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Message boards : XtremeSystems message board : OMG

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poppageek
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Message 36272 - Posted: 14 Apr 2014 | 7:05:11 UTC

I was curious and entered GPUGrids Bitcoin wallet address in a blockchain explorer. They received $ 1,454,312.62 in bitcoins. All in 2012.

https://blockchain.info/address/19b62wRL6hGEWa1bLbkdjaiWvZm1C56XuL

And here I thought they were down and out scientists scraping to get by. LOL

Yes I know it costs alot to run these projects but wow there have been some very generous people.
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Message 36303 - Posted: 15 Apr 2014 | 16:58:34 UTC
Last modified: 15 Apr 2014 | 17:05:43 UTC

I didn't realise just how much those coins I made are now worth.....wow

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Message 36406 - Posted: 18 Apr 2014 | 22:56:33 UTC
Last modified: 18 Apr 2014 | 23:02:17 UTC

yeah but is that $1.4 million at the current BTC value? What was the value at the time the coins were mined (I assume D@H sold them almost immediately for fiat)? BTC jumped a lot in the past 2 years...

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=btc-usd&market=bitstamp

edit: yeah I just check, in 2012 the BTC ended around $11 per BTC. Today it is about $485 per BTC. So almost a 50-fold increase in BTC value from 2012 to today. It even peaked around $1100 early this year.

edit2: ok I went to the link you posted, 3,205 bitcoins received in 2012, that would be a maximum value of about $35,200.
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