Bitcoin miner says: My goal is to earn 100 billion

In our circle, the "rich" have the lowest status. It's not a question of whether they have money or not, but whether we take them with us. We ignore those who are too long-winded. In fact, people in our industry are very trustworthy. Look at how we usually transfer money. We don't have time to sign a contract. We ignore those who want to sign a contract. 50 million, right? We just transfer it directly. Many people think we are crazy.

There are too many people around me who got rich overnight. Many people buy cars and houses, go to KTV and nightclubs after they have money. Those who are a little risk-aware stop their business and do wealth management. The rest are elites, like us, who not only pursue money but also have higher goals. Although I made money in my previous business, I always felt that something was missing, just like playing Landlord, with good cards but no trump bombs. This time I had a good hand, with many bombs, which was very cool.

Many people suddenly make money and don't know what to do. They don't feel like singing or going to nightclubs. The money came too fast. He didn't have this kind of wealth in the past few decades and couldn't control it. I didn't get rich overnight.

Strictly speaking, I achieved "cognitive cashing out" through firm value investment and long-term efforts. Mining does make money quickly, but my goal is to make 100 billion, not 100 million or 200 million. However, it is not convenient for me to disclose how much assets I have at the moment.

People around me know that I have this experience and this cognition, so they come to me for advice. I told him not to invest in five-star hotels, because he doesn’t understand and can only invest in these things. I told him to cut off the business that should be cut off and do a good job of risk control - you are a vested interest, and if the state investigates you, you may have original sin. If it doesn’t work, give me the coins and I will help you invest.

We must recognize that this is a process of redistribution and re-flow of traditional global wealth. I mine to sell to people who want to buy Bitcoin, just like speculating in real estate, people who are stimulated by wealth will speculate in real estate. This is a voluntary redistribution of wealth.

The earliest people who started mining were those born in the 1980s and 1990s. Most people born in the 1960s and 1970s did not approve of this at first, but later wanted to join in. It doesn’t matter if they don’t approve, the future belongs to the young. They speculate on real estate and sell it to us, so we speculate on cryptocurrencies and sell them to them. The logic is the same.

As for whether you are a leek or a leek harvester, it depends on your level.

Ant Financial in the blockchain field

I went through seven or eight transformations, and every day was like a spy movie or a business war movie.

At that time in 2015, my partner called me to Guangzhou to work on a network project, also in the traffic industry. Because the project was not big, I temporarily switched to financial blockchain.

At that time, the equity was split in half, and I didn't consider whether it was reasonable or not. Later on, it was the same old routine: who is the top leader? This question consumed a lot of my energy, until recently I spent a lot of money to buy back most of the equity. This took me two years, and after solving it, the company started to grow very fast.

My earliest understanding of the industry was that in the gold rush, we tended to be "mineral water sellers". To put it bluntly, they went to mine and we sold shovels. But later we found that under the domestic environment, this model might not be sustainable in the long run. We finally chose to go deep into the mountains and forests. Many entrepreneurs went to do ICO, which shocked me and I couldn't understand. I think they went astray.

There are many blockchain projects now, and judging whether they are good or not is still based on the traditional angel investment method: first look at the team, and second look at whether the business model is sustainable. The last point is very important, see if its coins have a lock-up period. The courage to lock up coins represents an entrepreneurial attitude. There is nothing else, as long as they don’t run away. I think the real performance of blockchain projects will be in 3-5 years. Now it is still in the process of forming a capital bubble, which is why I choose to be a miner first.

I talked to someone recently and found that many people want to go all-in now. Many leeks have started to enter the market. My mother is asking about this. I think the market is too crazy. When others are crazy, I have to be more cautious.

Before New Year's Day this year, I sold off 90% of my mining machines. Later it was proved that this approach was forward-looking. I bought the equipment for 10 million yuan, and sold it together with the team, earning 5-6 times more. At present, most of my assets have been cashed out and started to go overseas. In fact, we have deployed mining machines in Romania and some North American countries a long time ago, with a plan of 1 million units. Now I have decided to put mining and other businesses outside the company and do it in the form of a subsidiary.

After many businesses were cut, the parent company has now become an investment company, specializing in blockchain projects and providing financial services for the entire industry chain. Our ultimate goal is to be the Ant Financial in the blockchain field. I think the positioning must be high, otherwise you will be surrounded by competitors.

As for whether it can be done, we’ll talk about it later.