The mining history of a small miner (lower middle part)

Introduction: Let me continue to talk about my mining history.

10.

The peak of the coin price means that the price of mining machines has also reached the peak, but no one knows that it is the peak, so some people are still buying mining machines. What is more painful than buying Bitcoin at the highest point is buying Antminer S9 at the highest point. The mining machine is not only noisy, but also consumes electricity. You have to maintain it well after buying it. As a result, the more you maintain it, the more you realize that what you are providing is actually a piece of iron.

After entering 2018, the market started to go downhill, but I didn’t know it in the first few months, so I was still looking for various opportunities to get rich. This time I found ipfs, which is a very awesome project. The Chinese name is even cooler, called Interstellar File System. The threshold was very high when it was crowdfunded, so I didn’t participate. ipfs itself is a protocol, and there is another project called filecoin under it, which is the token that can be mined. Although this project has been developed for several years, the main network has not yet been launched.

Around March or April 2018, I saw news that the project might be launched in the middle of the year, which aroused my interest. I didn't participate in the crowdfunding, but I could mine with hard disks, which wouldn't make such a loud noise and wouldn't take up much space. I could probably mine at home, so I saw the news and thought I could prepare in advance. At that time, major ipfs mining machines had already appeared on the Internet. A mining machine was connected to more than a dozen or even twenty hard disks and then packaged. The cost of graphics card mining machines was mainly in the graphics card, and the cost of hard disk mining machines was mainly in the hard disk. The graphics card mining machines sold by manufacturers were actually more expensive. Although they used customized systems and other functions to attract you, I didn't buy them, so I joined several groups selling mining machines, but didn't buy them. What's interesting is that the main network was not online at that time, and these mining machines were actually snapped up. What's more interesting is that each snap-up was sold out in a few minutes. I was afraid that after the project was launched, there would be too many miners, and the price of hard disks would probably skyrocket like graphics cards. For a period of time, I paid attention to the price of hard disks every day and prepared to stock up on dozens of hard disks.

After a while, the team said that the project launch time would be postponed, and the main network would probably not be launched until the end of 2018. Now it is March 2019, and I read the news again. The project may be launched at the end of 2019.

I wonder how those people who were beaten to a pulp while scrambling for the mining machines are doing now?

11.

I am a fan of Chang Jian, so naturally I pay special attention to BTM. I even listed BTM mining as a major investment project in 2018. Facts have proved that I am really too young.

By March 2018, many altcoins had fallen by 70 to 80 percent, while BTM had only fallen by 20 to 30 percent from its high point, and had stabilized at around RMB 2.5. At that time, there was a saying that "Adouyuan was anchored at RMB 2.5." At that time, the Bytom chain holders were in high spirits, thinking that BTM was very resistant to falling. BTM was also very competitive, and even took the lead in a small rebound in Bitcoin, reaching an all-time high of 7 yuan.

Just as the btm mainnet was launched, Bitmain also launched the B3 mining machine. At that time, relying on the popularity of the Bytom chain, the first batch of B3 had a total of 2,500 units in China, priced at RMB 17,000 per unit, and sold out in one second, comparable to grabbing Xiaomi mobile phones. I dragged a few friends to grab it together, but I didn’t get any. I was very angry at the time, and even wanted to buy a second-hand one. When I saw the price of more than 20,000, I gave up. Fate is unstoppable. The second batch of mining machines went on sale without prior notice. I happened to see it, and the price dropped to 11,000. I quickly dragged my friends to buy one each. Fortunately, one account could only buy one at that time.

Seeing that the price of the second batch of mining machines dropped by 6,000 yuan, the users of the first batch could no longer sit still and began to defend their rights. Later, Bitmain was forced to compensate with coupons under pressure.

Btm mining makes people know what life and death is like. At that time, the number of mining machines was fixed, and the amount of btm flowing out every day was fixed, so whoever got the mining machine first could mine more. After the first batch of mining machines were sold, everyone wanted to receive the goods as soon as possible. Mining one day earlier, or even one hour earlier, might increase the profit by hundreds of dollars. At the beginning, a B3 could mine more than 40 btm, with a unit price of 7 yuan, a daily profit of 300 yuan, and a payback period of 3 months. However, the fact is that it can never pay back.

By the time I got the second batch of mining machines, after only ten days, the number of BTMs mined every day had dropped from more than 40 to about 5. At this time, BTM had passed the peak and began to free fall. To make matters worse, the team said at the time that only special mining machines could be used for mining, and the computing power of ordinary mining machines could be ignored. At this time, graphics card mining machines also joined the mining army, and they mined more and the cost was lower than that of B3 mining machines. The two batches of mining machine users began the road to rights protection.

In the first month after the mining machine went on sale, the price of BTM fell by half, and the number of mining fell by 75%. In the second month after the sale, the price of BTM fell by 75%, and the number of mining fell by more than 90%. One machine could only mine 2 per day, which means that the profit was only four or five yuan a day. It was the first to reach the shutdown price. After holding on for a week or two, I turned off the mining machine. The B3 worth more than 10,000 yuan became scrap metal in less than two months.

The next article will continue the mining story of the remaining small coins.

Author: longbtc
Link: https://www.jianshu.com/p/b17d1ac18314
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