Have you already asked the question what if you mined BTC one full day in 2010? What value would it have now and what would it require? Learn more in this article.
Mining BTC in 2010?
What if…? This is a question that each of us has asked ourselves at least once in our lives. At that moment, you may be caught by nostalgia or determination. It’s never too late. So, what if you bought or mined BTC in 2010?
The following lines show an interview with a user who was an active miner during the era Satoshi. He revealed how he used a Pentium processor in mining.
At that time, active miners used it as a source of information so-called Bitcoin talk. On this platform, Satoshi announced for the first time the automatic adjustment of the proof-of-work network difficulty, which took place on December 30, 2009. If you don’t happen to know, difficulty of Bitcoin network adjust in proportion to the overall effort expended throughout the network. So, as the number of nodes increases, so does the complexity.
The above-mentioned active miner was able to generate up to 5 blocks of BTC via a Pentium processor.
In 2010, active miners received up to 50 BTC for successfully adding the block to the network. Today, however, it is different. The BTC network undergoes halving approximately every four years, during which the block fee is halved. So the miners are currently receiving 6.25 BTC per block.
250 BTCs extracted per day
So a user who mined BTC in 2010 using a Pentium processor was able to extract in one day up to 250 BTC. At today’s prices, it’s about $ 10 million.
But it never has to be too late. Many newcomers say that they appeared on the BTC scene too late. However, the total amount of BTC is still not extracted and there are still predictions as to where the price of BTC will go. Some talk about value $ 1,000,000.