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Author Topic: Let's share some of our Bitcoin Pizza moments for the new ATH  (Read 242 times)
sapnu
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January 07, 2021, 06:45:10 PM
 #21

I remember the time when I bought some gadgets because I really needed it.

I used Bitcoin in order for me to buy those things. I often spend some Bitcoins to buy some stuffs that I don't need and that is around end of 2017-2018. Time when the market is bleeding very hard. I don't feel regret at the present since I didn't expect for Bitcoin to be at this price and we don't know what can happen in the future right Cheesy.
We are actually the same, since I've learned about cryptocurrency, it changes me and my way of thinking about money. At first, I thought crypto was just a kind of game because my friends are talking about it. I'm so curious about it so I ask them what are they talking about, they are really experiencing difficulty explaining but when I tried creating an account on this forum and continue to read about certain things that involve crypto, I am learning as time passes by, and now, I bought a lot of things that I want because of bitcoin. I can go to the places that I want with my friends. I am thankful that I have friends that are wise.
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January 07, 2021, 06:55:04 PM
Merited by DdmrDdmr (1)
 #22

I left a CPU miner running on my email & webserver VPS (back when Bitcoin was fairly new and worth nothing).  I managed to solo-mine 50 BTC, but forgot about it for a while.

Back in 2013, when BTC was around $13 and I was a n00b in this forum, I used most of that 50 BTC to buy a used Radeon HD 6870 (to do some GPU mining) and a couple of Butterfly Labs coffee-warmer ASIC miners.  I still have these, though they're all idle as none of them are economical to mine with nowadays.  (The GPU, at least, was still powering my work desktop until it got upgraded a few months ago.)

If I'd held onto those 50 BTC, they'd now be worth the better part of $2 million.

Mining proceeds mostly went into a few silver purchases at first, then into buying more ASIC miners (fastest I ever bought were a couple of Antminer S1s).  None of them are economical to mine with now, so they're as much paperweights as the BFL miners.

In 2017, I decided to have another go at GPU mining and built a rig with four GeForce GTX 1070s.  In about a year, it mined enough to pay for itself.  In the recent runup in value, two things have happened: (1) it's once again profitable to run the rig (fired it up again last night, and it's supposed to clear $300 or so per month even with power at 12¢/kWh) and (2) the proceeds from the last round of mining have appreciated enough that they'll go a long way toward paying off my mortgage.  I've also bought and held some BTC, so I'll probably only put 50-60% of current holdings toward the mortgage and let the rest of it continue to appreciate.

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_Miracle
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January 08, 2021, 01:44:10 AM
 #23

Oh boy :-) I've spent many a bitcoin.

And I've been looking at some past purchases so I can pull this from Overstock it wasn't my first or last...

Monday, August 25, 2014 I spent $102.98 usd @ overstock.com on a vacuum cleaner, Wounded Warrior Project and Best Friends Animal Society donations.
They don't list in btc but I'll post an update if I ever run into the transaction.



I don't remember the exact price of btc at the time but here is a headline from Coindesk for perspective...

"Bitcoin Price Passes $570 for First Time Since August 2014" -  CoinDesk.Jun 3, 2016

There 'used' to be more truth in forums than anywhere else.  Twitter:  @cryptobitchicks  Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?"  INTJ-A
KonstantinosM (OP)
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January 08, 2021, 03:53:37 AM
 #24

I left a CPU miner running on my email & webserver VPS (back when Bitcoin was fairly new and worth nothing).  I managed to solo-mine 50 BTC, but forgot about it for a while.

Back in 2013, when BTC was around $13 and I was a n00b in this forum, I used most of that 50 BTC to buy a used Radeon HD 6870 (to do some GPU mining) and a couple of Butterfly Labs coffee-warmer ASIC miners.  I still have these, though they're all idle as none of them are economical to mine with nowadays.  (The GPU, at least, was still powering my work desktop until it got upgraded a few months ago.)

If I'd held onto those 50 BTC, they'd now be worth the better part of $2 million.

Mining proceeds mostly went into a few silver purchases at first, then into buying more ASIC miners (fastest I ever bought were a couple of Antminer S1s).  None of them are economical to mine with now, so they're as much paperweights as the BFL miners.

In 2017, I decided to have another go at GPU mining and built a rig with four GeForce GTX 1070s.  In about a year, it mined enough to pay for itself.  In the recent runup in value, two things have happened: (1) it's once again profitable to run the rig (fired it up again last night, and it's supposed to clear $300 or so per month even with power at 12¢/kWh) and (2) the proceeds from the last round of mining have appreciated enough that they'll go a long way toward paying off my mortgage.  I've also bought and held some BTC, so I'll probably only put 50-60% of current holdings toward the mortgage and let the rest of it continue to appreciate.

Our paths were similar, although I wasn't as early as you.

I did pool mine a tiny amount of BTC using my laptop, even cpu mining, but that era was long over when I first got into bitcoin. So I wanted to mine a ton of BTC. I pre-ordered a BFL Little Single. I thought I'd mine a lot of bitcoins rather than buying them. 10 months passed before I could even get my mining rig. The first halving came and went really fast, and by the time I got my mining rig it could only mine like 0.2 BTC per day.

I still mined a little bit but I also f'd around mining altcoins and even nothing at all at times. I got really discouraged by the whole BFL thing.

And it's all my fault too, I could have done some due diligence and found out that BFL was run by a long-time scammer. If I knew that I'd probably outright buy bitcoins or choose another ASIC vendor.

I did also do some silver purchases just like you. But unlike you I threw a bunch of coins into a canal one day when I was really depressed. I guess I could go diving in the muck with a waterproof metal detector.

And I've been looking at some past purchases so I can pull this from Overstock it wasn't my first or last...


If you used Bitcoin Core you can definitely find the transaction. I think it saves them in the wallet.dat so if you still have backups from that time, or are using the same wallet you can look at all the transactions and even sort them chronologically or buy amount.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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January 09, 2021, 01:54:21 AM
 #25



If you used Bitcoin Core you can definitely find the transaction. I think it saves them in the wallet.dat so if you still have backups from that time, or are using the same wallet you can look at all the transactions and even sort them chronologically or buy amount.

I used many wallets (also used Coinbase) and typically would have a different address for each mining pool.
It's been a couple years since I've spent anything so for the last week I've been trying to get Armory fired up---aaaaand of course there are newer versions of core and Armory but I'm going to see if it can be "the easy way" first before installing both updates. We'll see how that goes  Smiley

There 'used' to be more truth in forums than anywhere else.  Twitter:  @cryptobitchicks  Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?"  INTJ-A
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January 09, 2021, 08:54:33 AM
 #26

Ever since I joined this forum way back in 2017, I am fortunate enough to have participated in campaigns as early as a Jr. Member.

Back then, 1 btc was equivalent to around $4,000-$5,000 and it stayed that way for a couple of weeks. I needed to purchase books and study materials, so I converted most of my earnings to fiat via our local wallet exchange.

When I had around $150 worth of bitcoins at that time, a friend of mine introduced me to USI-TECH and he showed me his local wallet amounting to around 120 btcs. He told me that he invested 50% of his btcs and gained 30% every six (6) months.
Being young and naive, I quickly invested all of my btcs and bought their so called 'packages' (I even attended a seminar about USI-TECH and met the developers here in our country). For four (4) months, I saw my btcs increased but at the day of the deposit, their website crashed and I lost all of my invested btcs.

If I had only known back then what I know now, my 0.025 btcs in 2017 ($150) could have been $1,000 now. Learning is indeed the best experience.
KonstantinosM (OP)
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January 09, 2021, 04:05:50 PM
 #27

Learning is indeed the best experience.

Yeah, I've made a lot of mistakes too. Here's  a McDouble mistake I made. I donated 0.5BTC to a relatively new exchange, so I'd never pay fees in the future. I also held some litecoin and left it on that exchange (about 15) and a few more insignificant alts (not a lot of value).

Flash forward about a year and the people who run the exchange claimed the were hacked and then promptly disappeared. I remember there were other people on the forum that wanted to straight up kill them. They used their real names and there was even some video footage if I remember correctly. I don't think these people set out to do a scam, their exchange worked great, I don't know what went wrong but it was definitely a mistake leaving funds on an exchange.

Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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