1. Stock market dreams shattered, life hits rock bottom

In 2010, I graduated from college, filled with aspirations for the financial market, and resolutely dove into the A-share investment wave. Over the five years, I experienced the thrill of bull and bear transitions and also suffered the devastating blow from the severe fluctuations in the A-share market in 2015. That year, the stock market plummeted, and I not only lost all my savings but also fell into debt, hitting rock bottom in life.

2. Transitioning to Bitcoin mining, a new starting point in Sichuan

In 2016, on a friend's suggestion, I began to pay attention to Bitcoin mining. At that time, Bitcoin prices fluctuated around 4000-6000 yuan (600-900 dollars), far from the later peaks, but it had already attracted many early players. Sichuan, rich in hydropower resources and with low electricity prices, became an important gathering place for mining sites in the country. I decided to go to Sichuan and start a new chapter in my life.

3. Mining machine selection and mining details

Just entered the mining circle, I invested a limited amount of capital to purchase the then-mainstream Antminer S9. This miner was released in June 2016, using a 16nm chip, with a single unit computing power of 13.5 TH/s and a power consumption of about 1350W, with a power consumption per unit computing power of 104W/T. Although the Antminer S9 is not the most advanced, it has become the mainstay in the mining community due to its stability and cost-effectiveness.

I rented a small factory in Sichuan to set up a mining site, utilizing the local low electricity price of 0.3-0.4 yuan/kWh, running the miners non-stop day and night. The mining process was not smooth sailing. Sichuan is mountainous, and summer floods are frequent, leading to occasional power outages and equipment flooding at the mining site. I continuously optimized heat dissipation and moisture-proof measures, learned maintenance knowledge for mining machines, and gradually mastered the management of the mining site.

4. Cryptocurrency prices soar, wealth bifurcation

In 2017, Bitcoin prices saw a significant rise, soaring from about $1,000 at the beginning of the year to nearly $20,000 by the end. The Bitcoin assets in my hands experienced dozens of times growth. Faced with price fluctuations, I didn’t blindly chase high prices but instead cashed out in batches to pay off debts and expand the mining site, purchasing more high-performance mining machines to enhance overall computing power.

5. Rebirth and the path to wealth

As the cryptocurrency market continued to heat up, my mining site expanded continuously, with annual income breaking the one million yuan mark. I not only paid off all debts but also accumulated considerable wealth, achieving a stunning turnaround from bankruptcy to wealth.

Summary of key details

In 2016, cryptocurrency prices were sluggish, and the Antminer S9 became mainstream, with Sichuan's low electricity price advantage being evident.

Mining faced practical challenges such as equipment maintenance, power interruptions, and natural disasters.

In 2017, with the explosive rise in cryptocurrency prices, my assets experienced bifurcation, and I seized the opportunity to cash out in batches and expand steadily.

"The core indicator for mining machines is the power consumption per unit computing power (W/T), the lower the power consumption, the higher the net profit. In Sichuan, electricity prices are low, making the Antminer S9 the top choice for miners."

This experience made me deeply realize that only by continuously learning and persevering can one turn the tide in the waves of the times and welcome one's own brilliance.#币安Alpha上新 #Strategy增持比特币 $BTC $ETH