meet the curator
Mining Since 2017
North Carolina, USA
CEO of TheCoinDad LLC
TheCoinDad, also known as Tobias Barbir, is a German native under Romanian parents who migrated to America and joined the US Military. He spent the past two decades in the Logistics arena while having traveled the globe to 30 different countries and two warzones during that time. Then in 2013, he learned about Bitcoin and like many others he dismissed it as internet funny money until his cousin sent him a used mining rig in the mail in early 2017. Since then TheCoinDad learned to repair and refurbish miners out of his facility in NC, broker deals, consult for other mining companies, put deployment teams together for large sites, manage consolidation projects in various different states, train entry-level Techs on site, and physically confirm multi-million dollar hardware deals for clients. It was not until 2021 that he realized he might have the most extensive Bitcoin mining collection in the world and decided to focus on helping preserve the history of Bitcoin mining hardware as much as possible. That is how the Bitcoin Mining Museum was born. His collection now extends to over 80 different Bitcoin mining machines from across the globe. To this day, he is still actively adding to this collection.
discover the Evolution of sha256 mining
Founded in 2013, Bitmain makes some of the best Bitcoin miners in the industry.Learn more
Founded in 2016, MicroBT is one of the top producers of Bitcoin miners.Learn more
Founded in 2012, Avalon is the oldest Bitcoin ASIC Manufacturer in the world.Learn more
Miners you've seen, miners you've never seen. Find it all here!Learn more
It would require 59,375 Bitmain U1's (released 2014) to generate the same amount of hashrate as a Bitmain S19 (released 2020). Running this many U1's would also use 118,750 watts, compared to the S19's power consumption of only 3,250 watts.
In November 2013, the first batch of Bitmain S1 miners were sold on BitcoinTalk.org, by auction, with a starting price of 1 BTC each. Only 20 units were available. The highest bid was 5 BTC, or ~$4,000 USD (As of July 2022, with the current Bitcoin price being $20,000, this would be $100,000).
The top 10 coins, by market cap, at the time of the Bitmain S1 auction in November 2013, were Bitcoin, Litecoin, XRP, Peercoin, Namecoin, BitShares, Feathercoin, Novacoin, Primecoin, and WorldCoin. Only 3 of these coins are still around today, including Bitcoin, Litecoin, and XRP.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, embedded a message into the first Bitcoin block, often refered to as the Genesis Block, ever to be mined. The message reads:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
The first peer-to-peer Bitcoin transaction was from Satoshi Nakamoto to Hal Finney, only 8 days after the Genesis Block was mined. As a test, Satoshi sent Hal 10 BTC.
On May 22nd, 2010, Laszlo Hanyecz agreed to pay 10,000 Bitcoin for two Papa John's pizzas. At the time, 10,000 Bitcoin was worth only $41. As of July 2022, with the current Bitcoin price being $20,000, this amounts to $200,000,000.
It would require 1,055,555 RTX 3080 GPU's (commonly used for ETH mining, released 2020) to generate the same amount of hashrate as a Bitmain S19 (released 2020). Running this many RTX 3080's would also use 232,222,100 watts, compared to the S19's power consumption of only 3,250 watts.