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Yes, and previously it was even simpler. At first, bitcoins could be profitably mined using just your CPU. Back in July 2010, I solved two blocks by myself - t
by SlipperySlope 14y ago
Yes, and previously it was even simpler.
At first, bitcoins could be profitably mined using just your CPU. Back in July 2010, I solved two blocks by myself - there were no pools then - using my Linux development desktop.
Within a year, CPU mining was no longer profitable because gamers were re-purposing their AMI/AMD graphics cards for much more electricity-efficient mining. Again, all you had to due was to download software into an existing gaming rig.
- notdrunkatall 14y agoIf that's the case, do you have an avalon machine on the way?
- SlipperySlope 14y agoOh no!! Its actually far less effort and risk to simply buy and hoard bitcoins periodically during price dips. I gave up mining bitcoins in 2011 and sold off my six card 5770 rigs. I believe that bitcoin hoarding has the same place in a diversified investment portfolio that gold does - namely some small percentage so that one can ignore short term price volatility.