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How did people buy bitcoins back in 2011? Did you have to send a check to the seller?
by da02 6y ago
How did people buy bitcoins back in 2011? Did you have to send a check to the seller?
- kinghajj 6y agoMtGox and BitStamp were the two biggest exchanges back then.
- gruez 6y agopaypal worked, as long as you had a reputation (and therefore wouldn't chargeback).
- thinkmassive 6y agoIt was also trivial to mine it yourself back then, first with CPU then with GPU. Some miners dabbled with FPGAs in 2012-2013, but the difficulty adjustment wasn't hit hard until ASICs started being used in 2013. Since then it's only been profitable to use the latest few generations of ASICs.