Cocoon's past to make a fortune - Bitcoin's past and present

Start


In fact, I only wanted to talk about my virtual currency. I was involved in the virtual currency at the end of 2012. In 2014, I completely withdrew from the virtual currency market because the virtual currency has been played badly. I am the first to participate in virtual currency in China. A group of players first explained that everyone should not step in. The virtual currency was still relatively simple in 2012-2013. Now it has become purely a breeding ground for casinos and scams. But it was true that the virtual currency in 2013 drove me to turn salty fish. , so I still have to tell the story.


In order to prove that, I'll take a bite of the Bitcoin wallet address first

Income record

BLOCKCHAIN's income details for my Bitcoin address, I received a total of 1,004 bitcoins, which I have mostly cashed out of when I withdrew in 2014.


Chapter One


In fact, at the beginning of 2012, I still had nothing to do. After graduating from college, I found a stable business unit. The income I remember was only 1900 yuan a month, and the children were only a year old. At that time, a can of Abbott’s powdered milk had to be more than 150. The family’s overall cost almost made it impossible for the husband and wife to afford it. Fortunately, both parents have pensions, and we don’t need our monthly payments. But we also have our own bottom line. Buying a house and renting a house is also very grateful to my wife's renting house to marry me. Until today, we have never taken a cent from both parents. Although we can't help our parents, we can at least not keep old people’s pension money. .


However, the pressure of life is enormous. I still remember the days when I took the gold team to head the three-time head of the sword to turn milk powder money. It can be said that my daughter’s four-month milk powder money is all mys Out of it, in June 2012, my father died. When my mother trembled and handed me the family's passbook to my hand after finishing the incident, I clearly remembered that it was less than 5,000 yuan. After the pensions of the two old people are over, they can hardly save any money. When my mother handed the passbook to my hand and asked me to put up this family, I suddenly felt that a huge pressure came on my face. I didn’t have a car, rented a boarding house, and had a mediocre income. I couldn’t afford it even for children. It is a complete joke that I am going to jack up this family. This embarrassment also forced me to make changes to improve the family’s economic situation.


Chapter II.


The first concept that brought me virtual currency was the users of the GZ forum group. At that time, he was using video cards to dig bitcoin. When he released some information, the big gods in the group were just a joke. But at the time, No way I could see this opportunity, bought a few XFX HD5850 graphics cards to follow him to study the CGMINE's mining program parameter settings, it can be said that I was taught by him, so I always call him very kindly Master. However, there are few bitcoins that can be dug in a month for several video cards in the district, but they also have to pay for the electricity bills. Therefore, almost no money was made in two months. However, it was quickly claimed that the information of the ASIC mining machine that can achieve HD5850 100 times the computing power under the same power consumption was spread in a small area in the circle. The developer was a doctoral student in a well-known university in Beijing, and called it in the circle. At the time, the ASIC mining machine was still in the R&D stage and was raising funds to sponsor R&D funds of US$1,299. If R&D was successful, you would get one ASIC miner and if it failed, it would be a full refund. I had a disagreement with Master on the investment risk of the AISC mining machine. To my surprise, I talked to a memo card player upstairs about the concept of ASIC mining machine and Bitcoin. He immediately said to me very interested. Investing in one, if the money finally counts on him, if we can make a profit we divide the two equally. I immediately decided to invest in Pumpkin Zhang.

So I contacted Jack Zhang by email on October 27, 2012 and booked an ASIC miner and sent money to him.

Two days later he responded to my payment and let me wait patiently for the final product development.

I waited until January 30th, 2013, and one of my scheduled machines had not been delivered, but the second batch of pre-sales of mines began, 9300 ones. My neighbors said that it would be better to place 7 orders directly. The money card made a lot of money, the same old rules, making half the money, and losing money to him. I really didn't understand the idea of ​​the venture capitalists at the time, but I didn't think I had gotten more than 70,000. The risk is not too big. Some of the people who ordered the first batch of mining machines at that time had the same ideas as I had at the time. Therefore, few people in China purchased the second batch of mining machines. Therefore, these seven units became the buyers of the second batch of the first single CN001 in mainland China.

The confirmation was very fast. On January 31, the payment confirmation for the pumpkin patch was received.


Chapter 3, turn

The long wait is like suffering, just as we are ready to give up hope. On March 20, 2013, we suddenly received an ASIC miner from SF Express.

Light up the 67G computing power for the first time.

So immediately start mining, mining more than 5 bitcoin in 24 hours, if the current price is more than 18,000 dollars.

The latter 7 mining machines also arrived suddenly in May. Sudden surprises made it almost impossible for both of us to bear the price. If we calculate the current cash price, we will surely make an income of 100,000 a day.

Then we began to expand the number of venues and machines.

At the end of 2013, we reached 10T computing power and started APP cloud management. When the mine machine is unstable, we can use the PC or mobile phone in the cloud to complete the restart of all the mining machines in the computer room. If you want to say the most brilliant stage of bitcoin mining, that is, between March and July in 2013, since the popularity of mining machines has started, the computing power of the entire network has increased dramatically, and the number of bitcoin dug has been greatly reduced. Also greatly reduced, while Bitcoin's prices have climbed up to 9,000 yuan. At that time, the equipment configuration, the router used ASUS N16, the switch is three NETGEAR GS724T V3, these four devices have been 24X7 service for 6 months; most of the power used Zhenhua silver plate 500W and Kingdee 450W combat version, a small amount The use of Zhenhua Kingdee 1000W/1300W and An-Mei platinum white gold ice 1000W, Jingdong buy, broken, change, this batch of power is still very competitive, and finally the time of the liquidation, it will destroy the two Kingdee 450W combat version of power it.

Until 2014, when we felt that we were out, our two public wallets recorded a total of 2,119 Bitcoins. This was our two-and-a-half year earnings. We donated to the Jet Li Foundation’s BTC account during the earthquake. In addition to the part and the stolen part, one person accounts for half of the settlement.


The fourth chapter, together


I was fortunate that I was the only one who did not do virtual currency IPO financing in the virtual currency circle, did not continue to invest in R&D, did not do any company shares, and my departure was also very timely, so I Nothing was lost, but even though the circle of friends who had been working with us early on found that the circle had deteriorated, the Lib word still didn't know what to choose, but basically it all jumped. There were not only a few who were eventually washed, but why did it happen? This situation?


1. Bitcoin is not recognized by Chinese law, so it is not possible to file a lost or defrauded Bitcoin report in China. This has created a number of fraud cases. Various IPO financings, equity subscriptions, and research and development It is not uncommon for the dice to play empty gloves and white wolves and then disappear. Even if you sign a contract with you, as long as you use bitcoin payments as a bargaining chip, then the contract basically has no legal protection.


2. The tapeout failed. Many people in the IT industry have been involved in the development of front-end and back-end ASIC POS for virtual currency since the time of the pumpkins. Among them, there are many strong players who can stream out ANTSMINER products on the TSMC. More technicians are in a state of muddling and inexperienced, they dare to raise crowdfunding to go to TSMC or SMIC to stream ASIC chips. If the tapeout fails, then naturally, the funds of a few million crowdfunding will be lost. If the tapeout is successful, Do not think that he will give you a simple mining machine, they will use the mining machine you invested in mining, digging them satisfied, before the mine will be shipped to you, the United States butterfly mining machine is a vivid For example, pits have killed countless investors.


3, virtual currency gambling, gambling this form of legalization after the combined use of virtual currency, because China does not recognize the legal status of bitcoin, resulting in the rise of such an online casino has mushroomed, the results of Zhuanghe casual gambling can be thought And know.


4. A large number of venture capital investment and operation agencies involved, among which there was no shortage of funds involved in securities, private funds, and bank investments, forcing Zhuang to control the market price. After the T + 0 vampire mode was turned on, it kept washing and slaughtered sheep. Generally speaking, for the traders who play the stock market for a long time, playing the virtual currency market is too simple. Just a few sets will kill you. Here is a simple example: Bitcoin futures are 50 times to 100 times leverage.


5, cloud wallet storage, many institutions with cloud wallet security can be withdrawn at any time and use interest as a bait to require users to deposit bitcoin into their cloud wallet, in fact, the operation is very simple, when the price is high they crazy to sell you Bitcoins, when they were low, they bought Bitcoin and returned it to you. If they invest in the wrong direction and go bankrupt, it's easy. They run straight.


6. The transaction data of each major trading platform is not true, and the domestic trading platform is also true for Bitcoin China's transaction data. The data and turnover of other trading platforms are very false, and the funds involved in external venture capital investment are very direct. The funds in the funds came out and very few asked Bitcoin to withdraw cash, so the platform also boldly added Bitcoin itself. Originally, there were 2,000 of his wallets, but he said that there are 200,000. Anyway, it is speculation that your external funds are coming in. , Buy and sell, regardless of the number of additional funds to the speculation of external funds are coming, SO, false false transaction data is generated, and all this false data is only one purpose, to jointly control the price fluctuation.


Based on the above factors, the original currency decentralized with utopian dreams has lost its original function and value, and is simply a bargaining chip for trading. So to this day, I don’t recommend friends around me to intervene in this area. Because there are too many scams and pits caused by decriminalization, they will be pitted when they don’t pay attention. The trend of this virtual currency market is that of venture capitalists and miners. Money continues to flow into the pockets of the trading platform. In the course of this transaction, there is no bitcoin. You may dig a bitcoin for more than ten days, and the trading platform itself will add ten thousand more privately. Second thing.

At the end of 2013, I bought two suites, 5th floor for myself, 4th floor for my mother, giving myself and my wife and children a place to shelter, and giving myself a chance to be filial.

He bought a black par, opened his wife, and also supported his wife to finish the postgraduate study. My wife and I were both very bitter students and very pragmatic people. I was not used to being lavish, and money was spent on the knife.


For the family I am particularly embarrassed, especially in 2013 this year, almost every day to go to the engine room after work, home is early in the morning, wake up in the morning I went to work, the size of the family can hardly take care of, and later I have One evening at 9PM, I walked with my daughter-in-law on the road. The daughter-in-law asked me what my happiness was. I couldn't answer it. The wife pointed to the very shabby shop where stainless steel doors and windows were welded, and a couple and a child surrounded an electric stove. A pot on the meal, I actually burst into tears, which also confirmed my determination to withdraw from mining career, the money can not solve all the problems, such as little happiness.


There is also a great hidden danger of miners in radiation damage. Because of the long exposure to ionizing radiation in mines facing a large number of miners, the mines in Huainan and Fuzhou have been reported to have caused mine owners to have leukemia and brain cancer. For example, the fundraising donation was also expressed in the circle, but what's the use of money for life?


It's a pity that the shared wallet was stolen once and lost a lot of Bitcoin. This also gave us a lesson. The cold storage and encryption of the wallet is really too important. At that time, the encryption method was mainly the password encryption of the wallet, only Simply think that the wallet is on my computer, the password is in my head, then it should not be lost, sudden wealth surprises let us forget the security.


One of the brothers published an article in Yi Xun which mentioned that some models of Plextor SSD can be installed PLEXVAULT software for virtual currency hidden encryption. After seeing this article I also tried something really good, unfortunately 2013 When there is no PLEXVAULT, it is very likely that Bitcoin will not be easily stolen. Just recently, some things have been added, so it's time to entertain yourself in the sun.

My day-to-day management and the most frequently used computer is the THINKPAD X230. I bought a docking station THINKPAD ULTRABASE SERIES3 and the X230+ULTRABASE SERIES3 completes my daily work and virtual currency wallet backup and cold storage backup.

X230 I bought the top with I7 3520M, IPS screen and backlit keyboard empty machine, but also recently scouring the goods, has no love for the X240 X250, and a soft spot for the X230.

Jingdong bought the British Rui Da DDR3 1600 low-voltage 8GX2, notebook memory I want to buy it or else Kingston or else Micron Samsung Hynix and other large manufacturers, and other I have not yet bought.

Jingdong purchased Plextor M6S PLUS 512GB, for notebook use, I think 512 is a relatively appropriate capacity.

I used to have an old inventory of M6S 128GB, compared M6S and M6S PLUS, the appearance of a small addition to the PLUS word, there is no big difference between the two particles is still a bit different, M6S MARVELL 88SS9188 + Toshiba A19 MLC , M6S PLUS MARVELL 88SS9188 + Toshiba 15NM MLC, production definition life at 3000P / E, in this era of TLC all over the world, really no more good choice, I also figure a PLEXVAULT software features, so choose Pu Kurt's SSD serves as a storage medium for bitcoin wallets. In fact, for the demand of functional software, it is not cost-effective, you need this function more expensive you have to demand. People who do not need this feature will find it expensive. However, the price/performance ratio is not the only reference standard, and their applicability is an accurate reference standard.

X230 I directly bring a 51 2GB SSD.

In fact, I do not care, HM77's notebook motherboard, more than 950 points belong.

PlexVault allows users to customize one or more private spaces. Through a dual hotkey combination design, users can have a completely private space, as well as completely dominated control permissions. Even a computer shared by multiple people, as long as the confidential or private data is stored in the space created by PlexVault, can be safely hidden in the computer, not easily discovered by others. The most surprising thing is that neither PlexVault's private space can be found either through the system device manager, file manager, or disk management. Only by entering hotkeys can the PlexVault privacy space be called, and the user can also set password protection twice.

To use the PlexVault software first install the operating system on Plextor’s SSDs that support PlexVault software, then install PlexVault components and set up two sets of key combinations

512GB of M6S+ hidden space can be set up to 109GB at the same time, you can set password access

Setting completed

The hidden partition is not visible on the desktop

After inputting two previously set hot keys, a password prompt pops up

After entering the password, my hidden bitcoin BTC partition appeared

My Bitcoin wallet hides it, and when you enter two groups of hotkeys again, this partition disappears. So when needed, hidden partitions appear and disappear when they are not needed. Greatly reduces the chance of private documents and external contacts.

It is not enough to rely on an SSD to ensure security. There must be cold storage and backup disks. My backup disk is set on the docking station. The THINKPAD ULTRABASE SERIES3 docking station must have a 9.55mm conversion bracket for the SSD.

I use the M6S 128GB as a storage disk for my wallet. I only put my wallet file and mount the conversion bracket directly.

The THINKPAD ULTRABASE SERIES3 docking station comes with an optical drive prosthetic support. When no backup is required, the prosthetic support is directly placed in the docking station.

When it is necessary to back up or the wallet file of the machine is damaged, I will put the M6S 128G and the conversion bracket into the docking station, connect to the X230 to restore or repair the damaged wallet file, so as to be foolproof.

Buy a 32-inch AOC LV323HUPX 4K professional display external docking DP interface, so that X230 + THINKPAD ULTRABASE SERIES3 docking station can be used as a desktop. X230 DP output 4K no problem, but only 30HZ, but usually does not affect the use, but this monitor I was right eight for the THINKPAD X1C 2016 prepared.


end:


In fact, I did not make much money, but the economic foundation is too poor. I have improved a little bit now. It may be worth mentioning to many valued friends. However, I still need to summarize briefly. My counter-attack experience, of course, is not just about virtual currencies:


1. When I started, I was still in the early stages of the development of virtual currency. In simple terms, even if the trading platform is not yet complete, large-scale capital and capital market operations have not yet formed, once the operation of large capital, we must make a little money to look at luck. It's impossible to make big money. Opportunities are always present in the bud of a project.

2, can not have a pig teammates, mutual trust is crucial, even if we lost Bitcoin when there is no mutual suspicion, abide by the contract and can implement the project to the end.

3. To improve their ability to advance their tools, prepare for work, keep up with equipment and technology, and have complete data security. The ability to continue learning is very important.

4. Don't forget to make money by earning money. Relief donations to do good can enrich your sense of accomplishment in life. The proper way to improve the quality of family life is to stabilize the family.


TIP: I know that many so-called professionals who interpret virtual currencies and giant mega-level mines may spurt me to ask for solutions. They roughly read the great virtual currency in their hearts, but please don't brainwash me. Just touch them. The conscience will look at how you circulated your money.