lemonking

Now that Bitcoin is having a serious bull run once more, just surpassing $60,000 USD, I think this story is worth resurfacing.

Read what it was like to be part of the original Bitcoin gold rush and how it drove one miner absolutely crazy in search of quick riches.

Web3 is coming at us at an increasing pace!

Hackathons are filled with more and more Web3 challenges based around decentralization, token economics and data ownership.

But how to beat these ambiguous challenges and bring home prizes?

The link in this post is my blog, it's just that it's my only post so far. Probably gonna post non-crypto related stuff there too, but feel free to follow.

Thanks for the feedback! This was my first blog post so I didn't really have a reference.

I 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.

The universities also very quickly banned crypto mining in dormitories. People still did it secretly, but it was very easy to get caught. There would have been no way to have any sizeable operations in a dorm.

The problem with ASICs and FPGAs were indeed that you would have to order them some 6-12 months in advance and pay the multi-thousand cost up front.

The FPGA/ASIC manufacturers were actually using their own stock to mine the best profits and only then ship them to customers.

Thanks for the link! You have no idea how strong of a connection I immediately felt to the thought processes of that guy :D

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.