The Legend of the Cryptocurrency World: At 23, Shen Yu Became a Billionaire

In the early days, Shen Yu earned 100 million U from 1,000 U in the cryptocurrency world, equivalent to over 700 million RMB, directly ranking him among the billionaires.

Back to 2011, 21-year-old Mao Shixing was in his second year at Beijing University of Chemical Technology, majoring in Communication Engineering; two years earlier, he was independently selected for admission by the university as a candidate from Henan.

One afternoon, with nothing to do, Mao Shixing went to the library to kill time online, where he saw news that the price of Bitcoin had surpassed $1. Initially, he didn’t pay much attention; as if fate was knocking on his door, less than half an hour later, he came across another article about the rise of Bitcoin.

What exactly is Bitcoin? Mao Shixing's interest was immediately piqued. When he learned that Bitcoin is a decentralized digital currency that uses cryptography to solve the double-spending problem in value transfer, it felt like he had discovered a whole new world.

From that day on, Mao Shixing spent all his time in the dorm, skipping classes, even having his meals packed by classmates, immersing himself day and night in one of the earliest Bitcoin forums abroad. On that forum, he saw Satoshi Nakamoto and his team interacting with members in the 763 community.

That year, the price of Bitcoin soared to $30. To obtain Bitcoin, there are essentially two ways: either buy it on the market or mine it. As a science and engineering student lacking sensitivity to price trends, Mao Shixing believed he was not suited for trading and thus chose mining, eventually earning billions through Bitcoin mining.

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