When someone used ASIC to mine, the daily revenue was about 40 bitcoin

Before production, the world avalon mining machine only 300. Fat boy picked up the goods on the first day, a friend spent 250,000 yuan to him to buy a, not only back the capital but also net 80,000 yuan. Then avalon mining machine was once fried to 400,000.

The angel investors in the roast Cat were another crazy bunch of their time.

In August 2012, Roast Cat announced the development of ASIC mining machine, and raised money through the community “virtual IPO”. Ant’s founder, Wu Jihan, and Xiaoqiang’s founder, Xie Jian, each spent 1,000 bitcoin to buy more than 10,000 shares. Sun xiaoxiao put “all the money that can move, all bought coins, and then all bought roast cat stock”.

A mine in Shenzhen sits between a garment factory and an electronics factory, and passers-by know nothing about it. According to GQ, in July 2013, the mine was mining nearly 40,000 yuan a month; The company’s share price has risen from 0.1 bitcoin to five, giving it a market cap of more than $130 million.

“I’m at the forefront of the world, right here in what looks like a very humble place.” Jack Bauer describes his visit to the roast cat mine.

Presale (crowdfunding) was a common financing method for digital currency mining at that time. Shenyu, Longmine and other mining machine manufacturers accept customer reservations, and then pre-purchase chips from chip manufacturers. That makes mining riskier. The rapid growth of network computing power, once chip or mining machine manufacturers jump tickets, it is likely to mean that investors have lost their money.

Skipping tickets is not uncommon. Avalon mining machine to futures, several jump ticket let investors lose serious; The roast cat was mostly off-the-shelf, but it also failed to develop and had exploding chips.

No matter how high the risk, the profiteering, the crowd.

When CCTV first reported on bitcoin in May 2013, investors flocked to the site. The currency quadrupled in value in November. Mining machines are in short supply.

Mining machine industry, including roast cat mining machine, pigeon mining machine, Bitcoin mining machine, RAND Mining Bureau, Little Bee mining machine, Avalon original factory and various OEM, garden mining machine, Smart mining machine, etc.

The war of computing power is white hot, the roast cat and avalon mining machine are the two poles, ant mining machine is still buried in development.

The first winter of mining industry: confusion, departure and persistence

Mining is the infrastructure of the digital currency industry, and most of the early entrants have set up their own mines.