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0 sats \ 4 replies \ @sudonaka 13 Mar 2023 \ parent \ on: Meet the "Vladimir Club" bitcoin
Interesting that is a much better ending to the story
Yes. It's funny how many people stop thinking after "he bought 2 pizzas for 10k bitcoin, how much regret he must have now"
But never dig deeper and learn he pioneered GPU mining and he most likely knew that bitcoin will be worth a ton more in the future and making this transaction was proof that it can work as a currency. So he most likely knew very well what he was doing and has in fact no regrets.
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Learn something new everyday. Although if he was gpu mining he probably sold them along the way to cover electricity costs… somehow I don’t think the OGs would be mad if we told their stories the tragic boating accident way ;)
https://youtu.be/j28hkTJMuTA
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He actually published the first GPU miner.
At that time, you got 50 coins per block, and with a GPU you would get a lot of them.
10,000 BTC is simply 200 blocks. In those days with a GPU you would probably be able to get them in a couple of weeks.
Electricity for a 2009-2010 GPU?, not much. It was basically free pizza.
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The energy cost is key to Bitcoin value. Many stories of even the OGs who lost/sold their coins at $500 for example- if you understand what I’m doing on a public forum then I think you would agree he probably never got that many coins back🫡
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