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Author: Admin | 2025-04-28
Co-Founder at f2poolAs soon as it launched in April 2013, f2pool was welcomed by the mining community and experienced rapid growth. By 2014, the hashrate connecting to f2pool accounted for one third of the hashrate on the entire Bitcoin network, making it the biggest Bitcoin mining pool in the world.With f2pool up and running, they left Wenzhou two months after they arrived to pursue other entrepreneurial endeavors. Chun went to Beijing, and Discus Fish went to Lin’an to found Yibite—a very early crypto portal founded by early evangelists—and Yinyu (“Silver Fish” in English), a Litecoin mining hardware manufacturer. At the same time, they continued running f2pool, with Chun in charge of development and management while Discus Fish handled marketing and accounts.In 2015, Yinyu closed its doors in the midst of the 2015 crypto bear market. Discus Fish hadn’t anticipated such a drastic price drop, and the company wasn’t prepared for it. While this was a big blow to Discus Fish at the time, he later said it was a valuable lesson that helped him make better decisions down the line.With the closing of Yinyu, Discus Fish reunited with Chun in Beijing. For convenience, they rented a business office and a residential apartment in the same building. f2pool was thriving. But by the end of 2016, Chun had moved to Thailand, and the two co-founders were still the whole team. Something had to change. “It was a hard time for us when there were only two people on the entire team. I worked almost 24/7, but as the business grew, it became really hard for us to handle everything. So we had to build a team to operate the pool. The hardest time I remember was when I coded the Zcash mining pool at home in Thailand. Discus Fish called me every other day or so to check on the progress.” Chun Wang, Co-Founder at f2poolThe team gradually expanded as the pool supported more and more new coins, eventually becoming the full dedicated team it is today. f2pool now supports mining for more than 40 Proof of Work cryptocurrencies.Beyond Bitcoin: The long-term perspectiveFew early miners held onto their coins for very long. They had expenses like electricity and hardware upgrades to cover, so they tended to sell for fiat frequently. But Chun and Discus Fish were in it for the long haul, and crypto mining was more than just a “money printer” for them. They believed in the technology and were open to investigating and supporting new projects in a time when “altcoins” were often viewed in a negative light. This gave them the patience to stick with the industry through its dramatic ups and downs.Of course, they made mistakes too.“We also suffered losses, which was probably one of the main drivers in helping us get better at finding good opportunities,” Discus Fish said. In an early interview in traditional media, Discus Fish explained how he once sold 100,000 ETH at a price of less than $3. Today, with the ETH
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