Hunan teenager entrepreneurship legend: Bitcoin billionaire roast cat Jiang Xinyu mysteriously disappeared

This young man is from Shaoyang, Hunan, and used to be an ordinary dick. Legend has it that he successfully entered the junior class of USTC at the age of 15 and showed outstanding academic talent. At the age of 25, he received his Ph.D. from Yale University.

However, due to his obsession with Bitcoin, he chose to drop out of school and devote himself to Bitcoin entrepreneurship during his PhD. In just three months, he made 200 million yuan, and the cumulative market value by mining Bitcoin was as high as 29.8 billion. In 2015, he took a plane to Thailand, and suddenly disappeared from the world, becoming a puzzling mystery in the currency circle.

Jiang Xinyu, known by the screen name Roast Cat, left all the information limited to a few photos and tens of thousands of bitcoins in his account. He studied for a Ph.D. in computer systems at Yale University in 2011 and was first introduced to Bitcoin by Fan Dawei, a classmate at USTC. This small incident opened the door to Jiang Xinyu’s new world. The concept and technology of bookkeeping for all, without a center, and without the constraints of arbitrary tampering, deeply attracted Jiang Xinyu and inspired him to fight for it all his life.

At the beginning of 2012, Jiang Xinyu began to be active in the Bitcoin community under the name of Roast Cat.

In July 2012, Roast Cat designed a mining machine called “A Saike”, which successfully raised 1 million funds through the world’s first SO (equity crowdfunding) and obtained two important partners. Wu Jihan was enthusiastically shouting at this stage. However, the aggression and corruption of this time also became his future gravedigger.

In 2012, Roast Cat Company was established in Shenzhen. At that time, the domestic mining industry was still in a blank, and Bitcoin was almost unknown to people. Compared with the later Li Xiaolai, Wu Jihan, Bao Erye and others, the roast cat can be considered one of the earliest pioneers, and he is a partner of Bi Privilege.

Crazy Xiaoqiang wrote in his diary: "I am at the forefront of the world, in this seemingly inconspicuous place. The world’s martial arts, only fast is not broken. The A Saike miner designed by Roast Cat is unique in martial arts, completely crushing the Avalon miner designed by Pumpkin Zhang of the American Butterfly Lab, and becoming the absolute hegemon of the computing world.

In February 2013, the Roast Cat miner successfully mined its first block

As a reward, the roast cat managed to get fifty bitcoins. In April 2013, the Roast Cat mine was officially established, and its computing power accounted for 42% of the entire network.

In this month, the peak computing power of the Roast Cat Mine reached 47T, triggering a panic of 51% attacks in the community. In order to cope with the situation, Roast Cat had to sell mining machines to the outside world. He not only created the myth of computing power, but also accumulated a huge fortune. The share price of the Roast Cat Mine has risen fifty times in a year, and it pays crazy dividends to shareholders.

The value of 140,000 bitcoins has reached 30 billion yuan, and the total market value is an astonishing 2 million bitcoins. The proportion of shares held by Roast Cat has reached 50%, and nine people share this wealth, and the wealth is immeasurable.

Such a genius boy and billionaire finally fell into a situation where his whereabouts are unknown, and his life and death are uncertain. The mine has not escaped the fate of prosperity and decline, and the long-term high dividends have led to a shortage of R&D funds. As a result, the Roast Cat mine missed the launch of a new generation of mining machines.

Roast Cat’s former partner Wu Jihan left to found Antminer and adopted advanced 55nm and 28nm technology. Their competitors, such as Avalon and Ant S Five, went crazy to launch new products, causing the market share of roast cats to be severely squeezed.

In October 2013, the computing power of the Roast Cat Mining Farm accounted for 4% of the entire Bitcoin network. However, the roast cat mining machine has suffered from serious unsalable problems, resulting in financial tensions for the company. At this critical moment, the appearance of a person becomes the terminator of the fate of the roast cat. Through the introduction of the middleman, the roast cat met the mine owner Lin. Fortunately, Lin invested in Roast Cat by providing a venue and an annual fee of four cents at one time, and invested 6,000 mining machines for it.

At the beginning of 2015, due to the quality of the mining machine packaging, the mine of Roast Cat exploded, and the equipment worth 70 million yuan was wiped out. Faced with this sudden situation, Roast Cat went to negotiate, but was surrounded by local hooligans. At the same time, the mining number of the mine is also controlled by them.

There are two theories about the disappearance of roast cats to the present. One view is that the roast cat did not take a plane to Thailand, but met with an accident.

Another version shows the roast cat leaving in a hurry, looking for his own paradise and burying a mysterious name. After the disappearance of the roast cat, the Hefei court ruled to end the marriage with his wife Wang Xian, and the roast cat was also listed as a missing person. However, rumors about roast cats have never stopped on the Internet.

Around August 2017, a total of 17,600 bitcoins were transferred out of two wallet accounts of Roast Cat in a week, with a total value of 340 million. However, there has been no movement since. It is not known whether the transfers were made by the roast cat himself, or whether they were manipulated by others, and whether the roast cat is still alive.

Source: Golden Finance