Basement Bitcoin Mining in 2011 in Canada

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  • čas přidán 29. 06. 2021
  • I recently found this old footage from 2011 when I was setting up my Bitcoin mine with my buddy Johnny...Bitcoin was around $5 in April/May 2011 when we first heard about it.
    By the time we got the mining going efficiently, the price had doubled to $10.
    I thought we missed the boat ... BTC went to $30 that summer, I was mining 2 BTC a day at one point.
    Since I was using so much power, I ended up getting bumped up to a higher tier power rate. When the Bitcoin price eventually crashed to $2 in the fall, I was mining much less than I was earning from the miners.
    I ended up selling the video cards and recouping all the money I put into it, and saving half the Bitcoin.
    I kept enough Bitcoin to keep me interested, but obviously I wish I never sold a single Bitcoin back then.
    Hilarious to think I was late to the party back then...and to be honest I still think we're early with BTC at $34,000.
    I ended up losing most of my Bitcoin in MtGox in 2014, so I started mining again in 2014 - didn't do any videos that time.
  • Věda a technologie

Komentáře • 36

  • @petroniaskho
    @petroniaskho Před 2 lety +15

    Brad this is one for the history books. Imagine your grandchildren seeing this as the world financial system officially switches to bitcoin.

  • @cutefacejay6703
    @cutefacejay6703 Před rokem +4

    Thanks for the video. Takes me back to mining 10 year's ago and feeling so excited just because me and my friends were doing the same thing you guys were doing.
    I stopped early because my dad kicked off about the electric bills and was wondering why it was so high:P

  • @CanadianBitcoiners
    @CanadianBitcoiners Před 2 lety +3

    Wow, this is a great video ! The video card mining is amazing stuff.
    $5 a BTC seems like a dream now days.
    Cheers from the Canadian Bitcoiners!

  • @CryptoBruhhh
    @CryptoBruhhh Před 7 měsíci

    Feels like xenblocks, but less physical. Thanks for recording these moments in time.

  • @tjbaby0
    @tjbaby0 Před 2 lety +3

    I love this. What were you, 24 then? I was 13 in 2011 and on my way to high school. I spent a lot of time outside and not on the internet. I had no chance at bitcoin in the early days. Now I'm 24 and I go all in on crytpo because I spend a lot more time on the internet, and I know that we're still early :))
    Also, the first time I heard about bitcoin was 2016. A girl on tumblr casually told me, "I'm mining bitcoin". I looked at the price ($700+ at the time), did no real research, but I did make a coinbase haha.
    Now, all I do is buy crypto. Not bitcoin though, I only mine for that.

  • @TheNamelessOne12357
    @TheNamelessOne12357 Před 8 měsíci +4

    I mined 57 BTC back in 2010-2011. Sold all of them for about $25. Most idiotic decision in my life.

    • @mm-wm6uh
      @mm-wm6uh Před 7 měsíci

      can you explain what hardware do you used and 1 btc mined how many hours?

    • @TheNamelessOne12357
      @TheNamelessOne12357 Před 7 měsíci

      @@mm-wm6uh If I remember correctly, it was Radeon 4870x2, I mined on both cores. Then Radeon 5870. No rig, just single PC configured to mine when idle. It took about 2 or 3 days to mine 1BTC.

    • @ashk1422
      @ashk1422 Před 7 měsíci

      Wow

    • @abdul361
      @abdul361 Před měsícem

      ​@@mm-wm6uhit's a lot more difficult to mine bitcoin nowadays and costs thousands just in electricity!

  • @Syngekhoomei
    @Syngekhoomei Před 2 lety +2

    Fucking legend. Everyone must have thought you were nuts.

  • @0x_eth
    @0x_eth Před 6 měsíci +1

    bro you re a legend

  • @RyanProductions
    @RyanProductions Před rokem

    So cool! 999th subscriber 😃!

  • @anacapa7741
    @anacapa7741 Před 2 lety

    Just saw the that video about you and Richard Heart. Did you sell those 8 million HEX?

  • @visheshdwivedi5701
    @visheshdwivedi5701 Před 3 měsíci

    Jonny was right 🎉🎉💸💲

  • @timfelsky
    @timfelsky Před 2 lety +3

    What a fortunate series of events that led to us meeting. Brad, you Legend.

  • @adolfoguerra7257
    @adolfoguerra7257 Před 8 měsíci

    The OG miners...

  • @v.cotoiu3568
    @v.cotoiu3568 Před 2 měsíci

    should have put my sapphire 6950 to work. When Bf3 was switched off. Good times.

  • @crok-cryptonews
    @crok-cryptonews Před 2 lety +3

    2 bitcoin a day ... Nice job 👌

  • @iga123s
    @iga123s Před rokem +1

    please dont say you guys sold on 50 bucks

  • @flavius22
    @flavius22 Před 5 měsíci

    I heard about btc in 2016, it was some ex microsoft employee doing mining profitability maths, silly me, i lost another year worrying for him instead going all in lol.

  • @blackgerbera
    @blackgerbera Před 2 lety +2

    More power!

  • @kishuinupower9163
    @kishuinupower9163 Před 6 měsíci

    Financial freedom ;)

  • @pinkyjack
    @pinkyjack Před 2 lety +4

    legendary!

    • @bradmillscandoit
      @bradmillscandoit  Před 2 lety +1

      how'd you come across this video so quickly?

    • @pinkyjack
      @pinkyjack Před 2 lety +1

      @@bradmillscandoit twitta

    • @furqonlanang9250
      @furqonlanang9250 Před 2 lety +1

      I type Bitcoin mining 2011 then this video is at the top
      A history

  • @GymRatCrypto
    @GymRatCrypto Před 2 lety

    Can you please tell me why you think hex is shit ? Asking before I invest

    • @GymRatCrypto
      @GymRatCrypto Před 2 lety

      @@bradmillscandoit you sounds like my grandfather! Boomer Brad, you got into bitcoin early I’m assuming 😂😂😂 can’t wait for the hex flippening

  • @ionescucristian3672
    @ionescucristian3672 Před 2 lety +1

    Awesome

  • @RugbyCaps
    @RugbyCaps Před 2 lety +2

    Og!

  • @victorneely7964
    @victorneely7964 Před 5 měsíci

    Bitcoin $43,000.00 as of December 23, 2023

  • @shubh4319
    @shubh4319 Před 2 lety +5

    Must be a billionaire

  • @jacobsimpson347
    @jacobsimpson347 Před 2 lety

    Congrats dude!!! Very cool -wombatwassie