Bitcoin Forum

Ah, the days of the block erupter, were you didn't have to worry about your electric bill and you could just simply mine. :(

Or the days before that, when a single GPU could easily make 0.01 BTC per day. That was kind of nice.

No before that a single GPU was mining 1 a day, so 50BTC + fees from a 5870.  Of course if you bought Bitcoin instead of the 5870 back then you would have had thousands of BTC  :D

Unless you have a time machine you can't go back to those days - you can only focus on the current time.

Exactly, but those were some of the best mining days. I don't think we'll ever see something like that again unfortunately.

How much did you earn with those BE's?

It was so long time ago, can you to remember me how does it work??

yeah and the value was like what 1 dollar? not really comparable, but we can say that the difficulty is too high for the current price

Mining is going to be very interesting to watch.... right now the charts show its not for the enthusiast any more, so much for decentralisation.  However I think there is a chance it can come crashing down when these bone-heads spending millions on massive operations finally realise their operations will not work in the long term.... then it might become the domain of the enthusiast again  :D

And all this is going on while the number of full bitcoin nodes dwindles almost unnoticed....  ???

Good point... we all look back saying ooh those were the days.... frankly if I had a time machine and went back a couple of years I'd buy bitcoin, hell mining didn't work as a profit generator back then if you think about it, it was still better to buy coins.

To be honest I have to remind myself too that mining fees are only a temporary fix to help get bitcoin going.... I think what satoshi had in mind was mining costs being covered, not that mining should be a profit generator.

In the mean time I may buy an old miner, something fairly efficient but of a size meaning it only uses around 2-300 watts and then run it as me doing my bit  :)  I already run a full node as my contribution.

Those were the days for sure, I had many of those humming along mining away and generating some nice dough. Now you're more likely to be able to cook a pop tart with your miner than you are to get a bitcoin out of it.

I put my block erupters on ebay, what did you guys do with yours?

I'm pointing one at deepbit and one solomining.  Pretty much the same thing I guess.

You might hit that bitcoin loto and get the 25 coin reward... maybe :D  They don't use too much power so it's kind of like a self-scratching lottery ticket I guess heh. Not too shabby of an idea there.  A buddy of mine has a couple running, one his basement that his cat has taken a liking to as a night warmer.

Remember the good ol' days when we could mine at least 100BTC with only a CPU ?  :D

In a few years people will also tell on forums : "remember when we could simply mine with Asics ?"  ;D

Evolution dosn't care of nostalgia  8)

I'm pretty sure ASICs are the end of the evolution since their very name means that it is a circuit made for hashing.  The only next possible evolution would be something that isn't a circuit... a hashing lifeform like a SHA-256 bacteria  :o

Nah there is no end of evolution. People will always find new ways.
Next step could be quantum processors. Many people expect it to be the next big step in computering (maybe in a few decades/centuries Bitcoin would have to be reinvented because this technology has too much computing power  :D )

Still have mine. I bought it off btcguild for 1 btc. Someday I will donate it to a crypto museum.

still wish i would have listened to my co-worker back in 2011 and gotten into BTC and LTC mining.  took me over a year to come around...

I think I mined about 0.05BTC on my Q6600 CPU. I should have gotten into the GPU scene back then.

As for the next step from ASICs, anything as dramatic as the GPU/FPGA to ASIC shift would imply equally revolutionary advances in lots more semiconductor applications than just bitcoin mining.

Earn?  You can't earn money mining!!!  That's impossible.

No, it's impossible to make a *profit* on mining. It's a perfect marketplace and while it's possible to make some money in the short term, long term profits are impossible.

My BE are used as little heat generators. Eventually they will be scrap or something.

As for the past, back then bitcoins were worthless, if you want to relive that, mine some silly altcoin or doge or something on that order. :-)

Look what money hungry people have done to us today.And people say bitcoin is setting us free from financial monarchy.It's shit to tell the truth

So I was at my bank today and I....wait no I wasn't - they decided they needed a holiday.  Good thing the bitcoin network is going 24/7/365.  Live in the past if you will.

LOL, I actually just sold my block erupters for $8 a month ago. Its was funny watching them fall in price....

Wrong  all species do not evolve some die off and become extinct.
There is not much money  in this game and if someone develops  a 'q' cpu they only need a few to mine with.
They will take a lesson from asic builders and just mine baby.

I remember the days... happy times :).

That anker metal hub was a beast.  Sold those aswell when I switched to blades.  I wish I would have kept one for fun at this point but I sold them all.   I still can not explain why people paid more for certain colors.  Only miner i can think of profit on sell depended on color to a point lol.

I was rather talking about security/crypto issues. I saw somewhere that quantum processors could maybe in a few wears be a treath to some of Bitcoin mechanisms.

Mine Acoin it is like an old version of bitcoin check it out at https://bitcointalk.org/index.php?topic=761818.0

I certainly remember that I paid 2.1 BTC each for my first block erupters.

lol the BE's "back in the days.." you mean a year ago.. if you want to talk nostalgia try World of Warcraft.. 9+ years coming up on 10 years.. Now that's "back in the days.."

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PS

And yes i owned 69 of them and made ~ 5 btc off them and blew 20 btc.. :(

I just bought a Block Erupter for $5 :D Figured I'd give it a shot. My electricity is only .038 lol

I still make profit mining  its how you do it that counts :)

Now I kinda miss my Block Erupter Cube  :P

Was hopping scrypt asic will never come, it almost crashed the profit for GPU really hard..

How much does a time machine cost? (in BTC)

100 000 Acoins

Yeah those were some good old days. Very little heat,little electricity bill and profits coming in,I miss them.I thought block erupters will develop too with the upcoming of asics but seems they didn't much as I expected.

Hmm, I don't remember any profit coming in off of Block Erupters.  Unless your really Friedcat.  :)

Maybe I'll crack a block solo mining with mine. Then they will have paid off.

GPU mining was hard work. 

Finding a computer carcass with a limping OS.
Slapping a $150 power supply in it and a $400 video card.
Configuring vnc, so when it inevitably stopped mining you could quickly connect to it and give it a kind slap across the desktop.

And then you kids come on my lawn and plug in your fancy USB, twang-danglers.
Bah.
I hope you burn yerselfs.

Block Erupters were great when it first came out. It was small, very energy efficient and you could plug it into notebooks and start mining. Those days were not that long ago, only about 18 months. Now it is virtually impossible to mine at home.