People sometimes complain about the high costs involved in mining Bitcoin. But has it always been this way?
According to Bifury creator and OG miner Filip Pawczynsky, even back in 2013 miners would have to invest 100 BTC or more in their GPU mining rigs. The cost of parts and electricity was always somewhat proportional with the benefit of the rewards, so profitability was small unless the miners could afford to not sell their coins for a few years.
Listen to S13 E13 of the Bitcoin Takeover podcast to learn more about the early days of mining. The episode is now available on Apple Podcasts, Spotify & YouTube.
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