Where is my money

Crypto-What

As I comfortably sit down to get prepared and organise my thoughts to write about my first experience with cryptocurrency (not so great, if you don’t want to wait for it), it occurs to me that it was not, in fact, the first time I bought crypto.

I know the hype is incredible right now and due to peer pressure I ended up just getting some virtual coins. But first things first.

Ancient times

I take you back about 3-4 years ago, one of my best friends and I decided to buy a Bitcoin mining computer. We did not know much about it, but decided nonetheless that we should get on board and why not, we bought a $1000 mining machine.

Geeking out

The tech specs were good for the time, but I can’t remember much of the details to tell you about it now. What I can tell you is that the thing was big and Oh.My.God was it LOUD!

We estimated our electricity bills up to the cent and figured that if the bitcoin price did not completely crashed we would soon be on the money.

We are in the money, baby! Or are we!?!?

Beginner’s luck!!! Nooooot!

Price tanked and on top of it we could not sleep with the computer on, it was so loud that we could hear it from our neighbours apartment.

Mining is important!! We told ourselves and sleepless nights followed by sleepless nights in exchange for a slow paced mining activity. Powering through mining pools we persistently accumulated a reasonable amount of coins.

As time passed by the the algorithm became harder and harder to crack and the ever increasing electricity bill was no longer being covered by the virtual metal mined.

Is it all gone, forever?

Our awesome mining gig ended up in the bin room and our coins at the time stored in a hard wallet are nowhere to be found.