Timeline for Bitcoin mining reward in 2009
Current License: CC BY-SA 4.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 19, 2021 at 18:03 | comment | added | Joe Bloggs | Anyway, thank you all. I will continue with the HDD file recovery work. | |
| Apr 19, 2021 at 17:51 | comment | added | Joe Bloggs | "Since you're talking about a wallet.dat, I think you may have been running the Bitcoin client, though. –" Excuse me, I have been researching online about what I should be searching for. Wallet.dat came up, in truth, I have no idea what I should be searching for other than the mining software which could be the BitCoin client. | |
| Apr 19, 2021 at 17:51 | comment | added | Joe Bloggs | It wasn't so much signing up but downloading mining software from the internet. When installed it took an age for it to collaborate before it could start the mining process. I did not sign up to Coinbase and the like if they existed at the time. This was in 2009. I am certainly no Crypto-head, I was more of an academic Economic enthusiast with intermediate IT skills. I was certainly mining in 2009, I still have the HDDs from that time but some have been overwritten so I am using software to see if it is possible to recover data. I don't know which HDD was in the mining computer. | |
| Apr 19, 2021 at 17:45 | comment | added | Murch♦ | Since you're talking about a wallet.dat, I think you may have been running the Bitcoin client, though. | |
| Apr 19, 2021 at 17:44 | comment | added | Murch♦ | In 2009 there were no mining pools.The first mining pool ever was Slush pool and it was started in 2010. All bitcoins were generated from block rewards. So, you might have mined a block in 2009 easily and that would be 50 BTC. Or you might have created a wallet on Coinbase or Blockchain.com, I think the former might have given $10 on sign-up for a while. But all these things were started later, there would have been no way to "sign-up" in 2009, and a block reward would have been 50 not 5 BTC. | |
| Apr 19, 2021 at 17:36 | comment | added | Joe Bloggs | No, I am being serious so no mixup. Remember, this was before all the buzz and hype. I merely stumbled on BitCoin when conducting research in other areas back in 2009. Being an Economics grad' I like the idea and thought it had potential but after mining for a short time, I thought the cost of electricity would make it a bad bet. I am in the process of trying to recover the wallet.dat from multiple HDDs. It is a long shot but worth a try; there was certainly BitCoin in the Wallet but I have no idea how many; why would I pay much attention to it back then? | |
| Apr 19, 2021 at 17:24 | comment | added | Murch♦ | I think the asker may have mixed up the story of Gavin Andresen giving away 5 BTC a pop from his faucet with mining. | |
| Apr 19, 2021 at 17:02 | comment | added | Joe Bloggs | Thank you. I can recall downloading BitCoin in 2009 and mining. Frankly, I cannot remember a great deal other than stopping after a few days (maybe a week) because the coins were worth less than cents and I could not see how I would cover the electrical cost. What I remember though is I started off with some BitCoin before I mined, maybe I am wrong about this. | |
| Apr 19, 2021 at 16:52 | history | answered | RedGrittyBrick | CC BY-SA 4.0 |