🕰️ #Bitcoin History Lesson: "Sorry to Deflate the Balloon... But Mining Just Isn't Profitable!"
Date: September 14, 2011
Platform: Bitcointalk Forum
If you think your GPU mining rig setup is tough to manage today, take a look at what the OGs were dealing with back in 2011.
A forum user named "cicada" broke down the math on mining 1 Bitcoin every 25 days using a gaming GPU. The verdict?
❌ Not profitable (unless electricity is free).
Here are the numbers that will blow your mind:
📉 Total Earnings: $6 per month.
⚡ The Problem: The cost of running the GPU at 98%+ was "a lot more than $6."
💡 The Advice: "If you don't mind inflating your electric bill... to have some fun, by all means."
Fast forward to today, and Bitcoin’s price has skyrocketed over 1,000,000% since that $5.80/BTC valuation.
This post is the ultimate reminder of how far the network has come. It shows the passion of the early adopters who kept the lights on simply to "contribute to the network," proving that the biggest gains often come from the most underestimated technologie
#DYOR!! s.
Did you get into mining back in the GPU days? Or are you still mining for fun today? Let's talk in the comments! 👇
#CryptoHistory #BitcoinMining #BTC #BinanceSquare #CryptoCommunity #Throwback$GOOGL.US $BTC $USDC
Date: September 14, 2011
Platform: Bitcointalk Forum
If you think your GPU mining rig setup is tough to manage today, take a look at what the OGs were dealing with back in 2011.
A forum user named "cicada" broke down the math on mining 1 Bitcoin every 25 days using a gaming GPU. The verdict?
❌ Not profitable (unless electricity is free).
Here are the numbers that will blow your mind:
📉 Total Earnings: $6 per month.
⚡ The Problem: The cost of running the GPU at 98%+ was "a lot more than $6."
💡 The Advice: "If you don't mind inflating your electric bill... to have some fun, by all means."
Fast forward to today, and Bitcoin’s price has skyrocketed over 1,000,000% since that $5.80/BTC valuation.
This post is the ultimate reminder of how far the network has come. It shows the passion of the early adopters who kept the lights on simply to "contribute to the network," proving that the biggest gains often come from the most underestimated technologie
#DYOR!! s.
Did you get into mining back in the GPU days? Or are you still mining for fun today? Let's talk in the comments! 👇
#CryptoHistory #BitcoinMining #BTC #BinanceSquare #CryptoCommunity #Throwback$GOOGL.US $BTC $USDC
