Bitcoin Forum

Article " Race to mine Bitcoin Gathers Steam"

http://online.wsj.com/news/articles/SB10001424052702303661404579180261683703066

I was just wondering if Bitcoin mining has developed as Satoshi originally envisioned ?

http://i846.photobucket.com/albums/ab22/1973mb1973/8bc0c8885408969084b7fccbcf197102_zps731846f8.jpg

Pre-order your Monarch mining shovel now, and take delivery in two weeks.

http://www.bigbearhistorysite.com/wp-content/uploads/2010/04/ws-12-steam-shovel.jpg

LukeJr shows off a newly developed prospecting equipment, and about to demonstrate its hash rate.

http://static2.businessinsider.com/image/4ee625e7ecad04c632000036-480/california-gold-rush.jpg

Why mine solo when you could join a pool?

http://bpmforreal.files.wordpress.com/2012/11/goldrush.jpg

During the first convention, Bruce Wagner was able to convince a shopkeeper to take the stuff as payment. Later that night, somebody broke into the the shopkeeper's shop and stole all his stuff.

http://upload.wikimedia.org/wikipedia/commons/2/26/Dawson-golddust-1899.jpg

It wasn't long before the Chinese got into the act.

http://3.bp.blogspot.com/_Cp2XFV4Xt0s/TC7nf_1X4UI/AAAAAAAACHQ/TC_7VhCsdPw/s1600/Chinese_Gold_Miners.jpg

Then three guys from Sweden came along...

http://www.goldgold.com/wp-content/uploads/2012/01/more-about-gold21.jpg

Then the feds wanted to regulate the stuff.

http://4.bp.blogspot.com/-ASR2MqyZ6Fw/URTwlLJXroI/AAAAAAAAFds/okAhCGQuIYo/s640/tumblr_mcf9x1hlZK1qedbs6o1_500.gif

And that's when people took notice, standing up for their rights to mine, own, sell, trade and horde the stuff.

http://25.media.tumblr.com/tumblr_m6n7puqGwo1qgkh3mo6_500.gif

Soon, they were defending their rights.

http://25.media.tumblr.com/7519203650d877865c09cd5ba8a3cd8f/tumblr_mu7a5iVhfH1r3mh0to1_400.gif

Faster and faster calculations were devised to mine the stuff.

http://25.media.tumblr.com/aa6ecb0a6268cc0ae5f268989d23804a/tumblr_mfqoy0hwRV1qiseoho1_250.gif

And the anonymous creator of the stuff was pleased.

http://2.bp.blogspot.com/-JY0v8QozXFk/UKL1b38TiII/AAAAAAAAWno/2MEjyaPlZNg/s1600/The+Day+The+Earth+Stood+Still_03.gif

good one, thank you  :D

These are great! We really are at the verge of the next great gold rush... :)

THIS is how you become #1 poster on BitcoinTalk!

Well done Phin!

Respect, excellent, mister TMIBTCITW.

And here's Phin explaining his grandkids people already mined almost all bitcoins before they could even try. ;D
Mud is cool, though, and edible, most of the time!

http://www.aa.co.nz/assets/travel/Explore-NZ/South-Island/West-Coast/_resampled/croppedimage750400-Gold-Panning-with-The-Bearded-Miners-Reefton-West-Coast.jpg?m=1378873487

This was awesome! :) Thank you for the laugh :)

Mine those transaction fees kids!

Eventually, the big corporations took over, made it into an industry and started controlling the supply AND price of it.

http://motherboard-assets.s3.amazonaws.com/content-images/article/modern-day-prospectors-will-haul-12000-gallons-of-cyanide-from-nevada-to-mine-for-gold-in-utah/3833fb6b626bc628459fb27f499e0255_vice_630x420.jpg

2011 throwback, funny excerpt from OCN forums: https://bitcointalk.org/index.php?topic=6646.msg113860#msg113860 (https://bitcointalk.org/index.php?topic=6646.msg113860#msg113860)

https://i.imgur.com/Mne1XI7.gif

You have to add something about BFL in here hahah

I bet we could come up with comparable pics of nerds with all kinds of crazy mining rigs. 

yes.. just yes.

Three cheers Phin!

This is an oddly parallel, funny too that an xbt is worth almost two tons of iron ore.
http://au.ibtimes.com/articles/520155/20131107/australia-s-iron-ore-miners-add-65b.htm#.Unsbjxnn_qA

I'm glad you all enjoyed the humor. That is why I'm TMIBTCITW.

this was great phinny! Lol ;D

 :) I like it.

Nice !!!  Very nice ;D

Here's a Quick vintage shot taken of Mark Karples (mt gox) astride his gym ball as he takes a little time out.

"There's bitcoins in them there hills, panning's a great way to relax and forget about work etc." says Mark

http://i846.photobucket.com/albums/ab22/1973mb1973/727880d253d1db5edd42824f827be453_zps4e7a90d5.jpg

Here's to the good old days !

http://i846.photobucket.com/albums/ab22/1973mb1973/5558bc1d.jpg

Thanks for the laugh Phinn et al. made my day!

I've read Satoshi's posts a few times over and he seems to like the idea of people using their rigs to replace electric heaters. Maybe he didn't expect this level of institutional/pool mining activity.

Come to think of it....Maybe he's making an altcoin at this VERY MOMENT and using a new handle? Hmmm?

Yeah, he knew that the larger entities would eventually supplant the hobbyist.  I'm pretty sure he even wrote about it in his introduction, or white paper.