The 23-year-old "billionaire" - Shenyu
How did he start his legendary life in the cryptocurrency circle?
Shenyu, whose real name is Mao Shixing, is known as "Seven-color Fairy Fish" in the circle. He is a 90s cryptocurrency circle figure.
Early exploration
In 2011, Mao Shixing was still a sophomore at Beijing University of Chemical Technology when he first came into contact with Bitcoin. He became very interested in Bitcoin and began to spend all day in early Bitcoin forums abroad to study related technologies. As the price of Bitcoin continued to rise, he thought he was not suitable for currency speculation, so he chose to mine Bitcoin. In early 2012, he bought several graphics card mining machines to start mining; by the end of the year, he bought a large number of graphics cards and deployed more than 20 mining machines at home. Soon, he sold the coins he mined and cashed in more than 1 million yuan.
Founding a mining pool
In 2013, Mao Shixing, who had just entered the first year of graduate school, devoted himself to mining. After obtaining the consent of his parents, he applied for a leave of absence and officially founded China's first Bitcoin mining pool - F2Pool. At that time, most foreign mining pools adopted the PPLNS mining income distribution model, which had more uncertainties. He adopted the innovative PPS distribution model, which was very friendly to miners and attracted a large number of miners. In 2013, the price of Bitcoin rose to more than 700 US dollars, and his account increased by several million RMB every day. Suddenly, he realized that his wealth had reached 100 million.
Persistence in the Bitcoin Bear Market
In 2014, Bitcoin entered a bear market and the mining circle entered a mining disaster period. Mao Shihang married his girlfriend whom he met in the Bitcoin Penguin Group. On the day of marriage registration, he did not buy a diamond ring, but gave his wife 25 bitcoins from a block mined by the mining machine.
Diversified Development
In addition to the mining pool business, Shenyu is also one of the founders of Yibit, the earliest Bitcoin media in China. In addition, he also founded Cobo, a digital asset custody solution provider, to further expand his business territory.
Summary
Mao Shihang's success story shows the legendary life of a young man in the currency circle. From the early days of Bitcoin mining, to the creation of mining pools and media, to the establishment of a digital asset custody company, every step he took was full of wisdom and innovation. Follow Shenyu's story to keep up to date with the latest developments and trends in the cryptocurrency world!
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