When talking about Chinese cryptocurrency figures, Wu Jihan is a person who cannot be ignored. His name has now become a legend in the cryptocurrency circle. After he became a mining tyrant in the Bitcoin world, he is no longer active in the Bitcoin community, but has become one of the most mysterious bigwigs in the Bitcoin circle. Today I will tell you how this mysterious bigwig became the well-deserved overlord of the cryptocurrency circle step by step.

In 2009, the domineering CEO Wu Jihan, a man of the currency circle, was still eating instant noodles in his dormitory at Peking University with the lights off. In that year, Satoshi Nakamoto created Bitcoin. Probably no one would have thought that in a few years, he would dominate the Chinese and even global currency circles, with a trend of being so angry that the princes would be afraid of An Ju and the world would be quiet. Wu Jihan was admitted to Peking University from Nankai University in Chongqing. He majored in psychology and economics at the School of Economics of Peking University. After graduation, he successfully entered an investment bank and worked as a venture capital analyst and investment manager. Yes, he is the child of other people's families in the eyes of our parents. They are all taught by the same teacher, so why can others dominate the world?

Wu Jihan came into contact with Bitcoin in 2011. He had a feeling that the Bitcoin era had arrived, so he borrowed 100,000 yuan from relatives and friends to invest in Bitcoin. No, it should be said that he went all in. Of course, this also requires a certain vision and courage. I call it the courage to accomplish great things. At that time, he bought Bitcoin through Taobao and Mentougou.

For Wu Jihan, the courage to invest in Bitcoin with debt is not just a gamble, but also because he is deeply influenced by cyberpunk. Bill Gates of Windows, Steve Jobs of Apple, and Musk who built rockets to the sky, who are all well-known to us, are all influenced by cyberpunk. Science fiction is the new punk in the digital age, and Bitcoin may be this kind of science fiction. Our richest man, Lao Wang, once said this: I used to ask him over and over again, when will you come with me? He said that Tsinghua University and Peking University are not as brave as courage.

Wu Jihan is not only a Peking University graduate, but also a bold man. He dared to take on a huge debt when he could not see the future of Bitcoin. This is not something that ordinary people can do. In 2011, Wu Jihan and science fiction writers Chang Qia and Lao Duan founded Babbitt, an early Bitcoin exchange platform. In the early Bitcoin circle, programmers dominated the world, which could be considered a breath of fresh air. Probably sparked during a certain exchange, so they quickly gathered a few thousand yuan, rented a server, and invited only a dozen people in the domestic currency circle at that time to play on the website. They translated some Bitcoin articles together, and there was a reward function. This should also be the earliest Bitcoin reward community in China.

At the end of the year, Wu Jihan translated Satoshi Nakamoto's paper Bitcoin: A Peer-to-Peer Electronic Cash System into Chinese for the first time. This was a groundbreaking event. In the Bitcoin community, this is as important as the Chinese translation of the Christian Bible, and the translated version is also the most widely circulated version. Wu Jihan is therefore also known as a Bitcoin evangelist and believer. I admire cryptocurrency evangelists like Wu Jihan.

However, if it only stops here, then Wu Jihan is just a successful investor. What really made Wu Jihan a mining tyrant and the king of world computing power started in 2012. In that year, Fried Cat, who graduated from the junior class of the University of Science and Technology of China, established a company in Shenzhen and announced the manufacture of ASIC mining machines, but he did not have enough funds and hoped to raise 1 million yuan through crowdfunding. At this time, Wu Jihan once again did not change his gambling nature. Yes, he once again spent all his money and bet on Fried Cat's mining machine. This is a naked gamble, with a success rate of only 30%. If it fails, it will really be like what Wang Shoufu sang, and he will have nothing, but Wu Jihan's luck is not bad.

This time, the company of FC has made history by successfully developing the world's first bitcoin mining chip, which has become famous for a while. There were also problems with the chip during this period, and Wu Jihan, who had not yet become a domineering president, was immediately confused. Fortunately, the chip was successfully developed in the end. In 2013, the mine created by FC could mine nearly 40,000 bitcoins every month. Wu Jihan's net worth soared, and he has since become a multi-millionaire. Wu Jihan quit his job at the investment bank and planned to go to the United States for further studies, but was persuaded by an intern who came to the investment bank to do mining together, and thus embarked on the road of mining. If I told my family that I was going to mine after graduating from Peking University, I would definitely be beaten to death by my mother. In the history of bitcoin mining machines, there was once a situation of division among heroes. Pumpkin Zhang, one of the four kings of bitcoin, made the world's first mining machine, but it was FC who really realized the large-scale mass production of mining machines. In early 2013, Wu Jihan decided to make his own mining machine. He found Zhan Ketuan, a technical expert from Tsinghua University, to jointly develop the Antminer. Bitmain, the company that will dominate the computing power of the cryptocurrency world in the future, was born. In 2015, Bitmain successfully launched the fifth generation of Antminers, which established Wu Jihan's position as a mining tycoon.

At that time, Bitmain, Canaan and Ebang Technology, three mining machine manufacturers, accounted for more than 90% of the global market share, and Bitmain was the brightest and most dazzling new star among them, with profitability comparable to that of the US chip giant Nvidia. With the rise of new talents, the mining machine industry has changed, creating a group of new trendsetters. Wu Jihan became the most powerful figure in the Chinese currency circle in this wave, controlling 30% of the computing power in the Bitcoin world and was called the king of computing power.

In August 2017, Wu Jihan asked the mining pool he invested in to use computing power to perform a hard fork on the original Bitcoin block, but the resulting BCH did not carry the isolated witness proposed by the Bitcoin core development team. Wu Jihan's willful hard fork ran counter to the core development team's philosophy, which made them very angry. So the American core development team frantically attacked Wu Jihan on the forum and called him Jihad. In this way, Wu Jihan's team became terrorists of the American development team, but they could do nothing about this world-class mining tyrant from China. What made them even more frightened was that Wu Jihan tried to make BCH surpass Bitcoin in computing power and price. Although he did not succeed in the end, this did not prevent Wu Jihan from becoming famous all over the world. However, this was also the end of his glory. As time went on, the two founders with different ideas began to dislike each other and blame each other. Then a protracted infighting began. However, this will ultimately be a fight without a winner. Finally, with the coordination of investors, Wu Jihan and Zhan Ketuan reached a settlement. Wu Jihan resigned as CEO and founder, took away the company's overseas mining farms, but left Bitmain, which he founded. After the country's policy to crack down on Bitcoin mining was introduced, major mining farms suffered heavy losses, but Wu Jihan had already taken the lead and completed the large-scale migration of computing power. To be honest, we have to admire Wu Jihan's foresight, and we have to sigh at his "uprightness" in employing people. This is where his success and failure lie.

Wu Jihan's past growth is almost a microcosm of the development of Bitcoin. Bitcoin is still young, and the future of digital currency will be even brighter. In the history of Bitcoin creation, Wu Jihan, a generation of mining tyrants, will be a legend that the currency circle cannot avoid. #BTC