In the turbulent world of cryptocurrencies, Wu Jihan has always been the most controversial figure. Some see him as the 'overlord of the Bitcoin world,' admiring the cryptocurrency mining empire he has built; others call him a 'terrorist,' accusing him of undermining the foundations of decentralization. This genius from the mountain city of Chongqing has spent a decade writing a legend that is more tumultuous than the fluctuations in Bitcoin prices.
Born in 1986 in Chongqing, Wu Jihan showed exceptional learning talent from a young age. He entered Nankai Middle School with excellent grades and later pursued further studies at Peking University's School of Economics, minoring in psychology. During his time at Peking University, the Austrian school's free market principles deeply influenced him, leading him to firmly believe that the government should not overly intervene in the economy. At that time, he was studying monetary theory literature, idolizing stock market guru Warren Buffett, while waiting for a turning point in his fate.
In 2009, the aftershocks of the global financial crisis were still rampant, with the average loss in the Chinese stock market reaching 130,000 yuan, and the capital market was bleak. Just graduated from Peking University, Wu Jihan gave up the opportunity to join a major investment bank and chose to join Huaxing Capital. Here, he not only witnessed the rise of China's internet industry but also stumbled upon Bitcoin, which would change his life. Upon encountering this decentralized monetary system, he felt as if he had discovered a 'financial free port,' instantly drawn to its anarchist ideals.
In 2011, Wu Jihan, under the online pseudonym 'QQAgent,' became one of the earliest evangelists of Bitcoin in China. He translated Satoshi Nakamoto's white paper into Chinese, making significant contributions to the spread of Bitcoin in China. That year, he collaborated with engineer Liu Zhipeng to establish the Babi site, creating the first Bitcoin news platform in the country. However, it was a gamble-like investment that truly propelled him to wealth.
In 2012, the geek 'Kao Cat' initiated crowdfunding for mining machine development, aiming to raise 1 million yuan to develop ASIC chips. Wu Jihan almost gambled his entire fortune—15,000 Bitcoins—to become the largest investor. This gamble paid off handsomely, as the 'Kao Cat mining machine' dominated over 50% of the network's computing power due to its impressive performance. Although the community was concerned about centralization risks, market enthusiasm soared, with the mining farm extracting over 40,000 Bitcoins each month, allowing Wu Jihan to earn tens of millions within a few months.
This victory made Wu Jihan firmly believe that 'mining machines are king.' He resigned from his investment banking job to fully immerse himself in the mining industry. Initially, he ordered the Avalon mining machine developed by 'Pumpkin Zhang,' but it faced delays. This setback made him realize that core technology must be in his own hands. Thus, he sought out integrated circuit expert Janke Tuan, exchanging 60% equity for a technical team, vowing to create the most advanced mining machine chips.
In October 2013, Bitmain emerged. This company, co-founded by Wu Jihan and Janke Tuan, quickly rose to prominence in the global mining machine industry due to its technological advantages. Since then, Wu Jihan's name has been closely linked to the development of Bitcoin, and every decision he makes can stir waves in the cryptocurrency community. His story continues to unfold...#BTC走势分析 