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A University Student Who Blew 10,000 Bitcoin For Papa John's Pizza.

Updated: Apr 28, 2022

Biggest Mistake Of His Life?

How much does an average pizza cost? An average pizza for a lot of folks could vary. Some can't live without their Italian-style pizza, or others would be okay with a hot and ready from Little Caesars for a quick five bucks. One day in the summer of 2010, Laszlo Hanyecz, aka "the Bitcoin Pizza Guy," decided to buy two fresh Papa John's pizzas for an astonishing 10,000 bitcoins. During that time, his bitcoin value was about 41 dollars altogether. If he had a time machine and fast-forwarded to 2022 and saw that his 10,000 bitcoins were worth over 431,000,000 million dollars, would he still have any regrets?

How Did The Deal Bitcoin Pizza Deal Go Down ??

In 2010, a 19-year-old California student had request on a cryptocurrency internet forum that he could receive 10,000 bitcoins, valued at approximately $41 at the time, in exchange for delivering two large Papa John's Pizzas to Mr. Laszlo's apartment.

He had over 10,000 bitcoins at that time, but he wasted them all on two hot pies. For the first time in Bitcoin history, a physical item was purchased: two huge pizzas from Papa John's ( hopefully, those pies came with extra garlic sauce).

Did Mr. Laszlo Have Any Regrets ??


Laszlo, now 30, said he is "happy" to have been a part of the "global phenomenon" even though he missed out on becoming a millionaire. He claimed he might have held on to them for longer if he'd seen it as an investment.

But I think it is something like you'd expect any first-year university student to do. If he didn't take advantage of the opportunity, he could have been a multi millionaire, but he did. I wonder what is life would be like if he would he wouldn't have made that call?

Bitcoin Pizza Day Becomes A Viral Hit

Bitcoin Pizza Day was created in January of 2012 by a developer named Charles Lee, who wanted a way to thank all the developers who make Bitcoin possible.

The Bitcoin Pizza Day we're celebrating this year began in 2010 when someone set out to donate $10,000 worth of pizza to those in need. It has now become an annual event to raise awareness for crypto-currencies.

On May 22, 2022, people worldwide will commemorate the 10th anniversary of the first Bitcoin transaction. It will happen ten days after the Bitcoin halving.

Bitcoin Pizza Day is a time to remember the history of Bitcoin, and its founder, a man who was just a super-hungry university student who lost it all over one transaction.

Crypto Mining Vs. Buying Crypto

There are always a few options for getting in the Crypto game. Some will buy a few coins or even a fraction of a coin and watch the markets rise. On the other hand, another way is also quite viable and reasonable, depending on your budget. At least, I always look at the overall long-term profitability. Cryptomining has been on the rise, and here at TheMinerMan, we have been following this upward trend over the past few years, and we have seen an army of new and veteran miners dig for coins digitally with great profit.

How To Pick A Miner?

The most important thing when picking a miner is your overall budget. Are you purchasing your crypto miner on business credit? What is your overall cost per month? Are you buying your miner with cash? What is your buy-back time? Also, it's essential to take into account your electricity bill. If you're running multiple miners, is it better to do it in your home country? Below, I have posted a Crypto Mining calculator from our clients, which eliminates some of the guesswork for you.

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