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I wasted my student welfare checks, sold my belongings and dragged myself into debt to go all-in during the first Bitcoin mining gold rush in 2013. A true stor
by lemonking 4y ago
I wasted my student welfare checks, sold my belongings and dragged myself into debt to go all-in during the first Bitcoin mining gold rush in 2013.
A true story that sheds light onto what crypto mining was like before the times of warehouse mining farms and dedicated mining hardware (FPGA & ASIC).
Wishing to hear from others with similar experiences in the comments. Take me back to the good old days.
- EVa5I7bHFq9mnYK 4y agoI bought an FPGA miner in April 2012. Very soon made obsolete by ASICs. So by no means was 2013 "before the times" of FPGA & ASIC.
- adrianomartins 4y agoWell, that sure is an entertaining read. I can't imagine what the struggle was. Back then I would do ridiculous small bets on rising crypto coins and feel extremely stress, I can't imagine what you've been through...
- mdrzn 4y agoI sort of had a similar story, started mining mid-2014 and went "all in" after Doge was born, for a couple months. LTS I sold all my doges in the following years, the last of which just a couple months before Elon decided to tweet about Doge and skyrocket the price. Good times.
- llampx 4y agoDid you keep some coins for later and sell near the peak in 2017 or 2021? If not, do you wish you had?
- lemonking 4y agoI didn't keep any, but I also don't regret it. I would have sold them many times over on the way to those peaks. I do nowadays HODL some coins no matter where the price goes but these were purchased via fiat during the last year or so.
- devX3 4y agowell shit, I'm also not a financial genius myself, had a huge opportunity to buy a lot of eth in 2016 and was like meh. So now I'm back to wageslaving.