Around 2012. My entrepreneurial buddy was messing around with mining every day. I thought he was into gaming. I didn't comment.
He fiddled with it for a few days. Later it just fizzled out. Then in 2017, a friend bought a mining machine. I remember it was over 30,000 each. He set it up at home. It was making noise every day. After about six months, he sold it at a low price. Later, whenever I mentioned mining machines or coins, he would get angry. A few months after he bought the mining machine, I bought some coins with cash.
In the first half of 2018, ICOs and coins were all the rage. As long as there was a concept, it was hot. If there was no concept, they would create one. If you dared to think, anything was possible. I thought it was the Year of the Dog, so I should buy some Dogecoin. I even posted about it on social media the day I bought it. Soon after, a friend asked me what a coin was. I had a decent reputation normally. An acquaintance from the circle tried it out and bought 10,000 yuan worth. He didn't know how to operate anything and bothered me for half a day. Each coin, he bought 1,000 worth. He also bought some Dogecoin... Then there was a big drop. When it fell, I switched positions. Eventually, the enthusiasm faded. In 2019, a classmate invited me to Chengdu to find electricity and set up a mining farm. My classmate probably didn't understand it himself or had other reasons. I found connections, but the electricity price they quoted was way off from what my classmate provided. During those days of finding connections.
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