Hello everyone, I am Mr. K. Today we are going to talk about: "The Rise of the Mining Circle (Part 2) - Mining Machines for Hegemony".

As we said in the last class, the initial rise of the mining circle cannot be separated from two people. One of them is the pumpkin Zhang—Zhang Nangeng, and the other is the roasted cat—Jiang Xinyu. If Zhang Nangeng opened an era, then the roasted cat is this The people who push the times to the climax.

The story still begins in early 2012, Roasted Cat, formerly known as Jiang Xinyu. Since he was a child, he can be described as "other people's children" in the mouth of his parents. When I was a student, I was admitted to the junior class of the University of Science and Technology of China with excellent grades from Hunan Shaoyang No. 1 Middle School. In 2009, I received a master's degree from the University of Science and Technology of China.

By chance, Roasted Cat came into contact with Bitcoin, and was deeply attracted by the idea of ​​decentralization in Satoshi Nakamoto's paper. So at the beginning of 2012, Jiang Xinyu applied for an account on the Bitcoin forum, and used "friedcat" as his ID to communicate his ideals and opinions with geeks all over the world. Jiang Xinyu's code name.

I don’t know if it’s a coincidence, but in June of the same year, the news that the American Butterfly Lab was going to develop an ASIC mining machine not only changed the fate of Zhang Nangeng, but also changed the fate of Roasted Cat. Coincidentally, they made the same choice - to develop ASIC mining machines to prevent the monopoly that will appear on the Bitcoin network. However, Zhang Nangeng chose to drop out of school to start a business, while Roasted Cat chose to leave school and return to China to start a business. Perhaps it is because they all have three-point chivalry and passion in their bones, so they will all achieve greater selves in the future.

After returning to China, Roasted Cat quickly registered Bitspring Company, the English name is Bitfountain, and in order to raise the budget for the mass production of mining machines, he borrowed the company's "IPO" listing model and issued his company's virtual stock in exchange for Bitfountain. To raise funds and lay the foundation for the mass production of mining machines.

After half a year of research, at the beginning of 2013, Roasted Cat became the second person besides Zhang Nangeng who successfully developed an ASIC mining machine, named Roasted Cat Mining Machine. Since then, Roasted Cat has quickly achieved mass production of mining machines, and used some of the mass-produced mining machines to build the world's first professional mining farm, realizing large-scale mining, and thus opening the door to the golden age of the mining circle.

With the success of Roasted Cat, 2013 is destined to be a year of fighting between the gods in the mining circle. Funds have begun to focus on the mining machine business. A large number of mining machine brands have appeared, such as Shenyu, Ant, Zeus, West, etc. At that time, Every few months, the mining machines on the market will be updated, and a game of mining machine hegemony will begin.

Ironically, the Butterfly Lab, which initially announced to develop ASIC mining machines, missed the entire era because it failed to develop successfully. On the contrary, the boy who dreamed of slaying a dragon at the beginning became a giant dragon in the end, and Roasted Cat won the victory in this hegemony game. At its peak, the roasted cat mining machine controlled about 40% of the computing power of the entire network, and the virtual stock of the roasted cat company also skyrocketed from the initial 0.1 bitcoin to 5 bitcoins.

So far, the mining circle has become the world of roasted cats, and roasted cats have also become kings, becoming the first "mining bully" in history, and opening a golden age belonging to the mining circle.