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Ambatman (OP)
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December 05, 2025, 06:39:41 PM |
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So I recently found out that during satoshi era like pre ASIC All nodes were miners. https://bitcointalk.org/index.php?topic=48.msg310#msg310As can be seen by the post of Theymos, he was rewarded with a fee as well as the Block reward as a Node Further reading made me realise that miners and nodes were used interchangeably and Not separated like we have today. And the model that one machine does everything stopped making sense. The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing.
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Mia Chloe
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December 05, 2025, 07:08:44 PM |
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~snip
Pretty ironic how 50 BTC back in the day sounded like 50TRX lol. Anyways everything changed when we had more nodes and more miners basically what changed was difficulty. Long ago when Satoshi was active here you could easily get a block reward with just your CPU and little GPU. Things have changed now the competition is high and so is difficult and the required hashrate. And by the way they were all miners... Someone has to validate and confirm transactions. It only looked like they were not miners because of the small hashrate they needed then.
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_act_
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December 05, 2025, 07:20:23 PM |
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Computer is only needed to be a miner at the time, the same device is needed to run a node. People that want to run a node will also prefer to be a miner.
But now that ASICS are used for mining, which are very expensive than a computer. ASICs that will be producing at least over 100 Th/s is 10 times or more costly than a computer. Not all node runners now can get themselves ASICs.
It will not be surprising that everyone that has a computer and GPU at the time that is interested in bitcoin may be also be a miner.
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mrust_mobile
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December 05, 2025, 07:20:32 PM |
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So I recently found out that during satoshi era like pre ASIC All nodes were miners. https://bitcointalk.org/index.php?topic=48.msg310#msg310As can be seen by the post of Theymos, he was rewarded with a fee as well as the Block reward as a Node Further reading made me realise that miners and nodes were used interchangeably and Not separated like we have today. And the model that one machine does everything stopped making sense. The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing. This is not the only change that happened to bitcoin. We had segwit and many other updates. bitcoin that we use today is backwards compatible but also it is much more advanced than what we had 15 years ago. If satoshi woke up tomorrow, his coins would still be perfectly legit today. The network wouldn’t treat them differently than any other coin on the network. There will eventually be more changes and bitcoin will keep evolving. It is because it is human made and our needs change as the world around us also changes. Like quantum computers… which is a hot topic nowadays and that might force bitcoin to change one more time. We will see.
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Hatchy
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December 05, 2025, 07:40:50 PM |
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The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing.
Back then, you literally could mine Bitcoin using just a good CPU. I guess it was interesting. But as the network's difficulty increased, the CPU wouldn't have been able to keep up considering how less power it was.. a single CPU couldn't perform enough calculations per second to find a block fast enough to be profitable. Solo miners would run their power hungry computers for months without ever earning the rewards. I imagine electricity was cheaper then, but the immense power consumption of modern ASIC machines makes the cost a much bigger concern today..
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Cookdata
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December 05, 2025, 07:57:02 PM |
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https://x.com/raw_avocado/status/1912859249455124922I saw this image in a "fun fact of Bitcoin". This is a UI of Bitcoin back then when mining was built directly into the Bitcoin software. This image is from 2010 same year that post was created by Theymos, I believed this was the GUI they were using for wallet and mining together to use Bitcoin, but as difficulty increases personal computers couldn't handle mining and it was later removed. Unless you want to join a pool, mining is now capital intensive business that requires huge investment and the reward are lower compare to when it used to be 50, these are worth millions for every single block found those years, sweet Bitcoin 
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Donneski
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December 05, 2025, 08:04:11 PM |
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So I recently found out that during satoshi era like pre ASIC All nodes were miners. https://bitcointalk.org/index.php?topic=48.msg310#msg310As can be seen by the post of Theymos, he was rewarded with a fee as well as the Block reward as a Node Further reading made me realise that miners and nodes were used interchangeably and Not separated like we have today. And the model that one machine does everything stopped making sense. The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing. The funny thing about the Satoshi era is that people often imagine it as some “golden age” of perfect decentralization. I wasn't part of if but from what I read, the reality then was that network was so small that mining and validating naturally ended up being the same job. Nobody was thinking about ASICs or industrial mining, it was just a tiny experiment running on CPUs. That said, I don't think what we have today is Bitcoin losing its purity, it’s Bitcoin growing up. We separated roles because the world expanded around Bitcoin and the system adapted instead of breaking.
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Alpha Marine
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December 05, 2025, 08:07:29 PM |
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The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing.
This is why I don't buy the idea that some other coin will overtake Bitcoin in the future. Bitcoin is not regressive; it's progressive. It has evolved so much with the short time it has been in existence. It won't just stay stagnant while other coins grow and get better than it. No matter how the world evolves or gets sophisticated, Bitcoin will adapt with it. It's part of the reason why I'm not scared of quantum computers, too. It's a system that is built to allow evolution and adaptation while still keeping its core features and values.
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Felicity_Tide
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December 05, 2025, 08:56:10 PM |
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https://x.com/raw_avocado/status/1912859249455124922I saw this image in a "fun fact of Bitcoin". This is a UI of Bitcoin back then when mining was built directly into the Bitcoin software. This image is from 2010 same year that post was created by Theymos, I believed this was the GUI they were using for wallet and mining together to use Bitcoin, but as difficulty increases personal computers couldn't handle mining and it was later removed. I was a bit confused because I noticed their discussion kept revolving around running a node from the link the OP shared. But if actually they could discover blocks, earn rewards, while running a node at the same time with a simple CPU as at that time, then it obviously makes sense to call it node/Running a node, in general. But that terminology in this modern day might be a bit confusing considering how tasky the mining process has become. Difficulty isn't the same, so it's either you're running a node on a CPU, or you're attempting to generate a block with a more powerful machine, because that's the best way to keep up.
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Findingnemo
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December 05, 2025, 09:14:47 PM |
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It is justified, 50BTC now looks like a huge reward for us but just imagine, random people start to run their machines with nothing in return and start building as a community which was the first success of bitcoin. If no one believed in the vision of satoshi or decentralization in general then the idea of bitcoin might never took off and we wouldn't be thinking about reaching 1 million per coin by the year of 2030.
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Mia Chloe
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December 05, 2025, 09:30:12 PM |
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~snip
Halving made it way smaller and difficulty did the rest. If satoshi didn't set up the network that way there's a high chance bitcoin would have fallen along the way.
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PrivacyG
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December 05, 2025, 09:33:03 PM |
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Back in 2010 you could have Solo Mined some Bitcoin by using only your computer. You did not need expensive Mining hardware or joining Pools. It makes sense that Nodes were also Mining, would you not do this if you had a chance to earn some Bitcoin along the way? It is a hard and expensive task to do even Pool Mining today, let alone Solo Mining which is pretty much lottery with a chance of winning that only lowers in time. Before it was helping the Network grow and live, today if you try Solo Mining with little to no equipment you are only wasting energy and time.
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Ambatman (OP)
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December 05, 2025, 10:18:50 PM |
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No matter how the world evolves or gets sophisticated, Bitcoin will adapt with it. It's part of the reason why I'm not scared of quantum computers, too. It's a system that is built to allow evolution and adaptation while still keeping its core features and values.
This I believe is what many fails to get that some change and differences will start piling up Hopefully it doesn't steer away from its core ethos. One thing I'm curious about is how Mining centralization can be reduced without sacrificing hash Because it gets worse as time goes on thanks to POW which also contributes to security
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Cookdata
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December 05, 2025, 10:55:16 PM |
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https://x.com/raw_avocado/status/1912859249455124922I saw this image in a "fun fact of Bitcoin". This is a UI of Bitcoin back then when mining was built directly into the Bitcoin software. This image is from 2010 same year that post was created by Theymos, I believed this was the GUI they were using for wallet and mining together to use Bitcoin, but as difficulty increases personal computers couldn't handle mining and it was later removed. I was a bit confused because I noticed their discussion kept revolving around running a node from the link the OP shared. But if actually they could discover blocks, earn rewards, while running a node at the same time with a simple CPU as at that time, then it obviously makes sense to call it node/Running a node, in general. But that terminology in this modern day might be a bit confusing considering how tasky the mining process has become. Difficulty isn't the same, so it's either you're running a node on a CPU, or you're attempting to generate a block with a more powerful machine, because that's the best way to keep up. There is no confusion in the terminology, back in 2010 the wallet function as one entity. You can't use the wallet without downloading the full copy of the previous blocks, doing that makes you a node because you will have to download and also relay to other node peers in other to properly use the wallet to send and receive transactions, and you are not getting rewarded for been a node. To mine, you need to make some settings, you can see from the screenshot, you can see it says generate coins with some other settings, that's what you need to be a miner that time, if you found a block you get rewarded.
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coupable
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December 05, 2025, 11:39:59 PM |
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So I recently found out that during satoshi era like pre ASIC All nodes were miners. https://bitcointalk.org/index.php?topic=48.msg310#msg310As can be seen by the post of Theymos, he was rewarded with a fee as well as the Block reward as a Node Further reading made me realise that miners and nodes were used interchangeably and Not separated like we have today. And the model that one machine does everything stopped making sense. The world changed and Bitcoin adapted, which shows that it's inevitable for Bitcoin to remain same as the world is changing. I find this very obvious and I don't understand why you see it as a discussion worth paying attention to. At that time when only few people know about bitcoin and rare are those who know how to use it, mining was as simple as creating a forum account today that doesn't require more than your PC connected to the internet, which was what required to start a bitcoin node. You can notice the difference by today, starting a node is still easier, but mining becomes much more complicated (mainly because of difficulty).
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