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    Author Topic: People who mined bitcoins between 2009 to 2012  (Read 467 times)
    dothebeats
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    March 31, 2024, 11:27:18 PM
     #21

    This is something that we might not know at all. There are still a lot of untouched bitcoins that were mined during those times that are sitting on wallets. This either means that their owners forgot the private keys or are just holding their bitcoins because they still have lots of money to blow and bitcoin is their active investment vehicles. Some probably cashed out in 2013 when the first ATH that sent bitcoin's price to the thousands range, and that is understandable because from nothing to $1000 is a lot.

    Anyway, it's crazy to think that there was a time when laptops running Pentiums and crap processors were mining thousands of bitcoins in a day. I'm pretty sure if you bring even a 2-year-old flagship phone that carries a Snapdragon 8 gen 1 processor on that time period, it can do the same task and outperform these laptops and mine a lot more coins.
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