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Author Topic: In the early days of Bitcoin ...  (Read 248 times)
passwordnow
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February 18, 2021, 08:38:04 PM
 #21

That's the same thought as a few years ago when bitcoin hits three digits. But past is past and those were just the good old days for bitcoin. Many weren't serious of what they're mining and the difficulty isn't that much until it had gained traction. Just like this guy[1] when he was mining through his laptop. You'll get an idea how plenty they can mine during the early days.
[1] m/2017/12/20/man-lost-127-million-worth-of-bitcoins-and-city-wont-let-him-look.html]Man accidentally threw away $127 million in bitcoin and officials won’t allow a search
OMG, worth $375 million if he still had them today!

I hope he's managed to come to terms with it, I'd struggle!!
It's hopeless. That's why there's also a recent news about him that's taking a deal with the officials and giving them some offer that's going to be beneficial for both of them.
But it's no use, it's been a long that he has been thinking of it and it's hard to tell if he can still find what's gone for years.

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imstillthebest
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February 19, 2021, 05:33:46 AM
 #22

he didnt knew what he was mining ? but how can he knew the name bitcoin and he already mined over 50 coins .
that guy can be lying because he was not sure with the interview .
 when btc was released i think it was already came with a description that it was a currency and it can easily mark to the people that it can be used for buying but they wont know the real value of it and they wont thought that its more than just a currency because its value growed later on . they should have spend all what they got but forgetting your coins is regretful
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February 19, 2021, 06:22:11 AM
 #23

Bitcoin is very expensive today, and some people are diligently trying to denigrate it, calling it both a bubble and a terrorist currency. Why is this happening? Because they are not educated, they do not have a real understanding of all the conveniences that Bitcoin can provide. People are lazy. New knowledge comes with news backgrounds, fashion, trends. But there comes a time when every person begins to realize and regret wasted time and lost opportunities. And no matter how we blame ourselves for those things that passed us by, it is impossible to be in time everywhere.
Therefore, today's youth is given a great chance to learn bitcoin. You should not play with "sadness", but you need to learn. Cryptocurrency is the future. And all those who today shout that bitcoin is evil, sooner or later, will also accept it in the same way, as many large companies that were previously against it are doing today.

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btc78
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February 19, 2021, 06:37:24 AM
 #24

... how many coins could be mined in a day on a standard home PC?

In our days now ? you cannot even Mine a Hairtips of Bitcoin daily now and even in a year , that's why many miners converted into Altcoin mining .

But asking about standard PC? i'm not sure if you can still Mine now because Highest Rigs is what Miners uses now


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I wish I'd stumbled across it 10 years ago! Sad
How i wish we all does mate?

But what most people says, you will only see the value if the chance has already gone in your side.

ethereumhunter
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February 19, 2021, 11:41:48 AM
 #25

he didnt knew what he was mining ? but how can he knew the name bitcoin and he already mined over 50 coins .
that guy can be lying because he was not sure with the interview .
 when btc was released i think it was already came with a description that it was a currency and it can easily mark to the people that it can be used for buying but they wont know the real value of it and they wont thought that its more than just a currency because its value growed later on . they should have spend all what they got but forgetting your coins is regretful

Maybe he only follows his friend or reads the news on a website, so he is interested in mining with his computer at home. He did not know if that coin can be the biggest and popular in the next 10-20 years later, and he thinks it is fun to mining that coin without knowing the future. We always want to go back to the past and fix the mistake that we made, but we do not have time machine hardware that can allow us to go back. Yes, that will be a big regret to us, and we can difficult to accept the reality.

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February 19, 2021, 12:35:25 PM
 #26

That's the same thought as a few years ago when bitcoin hits three digits. But past is past and those were just the good old days for bitcoin. Many weren't serious of what they're mining and the difficulty isn't that much until it had gained traction. Just like this guy[1] when he was mining through his laptop. You'll get an idea how plenty they can mine during the early days.
[1] Man accidentally threw away $127 million in bitcoin and officials won’t allow a search

Stories like these are a living proof that you should diversify your assets. Don't store all your eggs in one basket.
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February 19, 2021, 01:53:58 PM
 #27

I am sure most of us are also feeling down on not knowing Bitcoin in it's early days but just like what they did I am also sure that most of us would just ignore it and wouldn't think highly of it.
We could consider some of them to be lucky because they still have some of their crypto with them or some of them remembered about it and turn out to be instant rich person because of it.
But do you think that if you knew Bitcoin or any crypto on it's early stage you would support it or keep it up to this date?
When most of us are having doubts about it before it even goes back on 5 digit last year.

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February 19, 2021, 09:19:21 PM
 #28

That's the same thought as a few years ago when bitcoin hits three digits. But past is past and those were just the good old days for bitcoin. Many weren't serious of what they're mining and the difficulty isn't that much until it had gained traction. Just like this guy[1] when he was mining through his laptop. You'll get an idea how plenty they can mine during the early days.
[1] Man accidentally threw away $127 million in bitcoin and officials won’t allow a search

Stories like these are a living proof that you should diversify your assets. Don't store all your eggs in one basket.
The main lesson is to keep a back up for your private keys. The guy has been mining for a long time and that were during the early days of bitcoin. So, he's not really into investing by that time but through mining it and paying for the electricity used for doing it. He probably forgot to create a backup for his bitcoins and there were a lot of the same situations and stories like this. Because in the early days of bitcoin, no one actually have thought that it would grow as big as it is today so, they're not that sensitive and alert to keep backups for themselves.

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