , seti@home etc.
Had access back then to 15 high end computers !
OMG OMG i must NOT reading such kind of posts!
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Wow, I was already on the net during that time but I was not able to stumble bitcoin. It makes me feel stupid :)
Thats a interesting story @acidyo not only that but a great demonstration on how high the price as got recently, it was also lucky they were still operational.
great...rs and upvote for u....
nice post