Different Eras in Bitcoin's Price History

Hey everyone! I gathered some info on Bitcoin's price history and noticed six distinct periods of relative stability: 1) 03.01.2009-30.06.2010 around 0.0025 USD 2) 07.07.2010-30.09.2010 at 0.05 USD 3) 01.07.2011-31.12.2012 around 5 USD 4) 01.01.2014-31.03.2017 about 500 USD 5) 01.01.2018-30.09.2020 at 5000 USD 6) 01.02.2021 and beyond at 30000 USD Based on this data, I have four hypotheses to share.

1) The price levels in these periods were so varied that it suggests some form of accumulation over time.

2) This could relate to mining costs... which ties into halving events, hardware expenses, and the increase in network hashrate from competing miners.

3) The shift from solo mining with CPU to GPU rigs, and then to ASIC mining in 2013 explains the tech evolution that caused jumps in hashrate and minimum costs. This all ties back to halvings too.

That’s a cool take on mining history! But can Bitcoin's math be done by hand? Like, could someone back in the day solve it with a pencil and paper? How long would it take to just get 1 satoshi in 2009?

Yeah, you could do it with paper and pencil. There's actually a guy who estimated around 0.67 hashes a day, super slow compared to ASICs now. But it was possible back then.

These periods feel like they’re different universes or something. I mean, if you think about it, each era had people trying to mine millions of BTC. Imagine going all in in 2009 when no one got it. Wild, right?