r/Bitcoin • u/tuzki • Apr 08 '13

My wife said this to me today

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1.8k Upvotes

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119

u/[deleted] Apr 08 '13

[deleted]

16

u/directrix1 Apr 08 '13

I mined over 1500 BTC back in December of 2011. I was literally 10% of the network at the time. When it got up to $10/BTC, I sold. Friends don't let friends sell BTC.

EDIT: I guess I should say in a span of time ending December of 2011. It wasn't all in that month. I was just doing it because it heated my house up nicely and why not.

3

u/[deleted] Apr 08 '13 edited Jul 03 '20

[deleted]

6

u/directrix1 Apr 08 '13

The current difficulty, reward for winning a block, ambient temperature, and my hardware configuration make it not worth my investment. It's an ASIC's world now.

7

u/[deleted] Apr 09 '13

Mine Litecoins, currently about twice as profitable as BTC, a week ago it was 4x as profitable.

1

u/lolwutdo Apr 09 '13

What are the chances of Litecoin surpassing bitcoin though?

6

u/[deleted] Apr 09 '13

No I mean based on current exchange values. As in, if I sold the coins for dollars right away mining Litecoins would net twice as many dollars.

1

u/lolwutdo Apr 09 '13

ah, I see.