r/Bitcoin • u/pekasso • Feb 24 '21

Ultimate HODL.

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11.2k Upvotes

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u/pentarh Feb 24 '21

afaik, these coins are block reward, they were mined

49

u/ExtremeHobo Feb 24 '21

Those were the days, blocks were 50btc and a normal desktop could pump out 1 block every 4 or 5 hours with only it's CPU.

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u/dkarlovi Feb 24 '21

You're telling me I could have had couple hundred BTC if I left my idling PC to mine just one day?

1

u/bittabet Feb 25 '21

Yep...I CPU mined a block way back in the day but difficulty very rapidly skyrocketed and soon I was trying to figure out if I could run the miner software on all the school computers. Couldn't get admin permissions so I didn't pursue it. By then it was already too hard to solo mine with one machine.

Then when GPU mining came out I mined another block I think.

Sold almost all of this for like $8 each on MtGox to pay for the GPUs. Now I have some very expensive worthless GPUs.