drgo on Nostr: Cents. There was a brief time when my laptop provided roughly somewhere between ...
Cents.
There was a brief time when my laptop provided roughly somewhere between 1/64th and 1/256th of the network hash power.
Bitcoin had no value at that time. Difficulty rapidly increased and I never mined another block after my first two or three days mining.
When a market opened for bitcoin, I bought some to help kick start the market, but it was rather expensive and I was a poor resident.
The funny thing about the earliest miners I know: many are not rich. We were stupid and used the money to either make life tolerable (like buying a car) or to try to start another venture (mostly mining). Nobody realized the bitcoin couldn’t be spent on anything better than bitcoin in the long run. But this is how the market works.
I’m grateful for those who decided to retire early…they’re forced sellers!
There was a brief time when my laptop provided roughly somewhere between 1/64th and 1/256th of the network hash power.
Bitcoin had no value at that time. Difficulty rapidly increased and I never mined another block after my first two or three days mining.
When a market opened for bitcoin, I bought some to help kick start the market, but it was rather expensive and I was a poor resident.
The funny thing about the earliest miners I know: many are not rich. We were stupid and used the money to either make life tolerable (like buying a car) or to try to start another venture (mostly mining). Nobody realized the bitcoin couldn’t be spent on anything better than bitcoin in the long run. But this is how the market works.
I’m grateful for those who decided to retire early…they’re forced sellers!