The Bitcoin Rush

[orion87]

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

[silversurfer]

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

[vpitcher07]

You have to add something about BFL in here hahah

[Ecurb123]

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

[defaced]

yes.. just yes.

[FCTaiChi]

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

[Phinnaeus Gage]

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

[bbit]

this was great phinny! Lol

[claycoins]

  I like it.

[Mjbmonetarymetals]

Nice !!!  Very nice

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

[Mjbmonetarymetals]

Here's to the good old days !

[FeedbackLoop]

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

[MicroGuy]

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

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?

[FCTaiChi]

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

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.