Kao Mao: From the Earliest Evangelist of Bitcoin to the Richest Man in Hunan

In 1986, in Shaoyang, Hunan, a baby boy was born. He is the future richest man in Hunan—Kao Mao (Jiang Xinyu).

Kao Mao's wealth is astonishing. According to incomplete statistics, his two Bitcoin wallets hold 74,715 Bitcoins. Based on the price of nearly $100,000 per Bitcoin in November 2024, his assets amount to 54.9 billion RMB. However, Kao Mao may not have lived to see this day. In 2001, at the age of 15, Kao Mao entered the elite program at the University of Science and Technology of China with the 11th highest score in the nation, graduated with a master’s degree in 2009, and then went to Yale for further study. During this time, he encountered Bitcoin, starting his journey to change the Bitcoin industry in China.

The birth of Bitcoin originated from the ideas of a crypto-anarchist group in 1992—achieving privacy and freedom through cryptographic technology. In 2008, during the financial crisis, Satoshi Nakamoto published the Bitcoin white paper, proposing a decentralized electronic cash system. In 2009, he mined the genesis block, officially marking the birth of Bitcoin. Initially, Bitcoin circulated only among geeks, until in 2010, an American programmer purchased two pizzas for 10,000 Bitcoins, marking the first time Bitcoin was given actual value. Since then, Bitcoin trading heated up, and prices continuously soared.

The story of Bitcoin in China began with non-mainstream groups. In 2010, some game boosters started mining using idle computers, able to mine 10 Bitcoins each night. At the then price of 2-3 RMB, it was just enough to cover a meal. However, CPU mining was soon replaced by GPU technology, and the increasing demand for computing power gradually pushed ordinary players off the historical stage.

Technological iteration propelled the industrialization of mining, and Kao Mao keenly seized this opportunity. He founded Kao Mao Mining Machine Company, promoting the popularity of ASIC miners, leading to an explosive growth in Bitcoin computing power. This not only laid the foundation for China's Bitcoin mining industry but also placed Kao Mao at the pinnacle of the global Bitcoin industry.

However, Kao Mao's legend did not last long. In 2015, he mysteriously disappeared, and his life or death remains unknown. Nevertheless, the wealth and innovative footprints he left behind have already become an important chapter in the history of cryptocurrency!

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