In November 2018, a "mining disaster" swept through. Although he had more than 30 bitcoins worth up to 2.6 million, he had to sell his mining machines to avoid greater losses due to the shocking electricity bill of 2.8 million. At that time, many miners sold their mining machines, and the mining machines were almost reduced to scrap metal. Only more than 20,000 units caused a loss of more than 100 million yuan.
Back in 2017, my friend built a mining base next to the hydropower station on the banks of the Dadu River, taking advantage of the electricity price. In the four sheds, S7 and A6 mining machines roared, with a total of more than 20,000 units, chasing the phantom of Bitcoin day and night. At that time, the total amount of Bitcoin was limited to 21 million, which attracted global competition. My friend was also very proud of it. He drove a Rolls-Royce Phantom and laughed at the big miner who rented the hydropower station and spent nearly 100 million yuan on annual electricity bills.
However, the market changes rapidly. On January 9, 2021, although Bitcoin reached a peak of $41,478, it caused a network-wide liquidation in the following two days, with a loss of up to 5.3 billion yuan and nearly 70,000 people's dreams shattered. The Huaqiangbei mining machine market was once hot, but the risks and opportunities behind it coexist.
What is even more regrettable is that in 2018, "mining machines sold by pound" became a hot topic on the Internet, and the surge in early 2021 caused nearly 70,000 people to liquidate their positions. Every fluctuation of Bitcoin affects the nerves of the market.
Looking back at 2010, a coat worth 170 yuan had to be exchanged for 10,000 bitcoins. In seven years, the value of Bitcoin soared 4 million times, far exceeding the financial frenzy in history. This is not only a carnival of numbers, but also a profound reflection of human greed and fear. Perhaps it is an unprecedented asset bubble in human history.
In the wave of Bitcoin, everyone is a participant and a witness. No one is spared when an avalanche occurs;
Observation: wld, sats, FIL, pepe, floki, wif....
Follow my pace for details👈
Follow if you like spot or contracts.
The market is temporarily stable, and the news is very important
Recently, I have ambushed a potential coin that is ready to explode.
Leave below: 888. Share with you! !