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Bitcoin => Bitcoin Discussion => Topic started by: Bizmark13 on January 05, 2015, 08:18:06 AM



Title: I am the poorest early adopter in the world
Post by: Bizmark13 on January 05, 2015, 08:18:06 AM
Well I was able to get back into a couple of old hard drives which were gathering dust and it turns out I was actually quite a fan of Bitcoin back in 2011. Looking at my browsing history, the earliest references to Bitcoin are Google searches that I made in mid-2011. This was just after I learned about it from a forum I used to visit. Then I can see links to this forum (but back then it was called Bitcoin.org) and a site called We Use Coins.

I can see that I then searched the phrase "buy bitcoins" and then registered an account at Mt. Gox but didn't do anything after that. I think I made a MyBitcoin account too but I'm not sure. I also signed up to a site called Bitcoinplus which lets users generate bitcoins using their computers. Amazingly, when I entered my email address, I found out that my account is still there but because the hardware I used was very poor (I was mining on my laptop running Windows XP), I was only able to generate 75,000 satoshis:

http://s17.postimg.org/ckrv0j60f/untitled22.png

Then, as I go further up my history, I see that I browsed these forums quite a bit. I can see references to laszlo's pizza, the person who got hacked and lost 25,000 BTC, a topic called "new real tangible physical bitcoin coin" which I'm guessing probably refers to Casascius coins, and the announcement thread for Namecoin. By the end of 2011, the references to Bitcoin start to fade and it seems I lost interest by 2012.

Technically speaking, I guess this makes me an early adopter. I was into bitcoins and even obtained some while the prices were still in the single digits. But with only 75,000 satoshis to show for it, I must be the poorest early adopter in the world. :(


Title: Re: I am the poorest early adopter in the world
Post by: BitCoinNutJob on January 05, 2015, 10:02:35 AM

Technically speaking, I guess this makes me an early adopter. I was into bitcoins and even obtained some while the prices were still in the single digits. But with only 75,000 satoshis to show for it, I must be the poorest early adopter in the world. :(

lol that sucks, i made mistakes not buying @ $50 myself.  If the price keeps dropping we all going to be poor again.


Title: Re: I am the poorest early adopter in the world
Post by: Mellnik on January 05, 2015, 10:06:57 AM
 :'( Because Bitcoin was made to make early early early adopters as rich as possible.


Title: Re: I am the poorest early adopter in the world
Post by: Lethn on January 05, 2015, 11:09:41 AM
Pffft, I can beat that, I had 0.00BTC when it was around $50 I hadn't invested anything, it's only until recently that I've truly been getting into it and earning myself money because I was researching and learning about it, I should have taken part in the early sig campaigns though because they were paying out a lot back then :( I would have been making a lot of money if I had but I suspect the process is going to repeat itself this year so I'm going all in now.


Title: Re: I am the poorest early adopter in the world
Post by: HarmonLi on January 05, 2015, 11:15:37 AM
Wow, that's impressive. Yeah, sure it's sad that you didn't manage to acquire more BTC back then, when it was still 'easy'. But keep in mind: Even if you stayed on track, there's no guarantee that you wouldn't have lost your BTC due to some scam, bad trading decisions or whatnot. Maybe that's at least a small consolation :)


Title: Re: I am the poorest early adopter in the world
Post by: Q7 on January 05, 2015, 11:21:55 AM
If the price falls further you will get your chance for redemption for your missed golden opportunity. Probably not buying at $10 per pop but considering current price at about 270, it's still considerably cheap


Title: Re: I am the poorest early adopter in the world
Post by: --Encrypted-- on January 05, 2015, 11:24:21 AM
I know bitcoin since 2011, and just get started in 2014
So, i don't have any bitcoin :(

lol the first I've found out about bitcoin was on 2010, when I was looking for cough ways to make money online cough.  :P

at the time I thought it wasn't worth it.. imagine my surprise when I saw a news about BTC back in Sept. 2013.


Title: Re: I am the poorest early adopter in the world
Post by: Bitcoinpro on January 05, 2015, 11:28:39 AM
use it to empower yourself watch the blockchain see where your money goes and see how it comes back to you

the whole silkroad anonymous stuff was lies



Title: Re: I am the poorest early adopter in the world
Post by: mindrust on January 05, 2015, 11:29:06 AM
while %90 of the people are crying because they saw bitcoin just a blink before 1000$ moon (like me); it is really sad to see people aware of btc in 2011 and still crying. :)

don't be sad tho, i may be in the same position too. who would f*ckin believed if someone said "1 btc's price is going to be 1000$ one day" in 2011????


Title: Re: I am the poorest early adopter in the world
Post by: GGGGG on January 05, 2015, 11:31:04 AM
Don't worry, you'll have a second chance to get in when the price is at the bottom. Shouldn't take long the way it's going down.  ;)


Title: Re: I am the poorest early adopter in the world
Post by: Lethn on January 05, 2015, 11:45:06 AM
All your Bitcoin are belong to me :P


Title: Re: I am the poorest early adopter in the world
Post by: sandykho47 on January 05, 2015, 11:45:45 AM
Actually i know bitcoin since 2011
But at that time i don't understand what is bitcoin, so i just let it go :(

And after know bitcoin become huge success, i have so much regrets :(
So, i just telling everyone to know bitcoin so nobody will regret like me


Title: Re: I am the poorest early adopter in the world
Post by: MataKhobRazi on January 05, 2015, 12:49:03 PM
Buy now. Then just wait.

And come back in 2020, you will see people posting in this forum "sh*t, I heard about bitcoin in 2015 when it was only ~300$, and now it is more than X0'000$". etc. etc.


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 05, 2015, 01:07:42 PM
I first heard of bitcoin about then, and remember finding it would take 183 days to generate a block on my best CPU, and it had a value of cents each. I am not quite sure if GPU mining had just started or not, and I didn't come across pools back then, so I "back burnered" the idea until I had better CPUs or whatever.

Then January 2013, I was in a "computer refurb" cycle and was going to have a media server and HTPC on a lot of the time, and thought, hey, let me look into that bitcoin thing again. Well, by then things had started to move, I found out about GPUs , I found out about ASICs and got my arse in gear.

Anyway, I managed to scrape together about a half coin mining on (slow) GPUs in early 2013, and ordered ASICs, which have made me a handful more.

However, since I came back to it with BTC at $30, I would have been FAR better off just buying coins at the time, I could have bought a hundred or two.

The consolation is I guess that mining feels more like taking part.


Title: Re: I am the poorest early adopter in the world
Post by: Serge on January 05, 2015, 01:23:17 PM
interesting, you had to browse some logs and histories to find out you were "quite a fan" =)

hey, maybe, if you dig deeper, you find out that you created it?


Title: Re: I am the poorest early adopter in the world
Post by: gadman2 on January 05, 2015, 01:24:23 PM
Buy now. Then just wait.

And come back in 2020, you will see people posting in this forum "sh*t, I heard about bitcoin in 2015 when it was only ~300$, and now it is more than X0'000$". etc. etc.

Very unlikely in 5 years.


Title: Re: I am the poorest early adopter in the world
Post by: Mewtwo on January 05, 2015, 01:29:23 PM
Buy now. Then just wait.

And come back in 2020, you will see people posting in this forum "sh*t, I heard about bitcoin in 2015 when it was only ~300$, and now it is more than X0'000$". etc. etc.

I sometimes wish i could freeze myself for another 6 years to wake up to a lore valuable wallet.


Title: Re: I am the poorest early adopter in the world
Post by: Daniel91 on January 05, 2015, 01:35:53 PM
In our life we make many good choices and many bad choices.
At least nobody is death in this story :)
You are still alive and bitcoin is alive to!
So, forget all your negative feelings, do something else, more constructive at the moment and keep eye on the value of bitcoin.
When bitcoin rise again, sell your bitcoin.
It may took more time now than first time but eventually you will earn good money, so don't worry to much about it!


Title: Re: I am the poorest early adopter in the world
Post by: Omikifuse on January 05, 2015, 04:01:34 PM
At least you just sign uped in Gox then did nothing.

Some people borrowed money or invested personal savings and hold them in Gox, and lost them all.

No profit but no loss is not as bad as you might think


Title: Re: I am the poorest early adopter in the world
Post by: countryfree on January 05, 2015, 05:56:54 PM
You shouldn't have tried mining at all. Using a few faucets back then would have brought you more BTC. They were the good old days! I've missed several opportunities too, it happens to us all.


Title: Re: I am the poorest early adopter in the world
Post by: gkv9 on January 05, 2015, 06:34:26 PM
Knew BTC in 2010, and wanted to invest nearly $1000 when the price was just $10 per BTC, but my dad didn't show interest and so, I decided not to stretch the talks like a gum, and left it... Regret I didn't get it... I forgot about it afterwards, as I thought that I should not see it back or else my mind will just addict me towards it... So, till Sept. 2013, I was unaware whether this thing was still alive or gone? Hate myself, why didn't I fight with dad when the price was damn cheap during those days...


Title: Re: I am the poorest early adopter in the world
Post by: countryfree on January 06, 2015, 10:52:03 PM
Knew BTC in 2010, and wanted to invest nearly $1000 when the price was just $10 per BTC, but my dad didn't show interest and so, I decided not to stretch the talks like a gum, and left it... Regret I didn't get it... I forgot about it afterwards, as I thought that I should not see it back or else my mind will just addict me towards it... So, till Sept. 2013, I was unaware whether this thing was still alive or gone? Hate myself, why didn't I fight with dad when the price was damn cheap during those days...

Check your sources, my friend. BTC wasn't worth a dollar in 2010, and BTC was exactly $14 two years ago.


Title: Re: I am the poorest early adopter in the world
Post by: BlueTemplar on January 06, 2015, 11:50:06 PM
Indeed, there wasn't even a real market in the start of 2010 :
- the famous ~$25 pizza for 10,000 BTC deal happened May 22, 2010
- MtGox was established July 17, 2010

And bitcoin then rose from about $0.05 to the insane $30 in June 2011... just before the first big price crash (or second, if you count November 2010).

I'm still kicking myself for having followed the herd and bought days before the crash at $28 and not when I first heard of it when it was about $0.28.

But then maybe it's for the better now because would I have bought it at the lows of $4 that followed the crash? Probably not...


Title: Re: I am the poorest early adopter in the world
Post by: haploid23 on January 07, 2015, 12:11:51 AM
I was mining on my laptop running Windows XP), I was only able to generate 75,000 satoshis:

I must be the poorest early adopter in the world. :(

Mining on a laptop in 2011 is already too late. That's when everyone was mining on the HD5000 or HD6000 GPUs. The real early adopters mined on CPUs. Now if you would have bought a couple of those GPUs and built a desktop, then you would have been better off by now.

And I'd like to mention that just because someone is an early adopter doesn't mean they're rich. I'm willing to bet most are actually poor, as these guys sold off a while ago.


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 07, 2015, 12:20:45 AM
It's really hard to know how one would have actually reacted to various price moves.

Then, if one was active much earlier, would one have had developed a complacent attitude to MtGox, and have been wiped out when they took the final dive. Personally, they tweaked my spidey senses from early '13 onward, so I didn't get burned there.

However, the spidey senses didn't stop me losing 5 BTC and change to some assclowns running what was supposed to be a used ASIC brokerage. Derp.

I did make a determined effort to throw away about a coin's worth when MtGox in it's death throes though... I knew they were screwed, but I thought maybe they could cover about 20% of their BTC obligations... and "gox coins" could be bought at a 95% discount.... so thought that could potentially earn a bit, since I was quite happy to lock up a single coin for several months. Well turns out that a "5 cents on the dollar" valuation might have been hugely optimistic, I don't think there's going to be anything left after the lawyers are through. But "fortune" in the form of OKPay deciding to lose my cash for 24 hours, helped me dodge that bullet.


Title: Re: I am the poorest early adopter in the world
Post by: BlueTemplar on January 07, 2015, 02:19:58 AM
Spot on for the complacent attitude about MtGox... however anyone keeping all their BTC "eggs" in one trading place "basket" has it coming.

Well, about 27% (202k/744k) of BTC have been retrieved, so we might get back more than 5 cents on a dollar.
But that also depends on whether we'll be able to get back that money directly in form of BTC... and what kind of conversion will be made if not.


Title: Re: I am the poorest early adopter in the world
Post by: BitcoinFX on January 07, 2015, 03:56:18 AM
You win some, you lose some and that's just the way it goes ... !?!?

~ Inspired by this thread and some recent events I randomly decided to try and fire up an old dell inspiron laptop I used in early 2010 which suffered a battery, screen and HD failure in the space of a month or so.

After eventually managing to boot it up and having 30 so attempts to remember an old windows xp password (without success) I then resorted to using an ubuntu live cd to try and access my old data...

Success. So, I open the search prompt and enter 'wallet.dat' with the vague recollection that I might of made a backup of a backup from another PC (since lost) to this laptops HD...

~ Finds a wallet.dat - last access 31/01/11 - 19:57 - Size (unencrypted): 336 KB   :o

So, I immediately copy the file to a USB flash drive and load it up in a new Bitcoin core instance.

Rescanning... 1% ... 99% ... (I'm feeling many mixed emotions obviously) I'm thinking maybe I left 0.55 BTC or was it 25 BTC or even 500 BTC !?!? ...

Great! 0 balance.   :'(

1st transaction - probably sent to myself from another of my own mining wallets...

Status: 277163 confirmations
Date: 15/02/2010 15:20
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 13.37 BTC
Net amount: +13.37 BTC
Transaction ID: b3aa001dec9bccfe02c5c018034d569bf0cf7012a840238a759071f525cf6b79-000

The wallet.dat also contains 66 solo mined 50 BTC block transactions ...

Status: 278034 confirmations
Date: 15/02/2010 15:44
Source: Generated
Credit: 50.00 BTC
Net amount: +50.00 BTC
Transaction ID: 9b70e62d9ce6ea0d63d1cb5067c62934616ad390ec778eee146f1d36016ac94b-000

onwards to:

Status: 253403 confirmations
Date: 09/07/2010 16:23
Source: Generated
Credit: 50.00 BTC
Net amount: +50.00 BTC
Transaction ID: 7dd20e43bb44f147da8a735e908a35f23ec4df2e650a3a2c2c55272accc6dd53-000

I even sent the test transaction back to myself !?! (I think) - LOL

Status: 277873 confirmations
Date: 16/02/2010 19:22
To: 189iAhvyheVzWqtL9E8hdfdpyQ2AEprXmm
Debit: -13.37 BTC
Net amount: -13.37 BTC
Transaction ID: 84163a9688ce9694387a9257165c14a41cfe446ddab99462c93c639163313a8c-000

"mere bagatelle" ...

Status: 261135 confirmations
Date: 26/05/2010 16:45
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 2500.00 BTC
Net amount: +2500.00 BTC
Transaction ID: 33009032b3d69a2a29f8bdbbfa6848616989058d057bf60f075b6f8ca4fc1fda-000

...

Status: 258814 confirmations
Date: 10/06/2010 05:21
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 2500.00 BTC
Net amount: +2500.00 BTC
Transaction ID: ff6f0f6810d5683b52059470a9b5b4a67d7c78e5f240da5542167e9c1d3eaab3-000

...

Status: 258034 confirmations
Date: 15/06/2010 02:50
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 2500.00 BTC
Net amount: +2500.00 BTC
Transaction ID: 50114d74e9acab3908c01575cbb9f6661df92edec1f3ccf6362895dba7e64b7b-000

...

Status: 257188 confirmations
Date: 20/06/2010 13:33
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 3125.00 BTC
Net amount: +3125.00 BTC
Transaction ID: c7c11418eae5b5c4d904cab77b80cff680c0b7ba4e387a00f91f311bd8945538-000

...

Status: 256626 confirmations
Date: 23/06/2010 21:04
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 3125.00 BTC
Net amount: +3125.00 BTC
Transaction ID: 42bd3ac3e78bdaf69c4c020a695cec9fcfc3f9777be531f2fa0aeb23d884db4c-000

...

Status: 250220 confirmations
Date: 18/07/2010 00:51
From: unknown
To: 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp (own address, label: Your Address)
Credit: 5503.40 BTC
Net amount: +5503.40 BTC
Transaction ID: 6d245d6b2657399ea700e5010d10da34974299dc59b89a5e506a51a929ca9ffd-000

Just a few examples (from the same wallet) ... that all correspond with outgoing transactions. Some back to my own wallet(s) and some going elsewhere.   :P

...

So, as of today, I currently have about £5 UK pounds in my main UK bank account (following the holiday season) ... "Re: I am the poorest early adopter in the world"...

~ Maybe I can auction this 0 balance wallet on ebay ? or elsewhere ? It is a piece of Bitcoin history after all (probably not though I guess).

   :D


Title: Re: I am the poorest early adopter in the world
Post by: Melbustus on January 07, 2015, 04:35:41 AM
...
~ Maybe I can auction this 0 balance wallet on ebay ? or elsewhere ? It is a piece of Bitcoin history after all (probably not though I guess).

   :D


If Bitcoin were proof-of-stake, you probably could ;)


Title: Re: I am the poorest early adopter in the world
Post by: jonald_fyookball on January 07, 2015, 04:40:57 AM
so you could have had like over 10,000 BTC easily...damn...


Title: Re: I am the poorest early adopter in the world
Post by: K210 on January 07, 2015, 07:04:53 AM
wow so much pessimism in this thread, we are still early adopters 5-10 years down the line BTC might have a value of $10,000 then people will look back and say i should have bought bitcoin in 2015 when it was at $270. Instead of looking at the past we should look at the future bitcoin is still young.


Title: Re: I am the poorest early adopter in the world
Post by: HCLivess on January 07, 2015, 09:14:32 AM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

stop it now. there is nothing special about monero. and the price is hyped. terrible idea.


Title: Re: I am the poorest early adopter in the world
Post by: dmugetsu on January 07, 2015, 02:22:20 PM
i regret that i don't know btc sooner

stupid me


Title: Re: I am the poorest early adopter in the world
Post by: iCEBREAKER on January 07, 2015, 02:33:07 PM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

Yes, Monero is a second chance for us financially incompetent but technically astute early adopters to get a Lambo and beach house in Bora Bora.   8)

Plus BTC is still in its early days, being about were TCP/IP was in 1981 (an obscure six years old protocol used only by the nerdiest nerds in Nerdville).


Title: Re: I am the poorest early adopter in the world
Post by: viboracecata on January 07, 2015, 03:56:54 PM
mid-2011 can not be very early, there are more people, especially those IT engineers, introduced bitcoin in 2010, seriously, no one can image today's situation when bitcoin only worth cents


Title: Re: I am the poorest early adopter in the world
Post by: desired_username on January 07, 2015, 04:15:08 PM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

lol. Where do these imbeciles come from?


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 07, 2015, 04:27:03 PM
didnt needed to buy TCP/IP to use it,

There was a period when finding a usable implementation was a chore, and the most functional ones were commercial software. It didn't come bundled with the OS, it wasn't "just there".



Edit, example: http://en.wikipedia.org/wiki/FTP_Software


Title: Re: I am the poorest early adopter in the world
Post by: Wary on January 07, 2015, 10:51:19 PM
First heard of it around 2011 or even 2010. Decided it's bad idea. "It can't work. No intrinsic value. They should marry it with gold or something."
Next heard of it after the 2011 crash. "So, I was right. No intrinsic value".
Next heard of it around May-2013. "Well! It does work! Should buy some". (It wend down immediately after the purchase :)).


Title: Re: I am the poorest early adopter in the world
Post by: Brewins on January 08, 2015, 12:54:12 AM
At least you haven't lost your money with scams and with Gox/Stamps. Or gambling

Things always could be worse


Title: Re: I am the poorest early adopter in the world
Post by: johnyj on January 08, 2015, 01:14:56 AM
Even by 2011, it is not an easy task to get a couple of bitcoins without setting up a perfessional GPU mining rig. If I remember correctly, a top gaming rig with dual AMD GPU can generate 0.4 BTC per day, a garage filled with 14 motherboard with 3 AMD cards each can get around 10 coins and pay a lot on electricity since the coin worth just a little by then

https://i.imgur.com/lKV5U.png

And running such a setup for 400 days will net you 4000 coins, still not a big fortune like the guy lost 7000+ coins in a hard drive. If you get the coin this hard way, you will try all the best to protect them


Title: Re: I am the poorest early adopter in the world
Post by: fonenumba on January 08, 2015, 03:52:01 AM
so you could have had like over 10,000 BTC easily...damn...
Probably not from mining (although it would be possible with a large investment). He could have potentially purchased large amounts of bitcoin via gox and/or btc-otc


Title: Re: I am the poorest early adopter in the world
Post by: Melbustus on January 08, 2015, 05:38:34 AM
Even by 2011, it is not an easy task to get a couple of bitcoins without setting up a perfessional GPU mining rig. If I remember correctly, a top gaming rig with dual AMD GPU can generate 0.4 BTC per day, a garage filled with 14 motherboard with 3 AMD cards each can get around 10 coins and pay a lot on electricity since the coin worth just a little by then

https://i.imgur.com/lKV5U.png

And running such a setup for 400 days will net you 4000 coins, still not a big fortune like the guy lost 7000+ coins in a hard drive. If you get the coin this hard way, you will try all the best to protect them


Yeah, I remember doing some calcs on mining over the summer of 2011 and deciding it wasn't worth it, unless one *already* had a bunch of solid GPU cards lying around. Mining basically never pencils out unless you have really cheap electricity and/or vastly lower equipment costs than most people.

It's almost always made more sense to just market-buy the bitcoin instead. At least since I've been paying attention.


Title: Re: I am the poorest early adopter in the world
Post by: jonald_fyookball on January 08, 2015, 05:39:59 AM
how fiercely blue thy mining rigs glow


Title: Re: I am the poorest early adopter in the world
Post by: Wendigo on January 08, 2015, 08:06:53 AM
I have seen photos of some miners that wanted to route the hot air from the gpu rigs throughout the house during the winter and save on AC costs  ;)


Title: Re: I am the poorest early adopter in the world
Post by: BlueTemplar on January 08, 2015, 04:14:37 PM
I've considered multiple times to use my desktop computer as a heater in winter to mine bitcoins (since I had electric heating otherwise). But the risk of frying it always made me reconsider.

I might try it now. I heard a Radeon HD 5770 (that I happen to have) is a good graphic card for bitcoin mining. What kind of bitcoin/joule efficiency can you get using it nowadays?


Title: Re: I am the poorest early adopter in the world
Post by: iCEBREAKER on January 08, 2015, 04:33:13 PM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

lol. Where do these imbeciles come from?

I can't speak for kazuki49, but I come from the first generation to grow up in the milieu produced by the first wave of cypherpunks and Extropians.

Monero and Ethereum are the next steps in Szatoshi Nickamoto's long-term plan to free humanity from death and taxes, so we may reach the stars.

From where do you 'Buttcoin sucks because fake internet nerd money' Negative Nancy types come?  Some miserable, shitty country behind the Iron Curtain?

Funny that we both registered on the same day!   :D


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 08, 2015, 04:34:06 PM
I've considered multiple times to use my desktop computer as a heater in winter to mine bitcoins (since I had electric heating otherwise). But the risk of frying it always made me reconsider.

I might try it now. I heard a Radeon HD 5770 (that I happen to have) is a good graphic card for bitcoin mining. What kind of bitcoin/joule efficiency can you get using it nowadays?
practically zilch. It won't even make as much in a winter as you can get in one day at a faucet I think.

Other cryptocurrencies, "alts" may be marginally worth it, but only in the particular case of displacing electric heating. Scrypt algorythm has been ASICed though, and Scrypt-N is also, therefore no coin using those is going to be worth doing on a GPU either.

For coins that have been "around" a while, i.e. have non-pump and dump valuations, and active user base and development, I'd take a guess that Darkcoin, Feathercoin and DigitalCoin are most worth looking at right now for GPU mining.

For anyone else, unless you have extremely cheap or free electricity, these are not going to break even still.


Title: Re: I am the poorest early adopter in the world
Post by: iCEBREAKER on January 08, 2015, 04:36:02 PM
I've considered multiple times to use my desktop computer as a heater in winter to mine bitcoins (since I had electric heating otherwise). But the risk of frying it always made me reconsider.

I might try it now. I heard a Radeon HD 5770 (that I happen to have) is a good graphic card for bitcoin mining. What kind of bitcoin/joule efficiency can you get using it nowadays?
practically zilch. It won't even make as much in a winter as you can get in one day at a faucet I think.

Other cryptocurrencies, "alts" may be marginally worth it, but only in the particular case of displacing electric heating. Scrypt algorythm has been ASICed though, and Scrypt-N is also, therefore no coin using those is going to be worth doing on a GPU either.

For coins that have been "around" a while, i.e. have non-pump and dump valuations, and active user base and development, I'd take a guess that Darkcoin, Feathercoin and DigitalCoin are most worth looking at right now for GPU mining.

For anyone else, unless you have extremely cheap or free electricity, these are not going to break even still.

You can easily mine a few XCN per day with a GPU.

https://bitcointalk.org/index.php?topic=713538.0


Title: Re: I am the poorest early adopter in the world
Post by: samuel999 on January 08, 2015, 05:02:39 PM
I think for all the people that made a killing off of cryptocoins, we also have a lot that almost did, or just missed out on it.


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 08, 2015, 05:18:22 PM
we also have a lot that almost did,

Yah, I tell you what's worse, being aware of opportunity and being prevented from taking advantage of it... had a lot of real world time/attention vampires through summer/fall 2013... from which I could not get away long enough to set up 6 GPUs for litecoin mining, spiked at 0.051/BTC later in year.... could have about tripled what I'm holding now.


Title: Re: I am the poorest early adopter in the world
Post by: BlueTemplar on January 08, 2015, 05:57:45 PM
I'll look into other cryptocurrencies, thanks.

I think for all the people that made a killing off of cryptocoins, we also have a lot that almost did, or just missed out on it.

Well, that's kind of obvious - money invested into bitcoins (or any other currency or financial "instrument") is a zero-sum game : for each $/€/£/¤ that someone "wins" by "taking out", someone has to "put in" and "lose".

The question is whether everyone benefits in general (benefit not counted in money) with bitcoin as a tool for transactions (and much more).


Title: Re: I am the poorest early adopter in the world
Post by: maurya78 on January 08, 2015, 08:09:39 PM
That's a really sad story
Console yourself with the knowledge that you are a footnote in history...


Title: Re: I am the poorest early adopter in the world
Post by: giantblckdld on January 08, 2015, 08:17:15 PM
 
Dude I am a fucking poor early adopter.

Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

True.


Title: Re: I am the poorest early adopter in the world
Post by: MRBONG411 on January 08, 2015, 09:52:45 PM
I registered here and started reading and learning about bitcoin in 2011 when they were just $2 each. Max Keiser got me interested in them.

I never did buy any back then and wish I would have at least spent a twenty. I did mine with my laptop graphics card for a bit but didn't get much.

I did try to sell some things on a website called bitcoin classifieds and my items are still up. Never did sell anything but it just goes to show you the value of bitcoin back then.

For just half a bitcoin you could have bought this in 2011 - http://www.bitcoinclassifieds.net/ad/374_Brand_New_Sealed_Secrets_Of_The_Kama_Sutra_DVD/ (http://www.bitcoinclassifieds.net/ad/374_Brand_New_Sealed_Secrets_Of_The_Kama_Sutra_DVD/)

For just a quarter of a bitcoin you could have gotten one of these fine HD DVDs.

http://www.bitcoinclassifieds.net/ad/413_Brand_New_Sealed_Transformers__2_Disc_Special_Edition_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/413_Brand_New_Sealed_Transformers__2_Disc_Special_Edition_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/411_Brand_New_Sealed_The_Bourne_Identity_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/411_Brand_New_Sealed_The_Bourne_Identity_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/412_Brand_New_Sealed_Meet_Joe_Black_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/412_Brand_New_Sealed_Meet_Joe_Black_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/414_Brand_New_Sealed_Blades_Of_Glory_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/414_Brand_New_Sealed_Blades_Of_Glory_HD_DVD/)










Title: Re: I am the poorest early adopter in the world
Post by: BlueTemplar on January 09, 2015, 12:31:17 AM
Because an image is better than a thousand posts :
Full MtGoxUSD price data in log scale :
http://bitcoincharts.com/charts/chart.png?width=1307&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=1&p=0&


Title: Re: I am the poorest early adopter in the world
Post by: Wendigo on January 09, 2015, 06:57:15 PM
I registered here and started reading and learning about bitcoin in 2011 when they were just $2 each. Max Keiser got me interested in them.

I never did buy any back then and wish I would have at least spent a twenty. I did mine with my laptop graphics card for a bit but didn't get much.

I did try to sell some things on a website called bitcoin classifieds and my items are still up. Never did sell anything but it just goes to show you the value of bitcoin back then.

For just half a bitcoin you could have bought this in 2011 - http://www.bitcoinclassifieds.net/ad/374_Brand_New_Sealed_Secrets_Of_The_Kama_Sutra_DVD/ (http://www.bitcoinclassifieds.net/ad/374_Brand_New_Sealed_Secrets_Of_The_Kama_Sutra_DVD/)

For just a quarter of a bitcoin you could have gotten one of these fine HD DVDs.

http://www.bitcoinclassifieds.net/ad/413_Brand_New_Sealed_Transformers__2_Disc_Special_Edition_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/413_Brand_New_Sealed_Transformers__2_Disc_Special_Edition_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/411_Brand_New_Sealed_The_Bourne_Identity_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/411_Brand_New_Sealed_The_Bourne_Identity_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/412_Brand_New_Sealed_Meet_Joe_Black_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/412_Brand_New_Sealed_Meet_Joe_Black_HD_DVD/)

http://www.bitcoinclassifieds.net/ad/414_Brand_New_Sealed_Blades_Of_Glory_HD_DVD/ (http://www.bitcoinclassifieds.net/ad/414_Brand_New_Sealed_Blades_Of_Glory_HD_DVD/)










Wow Transformers 2 is more than 5 years old. How time flies :o


Title: Re: I am the poorest early adopter in the world
Post by: ticoti on January 09, 2015, 07:24:16 PM
well, at least that is better than having losing huge amounts


Title: Re: I am the poorest early adopter in the world
Post by: desired_username on January 10, 2015, 04:47:04 PM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

lol. Where do these imbeciles come from?

I can't speak for kazuki49, but I come from the first generation to grow up in the milieu produced by the first wave of cypherpunks and Extropians.

Monero and Ethereum are the next steps in Szatoshi Nickamoto's long-term plan to free humanity from death and taxes, so we may reach the stars.

From where do you 'Buttcoin sucks because fake internet nerd money' Negative Nancy types come?  Some miserable, shitty country behind the Iron Curtain?

Funny that we both registered on the same day!   :D

I'm coming from a dimension where people got tired of constantly listening to shitcoin pumps.

Ethereum is not even released, and monero is perfectly tuned to stay in a niche.

I have never said that bitcoin sucks btw, I prefer to use it over any of my other options.


Title: Re: I am the poorest early adopter in the world
Post by: neurotypical on January 10, 2015, 07:55:32 PM
I think for all the people that made a killing off of cryptocoins, we also have a lot that almost did, or just missed out on it.
Well this is what always happen. Pyramid scheme which is what all how all wealth distributions look like.
Unfortunately we all missed the boat unless 1 coin goes to like 100K, and I have more hopes of something like MaidSafe being more rewarding to invest than invest in Bitcoin at this point. I will still hold what I have but I know i'll never be rich from Bitcoin at sub 10 BTC.


Title: Re: I am the poorest early adopter in the world
Post by: Flashman on January 10, 2015, 08:55:04 PM
but I know i'll never be rich from Bitcoin at sub 10 BTC.

Settle for less than 10BTC then, and stand with your legs open in case someone important feels like kicking you in the nuts again, wouldn't want to piss them off by making it difficult.  ;)


Title: Re: I am the poorest early adopter in the world
Post by: iCEBREAKER on January 15, 2015, 06:44:58 AM
Dont be sad, get in Monero (XMR) its actually better overall than Bitcoin and has great chances of repeating its success, its also cheap.

lol. Where do these imbeciles come from?

I can't speak for kazuki49, but I come from the first generation to grow up in the milieu produced by the first wave of cypherpunks and Extropians.

Monero and Ethereum are the next steps in Szatoshi Nickamoto's long-term plan to free humanity from death and taxes, so we may reach the stars.

From where do you 'Buttcoin sucks because fake internet nerd money' Negative Nancy types come?  Some miserable, shitty country behind the Iron Curtain?

Funny that we both registered on the same day!   :D

I'm coming from a dimension where people got tired of constantly listening to shitcoin pumps.

Ethereum is not even released, and monero is perfectly tuned to stay in a niche.

I have never said that bitcoin sucks btw, I prefer to use it over any of my other options.

I don't remember Nick Szabo "constantly" pumping Ethereum.  All he did was tweet about it a couple of times AFAIK.  That's enough to impress me.

As for Monero, both our gracious host Thermos and BTC coredev GMaxwell declared its ring signature technology to be interesting.  And it hasn't even begun to fill its niche...

But yes, there are many shitcoin pumps; that's why I did my DD and developed filtering criteria to create a whitelist for quality projects.

Since you are "tired" please take a nap and stop being such a cranky baby!   :)



Title: Re: I am the poorest early adopter in the world
Post by: desired_username on January 17, 2015, 02:46:54 PM
I don't remember Nick Szabo "constantly" pumping Ethereum.  All he did was tweet about it a couple of times AFAIK.  That's enough to impress me.

As for Monero, both our gracious host Thermos and BTC coredev GMaxwell declared its ring signature technology to be interesting.  And it hasn't even begun to fill its niche...

But yes, there are many shitcoin pumps; that's why I did my DD and developed filtering criteria to create a whitelist for quality projects.

Since you are "tired" please take a nap and stop being such a cranky baby!   :)



Do you always follow authoritative figures?

We don't even know who nick szabo is, thermos ripped off the community and turned every single bitcoin forum to shit...not the best sources for "investment" tips.


Title: Re: I am the poorest early adopter in the world
Post by: Q7 on January 17, 2015, 03:07:07 PM
At the rate price is dropping we'll soon all have the chance to become early adopters. At the moment, price remains almost stagnant and is showing the sign we all observed before it took a plunge. Keeping my fingers crossed here that it doesn't happen again.


Title: Re: I am the poorest early adopter in the world
Post by: Superhitech on January 17, 2015, 09:19:35 PM
Don't worry, if the price drops, we can all be early adopters!  :D

The price seems to have stabilized though, at around $200 a coin.


Title: Re: I am the poorest early adopter in the world
Post by: defaced on January 17, 2015, 10:12:26 PM
Buy now. Then just wait.

And come back in 2020, you will see people posting in this forum "sh*t, I heard about bitcoin in 2015 when it was only ~300$, and now it is more than X0'000$". etc. etc.

Very unlikely in 5 years.

Have you not been paying attention what was btc worth 5 yrs ago?


Title: Re: I am the poorest early adopter in the world
Post by: sethminer14 on January 17, 2015, 10:29:55 PM
Haha seriously. Everybody kicks themselves for not getting in sooner. Think back to when everyone cpu mined bitcoin... ::)


Title: Re: I am the poorest early adopter in the world
Post by: SargeR33 on January 18, 2015, 12:38:50 AM
I found out about bitcoin in my cryptography class at uni about 4 years ago. The teacher was showing us algorithms and what not. I got interested for about 10 minutes(I think its value at the time was 9 cents). I missed out too.


Title: Re: I am the poorest early adopter in the world
Post by: desired_username on January 18, 2015, 10:52:06 AM
I found out about bitcoin in my cryptography class at uni about 4 years ago. The teacher was showing us algorithms and what not. I got interested for about 10 minutes(I think its value at the time was 9 cents). I missed out too.

I don't think anyone missed out. Not even the ones who still own $1000 coins.

I'm also not sure why people can't comprehend the word "volatile".


Title: Re: I am the poorest early adopter in the world
Post by: dewdeded on January 18, 2015, 11:08:30 AM
I bought 210 BTC for $6, 40 BTC for $80 and 35 BTC for $110 and invested all the 285 BTC at the orginal Silk Road for drugs.

Didnt felt bad at the time, had alot money these days and was pretty bad addicted and stoned. Felt great, had domestic SR vendors. Spent BTC got drugs delivered via mail in under 24 hours. Was a great time.
Also in my stoned & uninformed mind, I always thought price couldnt go bigger then $100/coin, that would be the absolut max. :-)

Was later REALLY, REALLY annoyed when price moved to $1000. (Obvious cuz 285 * 1000= $285000) Feel way better now with price at $200. Doesnt feel like so much wasted money. ;)

What also makes me feel better today, that its sure now that Bitcoin is no good crypto asset and will never go to $10.000 / coin or $500.000 / coin , which are values we all dreamed about in 2012 und and 2013.

A new better, TBD crypto assset will go the moon, but not Bitcoin. That's good.


Title: Re: I am the poorest early adopter in the world
Post by: iCEBREAKER on January 19, 2015, 06:09:03 AM
Do you always follow authoritative figures?

We don't even know who nick szabo is, thermos ripped off the community and turned every single bitcoin forum to shit...not the best sources for "investment" tips.

This forum is only "shit" for those who have not eyes to see nor ears to hear.

I only "follow" authoritative figures when their motivations, goals, and ideology are roughly congruent with my own.

Szabo is such a figure, and has been since long before BTC was a thing.

We don't need to know his Real Name, only that we are not worthy to be suckers on his tentacle.

Biographies do not matter.  Only the code and our plan matter.

Didn't you notice the lead Cryptonote dev's familiar initials?

Nick Szaberhagen has a posse...   8)


Title: Re: I am the poorest early adopter in the world
Post by: sgk on January 19, 2015, 07:14:08 AM
Technically speaking, I guess this makes me an early adopter. I was into bitcoins and even obtained some while the prices were still in the single digits. But with only 75,000 satoshis to show for it, I must be the poorest early adopter in the world. :(

I'm sorry you feel it that way and I can understand how it must have felt. But you're still better than this guy:
https://bitcointalk.org/index.php?topic=916785

You do not have many Bitcoins because you did not accumulate them. That guy accumulated thousands of them and then lost all of them. Today you're both same 'rich'.


Title: Re: I am the poorest early adopter in the world
Post by: Lincoln6Echo on January 19, 2015, 08:01:48 AM
I bought 210 BTC for $6, 40 BTC for $80 and 35 BTC for $110 and invested all the 285 BTC at the orginal Silk Road for drugs.

Didnt felt bad at the time, had alot money these days and was pretty bad addicted and stoned. Felt great, had domestic SR vendors. Spent BTC got drugs delivered via mail in under 24 hours. Was a great time.
Also in my stoned & uninformed mind, I always thought price couldnt go bigger then $100/coin, that would be the absolut max. :-)

Was later REALLY, REALLY annoyed when price moved to $1000. (Obvious cuz 285 * 1000= $285000) Feel way better now with price at $200. Doesnt feel like so much wasted money. ;)

What also makes me feel better today, that its sure now that Bitcoin is no good crypto asset and will never go to $10.000 / coin or $500.000 / coin , which are values we all dreamed about in 2012 und and 2013.

A new better, TBD crypto assset will go the moon, but not Bitcoin. That's good.

Well, that explains a lot...


Title: Re: I am the poorest early adopter in the world
Post by: Possum577 on January 19, 2015, 08:10:52 AM
Cool story, keep looking forward though. Dwelling on the past rarely makes the future better.


Title: Re: I am the poorest early adopter in the world
Post by: Possum577 on January 19, 2015, 08:15:53 AM
Cool story, keep looking forward though. Dwelling on the past rarely makes the future better.


Title: Re: I am the poorest early adopter in the world
Post by: A.F.K on January 19, 2015, 08:29:21 AM
Nice job! Just buy a bit at a time...


Title: Re: I am the poorest early adopter in the world
Post by: bornil267645 on January 19, 2015, 12:23:59 PM
Well I thought I was the poorest till I saw your post. I recovered some of the data from last year and I recovered about 120000 satoshi last month.


Title: Re: I am the poorest early adopter in the world
Post by: findftp on January 19, 2015, 12:29:00 PM

Technically speaking, I guess this makes me an early adopter. I was into bitcoins and even obtained some while the prices were still in the single digits. But with only 75,000 satoshis to show for it, I must be the poorest early adopter in the world. :(

lol that sucks, i made mistakes not buying @ $50 myself.  If the price keeps dropping we all going to be poor again.

It depends if you count your wealth in USD or in Satoshis
I for example am very happy with these lower prices.
I'd never thought I got an extra chance to buy some (convert to new money system) at a discount!


Title: Re: I am the poorest early adopter in the world
Post by: ObscureBean on January 19, 2015, 03:08:09 PM
I usually read news a lot online while at work and in 2010, the word 'Bitcoin' popped up a few times but I dismissed it every single time without ever trying to find out how it worked or even what it was really about lol. If I'd taken a few minutes to read up on it, I would definitely have invested $30 - $50  :( It was only in late October 2013 that I finally got irritated enough with the word 'Bitcoin' to find out what the fuss was all about  :D